Fluence Corporation Limited (AU:FLC)
ASX:FLC
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Fluence Corporation Limited
(Sydney:FLC)
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Rating:44Neutral
Price Target:
AU$0.08
▼(-20.00% Downside)
Action:ReiteratedDate:03/01/26
The score is held down primarily by weak financial quality—continued net losses and a pressured balance sheet with negative equity—despite a meaningful 2025 operational and cash-flow rebound. Technicals remain soft with the stock trading below key short- and mid-term moving averages and negative MACD, while valuation is difficult to assess due to negative earnings and no dividend support.
Positive Factors
Debt Reduction
Balance-sheet evidence of reducing debt improves leverage and lowers interest burden, enhancing solvency and financial optionality. Over the next 2–6 months, continued deleveraging can extend runway, reduce refinancing risk, and give management flexibility for restructuring or targeted investment.
Negative Factors
Negative Equity / Insolvency Risk
Negative shareholders' equity of -$5.3M signals insolvency risk and materially constrains access to unsecured financing. Persisting negative equity over months can force dilutive recapitalization, asset sales, or creditor negotiations, limiting strategic flexibility and increasing execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt Reduction
Balance-sheet evidence of reducing debt improves leverage and lowers interest burden, enhancing solvency and financial optionality. Over the next 2–6 months, continued deleveraging can extend runway, reduce refinancing risk, and give management flexibility for restructuring or targeted investment.
Read all positive factors
Fluence Corporation Limited (FLC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$86.86M
Dividend YieldN/A
Average Volume (3M)471.39K
Price to Earnings (P/E)―
Beta (1Y)0.76
Revenue Growth11.44%
EPS Growth19.49%
CountryAU
Employees1,500
SectorIndustrials
Sector Strength72
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,142,932,100
10 Day Avg. Volume337,312
30 Day Avg. Volume471,390
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)-7.88
Price to Sales (P/S)0.90
P/FCF Ratio7.30
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
Fluence Corporation Limited Business Overview & Revenue Model
Company Description
Fluence Corporation Limited provides water and wastewater treatment, and reuse solutions for the municipal, commercial, and industrial markets worldwide. The company offers NIROBOX for desalination of seawater and brackish water, as well as for th...
How the Company Makes Money
Fluence Corporation generates revenue primarily through the sale of its proprietary water treatment technologies and systems, as well as through service contracts for the maintenance and operation of these systems. The company earns money from the...
Fluence Corporation Limited Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
24
Negative
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 121.61M | 51.49M | 70.04M | 119.09M | 103.19M |
| Gross Profit | 35.87M | 15.16M | 19.08M | 28.02M | 21.38M |
| EBITDA | 27.30M | -17.05M | -8.87M | -10.37M | -4.07M |
| Net Income | -14.45M | -21.40M | -16.01M | -16.19M | -14.70M |
Balance Sheet | |||||
| Total Assets | 99.09M | 74.11M | 93.13M | 123.62M | 149.14M |
| Cash, Cash Equivalents and Short-Term Investments | 24.95M | 8.97M | 28.28M | 35.06M | 52.35M |
| Total Debt | 29.93M | 21.45M | 19.31M | 35.30M | 41.36M |
| Total Liabilities | 116.07M | 81.60M | 80.91M | 120.70M | 133.15M |
| Stockholders Equity | -13.87M | -5.27M | 14.18M | 4.91M | 17.89M |
Cash Flow | |||||
| Free Cash Flow | 14.97M | -35.24M | -20.80M | -14.10M | -6.26M |
| Operating Cash Flow | 16.87M | -32.50M | -19.02M | -13.65M | -4.84M |
| Investing Cash Flow | -1.52M | 6.20M | 4.42M | 15.39M | 7.35M |
| Financing Cash Flow | -4.36M | 1.97M | 10.07M | 2.54M | 8.89M |
Fluence Corporation Limited Technical Analysis
Neutral
0.10
Price Trends
0.08
Negative
0.10
Negative
0.08
Positive
Market Momentum
>-0.01
Negative
46.59
Neutral
25.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FLC, the sentiment is Neutral. The current price of 0.1 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.08, and above the 200-day MA of 0.08, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.59 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:FLC.
Fluence Corporation Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$43.04M | 4.98 | 20.77% | 4.55% | 66.80% | 625.00% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | AU$196.97M | 6.61 | 5.98% | 2.95% | 4.52% | -31.16% | |
49 Neutral | AU$9.56M | -5.05 | -9.60% | ― | -33.93% | -366.67% | |
48 Neutral | AU$31.03M | -16.21 | -15.66% | ― | 11.53% | 46.15% | |
44 Neutral | AU$86.86M | -7.56 | 134.61% | ― | 11.44% | 19.49% | |
42 Neutral | AU$6.87M | -2.69 | -41.16% | ― | -45.80% | -210.00% |
* Industrials Sector Average
AU:FLC
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Fluence Corporation Limited Corporate Events
Fluence Surges Revenue and Orders as High-Margin Water Solutions Gain Traction
Feb 27, 2026
Fluence Corporation reported a 52.3% jump in 2025 revenue to $78.4 million, driven by strong growth in Smart Product Solutions and recurring revenue offerings, as well as a substantial contribution from the Ivory Coast Addendum project. The compan...
Fluence Issues Shares to Non-Executive Directors in Lieu of Fees
Feb 4, 2026
Fluence Corporation has issued 1,113,564 fully paid ordinary shares to its non-executive directors in lieu of accrued director fees for the October to December 2025 period, a move previously approved by shareholders at the company’s May 2025...
Fluence Seeks ASX Quotation for Over 1.1 Million New Shares
Feb 4, 2026
Fluence Corporation Limited has applied to the Australian Securities Exchange for quotation of 1,113,564 new fully paid ordinary shares issued on 2 February 2026 under an employee incentive scheme. The move modestly increases the company’s q...
Fluence Options Lapse Tightens Capital Structure
Feb 4, 2026
The company reported the lapse of 214,050 options across three series on 29 January 2026 after performance conditions proved unattainable, trimming the pool of potential dilutionary securities. The cessations suggest more disciplined equity manage...
Fluence Releases Q4 and FY 2025 Investor Presentation with Strong Caution on Forward-Looking Data
Jan 29, 2026
Fluence Corporation has released an investor presentation outlining its unaudited Q4 and full-year 2025 results, emphasizing that all financial data for 2025 are preliminary and that prior years’ figures are audited under IFRS. The company u...
Fluence Delivers Strong 2025 Growth on SPS, Recurring Revenue and Ivory Coast Project
Jan 29, 2026
Fluence Corporation reported strong revenue and earnings growth for the fourth quarter and full year 2025, with annual revenue rising 52.3% to US$78.4 million and EBITDA improving by US$8.0 million to US$4.0 million, driven by healthy double-digit...
Fluence Corporation Posts Positive Operating Cash Flow and Builds Cash Reserves in Q4 2025
Jan 29, 2026
Fluence Corporation Limited reported positive operating cash flow for the quarter ended 31 December 2025, generating US$3.8 million from operations and US$10.9 million for the 12‑month period, supported by US$22.3 million in customer receipt...
Fluence Sets Date for Q4 2025 Update and Investor Webcast
Jan 22, 2026
Fluence Corporation Limited has scheduled the release of its Quarterly Business Update and cash flow report for the quarter ended 31 December 2025 on 30 January 2026, and will hold an investor webcast on the same day to present and discuss the res...
Fluence Issues 32 Million Unquoted Options Under Previously Announced Deal
Jan 6, 2026
Fluence Corporation Limited has notified the market of the issuance of 32 million unquoted options, exercisable at A$0.054 and expiring on 30 December 2032. The options, which stem from a previously announced transaction and are not intended to be...
Fluence Discloses Equity Holdings of Newly Appointed Director Benjamin Fash
Jan 4, 2026
Fluence Corporation Limited has appointed Benjamin Fash as a director effective 30 December 2025, disclosing that he holds 1,250,000 fully paid ordinary shares and several tranches of unlisted options with varying exercise prices and maturities. U...
Fluence Discloses Final Interest Notice as Director Thomas Pokorsky Departs Board
Jan 4, 2026
Fluence Corporation Limited has advised the ASX that director Thomas Pokorsky ceased to be a director of the company effective 30 December 2025, in accordance with listing rule disclosure requirements. The company disclosed Pokorsky’s final ...
Fluence Issues 19 Million Unquoted Options Under Employee Incentive Scheme
Dec 22, 2025
Fluence Corporation Limited has issued a total of 19 million unquoted options under an employee incentive scheme, comprising 2 million options exercisable at $0.115 and 17 million options exercisable at $0.082, all expiring on 17 December 2032. Th...
Fluence Issues 11.5 Million Unquoted Options Under Employee Incentive Scheme
Dec 19, 2025
Fluence Corporation Limited has notified the market of the issuance of 11.5 million unquoted options under an employee incentive scheme, comprising 10 million options exercisable at $0.115 and 1.5 million options exercisable at $0.082, both expiri...
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.