White Energy Company Limited (AU:WEC)
ASX:WEC
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White Energy Company Limited
(Sydney:WEC)
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Rating:45Neutral
Price Target:
AU$0.17
▲(315.00% Upside)
Action:Reiterated
Date:05/27/26
The score is held down primarily by very weak financial performance (ongoing losses, persistent cash burn, and negative equity with elevated balance-sheet risk). Technicals provide some offset due to strong upward momentum, but the extremely overbought RSI adds pullback risk. Valuation is also constrained by a negative P/E and no dividend yield support.
Positive Factors
Proprietary BCB technology
Ownership of a patented Binderless Coal Briquetting (BCB) process provides a durable competitive advantage: it creates IP protection, potential licensing revenue, and differentiation in treating high-moisture low-grade coal that supports long-term commercial adoption and partner interest.
Negative Factors
Persistent multi-year losses
Consistent negative EBIT, EBITDA and net income across provided years shows the company has not reached profitability. Ongoing losses erode reserves and require external funding, limiting reinvestment capacity and weakening prospects for self-sustained growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary BCB technology
Ownership of a patented Binderless Coal Briquetting (BCB) process provides a durable competitive advantage: it creates IP protection, potential licensing revenue, and differentiation in treating high-moisture low-grade coal that supports long-term commercial adoption and partner interest.
Read all positive factors
White Energy Company Limited (WEC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$57.39M
Dividend YieldN/A
Average Volume (3M)37.62K
Price to Earnings (P/E)―
Beta (1Y)-0.14
Revenue GrowthN/A
EPS Growth90.80%
CountryAU
Employees75
SectorEnergy
Sector Strength52
IndustryCoal
Share Statistics
EPS (TTM)-0.02
Shares Outstanding441,460,750
10 Day Avg. Volume0
30 Day Avg. Volume37,615
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-4.71
Price to Sales (P/S)97.24
P/FCF Ratio-1.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
White Energy Company Limited Business Overview & Revenue Model
Company Description
White Energy Company Limited engages in coal technology, coal mining, and exploration businesses in Australia, Indonesia, China, Singapore, South Africa, Mauritius, the United States, and the United Kingdom. It holds license for the Binderless Coa...
How the Company Makes Money
White Energy Company Limited generates revenue primarily through the commercialization and licensing of its Binderless Coal Briquetting (BCB) technology, as well as the production and sale of its upgraded coal products to industrial and energy cus...
White Energy Company Limited Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.00K | 82.00K | 89.00K | 106.00K | 90.00K | 24.00K |
| Gross Profit | -38.00K | 30.00K | 64.00K | -1.98M | 71.00K | -62.00K |
| EBITDA | -3.49M | -3.23M | -1.75M | -4.12M | -3.88M | -15.07M |
| Net Income | -3.46M | -23.92M | -6.23M | -6.21M | -5.80M | -17.91M |
Balance Sheet | ||||||
| Total Assets | 16.49M | 12.92M | 13.27M | 10.20M | 11.71M | 17.06M |
| Cash, Cash Equivalents and Short-Term Investments | 3.65M | 3.15M | 5.64M | 772.00K | 434.00K | 2.22M |
| Total Debt | 12.57M | 55.55M | 51.87M | 33.85M | 32.69M | 30.02M |
| Total Liabilities | 25.36M | 56.69M | 54.29M | 54.07M | 50.39M | 44.03M |
| Stockholders Equity | -198.00K | -1.69M | -2.51M | -4.97M | -3.34M | 3.10M |
Cash Flow | ||||||
| Free Cash Flow | -3.84M | -4.59M | -5.13M | -3.95M | -3.04M | -10.93M |
| Operating Cash Flow | -3.08M | -2.26M | -3.64M | -3.81M | -2.90M | -10.86M |
| Investing Cash Flow | -2.31M | -2.10M | -1.49M | -436.00K | 903.00K | 1.90M |
| Financing Cash Flow | 7.11M | 3.77M | 7.99M | 4.58M | 182.00K | 483.00K |
White Energy Company Limited Technical Analysis
Positive
0.04
Price Trends
0.05
Positive
0.05
Positive
0.04
Positive
Market Momentum
0.02
Negative
93.34
Negative
74.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WEC, the sentiment is Positive. The current price of 0.04 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.05, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 93.34 is Negative, neither overbought nor oversold. The STOCH value of 74.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:WEC.
White Energy Company Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$9.30B | 5.91 | 4.93% | 11.73% | -13.48% | -63.82% | |
66 Neutral | AU$4.86B | 17.50 | 5.87% | 8.48% | -20.55% | -72.75% | |
66 Neutral | AU$7.26B | 23.23 | 11.25% | 1.92% | -13.80% | 268.90% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | AU$2.25B | 155.57 | -4.42% | 7.32% | -19.76% | -125.65% | |
45 Neutral | AU$57.39M | -1.17 | 366.05% | ― | ― | 90.80% | |
44 Neutral | AU$435.88M | -0.33 | -98.22% | 4.79% | -14.94% | -255.82% |
* Energy Sector Average
AU:WEC
White Energy Company Limited
0.17
0.13
347.37%
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AU:CRN
Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh
0.26
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112.50%
White Energy Company Limited Corporate Events
White Energy Plans Dual Coal Acquisitions and $15m Capital Raising in Strategic Pivot
May 22, 2026
White Energy has entered a non-binding indicative term sheet to acquire the Lolley No. 1 underground metallurgical coal project in Alabama via the purchase of Essential Global Resources and the Tin Hut Creek coal project in Queensland’s Sura...
White Energy Advances Specimen Hill Drilling and Expands Coal Technology Partnerships
Apr 30, 2026
White Energy reported that recent diamond drilling at its Specimen Hill copper-gold project in Queensland has intersected widespread alteration and signs of copper-gold mineralisation, consistent with large metasomatic iron alkali–calcic sys...
White Energy Drilling at Specimen Hill Points to Large, Multi-Style Copper-Gold System
Apr 30, 2026
White Energy has completed an eight-hole reconnaissance diamond drilling program at its Specimen Hill Project near Biloela in Central Queensland, targeting induced polarisation, magnetic and geochemical anomalies to verify earlier work. The progra...
White Energy Releases Interim Financial Report for Half-Year to 31 December 2025
Mar 11, 2026
White Energy Company Limited has released its interim financial report for the half-year ended 31 December 2025, covering the consolidated results of the parent and its subsidiaries. The report, which forms part of the company’s continuous d...
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.