Vysarn Ltd (VYS) AI Stock Analysis

• Market Cap: AU$421.96M
• Dividend Yield: N/A
• Average Volume (3M): 502.31K
• Price to Earnings (P/E): 29.3
• Beta (1Y): 1.36
• Revenue Growth: 40.38%
• EPS Growth: 7.14%
• Country: AU
• Employees: N/A
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.01
• Shares Outstanding: 527,444,800
• 10 Day Avg. Volume: 230,386
• 30 Day Avg. Volume: 502,307
• PEG Ratio: 2.48
• Price to Book (P/B): 2.47
• Price to Sales (P/S): 2.30
• P/FCF Ratio: 34.16
• 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: AU$0.93
• Price Target Upside: 16.25% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.03
• Revenue Forecast (FY): AU$134.00M

• Rating: 73 Outperform
• Price Target: AU$0.88 ▲(10.25% Upside)
• Action: Reiterated Date: 03/03/26
• Date: Action: Reiterated 03/03/26

The score is primarily supported by strong financial performance (notably high revenue growth and solid margins, plus very low leverage) and a favorable technical uptrend with positive momentum. This is partially offset by weaker free cash flow dynamics and a relatively high P/E valuation.

Positive Factors

Revenue Growth

Sustained top-line expansion demonstrates strong market demand for Vysarn's project and contract water services. Durable revenue growth supports scaling specialist crews and equipment, improves bargaining power with suppliers, and provides recurring project pipeline benefits over the next 2–6 months.

Profitability and Margins

Healthy EBITDA and net margins indicate operational efficiency in both services and product installations. Persistent margin cushions long-term profitability against cyclical demand and fund reinvestment, enabling stable operating cash generation if cost controls and pricing power are maintained.

Balance Sheet Strength

Extremely low leverage and a strong equity base provide financial flexibility for bid participation, equipment investment or selective M&A without material refinancing risk. This reduces interest burden and supports resilience through project timing variations over multiple quarters.

Negative Factors

Weak Free Cash Flow Conversion

Negative FCF growth and sub‑par conversion mean a large share of earnings is not becoming free cash, limiting self-funded expansion, capex or distributions. Over several quarters this can force external financing or slow reinvestment in crews/equipment, constraining durable growth.

Declining Return on Equity

A falling ROE signals weakening capital efficiency: the company earns less per dollar of shareholder equity. If the trend persists it may indicate challenges monetising growth investments or margin pressure, reducing long‑term shareholder returns absent strategy shifts.

Margin Pressure Risk

A declining gross margin suggests rising input or labour costs or contract mix shifts. For a services-and-supply model, continued margin erosion would materially affect operating profits and cash generation unless offset by price increases, productivity gains, or contract renegotiation.

Vysarn Ltd Business Overview & Revenue Model

Company Description

Vysarn Limited engages in the hydrogeological drilling business in Western Australia. It also operates in the test pumping and water consultancy businesses. The company was incorporated in 2007 and is based in West Perth, Australia.

How the Company Makes Money

Vysarn generates revenue primarily through the execution of contracts related to water infrastructure projects, which include the design, construction, and maintenance of water treatment facilities and pipelines. Key revenue streams consist of project management fees, consulting services, and ongoing maintenance contracts. The company also benefits from partnerships with governmental agencies and private enterprises that require specialized water management solutions. Additionally, Vysarn may engage in joint ventures or collaborations that expand its service offerings and market reach, contributing to its overall financial performance.

Vysarn Ltd Financial Statement Overview

Summary

Strong income statement quality (Income Statement Score 85) driven by 36.54% revenue growth and healthy margins (net margin 10.04%, EBIT 13.16%). Balance sheet is robust with very low leverage (debt-to-equity 0.03; Balance Sheet Score 78). Cash flow is the main drag (Cash Flow Score 70) with negative free cash flow growth (-15.16%) and relatively low free-cash-flow conversion (FCF to net income 0.42).

Income Statement

Vysarn Ltd has demonstrated strong revenue growth, with a 36.54% increase in the latest year, indicating robust business expansion. The company maintains healthy profitability margins, with a gross profit margin of 34.54% and a net profit margin of 10.04%. The EBIT margin of 13.16% and EBITDA margin of 18.14% further reflect operational efficiency. However, the slight decline in gross profit margin compared to the previous year suggests potential cost pressures.

Balance Sheet

The balance sheet of Vysarn Ltd shows a solid financial position with a low debt-to-equity ratio of 0.03, indicating minimal leverage and financial risk. The return on equity (ROE) is 10.76%, which is decent but has decreased from the previous year, suggesting a need for improved profitability. The equity ratio stands at 71.66%, reflecting a strong equity base relative to total assets.

Cash Flow

Vysarn Ltd's cash flow performance is mixed. The operating cash flow to net income ratio is 0.67, indicating good cash generation relative to net income. However, the free cash flow growth rate is negative at -15.16%, highlighting challenges in maintaining free cash flow levels. The free cash flow to net income ratio of 0.42 suggests that a significant portion of net income is not translating into free cash flow.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	132.32M	106.53M	75.89M	64.96M	46.30M	25.82M
Gross Profit	23.53M	36.80M	26.95M	10.31M	6.22M	2.41M
EBITDA	23.96M	19.33M	16.32M	12.48M	9.08M	5.01M
Net Income	14.38M	10.69M	7.96M	3.87M	2.86M	344.82K
Balance Sheet
Total Assets	139.64M	138.71M	65.72M	61.87M	52.35M	45.33M
Cash, Cash Equivalents and Short-Term Investments	13.77M	12.96M	3.73M	8.31M	5.76M	6.62M
Total Debt	2.49M	2.71M	3.42M	10.03M	10.52M	13.35M
Total Liabilities	31.93M	39.33M	24.67M	28.95M	24.27M	20.57M
Stockholders Equity	107.71M	99.37M	41.06M	32.92M	28.09M	24.76M
Cash Flow
Free Cash Flow	2.76M	7.18M	2.94M	5.55M	4.48M	-4.99M
Operating Cash Flow	11.84M	17.16M	10.21M	9.66M	9.50M	1.71M
Investing Cash Flow	-13.03M	-40.77M	-6.15M	-6.80M	-6.73M	-6.32M
Financing Cash Flow	-2.63M	32.83M	-8.64M	-259.12K	-3.62M	1.46M

Vysarn Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:VYS, the sentiment is Positive. The current price of 0.8 is above the 20-day moving average (MA) of 0.78, above the 50-day MA of 0.74, and above the 200-day MA of 0.60, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 52.83 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:VYS.

Vysarn Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DUR	74 Outperform	AU$562.11M	23.83	34.21%	2.25%	3.10%	5.08%
VYS	73 Outperform	AU$421.96M	29.30	15.23%	―	40.38%	7.14%
ACF	69 Neutral	AU$289.75M	14.01	16.13%	5.71%	25.14%	-14.54%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
VBC	63 Neutral	AU$71.95M	13.66	17.38%	0.49%	-8.28%	89.71%
SND	56 Neutral	AU$117.55M	-15.21	4.01%	2.78%	-0.72%	-78.03%

Vysarn Ltd Corporate Events

Vysarn Highlights Growing Scale and Integrated Water Services Capability

Vysarn Ltd has provided an investor update outlining its position as a growing water services and infrastructure specialist, with a reported market capitalisation of $459 million and a workforce of more than 360 professionals. The company highlights its capability to deliver end-to-end solutions including bore construction, water extraction, conveyance infrastructure, treatment, disposal, supply, and advisory services, reinforcing its strategic focus on sustainable, impactful outcomes for clients, communities, and investors across the water management lifecycle.

The most recent analyst rating on (AU:VYS) stock is a Buy with a A$0.97 price target. To see the full list of analyst forecasts on Vysarn Ltd stock, see the AU:VYS Stock Forecast page.

Vysarn Director Cuts Indirect Stake in $3.2m Off-Market Trade

Vysarn Limited has reported a change in the indirect shareholding of director Sheldon Burt, held through Connada Pty Ltd, in accordance with ASX listing rule disclosure requirements. Burt disposed of 4,259,260 fully paid ordinary shares in an off-market trade on 27 February 2026 for consideration of $3.2 million, reducing his indirect holding from 11,217,315 to 6,958,055 shares, with the company confirming that the transactions did not occur during a closed trading period and therefore did not require special clearance.

The most recent analyst rating on (AU:VYS) stock is a Buy with a A$0.93 price target. To see the full list of analyst forecasts on Vysarn Ltd stock, see the AU:VYS Stock Forecast page.

Vysarn posts record half-year profit as industrial arm drives growth

Vysarn reported a record half-year result for the six months to 31 December 2025, with operational revenue of $66.8 million, EBITDA of $13.9 million and net profit before tax of $10.0 million. The performance kept the business broadly on track with its stated goal of sustaining a $20 million annual NPBT run rate, delivering $19.8 million NPBT across the combined 2H FY25 and 1H FY26 period.

Growth was driven primarily by the industrial segment, which delivered record earnings on strong client demand, increased rig utilisation and targeted fleet expansion to reinforce its competitive position. The advisory segment met expectations while absorbing costs from CMP Consulting Group’s rapid expansion into new geographies and sectors, and the technology segment contributed later in the half but remains weighted to second-half project timing.

Vysarn Asset Management advanced development of its first water asset with Kariyarra Aboriginal Corporation, progressing licensing, regulatory approvals and offtake discussions that support a longer-term asset ownership strategy. Overall group overheads remained stable, and the solid earnings momentum and tax position underline a period of disciplined growth despite one-off expansion costs and segmental timing impacts.

The most recent analyst rating on (AU:VYS) stock is a Buy with a A$0.94 price target. To see the full list of analyst forecasts on Vysarn Ltd stock, see the AU:VYS Stock Forecast page.

Vysarn Limited to Release 10 Million Escrow Shares

Vysarn Limited, operating in the consulting and services industry, has announced the release of 10,000,000 fully paid ordinary shares from escrow on 16 December 2025. These shares were initially issued as part of the vendor consideration for the acquisition of CMP Consulting Group Pty Ltd and were held in escrow for 12 months following the acquisition’s completion. This release signifies a key step in the integration process post-acquisition, potentially impacting Vysarn’s market operations and stakeholder interests.

The most recent analyst rating on (AU:VYS) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Vysarn Ltd stock, see the AU:VYS Stock Forecast page.