Sha.Ax
SHA.AX provides construction and engineering services, primarily generating revenue through project-based contracts in the industrial and commercial sectors.
Business. SHA.AX provides construction and engineering services, primarily generating revenue through project-based contracts in the industrial and commercial sectors.
Analyst recommendations
3 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
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Upcoming catalysts
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
SHA.AX provides construction and engineering services, primarily generating revenue through project-based contracts in the industrial and commercial sectors.
SHA.AX has a debt-to-equity ratio of 0.66, indicating a moderate reliance on debt financing, and a current ratio of 1.14, suggesting limited short-term liquidity cushion. The company's free cash flow is negative at -2.03 million AUD, and capital expenditures are -13.08 million AUD, reflecting ongoing investment in infrastructure or equipment. Despite this, operating cash flow remains positive at 53.17 million AUD, supporting operational flexibility.
Profitability metrics show a return on equity of 57.56% and a return on assets of 7.68%, both exceeding the industry median for construction and engineering firms. This suggests strong asset utilization and equity returns relative to peers. However, the company's net income of 21.12 million AUD is relatively modest compared to its revenue of 956.85 million AUD, indicating a net margin of approximately 2.21%.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and project concentration risk. No specific geographic breakdown is available, but the absence of international revenue reporting implies a domestic focus.
Looking ahead, the company is expected to maintain a stable revenue trajectory, with no significant growth or contraction projected in the current or next fiscal year. Analysts have assigned a mean price target of 8.25 AUD, with a mean recommendation of 1.33, indicating a generally positive outlook. However, the absence of a clear growth driver or new market entry suggests limited upside potential.
Risk factors include a medium liquidity risk due to negative net cash after subtracting total debt, and a low dilution risk as shares outstanding remain unchanged between basic and diluted counts. The company's capital structure is relatively stable, but the negative free cash flow and high operating cash flow suggest a reliance on project-based revenue, which can be volatile.
Recent events include the publication of the latest financial snapshot, which provides updated figures for revenue, operating income, and net income. No recent filings or transcripts have been disclosed that would indicate significant strategic shifts or operational changes.
- SHA.AX generates revenue through project-based construction and engineering services, with a strong return on equity of 57.56%.
- The company's debt-to-equity ratio of 0.66 and current ratio of 1.14 suggest moderate leverage and limited liquidity cushion.
- Analysts project a mean price target of 8.25 AUD, with a generally positive recommendation of 1.33.
- The company's revenue is concentrated in a single segment, with no disclosed geographic diversification.
- Free cash flow is negative at -2.03 million AUD, but operating cash flow remains strong at 53.17 million AUD.
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,36 |
| Revenue | —no estimate | —no estimate | 1,2B AUD |
| Operating income | —no estimate | —no estimate | 41,0M AUD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- SHA.AX Market data — financials · 2026-05-29
- SHAPE Australia Corp Ltd Market data — analyst estimates · 2026-05-29