CleanSpace Holdings Ltd. (CSX) AI Stock Analysis

• Market Cap: AU$49.38M
• Dividend Yield: N/A
• Average Volume (3M): 39.59K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.62
• Revenue Growth: 25.72%
• EPS Growth: 84.69%
• Country: AU
• Employees: 55
• Sector: Healthcare
• Sector Strength: 45
• Industry: Medical - Devices
• EPS (TTM): >-0.01
• Shares Outstanding: 78,381,560
• 10 Day Avg. Volume: 29,005
• 30 Day Avg. Volume: 39,591
• PEG Ratio: 1.00
• Price to Book (P/B): 2.11
• Price to Sales (P/S): 2.05
• P/FCF Ratio: 40.19
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: AU$0.61 ▼(-3.49% Downside)

CleanSpace Holdings Ltd. is currently facing significant financial and technical challenges. The most impactful factors are the ongoing profitability issues and weak cash flow performance, compounded by bearish technical indicators. The negative P/E ratio and lack of dividend yield further detract from the stock's valuation appeal. Overall, the stock's outlook is cautious, with financial instability and negative market momentum being the primary concerns.

Positive Factors

Revenue Growth

The recent improvement in revenue growth indicates that CleanSpace Holdings is successfully expanding its market reach and product adoption, which is a positive sign for long-term business sustainability.

Product Innovation

CleanSpace's focus on innovation in respiratory protection positions it well to maintain a competitive advantage and capture market share in the safety and industrial equipment sector.

Gross Profit Margin

A strong gross profit margin indicates effective cost management, providing CleanSpace with the ability to reinvest in growth initiatives and maintain financial health over the long term.

Negative Factors

Profitability Issues

Ongoing profitability issues suggest operational challenges that could hinder CleanSpace's ability to generate sustainable profits and limit its financial flexibility.

Weak Cash Flow

Weak cash flow performance indicates difficulties in converting income into cash, which could impact CleanSpace's ability to fund operations and invest in growth opportunities.

Negative Return on Equity

A negative return on equity highlights inefficiencies in utilizing shareholder funds, which may deter potential investors and affect long-term financial stability.

CleanSpace Holdings Ltd. Business Overview & Revenue Model

Company Description

CleanSpace Holdings Limited engages in the design, manufacture, and sale of respirators and related products and services for healthcare and industrial employers worldwide. It offers CleanSpace HALO, a personal respiratory protection for healthcare; CleanSpace ULTRA, a personal respiratory protection for face/eye protection and water tolerance; CleanSpace2, a personal respiratory protection for workers in general industrial environments; and CleanSpace EX for personal protection for people working in explosive environments. The company also provides accessories and consumable products comprising masks, filters, docking stations, cleaning and storage products, car chargers, biohoods, half mask and bio mask exhalation adaptors, unit id panels, mask id badges, mask decal, helmet hook strap, hoods, backpacks, full face mask quantitative fit test, full face mask spectacle kits, visor protectors, head harness, grommet, and spares. It serves mining, welding, construction, laboratory, dental, wastewater, and healthcare and first responder's industries. CleanSpace Holdings Limited was founded in 2009 and is based in St Leonards, Australia.

How the Company Makes Money

CleanSpace Holdings generates revenue primarily through the sale of its respiratory protection equipment and accessories. The company has a diversified revenue model that includes direct sales to customers, distribution partnerships, and contracts with government and healthcare institutions. Key revenue streams consist of product sales, recurring sales from replacement parts and filters, and service agreements for maintenance and training on the use of their equipment. Strategic partnerships with distributors and industry leaders further enhance market reach and contribute to earnings, while ongoing investments in research and development help to innovate and expand their product offerings, attracting new customers and retaining existing ones.

CleanSpace Holdings Ltd. Financial Statement Overview

Summary

CleanSpace Holdings Ltd. faces significant financial challenges, with ongoing profitability issues and weak cash flow performance. While revenue growth has shown recent improvement, the company struggles with negative margins and low returns on equity. The balance sheet is moderately leveraged, providing some stability, but overall financial health remains a concern.

Income Statement

CleanSpace Holdings Ltd. has experienced fluctuating revenue growth, with a recent positive growth rate of 12.25% after a period of decline. However, profitability remains a concern with negative net profit margins and EBIT margins, indicating ongoing operational challenges. The gross profit margin is relatively strong at 74.76%, suggesting effective cost management despite overall losses.

Balance Sheet

The company's debt-to-equity ratio is moderate at 0.24, indicating a balanced approach to leveraging. However, the return on equity is negative, reflecting the company's struggle to generate profits from shareholders' equity. The equity ratio is not provided, but the overall financial stability is moderate with manageable debt levels.

Cash Flow

Cash flow performance is weak, with a significant decline in free cash flow growth. The operating cash flow to net income ratio is low, indicating challenges in converting income into cash. However, the free cash flow to net income ratio is relatively high, suggesting some efficiency in cash management despite overall cash flow issues.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	19.76M	19.76M	15.72M	12.09M	13.36M	49.93M
Gross Profit	14.78M	14.78M	11.36M	-5.16M	9.75M	40.27M
EBITDA	-824.55K	-824.55K	-3.49M	-10.55M	-14.10M	17.15M
Net Income	-478.28K	-478.28K	-3.13M	-8.13M	-11.28M	11.39M
Balance Sheet
Total Assets	27.57M	27.57M	26.05M	28.98M	38.36M	50.72M
Cash, Cash Equivalents and Short-Term Investments	10.47M	10.47M	9.76M	12.16M	24.30M	38.24M
Total Debt	4.54M	4.54M	3.45M	4.00M	4.13M	4.38M
Total Liabilities	8.41M	8.41M	6.95M	7.02M	8.60M	9.99M
Stockholders Equity	19.16M	19.16M	19.10M	21.96M	29.75M	40.73M
Cash Flow
Free Cash Flow	1.01M	1.01M	-1.76M	-11.97M	-13.60M	11.73M
Operating Cash Flow	1.11M	1.11M	-1.73M	-11.96M	-13.00M	13.46M
Investing Cash Flow	-1.04M	-778.38K	2.00M	7.06M	-628.00K	-14.18M
Financing Cash Flow	-533.88K	-559.87K	-637.10K	-211.49K	-357.95K	16.19M

CleanSpace Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.63
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CSX, the sentiment is Negative. The current price of 0.63 is below the 20-day moving average (MA) of 0.65, below the 50-day MA of 0.68, and above the 200-day MA of 0.60, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 39.54 is Neutral, neither overbought nor oversold. The STOCH value of 19.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CSX.

CleanSpace Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%
CBL	51 Neutral	AU$13.43M	-1.63	-103.74%	―	14.84%	39.64%
CYC	50 Neutral	AU$70.02M	-5.38	-31.98%	―	34.20%	-23.90%
IPD	48 Neutral	$76.40M	―	-74.00%	―	23.31%	-17.35%
EMV	44 Neutral	AU$171.94M	-16.13	-70.55%	―	―	-257.32%
CSX	43 Neutral	AU$49.38M	―	-2.50%	―	25.72%	84.69%
MX1	41 Neutral	AU$60.10M	―	-128.19%	―	-14.25%	-22.83%

CleanSpace Holdings Ltd. Corporate Events

CleanSpace Holdings Secures Strong Shareholder Support at 2025 AGM

CleanSpace Holdings Limited announced that all resolutions at their 2025 Annual General Meeting were passed by a poll, reflecting strong shareholder support. This outcome reinforces the company’s strategic direction and commitment to advancing respiratory protection technology, potentially enhancing its position in the industrial and healthcare sectors.

CleanSpace Holdings Highlights FY25 Performance and Strategic Focus

CleanSpace Holdings Limited presented its FY25 AGM CEO presentation, highlighting the company’s financial performance and strategic direction. The presentation emphasized the company’s commitment to maintaining strong operational performance and its focus on innovation to enhance market positioning. Stakeholders were informed about the company’s adherence to International Financial Reporting Standards and the use of non-IFRS measures to provide a clearer understanding of its financial health.

CleanSpace Holdings Announces Quotation of New Securities on ASX

CleanSpace Holdings Limited has announced the quotation of 115,200 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code CSX. This move follows the cessation of transfer restrictions on securities previously issued under an employee incentive scheme, potentially enhancing liquidity and market presence for the company.

CleanSpace Holdings Ltd. Announces 2025 AGM and Key Agenda

CleanSpace Holdings Ltd. has announced its Annual General Meeting (AGM) scheduled for November 28, 2025, where shareholders will review the 2025 Annual Report, including financial, directors’, and auditors’ reports. A key agenda item is the adoption of the Remuneration Report, which will be voted on as a non-binding advisory resolution. The meeting will also address voting exclusions for certain parties, ensuring compliance with the Corporations Act.