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EPX Limited (AU:EPX)
ASX:EPX
Australian Market

EPX (EPX) AI Stock Analysis

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AU:EPX

EPX

(Sydney:EPX)

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Neutral 46 (OpenAI - 5.2)
Rating:46Neutral
Price Target:
AU$0.25
â–¼(-2.00% Downside)
Action:ReiteratedDate:12/19/25
EPX's overall stock score is primarily impacted by its weak financial performance, characterized by significant leverage and cash flow issues. Technical analysis shows a bearish trend, while valuation metrics are poor due to negative earnings. The lack of earnings call and corporate events data leaves these areas unaddressed.
Positive Factors
Revenue Growth
EPX's mid-single-digit top-line growth (8–10% range across reported metrics) indicates ongoing customer demand and product traction. Sustained revenue growth provides a runway for operating leverage and improved cash generation if cost control and scale follow.
Lean Operating Base
A small headcount (71 employees) suggests a lean operating structure. In software infrastructure, a compact team can enable faster decision cycles and higher operating leverage as revenue scales, helping margins improve without proportionate cost increases.
Sector Positioning
EPX operates in Software - Infrastructure, a structural sector with durable enterprise demand. This positioning offers the potential for recurring, long-duration contracts and enterprise customer relationships that support stable revenues if the company can improve retention and execution.
Negative Factors
High Leverage
A debt-to-equity ratio of 2.31 and negative ROE reflect material financial leverage. High debt levels reduce strategic flexibility, raise refinancing risk, and increase fixed costs, making it harder to invest in growth or weather revenue shocks over the medium term.
Weak Cash Generation
Persistently negative free cash flow and poor conversion of income into cash indicate structural cash burn. Weak cash generation forces reliance on external capital, constrains reinvestment, and elevates liquidity risk unless cash flow metrics meaningfully improve.
Declining Margins & Profitability
Ongoing negative net and EBIT margins alongside a materially declined gross margin point to structural cost or pricing pressure. Without reversing margin erosion, sustainable profitability is unlikely, limiting free cash flow and shareholder returns over the medium term.

EPX (EPX) vs. iShares MSCI Australia ETF (EWA)

EPX Business Overview & Revenue Model

Company DescriptionEPX Limited provides building energy management solutions within commercial real estate in Australia, the United Kingdom, Hong Kong, and the Middle East. It offers EDGE cloud data platform, a managed platform that streamlines data collection from submeters, IoT sensors, and building management systems (BMS) which identifies opportunities to reduce energy, water, and waste consumption within the building by collecting, processing, and analysing sets of data per year. The company's EDGE platform products comprise EDGE Essential for building and connecting data; EDGE Commercial that report and charge based on actual usage and automate reporting; EDGE Insight that provides actionable insights; EDGE Insight+; EDGE Certifi, optimize building; and EDGE Industrial, a platform to digitalise and optimise the management of industrial and commercial buildings. It also provides EDGE Capabilities, such as capture, aggregate, analyze, and optimize. It offers its solutions for commercial offices, hospitals, hotels, retail, shopping centers, healthcare, and hospitals sectors. EPX Limited was formerly known as EP&T Global Limited and changed its name to EPX Limited in June 2025. The company was founded in 1993 and is based in North Sydney, Australia.
How the Company Makes MoneyEPX generates revenue through several key streams. Primarily, the company earns income from the sale of its energy management systems and smart grid technology, which are designed to enhance the efficiency and reliability of energy use. Additionally, EPX provides consulting services to businesses looking to improve their energy efficiency, charging fees based on project scope and duration. The company also engages in partnerships with government agencies and private sector entities to participate in renewable energy projects, often receiving funding or grants that supplement its income. Furthermore, EPX may explore subscription-based models for its software services, providing ongoing support and updates to clients, thus creating a recurring revenue stream.

EPX Financial Statement Overview

Summary
EPX is facing significant financial challenges across all verticals. Despite some revenue growth, profitability remains elusive, and the company is heavily leveraged. Cash flow issues further exacerbate the financial instability, suggesting a need for strategic restructuring to improve financial health.
Income Statement
45
Neutral
EPX has shown some revenue growth, with an 8.35% increase in the latest year. However, the company struggles with profitability, as indicated by negative net profit margins and EBIT margins. The gross profit margin has significantly declined from previous years, suggesting challenges in maintaining cost efficiency.
Balance Sheet
40
Negative
The balance sheet reveals a high debt-to-equity ratio of 2.31, indicating significant leverage and potential financial risk. The return on equity is negative, reflecting ongoing losses. The equity ratio is relatively low, suggesting limited equity financing compared to total assets.
Cash Flow
35
Negative
EPX's cash flow situation is concerning, with negative free cash flow and a substantial decline in free cash flow growth. The operating cash flow to net income ratio is low, indicating challenges in converting income into cash. The free cash flow to net income ratio is negative, highlighting cash flow difficulties.
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue15.60M15.27M13.03M10.63M7.09M6.08M
Gross Profit965.57K3.31M12.11M-2.72M6.28M5.87M
EBITDA-3.73M-3.09M-1.97M-4.84M-7.11M-11.67M
Net Income-6.70M-5.75M-4.84M-6.75M-8.40M-12.16M
Balance Sheet
Total Assets13.93M12.85M14.92M15.64M14.64M14.27M
Cash, Cash Equivalents and Short-Term Investments2.95M1.29M1.40M1.24M4.22M5.30M
Total Debt1.24M1.21M1.54M1.94M1.24M1.17M
Total Liabilities11.52M12.32M9.98M8.71M6.45M6.16M
Stockholders Equity2.41M523.08K4.93M6.93M8.18M8.11M
Cash Flow
Free Cash Flow-2.04M-98.64K-1.66M-7.11M-8.33M-5.19M
Operating Cash Flow-612.51K1.42M-206.11K-4.47M-6.12M-3.43M
Investing Cash Flow-1.67M-1.64M-1.46M-2.64M-2.21M-1.76M
Financing Cash Flow3.27M105.09K1.86M4.01M7.25M10.22M

EPX Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.25
Price Trends
50DMA
0.25
Negative
100DMA
0.27
Negative
200DMA
0.27
Negative
Market Momentum
MACD
<0.01
Negative
RSI
51.39
Neutral
STOCH
72.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EPX, the sentiment is Neutral. The current price of 0.25 is above the 20-day moving average (MA) of 0.24, below the 50-day MA of 0.25, and below the 200-day MA of 0.27, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.39 is Neutral, neither overbought nor oversold. The STOCH value of 72.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:EPX.

EPX Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
48
Neutral
AU$36.14M-1.32-64.51%4.99%-38.38%-275.50%
46
Neutral
AU$21.59M-2.56-210.85%―17.19%4.50%
44
Neutral
AU$6.44M-4.35――13.07%68.60%
42
Neutral
AU$8.51M-1.16-54.62%―-22.47%39.26%
42
Neutral
AU$4.32M-1.57-23.31%―2.15%-900.00%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:EPX
EPX
0.25
-0.14
-35.90%
AU:FCT
FirstWave Cloud Technology
0.01
-0.01
-50.00%
AU:SEN
Senetas Corporation Limited
2.18
-0.11
-4.80%
AU:BEO
SkyFii Limited
0.15
-0.05
-23.68%
AU:KNO
Knosys Ltd.
0.02
-0.02
-50.00%
AU:WHK
WhiteHawk Ltd.
0.01
0.00
0.00%

EPX Corporate Events

EPX lifts recurring revenue and ACV as it invests for growth
Feb 27, 2026

EPX reported first-half FY2026 results showing solid growth in contracted and recurring revenues as it continues its transition to a predominantly subscription-based model. Annual Contract Value rose 10.4% to $18.6 million and Annual Recurring Revenue increased 19.3% to $16.7 million, with recurring income now accounting for 97% of total revenue.

New contract wins in the U.K. rail sector, a 10-hospital portfolio in the UAE and an Australian retail portfolio drove a net ACV increase of $1.0 million over six months, while statutory revenue rose 4.3% to $7.9 million. The company booked an underlying EBITDA loss of $0.4 million and operating cash outflow of $1.1 million as it invested in integrating acquisitions such as Wattwatchers, rebranding and expanding its sales and product teams to support future ARR growth.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX reshapes company secretariat as it expands global building performance platform
Feb 9, 2026

EPX Limited has announced a change in its senior governance team, with the resignation of Andrew Kabega as joint company secretary and the appointment of Stuart Roberts to the same role, effective 9 February 2026. Roberts will also become the primary contact for communications with the ASX on listing rule matters, signalling continuity in the company’s regulatory and compliance interface despite the leadership transition.

The change in company secretarial responsibilities comes as EPX continues to position itself as a global provider of building performance optimisation technology, delivering data-driven energy and cost savings to commercial property portfolios. Maintaining clear and designated oversight of ASX compliance is likely to be important for investor confidence as the company manages a growing international footprint and an extensive cloud-based platform handling billions of building data points each year.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Director Increases Shareholding Through Share Purchase Plan
Feb 2, 2026

EPX Limited has disclosed a change in the securities holdings of director Victor van Bommel, reflecting updated interests held both directly and through associated entities Silver Island BV and Stak Fleet Street. Following participation in the company’s share purchase plan and the completion of a 10-for-1 share consolidation in October 2025, van Bommel acquired an additional 240,000 ordinary shares for a total consideration of $60,000, increasing his direct and indirect shareholdings and aligning his financial exposure more closely with that of other shareholders.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Director Paul Oneile Increases Indirect Shareholding via Share Purchase Plan
Feb 2, 2026

EPX Limited has disclosed a change in director Paul Oneile’s holdings in the company’s securities, reflecting both direct and indirect interests through associated entities and superannuation structures. The filing shows Oneile acquired 80,000 additional fully paid ordinary shares for $20,000 via participation in a share purchase plan whose results were announced on 23 January 2026, taking his indirect holdings to 580,000 shares while his 100,000 performance rights remain unchanged, signalling continued insider confidence and modestly increasing director alignment with shareholder interests following an October 2025 10-for-1 capital consolidation.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Director John Balassis Increases Indirect Shareholding via Share Purchase Plan
Feb 2, 2026

EPX Limited has disclosed a change in director John Balassis’s holdings in the company’s securities, detailing both his direct and indirect interests, including those held via family investment vehicles. The filing shows that Balassis increased his indirect shareholding through participation in a share purchase plan, with new ordinary shares issued following the company’s 10-for-1 share consolidation completed in October 2025, signalling continued alignment of the director’s interests with those of shareholders and providing transparency around board-level ownership.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Issues New Shares Under Security Purchase Plan, Confirms Regulatory Compliance
Jan 26, 2026

EPX Limited has issued 1,178,004 new fully paid ordinary shares at $0.25 per share to participants in its Security Purchase Plan, following the plan’s announcement in late December 2025 and the release of results on 23 January 2026. The company confirmed that the shares were issued without a formal disclosure document under the Corporations Act, while stating it remains compliant with its financial reporting and continuous disclosure obligations and that there is no excluded information, signalling regulatory conformity and transparency for existing and new shareholders.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Seeks ASX Quotation for 1.18 Million New Shares
Jan 23, 2026

EPX Limited has applied to the ASX for quotation of 1,178,004 new fully paid ordinary shares, expanding its listed security base. The issuance, tied to previously announced transactions, modestly increases the company’s equity on issue and may enhance liquidity in its stock, signaling ongoing capital management activity that could affect shareholder dilution and trading dynamics.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Raises $294,501 via SPP to Fund Wattwatchers Deal and Expansion
Jan 22, 2026

EPX Limited has closed its Security Purchase Plan, raising $294,501 from 23 valid shareholder applications at $0.25 per share, resulting in the issue of 1,178,004 new shares to be allotted and quoted on the ASX on 23 January 2026. The funds, alongside proceeds from a prior institutional placement, will help settle the recently completed acquisition of Wattwatchers, support further M&A, fund investment in EPX’s technology roadmap and provide working capital, with management highlighting that Wattwatchers has roughly doubled the revenue of EPX’s Australian business and expanded its global reach into industrial market verticals, reinforcing the company’s growth ambitions in data-driven building and energy optimisation.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Corrects Details on Proposed Securities Issue and Secondary Sale Disclosures
Dec 30, 2025

EPX Limited has updated its disclosure to the ASX regarding a proposed issue of securities via a placement or similar structure. The company’s latest filing corrects earlier information lodged on 18 December 2025, specifically revising details on secondary sale disclosures and clarifying that part of the consideration for the securities will be non‑cash, signaling an administrative clean‑up of terms that may be relevant for existing and prospective investors monitoring capital structure changes.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Issues New Shares to Fund Wattwatchers Acquisition
Dec 29, 2025

EPX Limited has issued 1,562,500 new fully paid ordinary shares at $0.32 per share to Kilara Growth Fund LP as part of the arrangements linked to its acquisition of energy monitoring firm Wattwatchers Pty Limited, strengthening its capital structure to support this strategic transaction. The company confirmed that the share issue was conducted without a disclosure document under the relevant provisions of the Corporations Act, and stated it remains compliant with its financial reporting and continuous disclosure obligations, with no excluded information, providing regulatory assurance and transparency for existing and new shareholders.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX launches share purchase plan at placement price to raise up to A$700,000
Dec 28, 2025

EPX Limited has launched a share purchase plan (SPP) offering eligible shareholders the opportunity to buy up to A$30,000 of new shares at A$0.25 each, the same price as a recent placement to professional and sophisticated investors. The offer, which targets a maximum raise of A$700,000 and is not underwritten, is open to shareholders on the register as of 17 December 2025 in Australia and several overseas jurisdictions, and runs from 29 December 2025 to 20 January 2026, with the board retaining discretion to scale back applications, adjust the amount raised or amend the timetable, underscoring the company’s continued reliance on equity markets for funding and offering existing investors a chance to maintain or increase their holdings at placement pricing.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Seeks ASX Quotation for 1.56 Million New Shares
Dec 24, 2025

EPX Limited has applied to the ASX for quotation of 1,562,500 new fully paid ordinary shares, to be issued on 24 December 2025. The move formalises the listing of securities previously flagged to the market, incrementally expanding EPX’s quoted share base and potentially enhancing liquidity for existing shareholders, although the announcement provides no details on the underlying transaction or strategic purpose of the issuance.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Issues New Shares to Institutional Investors Under Placement
Dec 23, 2025

EPX Limited has issued 8,572,000 new fully paid ordinary shares at $0.25 per share to new and existing institutional investors, as part of a previously announced placement. The company confirmed that the capital raising was conducted without a prospectus under the relevant Corporations Act provisions, and stated it is compliant with its continuous disclosure and reporting obligations and has no excluded information, signalling regulatory transparency and reinforcing confidence for current and prospective shareholders.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Seeks ASX Quotation for 8.6 Million New Shares
Dec 23, 2025

EPX Limited has applied to the ASX for quotation of 8,572,000 new ordinary fully paid shares, expanding its listed securities on the exchange. The issuance, tied to a previously announced transaction, signals a move to increase the company’s traded equity base, which may affect liquidity and ownership structure once the new shares commence quotation on 24 December 2025.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Raises $2.14m in Placement, Launches SPP to Fund Growth and Wattwatchers Acquisition
Dec 23, 2025

EPX Limited has completed a $2.14 million private placement to existing and new institutional investors, issuing 8,572,000 fully paid ordinary shares at A$0.25 each under its existing placement capacity, with no director or related-party participation. The funds are earmarked to support the acquisition of Wattwatchers Pty Limited, develop new revenue opportunities, invest in technology and provide general working capital, while a follow-on share purchase plan aims to raise up to a further $700,000 from eligible shareholders at the same offer price, broadening participation and strengthening the company’s capital base for its growth and expansion initiatives.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Limited Announces Proposed Issuance of 1.56 Million Securities
Dec 18, 2025

EPX Limited, a company listed on the Australian Securities Exchange (ASX), has announced a proposed issue of 1,562,500 fully paid ordinary securities, with a planned issuance date of January 16, 2026. This move marks an important step in expanding its capital base, which may impact the company’s market positioning and provide opportunities for growth within its sector.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Limited Unveils Securities Issuance Plan to Bolster Market Position
Dec 18, 2025

EPX Limited has announced the proposed issuance of up to 2.8 million securities through a securities purchase plan and 8.572 million through a placement, aiming to enhance its financial position and operational flexibility. This move could strengthen EPX’s market presence, improve investor relations, and support strategic goals, marking a potential milestone for the company’s growth trajectory.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Advances Energy Management Strategy with Acquisition of Wattwatchers
Dec 18, 2025

EPX Limited has acquired Wattwatchers Pty Limited, a move aimed at strengthening its position in the energy management sector. The acquisition, combined with a $2.14 million placement and a Share Purchase Plan initiative, will fund the transaction, foster technology investments, and support future merger and acquisition opportunities, signaling growth prospects for the company and its stakeholders.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Limited Initiates Trading Halt for Strategic Acquisition
Dec 15, 2025

EPX Limited has requested a trading halt on its securities pending an announcement regarding the proposed acquisition of WattWatchers Pty Limited and a related significant capital raising. This move is aimed at facilitating the acquisition process and ensuring smooth communication with the market. The trading halt will remain in effect until the announcement is made or normal trading resumes on December 18, 2025. This strategic acquisition and capital raising could potentially enhance EPX’s market position and operational capabilities.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX Proposes Acquisition of WattWatchers to Enhance Energy Monitoring Capabilities
Dec 8, 2025

EPX Limited has submitted a proposal to acquire WattWatchers Pty Ltd, a company specializing in real-time energy data and monitoring solutions. The acquisition, which involves a combination of cash and shares, is contingent upon approval by WattWatchers’ creditors. This strategic move could enhance EPX’s market position by integrating WattWatchers’ technology and assets, potentially benefiting stakeholders by expanding EPX’s capabilities in energy monitoring and data services.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

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: Dec 19, 2025