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Nuchev Pty Ltd (AU:NUC)
ASX:NUC
Australian Market

Nuchev Pty Ltd (NUC) AI Stock Analysis

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AU:NUC

Nuchev Pty Ltd

(Sydney:NUC)

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Underperform 40 (OpenAI - 5.2)
Rating:40Underperform
Price Target:
AU$0.12
â–Ľ(-0.83% Downside)
The score is primarily held down by weak financial quality—ongoing losses and negative operating/free cash flow—despite strong revenue growth and low leverage. Technicals add further pressure as the stock trades below major moving averages with bearish momentum. Valuation is also constrained because the company is loss-making (negative P/E) and no dividend yield is provided.
Positive Factors
Strong revenue growth
Sustained high top-line growth indicates rising product adoption and distribution traction across channels. Over 2–6 months this supports scale benefits, inventory turns and negotiating leverage with retailers/distributors, improving long-term path to profitability if costs are controlled.
Niche product differentiation (goat milk formula)
A clear product niche in goat milk infant and children’s nutrition creates differentiation versus commodity cow‑milk formulas. This structural edge supports brand loyalty, premium positioning and export appeal, helping durable demand and margin resilience if quality and safety standards are maintained.
Conservative leverage profile
Low debt levels provide financial flexibility to fund marketing, product development, and international expansion without immediate refinancing risk. Over the medium term this reduces solvency pressure while the company works to convert revenue growth into operating profits.
Negative Factors
Persistent unprofitability
Ongoing negative EBIT and net margins indicate the business has not yet converted sales into sustainable profits. If losses persist, the company may need recurring external funding or margin restructuring, both of which can constrain long‑term reinvestment and shareholder returns.
Negative operating and free cash flow
Negative operating and free cash flow signal the core business is consuming cash, limiting the firm's ability to self‑fund growth, inventory needs and marketing. Over months this increases reliance on financing, which can dilute equity or restrict strategic initiatives if not remediated.
Negative return on equity
A negative ROE shows the company is not earning returns on invested capital, undermining long‑term shareholder value creation. Persistently negative ROE makes it harder to attract new equity capital and indicates the business model or cost structure needs structural improvement to deliver acceptable returns.

Nuchev Pty Ltd (NUC) vs. iShares MSCI Australia ETF (EWA)

Nuchev Pty Ltd Business Overview & Revenue Model

Company DescriptionNuchev Pty Ltd (NUC) is an Australian-based company that specializes in the development and distribution of premium, goat milk-based nutritional products. Operating primarily in the infant formula and functional food sectors, Nuchev focuses on producing high-quality, natural alternatives to traditional cow's milk products. The company's core offerings include a range of infant formula, toddler milk, and other dietary supplements that cater to health-conscious consumers. Nuchev is committed to sustainability and ethical sourcing, ensuring that its products are not only nutritious but also environmentally friendly.
How the Company Makes MoneyNuchev Pty Ltd generates revenue primarily through the sale of its goat milk-based infant formula and related nutritional products. The company employs a direct-to-consumer sales model, alongside partnerships with retailers and distributors to expand its market reach. Key revenue streams include online sales through its own e-commerce platform and third-party retailers, as well as bulk sales to health food stores and supermarkets. Significant partnerships with health and wellness influencers and nutritionists also contribute to brand awareness and customer acquisition, driving sales growth. Additionally, Nuchev may benefit from strategic alliances with distributors that facilitate entry into international markets, thereby enhancing its revenue potential.

Nuchev Pty Ltd Financial Statement Overview

Summary
Strong revenue growth (+45.28%) is a clear positive, but it is outweighed by persistent unprofitability (negative EBIT and net margins) and weak cash generation (negative operating and free cash flow). Low leverage helps, but negative ROE and cash flow pressure keep the financial profile weak.
Income Statement
35
Negative
Nuchev Pty Ltd has shown significant revenue growth of 45.28% in the latest year, indicating strong sales momentum. However, the company is struggling with profitability, as evidenced by negative net profit margins and EBIT margins. The gross profit margin is moderate, but the persistent negative EBIT and net income highlight ongoing operational challenges.
Balance Sheet
40
Negative
The company's debt-to-equity ratio is low, suggesting conservative leverage. However, the return on equity is negative, reflecting the company's inability to generate profits from its equity base. The equity ratio is relatively stable, indicating a solid asset base, but the negative ROE is a concern for investors.
Cash Flow
30
Negative
Nuchev Pty Ltd's cash flow situation is challenging, with negative operating and free cash flows. The free cash flow growth rate is negative, and the operating cash flow to net income ratio is unfavorable, indicating cash flow issues. The company needs to improve its cash generation to support its operations and growth.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue22.94M22.94M11.34M8.79M9.72M10.90M
Gross Profit10.86M10.86M3.63M1.90M2.78M3.20M
EBITDA-3.73M-3.73M-7.18M-8.57M-10.88M-12.40M
Net Income-3.82M-3.82M-7.32M-8.81M-11.11M-13.27M
Balance Sheet
Total Assets17.39M17.39M20.09M15.32M17.75M28.31M
Cash, Cash Equivalents and Short-Term Investments3.61M3.61M7.61M7.49M5.13M14.53M
Total Debt392.63K392.63K322.85K284.14K154.12K286.33K
Total Liabilities6.16M6.16M5.34M2.51M1.92M1.62M
Stockholders Equity11.23M11.23M14.75M12.82M15.83M26.69M
Cash Flow
Free Cash Flow-3.93M-3.93M-3.74M-3.38M-11.62M-9.86M
Operating Cash Flow-3.74M-3.74M-3.73M-3.26M-11.61M-9.49M
Investing Cash Flow-138.16K-138.16K-2.19M-126.83K-914.20K411.90K
Financing Cash Flow-115.53K-115.53K6.06M5.78M-118.28K14.16M

Nuchev Pty Ltd Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.12
Price Trends
50DMA
0.14
Negative
100DMA
0.14
Negative
200DMA
0.16
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
53.68
Neutral
STOCH
27.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NUC, the sentiment is Neutral. The current price of 0.12 is below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.14, and below the 200-day MA of 0.16, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 53.68 is Neutral, neither overbought nor oversold. The STOCH value of 27.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:NUC.

Nuchev Pty Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
54
Neutral
AU$35.84M-1.48-31.14%―-15.07%29.45%
42
Neutral
AU$8.39M-0.24-184.71%―39.53%49.99%
40
Underperform
AU$21.17M-5.17-29.43%―102.21%69.47%
40
Underperform
AU$33.25M-0.22――1.03%-52.56%
40
Underperform
AU$22.55M-3.66-20.54%―13.92%36.28%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:NUC
Nuchev Pty Ltd
0.14
0.02
12.50%
AU:NOU
Noumi Limited
0.12
-0.04
-25.00%
AU:AHF
Australian Dairy Nutritionals Group
0.03
-0.03
-56.67%
AU:WNX
Wellnex Life Ltd
0.12
-0.54
-81.85%
AU:MBH
Maggie Beer Holdings Ltd.
0.08
0.02
40.35%

Nuchev Pty Ltd Corporate Events

Nuchev Balances Softer Practitioner and International Sales With Solid Oli6 Performance and Positive Cash Flow
Jan 30, 2026

Nuchev reported second-quarter FY26 group sales revenue of $5.3 million, down 19% quarter-on-quarter and 13% year-on-year, with steady performance in its core Oli6 retail business offset by a sharp 48% quarterly decline in practitioner-channel revenue amid softer trading conditions. Despite weaker international sales due to shipment timing and delayed launches, the company generated a net operating cash inflow of $0.8 million, ended the quarter with $3.1 million in cash and no debt, and highlighted new product development across both consumer and practitioner lines as a key driver for future portfolio expansion and scale in ANZ and overseas markets.

The most recent analyst rating on (AU:NUC) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Nuchev Pty Ltd stock, see the AU:NUC Stock Forecast page.

Nuchev Director Increases Equity Stake via Incentive Plan Conversion
Jan 21, 2026

Nuchev Limited has disclosed a change in director Elizabeth Jean Smith’s interests following the exercise of unquoted share rights under the company’s Equity Incentive Plan, which was approved at the November 2024 AGM. Smith has received 278,750 ordinary shares in lieu of director fees valued at A$35,680, increasing her holding from no ordinary shares to 278,750, while her unquoted share rights decreased from 491,017 to 212,267, reflecting the vesting and conversion of incentives into equity and further aligning her interests with shareholders.

The most recent analyst rating on (AU:NUC) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Nuchev Pty Ltd stock, see the AU:NUC Stock Forecast page.

Nuchev Director Increases Shareholding Through Equity Incentive Plan
Jan 21, 2026

Nuchev Limited has announced a change in the interests of director Craig Silbery, following the exercise of unquoted share rights under the company’s Equity Incentive Plan. Silbery acquired 474,746 ordinary shares on 22 January 2026 through the conversion of vested share rights issued in lieu of directors’ fees, increasing his direct holding to 5,560,116 ordinary shares while reducing his unquoted share rights to 350,990. The transaction, approved under the company’s previously endorsed incentive framework, further aligns the director’s remuneration with shareholder interests and reflects ongoing use of equity-based compensation at the company.

The most recent analyst rating on (AU:NUC) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Nuchev Pty Ltd stock, see the AU:NUC Stock Forecast page.

Nuchev Director Increases Shareholding Through Equity Incentive Plan
Jan 21, 2026

Nuchev Limited has reported a change in director Ben Dingle’s interests following the exercise of unquoted share rights granted under the company’s Equity Incentive Plan in lieu of director fees. Dingle converted vested share rights valued at $61,325 into 479,102 ordinary shares, increasing his direct holding to 479,102 shares while maintaining an additional 37,853,680 shares held indirectly via 402339 Pty Ltd as trustee for the Whiti Trust, with the transaction occurring outside a closed period and reflecting ongoing alignment of director compensation with shareholder equity.

The most recent analyst rating on (AU:NUC) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Nuchev Pty Ltd stock, see the AU:NUC Stock Forecast page.

Nuchev Issues 1.23 Million New Shares Under Cleansing Notice
Jan 21, 2026

Nuchev Limited has issued 1,232,598 fully paid ordinary shares without a prospectus under the Corporations Act’s disclosure exemptions, confirming that it remains compliant with its continuous and financial reporting obligations and that there is no undisclosed price-sensitive information requiring release. The cleansing notice supports secondary trading of the newly issued shares by assuring investors that the company’s disclosure record is current, thereby facilitating capital management while maintaining transparency for shareholders and the broader market.

The most recent analyst rating on (AU:NUC) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Nuchev Pty Ltd stock, see the AU:NUC Stock Forecast page.

Nuchev Seeks ASX Quotation for 1.23 Million New Ordinary Shares
Jan 21, 2026

Nuchev Limited has applied to the ASX for quotation of 1,232,598 new ordinary fully paid shares, to be traded under its existing ticker NUC. The new securities, issued on 22 January 2026 following the exercise or conversion of existing options or convertible instruments, will increase the company’s free float and potentially enhance liquidity for shareholders, reflecting ongoing capital structure activity but without disclosing any broader strategic change in this notice.

The most recent analyst rating on (AU:NUC) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Nuchev Pty Ltd stock, see the AU:NUC Stock Forecast page.

Nuchev Names Veteran Executive Matt Parker as Interim CFO
Dec 23, 2025

Nuchev Limited has appointed Matt Parker as Interim Chief Financial Officer for six months starting 6 January 2026, bringing more than 25 years of financial and commercial leadership across FMCG, healthcare, manufacturing, retail and civil construction, including previous CFO and company secretary roles at several ASX-listed companies. The appointment signals a strengthening of Nuchev’s financial leadership as it continues to grow its nutritional and wellness portfolio across Australia, New Zealand, China and Vietnam, potentially supporting tighter financial governance and execution during a period of ongoing expansion in highly competitive consumer and practitioner-focused markets.

The most recent analyst rating on (AU:NUC) stock is a Sell with a A$0.12 price target. To see the full list of analyst forecasts on Nuchev Pty Ltd stock, see the AU:NUC Stock Forecast page.

Nuchev Limited Reports Cessation of 4.3 Million Share Rights
Dec 18, 2025

Nuchev Limited has announced the cessation of 4,328,723 share rights due to the lapse of conditional rights that failed to meet specified criteria. This move reduces the company’s issued capital, potentially influencing its market operations and stakeholders while reflecting adjustments to its securities governance strategy.

The most recent analyst rating on (AU:NUC) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Nuchev Pty Ltd stock, see the AU:NUC Stock Forecast page.

Nuchev Limited Announces Director’s Interest Change
Dec 9, 2025

Nuchev Limited has announced a change in the director’s interest, specifically involving Meng Zhang, known as Leo. The company has issued 385,454 unquoted share rights to Zhang under its Equity Incentive Plan, in lieu of payment of directors’ fees amounting to $67,033.50. This move, approved at the recent AGM, reflects the company’s strategy to align director compensation with its equity performance, potentially impacting stakeholder perceptions and director engagement.

The most recent analyst rating on (AU:NUC) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Nuchev Pty Ltd stock, see the AU:NUC Stock Forecast page.

Nuchev Limited Updates Director Interest Notices and Enhances Compliance
Dec 9, 2025

Nuchev Limited announced changes in the interests of its directors due to the issuance of unquoted share rights in lieu of director fees, as approved in their annual meeting. This adjustment, initially omitted due to an administrative oversight, has prompted the company to enhance its transparency and compliance procedures. The changes reflect Nuchev’s commitment to maintaining robust governance practices, which is crucial for its stakeholders and market reputation.

The most recent analyst rating on (AU:NUC) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Nuchev Pty Ltd stock, see the AU:NUC Stock Forecast page.

Nuchev Limited Announces Successful AGM Results
Nov 28, 2025

Nuchev Limited announced the successful results of its Annual General Meeting, where all resolutions were passed by a poll. This outcome reflects strong shareholder support and may positively impact the company’s governance and strategic direction, reinforcing its position in the nutritional and wellness industry.

The most recent analyst rating on (AU:NUC) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Nuchev Pty Ltd stock, see the AU:NUC Stock Forecast page.

Nuchev Limited Outlines Strategic Priorities for Growth
Nov 28, 2025

Nuchev Limited has announced its strategic priorities to enhance its global presence and accelerate innovation. The company plans to strengthen its brand, drive sales growth through improved marketing, and maintain financial strength, which could positively impact its market positioning and stakeholder confidence.

The most recent analyst rating on (AU:NUC) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Nuchev Pty Ltd stock, see the AU:NUC Stock Forecast page.

Nuchev Restructures Executive Team for Growth
Nov 6, 2025

Nuchev Limited has restructured its executive team by transitioning the combined COO/CFO role into a standalone CFO position, leading to the departure of Mick Myers. This change is part of Nuchev’s strategy to support its next phase of growth and streamline operations, following significant contributions from Myers in organizational transformation and strategic agreements.

The most recent analyst rating on (AU:NUC) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Nuchev Pty Ltd stock, see the AU:NUC Stock Forecast page.

Nuchev Limited Corrects Market Announcement on $2 Million Facility
Nov 5, 2025

Nuchev Limited announced a correction to a previous market announcement regarding a $2 million unsecured facility, initially omitting the parties involved due to administrative oversight. The facility is funded by two major shareholders, 402339 Pty Ltd ATF the Whiti Trust and H&S Global Holdings Pty Ltd ATF the H&S Investment Unit Trust. The company has revised its procedures to enhance transparency and compliance, reflecting its commitment to maintaining stakeholder trust.

The most recent analyst rating on (AU:NUC) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Nuchev Pty Ltd stock, see the AU:NUC Stock Forecast page.

Nuchev Limited Issues Unquoted Securities Under Employee Incentive Scheme
Oct 31, 2025

Nuchev Limited announced the issuance of 917,467 unquoted securities under an employee incentive scheme, which are subject to transfer restrictions and will not be quoted on the ASX until these restrictions are lifted. This move is part of the company’s strategy to incentivize its workforce, potentially impacting its operational dynamics and aligning employee interests with long-term company performance.

The most recent analyst rating on (AU:NUC) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Nuchev Pty Ltd stock, see the AU:NUC Stock Forecast page.

Nuchev Limited Reaffirms Commitment to Corporate Governance Standards
Oct 31, 2025

Nuchev Limited, a company listed on the ASX under the code NUC, has released its 2025 Corporate Governance Statement, emphasizing its commitment to high standards of corporate governance. The company adheres to the ASX Corporate Governance Principles and Recommendations, ensuring transparency, fair dealing, and stakeholder protection. The statement outlines the company’s governance practices and compliance with the ASX guidelines, highlighting areas where recommendations were not followed and the alternative practices adopted. This approach aims to maintain stakeholder trust and ensure legal compliance.

The most recent analyst rating on (AU:NUC) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Nuchev Pty Ltd stock, see the AU:NUC Stock Forecast page.

Nuchev’s 2025 Vision: Leading Global Wellness Transformation
Oct 31, 2025

Nuchev Pty Ltd has released its 2025 Annual Report, emphasizing its vision to become a global leader as a House of Brands focused on transforming wellness, longevity, and quality of life through therapeutic, future-focused solutions. The report outlines the company’s commitment to inspiring healthier and happier futures, with a focus on risk and governance, directors’ and remuneration reports, and financial statements, indicating a strategic approach to enhancing its market position and stakeholder value.

The most recent analyst rating on (AU:NUC) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Nuchev Pty Ltd stock, see the AU:NUC Stock Forecast page.

Nuchev Limited Announces 2025 Annual General Meeting
Oct 30, 2025

Nuchev Limited has announced the notice of its 2025 Annual General Meeting, which will be held virtually on November 28, 2025. This meeting is significant for shareholders as it affects their shareholding and voting rights. The company continues to emphasize its commitment to providing high-quality nutritional and wellness products, reflecting its strategic positioning in the industry.

The most recent analyst rating on (AU:NUC) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Nuchev Pty Ltd stock, see the AU:NUC Stock Forecast page.

Nuchev Reports Strong Q1 FY26 Revenue Growth Amidst Strategic Market Expansion
Oct 30, 2025

Nuchev Pty Ltd reported a 30% increase in group revenue to $6.5 million for Q1 FY26, driven by strong sales in the ANZ region and successful market entry into Vietnam. The company’s Oli6® Nutritional sales showed significant growth, particularly in China and Vietnam, underscoring the brand’s market strength and strategic distribution partnerships. Despite cash flow challenges due to production costs and timing, Nuchev remains focused on profitability and market expansion through new product development and strategic agreements.

The most recent analyst rating on (AU:NUC) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Nuchev Pty Ltd stock, see the AU:NUC Stock Forecast page.

Nuchev Secures $2 Million Working Capital Facility to Boost Growth
Oct 30, 2025

Nuchev Limited has secured a $2 million unsecured Working Capital Facility funded by two substantial shareholders. This facility will enable the company to expedite its growth plans, providing flexibility to explore further expansion opportunities and aim for positive cash flows and profitability in the short to medium term.

The most recent analyst rating on (AU:NUC) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Nuchev Pty Ltd stock, see the AU:NUC Stock Forecast page.

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.Date of analysis: Jan 30, 2026