K-TIG Ltd (AU:MPW)
ASX:MPW
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Metal Powder Works Limited
(Sydney:MPW)
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Rating:47Neutral
Price Target:
AU$2.50
â–Ľ(-16.67% Downside)
Action:Reiterated
Date:04/30/26
The score is primarily constrained by weak financial performance (declining revenue, ongoing losses, negative operating/free cash flow, and high leverage). Technicals provide partial support (price above major moving averages with mildly positive momentum), but valuation is difficult to justify given the negative P/E and no dividend data.
Positive Factors
Stable equity buffer
A positive equity ratio indicates a meaningful capital buffer that can absorb losses and support ongoing operations. This structural strength improves the company’s ability to withstand cyclical shocks, access financing on better terms, and pursue restructuring or investment without immediate solvency risk.
Negative Factors
Sharp revenue decline
A rapid, material drop in revenue undermines the firm’s ability to cover fixed costs and amortize capital investments. Structurally lower sales reduce scale advantages, weaken customer relationships, and make margin recovery and profitable growth more difficult over the medium term without clear market or product fixes.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable equity buffer
A positive equity ratio indicates a meaningful capital buffer that can absorb losses and support ongoing operations. This structural strength improves the company’s ability to withstand cyclical shocks, access financing on better terms, and pursue restructuring or investment without immediate solvency risk.
Read all positive factors
Metal Powder Works Limited (MPW) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$328.57M
Dividend YieldN/A
Average Volume (3M)486.67K
Price to Earnings (P/E)―
Beta (1Y)2.62
Revenue Growth-9.99%
EPS Growth-245.74%
CountryAU
Employees11
SectorBasic Materials
Sector Strength58
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.09
Shares Outstanding150,031,540
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)-0.04
Revenue Forecast (FY)AU$4.50M
Metal Powder Works Limited Business Overview & Revenue Model
Company Description
Metal Powder Works Limited (MPW, formerly K-Tig Limited) is a transformative, industry-disrupting welding technology that seeks to change the economics of fabrication. MPW's high-speed precision welding technology welds up to 100 times faster than...
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 | 1.90M | 1.60M | 2.21M | 3.10M | 3.70M | 1.56M |
| Gross Profit | -1.23M | 334.84K | 823.97K | 1.59M | 2.28M | 780.67K |
| EBITDA | -6.75M | -5.56M | -722.93K | -5.33M | -6.15M | -4.24M |
| Net Income | -9.42M | -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 | -6.74M | -3.07M | -2.02M | -4.79M | -4.84M | -4.00M |
| Operating Cash Flow | -4.64M | -2.54M | -1.98M | -4.53M | -4.68M | -3.77M |
| Investing Cash Flow | -1.87M | -301.04K | 109.33K | -266.02K | -154.53K | -272.17K |
| Financing Cash Flow | 21.78M | 8.96M | 1.35M | 1.88M | 3.50M | 5.61M |
Metal Powder Works Limited Technical Analysis
Negative
3.00
Price Trends
2.38
Negative
2.43
Negative
2.65
Negative
Market Momentum
-0.03
Positive
34.02
Neutral
16.43
Positive
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 3 is above the 20-day moving average (MA) of 2.60, above the 50-day MA of 2.38, and above the 200-day MA of 2.65, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 34.02 is Neutral, neither overbought nor oversold. The STOCH value of 16.43 is Positive, 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | AU$890.66M | 13.05 | 65.33% | 1.49% | 39.72% | 59.09% | |
71 Outperform | AU$156.13M | 3.47 | 14.98% | 4.59% | 3.92% | 28.74% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$74.11M | -1.38 | -34.30% | 1.28% | -23.73% | -473.80% | |
47 Neutral | AU$328.57M | -19.19 | -68.32% | ― | -9.99% | -245.74% | |
41 Neutral | AU$91.83M | -4.86 | -29.37% | ― | -42.46% | -64.36% |
* Basic Materials Sector Average
AU:MPW
Metal Powder Works Limited
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271.19%
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Metal Powder Works Limited Corporate Events
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...
Metal Powder Works lodges cleansing notice for new securities issue
Mar 18, 2026
Metal Powder Works Limited has notified the ASX that it has issued new securities without a prospectus under the Corporations Act’s exemption provisions, in connection with securities previously disclosed in an Appendix 2A. The company confi...
Metal Powder Works Seeks ASX Quotation for New Share Issue
Mar 18, 2026
Metal Powder Works Limited has lodged an application with the ASX for quotation of 80,769 new ordinary fully paid shares, to be issued on March 18, 2026 under the code MPW. The new securities arise from the exercise or conversion of existing optio...
Metal Powder Works issues cleansing notice on new securities
Mar 11, 2026
Metal Powder Works Limited has issued a cleansing statement to the ASX confirming that recently issued securities, referenced in a separate Appendix 2A, were offered without a prospectus under the Corporations Act’s disclosure exemptions. Th...
Metal Powder Works Seeks ASX Quotation for Nearly 3 Million New Shares
Mar 11, 2026
Metal Powder Works Limited has applied for quotation on the ASX of 2,980,766 new ordinary fully paid shares, issued on 4 March 2026, under its ticker MPW. The additional securities, arising from the exercise or conversion of existing instruments, ...
Macquarie Group Exits Substantial Holder Position in Metal Powder Works
Mar 11, 2026
Macquarie Group Limited has notified Metal Powder Works that it has ceased to be a substantial holder in the company, filing a formal notice under Australian corporations law. The change indicates that Macquarie and its extensive network of contro...
Metal Powder Works lodges cleansing notice for newly issued securities
Mar 5, 2026
Metal Powder Works Limited, an ASX-listed producer of advanced metal powders for additive manufacturing, operates from its Pittsburgh headquarters and manufacturing base, supplying a portfolio of more than 16 powders spanning aluminum, copper allo...
Metal Powder Works Seeks ASX Quotation for 1.65 Million New Shares
Mar 5, 2026
Metal Powder Works Limited has applied to the Australian Securities Exchange for quotation of 1,646,157 new ordinary fully paid shares, issued on March 5, 2026. The additional securities, arising from the exercise or conversion of existing instrum...
Metal Powder Works to Brief Investors on Half-Year Results via Webinar
Mar 2, 2026
Metal Powder Works Limited, a Pittsburgh-based producer of advanced metal powders for additive manufacturing, has built its business around a patented DirectPowder non-thermal process that aims to deliver higher-yield, more affordable powders acro...
Metal Powder Works to List 6.1 Million Newly Tradable Shares on ASX
Mar 2, 2026
Metal Powder Works Limited has applied for quotation on the ASX of 6,107,264 ordinary fully paid shares, with an issue date of March 2, 2026. The application relates to restricted securities whose escrow periods have expired or are about to expire...
Metal Powder Works Strikes Cold Spray Tooling Pact With CenterLine to Enter Auto Market
Mar 1, 2026
Metal Powder Works has signed a Powder Partner agreement with Canadian firm CenterLine to co-develop advanced metal powder materials for cold spray applications, targeting automotive tooling. The deal leverages MPW’s DirectPowder technology ...
Metal Powder Works widens half-year loss but doubles net tangible assets
Feb 26, 2026
Metal Powder Works Limited reported a sharp widening of its half-year loss to $3.7 million for the period ended 31 December 2025, compared with a loss of $0.86 million a year earlier, reflecting a 330.1% increase in losses attributable to sharehol...
Metal Powder Works Secures UK Defence Additive Manufacturing Contract
Feb 25, 2026
Metal Powder Works has received a purchase order under the UK Ministry of Defence’s Project TAMPA to supply a titanium component produced using its in-house powder production and additive manufacturing capabilities. The collaboration will se...
Metal Powder Works to Lift Escrow on Major Parcel of Shares and Options
Feb 20, 2026
Metal Powder Works Limited has announced that a significant parcel of securities currently under mandatory escrow, including more than six million fully paid ordinary shares, several tranches of unlisted options, and over 23 million performance ri...
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.