ADRAD HOLDINGS LIMITED (AHL)
Share Price Analysis and Chart

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AHL - ADRAD HOLDINGS LIMITED

FNArena Sector : NONE

Year End: June

GICS Industry Group : No Sector

Debt/EBITDA: 2.89

Index:

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$0.635 26 Jun 2025	0.035 OPEN $0.63	5.83% HIGH $0.64	6,667 LOW $0.62

LAST PRICE

CHANGE +/-

CHANGE %

VOLUME

$0.635

26 Jun
2025

0.035

OPEN

$0.63

5.83%

HIGH

$0.64

6,667

LOW

$0.62

TARGET

$0.95

49.6% upside

Franking for last dividend paid out: 100%

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY23 Actual	FY24 Actual	FY25 Forecast	FY26 Forecast
EPS (cps)	xxx	7.4	6.5	xxx
DPS (cps)	xxx	2.9	2.9	xxx
EPS Growth	xxx	- 13.0%	- 11.7%	xxx
DPS Growth	xxx	26.2%	- 1.4%	xxx
PE Ratio	xxx	N/A	10.0	xxx
Dividend Yield	xxx	N/A	4.5%	xxx
Div Pay Ratio(%)	xxx	39.9%	44.6%	xxx

Dividend yield today if purchased 3 years ago: 735.00%

DIVIDEND YIELD CALCULATOR

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: 19/03 - ex-div 1.33c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD

Copyright © 2025 FactSet UK Limited. All rights reserved

Title	2020	2021	2022	2023	2024
EPS Basic	xxx	xxx	xxx	xxx	7.4
DPS All	xxx	xxx	xxx	xxx	2.9
Sales/Revenue	xxx	xxx	xxx	xxx	142.9 M
Book Value Per Share	xxx	xxx	xxx	xxx	148.6
Net Operating Cash Flow	xxx	xxx	xxx	xxx	14.7 M
Net Profit Margin	xxx	xxx	xxx	xxx	4.18 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title	2020	2021	2022	2023	2024
Return on Capital Employed	xxx	xxx	xxx	xxx	5.03 %
Return on Invested Capital	xxx	xxx	xxx	xxx	3.67 %
Return on Assets	xxx	xxx	xxx	xxx	3.14 %
Return on Equity	xxx	xxx	xxx	xxx	5.03 %
Return on Total Capital	xxx	xxx	xxx	xxx	5.73 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	6.9 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	2020	2021	2022	2023	2024
Short-Term Debt	xxx	xxx	xxx	xxx	4 M
Long Term Debt	xxx	xxx	xxx	xxx	44 M
Total Debt	xxx	xxx	xxx	xxx	49 M
Goodwill - Gross	xxx	xxx	xxx	xxx	-
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	16 M
Price To Book Value	xxx	xxx	xxx	xxx	0.48

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title	2020	2021	2022	2023	2024
Capex	xxx	xxx	xxx	xxx	5.4 M
Capex % of Sales	xxx	xxx	xxx	xxx	3.80 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	115 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	18 M
Research & Development	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

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Sentiment Indicator

1.0

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Bell Potter	xx/xx/xxxx	1	xxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Morgans	26/02/2025	1	Downgrade to Speculative Buy from Add	$0.85	33.86%	Morgans notes Adrad’s 1H25 result was weaker than expected, with both revenue and EBITDA missing its forecast. EBITDA margin was down -290bps to 10.5% but cash conversion was strong at 123% vs 105% the year before. Overall, earnings for both divisions were lower despite higher revenue. The company expects revenue growth in 2H but no longer provided guidance for earnings growth. The broker is forecasting FY25 revenue growth of 7% to $152.8m but -5% EBITDA decline to $17.2m. Target price cut to $0.85 from $1.10. The broker believes earnings may be volatile in the short term and therefore has downgraded to Speculative Buy from Add for more risk-tolerant investors. FORECAST Morgans forecasts a full year FY25 dividend of 3.00 cents and EPS of 7.00 cents. Morgans forecasts a full year FY26 dividend of 3.00 cents and EPS of 8.00 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Bell Potter

xx/xx/xxxx

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

26/02/2025

Downgrade to Speculative Buy from Add

$0.85

33.86%

Morgans notes Adrad’s 1H25 result was weaker than expected, with both revenue and EBITDA missing its forecast. EBITDA margin was down -290bps to 10.5% but cash conversion was strong at 123% vs 105% the year before.

Overall, earnings for both divisions were lower despite higher revenue. The company expects revenue growth in 2H but no longer provided guidance for earnings growth.

The broker is forecasting FY25 revenue growth of 7% to $152.8m but -5% EBITDA decline to $17.2m.

Target price cut to $0.85 from $1.10. The broker believes earnings may be volatile in the short term and therefore has downgraded to Speculative Buy from Add for more risk-tolerant investors.

FORECAST
Morgans forecasts a full year FY25 dividend of 3.00 cents and EPS of 7.00 cents.
Morgans forecasts a full year FY26 dividend of 3.00 cents and EPS of 8.00 cents.

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EXTRA COVERAGE

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No. Of Recommendations

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

Dividend Yield Today On Last Actual Payout :	4.52
Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
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ADRAD HOLDINGS LIMITED (AHL)
Share Price Analysis and Chart