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$0.34
ā¼(-7.30% Downside)
Action:ReiteratedDate:03/05/26
The score is held back primarily by weak financial qualityāpersistent profitability and cash flow deficitsādespite 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
Recurring operations business model
Owning and operating treatment plants plus recurring operations services creates a durable revenue mix: capital projects generate long-term service contracts and aftermarket revenue. This model supports customer stickiness, predictable maintenance cashflows and potential margin expansion as installed assets scale.
Negative Factors
Persistent unprofitability
Repeated negative EBIT and net margins show the business has not yet converted revenue into sustainable profits. Over the medium term this constrains reinvestment from operations, increases reliance on external funding, and heightens execution risk until margins profile improves.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring operations business model
Owning and operating treatment plants plus recurring operations services creates a durable revenue mix: capital projects generate long-term service contracts and aftermarket revenue. This model supports customer stickiness, predictable maintenance cashflows and potential margin expansion as installed assets scale.
Read all positive factors
Clean TeQ Water Ltd (CNQ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$32.72M
Dividend YieldN/A
Average Volume (3M)68.02K
Price to Earnings (P/E)ā
Beta (1Y)0.43
Revenue Growth>-0.01%
EPS Growth31.60%
CountryAU
Employees23
SectorUtilities
Sector Strength65
IndustryRegulated Water
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding88,440,560
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
Negative
0.37
Price Trends
0.37
Negative
0.37
Negative
0.33
Positive
Market Momentum
>-0.01
Positive
38.38
Neutral
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CNQ, the sentiment is Negative. The current price of 0.37 is below the 20-day moving average (MA) of 0.38, 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 Positive momentum. The RSI at 38.38 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$200.47M | 6.61 | 5.98% | 2.95% | 4.52% | -31.16% | |
58 Neutral | AU$17.08M | 3.47 | -45.61% | ā | 2.69% | -273.87% | |
54 Neutral | AU$78.00M | -82.07 | 6.56% | ā | 13.51% | 5.08% | |
52 Neutral | AU$32.72M | -26.00 | -13.41% | ā | >-0.01% | 31.60% | |
49 Neutral | AU$4.09M | 134.83 | 0.29% | ā | 7.44% | ā |
* Utilities Sector Average
AU:CNQ
Clean TeQ Water Ltd
0.37
0.18
94.74%
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Environmental Group Limited
0.21
-0.04
-14.58%
AU:WAT
Waterco Limited
5.72
-0.38
-6.23%
AU:LPE
Locality Planning Energy Holdings Limited
0.09
-0.03
-22.50%
AU:ERG
Eneco Refresh Limited
0.02
<0.01
50.00%
Clean TeQ Water Ltd Corporate Events
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...
Clean TeQ Water Wins A$665k Engineering Mandate on Sunriseās Syerston Scandium Project
Jan 27, 2026
Clean TeQ Water has secured a A$665,160 engineering services contract from Sunrise Energy Metals to update key design elements for the Syerston Scandium Project in New South Wales, including the continuous Resin-in-Pulp circuits underpinned by its...
Clean TeQ Water Issues 884,277 Unquoted Options Under Existing Arrangements
Jan 20, 2026
Clean TeQ Water has notified the market of the issue of 884,277 unquoted options, effective 20 January 2026. The options form part of previously announced transactions and are not intended to be quoted on the ASX, indicating the company is using u...
Clean TeQ Water Director Increases Indirect Shareholding via Capital Raising
Jan 19, 2026
Clean TeQ Water has disclosed a change in director Peter Voigt’s interests following the issue of additional fully paid ordinary shares under a previously announced capital raising. Through his indirect holding via Thierville Pty Ltd as trus...
Clean TeQ Water Seeks ASX Quotation for 1.35 Million New Shares
Jan 19, 2026
Clean TeQ Water Limited has applied to the ASX for quotation of 1,351,352 new fully paid ordinary shares (ASX code: CNQ), with an issue date of 19 January 2026. The listing of these additional securities, issued under a previously announced transa...
Clean TeQ Water Issues Tranche 2 Shares to Investor Under Approved Placement
Jan 19, 2026
Clean TeQ Water Limited has issued 1,351,352 fully paid ordinary shares at $0.37 per share to investor Peter Voigt under Tranche 2 of a previously announced placement that was approved by shareholders on 15 January 2026. The company confirmed the ...
Clean TeQ Water Shareholders Back Capital Resolutions at Extraordinary Meeting
Jan 15, 2026
Clean TeQ Water Limited has reported the results of its extraordinary general meeting held on 15 January 2026, where shareholders strongly backed three capital-related resolutions. Investors approved the ratification of a prior issue of Tranche 1 ...
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.