Austal: More Upside After The Share Price Doubled And A Capital Raise
Source: SeekingAlpha
2025-04-29 05:04:48 ET
Summary
- Austal's stock price has surged 30% since January, driven by strong H1 FY25 earnings and a robust A$14.2 billion backlog.
- Despite risks like currency exposure and high capital intensity, opportunities in defense contracts and increased support demand offer significant growth potential.
- H1 FY25 results show 15% revenue growth to A$826 million, with EBITDA up 21% and EBIT up 32.7%, driven by strong performance in Australasia.
- I maintain a buy rating with a conservative $4.34 price target, offering 32% upside, despite potential future capital raises to fund expansion.
Read the full article on Seeking Alpha
For further details see:
Austal: More Upside After The Share Price Doubled And A Capital Raise
Austal Ltd.
NASDAQ: AUTLF
AUTLF Trading
1.67% G/L:
$3.66 Last:
1,100 Volume:
$3.71 Open:
