Want to see AU:MPW full AI Analyst Report?
Top Page
Metal Powder Works Limited
(Sydney:MPW)
Select Model
Select Model
Rating:40Underperform
Price Target:
AU$2.00
▲(8.70% Upside)
Action:Downgraded
Date:06/11/26
The score is primarily weighed down by weak financial performance (declining revenue, ongoing losses, negative cash flows, and high leverage). Technicals add further pressure with a clear downtrend and weak momentum indicators. Valuation is also unattractive due to a negative P/E and no dividend support.
Positive Factors
Equity buffer on balance sheet
A positive equity ratio provides a durable capital buffer that supports ongoing operations and absorbs shocks. Over several months this stability aids credibility with lenders and suppliers, giving the company time to execute turnarounds or restructure without immediate solvency pressure.
Negative Factors
Sharp revenue contraction
A near 28% revenue decline is a structural concern: it reduces scale economics and weakens bargaining power with suppliers and customers. Persistent top-line shrinkage impairs margin recovery, limits reinvestment capacity, and makes multi-month operational recovery more difficult without clear demand restoration.
Read all positive and negative factors
Positive Factors
Negative Factors
Equity buffer on balance sheet
A positive equity ratio provides a durable capital buffer that supports ongoing operations and absorbs shocks. Over several months this stability aids credibility with lenders and suppliers, giving the company time to execute turnarounds or restructure without immediate solvency pressure.
Read all positive factors
Metal Powder Works Limited (MPW) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$288.26M
Dividend YieldN/A
Average Volume (3M)486.67K
Price to Earnings (P/E)―
Beta (1Y)2.66
Revenue Growth-9.99%
EPS Growth-245.74%
CountryAU
Employees355
SectorBasic Materials
Sector Strength58
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.11
Shares Outstanding150,137,510
10 Day Avg. Volume597,415
30 Day Avg. Volume486,665
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)18.01
Price to Sales (P/S)92.51
P/FCF Ratio-48.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$3.90Price Target Upside111.96% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.02
Revenue Forecast (FY)AU$13.48M
Metal Powder Works Limited Business Overview & Revenue Model
Company Description
Metal Powder Works Limited produces metal powders for additive manufacturing and other advanced applications. Its powder portfolio includes aluminum and copper alloys, zirconium, titanium, and specialty alloys, such as CP-Ti and Zircaloy. The comp...
How the Company Makes Money
null...
Metal Powder Works Limited Financial Statement Overview
Summary
Income Statement
30
Negative
Balance Sheet
40
Negative
Cash Flow
35
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.74M | 1.60M | 2.21M | 3.10M | 3.70M | 1.56M |
| Gross Profit | -866.11K | 334.84K | 823.97K | 1.59M | 2.28M | 780.67K |
| EBITDA | -8.43M | -5.56M | -722.93K | -5.33M | -6.15M | -4.24M |
| Net Income | -11.27M | -6.19M | -1.15M | -6.43M | -5.96M | -4.48M |
Balance Sheet | ||||||
| Total Assets | 20.65M | 10.33M | 3.48M | 5.48M | 6.84M | 7.25M |
| Cash, Cash Equivalents and Short-Term Investments | 15.31M | 6.31M | 301.23K | 1.56M | 3.77M | 5.10M |
| Total Debt | 338.78K | 1.07M | 3.56M | 3.51M | 437.32K | 85.21K |
| Total Liabilities | 1.30M | 2.10M | 4.49M | 6.72M | 2.19M | 1.33M |
| Stockholders Equity | 19.35M | 8.22M | -1.01M | -1.23M | 4.65M | 5.92M |
Cash Flow | ||||||
| Free Cash Flow | -8.78M | -3.07M | -2.02M | -4.79M | -4.84M | -4.00M |
| Operating Cash Flow | -5.90M | -2.54M | -1.98M | -4.53M | -4.68M | -3.77M |
| Investing Cash Flow | -2.65M | -301.04K | 109.33K | -266.02K | -154.53K | -272.17K |
| Financing Cash Flow | 28.42M | 8.96M | 1.35M | 1.88M | 3.50M | 5.61M |
Metal Powder Works Limited Technical Analysis
Negative
1.84
Price Trends
1.96
Negative
2.19
Negative
2.22
Negative
Market Momentum
>-0.01
Negative
48.11
Neutral
39.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MPW, the sentiment is Negative. The current price of 1.84 is below the 20-day moving average (MA) of 1.91, below the 50-day MA of 1.96, and below the 200-day MA of 2.22, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.11 is Neutral, neither overbought nor oversold. The STOCH value of 39.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MPW.
Metal Powder Works Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$236.84M | 12.02 | 24.98% | 9.45% | 3.98% | 18.90% | |
68 Neutral | AU$176.64M | 5.19 | 15.06% | 2.79% | 5.59% | 14.14% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | AU$133.28M | 33.29 | 3.40% | 2.86% | -1.93% | ― | |
44 Neutral | AU$338.58M | -11.09 | -10.21% | 12.45% | 294.23% | 37.64% | |
43 Neutral | AU$171.97M | 45.56 | 0.63% | 1.54% | -0.53% | -77.84% | |
40 Underperform | AU$288.26M | -17.93 | -72.10% | ― | -9.99% | -245.74% |
* Basic Materials Sector Average
AU:MPW
Metal Powder Works Limited
1.92
-1.08
-36.00%
AU:BIS
Bisalloy Steel Group Ltd
4.93
0.67
15.59%
AU:ASM
Australian Strategic Materials Ltd
1.22
0.64
110.34%
AU:OMH
OM Holdings Ltd.
0.23
-0.05
-19.35%
AU:BRI
Big River Industries Ltd.
1.42
0.07
5.13%
AU:CAA
Capral Limited
11.15
0.02
0.14%
Metal Powder Works Limited Corporate Events
Metal Powder Works Wins First Press-and-Sinter Copper Powder Order
Jul 29, 2026
Metal Powder Works has secured an initial production purchase order from Advantage Metal Powders, Inc. for pure copper powder in add-mix applications, following successful qualification to industry-wide specifications. The company is also supplyin...
Metal Powder Works names new COO to drive production scale-up
Jul 22, 2026
Metal Powder Works has appointed metallurgist Dr Ahmed El Desouky as Chief Operating Officer, bolstering its executive team as it enters a phase of production scale-up, customer qualification and commercial growth. Dr El Desouky, who previously le...
Metal Powder Works resolves conflict concerns with sale of director‑linked shares
Jul 2, 2026
Metal Powder Works Limited has disclosed that The Barnes Global Advisors, an entity associated with managing director and co‑founder John Barnes, has sold its entire holding of 376,143 ordinary shares in the company. The sale was executed vi...
Metal Powder Works seals Jet Metals deal to target copper powder demand
Jun 8, 2026
Metal Powder Works has signed its first Powder Partner Program agreement in the press-and-sinter market with U.S.-based Jet Metals, which will evaluate MPW’s C10100 and C14500 copper powders as add-mix materials for iron-based structural com...
Metal Powder Works issues cleansing notice for new ASX securities
May 29, 2026
Metal Powder Works Limited, an advanced materials producer of metal powders for additive manufacturing, operates from Pittsburgh and has developed a patented DirectPowder process that improves yield and affordability across a portfolio of more tha...
Metal Powder Works Seeks ASX Quotation for Additional Ordinary Shares
May 29, 2026
Metal Powder Works Limited has applied for quotation on the ASX of 38,462 new ordinary fully paid shares under code MPW, with an issue date of 29 May 2026. The additional securities, arising from the exercise or conversion of existing instruments,...
Metal Powder Works lodges cleansing notice for recent ASX share issue
May 1, 2026
Metal Powder Works Limited has lodged a cleansing statement with the ASX confirming that recently issued securities were made without a prospectus under the Corporations Act’s exemption provisions. The company stated it is up to date with it...
Metal Powder Works Seeks ASX Quotation for Additional Shares
May 1, 2026
Metal Powder Works Limited has applied for quotation on the ASX of 38,462 new ordinary fully paid shares, with an issue date of 1 May 2026. The modest size of the securities issuance suggests a routine capital management or option conversion event...
Metal Powder Works to Brief Investors on Q3 Results via Webinar
May 1, 2026
Metal Powder Works Limited will host an investor webinar on 5 May to discuss its third-quarter fiscal 2026 results, with founder and managing director John Barnes presenting an overview of quarterly performance and recent developments. The session...
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.