Queste Communications Ltd (QUE) AI Stock Analysis

• Market Cap: AU$1.52M
• Dividend Yield: N/A
• Average Volume (3M): 5.39K
• Price to Earnings (P/E): 2.1
• Beta (1Y): -0.93
• Revenue Growth: 387.73%
• EPS Growth: -57.17%
• Country: AU
• Employees: 8
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): <0.01
• Shares Outstanding: 27,072,332
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 5,387
• PEG Ratio: -0.03
• Price to Book (P/B): 0.34
• Price to Sales (P/S): 5.33
• P/FCF Ratio: 0.42
• 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: 63 Neutral
• Price Target: AU$0.06 ▲(50.00% Upside)

The score is driven primarily by solid financial strength (debt-free balance sheet and improved recent cash generation) but is held back by weak and inconsistent operating profitability (negative EBIT despite positive net income). Valuation looks attractive on a very low P/E, while technicals are supportive on moving averages but tempered by overbought RSI and negative MACD.

Positive Factors

Debt-Free Balance Sheet

A zero-debt balance sheet materially reduces financial risk and interest burden, preserving strategic optionality. Low leverage gives durable flexibility to fund operations, absorb shocks, or pursue investments without adding borrowing, strengthening long-term resilience.

Improved Cash Generation

Meaningful improvement in operating and free cash flow in 2024–2025 shows the business can convert performance into cash. Durable cash generation supports reinvestment, reduces reliance on external capital, and provides a buffer against cyclical weakness over the medium term.

Rising Equity Base

A materially larger equity base enhances loss-absorbing capacity and financial flexibility. Stronger equity supports longer-term investments, cushions operational volatility, and allows management to pursue strategic initiatives without needing to increase leverage, improving stability.

Negative Factors

Persistent Negative EBIT

Consistently negative EBIT indicates core operations fail to generate operating profits, implying earnings are driven by non-operating items. This weakens the quality and repeatability of earnings and raises structural risk to sustainable profitability and cash generation.

Volatile Revenue Trends

Large swings in revenue reduce predictability for planning and capital allocation. Reliance on lumpy or one-off sales increases execution risk and complicates margin and cash-flow forecasting, making consistent growth and long-term planning more challenging for management.

Very Small Operating Scale

A headcount of eight indicates limited scale and capacity to grow operations. Small teams amplify key-person risk, constrain business development and client coverage, and can weaken internal controls, which hampers the company's ability to scale reliably over the medium term.

Queste Communications Ltd Business Overview & Revenue Model

Company Description

Queste Communications Ltd, through its subsidiary, Orion Equities Limited manages its investments in Australia. It invests in listed and unlisted securities; and develops and resales real estate properties. The company was incorporated in 1998 and is based in West Perth, Australia.

How the Company Makes Money

Queste Communications Ltd makes money through its strategic investments in various businesses. The company generates revenue through capital gains realized from the sale of its investments, dividends received from its portfolio companies, and management fees where applicable. Additionally, Queste Communications Ltd may engage in partnerships or joint ventures that enhance its investment portfolio and contribute to its earnings. The company's financial performance is significantly influenced by market conditions, the performance of its investments, and its ability to effectively manage and grow its portfolio.

Queste Communications Ltd Financial Statement Overview

Summary

Strength comes from a debt-free balance sheet and improving equity, plus solid operating cash flow and free cash flow in 2024–2025. The key weakness is earnings quality and stability: revenue has been volatile and EBIT remains negative in most years (including 2024–2025) despite positive net income, suggesting non-core drivers.

Income Statement

Revenue is volatile but rebounded strongly in 2025 (up 61% YoY), following a sharp drop in 2024. Profitability looks optically strong on net income (positive in 2024–2025 with very high net margins), but underlying operations are weaker: EBIT is negative in most years (including 2024–2025), pointing to earnings that are likely driven by non-operating items rather than core performance. Gross margin is consistently high, but the lack of consistent operating profitability reduces quality and repeatability of earnings.

Balance Sheet

The balance sheet is conservatively positioned with zero debt across all reported periods and a solid equity base. Equity increased materially from 2023 to 2025, supporting financial flexibility. Return on equity is highly erratic (very strong in 2024, more moderate in 2025, negative in some earlier years), which signals inconsistent earnings power, but leverage risk is low given the debt-free structure.

Cash Flow

Cash generation improved meaningfully in 2024–2025, with strong positive operating cash flow and free cash flow in both years. Cash flow also compares favorably to reported net income in 2024–2025 (free cash flow roughly matches net income), supporting earnings conversion in the most recent periods. However, cash flow was negative in 2020–2022 and free cash flow fell in 2025 versus 2024, highlighting variability and a less stable cash profile over the full history.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	208.37K	208.37K	42.72K	245.47K	37.70K	267.73K
Gross Profit	208.37K	208.37K	32.17K	234.36K	27.98K	256.61K
EBITDA	-309.75K	-309.75K	-500.00K	112.34K	-1.73M	4.61M
Net Income	718.65K	718.65K	1.68M	-502.19K	-2.61M	3.14M
Balance Sheet
Total Assets	6.53M	6.53M	6.71M	2.60M	3.44M	7.66M
Cash, Cash Equivalents and Short-Term Investments	4.13M	4.13M	1.86M	748.18K	1.12M	2.86M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	594.57K	594.57K	2.03M	801.79K	787.28K	824.31K
Stockholders Equity	3.30M	3.30M	2.01M	897.39K	1.40M	4.01M
Cash Flow
Free Cash Flow	2.67M	2.67M	1.31M	125.26K	-188.69K	-140.53K
Operating Cash Flow	2.67M	2.67M	1.31M	125.26K	-188.69K	-140.06K
Investing Cash Flow	-1.12K	-1.12K	0.00	0.00	0.00	-465.00
Financing Cash Flow	0.00	0.00	0.00	-135.00	0.00	0.00

Queste Communications Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:QUE, the sentiment is Positive. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 76.11 is Negative, neither overbought nor oversold. The STOCH value of 63.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:QUE.

Queste Communications Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
QUE	63 Neutral	AU$1.52M	2.11	27.06%	―	387.73%	-57.17%
PVL	62 Neutral	AU$23.12M	9.35	13.13%	―	101.80%	355.88%
IPC	54 Neutral	AU$10.87M	57.64	1.82%	3.50%	-50.00%	-52.07%
BPH	54 Neutral	AU$14.89M	1.75	19.93%	―	―	29.55%
SOR	45 Neutral	AU$25.56M	-9.82	-55.22%	―	66.69%	5.17%
KBC	43 Neutral	AU$9.72M	―	―	―	―	―

Queste Communications Ltd Corporate Events

Queste Communications Posts Modest Operating Inflow and Maintains Strong Cash Position in December

Queste Communications Ltd has reported its monthly cash flow for December 2025, showing a modest net cash inflow from operating activities at the company level and stable consolidated cash reserves. Company-level operating cash flow turned slightly positive, aided by recovery of staff costs under shared office arrangements, while staff and corporate administration expenses remained the main cash outflows. On a consolidated basis, including Orion Equities, the group sustained strong cash and cash equivalents of about A$4.0 million at month-end, with minimal investing activity and limited financing movements, indicating a conservatively positioned balance sheet and stable liquidity for stakeholders.

The most recent analyst rating on (AU:QUE) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Queste Communications Ltd stock, see the AU:QUE Stock Forecast page.

Queste Communications Ltd Reports Monthly Cash Flow

Queste Communications Ltd released its monthly cash flow report, highlighting a net cash decrease in operating activities due to staff and administrative costs. The company maintains a stable financial position with significant cash reserves, despite minimal cash flow from investing and financing activities. This financial update underscores Queste’s ongoing focus on managing operational expenses while maintaining its investment interests.

Queste Communications Ltd 2025 AGM Resolutions Passed

Queste Communications Ltd announced the results of its 2025 Annual General Meeting, where all resolutions were passed successfully. The adoption of the Remuneration Report and the re-election of Yaqoob Khan as a director were both approved, indicating strong shareholder support and stability in the company’s governance.

Queste Communications Ltd Announces Change of Address

Queste Communications Ltd has announced a change in its registered office and principal place of business to a new address in Perth, Western Australia, effective from November 18, 2025. This change in location is part of the company’s operational updates, but it does not affect its contact numbers, which remain the same.

Queste Communications Ltd Reports Modest Cash Flow Changes

Queste Communications Ltd’s latest cash flow report reveals a slight increase in cash from operating activities, primarily due to the recovery of staff costs under shared office arrangements. However, the company experienced a decrease in overall cash flow, with minimal activity in investing and financing sectors, indicating a cautious approach to financial management.