All You Need To Know About Austal Limited

Austal Limited (ASX: ASB) ended the session on November 30, 2018 on the positive note. On the same day, the company came forward and issued a press release which contains the information related to the Guardian Class Patrol Boat or GCPB. The company stated that delivery to Australian Department of Defence of the first Guardian Class Patrol Boat has been made. In the handover ceremony, the Guardian Class Patrol Boat was presented to the government of Papua New Guinea or PNG. The company reflected positive views in regard to the program delivery. As per the company, the Guardian Class Patrol Boat has managed to bring more than 200 employees of the company along with their skills together. There is a probability that 200 more people can be employed via construction, design as well as sustainment process.Â

In the press release which was released, it was mentioned that Guardian Class Patrol Boat happens to be the newest evolution in regard to the company’s patrol boat platform. Additionally, this platform came out approximately twenty years ago. From the year 1998, the company has managed to give 32 patrol boats to the Australia. As per the press release, in regard to the Australia as well as around the world, the company has already delivered, or it possess orders of 97 patrol boats.

In FY 2018, Austal Limited generated net profit after tax or NPAT amounting to $39 million in FY 2018 which implies the YoY growth of 155%. The company had earlier reflected favorable views in regard to the FY 2018 results and stated that the robust performance with respect to the NPAT was witnessed because of the strong performance in regard to the US Navy shipbuilding programs. The company also reflected favorable views in regard to the cash as well as capital management. The company ended FY 2018 with $162 million cash balance representing a rise on the YoY basis; and as in FY 2017, the cash balance was $150.5 million. Because of the robust cash flow position, the company managed to declare dividend per share amounting to 5 cents. Of these 5 cents, 3 cents happen to be the final dividend while the remaining 2 cents represents the interim one. However, on the back of strong cash position, financing of the ElectraWatch acquisition as well as repayment with respect to US$4.5 million in regard to the Go Zone Bonds was also done. However, with the help of the existing cash, the expansion of the facility in Australia as well as Asia was also financed.

On November 30, 2018, the stock price of Austal Limited closed at A$1.855 per share which implies that the stock has witnessed the rise of A$0.035 per share or 1.923% on the intraday basis. However, the company has a market capitalization of $640.63 million and Austal Limited’s stock price was trading towards the higher range. However, the annual dividend yield of Austal Limited stood at 2.75%. Over the period of one month, the stock has delivered the return of 2.82%.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK