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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 47 (OpenAI - 5.2)
Rating:47Neutral
Price Target:
AU$0.07
▲(23.33% Upside)
The score is weighed down primarily by poor financial health (ongoing losses, negative equity, and negative cash flows). Technicals provide some support due to a strong uptrend, but overbought signals reduce confidence. Valuation is constrained by negative earnings and the absence of a dividend yield.
Positive Factors
Focused aftermarket product niche
A focused product niche in supercharger systems gives Sprintex durable product-market fit among performance enthusiasts and aftermarket channels. Specialization supports deep technical know-how, repeatable revenue from kits, installations, and accessories, and defensibility versus generalist parts suppliers.
Improving gross margins
Material gross margin improvement suggests better unit economics or cost control at the manufacturing level, which supports long-term margin sustainability if maintained. Higher gross margins improve ability to fund R&D, absorb SG&A, and shorten breakeven horizons on new product investments.
R&D investment and partnerships
Ongoing R&D plus partnerships create a structural advantage by expanding product breadth and market access. Co-branded products and OEM ties can drive distribution scale, lower customer acquisition costs, and create higher barriers for new entrants over the medium term.
Negative Factors
Persistent unprofitability
Sustained negative profitability erodes capital and limits reinvestment capacity; it undermines operating leverage and makes the business reliant on external funding. Over months, ongoing losses can prevent scaling, hinder hiring, and reduce the ability to execute long-term product roadmaps.
Negative stockholders' equity / solvency risk
Negative equity signals cumulative losses and raises solvency concerns, restricting access to debt and equity markets. This structural weakness can force asset sales, dilution, or refinancing under unfavorable terms, constraining strategic investments and long-term competitive positioning.
Consistently negative operating and free cash flow
Chronic negative cash flow limits the firm's ability to fund growth, repay liabilities, or invest in product development without external capital. Over a multi-month horizon, weak cash generation increases refinancing risk and can delay commercialization or capacity expansion initiatives.

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
Weak fundamentals: persistent losses (negative net/EBIT/EBITDA margins), negative equity indicating solvency risk, and consistently negative operating/free cash flow. Improving gross margin is a positive, but not enough to offset profitability and balance-sheet concerns.
Income Statement
25
Negative
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
15
Very Negative
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
20
Very Negative
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
0.07
Positive
100DMA
0.06
Positive
200DMA
0.05
Positive
Market Momentum
MACD
<0.01
Positive
RSI
50.03
Neutral
STOCH
10.19
Positive
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 0.09, below the 50-day MA of 0.07, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.03 is Neutral, neither overbought nor oversold. The STOCH value of 10.19 is Positive, 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$279.29M11.5110.48%4.50%1.54%-10.39%
63
Neutral
AU$53.71M29.3518.17%25.15%2.22%
63
Neutral
AU$15.53M3.288.25%-5.17%-19.44%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
53
Neutral
AU$358.93M-44.91-4.58%13.54%66.33%
48
Neutral
AU$38.57M-0.78-44.12%0.89%-2641.38%
47
Neutral
AU$52.66M-6.94-27.79%32.50%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:SIX
Sprintex Limited
0.08
0.02
29.31%
AU:NTD
National Tyre & Wheel Ltd.
0.23
0.05
27.78%
AU:SFC
Schaffer Corporation Limited
20.55
-0.56
-2.65%
AU:ABV
Advanced Braking Technology Limited
0.14
0.05
50.00%
AU:AMA
Ama Group Limited
0.75
0.23
44.23%
AU:RPM
RPM Automotive Group Ltd.
0.06
-0.01
-18.57%

Sprintex Limited Corporate Events

Sprintex Enters Multi‑Year Commercial Deployment With €15.6m Mest Water Order
Jan 27, 2026

Sprintex Limited has entered a pivotal commercial phase after securing a €15.6 million multi-year purchase order from Mest Water, its largest agreement to date, which will see deliveries begin in March 2026 and is expected to significantly lift revenues in FY26 and FY27. With commissioning and validation of its technology now completed, the company is shifting from development to disciplined production ramp-up and large-scale deployment of ZLD-UP® systems across Europe, supported by favourable regulatory changes under the RENURE framework and a growing sales pipeline. Sprintex is also building momentum in India through distributor-led growth and reference installations, diversifying its geographic exposure and revenue base, while a recent capital raising has strengthened its balance sheet, eliminated legacy debt and provided greater financial flexibility to support production scale-up and pursue further commercial opportunities.

The most recent analyst rating on (AU:SIX) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Sprintex Limited stock, see the AU:SIX Stock Forecast page.

Sprintex Issues New Shares and Options Under Placement, Confirms Compliance With Disclosure Rules
Jan 14, 2026

Sprintex Limited has completed a capital raising and restructuring of its equity through the issue of 26,666,667 fully paid ordinary shares, the conversion of 16,250,000 options into fully paid shares, and the issue of a further 2,000,000 options exercisable at $0.12 and expiring on 14 January 2027, allocated to a mix of new and existing shareholders under a recently announced placement. The company has confirmed that these securities were issued without a prospectus in reliance on disclosure exemptions, while stating it remains compliant with its financial reporting and continuous disclosure obligations and that there is no undisclosed information that investors would reasonably expect, a stance intended to reassure the market and existing stakeholders about governance and transparency around its capital management activities.

The most recent analyst rating on (AU:SIX) stock is a Sell with a A$0.08 price target. To see the full list of analyst forecasts on Sprintex Limited stock, see the AU:SIX Stock Forecast page.

Sprintex Redeems Convertible Notes, Streamlining Capital Structure
Jan 14, 2026

Sprintex Limited, listed on the ASX under the code SIX, has reported a change in its issued capital structure but has not disclosed details on its operating sector or main business activities in this notice. The company has redeemed 295,909 of its SIXAA convertible notes as of 14 January 2026, with the securities ceasing following repayment or redemption of the convertible debt without conversion, a move that simplifies its capital structure and removes this tranche of convertible obligations from its balance sheet.

The most recent analyst rating on (AU:SIX) stock is a Sell with a A$0.08 price target. To see the full list of analyst forecasts on Sprintex Limited stock, see the AU:SIX Stock Forecast page.

Sprintex Issues 2 Million Unquoted Options Expiring in 2027
Jan 14, 2026

Sprintex Limited has notified the market that it will issue 2 million unquoted options exercisable at $0.12 and expiring on 14 January 2027, under an arrangement previously flagged via an Appendix 3B. The new securities, which are not intended to be quoted on the ASX, modestly expand the company’s unquoted equity base and may provide additional incentive or funding flexibility for the business and its stakeholders over the medium term.

The most recent analyst rating on (AU:SIX) stock is a Sell with a A$0.08 price target. To see the full list of analyst forecasts on Sprintex Limited stock, see the AU:SIX Stock Forecast page.

Sprintex Seeks ASX Quotation for 16.25 Million New Shares
Jan 14, 2026

Sprintex Limited has applied to the ASX for quotation of 16,250,000 new fully paid ordinary shares under the code SIX, following the exercise or conversion of existing options or other convertible securities. The additional securities, issued on 14 January 2026, will expand the company’s quoted share capital, potentially affecting its capital structure and liquidity for existing and prospective shareholders.

The most recent analyst rating on (AU:SIX) stock is a Sell with a A$0.08 price target. To see the full list of analyst forecasts on Sprintex Limited stock, see the AU:SIX Stock Forecast page.

Sprintex Seeks ASX Quotation for 26.7 Million New Shares
Jan 14, 2026

Sprintex Limited has applied to the ASX for the quotation of 26,666,667 new ordinary fully paid shares, with an issue date of 14 January 2026. The securities form part of a previously announced transaction, and their quotation will increase the company’s number of tradeable shares on market, potentially enhancing liquidity for investors and supporting Sprintex’s broader capital management objectives.

The most recent analyst rating on (AU:SIX) stock is a Sell with a A$0.08 price target. To see the full list of analyst forecasts on Sprintex Limited stock, see the AU:SIX Stock Forecast page.

Sprintex Plans Equity Placement of Shares and Options on ASX
Jan 8, 2026

Sprintex Limited has notified the ASX of a proposed capital raising via a placement, seeking to issue up to 26,666,667 new fully paid ordinary shares and 2,000,000 options exercisable at A$0.10 and expiring 12 months from issue, with an expected issue date of 19 January 2026. The additional equity, once completed, will expand the company’s capital base and may provide funding flexibility for its operational and growth plans, while diluting existing shareholders but potentially strengthening Sprintex’s balance sheet and positioning in its niche engineering and technology markets.

The most recent analyst rating on (AU:SIX) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Sprintex Limited stock, see the AU:SIX Stock Forecast page.

Sprintex Raises A$3.6m to Deleverage Balance Sheet and Accelerate Mest Water Rollout
Jan 8, 2026

Sprintex Limited has secured A$3.625 million in new funding through the early exercise of options and a share placement, with the placement cornerstoned by Hong Kong-based investment firm MWP Partners and supported by key existing shareholders. The capital injection follows a landmark €15.6 million initial production order from Mest Water, described as the largest in the company’s history, and will be used to repay and extinguish multiple legacy loan facilities, partially reduce a remaining convertible note, and fund execution of near-term commercial opportunities linked to the Mest Water contract and broader uptake of Sprintex’s technology across Europe and other markets, materially strengthening its balance sheet and underpinning its shift toward scaled revenues and profitability.

The most recent analyst rating on (AU:SIX) stock is a Hold with a A$0.08 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 Capital Raising Announcement
Jan 6, 2026

Sprintex Limited, listed on the ASX under the ticker SIX, has requested a trading halt in its securities as it prepares an announcement related to a capital raising. Trading in Sprintex shares will be paused from 7 January 2026 and is expected to resume no later than the start of normal trading on 9 January 2026, or earlier if the capital-raising announcement is released. The move signals that the company is in the process of securing new funding, a step that could affect its capital structure and shareholder dilution, and may influence investor sentiment once full details are disclosed.

The most recent analyst rating on (AU:SIX) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Sprintex Limited stock, see the AU:SIX Stock Forecast page.

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.

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: Jan 20, 2026