Environmental Clean Technologies Limited (AU:ECT)
ASX:ECT
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Environmental Clean Technologies Limited
(Sydney:ECT)
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Rating:45Neutral
Price Target:
AU$0.11
▼(-33.13% Downside)
Action:Reiterated
Date:05/28/26
The score is primarily held down by very weak financial performance (near-zero revenue, ongoing losses, negative cash flow) and a deteriorating equity buffer with higher leverage. Technical indicators also point to weak momentum (below key moving averages with negative MACD). Valuation is only neutral because the negative P/E is not meaningfully comparable and there is no dividend yield data.
Positive Factors
Proprietary Coldry technology & licensing model
ECT's core Coldry technology and a license/royalty-focused monetisation strategy create a scalable, capital-light path to revenue if commercialised. A successful licensing model yields recurring royalties and engineering services income, aligning with long-term decarbonization demand for cleaner coal solutions.
Negative Factors
Minimal or no revenue traction
Lack of meaningful revenue over multiple years indicates Coldry has not been commercialised at scale and the licensing model remains unproven. Without demonstrable customer projects and recurring royalties, the business model's long-term sustainability and ability to fund operations are highly uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary Coldry technology & licensing model
ECT's core Coldry technology and a license/royalty-focused monetisation strategy create a scalable, capital-light path to revenue if commercialised. A successful licensing model yields recurring royalties and engineering services income, aligning with long-term decarbonization demand for cleaner coal solutions.
Read all positive factors
Environmental Clean Technologies Limited (ECT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$45.77M
Dividend YieldN/A
Average Volume (3M)1.19M
Price to Earnings (P/E)―
Beta (1Y)1.48
Revenue GrowthN/A
EPS Growth31.86%
CountryAU
Employees53
SectorIndustrials
Sector Strength72
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)-0.02
Shares Outstanding416,089,900
10 Day Avg. Volume600,648
30 Day Avg. Volume1,191,678
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)8.77
Price to Sales (P/S)0.00
P/FCF Ratio-7.37
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
Environmental Clean Technologies Limited Business Overview & Revenue Model
Company Description
Environmental Clean Technologies Ltd. (ECT) specializes in the innovation, development, and market introduction of cutting-edge technologies tailored for Australia's energy and natural resource industries. Its portfolio features COLDry, an advance...
How the Company Makes Money
ECT’s monetisation strategy is primarily based on commercialising its proprietary technologies (particularly Coldry) rather than operating as a conventional producer of energy or mined commodities. The intended revenue streams include: (1) licensi...
Environmental Clean Technologies Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
28
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 257.60K | 0.00 |
| Gross Profit | -745.34K | -1.14M | -1.38M | -1.06M | -1.36M | -321.00K |
| EBITDA | -3.16M | -1.84M | -3.09M | -4.00M | -4.22M | -2.00M |
| Net Income | -4.45M | -3.52M | -3.71M | -4.42M | -5.18M | -1.87M |
Balance Sheet | ||||||
| Total Assets | 23.53M | 3.26M | 5.95M | 8.18M | 11.96M | 6.87M |
| Cash, Cash Equivalents and Short-Term Investments | 3.03M | 478.64K | 762.17K | 1.29M | 4.40M | 1.01M |
| Total Debt | 0.00 | 1.24M | 1.27M | 2.38M | 2.52M | 1.98M |
| Total Liabilities | 1.46M | 2.40M | 2.53M | 4.75M | 4.91M | 5.55M |
| Stockholders Equity | 22.07M | 860.12K | 3.42M | 3.43M | 7.05M | 1.32M |
Cash Flow | ||||||
| Free Cash Flow | -947.61K | -1.02M | -2.90M | -3.00M | -5.58M | -3.66M |
| Operating Cash Flow | -947.62K | -1.02M | -2.71M | -1.60M | -2.35M | -840.89K |
| Investing Cash Flow | 323.53K | -40.00K | -184.02K | -1.37M | -3.13M | -2.23M |
| Financing Cash Flow | 4.43M | 780.96K | 2.37M | -154.41K | 8.87M | 2.98M |
Environmental Clean Technologies 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% | |
58 Neutral | AU$180.48M | 20.99 | 5.98% | 2.95% | -2.87% | -18.36% | |
57 Neutral | AU$15.43M | 8.12 | 13.83% | ― | 3.20% | 85.71% | |
49 Neutral | AU$21.58M | -9.91 | -15.66% | ― | 20.05% | 33.33% | |
45 Neutral | AU$45.77M | -10.76 | -38.77% | ― | ― | 31.86% | |
42 Neutral | AU$5.00M | -1.34 | -41.16% | ― | 308.85% | -44.44% | |
41 Neutral | AU$9.37M | -1.97 | 92.42% | ― | -10.44% | -58.40% |
* Industrials Sector Average
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Environmental Clean Technologies Limited Corporate Events
ECT calls 2026 extraordinary meeting, shifts to digital notices
Jun 17, 2026
Environmental Clean Technologies Limited has called an Extraordinary General Meeting for 17 July 2026 in Melbourne, inviting shareholders to attend in person or participate via proxy. In line with updated Corporations Act provisions, the company w...
Environmental Clean Technologies Calls Extraordinary General Meeting for July 2026
Jun 17, 2026
Environmental Clean Technologies Ltd has called an extraordinary general meeting of shareholders to be held on 17 July 2026 at 10:00am AEST in Melbourne, with the session to take place at Suite 1, Level 6, 350 Collins Street. The company is encour...
Environmental Clean Technologies targets U.S. expansion with planned OTCQB listing
Jun 16, 2026
Environmental Clean Technologies has begun the process to list its shares on the U.S. OTCQB Venture Market under the ticker ECTHF, aiming to start trading in the third quarter of 2026 subject to regulatory approvals. The move, supported by U.S. ad...
ECT launches COLDry commercialisation review and updates Yallourn asset sale
Jun 9, 2026
Environmental Clean Technologies has launched a formal commercialisation review of its COLDry technology, appointing RSM Corporate Australia to deliver an independent commercial and financial assessment. The review will evaluate existing partnersh...
ECT Advances PFAS Destruction Tech and Expands Market Reach With Rice University Deal
Apr 30, 2026
Environmental Clean Technologies has advanced its PFAS destruction technology, reporting successful high-voltage Rapid Electrothermal Mineralisation trials that achieve uniform soil heating to around 1,000°C at kilogram scale without conducti...
Environmental Clean Technologies Options Lapse, Trimming Potential Dilution
Apr 16, 2026
Environmental Clean Technologies has reported the expiry of a tranche of listed options, ECTAB, which carried an exercise price of $0.375 and an expiry date of 30 December 2025. A total of 1,333,334 options lapsed unexercised, resulting in a reduc...
Environmental Clean Technologies Director Increases Indirect Shareholding via On‑Market Trade
Apr 9, 2026
Environmental Clean Technologies has disclosed a change in director Faldi Ismail’s indirect holdings following an on‑market purchase of 500,000 ordinary fully paid shares for about $57,505. This transaction, made through associated ent...
Environmental Clean Technologies Appoints New Company Secretary
Apr 1, 2026
Environmental Clean Technologies Limited has appointed compliance and corporate governance specialist Ju-Yup Lee as its new Company Secretary, effective immediately. Lee, who has more than nine years’ experience working with boards of ASX-li...
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.