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Employees: 732
Size Wagners (WGN.AX) is an Australia Materials company (Construction Materials) with a market value of $650M, the 233rd largest of 316 Australia companies the cockpit tracks. Shares closed at A$4.67 on 6 Nov 2026.
Performance Over six months the shares fell 4.5%, against -11.6% for the median peer and +4.1% for the Australia market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 16.9% over the last twelve months (peer median -3.1%); the operating margin is 12.2% (peer median 4.9%).
Valuation It trades at 20.7× forward earnings against a peer median of 19.0× (5th most expensive of 10).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.3 points above its cost of capital (8.1% WACC).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$504M | A$504M | A$431M | A$482M | A$475M |
| Revenue growth | — | +17% | -10% | +1% | — |
| Gross profit | A$127M | A$127M | A$105M | A$111M | A$99.7M |
| EBITDA | A$83.2M | A$83.2M | A$61.1M | A$61.8M | A$44.2M |
| Net income | A$40.6M | A$40.6M | A$22.7M | A$10.3M | A$3.12M |
| Free cash flow | A$11.9M | A$11.9M | A$18.9M | A$48.7M | A$1.64M |
| Capital expenditure | A$51.2M | A$51.2M | A$36.6M | A$23.9M | A$15.2M |
| Total debt | n/a | A$148M | A$189M | A$203M | A$249M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WGN.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.2% | -5.7% | 3rd highest of 21 |
| 6-month return | -4.5% | -11.6% | 7th highest of 20 |
| Distance from 52-week high | -7.3% | -31.3% | 2nd highest of 21 |
| Revenue growth (TTM) | +16.9% | -3.1% | 5th highest of 20 |
| Operating margin | 12.2% | 4.9% | 4th highest of 21 |
| Forward P/E | 20.7× | 19.0× | 5th most expensive of 10 |
| Growth the price implies (Req g, 7 yrs) | 10.2% | 1.5% | 3rd most demanding of 16 |
| Growth delivered (Del g) | +9.5% | +3.5% | 3rd highest of 16 |
| Hurdle (Req g minus delivered) | +0.7 pp | -0.5 pp | 8th most demanding of 16 |
| ROIC minus cost of capital | +4.3 pp | -3.3 pp | 2nd highest of 21 |
| EV / EBITDA | 12.8× | 7.6× | 2nd most expensive of 8 |
| Net debt / EBITDA | 1.5× | 1.1× | 4th most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wagners WGN.AX | Australia | $650M | -4% | +17% | 12% | 20.7× | 10.2% | +9.5% |
| Suncrete RMIX | United States | $646M | -47% | n/a | 1% | 61.2× | n/a | n/a |
| Nichiha 7943.T | Japan | $599M | -10% | -3% | 7% | 13.0× | -3.7% | +3.5% |
| Sinosteel Luonai Materials Technology 688119.SS | China | $597M | -32% | -2% | -13% | n/a | 3.7% | -0.3% |
| Marshalls MSLH.L | United Kingdom | $597M | +40% | 0% | 8% | 11.8× | 8.2% | +6.1% |
| Sobute New Materials 603916.SS | China | $573M | -24% | -3% | 7% | 27.1× | 1.5% | -0.5% |
| Stewards SWRD | United States | $555M | n/a | +30% | -100% | n/a | n/a | n/a |
| Shinagawa Refra 5351.T | Japan | $551M | -3% | +25% | 7% | n/a | 0.5% | +12.2% |
| Longyan Kaolin Clay 605086.SS | China | $550M | -37% | -9% | 39% | 24.4× | 20.5% | +4.9% |
| Jilin Yatai (Group) 600881.SS | China | $776M | +3% | -15% | -21% | n/a | 5.0% | -20.1% |
| Hainan RuiZe New Building Material 002596.SZ | China | $544M | -16% | -16% | -16% | n/a | 35.7% | -16.7% |
| Universal Cement 1104.TW | Taiwan | $543M | -7% | -5% | 16% | n/a | -2.2% | +7.9% |
| Guangdong Dongpeng 003012.SZ | China | $779M | -24% | -15% | 0% | 29.8× | -3.8% | -3.3% |
| Pan-United P52.SI | Singapore | $784M | -9% | +26% | 7% | 15.4× | -5.3% | +17.3% |
| Mitsui Matsushima 1518.T | Japan | $526M | +57% | +9% | 14% | n/a | 3.7% | +2.7% |
| Sinostone (Guangdong) 001212.SZ | China | $814M | -52% | -21% | -18% | n/a | n/a | n/a |
| Yang Guang 000608.SZ | China | $814M | +60% | +68% | 4% | n/a | n/a | n/a |
| Ningxia Building Materials 600449.SS | China | $818M | -12% | -36% | 0% | 19.0× | -3.6% | +0.3% |
| Qinglong Pipes Industry 002457.SZ | China | $507M | -12% | +4% | 6% | n/a | 0.0% | +5.1% |
| Xinjiang Qingsong Building Materials & Chemicals (Group) 600425.SS | China | $833M | -16% | -8% | 9% | 17.3× | 2.0% | +5.1% |
| Fujian Cement 600802.SS | China | $502M | +29% | -22% | -23% | n/a | n/a | n/a |