PWR Holdings (PWH) AI Stock Analysis

• Market Cap: AU$900.14M
• Dividend Yield: 0.53%
• Average Volume (3M): 150.17K
• Price to Earnings (P/E): 96.1
• Beta (1Y): 1.01
• 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$10.00 ▲(22.70% 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 78.8% gross margin indicates durable product-level pricing power and efficient cost structure. Over the medium term, this margin provides a buffer against input cost inflation and supports operating profitability, enabling reinvestment in R&D, distribution, or margin preservation.

Strong operating cash generation

OCF at 2.58x net income shows earnings are largely backed by real cash generation, improving financial quality. This sustained cash conversion supports working capital, capex and debt servicing, enhancing resilience and reducing reliance on external funding over the medium term.

Stable capital structure

An equity ratio above 50% indicates more than half of assets financed by equity, giving a stable capital base. This reduces solvency risk, preserves borrowing capacity for strategic investments, and provides flexibility to absorb shocks compared with highly leveraged peers.

Negative Factors

Declining revenue

A persistent revenue decline of ~5.8% signals weakening top-line momentum. Continued contraction erodes scale economics, pressures operating leverage and limits the firm’s ability to invest in product development or distribution, risking longer-term share loss and margin compression.

Rising leverage

Higher leverage (D/E ~0.61) reduces financial flexibility and raises interest expense sensitivity. Over the medium term this constrains the company’s ability to invest, increases refinancing risk in adverse markets, and heightens vulnerability if revenue or margins deteriorate further.

Negative free cash flow

A >300% drop to negative free cash flow undermines the company’s capacity to fund capex, pay down debt or sustain dividends without external financing. If persistent, poor FCF impairs balance sheet repair and strategic investment, weakening long-term financial resilience.

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

Mixed fundamentals: revenue declined (-5.78%) and profitability compressed (net margin 7.51% with lower EBIT/EBITDA margins). Leverage increased (debt-to-equity 0.61). Cash flow is a key weak point with free cash flow turning negative, despite solid operating cash generation (OCF to net income 2.58).

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: Neutral
• Last Price: 8.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PWH, the sentiment is Neutral. The current price of 8.15 is below the 20-day moving average (MA) of 9.50, below the 50-day MA of 8.51, and above the 200-day MA of 7.80, indicating a neutral trend. The MACD of 0.24 indicates Positive momentum. The RSI at 45.55 is Neutral, neither overbought nor oversold. The STOCH value of 18.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$1.56B	38.64	33.16%	2.15%	15.28%	18.23%
ARB	65 Neutral	AU$2.08B	21.96	13.51%	2.10%	5.31%	-5.74%
RPM	63 Neutral	AU$14.98M	3.16	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$900.14M	96.09	9.47%	0.53%	-6.67%	-60.67%
AMA	53 Neutral	AU$349.36M	-43.71	-4.58%	―	13.54%	66.33%
AOV	51 Neutral	AU$1.11B	-10.88	-12.12%	4.58%	1.04%	-208.03%

PWR Holdings Corporate Events

PWR Holdings Sets Date for Release of H1 FY2026 Results

PWR Holdings has announced it will release its half-year results for the 2026 financial year after the market close on Thursday, 19 February 2026. The company will follow the release with an analyst briefing on 20 February, to be hosted via webcast by Acting CEO Matthew Bryson and CFO Sharyn Williams, underscoring its focus on maintaining transparent engagement with investors and analysts around its interim financial performance and outlook.

The most recent analyst rating on (AU:PWH) stock is a Sell 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.

JPMorgan Chase Ceases to Be Substantial Shareholder in PWR Holdings

JPMorgan Chase & Co. and its affiliates have notified PWR Holdings that they have ceased to be a substantial shareholder in the company, following changes in their relevant interests in PWR’s ordinary shares through securities lending and proprietary trading activities by various JPMorgan entities. The move reduces JPMorgan’s influence over PWR’s voting stock and signals a shift in the company’s shareholder base, with potential implications for the balance of institutional versus other investors on the register.

The most recent analyst rating on (AU:PWH) stock is a Hold with a A$10.50 price target. To see the full list of analyst forecasts on PWR Holdings stock, see the AU:PWH Stock Forecast page.

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.