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Excelsior Capital Limited
(Sydney:ECL)
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Rating:53Neutral
Price Target:
AU$0.88
▼(-6.60% Downside)
Action:Reiterated
Date:03/24/26
The score is held up by a very strong, low-leverage balance sheet, but is weighed down by deteriorating cash generation and volatile operating results (including a steep FY2025 revenue drop). Technicals are notably bearish (below major moving averages with negative momentum), and valuation is challenged by a very high P/E despite an exceptionally high dividend yield.
Positive Factors
Balance sheet strength
Zero debt and a large equity base provide durable financial flexibility. Over a 2-6 month horizon this supports resilience to further operational volatility, the ability to fund working capital or opportunistic investments without refinancing risk, and preserves strategic optionality.
Negative Factors
Deteriorating cash generation
A reversal to negative operating and free cash flow materially weakens the company's ability to self-fund operations, capital expenditures, and dividends. Over months this elevates execution and liquidity risk, potentially forcing use of reserves or asset sales to bridge gaps.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Zero debt and a large equity base provide durable financial flexibility. Over a 2-6 month horizon this supports resilience to further operational volatility, the ability to fund working capital or opportunistic investments without refinancing risk, and preserves strategic optionality.
Read all positive factors
Excelsior Capital Limited (ECL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$27.40M
Dividend Yield223.2%
Average Volume (3M)1.90K
Price to Earnings (P/E)―
Beta (1Y)0.52
Revenue GrowthN/A
EPS Growth-106.13%
CountryAU
Employees72
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.10
Shares Outstanding28,994,469
10 Day Avg. Volume3,010
30 Day Avg. Volume1,895
Financial Highlights & Ratios
PEG Ratio-0.91
Price to Book (P/B)0.79
Price to Sales (P/S)15.17
P/FCF Ratio-14.18
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
Excelsior Capital Limited Business Overview & Revenue Model
Company Description
Excelsior Capital Limited, founded in 1990 and headquartered in Sydney, Australia (formerly known as CMI Limited until November 2018), operates through two core divisions: Electronics and an Investment Portfolio. Within its Electronics segment, th...
Excelsior Capital Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
86
Very Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.44M | 5.89M | 50.60M | 706.00K | 93.43M | 75.06M |
| Gross Profit | 2.44M | 5.89M | 50.60M | 28.54M | 24.68M | 19.30M |
| EBITDA | 333.00K | 4.33M | 49.34M | 16.28M | 13.30M | 9.58M |
| Net Income | -2.91M | 1.00M | 50.42M | 10.25M | 8.00M | 5.17M |
Balance Sheet | ||||||
| Total Assets | 111.81M | 113.85M | 122.06M | 83.72M | 79.01M | 63.57M |
| Cash, Cash Equivalents and Short-Term Investments | 83.78M | 64.72M | 90.55M | 22.80M | 17.91M | 15.39M |
| Total Debt | 0.00 | 0.00 | 0.00 | 2.68M | 2.28M | 1.63M |
| Total Liabilities | 1.37M | 168.00K | 5.18M | 15.23M | 19.14M | 10.27M |
| Stockholders Equity | 110.44M | 113.68M | 116.88M | 68.49M | 59.86M | 53.30M |
Cash Flow | ||||||
| Free Cash Flow | -2.24M | -6.30M | 8.08M | 9.61M | 5.35M | 1.41M |
| Operating Cash Flow | -2.24M | -6.29M | 8.60M | 10.35M | 5.74M | 1.83M |
| Investing Cash Flow | -13.63M | -15.34M | 63.09M | -2.26M | -622.00K | -2.77M |
| Financing Cash Flow | -2.32M | -4.20M | -3.94M | -3.20M | -2.60M | -2.90M |
Excelsior Capital Limited Technical Analysis
Positive
0.94
Price Trends
0.91
Positive
0.92
Positive
1.17
Negative
Market Momentum
<0.01
Positive
72.35
Negative
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ECL, the sentiment is Positive. The current price of 0.94 is above the 20-day moving average (MA) of 0.93, above the 50-day MA of 0.91, and below the 200-day MA of 1.17, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 72.35 is Negative, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ECL.
Excelsior Capital Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | AU$33.23M | 40.00 | -1.49% | ― | 5.58% | 50.00% | |
54 Neutral | AU$9.62M | -21.88 | -3.38% | 4.00% | -16.92% | -126.67% | |
53 Neutral | AU$27.40M | -9.42 | -2.60% | 224.39% | ― | -106.13% | |
49 Neutral | AU$7.10M | -46.88 | -1.86% | ― | -38.47% | -159.26% | |
41 Neutral | AU$17.48M | 18.00 | 4.83% | 4.24% | 12.88% | -27.60% | |
38 Underperform | AU$3.49M | -0.83 | 296.61% | ― | ― | ― |
* Industrials Sector Average
AU:ECL
Excelsior Capital Limited
0.94
-0.18
-16.37%
AU:SIV
SIV Capital Limited
0.15
0.00
0.00%
AU:PWN
Parkway Corporate Limited
0.01
<0.01
10.00%
AU:EMB
Embelton Limited
8.10
0.30
3.82%
AU:FOS
FOS Capital Ltd
0.14
-0.15
-51.72%
AU:CL8
Carly Holdings Limited
0.01
0.00
0.00%
Excelsior Capital Limited Corporate Events
Excelsior Capital posts June NTA backing of 96.33 cents per share
Jul 14, 2026
Excelsior Capital Limited has reported its net tangible asset (NTA) backing per share as at 30 June 2026 at 96.33 cents, both before and after providing for all income and deferred taxes. The NTA figure is based on unaudited financial reports and ...
Excelsior Capital Wins ASX Waiver to Complete Capital Return Plan
Jul 13, 2026
Excelsior Capital Limited, an ASX-listed investment company established in 1991, has historically managed a diversified investment portfolio for its shareholders. The company is now in the process of winding up its portfolio and realising all asse...
Harvest Lane lifts stake in Excelsior Capital to 12.24%
Jul 1, 2026
Harvest Lane Asset Management and its associated entities have increased their substantial shareholding in Excelsior Capital, lifting their voting power from 11.21% to 12.24%. The change reflects additional acquisitions of ordinary shares, taking ...
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.
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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.