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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)
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Neutral 46 (OpenAI - 5.2)
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Neutral 46 (OpenAI - 5.2)
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Neutral 46 (OpenAI - 5.2)
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Neutral 46 (OpenAI - 5.2)
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Neutral 46 (OpenAI - 5.2)
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Neutral 46 (OpenAI - 5.2)
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Neutral 46 (OpenAI - 5.2)
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Neutral 46 (OpenAI - 5.2)
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Neutral 46 (OpenAI - 5.2)
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Neutral 46 (OpenAI - 5.2)
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Neutral 46 (OpenAI - 5.2)
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Neutral 46 (OpenAI - 5.2)
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Neutral 46 (OpenAI - 5.2)
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Neutral 46 (OpenAI - 5.2)
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Neutral 46 (OpenAI - 5.2)
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Neutral 46 (OpenAI - 5.2)
Rating:46Neutral
Price Target:
AU$0.20
â–¼(-6.67% 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
Consistent positive top-line growth (around 8-10% reported) suggests the company retains market traction and product demand. Over 2-6 months this supports scaling opportunities and provides a runway to improve unit economics if cost control and monetization continue.
Industry Exposure
Operating in infrastructure software ties EPX to durable secular demand for cloud, automation and enterprise tooling. Structural industry growth can sustain revenue opportunities and long-term market demand even if company-specific execution needs improvement.
Lean Operating Base
A small headcount implies a lean cost structure and operational flexibility. For a software infrastructure business this supports scalability: modest revenue uplifts can disproportionately improve margins and cash flow if the company controls fixed costs and leverages product-led growth.
Negative Factors
High Leverage
A debt-to-equity ratio above 2 indicates significant leverage that reduces financial flexibility. Over the medium term this raises refinancing, covenant and interest-rate risks, constrains investment choices and can force prioritization of debt service over growth initiatives.
Weak Cash Generation
Negative free cash flow and low operating-cash-to-net-income conversion limit the company's ability to self-fund operations, capex or strategic initiatives. Persisting cash deficits typically require external financing, diluting investors or adding more leverage.
Profitability Pressure
Negative net and EBIT margins alongside a declining gross margin signal structural cost or pricing issues. Without sustained margin recovery or significant revenue expansion, profitability challenges will persist and impair free cash flow and return metrics.

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.

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
Negative
Last Price0.21
Price Trends
50DMA
0.24
Negative
100DMA
0.25
Negative
200DMA
0.27
Negative
Market Momentum
MACD
-0.01
Positive
RSI
23.59
Positive
STOCH
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EPX, the sentiment is Negative. The current price of 0.21 is below the 20-day moving average (MA) of 0.23, below the 50-day MA of 0.24, and below the 200-day MA of 0.27, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 23.59 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$29.84M-17.78-64.64%4.99%-38.38%-275.50%
46
Neutral
AU$17.27M-1.94-456.10%―17.19%4.50%
44
Neutral
AU$4.32M-0.75-53.27%―2.15%-900.00%
43
Neutral
AU$6.44M-3.48-658.94%―13.07%68.60%
42
Neutral
AU$6.38M-1.21-15.64%―-22.47%39.26%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:EPX
EPX
0.20
-0.18
-47.37%
AU:FCT
FirstWave Cloud Technology
0.01
0.00
0.00%
AU:SEN
Senetas Corporation Limited
1.80
-0.40
-18.18%
AU:BEO
SkyFii Limited
0.11
-0.08
-42.11%
AU:KNO
Knosys Ltd.
0.02
-0.02
-45.95%
AU:WHK
WhiteHawk Ltd.
0.01
-0.02
-66.67%

EPX Corporate Events

EPX to Brief Investors as Global Building Efficiency Platform Scales Reach
Mar 18, 2026

EPX Limited, a building efficiency data-platform specialist, uses its proprietary EDGE technologies to monitor more than 5.6 billion data points annually across a 7.5 million square metre portfolio, identifying operational inefficiencies and enabling an average 21% reduction in energy consumption for clients. The company has released an investor presentation to be delivered via webinar on 19 March 2026, signalling ongoing engagement with shareholders as it positions its rapidly deployable, cloud-based solutions as key tools for controlling critical energy and infrastructure assets in commercial real estate globally.

The most recent analyst rating on (AU:EPX) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on EPX stock, see the AU:EPX Stock Forecast page.

EPX schedules investor webinar to present half-year results and business update
Mar 4, 2026

EPX Limited, a data-driven building efficiency specialist, operates a global platform that optimises energy use and reduces emissions across large commercial property portfolios using its EDGE suite and advanced analytics. The company’s systems identify operational inefficiencies and maintenance improvements, typically achieving about a 21% reduction in energy consumption for clients.

The company has invited shareholders and investors to a free webinar on 19 March 2026, where its CEO and CFO will present results for the half-year to 31 December 2025 and provide a broader business update. The event, which includes a Q&A session and the option to submit questions in advance, is positioned as a key forum for stakeholders to engage with management on EPX’s operational performance and strategic progress.

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 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.

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