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Sprintex Limited (AU:SIX)
ASX:SIX
Australian Market

Sprintex Limited (SIX) AI Stock Analysis

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AU:SIX

Sprintex Limited

(Sydney:SIX)

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Neutral 44 (OpenAI - 5.2)
Rating:44Neutral
Price Target:
AU$0.08
▲(30.00% Upside)
The score is held down primarily by weak financial performance (ongoing losses, negative equity, and negative cash flows). Technicals are supportive due to strong price trend above major moving averages, but overbought momentum indicators add near-term risk. Valuation is also pressured by the negative P/E, consistent with lack of profitability.
Positive Factors
Gross Margin Improvement
The significant improvement in gross margin indicates enhanced operational efficiency and cost management, which could support future profitability.
Product Innovation
Continuous investment in R&D for product innovation helps maintain a competitive edge and attract a loyal customer base, supporting long-term growth.
Strategic Partnerships
Strategic partnerships enhance market reach and provide opportunities for co-branded products, strengthening market position and revenue potential.
Negative Factors
Negative Cash Flow
Persistent negative cash flow limits the company's ability to invest in growth or reduce debt, posing a risk to financial stability and long-term viability.
Solvency Risk
Negative equity and high leverage reflect significant financial risk, potentially impacting the company's ability to sustain operations and meet obligations.
Profitability Challenges
Ongoing profitability challenges with worsening net profit margins indicate increasing losses, which could hinder long-term financial health and growth prospects.

Sprintex Limited (SIX) vs. iShares MSCI Australia ETF (EWA)

Sprintex Limited Business Overview & Revenue Model

Company DescriptionSprintex Limited (SIX) is a dynamic company specializing in the development and manufacturing of advanced supercharger systems for automotive applications. With a strong focus on enhancing engine performance and efficiency, Sprintex operates within the automotive sector, primarily catering to aftermarket enhancements. The company's core products include innovative supercharger kits designed for a wide range of vehicle models, aiming to deliver superior power and torque to both performance enthusiasts and everyday drivers.
How the Company Makes MoneySprintex Limited generates revenue primarily through the sale of its supercharger systems and associated automotive performance products. The company's revenue model is driven by direct sales to consumers and automotive retailers, as well as partnerships with automotive dealerships and performance shops. Key revenue streams include the sale of supercharger kits, installation services, and aftermarket accessories. Additionally, Sprintex benefits from strategic partnerships with automotive manufacturers and performance brands, enhancing its market reach and providing opportunities for co-branded products. The company also invests in research and development to innovate and expand its product offerings, which helps maintain a competitive edge and attract a loyal customer base.

Sprintex Limited Financial Statement Overview

Summary
Sprintex Limited faces significant financial challenges, with persistent losses, high leverage, and negative cash flows. Despite some revenue growth and improving gross profit margins, the company's financial health is undermined by its inability to achieve profitability and manage its debt effectively.
Income Statement
Sprintex Limited has shown some revenue growth over the years, with a notable increase in gross profit margin from 20.7% in 2023 to 39.9% in 2025. However, the company is struggling with profitability, as evidenced by consistently negative net profit margins, EBIT margins, and EBITDA margins. The net profit margin has worsened from -2.1% in 2020 to -4.1% in 2025, indicating increasing losses.
Balance Sheet
The balance sheet reveals significant financial instability, with negative stockholders' equity in recent years, indicating potential solvency issues. The debt-to-equity ratio is negative, reflecting high leverage and financial risk. Return on equity is also negative, further highlighting the company's inability to generate profits from its equity base.
Cash Flow
Sprintex Limited's cash flow situation is concerning, with negative operating and free cash flows throughout the period. Although there was a slight improvement in the free cash flow to net income ratio, the overall cash flow position remains weak, limiting the company's ability to invest in growth or reduce debt.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.51M1.51M1.20M1.02M493.32K574.85K
Gross Profit602.74K602.75K359.90K211.89K41.13K332.83K
EBITDA-5.05M-5.05M-3.69M-3.34M-5.74M47.65K
Net Income-6.14M-6.14M-4.50M-4.38M-5.88M127.64K
Balance Sheet
Total Assets3.89M3.89M4.49M2.30M1.88M3.46M
Cash, Cash Equivalents and Short-Term Investments693.25K693.25K1.94M49.25K80.04K2.57M
Total Debt4.57M4.57M4.71M3.20M337.33K284.01K
Total Liabilities7.37M7.37M6.38M4.48M706.53K611.07K
Stockholders Equity-3.48M-3.48M-1.89M-2.18M1.17M2.84M
Cash Flow
Free Cash Flow-4.53M-4.53M-3.76M-3.31M-5.24M-3.40M
Operating Cash Flow-4.02M-4.02M-3.52M-3.21M-4.29M-3.35M
Investing Cash Flow-465.88K-465.88K-169.34K52.69K-946.36K-357.64K
Financing Cash Flow2.96M2.96M5.58M3.13M2.75M6.09M

Sprintex Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.06
Price Trends
50DMA
0.06
Positive
100DMA
0.06
Positive
200DMA
0.05
Positive
Market Momentum
MACD
<0.01
Negative
RSI
76.38
Negative
STOCH
70.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SIX, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.06, and above the 200-day MA of 0.05, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 76.38 is Negative, neither overbought nor oversold. The STOCH value of 70.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:SIX.

Sprintex Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
66
Neutral
AU$271.95M11.2110.48%4.50%1.54%-10.39%
63
Neutral
AU$14.71M3.108.25%-5.17%-19.44%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
61
Neutral
AU$45.75M25.0018.17%25.15%2.22%
53
Neutral
AU$382.86M-47.90-4.58%13.54%66.33%
48
Neutral
AU$41.09M-0.83-44.12%0.89%-2641.38%
44
Neutral
AU$56.70M-7.96-27.79%32.50%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:SIX
Sprintex Limited
0.09
0.04
75.51%
AU:NTD
National Tyre & Wheel Ltd.
0.25
0.05
28.95%
AU:SFC
Schaffer Corporation Limited
20.01
-0.91
-4.35%
AU:ABV
Advanced Braking Technology Limited
0.12
0.04
43.75%
AU:AMA
Ama Group Limited
0.80
0.23
40.35%
AU:RPM
RPM Automotive Group Ltd.
0.05
-0.01
-18.18%

Sprintex Limited Corporate Events

Sprintex defends disclosure of €15.6m Mest Water order in ASX query response
Dec 30, 2025

Sprintex Limited has formally responded to an ASX query, confirming that a €15.6 million purchase order from long-term partner Mest Water is considered price-sensitive information and was handled in accordance with continuous disclosure obligations. The company detailed a timeline showing that the order was received outside market hours on 23 December 2025, prompting an immediate trading halt request before the next market open and a subsequent announcement on 29 December, and cited six prior market updates on the evolving Mest Water relationship as evidence of ongoing disclosure, while affirming full compliance with ASX Listing Rule 3.1 and board sign-off on its responses.

The most recent analyst rating on (AU:SIX) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Sprintex Limited stock, see the AU:SIX Stock Forecast page.

Sprintex Wins Record A$27.4m Order to Power European Farm Waste Systems
Dec 28, 2025

Sprintex Limited has secured a binding €15.6 million (A$27.4 million) purchase order from Dutch partner MW Techniek Systems (Mest Water) for 500 stationary ZLD-UP® MVR compressor systems and 500 integrated PLC control systems, the largest order in its history and a key step in its commercial rollout. The multi-year supply program, following an 18‑month evaluation and validation phase, is scheduled to begin deliveries in March 2026 with a ramp-up through 2027, and is expected to drive a substantial revenue scale-up and support a potential operating profit in FY26 as systems are deployed across thousands of European farms amid strong EU and Dutch regulatory tailwinds for nitrogen and ammonia reduction.

The most recent analyst rating on (AU:SIX) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Sprintex Limited stock, see the AU:SIX Stock Forecast page.

Sprintex Requests Trading Halt Ahead of Material Purchase Order Announcement
Dec 22, 2025

Sprintex Limited, an ASX-listed company based in Subiaco, Western Australia, has requested an immediate halt to trading in its securities on the Australian Securities Exchange. The request, authorised by the board and accepted by ASX Compliance, is to allow the company to prepare and release an announcement regarding a material purchase order, with the halt to remain in place until either the announcement is made or normal trading resumes on 29 December 2025. The move signals that Sprintex is managing potentially price-sensitive information, and investors are now awaiting details of the order, which could have a meaningful impact on the company’s operations or outlook once disclosed.

The most recent analyst rating on (AU:SIX) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Sprintex Limited stock, see the AU:SIX Stock Forecast page.

Sprintex Limited Issues New Performance Rights to Employees
Dec 7, 2025

Sprintex Limited announced the issuance of 32,760,000 unquoted securities in the form of performance rights under an employee incentive scheme. This move is part of the company’s strategy to incentivize and retain key personnel, potentially enhancing its operational capabilities and competitive positioning in the automotive industry.

The most recent analyst rating on (AU:SIX) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Sprintex Limited stock, see the AU:SIX Stock Forecast page.

Sprintex Limited Updates Director’s Interest Notice
Nov 30, 2025

Sprintex Limited has announced a change in the director’s interest notice, specifically concerning Steven Apedaile’s indirect interest in securities. The change involves the Apedaile Family Trust, where Mr. Apedaile is a trustee and beneficiary. This update reflects the company’s compliance with ASX listing rules and ensures transparency in the director’s holdings, which could impact stakeholders’ perceptions of governance and trust within the company.

The most recent analyst rating on (AU:SIX) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Sprintex Limited stock, see the AU:SIX Stock Forecast page.

Sprintex Limited Issues New Performance Rights as Part of Employee Incentive Scheme
Nov 30, 2025

Sprintex Limited has announced the issuance of new unquoted equity securities in the form of performance rights with various expiration dates. This move is part of an employee incentive scheme and involves a total of 89 million performance rights, which are not intended to be quoted on the ASX. The issuance of these securities is expected to enhance employee engagement and align their interests with the company’s long-term goals.

The most recent analyst rating on (AU:SIX) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Sprintex Limited stock, see the AU:SIX Stock Forecast page.

Sprintex Limited Announces Cessation of Securities
Nov 30, 2025

Sprintex Limited has announced the cessation of certain securities, specifically performance rights, totaling 56,057,000 units. This cessation, effective November 27, 2025, was executed through a cancellation agreement between the company and the holders. The impact of this announcement may influence the company’s capital structure and could have implications for its stakeholders.

The most recent analyst rating on (AU:SIX) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Sprintex Limited stock, see the AU:SIX Stock Forecast page.

Sprintex Limited Successfully Passes All Resolutions at Recent Meeting
Nov 14, 2025

Sprintex Limited held a meeting where all proposed resolutions were passed, including the adoption of the remuneration report, re-election of director Li Chen, and various ratifications and approvals related to share and option issuances. These decisions reflect strong shareholder support and are likely to enhance the company’s financial flexibility and governance structure.

Sprintex Limited Announces Cessation of Securities
Nov 4, 2025

Sprintex Limited has announced the cessation of certain securities due to the expiry of options or other convertible securities without exercise or conversion. Specifically, 21,997,500 performance rights under the code SIXAY and 2,500,000 performance rights under the code SIXAAA have ceased as of October 31, 2025. This cessation of securities may impact the company’s capital structure and could have implications for stakeholders, potentially affecting the company’s market positioning and investor relations.

Sprintex Limited Advances to Large-Scale Commercial Execution
Oct 29, 2025

Sprintex Limited has made significant strides in transitioning from product development to large-scale commercial execution in the September 2025 quarter. The company has advanced key partnerships in Europe, Asia, and India, leading to early revenue generation and expanded market opportunities. In Europe, Sprintex’s technology is being integrated into government-backed environmental projects, while in India, the company has strengthened its market presence through a successful partnership with Euroteck Environmental Pvt Ltd. Additionally, a new supply agreement in China provides multi-year revenue visibility and access to the aquaculture market. These developments position Sprintex for sustained revenue growth and increased international brand recognition.

Sprintex Advances with Successful PLC System Commissioning at Mest Water
Oct 27, 2025

Sprintex Limited has successfully delivered and commenced the commissioning of its integrated PLC control systems at Mest Water’s Netherlands facility, marking a significant milestone in their collaboration. This development transitions Sprintex from a component supplier to a full-system technology partner, positioning the company to capitalize on a lucrative market opportunity, including a potential maiden order valued at €9.3 million. The integration of Sprintex’s systems is expected to benefit from new European regulations on nitrogen and ammonia reduction, enhancing the economic potential of Mest Water’s ZLD-UP systems and supporting Sprintex’s growth in commercial production orders and recurring revenue.

Sprintex Limited Announces Auditor Change to Enhance Financial Oversight
Oct 15, 2025

Sprintex Limited has announced a change in its auditing firm, with PKF Perth replacing PKF Brisbane Audit as the company’s auditor. This decision follows the rotation of the audit partner and a tendering process for audit services. The appointment of PKF Perth is subject to shareholder approval at the upcoming annual general meeting. This change is part of Sprintex’s ongoing efforts to maintain robust financial oversight and transparency, potentially impacting stakeholder confidence and the company’s operational integrity.

Sprintex Limited Completes Share Issuance to Bolster Market Position
Oct 13, 2025

Sprintex Limited has completed the issuance of 30 million fully paid ordinary shares to new and existing shareholders as part of a placement announced in September 2025. This move is compliant with the Corporations Act and signifies the company’s ongoing efforts to strengthen its financial position and support its innovation-driven approach in clean air technologies, potentially impacting stakeholders by enhancing its market presence in both industrial and automotive sectors.

Sprintex Limited Issues Unquoted Equity Securities
Oct 13, 2025

Sprintex Limited has announced the issuance of 12,500,000 unquoted equity securities, specifically options expiring on June 30, 2026, with an exercise price of $0.10. This issuance is part of previously announced transactions and is not intended to be quoted on the ASX, potentially impacting the company’s financial structure and stakeholder interests.

Sprintex Limited to Quote 30 Million New Shares on ASX
Oct 13, 2025

Sprintex Limited has announced the issuance of 30 million fully paid ordinary shares, which will be quoted on the Australian Securities Exchange (ASX) under the code SIX. This move is part of a previously announced transaction and aims to bolster the company’s financial position, potentially enhancing its market presence and providing additional resources for growth and development.

Sprintex Limited Announces Key Resolutions for Upcoming AGM
Oct 3, 2025

Sprintex Limited has announced its upcoming Annual General Meeting, which will take place on November 14, 2025, in Perth, Australia. The meeting will cover several key agenda items, including the consideration of the company’s financial statements, the adoption of the remuneration report, the re-election of director Li Chen, and the ratification of the issuance of shares and options under placements. These resolutions, particularly those concerning share and option issuances, are significant for the company’s financial strategy and shareholder value, as they reflect ongoing efforts to manage capital and stakeholder interests.

Sprintex Limited Announces Proposed Securities Issue to Boost Capital
Sep 30, 2025

Sprintex Limited has announced a proposed issue of securities, including 30 million ordinary fully paid shares and 12.5 million options expiring on June 30, 2026, with an exercise price of $0.10. This move is expected to provide the company with additional capital, potentially impacting its market position by enabling further development of its product offerings and expansion within the automotive sector.

Sprintex Secures $1.5 Million Investment to Advance Clean Technology Initiatives
Sep 30, 2025

Sprintex Limited has successfully secured $1.5 million in firm commitments from four strategic investors, including international institutions, through the issuance of 30 million new shares. The funds will be used for working capital and to advance collaboration with Mest Water on ammonia-reduction systems in the Netherlands and the European Union. This collaboration is progressing towards significant orders valued at €9.3 million, tied to large-scale deployments with Van Drie Group, the Netherlands’ largest veal producer. The placement, supported by MWP Partners Limited and existing major shareholders, is seen as a strong endorsement of Sprintex’s growth trajectory and its position in the market as regulatory demand continues to drive interest in its high-efficiency technology.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 31, 2025