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Metal Powder Works Limited
(Sydney:MPW)
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Rating:40Underperform
Price Target:
AU$2.00
▼(-33.33% Downside)
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 position
A positive equity ratio provides a solvency buffer that helps absorb operating losses and supports creditor confidence. Over a 2–6 month horizon this improves the company’s ability to restructure operations, negotiate with lenders or raise incremental capital without immediate insolvency risk.
Negative Factors
Revenue decline
A ~27.6% revenue contraction materially reduces scale and fixed-cost absorption, pressuring margins and operational leverage. Over 2–6 months this diminishes cash generation, limits reinvestment capacity and makes it harder to regain market share without material operational or commercial changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Equity position
A positive equity ratio provides a solvency buffer that helps absorb operating losses and supports creditor confidence. Over a 2–6 month horizon this improves the company’s ability to restructure operations, negotiate with lenders or raise incremental capital without immediate insolvency risk.
Read all positive factors
Metal Powder Works Limited (MPW) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$315.15M
Dividend YieldN/A
Average Volume (3M)486.67K
Price to Earnings (P/E)―
Beta (1Y)2.64
Revenue Growth-9.99%
EPS Growth-245.74%
CountryAU
Employees355
SectorBasic Materials
Sector Strength58
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.11
Shares Outstanding150,070,000
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 Upside30.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.02
Revenue Forecast (FY)AU$13.50M
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
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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
Neutral
3.00
Price Trends
2.16
Negative
2.27
Negative
2.40
Negative
Market Momentum
-0.04
Negative
55.77
Neutral
85.25
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MPW, the sentiment is Neutral. The current price of 3 is above the 20-day moving average (MA) of 1.94, above the 50-day MA of 2.16, and above the 200-day MA of 2.40, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 55.77 is Neutral, neither overbought nor oversold. The STOCH value of 85.25 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$217.15M | 11.00 | 24.98% | 7.62% | 3.98% | 18.90% | |
69 Neutral | AU$172.84M | 5.02 | 15.06% | 3.09% | 5.59% | 14.14% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$133.75M | 33.88 | 3.40% | 2.84% | -1.93% | ― | |
45 Neutral | AU$168.15M | 43.46 | 0.63% | 1.54% | -0.53% | -77.84% | |
44 Neutral | AU$308.41M | -10.32 | -10.21% | ― | 294.23% | 37.64% | |
40 Underperform | AU$315.15M | -20.26 | -68.32% | ― | -9.99% | -245.74% |
* Basic Materials Sector Average
AU:MPW
Metal Powder Works Limited
2.17
0.48
28.40%
AU:BIS
Bisalloy Steel Group Ltd
4.51
0.87
23.77%
AU:ASM
Australian Strategic Materials Ltd
1.14
0.54
89.17%
AU:OMH
OM Holdings Ltd.
0.22
-0.09
-28.57%
AU:BRI
Big River Industries Ltd.
1.44
0.10
7.78%
AU:CAA
Capral Limited
10.80
0.40
3.83%
Metal Powder Works Limited Corporate Events
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...
Metal Powder Works Doubles Powder Revenue as Defence and AM Contracts Build Momentum
Apr 21, 2026
Metal Powder Works reported a strong March 2026 quarter, nearly doubling powder revenue quarter-on-quarter while holding gross margins at about 50 percent, supported by 35 orders split between repeat and first-time customers. Management said 2026 ...
Metal Powder Works issues cleansing notice on new securities
Apr 14, 2026
Metal Powder Works Limited has issued a cleansing notice to the ASX confirming that recently issued securities, referenced in a separate Appendix 2A filing, were offered without a prospectus under the Corporations Act. The company states it is up ...
Metal Powder Works Seeks Quotation for Additional ASX Shares
Apr 14, 2026
Metal Powder Works Limited has applied for quotation on the ASX of additional ordinary fully paid shares, expanding its pool of tradable securities under the ticker MPW. The company is seeking quotation for 115,384 shares issued on April 13, 2026,...
Metal Powder Works’ Titanium Feedstock Clears Key ASTM Hurdles for 3D Printing
Apr 13, 2026
Metal Powder Works has reported that independent testing shows parts made from its DirectPowder CP Titanium Grade 2 meet all ASTM B384 structural benchmarks for titanium when produced via laser powder bed fusion, the largest additive manufacturing...
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.