PWR Holdings (PWH) AI Stock Analysis

• Market Cap: AU$964.51M
• Dividend Yield: 0.53%
• Average Volume (3M): 150.17K
• Price to Earnings (P/E): 101.0
• Beta (1Y): 0.88
• Revenue Growth: -6.67%
• EPS Growth: -60.67%
• Country: AU
• Employees: 578
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 0.09
• Shares Outstanding: 100,574,120
• 10 Day Avg. Volume: 174,568
• 30 Day Avg. Volume: 150,166
• PEG Ratio: -1.17
• Price to Book (P/B): 6.90
• Price to Sales (P/S): 5.36
• P/FCF Ratio: -45.43
• 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: 60 Neutral
• Price Target: AU$9.00 ▲(10.43% Upside)

The score is held back primarily by weakening financial performance (declining revenue/profitability, higher leverage, and negative free cash flow) and a very expensive valuation (P/E 82.9 with low yield). Technicals are a partial offset, with the stock in an uptrend, though momentum appears overbought.

Positive Factors

High Gross Margin

A gross profit margin near 79% indicates durable product-level pricing power or cost efficiency across operations. This margin buffer supports investment in R&D and service capabilities, helping sustain profitability even if sales mix shifts or input costs rise over the next several quarters.

Strong Operating Cash Generation

Operating cash flow at 2.58x net income shows robust cash conversion from core operations. Persistent OCF strength can fund working capital, maintenance capex, and contract fulfilment, reducing reliance on external financing and supporting medium-term operational stability despite headline FCF swings.

Diversified, Contracted Revenue Streams

A mix of energy, infrastructure and technology contracts together with long-term maintenance agreements creates recurring revenue and lowers demand cyclicality. Diversification across sectors and service contracts supports predictable cash flows and helps retain clients during industry slowdowns.

Negative Factors

Declining Revenue Trend

Consecutive revenue decline weakens scale economics and can erode bargaining power with suppliers and customers. If top-line contraction persists, it pressures margins, constrains reinvestment, and makes meeting multi-year contracts and growth targets more challenging without strategic remediation.

Negative Free Cash Flow

A sharp swing to negative FCF signals poor cash conversion after investments or working capital shifts. Sustained negative FCF limits organic funding for capex or dividends, increases reliance on external capital, and raises risk if cash needs persist through industry cycles.

Higher Leverage & Compressed Profitability

Rising leverage combined with compressed net margins reduces financial flexibility and amplifies downside risk from revenue volatility. Higher debt levels can increase interest sensitivity and limit capacity for strategic investments, making it harder to sustain growth or respond to sector shocks.

PWR Holdings Business Overview & Revenue Model

Company Description

PWR Holdings (PWH) is a diversified company focused on providing innovative solutions across various sectors, including energy, infrastructure, and technology. The company specializes in delivering high-quality products and services that enhance operational efficiency and sustainability for its clients. With a strong commitment to research and development, PWR Holdings is dedicated to advancing technologies that support renewable energy initiatives and infrastructure development.

How the Company Makes Money

PWR Holdings generates revenue through multiple streams, including the sale of energy solutions, infrastructure projects, and technology services. Key revenue streams consist of contracts with government and private sector clients for the construction and maintenance of energy-efficient systems and infrastructure. Additionally, PWR Holdings partners with various organizations to develop and implement advanced technologies, which further contributes to its earnings. The company also benefits from long-term maintenance agreements and service contracts, providing a steady income from existing installations.

PWR Holdings Financial Statement Overview

Summary

PWR Holdings faces challenges with declining revenue and profitability, alongside increased leverage and negative free cash flow. While the company maintains strong gross margins and cash generation from operations, the overall financial health is impacted by reduced growth and higher debt levels.

Income Statement

PWR Holdings shows a decline in revenue growth with a negative rate of -5.78% in the latest year, indicating potential challenges in maintaining sales momentum. The gross profit margin remains strong at 78.8%, suggesting efficient cost management. However, the net profit margin has decreased to 7.51%, reflecting reduced profitability. EBIT and EBITDA margins have also declined, indicating pressure on operating performance.

Balance Sheet

The company's debt-to-equity ratio has increased significantly to 0.61, indicating higher leverage and potential risk. Return on equity is at 9.68%, showing a decrease in shareholder returns. The equity ratio stands at 53.4%, suggesting a stable capital structure but with increased debt levels.

Cash Flow

Free cash flow has turned negative, with a significant decline of -302.64%, highlighting cash flow challenges. The operating cash flow to net income ratio is 2.58, indicating strong cash generation relative to net income. However, the negative free cash flow to net income ratio suggests issues in converting earnings into free cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	130.10M	130.10M	139.39M	118.33M	101.07M	79.21M
Gross Profit	63.86M	102.51M	111.51M	38.91M	34.10M	24.52M
EBITDA	23.83M	26.13M	45.56M	39.25M	35.92M	28.63M
Net Income	9.77M	9.77M	24.80M	21.75M	20.84M	16.80M
Balance Sheet
Total Assets	189.05M	189.05M	139.42M	123.16M	98.53M	90.77M
Cash, Cash Equivalents and Short-Term Investments	4.45M	4.45M	21.66M	17.63M	21.50M	19.86M
Total Debt	61.10M	61.10M	15.87M	18.29M	6.74M	8.46M
Total Liabilities	88.11M	88.11M	39.13M	34.69M	22.13M	26.81M
Stockholders Equity	100.94M	100.94M	100.29M	88.47M	76.40M	63.96M
Cash Flow
Free Cash Flow	-15.27M	-15.34M	20.56M	12.80M	12.04M	16.07M
Operating Cash Flow	25.29M	25.23M	32.85M	27.85M	17.06M	26.43M
Investing Cash Flow	-40.55M	-40.26M	-11.80M	-17.05M	-3.87M	-10.31M
Financing Cash Flow	-2.18M	-2.18M	-17.02M	-14.64M	-11.54M	-17.22M

PWR Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PWH, the sentiment is Positive. The current price of 8.15 is above the 20-day moving average (MA) of 8.08, above the 50-day MA of 8.11, and above the 200-day MA of 7.57, indicating a bullish trend. The MACD of 0.36 indicates Negative momentum. The RSI at 79.61 is Negative, neither overbought nor oversold. The STOCH value of 86.38 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PWH.

PWR Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SNL	69 Neutral	AU$1.53B	38.18	33.16%	2.15%	15.28%	18.23%
RPM	63 Neutral	AU$14.17M	2.99	8.25%	―	-5.17%	-19.44%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
PWH	60 Neutral	AU$964.51M	101.03	9.47%	0.53%	-6.67%	-60.67%
ARB	60 Neutral	AU$2.67B	27.24	13.51%	2.10%	5.31%	-5.74%
AMA	53 Neutral	AU$373.29M	-45.51	-4.58%	―	13.54%	66.33%
AOV	51 Neutral	AU$1.22B	-11.78	-12.12%	4.58%	1.04%	-208.03%

PWR Holdings Corporate Events

PWR Wins US$9.1m Follow-On US Defence Cooling Contract

PWR Holdings has secured a US$9.1 million follow-on contract to supply advanced cooling solutions for a US government aerospace and defence project, building on an initial US$5.5 million order awarded in January 2025. The new deal, with deliveries expected predominantly in FY 2027, reinforces PWR’s ongoing role as the program moves toward full-rate production and underscores its strengthening reputation as a reliable supplier capable of meeting evolving requirements on complex, long-duration defence platforms, potentially deepening its footprint in the US defence supply chain and supporting future multi-year demand.

The most recent analyst rating on (AU:PWH) stock is a Hold with a A$9.00 price target. To see the full list of analyst forecasts on PWR Holdings stock, see the AU:PWH Stock Forecast page.

PWR Holdings Appoints Sharyn Williams as New CEO and MD

PWR Holdings Limited has announced the appointment of Ms. Sharyn Williams as its new Chief Executive Officer and Managing Director. Ms. Williams, who has been serving as the Chief Financial Officer, will assume her new role following the recruitment of her successor. Her extensive experience in strategic, financial, and operational leadership across various industries and geographies positions her well to lead PWR’s continued growth and development. The transition is expected to provide continuity and stability, aligning with the company’s strategic priorities and ensuring a smooth handover of responsibilities.

The most recent analyst rating on (AU:PWH) stock is a Hold with a A$8.00 price target. To see the full list of analyst forecasts on PWR Holdings stock, see the AU:PWH Stock Forecast page.

PWR Holdings Issues Performance Rights to Employees

PWR Holdings Limited has announced the issuance of 359,345 performance rights under an employee incentive scheme. These unquoted securities are not intended to be listed on the ASX, indicating a focus on rewarding and retaining employees, which could enhance company performance and align employee interests with shareholder value.

The most recent analyst rating on (AU:PWH) stock is a Hold with a A$8.00 price target. To see the full list of analyst forecasts on PWR Holdings stock, see the AU:PWH Stock Forecast page.

JPMorgan Chase & Co. Ceases to be Substantial Holder in PWR Holdings

PWR Holdings Ltd has announced that JPMorgan Chase & Co. and its affiliates have ceased to be substantial holders in the company as of November 13, 2025. This change involves various transactions related to securities lending and proprietary trading by JPMorgan’s subsidiaries, impacting a significant number of ordinary shares. The cessation of JPMorgan as a substantial holder may influence PWR Holdings’ shareholder structure and could have implications for its market perception and investor relations.

The most recent analyst rating on (AU:PWH) stock is a Hold with a A$9.50 price target. To see the full list of analyst forecasts on PWR Holdings stock, see the AU:PWH Stock Forecast page.

PWR Holdings Announces Change in Substantial Holders

PWR Holdings Limited has announced a change in its substantial holders, with State Street Corporation and its subsidiaries ceasing to be substantial holders as of October 21, 2025. This change in substantial holding may impact the company’s voting securities and influence within the market, potentially affecting its strategic decisions and stakeholder relationships.

The most recent analyst rating on (AU:PWH) stock is a Hold with a A$8.00 price target. To see the full list of analyst forecasts on PWR Holdings stock, see the AU:PWH Stock Forecast page.

PWR Holdings Updates Performance Rights Plan

PWR Holdings Limited has announced an update to its Performance Rights Plan, which was approved by shareholders at the company’s 2025 Annual General Meeting. This update signifies a strategic move to align the company’s operational goals with shareholder interests, potentially impacting its market position and stakeholder engagement positively.

The most recent analyst rating on (AU:PWH) stock is a Hold with a A$8.00 price target. To see the full list of analyst forecasts on PWR Holdings stock, see the AU:PWH Stock Forecast page.

PWR Holdings Announces Key Board Changes and Leadership Transition

PWR Holdings Limited announced significant changes to its Board following its Annual General Meeting. Mr. Kees Weel has retired as Managing Director and has been appointed as the Chairman, while Ms. Kristen Podagiel takes on the role of Lead Independent Director. The company has also updated its Board Charter and Remuneration Policy to reflect these changes. Additionally, Ms. Lisa Dalton retired as Company Secretary, with Ms. Alexandra Coleman stepping into the role. These changes are part of PWR’s ongoing efforts to strengthen its governance and operational capabilities, ensuring minimal disruption during the transition.

The most recent analyst rating on (AU:PWH) stock is a Hold with a A$8.00 price target. To see the full list of analyst forecasts on PWR Holdings stock, see the AU:PWH Stock Forecast page.

PWR Holdings 2025 AGM: Resolutions Passed with Strong Shareholder Support

PWR Holdings Limited held its 2025 Annual General Meeting on October 17, 2025, where all resolutions were passed by poll. The resolutions included the election of Kees Weel as a director, the refresh of the PWR Performance Rights Plan, and the renewal of proportional takeover provisions in the company’s constitution. The successful passing of these resolutions indicates strong shareholder support and positions the company for continued stability and strategic growth.

The most recent analyst rating on (AU:PWH) stock is a Hold with a A$8.00 price target. To see the full list of analyst forecasts on PWR Holdings stock, see the AU:PWH Stock Forecast page.

PWR Holdings Announces Change in Director’s Interest

PWR Holdings Limited has announced a change in the director’s interest notice, specifically regarding Kees Weel, whose indirect interest in the company has increased. The change involves the acquisition of 10,000 ordinary fully paid shares by Sharon Mason, Kees Weel’s de facto partner, bringing her total to 20,000 shares. This adjustment in shareholding reflects a continued commitment by key stakeholders in the company.

The most recent analyst rating on (AU:PWH) stock is a Hold with a A$8.00 price target. To see the full list of analyst forecasts on PWR Holdings stock, see the AU:PWH Stock Forecast page.

PWR Holdings Announces AGM Webcast Access

PWR Holdings Limited has announced the availability of a webcast link for its Annual General Meeting scheduled for today at 1.00pm AEST. This announcement, authorized by the Company Secretary, provides stakeholders with the opportunity to access the meeting remotely, reflecting the company’s commitment to transparency and shareholder engagement.

The most recent analyst rating on (AU:PWH) stock is a Hold with a A$8.00 price target. To see the full list of analyst forecasts on PWR Holdings stock, see the AU:PWH Stock Forecast page.

PWR Holdings Announces Leadership Transition and Celebrates Export Success

PWR Holdings Limited announced significant leadership changes at its 2025 Annual General Meeting, with the Managing Director stepping down due to health reasons and transitioning to the role of Non-Executive Chairman. The company has successfully relocated its headquarters to Stapylton, demonstrating operational resilience and commitment to future growth. PWR’s achievements were further highlighted by winning the Queensland Exporter of the Year award, positioning it as a contender for the Australian Export Award.

The most recent analyst rating on (AU:PWH) stock is a Hold with a A$8.00 price target. To see the full list of analyst forecasts on PWR Holdings stock, see the AU:PWH Stock Forecast page.