Oldfields Holdings Ltd (OLH) AI Stock Analysis

• Market Cap: AU$2.56M
• Dividend Yield: N/A
• Average Volume (3M): 343.72K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.14
• Revenue Growth: -13.63%
• EPS Growth: 52.08%
• Country: AU
• Employees: 136
• Sector: Industrials
• Sector Strength: 72
• Industry: Construction
• EPS (TTM): -0.02
• Shares Outstanding: 213,059,130
• 10 Day Avg. Volume: 146,850
• 30 Day Avg. Volume: 343,720
• PEG Ratio: 0.02
• Price to Book (P/B): -0.53
• Price to Sales (P/S): 0.21
• P/FCF Ratio: -7.88
• 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: 40 Neutral
• Price Target: AU$0.01 ▲(10.00% Upside)

Oldfields Holdings Ltd's overall stock score is significantly impacted by its poor financial performance, characterized by declining revenues and high leverage. The technical analysis further indicates bearish trends, while the valuation metrics highlight the company's unprofitability. These factors collectively suggest a high-risk investment profile.

Positive Factors

Diversified sales channels

Oldfields' multi-channel revenue model — wholesalers, retailers, and direct large-contractor sales — provides structural diversification of demand and reduces customer concentration risk. Over 2–6 months this helps stabilize cash inflows during localized demand swings and supports scale advantages in distribution.

Product breadth and R&D focus

A broad product portfolio across building materials and coatings combined with an R&D emphasis supports sustained product differentiation and new-line introductions. Structurally, this enhances long-term competitiveness, potential pricing power, and alignment with regulatory and sustainability trends in construction markets.

Operating cash flow generation

Positive operating cash flow indicates the core business still generates cash from operations, providing a foundation for working-capital management and potential restructuring. Over months this cash generation reduces immediate liquidity pressure versus a pure cash-burning scenario, aiding recovery options.

Negative Factors

Declining revenue trend

Sustained top-line decline undermines scale economics and the ability to absorb fixed costs, pressuring margins and cash flow. If the decline persists over the next several quarters it will constrain reinvestment, erode market position, and increase the need for structural cost or strategic fixes to restore growth.

High leverage and negative equity

Elevated leverage and negative equity pose lasting solvency and financing risks, limiting access to capital and increasing refinancing costs. Structurally, this reduces strategic flexibility, raises default risk under stress, and can force asset sales or dilutive financing, impairing long-term recovery prospects.

Profitability and margin erosion

Persistent negative margins and a falling gross profit margin indicate structural cost pressure or pricing weakness. Over months this impairs free cash flow generation and the ability to fund R&D or distribution, necessitating operational restructuring to restore sustainable profitability and avoid further balance-sheet deterioration.

Oldfields Holdings Ltd Business Overview & Revenue Model

Company Description

Oldfields Holdings Limited manufactures, markets, and imports scaffolding and painting accessories in Australia. It operates through Consumer Products and Scaffolding segments. The Consumer Products segment manufactures, imports, and distributes paint brushes, paint rollers, garden sheds, outdoor storage systems, and painter's tools, including paint scrapers, knives, blades, paint guide and straight edge tools, and caulking guns. The Scaffolding segment manufactures and distributes scaffolding and related equipment, as well as engages in hiring scaffold and access solutions to the building maintenance and construction industries. The company also offers roller frames, extension poles, paint pots and buckets, and paint roller trays and kits; and drop cloth, plastic protection sheets, disposable coveralls, masking films and papers, masking tapes/papers, abrasives, paint paddles, and cleaning protective equipment. Oldfields Holdings Limited was founded in 1916 and is headquartered in Campbelltown, Australia. Oldfields Holdings Limited is a subsidiary of EQM Holdings Pty Ltd.

How the Company Makes Money

Oldfields Holdings Ltd generates revenue through multiple key streams. Primarily, the company earns income from the sale of its manufactured products, which are distributed through a network of wholesalers and retailers. The company also engages in direct sales to large construction firms and contractors, providing bulk orders that contribute significantly to its revenue. Additionally, OLH benefits from strategic partnerships with suppliers and distributors, enhancing its market reach and enabling joint marketing initiatives. Seasonal demand fluctuations in the construction industry also play a role in revenue generation, with peak sales typically occurring during construction booms. Furthermore, OLH invests in research and development to introduce innovative products that cater to evolving market needs, which can drive additional revenue through new product lines.

Oldfields Holdings Ltd Financial Statement Overview

Summary

Oldfields Holdings Ltd is facing significant financial challenges, including declining revenues, profitability issues, high leverage, and cash flow inefficiencies. These factors collectively indicate a need for strategic financial restructuring to stabilize and improve financial health.

Income Statement

Oldfields Holdings Ltd has faced declining revenues with a negative revenue growth rate of -9.21% in the latest year. The company is struggling with profitability, as evidenced by negative EBIT and EBITDA margins, and a net loss. The gross profit margin has decreased, indicating pressure on cost management.

Balance Sheet

The balance sheet reveals significant financial instability, with negative stockholders' equity and a high debt-to-equity ratio. This indicates high leverage and financial risk. The negative return on equity further highlights the company's inability to generate returns for shareholders.

Cash Flow

Cash flow analysis shows a concerning decline in free cash flow, with a significant negative growth rate. Although operating cash flow is positive, it is insufficient to cover net income, indicating cash flow challenges. The free cash flow to net income ratio is negative, reflecting cash flow inefficiencies.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	24.19M	24.19M	28.00M	37.64M	24.47M	22.72M
Gross Profit	10.30M	10.30M	12.66M	16.55M	8.68M	9.54M
EBITDA	-2.72M	-2.72M	-3.10M	2.33M	-959.00K	346.00K
Net Income	-4.14M	-4.14M	-7.93M	-1.46M	-4.30M	-2.85M
Balance Sheet
Total Assets	18.18M	18.18M	20.88M	21.26M	18.79M	15.49M
Cash, Cash Equivalents and Short-Term Investments	1.50M	1.50M	830.00K	1.43M	1.43M	1.02M
Total Debt	16.52M	16.52M	13.34M	7.18M	8.06M	4.18M
Total Liabilities	26.16M	26.16M	26.17M	19.05M	17.17M	10.44M
Stockholders Equity	-9.57M	-9.57M	-6.57M	1.30M	801.00K	4.31M
Cash Flow
Free Cash Flow	-644.00K	-644.00K	-636.00K	-714.00K	-3.15M	-17.00K
Operating Cash Flow	953.00K	953.00K	323.00K	1.38M	-2.07M	1.26M
Investing Cash Flow	-1.72M	-1.72M	-959.00K	-2.09M	-1.08M	-1.27M
Financing Cash Flow	1.45M	1.45M	39.00K	715.00K	2.73M	-919.00K

Oldfields Holdings Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:OLH, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 0.03 is Positive, neither overbought nor oversold. The STOCH value of -11.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:OLH.

Oldfields Holdings Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BSA	70 Outperform	AU$12.05M	3.18	87.22%	―	12.34%	-66.13%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
EMB	50 Neutral	AU$17.44M	18.85	4.57%	4.32%	-15.54%	-26.61%
DTI	45 Neutral	AU$14.30M	-4.44	-39.15%	―	11.15%	26.53%
OLH	40 Neutral	AU$2.56M	-0.61	―	―	-13.63%	52.08%
ZMM	37 Underperform	AU$5.29M	-0.76	-283.40%	―	-74.76%	42.11%

Oldfields Holdings Ltd Corporate Events

Oldfields Advances Turnaround as Cost Cuts Bite and Capital Plans Take Shape

Oldfields Holdings Limited reported on progress in its turnaround strategy for the second quarter of FY2026, highlighting ongoing cost-cutting, asset optimisation and targeted growth across its paint and scaffold divisions. The company has exited its void protection operations in Victoria due to weak market conditions, redeploying hire equipment to New South Wales, where void protection is expanding through new contracts and product initiatives, while prior capital investments in Western Australia are now driving stronger hire and service revenue. Operating cash outflow for the quarter was $256,600 on customer receipts of $4.8 million, with sales constrained by earlier working capital limits that reduced inventory levels, although the major shareholder has injected $478,000 to support inventory, logistics and payroll, and remains committed as both primary lender and key backer. Oldfields has also engaged a nationally recognised corporate adviser to finalise a proposed capital raise and evaluate potential acquisitions or consolidation opportunities in industrial and construction markets, while entering the second half with a leaner cost base, improved asset utilisation, a scaffold and paint order backlog, and expectations of improved operating performance and a path toward sustainable profitability.

The most recent analyst rating on (AU:OLH) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Oldfields Holdings Ltd stock, see the AU:OLH Stock Forecast page.

Oldfields Announces CFO Resignation and Interim Appointment

Oldfields Holdings Limited has announced a change in its finance leadership, with Chief Financial Officer Paul Ryan resigning effective immediately and Jinky Cafe appointed as Interim CFO from 5 January 2026. The Board expressed its appreciation for Ryan’s contribution, signalling a period of transition in the company’s financial management and governance as it moves into the new year.

The most recent analyst rating on (AU:OLH) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Oldfields Holdings Ltd stock, see the AU:OLH Stock Forecast page.

Oldfields Holdings Announces Successful AGM Resolutions

Oldfields Holdings Ltd announced that all resolutions presented at its Annual General Meeting were passed by the required majority. This includes the adoption of the remuneration report, the re-election of Mr. James Stavroulakis as a director, and the approval of a 10% placement facility. The successful passing of these resolutions is likely to have a positive impact on the company’s governance and operational flexibility, potentially enhancing its industry positioning and stakeholder confidence.

The most recent analyst rating on (AU:OLH) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Oldfields Holdings Ltd stock, see the AU:OLH Stock Forecast page.

Oldfields Holdings Limited: Strategic Moves for Future Growth Amidst Cash Flow Challenges

Oldfields Holdings Limited faced a challenging first quarter of FY2026 with tight cash flow conditions but made significant strides towards future growth. The company focused on cost savings, sales expansion, and capital expenditure to enhance revenue-generating capacity, supported by financial backing from its major shareholder and lender. Efforts to improve inventory management and customer engagement are expected to drive profitability and market growth in the coming quarters.