Orion Equities Limited (OEQ) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 4.16K
• Price to Earnings (P/E): 1.7
• Beta (1Y): 0.67
• Revenue Growth: -95.37%
• EPS Growth: -55.83%
• Country: AU
• Employees: 4
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): >-0.01
• Shares Outstanding: 15,649,228
• 10 Day Avg. Volume: 1,744
• 30 Day Avg. Volume: 4,156
• PEG Ratio: -0.03
• Price to Book (P/B): 0.34
• Price to Sales (P/S): 4.68
• P/FCF Ratio: 0.84
• 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: 65 Neutral
• Price Target: AU$0.22 ▲(19.44% Upside)
• Action: Reiterated Date: 01/20/26
• Date: Action: Reiterated 01/20/26

The score is driven primarily by uneven financial performance—strong balance sheet and improving cash flow, offset by highly volatile revenues and negative operating profitability in 2025. Valuation is a notable positive due to the very low P/E, while technical signals are mixed with overbought RSI and negative MACD tempering momentum.

Positive Factors

Conservative balance sheet

A zero-debt balance sheet and low leverage provide durable financial flexibility, lowering default risk and enabling the company to fund operations, opportunistic acquisitions, or capital returns without reliance on volatile capital markets, strengthening resilience over 2–6 months.

Improving cash generation

Material improvement in operating and free cash flow, with FCF roughly matching net income in 2025, indicates stronger internal funding capacity. Positive cash coverage supports reinvestment, working capital needs, and cushions against revenue swings, aiding medium-term stability.

Stronger equity base and ROE

An increasing equity base alongside positive, solid ROE in recent years shows the company is producing returns on capital and retaining or generating capital internally. This supports long-term funding capacity and demonstrates improving capital efficiency versus prior periods.

Negative Factors

Severe revenue volatility

An 81.6% YoY revenue collapse signals highly volatile top-line performance, undermining predictability of cash flows and margins. Such extreme swings impair planning, make organic growth targets unreliable, and raise execution risk for sustaining earnings over the medium term.

Negative operating profitability

Operating losses in 2025 show core business operations were not profitable despite balance sheet strength. Reliance on non-operating items or one-offs to deliver net income weakens the durability of earnings and makes future profit recovery dependent on structural operational fixes.

Inconsistent historical cash flows

Prior periods of negative operating and free cash flow (2020–2022) highlight that recent cash improvements may not be persistent. This historical inconsistency increases risk that cash generation could revert, complicating dividend, reinvestment, or growth plans over the next several months.

Orion Equities Limited Business Overview & Revenue Model

Company Description

Orion Equities Limited is a publicly owned investment manager. The firm provides its services to individuals and institutional investors. It invests in public equity markets across the globe. The firm also engages itself in alternative investments and listed and unlisted securities, real estate held for development and resale. It invests in materials and diversified financial sectors. Orion Equities Limited is based in Perth, Australia. Orion Equities Limited operates as a subsidiary of Queste Communications Ltd.

How the Company Makes Money

Orion Equities Limited makes money primarily through the management and growth of its investment portfolio. The company's revenue model is based on capital appreciation of its equity investments, dividend income from shares it holds, and interest income from cash holdings. Key revenue streams include returns from strategic investments in listed and unlisted securities, as well as rental income and property sales from its real estate investments. The company may also engage in partnerships or joint ventures to leverage its investment expertise and expand its asset base. External market conditions, investment performance, and effective portfolio management are significant factors contributing to Orion Equities' earnings.

Orion Equities Limited Financial Statement Overview

Summary

Balance sheet strength (zero debt in 2024–2025) and improved recent cash generation support the score, but the income statement is a major drag due to extreme volatility, an 81.6% revenue decline in 2025, and negative EBIT in 2025—making overall fundamentals uneven.

Income Statement

Results are highly volatile. Revenue fell sharply in 2025 (down 81.6% YoY) after a strong 2024, and operating profitability weakened meaningfully with negative EBIT in 2025. Net income remains positive in the last two years, but margins swing dramatically year-to-year, suggesting earnings are less stable and may be influenced by non-operating factors rather than consistent core performance.

Balance Sheet

The balance sheet is conservatively positioned with zero debt in 2024 and 2025 and a low leverage profile historically. Equity increased versus 2024, and return on equity is positive and solid in 2024–2025, signaling improved profitability on the capital base. The main weakness is the history of negative returns in earlier years, highlighting that balance-sheet strength has not always translated into steady earnings power.

Cash Flow

Cash generation improved materially: operating cash flow and free cash flow are strongly positive in 2025 and grew versus 2024 (free cash flow up 28.7%). Cash flow quality looks favorable in 2024–2025 with free cash flow roughly matching reported net income, and 2025 shows strong cash coverage of earnings. The key risk is inconsistency—operating and free cash flow were negative in 2020–2022, indicating a track record that is improving but not yet consistently durable.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	485.30K	485.30K	5.06M	258.19K	45.37K	122.15K
Gross Profit	90.49K	90.49K	4.66M	238.25K	-19.20K	4.71M
EBITDA	15.84K	15.84K	4.62M	186.50K	-1.61M	4.63M
Net Income	1.33M	1.33M	3.00M	-865.75K	-3.94M	5.28M
Balance Sheet
Total Assets	6.82M	6.82M	6.95M	2.75M	3.61M	7.62M
Cash, Cash Equivalents and Short-Term Investments	4.12M	4.12M	1.86M	136.41K	13.64K	195.42K
Total Debt	0.00	0.00	0.00	273.46K	273.45K	388.28K
Total Liabilities	239.94K	239.94K	1.69M	502.40K	497.00K	568.08K
Stockholders Equity	6.58M	6.58M	5.26M	2.25M	3.12M	7.05M
Cash Flow
Free Cash Flow	2.70M	2.70M	1.37M	178.38K	-127.23K	-151.82K
Operating Cash Flow	2.70M	2.70M	1.37M	178.38K	-127.23K	-151.47K
Investing Cash Flow	-1.12K	-1.12K	0.00	0.00	0.00	-349.00
Financing Cash Flow	-35.85K	-35.85K	-51.06K	-55.62K	-54.55K	52.83K

Orion Equities Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.18
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:OEQ, the sentiment is Negative. The current price of 0.18 is above the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.18, and above the 200-day MA of 0.17, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 39.99 is Neutral, neither overbought nor oversold. The STOCH value of -15.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:OEQ.

Orion Equities Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAM	72 Outperform	AU$65.32M	2.97	32.22%	6.39%	22.67%	19.47%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
OEQ	65 Neutral	―	1.71	22.42%	―	-95.37%	-55.83%
LCE	55 Neutral	AU$26.98M	38.35	2.17%	2.94%	38.32%	―
IPC	54 Neutral	AU$10.87M	18.32	1.82%	3.50%	-50.00%	-52.07%
CIW	53 Neutral	AU$28.88M	46.88	2.42%	2.03%	18.17%	―
KBC	43 Neutral	AU$9.72M	-1.31	―	―	―	―

Orion Equities Limited Corporate Events

Orion Equities Lifts NTA as December Portfolio Values Firm

Orion Equities reported a modest 1.19% month-on-month increase in its net tangible asset backing as at 31 December 2025, with both pre- and post-tax NTA per share rising to $0.42 from $0.415, on unchanged issued capital of 15.65 million shares. The portfolio’s NTA of $6.57 million was underpinned by a stable $2.1 million investment property valuation, an increase in the value of its 10 million Strike Resources shares, and net cash and other assets of $4.07 million, while its 26.95% stake in Bentley Capital continues to be carried at nil under equity accounting despite having positive market and NTA values, highlighting a conservative balance-sheet presentation that may understate the economic value of this holding for shareholders.

The most recent analyst rating on (AU:OEQ) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Orion Equities Limited stock, see the AU:OEQ Stock Forecast page.

Orion Equities Reports Decline in Net Tangible Assets

Orion Equities Limited announced a decrease in its net tangible assets (NTA) backing per share by 1.8% for the month ending November 2025. The company’s investment in Bentley Capital Limited is currently valued at nil due to accumulated losses, despite Bentley’s shares having a market value. This announcement may impact Orion’s financial positioning and stakeholder perceptions, as it reflects the company’s ongoing challenges in managing its investment portfolio.

Orion Equities Limited AGM Resolutions Passed with Strong Support

Orion Equities Limited announced the successful passing of all resolutions at its 2025 Annual General Meeting, including the adoption of the remuneration report and the re-election of Farooq Khan as a director. The resolutions received strong support, with over 91% of votes in favor, indicating solid backing from shareholders and reinforcing the company’s leadership stability.

Orion Equities Updates Business Address

Orion Equities Limited has announced a change in its registered office and principal place of business address to Level 28, Mia Yellagonga Tower 3, 1 Spring Street, Perth, Western Australia, effective from 18 November 2025. This change is part of the company’s ongoing operational adjustments, though contact numbers remain the same, indicating a seamless transition for stakeholders.

Orion Equities Reports Decrease in NTA Backing

Orion Equities Limited announced a slight decrease in its net tangible asset (NTA) backing per share by 1.63% as of October 31, 2025. The company continues to hold a substantial investment in Bentley Capital Limited, although the carrying value is currently recorded as nil due to accumulated net losses. The fair value of its investment in Strike Resources Limited also saw a decrease, reflecting market conditions. These changes may impact Orion’s financial positioning and stakeholder interests.