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): -1.38
• Revenue Growth: -13.63%
• EPS Growth: 52.08%
• Country: AU
• Employees: 136
• Sector: Industrials
• Sector Strength: 72
• Industry: Construction
• EPS (TTM): N/A
• 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)
• Action: Reiterated Date: 11/04/25
• Date: Action: Reiterated 11/04/25

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

Positive operating cash flow

Sustained positive operating cash flow indicates the core construction operations generate cash, providing a runway to meet short-term working capital needs and fund projects. Over 2-6 months this operational cash generation supports restructuring and reduces reliance on immediate external financing.

Improving EPS trend

A strong EPS growth figure suggests underlying improvement in earnings metrics versus prior periods. If driven by cost control or better project margins, this trend can translate into gradually improved profitability and investor confidence over several months, aiding recovery efforts.

Established construction business

Operating in the construction sector provides structural demand for services tied to infrastructure and property cycles. A core foothold in construction supports recurring project pipelines and long lead contracts, which can underpin revenue visibility and recovery potential over a multi-month horizon.

Negative Factors

High leverage / negative equity

Negative shareholders' equity and elevated leverage constrain financial flexibility, raising refinancing and covenant risks. Over the next 2-6 months this limits the company's ability to fund projects, absorb shocks, or invest in growth without external capital or balance sheet remediation.

Declining revenues and margins

Falling top-line and negative operating margins indicate persistent pricing pressure or cost overruns in projects. These trends impair sustainable profitability and cash generation, making it difficult to rebuild reserves or invest in efficiency improvements across the medium term without structural changes.

Negative free cash flow / cash inefficiency

Declining free cash flow and a negative FCF-to-income ratio signal an inability to convert earnings into spendable cash. This undermines the company's capacity to service debt, fund working capital, or invest in projects over several months, creating potential liquidity and solvency pressure.

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	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	24.19M	28.00M	37.64M	24.47M	22.72M
Gross Profit	10.30M	12.66M	16.55M	8.68M	9.54M
EBITDA	-2.72M	-3.10M	2.33M	-959.00K	346.00K
Net Income	-4.14M	-7.93M	-1.46M	-4.30M	-2.85M
Balance Sheet
Total Assets	18.18M	20.88M	21.26M	18.79M	15.49M
Cash, Cash Equivalents and Short-Term Investments	1.50M	830.00K	1.43M	1.43M	1.02M
Total Debt	16.52M	13.34M	7.18M	8.06M	4.18M
Total Liabilities	26.16M	26.17M	19.05M	17.17M	10.44M
Stockholders Equity	-9.57M	-6.57M	1.30M	801.00K	4.31M
Cash Flow
Free Cash Flow	-644.00K	-636.00K	-714.00K	-3.15M	-17.00K
Operating Cash Flow	953.00K	323.00K	1.38M	-2.07M	1.26M
Investing Cash Flow	-1.72M	-959.00K	-2.09M	-1.08M	-1.27M
Financing Cash Flow	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: Positive
• RSI: Neutral
• 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 0.01, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.78 is Neutral, neither overbought nor oversold. The STOCH value of -55.56 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	68 Neutral	AU$30.50M	0.45	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	7.14	4.57%	4.32%	-15.54%	-26.61%
DTI	45 Neutral	AU$12.52M	-69.01	-39.15%	―	11.15%	26.53%
OLH	40 Neutral	AU$2.56M	-1.23	―	―	-13.63%	52.08%
ZMM	37 Underperform	AU$3.78M	-0.88	-283.40%	―	-74.76%	42.11%

Oldfields Holdings Ltd Corporate Events

Oldfields Holdings Ordered Wound Up in Insolvency as Liquidator Takes Control

Oldfields Holdings Ltd has been ordered by the Federal Court of Australia to be wound up in insolvency, with registered liquidator Christian Sprowles appointed to take control of the company. The company’s securities remain suspended from quotation on the ASX, and the liquidator has begun urgent investigations into its financial position, operations and assets, indicating there is currently no basis for trading to resume and leaving shareholders facing significant uncertainty over any potential recoveries.

The winding-up follows action by the Deputy Commissioner of Taxation, whose costs are to be reimbursed from the company in accordance with the Corporations Act. Stakeholders have been advised that the liquidator will provide further updates to the exchange and the market as appropriate, signalling an extended period of administration as the insolvency process determines outcomes for creditors and investors.

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 Shares Remain Suspended as ASX Awaits Overdue Half-Year Accounts

Oldfields Holdings Limited remains suspended from quotation on the ASX after the company requested a trading halt on 24 February 2026 while preparing an announcement on a planned capital raising. The suspension now extends beyond that event because the company has not lodged its Appendix 4D and half-year financial statements for the period ended 31 December 2025.

As a result of the delayed financial reporting, the ASX has confirmed that Oldfields’ securities will stay suspended under Listing Rule 17.5 until the required periodic reports are filed and the exchange determines it is appropriate to reinstate trading. The ongoing suspension underscores the regulatory consequences of non-compliance with reporting obligations and leaves shareholders unable to trade OLH securities until the issue is resolved.

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 shares suspended pending capital-raising announcement

Oldfields Holdings Limited has requested a voluntary suspension of trading in its ordinary shares on the ASX, leading to an immediate halt in quotation under Listing Rule 17.2. The suspension is intended to remain in place until the company releases an announcement regarding a planned capital-raising transaction or until trading commences on 2 March 2026, whichever comes first.

The move signals that Oldfields is preparing a capital raise that could affect its balance sheet, funding capacity, and potentially its growth strategy or capital structure. Investors and other stakeholders are now focused on the forthcoming announcement, which is expected to clarify the size, structure, and purpose of the capital raising and its implications for existing shareholders.

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 Requests Trading Halt Ahead of Capital Raising Announcement

Oldfields Holdings Limited has requested an immediate trading halt of its securities on the ASX as it prepares an announcement related to a proposed capital raise. The halt will remain in place until either the capital-raising announcement is released or normal trading resumes on Tuesday, 24 February 2026, ensuring the market receives material funding news in an orderly and informed manner.

The move signals that Oldfields is pursuing new capital, which may impact its balance sheet, shareholder dilution, and funding capacity for future initiatives once details are disclosed. By using a trading halt, the company and the exchange aim to prevent disorderly trading and information asymmetry while the terms of the capital raising are finalized and communicated to investors.

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 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.