White Energy Company Limited (AU:WEC)
ASX:WEC
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White Energy Company Limited
(Sydney:WEC)
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Rating:46Neutral
Price Target:
AU$0.04
▼(-2.50% Downside)
Action:ReiteratedDate:03/24/26
The score is primarily constrained by very weak financial performance (persistent losses, ongoing cash burn, and negative equity with elevated leverage risk). Technical indicators provide some offset with moderately positive longer-term momentum, but valuation remains unfavorable due to negative earnings and no dividend support.
Positive Factors
Proprietary BCB technology (IP)
Ownership of a patented Binderless Coal Briquetting (BCB) technology provides a durable competitive asset. Patented IP supports licensing, protects differentiation versus competitors, and underpins long-term commercial partnerships with coal producers and utilities seeking efficiency and emissions gains.
Negative Factors
Persistent losses and negative equity
Chronic losses and a negative equity position since 2022 materially weaken financial flexibility and creditor confidence. This structural impairment increases refinancing, covenant and solvency risk, limiting the firm's ability to invest in commercialization or withstand prolonged adoption timelines.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary BCB technology (IP)
Ownership of a patented Binderless Coal Briquetting (BCB) technology provides a durable competitive asset. Patented IP supports licensing, protects differentiation versus competitors, and underpins long-term commercial partnerships with coal producers and utilities seeking efficiency and emissions gains.
Read all positive factors
White Energy Company Limited (WEC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$17.66M
Dividend YieldN/A
Average Volume (3M)37.62K
Price to Earnings (P/E)―
Beta (1Y)-0.38
Revenue GrowthN/A
EPS Growth-57.46%
CountryAU
Employees75
SectorEnergy
Sector Strength52
IndustryCoal
Share Statistics
EPS (TTM)>-0.01
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
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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
Negative
0.04
Price Trends
0.04
Negative
0.04
Positive
0.04
Positive
Market Momentum
>-0.01
Positive
39.50
Neutral
64.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WEC, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.04, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.50 is Neutral, neither overbought nor oversold. The STOCH value of 64.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
50 Neutral | AU$15.82M | 0.10 | -64.80% | ― | -8.48% | -2080.00% | |
46 Neutral | AU$17.66M | -1.17 | 366.05% | ― | ― | -57.46% | |
46 Neutral | AU$51.02M | -22.48 | -2.51% | ― | ― | 40.74% | |
| ― | AU$768.61K | -33.33 | -12.37% | ― | ― | 57.14% |
* Energy Sector Average
AU:WEC
White Energy Company Limited
0.04
<0.01
21.21%
AU:AJL
AJ Lucas Group
0.01
>-0.01
-15.38%
AU:JAL
Jameson Resources Limited
0.07
0.03
97.14%
AU:NCR
NuCoal Resources Limited
0.01
0.00
0.00%
White Energy Company Limited Corporate Events
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...
White Energy Advances Exploration Portfolio and Coal Technology Amid Capital Raise
Jan 30, 2026
White Energy reported a busy December 2025 quarter, highlighted by raising approximately $3.2 million via an entitlement offer to support its operations, signing an exclusive global agency agreement with briquette machine manufacturer K.R. Komarek...
White Energy Moves to Recover Mountainside Debt with US$3.8m Kentucky Asset Sale
Jan 28, 2026
White Energy’s subsidiary Binderless Coal Briquetting Company has agreed to sell a coal wash plant, coal permit and land lease in Kentucky to Blue Gem Poplar Creek LLC for US$3.8 million, with proceeds to be shared with joint venture partner...
White Energy Secures Global Exclusive Agency for BCB Briquetting Machines
Jan 7, 2026
White Energy has secured a global exclusive agency agreement under which its wholly owned subsidiary, Binderless Coal Briquetting Company, will act as the exclusive worldwide sales agent for briquettor machines manufactured by K.R. Komarek that ut...
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.