ACCENT GROUP LIMITED (AX1)
Share Price Analysis and Chart

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AX1

AX1 - ACCENT GROUP LIMITED

FNArena Sector : Apparel & Footwear
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 1.85
Index: ALL-ORDS

Accent Group is an Australian retailer and distributor of sports and lifestyle footware in Australia and New Zealand. Its stores include Athlete's Foot, Hype DC and Podium Sports. The company listed in 2004.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.75

15 Jun
2026

0.100

OPEN

$0.69

15.38%

HIGH

$0.76

8,840,738

LOW

$0.69

TARGET
$0.72

+0.06 change from previous day

 -4.0% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BBN . BST . CCX . CTT . MYR . PMV . UNI .
FNARENA'S MARKET CONSENSUS FORECASTS
AX1: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 10.1 6.2 xxx
DPS (cps) xxx 7.0 4.2 xxx
EPS Growth xxx - 4.6% - 39.0% xxx
DPS Growth xxx - 46.2% - 40.6% xxx
PE Ratio xxx N/A 12.3 xxx
Dividend Yield xxx N/A 5.5% xxx
Div Pay Ratio(%) xxx 69.2% 67.4% xxx

Dividend yield today if purchased 3 years ago: 3.92%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 9.33

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 05/03 - ex-div 5.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx10.1
DPS All xxxxxxxxxxxxxxx7.0
Sales/Revenue xxxxxxxxxxxxxxx1,470.9 M
Book Value Per Share xxxxxxxxxxxxxxx79.0
Net Operating Cash Flow xxxxxxxxxxxxxxx247.1 M
Net Profit Margin xxxxxxxxxxxxxxx3.92 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx12.90 %
Return on Invested Capital xxxxxxxxxxxxxxx6.82 %
Return on Assets xxxxxxxxxxxxxxx4.80 %
Return on Equity xxxxxxxxxxxxxxx12.90 %
Return on Total Capital xxxxxxxxxxxxxxx10.51 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx158.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx131 M
Long Term Debt xxxxxxxxxxxxxxx404 M
Total Debt xxxxxxxxxxxxxxx536 M
Goodwill - Gross xxxxxxxxxxxxxxx341 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx40 M
Price To Book Value xxxxxxxxxxxxxxx1.76

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx43.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.92 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,165 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx203 M
Research & Development xxxxxxxxxxxxxxx0 M
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.2

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

3

xxxxxxx xx xxxxx-xxxxxx xxxx xxxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

15/06/2026

3

Neutral

$0.65

-13.33%

Citi views Frasers' bid to acquire shares in Accent Group as highly opportunistic, noting no premium is being paid and the current PER multiple of around 6.9x FY27 earnings represents a cyclical trough for the retailer.

The analyst believes the share purchases should provide a lower bound for the share price, with 65c now viewed as a floor valuation. Citi raises its target price to 65c from 60c.

Separately, management at Accent Group has today responded to Frasers Group's latest comments, particularly around board composition, costs and dividends at Accent.

At first glance, Citi considers criticism of chairman Lawrence Myers unfair given his recent appointment and strong governance credentials.

Nonetheless, a more constructive relationship between Frasers and Accent's board is seen as necessary to maximise the potential of the Sports Direct rollout in Australia.

On costs, the analysts note Accent has already outlined a substantial efficiency program targeting gross savings of $40m and store portfolio optimisation initiatives.

Management should be given time to execute these plans, in the broker's view.

Citi reiterates its support for a lower dividend payout ratio and debt reduction, given Accent's gearing is higher than many discretionary retail peers.

FORECAST
Citi forecasts a full year FY26 dividend of 3.80 cents.
Citi forecasts a full year FY27 dividend of 4.40 cents.

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

04/05/2026

3

Neutral

$0.70

-6.67%

Jarden retains a Neutral rating for Accent Group and cuts the target price to $0.70 from $1.20 following a soft trading update.

The broker downgraded FY26 earnings per share forecasts to 6.3c from 7.1c to reflect a -15% cut to second-half underlying EBIT guidance, driven by deteriorating April sales and contracting gross margins.

The report notes recent inflationary pressures and a highly promotional retail environment will create an approximate -$25m earnings headwind into FY27, prompting significant downward revisions across the forecast horizon.

Management is also facing an ongoing ASIC investigation and will look to outline a new cost-out program alongside a broader sales recovery strategy at an upcoming investor day.

FORECAST
Jarden forecasts a full year FY26 dividend of 4.00 cents and EPS of 6.30 cents.
Jarden forecasts a full year FY27 dividend of 4.40 cents and EPS of 6.00 cents.
Access Extra Coverage Research History >

AX1 STOCK CHART

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