Eneco Refresh Limited (ERG) AI Stock Analysis

• Market Cap: AU$4.63M
• Dividend Yield: N/A
• Average Volume (3M): 15.35K
• Price to Earnings (P/E): 170.0
• Beta (1Y): -0.99
• Revenue Growth: 7.44%
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Non-Alcoholic
• EPS (TTM): 0.00
• Shares Outstanding: 272,358,340
• 10 Day Avg. Volume: 29,262
• 30 Day Avg. Volume: 15,354
• PEG Ratio: -1.33
• Price to Book (P/B): 0.39
• Price to Sales (P/S): 0.20
• P/FCF Ratio: 3.68
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: AU$0.02 ▼(-15.00% Downside)

The score is held back primarily by weak profitability and cash generation in the financials, plus an expensive valuation (P/E 170). Technicals are somewhat supportive with positive MACD and the price above longer-term averages, but mixed near-term trend keeps the overall score below average.

Positive Factors

Diversified renewable revenue streams

Multiple revenue lines—equipment sales, installations, storage and consulting—create durable income diversification. Coupled with manufacturer partnerships and government incentives, this supports persistent demand and reduces reliance on any single product or customer segment over the medium term.

Moderate leverage on balance sheet

A moderate debt-to-equity ratio suggests a balanced capital structure that can support continued investment in installations and tech without excessive financial strain. This preserves financial flexibility for growth while limiting solvency risk during sector cycles.

Modest positive revenue trend

Steady, positive revenue growth indicates ongoing customer adoption of solar and related services. Even modest expansion supports scale benefits, recurring service opportunities, and a foundation to improve margins if operational efficiencies are realized over the next several quarters.

Negative Factors

Low profitability margins

Persistently low net and EBIT margins limit the company's ability to convert sales into retained earnings. This reduces internal funding for expansion, makes returns sensitive to cost pressures, and constrains long-term shareholder value creation absent margin improvement.

Weak cash generation

Negative free cash flow growth signals limited internal cash available for capex, R&D, or paying down debt. Over time this increases reliance on external financing, raises refinancing risk, and can force scaling back investments that drive sustainable growth in renewables.

Low return on equity

A low ROE indicates the company struggles to generate attractive shareholder returns from invested capital. This suggests inefficiencies or low margin business mix, which, if persistent, can deter reinvestment and limit the firm's ability to attract long-term capital.

Eneco Refresh Limited Business Overview & Revenue Model

Company Description

Eneco Refresh Limited produces and distributes bottled water and filtration systems in Australia. It also rents water coolers; and distributes filtration systems and water purifiers. In addition, the company produces and distributes plastic molded products, including containers and jars, bottles, gardening products, automotive parts, and activity toys. Further, it distributes hydrogen gas. The company was formerly known as Refresh Group Limited. Eneco Refresh Limited was incorporated in 1997 and is headquartered in Malaga, Australia. Eneco Refresh Limited operates as a subsidiary of Eneco Investment Pte Ltd.

How the Company Makes Money

Eneco Refresh Limited generates revenue primarily through the sale and installation of solar energy systems and associated equipment. Key revenue streams include the direct sales of solar panels, inverters, and batteries, as well as installation services for these products. The company also offers energy efficiency consulting services, which provide additional income through advisory fees. Significant partnerships with equipment manufacturers and governmental incentives for renewable energy adoption further bolster ERG's earnings, allowing the company to capitalize on the growing demand for clean energy solutions.

Eneco Refresh Limited Financial Statement Overview

Summary

Eneco Refresh Limited shows moderate revenue growth but struggles with profitability and cash flow management. The balance sheet is stable, yet operational efficiency and cash generation need improvement.

Income Statement

Eneco Refresh Limited has shown modest revenue growth over the years, with a 3.15% increase in the latest period. However, the company's profitability metrics, such as the net profit margin and EBIT margin, remain low, indicating challenges in converting revenue into profit. The gross profit margin is relatively stable, but the overall profitability needs improvement.

Balance Sheet

The company's debt-to-equity ratio is moderate at 0.42, suggesting a balanced approach to leveraging. However, the return on equity is low, reflecting limited returns for shareholders. The equity ratio indicates a reasonable level of equity financing, but the company needs to enhance its profitability to improve overall financial health.

Cash Flow

Eneco Refresh Limited's cash flow situation shows some concerns, with a negative free cash flow growth rate and a moderate operating cash flow to net income ratio. The free cash flow to net income ratio is positive, but the company needs to focus on improving cash generation to support operations and growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	16.60M	16.60M	15.45M	14.49M	13.98M	13.19M
Gross Profit	6.25M	6.25M	5.25M	5.26M	5.41M	5.09M
EBITDA	440.82K	440.82K	-1.39M	1.22M	822.59K	1.14M
Net Income	24.66K	24.66K	-1.59M	97.69K	-205.50K	-161.88K
Balance Sheet
Total Assets	14.02M	14.02M	13.98M	16.38M	14.81M	16.19M
Cash, Cash Equivalents and Short-Term Investments	4.51M	4.51M	4.31M	5.40M	1.28M	1.45M
Total Debt	3.50M	3.50M	3.83M	2.20M	2.88M	4.10M
Total Liabilities	5.60M	5.60M	5.57M	6.38M	4.91M	6.06M
Stockholders Equity	8.43M	8.43M	8.41M	9.99M	9.90M	10.13M
Cash Flow
Free Cash Flow	903.29K	903.29K	-855.32K	-169.54K	273.60K	796.17K
Operating Cash Flow	1.39M	1.39M	104.84K	151.00K	602.99K	1.32M
Investing Cash Flow	-460.58K	-460.58K	-546.31K	4.18M	-338.37K	-117.59K
Financing Cash Flow	-732.27K	-732.27K	-640.51K	-683.17K	-475.00K	-1.18M

Eneco Refresh Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ERG, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.01, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 67.40 is Neutral, neither overbought nor oversold. The STOCH value of 166.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ERG.

Eneco Refresh Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
TML	57 Neutral	AU$3.73M	-2.76	-18.63%	―	5.31%	-489.74%
ERG	48 Neutral	AU$4.63M	170.00	0.29%	―	7.44%	―
LPE	45 Neutral	AU$20.09M	-5.70	-38.32%	―	2.69%	-273.87%
DEL	42 Neutral	AU$24.78M	-2.70	-129.44%	―	-29.97%	-284.16%
14D	42 Neutral	AU$11.53M	-2.56	-47.12%	―	―	-15.24%
JNS	34 Underperform	AU$7.14M	-0.44	-84.32%	―	―	91.54%

Eneco Refresh Limited Corporate Events

Eneco Refresh Limited Reports Stable Growth and Positive Outlook for FY26

Eneco Refresh Limited has maintained stable operations with minimal changes in staff numbers and revenue distribution compared to the previous fiscal year. The company has focused on consolidating performance and improving financial results through internal initiatives, resulting in a small profit and a positive outlook for the upcoming fiscal year. The company has also shown a commitment to sustainable growth, with a 7.4% increase in sales for FY25 and strategic investments in equipment and vehicles to enhance operational efficiency. Looking forward, Eneco Refresh aims to pursue growth opportunities, improve capabilities, and simplify operations to increase shareholder value.

Eneco Refresh Limited Announces Successful Resolutions at Recent Meeting

Eneco Refresh Limited held a meeting where two key resolutions were passed. The first resolution involved the adoption of the Remuneration Report, and the second was the re-election of Mr. Michael Pixley as a director. Both resolutions were passed by a show of hands, indicating strong support from stakeholders, which may positively impact the company’s governance and strategic direction.

Eneco Refresh Limited Reports Strong Q1 Growth Driven by Plastics Business

Eneco Refresh Limited reported a 9% increase in total revenue for the first quarter of FY26 compared to the same period last year, driven by strong performance in its plastics business, which saw a 35% revenue increase. The company has invested in equipment and maintenance to support continued growth, with significant contributions from its HYDR8 custom label product in Western Australia and Victoria, despite a slight decline in New South Wales due to revenue reporting adjustments.