Clean TeQ Water Ltd (AU:CNQ)
ASX:CNQ
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Clean TeQ Water Ltd
(Sydney:CNQ)
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Rating:52Neutral
Price Target:
AU$0.37
▲(1.08% Upside)
Action:ReiteratedDate:03/05/26
The score is held back primarily by weak financial quality—persistent profitability and cash flow deficits—despite strong revenue growth and a low-leverage balance sheet. Technicals are a meaningful offset as the stock is in an uptrend with positive momentum, while valuation remains pressured due to the negative P/E.
Positive Factors
Revenue Growth
Sustained strong top-line growth indicates expanding product adoption across mining, industrial and municipal customers. Durable revenue expansion supports scale economies, backlog conversion and longer-term contract opportunities that can underpin eventual margin improvement and higher fixed-cost absorption.
Negative Factors
Persistent Losses
Continued negative EBIT and net margins show the business has not yet converted revenue growth into profitability. This reduces internal cash generation, delays self-funded scale and increases dependence on external capital for investment and working capital over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained strong top-line growth indicates expanding product adoption across mining, industrial and municipal customers. Durable revenue expansion supports scale economies, backlog conversion and longer-term contract opportunities that can underpin eventual margin improvement and higher fixed-cost absorption.
Read all positive factors
Clean TeQ Water Ltd (CNQ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$34.50M
Dividend YieldN/A
Average Volume (3M)68.02K
Price to Earnings (P/E)―
Beta (1Y)0.41
Revenue Growth92.76%
EPS Growth82.58%
CountryAU
Employees23
SectorUtilities
Sector Strength65
IndustryRegulated Water
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding88,463,135
10 Day Avg. Volume56,450
30 Day Avg. Volume68,023
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)3.52
Price to Sales (P/S)1.25
P/FCF Ratio-4.86
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)N/A
Revenue Forecast (FY)N/A
Clean TeQ Water Ltd Business Overview & Revenue Model
Company Description
Clean TeQ Water Limited provides metals recovery and water treatment solutions for governments and companies. The company offers technology solutions in the areas of continuous ionic filtration, membrane free desalination, chemical free recovery r...
How the Company Makes Money
null...
Clean TeQ Water Ltd Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
50
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 16.57M | 11.50M | 11.50M | 12.34M | 11.35M |
| Gross Profit | 2.41M | 294.59K | -3.49M | -3.24M | -7.77M |
| EBITDA | 666.68K | -1.92M | -5.49M | -5.00M | -10.96M |
| Net Income | -900.81K | -3.04M | -4.28M | -5.49M | -11.06M |
Balance Sheet | |||||
| Total Assets | 16.94M | 12.35M | 13.38M | 12.53M | 12.59M |
| Cash, Cash Equivalents and Short-Term Investments | 5.58M | 2.52M | 2.15M | 4.63M | 5.90M |
| Total Debt | 1.59M | 2.77M | 343.30K | 343.15K | 24.98K |
| Total Liabilities | 7.72M | 8.37M | 5.80M | 4.54M | 3.85M |
| Stockholders Equity | 9.34M | 4.09M | 7.58M | 7.99M | 8.74M |
Cash Flow | |||||
| Free Cash Flow | -1.10M | -2.96M | -3.83M | -5.79M | -10.63M |
| Operating Cash Flow | -1.02M | -2.86M | -3.80M | -5.56M | -10.44M |
| Investing Cash Flow | 1.07M | 203.97K | -28.44K | -224.91K | 16.28M |
| Financing Cash Flow | 3.99M | 2.35M | 1.17M | 4.87M | -268.82K |
Clean TeQ Water Ltd Technical Analysis
Positive
0.37
Price Trends
0.37
Negative
0.37
Positive
0.33
Positive
Market Momentum
>-0.01
Negative
50.74
Neutral
63.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CNQ, the sentiment is Positive. The current price of 0.37 is above the 20-day moving average (MA) of 0.37, below the 50-day MA of 0.37, and above the 200-day MA of 0.33, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.74 is Neutral, neither overbought nor oversold. The STOCH value of 63.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CNQ.
Clean TeQ Water Ltd Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
58 Neutral | AU$190.99M | 6.61 | 5.98% | 2.95% | -2.87% | -18.36% | |
58 Neutral | AU$16.62M | 3.47 | -45.61% | ― | -2.45% | -211.48% | |
54 Neutral | AU$83.71M | -82.07 | 6.56% | ― | 9.57% | -21.00% | |
52 Neutral | AU$34.50M | -26.00 | -13.41% | ― | 92.76% | 82.58% | |
49 Neutral | AU$3.54M | 134.83 | 0.29% | ― | 6.55% | ― |
* Utilities Sector Average
AU:CNQ
Clean TeQ Water Ltd
0.39
0.21
110.81%
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Environmental Group Limited
0.22
-0.01
-4.35%
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Waterco Limited
5.45
-0.77
-12.45%
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Locality Planning Energy Holdings Limited
0.09
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AU:ERG
Eneco Refresh Limited
0.01
<0.01
8.33%
Clean TeQ Water Ltd Corporate Events
Clean TeQ Water Delivers Strong Quarter on Project Execution and Cash Flow
Apr 29, 2026
Clean TeQ Water reported one of its busiest quarters, driven by execution of previously secured contracts and strengthening cash flow. The company was awarded a A$10.4 million Phase 2 DESALX contract with Nyrstar in Belgium, reached practical comp...
Clean TeQ Water Seeks ASX Quotation for Additional Ordinary Shares
Apr 27, 2026
Clean TeQ Water Limited has applied to the ASX for quotation of 2,150 new ordinary fully paid shares, with an issue date of April 27, 2026. The modest size of the issuance suggests a routine exercise or conversion of existing securities rather tha...
Clean TeQ Water Seeks ASX Quotation for Additional Ordinary Shares
Apr 16, 2026
Clean TeQ Water Ltd has applied to the ASX for quotation of 19,354 new ordinary fully paid shares, to be traded under its existing ticker CNQ. The additional securities arise from the exercise or conversion of existing options or other convertible...
Clean TeQ Water Seeks ASX Quotation for Additional Ordinary Shares
Apr 10, 2026
Clean TeQ Water has applied to the ASX for quotation of 1,075 new ordinary fully paid shares, following the issue of these securities on 10 April 2026. The small share issuance, arising from the exercise or conversion of existing options or other ...
Clean TeQ Water Reports Lapse of 84,123 Performance Rights
Apr 9, 2026
Clean TeQ Water has notified the market that 84,123 performance rights, listed under the ASX code CNQAP and expiring on various dates, have lapsed after the underlying conditions were not met or became incapable of being satisfied as of 31 March 2...
Clean TeQ Water Sets April 2026 Expiry for Listed Options
Mar 30, 2026
Clean TeQ Water has notified holders of its listed options that the securities, exercisable at $0.45 each, will expire at 5:00pm AEST on 30 April 2026, with ASX quotation to cease on 24 April 2026. Option holders may choose to exercise their optio...
Clean TeQ Water Doubles Revenue and Narrows Loss in Strong Half-Year Result
Feb 27, 2026
Clean TeQ Water reported a strong improvement in its financial performance for the half-year ended 31 December 2025, with revenue from continuing operations rising 120% to $9.3 million on the back of increased project delivery. The company reduced...
Clean TeQ Water Wins A$10.4m Phase 2 DESALX Contract with Nyrstar in Belgium
Feb 26, 2026
Clean TeQ Water has secured a Phase 2 execution contract worth about €6.14 million (~A$10.4 million) from Nyrstar to deliver a full-scale DESALX wastewater treatment system at the Nyrstar Balen operations in Belgium. The deal follows success...
Clean TeQ Water Hits Performance Milestone at Heathgate Uranium Plant
Feb 24, 2026
Clean TeQ Water has completed performance testing and commissioning of its CLEAN-IX® U-Column uranium processing plant for Heathgate Resources in South Australia, confirming that the system met or exceeded targets for higher uranium grades an...
Clean TeQ Water Issues Q2 FY26 Update Focused on Forward-Looking Risk Disclosures
Feb 3, 2026
Clean TeQ Water has issued a Q2 FY26 shareholder update focused primarily on cautionary disclosures rather than operational or financial developments. The company emphasises that the document is not a disclosure prospectus or an offer to acquire s...
Clean TeQ Water Seeks ASX Quotation for Small Parcel of New Shares
Feb 2, 2026
Clean TeQ Water Limited has applied to the ASX to quote 2,150 new fully paid ordinary shares, issued on 2 February 2026, under its ticker code CNQ. The relatively small issuance arises from the exercise or conversion of existing options or other c...
Clean TeQ Water to Brief Investors in Webinar on Business Outlook
Feb 2, 2026
Clean TeQ Water Limited has invited shareholders and investors to a Zoom webinar on 3 February 2026, during which CEO and Managing Director Peter Voigt will provide a business update, review quarterly highlights, discuss project developments, and ...
Clean TeQ Water Accelerates Global Rollout of Ion Exchange Technologies and Bolsters Balance Sheet
Jan 30, 2026
In the December 2025 quarter, Clean TeQ Water reported strong operational momentum, highlighted by a US$12.5 million MBIX contract for Rio Tinto’s Rincon Lithium Project in Argentina, new engineering mandates for scandium production with Sun...
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.