Winchester Energy Ltd (AU:WEL)
ASX:WEL
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Winchester Energy Ltd
(Sydney:WEL)
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Rating:44Neutral
Price Target:
AU$0.01
▲(450.00% Upside)
Action:Upgraded
Date:04/09/26
The score is driven primarily by weak financial performance (persistent losses and shrinking revenue base), partially offset by low leverage and remaining equity on the balance sheet. Limited technical data keeps the technical contribution neutral, while valuation is hindered by a negative P/E and no dividend yield information.
Positive Factors
Low leverage / balance-sheet flexibility
Low reported debt (83K) versus equity (4.48M) provides Winchester flexibility to fund operations or weather commodity cycles without immediate refinancing. This durable low-leverage profile reduces solvency risk and preserves strategic options over the next several quarters.
Negative Factors
Persistent net losses
Winchester has recorded net losses each year from 2020–2025, evidencing a persistent failure to deliver profitable operations. Chronic unprofitability erodes equity, constrains reinvestment, and means management faces structural turnaround requirements rather than cyclical fixes.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / balance-sheet flexibility
Low reported debt (83K) versus equity (4.48M) provides Winchester flexibility to fund operations or weather commodity cycles without immediate refinancing. This durable low-leverage profile reduces solvency risk and preserves strategic options over the next several quarters.
Read all positive factors
Winchester Energy Ltd (WEL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.57M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)-0.03
Revenue Growth-20.01%
EPS Growth5.88%
CountryAU
Employees41
SectorEnergy
Sector Strength52
IndustryOil & Gas Drilling
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,713,018,900
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.21
Price to Sales (P/S)0.64
P/FCF Ratio-1.84
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
Winchester Energy Ltd Business Overview & Revenue Model
Company Description
Winchester Energy Limited, together with its subsidiaries, acquisition, exploration, and development of oil and gas leases in the United States. Winchester Energy Limited was incorporated in 2014 and is based in Perth, Australia....
Winchester Energy Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.49M | 1.85M | 3.12M | 5.65M | 3.01M |
| Gross Profit | -146.85K | 1.85M | 1.16M | 3.49M | 616.44K |
| EBITDA | ― | -573.08K | -1.92M | 739.18K | ― |
| Net Income | -1.55M | -1.33M | -2.56M | -574.62K | -1.05M |
Balance Sheet | |||||
| Total Assets | 5.93M | 7.11M | 8.02M | 10.19M | 7.50M |
| Cash, Cash Equivalents and Short-Term Investments | 466.42K | 519.95K | 219.21K | 738.99K | 1.86M |
| Total Debt | 83.20K | 117.04K | 77.00K | 76.84K | 82.38K |
| Total Liabilities | 1.45M | 1.27M | 1.41M | 1.10M | 581.55K |
| Stockholders Equity | 4.48M | 5.84M | 6.62M | 9.09M | 6.92M |
Cash Flow | |||||
| Free Cash Flow | -516.35K | -227.22K | 26.61K | -1.66M | -1.63M |
| Operating Cash Flow | -102.53K | 41.79K | 366.70K | 3.04M | 742.93K |
| Investing Cash Flow | 115.17K | -608.86K | -868.40K | -4.71M | -2.34M |
| Financing Cash Flow | 147.98K | 560.60K | -41.00K | -37.71K | 2.31M |
Winchester Energy Ltd 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% | |
44 Neutral | AU$2.57M | -0.69 | -31.38% | ― | -20.01% | 5.88% | |
44 Neutral | AU$5.68M | -0.54 | 1758.56% | ― | 186.99% | 32.50% | |
43 Neutral | AU$16.74M | -0.40 | -46.86% | ― | -32.35% | -197.58% | |
42 Neutral | AU$10.87M | -1.13 | -4728.71% | ― | ― | 5.71% | |
40 Underperform | AU$6.24M | -1.11 | -37.28% | ― | -100.00% | 9.93% |
* Energy Sector Average
AU:WEL
Winchester Energy Ltd
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Winchester Energy Ltd Corporate Events
Winchester Energy Files Updated Corporate Governance Statement and Appendix 4G
Mar 31, 2026
Winchester Energy has lodged its updated corporate governance statement for the year ended 31 December 2025, confirming it complies with key ASX Corporate Governance Council principles. The document, now available on the company’s website, d...
Winchester Energy Files Audited 2025 Annual Report
Mar 31, 2026
Winchester Energy Limited has released its annual report for the year ended 31 December 2025, detailing the consolidated financial statements and statutory disclosures for the group. The report outlines profit and loss, balance sheet, cash flows, ...
Winchester joins Triangle in offshore Indonesia study with new funding arrangements
Mar 22, 2026
Winchester Energy has signed a binding term sheet with Triangle Energy and Triangle’s spin-out Tetragon Energy to participate in a joint study over an offshore oil and gas exploration area in Indonesian waters. Under the deal, Winchester wil...
Winchester Energy Sets AGM Date and Director Nomination Deadline
Mar 19, 2026
Winchester Energy Limited has scheduled its Annual General Meeting for Tuesday, 19 May 2026, in line with ASX corporate governance requirements. The meeting will include, among other items, the election of directors to the company’s board.Th...
Winchester Energy Starts Drilling New Water-Injection Well at Varn Oil Field
Mar 19, 2026
Winchester Energy has commenced drilling the JVU-4 water-injection well at the Varn Oil Field in Texas as part of the Varn waterflood project, operated on behalf of the Jocelyn-Varn joint venture in which Winchester holds a 70% working interest. T...
Winchester Energy Shareholders Back Capital Raising and Board Changes
Mar 12, 2026
Winchester Energy Limited reported that all resolutions put to shareholders at its 12 March 2026 General Meeting were passed by poll. The approvals included ratification of shares issued under the December 2025 placement, share issues to Chief Exe...
Winchester Energy Calls March General Meeting, Pushes Digital Communications
Feb 5, 2026
Winchester Energy Limited has called a general meeting of shareholders to be held as a physical meeting in Perth on 12 March 2026, where investors can participate in person, by proxy or via corporate representative. The company is moving further t...
Winchester Energy Calls March 2026 General Meeting to Ratify Major Share Placement
Feb 5, 2026
Winchester Energy Limited has called a general meeting of shareholders to be held in Perth on 12 March 2026, with voting eligibility set for shareholders registered as of 10 March 2026 and the option to vote by proxy for those unable to attend. Th...
Winchester Energy Posts Modest Operating Cash Inflow but Higher Exploration Spend in December Quarter
Jan 30, 2026
Winchester Energy Limited reported a modest positive operating cash flow of US$52,000 for the December 2025 quarter, driven by US$356,000 in customer receipts against production, staff and corporate costs, and supported by earlier prepayments rela...
Winchester Energy Lifts Production and Advances Varn Waterflood Development
Jan 30, 2026
Winchester Energy reported quarterly net working interest revenue of AUD$458,610 and average production of 73 barrels of oil equivalent per day, slightly higher than the previous quarter, reflecting stable and modestly improving output from its U....
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.