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CleanSpace Holdings Ltd. (AU:CSX)
ASX:CSX
Australian Market
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CleanSpace Holdings Ltd. (CSX) AI Stock Analysis

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AU:CSX

CleanSpace Holdings Ltd.

(Sydney:CSX)

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Neutral 46 (OpenAI - 5.2)
Rating:46Neutral
Price Target:
AU$0.39
▼(-42.35% Downside)
Action:Reiterated
Date:06/13/26
The score is primarily weighed down by weak financial performance—ongoing losses, negative returns, and poor cash flow trends—along with a generally bearish technical setup (below key moving averages and negative MACD). Valuation is relatively neutral (P/E 17.5) but does not offset the fundamental and momentum risks.
Positive Factors
High gross margins
A 74.8% gross margin indicates structurally high product-level profitability from pricing and cost dynamics. That margin buffer supports future operating leverage as revenue scales, enabling the company to invest in channels, R&D or margin-improving initiatives while absorbing fixed costs.
Negative Factors
Persistent unprofitability
Ongoing negative EBIT and net margins indicate the business has not yet converted healthy gross margins into operating profitability. Persistent operating losses require continued funding, limit reinvestment from earnings, and raise execution risk around reaching sustainable profit levels.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins
A 74.8% gross margin indicates structurally high product-level profitability from pricing and cost dynamics. That margin buffer supports future operating leverage as revenue scales, enabling the company to invest in channels, R&D or margin-improving initiatives while absorbing fixed costs.
Read all positive factors

CleanSpace Holdings Ltd. (CSX) vs. iShares MSCI Australia ETF (EWA)

CleanSpace Holdings Ltd. Business Overview & Revenue Model

Company Description
CleanSpace Holdings Limited is a global enterprise focused on the design, manufacturing, and sale of personal respiratory protective equipment and related services. The company's advanced solutions serve healthcare professionals and a wide array o...
How the Company Makes Money
CleanSpace Holdings Ltd. primarily makes money by selling respiratory protection hardware and related components through distribution and channel partners to end customers that require respiratory PPE. Key revenue streams include: (1) sales of Cle...

CleanSpace Holdings Ltd. Financial Statement Overview

Summary
Recent revenue growth improved (+12.25%) and gross margin is strong (74.76%), but the business remains unprofitable with negative net and EBIT margins. Balance sheet leverage is moderate (debt-to-equity 0.24) but returns are weak (negative ROE), and cash flow quality is a key concern with weak free cash flow trends and low operating cash flow conversion.
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue20.66M19.76M15.72M12.09M13.36M49.93M
Gross Profit9.47M14.78M11.36M-5.16M9.75M40.27M
EBITDA-606.47K-824.55K-3.49M-10.55M-14.10M17.15M
Net Income1.76M-478.28K-3.13M-8.13M-11.28M11.39M
Balance Sheet
Total Assets26.92M27.57M26.05M28.98M38.36M50.72M
Cash, Cash Equivalents and Short-Term Investments9.83M10.47M9.76M12.16M24.30M38.24M
Total Debt2.89M4.54M3.45M4.00M4.13M4.38M
Total Liabilities5.62M8.41M6.95M7.02M8.60M9.99M
Stockholders Equity21.30M19.16M19.10M21.96M29.75M40.73M
Cash Flow
Free Cash Flow1.78M1.01M-1.76M-11.97M-13.60M11.73M
Operating Cash Flow1.95M1.11M-1.73M-11.96M-13.00M13.46M
Investing Cash Flow-1.17M-778.38K2.00M7.06M-628.00K-14.18M
Financing Cash Flow-461.86K-559.87K-637.10K-211.49K-357.95K16.19M

CleanSpace Holdings Ltd. Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.68
Price Trends
50DMA
0.40
Positive
100DMA
0.46
Negative
200DMA
0.58
Negative
Market Momentum
MACD
<0.01
Negative
RSI
53.81
Neutral
STOCH
61.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CSX, the sentiment is Neutral. The current price of 0.68 is above the 20-day moving average (MA) of 0.38, above the 50-day MA of 0.40, and above the 200-day MA of 0.58, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.81 is Neutral, neither overbought nor oversold. The STOCH value of 61.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:CSX.

CleanSpace Holdings Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
49
Neutral
AU$33.78M-3.98-98.14%14.88%35.94%
46
Neutral
AU$31.74M17.708.71%17.32%
45
Neutral
AU$18.30M-0.42-165.13%23.30%-14.29%
44
Neutral
AU$140.83M-12.89-70.29%-62.15%
42
Neutral
AU$63.03M-3.20-54.48%17.24%-20.00%
40
Underperform
AU$23.94M-1.77-180.06%74.74%4.32%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:CSX
CleanSpace Holdings Ltd.
0.40
-0.12
-23.08%
AU:IPD
Impedimed Limited
0.01
-0.02
-60.00%
AU:CYC
Cyclopharm Limited
0.50
-0.41
-45.05%
AU:MX1
Micro-X Ltd.
0.03
-0.02
-36.00%
AU:EMV
EMvision Medical Devices Ltd.
1.52
-0.23
-12.93%
AU:CBL
Control Bionics Ltd.
0.08
0.05
182.76%

CleanSpace Holdings Ltd. Corporate Events

CleanSpace flags softer FY26 growth but backs long-term respirator demand
May 26, 2026
CleanSpace Holdings has warned that challenging trading conditions and delays in certifying new products in Australia, the U.K. and the U.S. will limit FY26 revenue growth to the low single digits. Demand has been further dampened by macroeconomic...
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: Jun 13, 2026