Orcoda Limited (ODA) AI Stock Analysis

• Market Cap: AU$10.13M
• Dividend Yield: N/A
• Average Volume (3M): 21.64K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.81
• Revenue Growth: -33.93%
• EPS Growth: -366.67%
• Country: AU
• Employees: 10
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): >-0.01
• Shares Outstanding: 187,514,200
• 10 Day Avg. Volume: 21,146
• 30 Day Avg. Volume: 21,636
• PEG Ratio: 0.01
• Price to Book (P/B): 0.69
• Price to Sales (P/S): 0.67
• P/FCF Ratio: -11.53
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: AU$0.05 ▼(-10.00% Downside)
• Action: Reiterated Date: 01/22/26
• Date: Action: Reiterated 01/22/26

The score is driven primarily by weak financial performance, with declining revenue and ongoing losses outweighing the benefit of low leverage. Technicals are only mildly constructive in the very near term (neutral RSI but negative MACD and weaker longer-term moving averages). Valuation is penalized by negative earnings (negative P/E) and no dividend support.

Positive Factors

Manageable leverage / solid equity base

Orcoda's low debt-to-equity (0.23) and high equity ratio (71.92%) provide capital structure flexibility and balance-sheet resilience. This allows the company to fund operations, support implementation projects and absorb short-term shocks without immediate external financing over the next several quarters.

Improving free cash flow generation

A 169% rise in free cash flow (from a negative base) and an FCF-to-net-income ratio of 1.09 signal improving cash conversion. Sustained FCF improvement supports funding product development, professional services delivery and working capital without immediate reliance on external capital, aiding durability over 2–6 months.

Recurring SaaS + services business model

Orcoda's mix of subscription/licensing, professional services and recurring support creates predictable revenue streams and stronger customer retention via implementations. The enterprise software + services model supports durable cash flow visibility and long-term client relationships in logistics operations.

Negative Factors

Declining revenue trend

A 17.36% fall in revenue reduces operating scale and makes fixed-cost absorption harder. Persistent top-line contraction limits reinvestment in sales, R&D and customer success, increasing execution risk and lengthening time to recovery absent a durable improvement in demand or sales effectiveness.

Negative margins and returns

Low gross margin (12.14%) and negative EBIT/EBITDA plus a -14.95% net margin and -15.18% ROE indicate structural profitability shortfalls. These deficits constrain internal funding for product and service investment and require sustained margin improvement to achieve durable financial self-sufficiency.

Cash-flow volatility / operating cash weakness

Operating cash flow lags reported losses, signalling difficulty converting earnings into operating cash. Even with FCF rebound, this volatility raises the likelihood of intermittent financing needs and could hamper consistent delivery of implementations and ongoing support, affecting growth execution.

Orcoda Limited Business Overview & Revenue Model

Company Description

Orcoda Limited provides smart technology transport logistics and transport services for the healthcare, transportation, distribution, and resources sectors in Australia. The company operates in two segments, Resource Logistics, and Healthcare and Transport Logistics. It offers solutions that combine software, management expertise, and contracting services. The company provides Orcoda Notify, a delivery tracking app; and Orcoda Workforce Logistics System, a digital platform that enables control over workforces in various phases and project lifecycles across project personnel, contractors, and suppliers. It also offers Orcoda Logistics Management System, a software that optimize, integrate, and digitally transform customer's transport operations offered to healthcare and transport logistics providers; healthcare logistics, a transport management solution, which improves client outcomes through optimizing transport services delivery; transport logistics solution that incorporates operational and customer service rules, which optimizes fleet's schedule; and resource logistics solution that contracts, manages, and digitally connects projects in oil and gas, mining, and infrastructure. The company was formerly known as SmartTrans Holdings Limited and changed its name to Orcoda Limited in August 2018. Orcoda Limited was incorporated in 1983 and is headquartered in Melbourne, Australia.

How the Company Makes Money

Orcoda Limited generates revenue through multiple streams, primarily from the sale of its software solutions and associated services. The company earns money by offering subscription-based licensing for its software, allowing clients to access its platforms for a recurring fee. Additionally, Orcoda provides consulting services to help businesses implement and optimize their software solutions, which contributes significantly to its revenue. The company also engages in strategic partnerships with other technology firms and industry stakeholders, enhancing its market reach and service offerings. These collaborations can lead to joint ventures and shared revenue opportunities, further boosting Orcoda's earnings.

Orcoda Limited Financial Statement Overview

Summary

Overall financials are weak: revenue fell 17.36% and profitability is negative (net margin -14.95% with negative EBIT/EBITDA margins). Leverage is manageable (debt-to-equity 0.23; equity ratio 71.92%), but ROE is negative (-15.18%) and cash flow remains volatile despite a rebound in free cash flow from a negative base.

Income Statement

Orcoda Limited's income statement reveals a challenging financial period. The company experienced a significant decline in revenue by 17.36% in the most recent year, indicating a downturn in business activity. Gross profit margin decreased to 12.14%, reflecting reduced efficiency in managing production costs. The net profit margin turned negative at -14.95%, highlighting losses. Both EBIT and EBITDA margins are negative, suggesting operational inefficiencies. Despite past revenue growth, the recent decline and negative profitability metrics present concerns.

Balance Sheet

The balance sheet shows a moderate financial position. The debt-to-equity ratio is relatively low at 0.23, indicating manageable leverage. However, the return on equity is negative at -15.18%, reflecting poor profitability relative to shareholder investment. The equity ratio stands at 71.92%, suggesting a solid equity base relative to total assets. While leverage is under control, the negative ROE and declining equity highlight potential risks.

Cash Flow

Cash flow analysis indicates mixed results. Free cash flow grew significantly by 169.47%, but this is from a negative base, indicating volatility. The operating cash flow to net income ratio is negative, suggesting cash flow challenges in covering net losses. The free cash flow to net income ratio is positive at 1.09, indicating some ability to generate cash relative to net income. Despite improvements in free cash flow, overall cash flow stability remains a concern.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	16.82M	16.70M	25.07M	19.91M	16.07M	7.65M
Gross Profit	2.17M	2.03M	5.16M	3.82M	3.56M	1.98M
EBITDA	-531.86K	-1.24M	2.43M	1.49M	890.59K	874.00K
Net Income	-1.55M	-2.50M	905.31K	395.45K	-402.00K	440.01K
Balance Sheet
Total Assets	21.74M	22.87M	24.84M	22.39M	19.74M	17.58M
Cash, Cash Equivalents and Short-Term Investments	2.62M	2.53M	3.69M	4.45M	2.48M	2.37M
Total Debt	4.08M	3.76M	4.23M	4.16M	2.22M	1.85M
Total Liabilities	5.86M	6.42M	7.56M	6.52M	5.38M	4.73M
Stockholders Equity	15.88M	16.45M	17.28M	15.87M	14.36M	12.84M
Cash Flow
Free Cash Flow	-347.43K	-977.36K	1.24M	1.97M	498.03K	266.41K
Operating Cash Flow	-252.78K	-896.13K	1.98M	2.70M	1.09M	336.94K
Investing Cash Flow	-11.34K	38.92K	-1.35M	-1.34M	-1.60M	-740.80K
Financing Cash Flow	-209.16K	-300.54K	-1.39M	722.94K	509.08K	1.40M

Orcoda Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ODA, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.06, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 17.80 is Positive, neither overbought nor oversold. The STOCH value of -12.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ODA.

Orcoda Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WWG	74 Outperform	AU$59.40M	4.98	20.77%	4.55%	66.80%	625.00%
CLX	71 Outperform	AU$180.00M	3.47	11.37%	4.59%	1.33%	-11.07%
KSC	70 Neutral	AU$454.33M	10.20	8.00%	4.73%	-9.67%	-6.49%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
DBI	51 Neutral	AU$2.48B	84.90	8.17%	4.73%	13.19%	14.79%
ODA	49 Neutral	AU$10.13M	-5.05	-14.80%	―	-33.93%	-366.67%

Orcoda Limited Corporate Events

Orcoda issues 1H FY26 results presentation with extensive investor risk disclaimer

Orcoda Limited has released a presentation of its first-half FY26 results, outlining performance and risk considerations for investors under Australian corporate law. The company emphasises that the material is informational only, does not constitute an offer of securities, and should not be the sole basis for any investment decision.

The document underscores that Orcoda’s securities carry investment risks, including potential loss of capital and lack of income or dividends, and that neither the company nor its affiliates guarantee returns or share price performance. It also stresses that certain statements are forward-looking, subject to uncertainties, and that Orcoda assumes no obligation to update them, while disavowing liability for reliance on the presentation’s completeness or accuracy.

Investors are urged to obtain independent legal, financial, and investment advice, as the presentation is not a prospectus, has not been lodged with regulators, and may omit information that a formal disclosure document would contain. The extensive disclaimer highlights Orcoda’s effort to manage legal exposure and frame stakeholder expectations regarding both its disclosed data and future performance indications.

The most recent analyst rating on (AU:ODA) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Orcoda Limited stock, see the AU:ODA Stock Forecast page.

Orcoda Narrows Half-Year Loss as Underlying Earnings Improve but No Dividend Declared

Orcoda Limited reported a 2% rise in revenue and other income to A$9.7 million for the half-year to 31 December 2025, while its net loss attributable to members narrowed 63% to A$566,000 as underlying EBITDA more than doubled to A$146,000. Net tangible asset backing per share slipped to 2.83 cents from 3.21 cents, no dividends were declared for the period, and auditors BDO Australia issued an unmodified review opinion, indicating stable reporting with modest operational improvement but continued losses and no change in group structure.

The company confirmed it neither gained nor lost control of any entities and has no dividend reinvestment plan or associates and joint ventures. Its results, compiled under Australian Accounting Standards and reviewed without qualification, suggest gradual financial progress but an ongoing focus on strengthening the balance sheet and moving towards sustainable profitability, which may temper near-term returns for shareholders.

The most recent analyst rating on (AU:ODA) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Orcoda Limited stock, see the AU:ODA Stock Forecast page.

Orcoda Returns to Positive Cash Flow as Divisions Rebound and AI Solutions Gain Traction

Orcoda reported a stronger third quarter, with cash receipts from customers rising 17% to $5.99 million, operating cash flow turning positive at $1.14 million and free cash flow of $767,000, supported by $4.75 million in available working capital and annual recurring revenue of about $5.4 million. The Transport and Logistics Division increased its recurring revenue and expanded its pipeline in community transport and AI-enabled in-vehicle solutions, while the Resource and Infrastructure Division returned to cash flow positive and profitable after a period of customer-driven weakness, positioning the company to pursue larger domestic and international opportunities and signalling a renewed growth phase following cost reductions and operational streamlining.

The most recent analyst rating on (AU:ODA) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Orcoda Limited stock, see the AU:ODA Stock Forecast page.