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Butn Limited (AU:BTN)
ASX:BTN
Australian Market

Butn Limited (BTN) AI Stock Analysis

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AU:BTN

Butn Limited

(Sydney:BTN)

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Underperform 38 (OpenAI - 4o)
Rating:38Underperform
Price Target:
AU$0.09
▼(-4.44% Downside)
Butn Limited's overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues and high leverage. The technical analysis further indicates bearish momentum, and the valuation is unattractive due to negative earnings. These factors collectively result in a low overall stock score.
Positive Factors
Innovative Business Model
Butn's focus on innovative invoice financing and working capital management services positions it well in the fintech sector, catering to SMEs' cash flow needs.
Revenue Streams
Diverse revenue streams from transaction fees, service fees, and interest income provide a stable financial foundation and potential for growth.
Partnerships
Strategic partnerships enhance market reach and customer base, supporting long-term revenue growth and competitive positioning.
Negative Factors
High Leverage
High leverage limits financial flexibility and increases risk, challenging the company's ability to manage debt sustainably over time.
Revenue Decline
Severe revenue decline indicates potential market share loss or operational inefficiencies, impacting long-term business viability.
Weak Cash Flow Management
Weak cash flow management constrains the company's ability to reinvest, grow, and meet financial obligations, affecting future stability.

Butn Limited (BTN) vs. iShares MSCI Australia ETF (EWA)

Butn Limited Business Overview & Revenue Model

Company DescriptionButn Limited (BTN) is a financial technology company specializing in providing flexible funding solutions to businesses through innovative invoice financing and working capital management services. Operating primarily in the fintech sector, Butn aims to simplify the cash flow process for small to medium-sized enterprises (SMEs) by offering quick access to funds based on their outstanding invoices and receivables. The company's core products include invoice financing, supply chain financing, and various credit solutions tailored to meet the diverse needs of its clients.
How the Company Makes MoneyButn Limited generates revenue primarily through fees and interest associated with its financing products. The company charges a percentage of the invoice amount as a fee for its invoice financing services, which provides immediate liquidity to SMEs by allowing them to access cash tied up in unpaid invoices. Additionally, Butn earns interest on the funds it provides to clients, further contributing to its revenue. Key revenue streams include transaction fees, service fees for providing financial services, and interest income from financing agreements. Butn also benefits from partnerships with businesses and financial institutions that facilitate access to a broader customer base, enhancing its market reach and revenue potential.

Butn Limited Financial Statement Overview

Summary
Butn Limited faces significant financial challenges, with declining revenues, high leverage, and weak cash flow management. The company needs to address its profitability and leverage issues to improve its financial health and stability.
Income Statement
35
Negative
Butn Limited has experienced significant revenue decline, with a drastic drop in revenue growth rate to -95.54% in the latest period. The company has consistently reported negative net profit margins, indicating ongoing profitability challenges. While the EBITDA margin has improved to 17.41%, the overall profitability remains weak.
Balance Sheet
40
Negative
The company's balance sheet shows high leverage, with a debt-to-equity ratio of 7.49, indicating significant reliance on debt financing. The return on equity is negative, reflecting losses and poor returns for shareholders. The equity ratio is low, suggesting limited equity buffer against liabilities.
Cash Flow
30
Negative
Butn Limited's cash flow position is concerning, with negative free cash flow growth and a low operating cash flow to net income ratio of 0.018. The free cash flow to net income ratio is moderate at 0.55, but overall cash flow management appears weak.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue8.12M333.85K13.49M11.85M5.42M4.55M
Gross Profit8.12M-7.87M13.49M11.87M5.60M1.33M
EBITDA5.81M5.81M-829.98K1.72M-3.64M-2.13M
Net Income-2.66M-2.66M-12.33M-6.53M-8.66M-5.26M
Balance Sheet
Total Assets107.54M107.54M91.27M98.98M77.82M53.30M
Cash, Cash Equivalents and Short-Term Investments20.32M20.32M13.36M14.67M15.78M15.52M
Total Debt91.00M91.00M79.73M79.52M56.35M46.76M
Total Liabilities95.39M95.39M83.16M83.34M59.80M49.70M
Stockholders Equity12.14M12.14M8.11M15.64M18.02M3.60M
Cash Flow
Free Cash Flow1.74M966.21K-3.16M-1.83M-7.09M-4.58M
Operating Cash Flow1.74M1.74M-2.36M-673.74K-3.85M-2.43M
Investing Cash Flow-14.79M-14.79M-2.64M-26.09M-29.48M-3.04M
Financing Cash Flow15.85M15.85M3.65M25.61M33.60M11.06M

Butn Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.09
Price Trends
50DMA
0.09
Negative
100DMA
0.09
Negative
200DMA
0.10
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
47.66
Neutral
STOCH
47.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BTN, the sentiment is Neutral. The current price of 0.09 is above the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.09, and below the 200-day MA of 0.10, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.66 is Neutral, neither overbought nor oversold. The STOCH value of 47.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:BTN.

Butn Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
65
Neutral
AU$55.68M20.003.91%3.76%-6.67%22.09%
58
Neutral
€91.05M16.1715.56%7.92%
52
Neutral
AU$104.14M15.2012.72%-0.51%
42
Neutral
AU$47.85M-6.54-19.44%-2.35%13.33%
42
Neutral
AU$89.11M-1.32-42.59%-9.56%-392.31%
38
Underperform
AU$34.60M-9.58-26.29%8.28%84.45%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:BTN
Butn Limited
0.09
<0.01
12.50%
AU:HMY
Harmoney Corp Ltd
0.87
0.49
125.97%
AU:WZR
Wisr Ltd.
0.03
<0.01
50.00%
AU:PNC
Pioneer Credit Ltd
0.68
0.12
21.43%
AU:EPY
EarlyPay Limited
0.21
<0.01
5.00%
AU:MME
MoneyMe Ltd.
0.11
-0.05
-31.25%

Butn Limited Corporate Events

Butn Limited Announces Proposed Securities Issue
Nov 21, 2025

Butn Limited has announced a proposed issue of 1,875,000 ordinary fully paid securities, set to be issued on December 19, 2025. This move is part of a placement or other type of issue, which could potentially impact the company’s market positioning by increasing its capital base, thereby enabling further growth and expansion opportunities.

Butn Limited Successfully Passes All Resolutions at 2025 AGM
Nov 20, 2025

Butn Limited announced that all resolutions proposed at its 2025 Annual General Meeting were successfully carried out by poll. This outcome reflects strong shareholder support and may positively influence Butn’s strategic initiatives and operational plans, further solidifying its position in the B2B funding industry.

Butn Limited Discloses Long Equity Derivative Positions
Oct 30, 2025

Butn Limited has announced the receipt of a notice from Regal Funds Management Asia Pte Limited concerning long equity derivative positions as per the Australian Takeovers Panel Guidance Note 20. This disclosure highlights the transparency in Butn’s financial dealings and may impact its market positioning by providing stakeholders with insights into equity derivative positions held by investment managers. The announcement underscores the importance of disclosure in maintaining market integrity and could influence investor perceptions and decisions.

Butn Limited Converts Performance Rights into Ordinary Shares
Oct 28, 2025

Butn Limited has announced the conversion of 300,000 unlisted performance rights into fully paid ordinary shares. This move signifies the company’s compliance with relevant provisions of the Corporations Act and reflects its ongoing commitment to enhancing shareholder value. The issuance of these shares without disclosure under Part 6D.2 of the Corporations Act suggests a strategic effort to strengthen its financial position and market presence.

Butn Limited Announces Quotation of New Securities on ASX
Oct 28, 2025

Butn Limited has announced the quotation of 300,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of October 28, 2025. This move is part of the company’s strategic efforts to enhance its market presence and provide additional value to its stakeholders by expanding its capital base.

Butn Limited Announces 2025 AGM Details
Oct 1, 2025

Butn Limited has announced its 2025 Annual General Meeting (AGM) will be held on November 20, 2025, at its office in Balaclava, Victoria. Shareholders are encouraged to attend in person and submit their voting forms in advance. The company will not send physical copies of the meeting notice unless requested, with documents available online.

Butn Limited Announces Change of Business Address
Oct 1, 2025

Butn Limited has announced a change in its principal place of business to Suite 22/3rd Floor, 21-23 William St, Balaclava, VIC 3183. This move is part of the company’s ongoing efforts to streamline its operations and maintain its position as a leading B2B funder in Australia. The change is expected to enhance Butn’s operational efficiency and support its mission to provide quick and effective cashflow solutions to SMEs, potentially impacting its stakeholders positively.

Butn Limited Announces Cessation of Securities
Oct 1, 2025

Butn Limited announced the cessation of 1,750,000 options expiring on November 14, 2028, due to the lapse of conditional rights as the conditions were not met. This cessation may impact the company’s capital structure and could influence investor perceptions regarding the company’s future financial strategies.

Butn Limited Director Acquires Shares, Signaling Strategic Interest
Sep 22, 2025

Butn Limited announced a change in the director’s interest, with Stanley Gordon acquiring 150,000 ordinary fully paid shares through an on-market trade valued at $16,500. This acquisition reflects a strategic move that may influence the company’s governance and stakeholder confidence, potentially impacting its market positioning.

Butn Limited Announces 2025 AGM Date and Director Nomination Deadline
Sep 17, 2025

Butn Limited announced that its 2025 Annual General Meeting will be held on November 20, 2025. Shareholders will receive further details in a separate notice, and director nominations must be submitted by October 2, 2025. This announcement is part of Butn’s ongoing commitment to transparency and governance, potentially impacting shareholder engagement and corporate governance practices.

Butn Limited Appoints New Director, Stanley Gordon
Sep 17, 2025

Butn Limited announced the appointment of Stanley Gordon as a new director, effective September 17, 2025. The notice indicates that Mr. Gordon currently holds no securities or interests in the company, highlighting a fresh leadership perspective. This appointment could potentially influence the company’s strategic direction and strengthen its governance structure, impacting stakeholders positively.

Butn Limited Announces Director Change and Securities Disclosure
Sep 17, 2025

Butn Limited announced the cessation of Walter Rapoport as a director, effective September 17, 2025. The company disclosed Rapoport’s interests in securities, including ordinary shares and unlisted options, as part of regulatory requirements. This change in directorship may influence the company’s strategic direction and stakeholder relations, given Rapoport’s significant holdings in the company.

Butn Limited Appoints New Company Secretary
Sep 12, 2025

Butn Limited has announced the appointment of Michael Carruthers as the new Company Secretary, following the resignation of Dean Berelowitz, who will now focus on his role as Head of Finance. Carruthers brings over a decade of experience in accounting and company secretarial services for ASX-listed companies, enhancing Butn’s operational capabilities and ensuring smooth communication with the ASX. This change is expected to bolster Butn’s corporate governance and support its strategic initiatives in the B2B funding industry.

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.Date of analysis: Nov 01, 2025