AnteoTech Ltd (AU:ADO)
ASX:ADO
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AnteoTech Ltd
(Sydney:ADO)
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Rating:48Neutral
Price Target:
AU$0.03
▲(30.00% Upside)
Action:Reiterated
Date:06/03/26
Overall score is held down primarily by weak financial performance (ongoing losses, high revenue volatility, and negative cash flows). Technical indicators are supportive with clear upward momentum, but valuation support is limited due to negative earnings and no dividend yield data.
Positive Factors
Proprietary surface-chemistry technology
AnteoTech’s proprietary surface functionalisation technology provides a durable technical moat across diagnostics and battery materials. IP-based capability enables embedding into partner products, supports licensing and product sales, and underpins recurring revenue streams as partners validate and scale adoption.
Negative Factors
Persistent unprofitability and negative margins
Ongoing negative net, EBIT and EBITDA margins indicate the business has not yet achieved scalable unit economics. Persistent losses erode equity, limit internal funding for growth, and increase dependency on external capital, constraining long-term reinvestment and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary surface-chemistry technology
AnteoTech’s proprietary surface functionalisation technology provides a durable technical moat across diagnostics and battery materials. IP-based capability enables embedding into partner products, supports licensing and product sales, and underpins recurring revenue streams as partners validate and scale adoption.
Read all positive factors
AnteoTech Ltd (ADO) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$84.75M
Dividend YieldN/A
Average Volume (3M)1.47M
Price to Earnings (P/E)―
Beta (1Y)1.74
Revenue Growth-45.25%
EPS Growth40.54%
CountryAU
Employees224
SectorHealthcare
Sector Strength45
IndustryMedical - Specialties
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding3,259,767,300
10 Day Avg. Volume1,501,441
30 Day Avg. Volume1,471,917
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)10.79
Price to Sales (P/S)35.07
P/FCF Ratio-5.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$1.70M
AnteoTech Ltd Business Overview & Revenue Model
Company Description
AnteoTech Limited develops, manufactures, commercializes, and distributes products for clean energy technology and life science markets primarily in Australia, Asia, Europe, and North America. The company’s products include AnteoBind, a metal-ion ...
How the Company Makes Money
AnteoTech makes money primarily by commercialising its proprietary nanomaterial/surface-chemistry technologies into products and by partnering with third parties that embed its technology into their workflows and end-products. Key revenue streams ...
AnteoTech Ltd Financial Statement Overview
Summary
Income Statement
30
Negative
Balance Sheet
40
Negative
Cash Flow
35
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -995.80K | 968.88K | 460.40K | 365.72K | 760.88K | 898.07K |
| Gross Profit | -1.55M | 968.88K | 460.40K | 365.72K | 760.88K | 898.07K |
| EBITDA | -5.66M | -7.96M | -11.57M | -12.35M | -12.07M | -7.18M |
| Net Income | -3.69M | -6.76M | -8.88M | -12.65M | -10.72M | -6.22M |
Balance Sheet | ||||||
| Total Assets | 4.85M | 6.45M | 9.38M | 5.36M | 15.26M | 23.68M |
| Cash, Cash Equivalents and Short-Term Investments | 1.44M | 2.34M | 5.03M | 2.72M | 10.10M | 21.39M |
| Total Debt | 2.85M | 1.96M | 2.31M | 1.31M | 1.03M | 1.28M |
| Total Liabilities | 2.82M | 3.30M | 4.08M | 2.99M | 2.91M | 2.56M |
| Stockholders Equity | 2.03M | 3.15M | 5.31M | 2.38M | 12.36M | 21.11M |
Cash Flow | ||||||
| Free Cash Flow | -2.90M | -6.05M | -7.58M | -8.77M | -11.77M | -4.76M |
| Operating Cash Flow | -2.82M | -5.83M | -6.52M | -8.08M | -8.65M | -4.55M |
| Investing Cash Flow | -118.14K | -174.87K | -1.06M | -690.83K | -3.12M | -213.07K |
| Financing Cash Flow | -704.07K | 3.32M | 9.89M | 1.39M | 482.29K | 22.94M |
AnteoTech Ltd Technical Analysis
Positive
0.02
Price Trends
0.02
Positive
0.02
Positive
0.02
Positive
Market Momentum
<0.01
Positive
58.83
Neutral
58.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ADO, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 58.83 is Neutral, neither overbought nor oversold. The STOCH value of 58.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ADO.
AnteoTech Ltd Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
52 Neutral | AU$68.95M | -12.86 | -258.19% | ― | 9.28% | -40.00% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
48 Neutral | AU$84.75M | -86.67 | -142.30% | ― | -45.25% | 40.54% | |
47 Neutral | AU$292.55M | -90.26 | -15.96% | ― | 364.97% | 74.50% | |
46 Neutral | AU$64.14M | -6.04 | -62.49% | ― | ― | -13.64% | |
44 Neutral | AU$17.76M | -1.60 | -93.66% | ― | -23.71% | -16.02% | |
41 Neutral | AU$2.92M | -0.33 | -179.37% | ― | ― | 24.59% |
* Healthcare Sector Average
AU:ADO
AnteoTech Ltd
0.03
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100.00%
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AnteoTech Ltd Corporate Events
AnteoTech Issues 168m New Shares Under Option Underwriting
Jun 4, 2026
AnteoTech Ltd has issued 168,302,253 fully paid ordinary shares at $0.035 each following the underwriting of its listed ADOO options, raising additional equity capital. The company has confirmed the shares were issued without a prospectus under th...
AnteoTech Seeks ASX Quotation for 168 Million New Shares
Jun 4, 2026
AnteoTech Ltd has applied for quotation on the ASX of 168,302,253 new ordinary fully paid shares under its code ADO, with an issue date of 5 June 2026. The securities form part of a previously announced transaction detailed in an earlier Appendix ...
AnteoTech Seeks ASX Quotation for 118 Million New Shares
Jun 1, 2026
AnteoTech Ltd has applied to the ASX for quotation of 118,326,435 new fully paid ordinary shares under its ticker ADO, with an issue date of 2 June 2026. The move expands the company’s quoted share capital base, signalling a significant capi...
AnteoTech plans major share placement to raise new equity capital
May 29, 2026
AnteoTech Ltd has notified the ASX of a proposed issue of up to 214,285,714 ordinary fully paid shares under a placement or similar capital-raising structure. The new securities are expected to be issued on June 5, 2026, pending quotation and stan...
AnteoTech Secures Underwriting Deal for Up to $10m Option Exercise
May 29, 2026
AnteoTech has secured an underwriting agreement with MST Financial Services to backstop the exercise of up to 214,285,714 listed ADOO options at $0.035 each, ensuring the company can raise at least about $7.5 million and up to roughly $10 million ...
AnteoTech taps Cosmo Bio to drive Japanese immunoassay expansion
May 27, 2026
AnteoTech has appointed Tokyo Stock Exchange-listed Cosmo Bio as a non-exclusive distributor for its AnteoBind and related life sciences products in Japan, immediately expanding its reach into universities, public research institutes and diagnosti...
AnteoTech strikes South Korean battery separator pact to boost global reach
May 26, 2026
AnteoTech has signed a strategic collaboration and sales term sheet with South Korea’s Xerabrid Corporation to combine its Anteo S cross-linking separator additive with Xerabrid’s ceramic-coated separator technology. The partners aim t...
AnteoTech’s Ultranode 95 Anode Wins Key U.S. Validation for Drone-Ready Batteries
May 21, 2026
AnteoTech has secured independent third-party validation of its Ultranode™ 95 high-silicon anode in 5 Ah multi-layer pouch cells at the U.S.-based Battery Innovation Centre, confirming commercial scalability and strong manufacturability. The...
AnteoTech options lapse, trimming future dilution risk
May 11, 2026
AnteoTech Ltd has confirmed the expiry of two tranches of listed options without exercise, resulting in the cessation of 10,075,000 options from its capital structure. The expired options, with exercise prices of $0.048 and original expiry dates i...
AnteoTech Warns Holders on Imminent Expiry of 286.6m Listed Options
May 5, 2026
AnteoTech Ltd has notified holders of its ASX-listed options (ticker ADOO) that these securities, exercisable at $0.035, will expire on 31 May 2026, and their official quotation will cease on 25 May 2026. Option holders must submit a valid exercis...
AnteoTech advances battery and diagnostics commercialisation with new validations and CLIA partnership
Apr 20, 2026
AnteoTech reported a March 2026 quarter centred on commercial execution, with record product sample dispatches, expanded participation in global industry forums and steady progress in converting its enlarged sales pipeline. In Advanced Battery Tec...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.