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Emeco Holdings Limited
(Sydney:EHL)
Emeco Holdings Limited (EHL) vs. iShares MSCI Australia ETF (EWA)
Emeco Holdings Limited Business Overview & Revenue Model
Emeco Holdings Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 785.35M | 785.35M | 822.73M | 874.92M | 754.37M | 620.53M |
| Gross Profit | 342.29M | 455.96M | 464.32M | 179.65M | 178.91M | 167.48M |
| EBITDA | 287.99M | 290.35M | 258.19M | 224.52M | 244.31M | 236.44M |
| Net Income | 75.14M | 75.14M | 52.66M | 41.33M | 64.95M | 20.70M |
Balance Sheet | ||||||
| Total Assets | 1.25B | 1.25B | 1.17B | 1.09B | 1.02B | 1.06B |
| Cash, Cash Equivalents and Short-Term Investments | 126.36M | 126.36M | 78.27M | 46.67M | 60.16M | 74.72M |
| Total Debt | 321.33M | 321.33M | 358.74M | 322.65M | 301.06M | 299.21M |
| Total Liabilities | 532.18M | 532.18M | 537.52M | 498.98M | 454.29M | 528.96M |
| Stockholders Equity | 714.82M | 714.82M | 637.24M | 589.44M | 567.22M | 531.41M |
Cash Flow | ||||||
| Free Cash Flow | 92.00M | 92.00M | 22.22M | 26.98M | 50.73M | 51.46M |
| Operating Cash Flow | 253.78M | 253.78M | 237.17M | 206.39M | 221.15M | 205.62M |
| Investing Cash Flow | -149.18M | -149.18M | -201.43M | -180.88M | -169.87M | -149.56M |
| Financing Cash Flow | -56.50M | -56.50M | -4.13M | -38.99M | -65.69M | -179.47M |
Emeco Holdings Limited Technical Analysis
Emeco Holdings Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$1.41B | 39.31 | 25.18% | 0.57% | 36.30% | 82.20% | |
71 Outperform | AU$721.61M | 20.77 | 50.61% | 5.24% | 12.96% | 8.19% | |
71 Outperform | AU$63.18M | 2.90 | 19.72% | 1.18% | 2.05% | 259.95% | |
70 Neutral | AU$465.28M | 15.93 | 8.00% | 4.73% | -9.67% | -6.49% | |
69 Neutral | AU$338.04M | 14.33 | 16.13% | 5.71% | 25.14% | -14.54% | |
68 Neutral | AU$694.09M | 9.17 | 10.86% | ― | -4.54% | 43.24% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
Emeco Holdings Limited Corporate Events
Emeco Holdings has advised that Managing Director Ian Testrow has undertaken an off-market transaction to reorganise some of his fully vested shareholdings in the company, without changing his overall interest in Emeco shares. The company emphasised that Testrow has no intention of disposing of his holdings and remains fully committed to Emeco and the execution of its growth strategy, signalling management stability and continued leadership alignment with shareholders’ interests.
The most recent analyst rating on (AU:EHL) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Emeco Holdings Limited stock, see the AU:EHL Stock Forecast page.
Emeco Holdings has disclosed a change in the indirect interests of managing director Ian Testrow, with shares previously held for his benefit in the company’s managed plan by Pacific Custodians Pty Ltd being transferred to Ms Jodie Testrow as trustee for the Jod & E Trust. The notice outlines Testrow’s substantial existing holdings in fully paid ordinary shares and performance rights but confirms that no new securities were acquired or disposed of in the transaction, suggesting an internal restructuring of personal and trust arrangements rather than a change in his overall economic exposure to the company, with limited immediate implications for other shareholders.
The most recent analyst rating on (AU:EHL) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Emeco Holdings Limited stock, see the AU:EHL Stock Forecast page.
Emeco Holdings Limited has advised the market that 315,246 new ordinary fully paid shares have been issued following the exercise or conversion of previously unquoted options or other convertible securities. The additional shares, dated 9 December 2025, incrementally expand the company’s listed equity base, modestly diluting existing holders while signalling the crystallisation of value from past incentive or financing arrangements.
The most recent analyst rating on (AU:EHL) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Emeco Holdings Limited stock, see the AU:EHL Stock Forecast page.
Emeco Holdings Limited reported a strong financial performance for FY25 with a revenue of $785 million and an operational EBITDA of $301 million. The company maintains a robust balance sheet with low leverage and operates across all key mining regions in Australia, managing over 260 projects. This solid performance underlines Emeco’s leading position in the mining equipment rental industry and its strategic focus on enhancing service offerings to support its growth and stakeholder interests.
The most recent analyst rating on (AU:EHL) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Emeco Holdings Limited stock, see the AU:EHL Stock Forecast page.
Emeco Holdings Limited has successfully refinanced its long-term debt facilities, securing a new 5-year A$355 million revolving syndicated debt facility with improved pricing and terms. This new facility, which replaces an existing $100 million facility and will retire $250 million in Australian Medium Term Notes, enhances Emeco’s funding capability, supporting its core rental and equipment maintenance businesses while providing flexibility for future growth. The refinancing was oversubscribed, indicating strong market confidence in Emeco’s financial health and business model, and aligns with the company’s strategy of operational excellence and capital discipline.
The most recent analyst rating on (AU:EHL) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Emeco Holdings Limited stock, see the AU:EHL Stock Forecast page.
Emeco Holdings Limited announced a change in the director’s interest, specifically regarding Ian Testrow’s holdings. The change involves the issuance and vesting of performance rights under the company’s incentive plans, which were approved at the 2025 AGM. This adjustment reflects the company’s ongoing commitment to aligning executive incentives with shareholder interests, potentially impacting the company’s governance and stakeholder relations.
The most recent analyst rating on (AU:EHL) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Emeco Holdings Limited stock, see the AU:EHL Stock Forecast page.
Emeco Holdings Limited has announced the cessation of Sarah Elizabeth Adam-Gedge as a director, effective November 20, 2025. This update, as required by ASX listing rules, indicates that Adam-Gedge holds no relevant interests in securities or contracts with the company, suggesting a clean departure without financial entanglements.
The most recent analyst rating on (AU:EHL) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Emeco Holdings Limited stock, see the AU:EHL Stock Forecast page.
Emeco Holdings Limited announced the successful passing of all resolutions at its Annual General Meeting held on 20 November 2025. The resolutions included the re-election of board members and the approval of incentive plans for the CEO, reflecting shareholder support for the company’s strategic direction and leadership. This outcome reinforces Emeco’s commitment to maintaining strong governance and incentivizing its leadership team to drive future growth.
The most recent analyst rating on (AU:EHL) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Emeco Holdings Limited stock, see the AU:EHL Stock Forecast page.
Emeco Holdings Limited has released a presentation summarizing its 2025 Annual General Meeting. The presentation highlights the company’s reliance on third-party information and emphasizes that it should be read alongside the FY25 Annual Report. It clarifies that the presentation is not investment advice and does not constitute an offer of securities. The document includes non-IFRS financial information and warns of the potential variance in actual results from forward-looking statements.
The most recent analyst rating on (AU:EHL) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Emeco Holdings Limited stock, see the AU:EHL Stock Forecast page.
Emeco Holdings Limited reported a successful financial year with a 7% increase in Operating EBITDA to $301 million and a 22% rise in net profit after tax to $84 million for FY25. The company’s strong performance was driven by growth in maintenance services, improved contract management, and a focus on cost control and fleet deployment. Emeco’s rental business saw increased demand, with a 9% rise in rental revenue, and the company continues to prioritize debt reduction, resulting in a strengthened balance sheet. The company is well-positioned for future growth, particularly in maintenance services and the potential expansion into battery-powered fleet maintenance.
The most recent analyst rating on (AU:EHL) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Emeco Holdings Limited stock, see the AU:EHL Stock Forecast page.
Emeco Holdings Limited announced that Fitch has affirmed its Long Term Issuer Default Rating at ‘BB-‘ with a stable outlook, and its senior secured notes at ‘BB’. This affirmation reflects Emeco’s revenue diversification, high-margin mining equipment rental, and integrated maintenance network, which enhances operational flexibility. The company’s strong profitability, defensive cost structure, and solid financial profile were key factors in Fitch’s assessment. Emeco’s integrated business model, which supports its core rental business, is seen as a competitive advantage and a driver for future growth.
The most recent analyst rating on (AU:EHL) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Emeco Holdings Limited stock, see the AU:EHL Stock Forecast page.
Emeco Holdings Limited announced that Moody’s Investors Service has maintained its Ba3 corporate family rating with a stable outlook, reflecting Emeco’s strong market position in the Australian mining equipment rental sector and the growing contribution of its capital-light maintenance business. The stable credit rating, coupled with an improved interest rate environment, supports Emeco’s ongoing debt refinancing efforts, expected to be completed in the first half of 2026. The company’s conservative financial profile, robust operational performance, and established lender relationships are expected to mitigate refinancing risks, although timely execution is critical to avoid potential negative impacts on the rating.
The most recent analyst rating on (AU:EHL) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Emeco Holdings Limited stock, see the AU:EHL Stock Forecast page.
Emeco Holdings Limited has announced its Annual General Meeting, scheduled for November 20, 2025, in Sydney. The company is opting for electronic distribution of the meeting notice and annual report, emphasizing a shift towards digital communication with shareholders. This move reflects an ongoing trend in corporate governance towards more sustainable and efficient communication methods, potentially impacting shareholder engagement and operational transparency.
The most recent analyst rating on (AU:EHL) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Emeco Holdings Limited stock, see the AU:EHL Stock Forecast page.
Emeco Holdings Limited has announced its 2025 Annual General Meeting scheduled for November 20, 2025, in Sydney. The meeting will cover the presentation of the financial report and several resolutions, including the re-election of directors and approval of incentive plans for the CEO. The board recommends shareholders vote in favor of all resolutions, emphasizing their alignment with the company’s and shareholders’ best interests.
The most recent analyst rating on (AU:EHL) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Emeco Holdings Limited stock, see the AU:EHL Stock Forecast page.