Wide Open Agriculture Ltd. (AU:WOA)
ASX:WOA
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Wide Open Agriculture Ltd.
(Sydney:WOA)
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Rating:40Underperform
Price Target:
AU$0.01
▼(-45.00% Downside)
Action:Downgraded
Date:05/14/26
The score is driven primarily by weak financial performance (sharp revenue decline, deeply negative margins, and deteriorating cash flow). Technicals add further pressure with a clear downtrend and negative MACD, while valuation remains unattractive due to loss-making status (negative P/E) and no dividend support.
Positive Factors
Improved Leverage
Lower leverage (0.14 vs 0.26) reduces interest burden and financial fragility, improving short-to-medium term flexibility. This gives management more runway to stabilize operations, fund working capital needs, and pursue commercialization without immediate financing stress.
Negative Factors
Severe Revenue Decline
A collapse from high growth to steep decline indicates volatile demand or execution failures and destroys scale economics. Loss of top-line momentum weakens contract credibility, underutilizes fixed processing capacity, and raises elevated execution risk over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Leverage
Lower leverage (0.14 vs 0.26) reduces interest burden and financial fragility, improving short-to-medium term flexibility. This gives management more runway to stabilize operations, fund working capital needs, and pursue commercialization without immediate financing stress.
Read all positive factors
Wide Open Agriculture Ltd. (WOA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$7.85M
Dividend YieldN/A
Average Volume (3M)1.40M
Price to Earnings (P/E)―
Beta (1Y)-2.56
Revenue Growth-83.83%
EPS Growth84.80%
CountryAU
Employees65
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)-0.01
Shares Outstanding654,446,900
10 Day Avg. Volume1,404,627
30 Day Avg. Volume1,396,062
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.58
Price to Sales (P/S)20.48
P/FCF Ratio-2.74
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
Wide Open Agriculture Ltd. Business Overview & Revenue Model
Company Description
Wide Open Agriculture Limited operates as a regenerative food and agriculture company in Australia, Singapore, and Hong Kong. It offers regenerative plant-based protein under the Buntine Protein brand; regenerative beef, lamb, and poultry products...
How the Company Makes Money
WOA makes money primarily by selling lupin-based food ingredients and consumer food products derived from its regenerative agriculture supply chain. Key revenue streams include: (1) B2B ingredient sales, where WOA supplies lupin protein and relate...
Wide Open Agriculture Ltd. Financial Statement Overview
Summary
Income Statement
25
Negative
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 580.53K | 468.87K | 73.13K | 210.00 | 9.26M | 4.32M |
| Gross Profit | -2.06M | -338.00K | -1.79M | -7.87M | -5.94M | -2.22M |
| EBITDA | -4.79M | -5.16M | -8.53M | -13.86M | -10.06M | -7.73M |
| Net Income | -4.84M | -7.09M | -13.25M | -14.66M | -10.79M | -7.53M |
Balance Sheet | ||||||
| Total Assets | 6.24M | 8.38M | 10.78M | 15.40M | 29.58M | 17.49M |
| Cash, Cash Equivalents and Short-Term Investments | 1.50M | 3.39M | 2.45M | 5.87M | 19.47M | 12.98M |
| Total Debt | 1.11M | 846.98K | 1.86M | 2.71M | 3.16M | 2.14M |
| Total Liabilities | 1.60M | 2.31M | 3.53M | 5.29M | 5.60M | 3.37M |
| Stockholders Equity | 4.65M | 6.07M | 7.25M | 10.11M | 23.98M | 14.11M |
Cash Flow | ||||||
| Free Cash Flow | -2.57M | -3.50M | -9.18M | -13.31M | -12.48M | -6.05M |
| Operating Cash Flow | -2.55M | -3.49M | -8.55M | -11.87M | -10.17M | -5.71M |
| Investing Cash Flow | 72.14K | 84.10K | -4.99M | -1.43M | -2.42M | -244.22K |
| Financing Cash Flow | 1.85M | 4.34M | 10.15M | -319.08K | 19.08M | 14.50M |
Wide Open Agriculture Ltd. Technical Analysis
Negative
0.02
Price Trends
0.01
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Positive
39.55
Neutral
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WOA, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.01, and above the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.55 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WOA.
Wide Open Agriculture Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$47.23M | 1.39 | 28.29% | ― | 29.76% | ― | |
70 Neutral | AU$22.48M | -5.78 | 4.51% | ― | -25.39% | -65.38% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
52 Neutral | AU$1.23M | -1.19 | -268.42% | ― | ― | ― | |
45 Neutral | AU$61.06M | -1.37 | -20.91% | 29.49% | -33.47% | -2365.66% | |
44 Neutral | AU$39.66M | -6.06 | -0.43% | ― | 20.12% | ― | |
40 Underperform | AU$7.85M | -1.51 | -90.33% | ― | -83.83% | 84.80% |
* Consumer Defensive Sector Average
AU:WOA
Wide Open Agriculture Ltd.
0.01
>-0.01
-42.86%
AU:WNR
Wingara Ag Ltd.
0.01
0.00
0.00%
AU:FRM
Farm Pride Foods Limited
0.21
-0.08
-26.79%
AU:DBF
Duxton Farms Limited
0.57
-0.49
-46.28%
AU:MCA
Murray Cod Australia Limited
0.16
-0.68
-80.86%
AU:AAP
Australian Agricultural Projects Ltd.
0.06
0.02
52.50%
Wide Open Agriculture Ltd. Corporate Events
Wide Open Agriculture Adds Justin Brown to Board with Incentive Option Package
May 8, 2026
Wide Open Agriculture has appointed Justin Brown as a non-executive director effective 4 May 2026, signalling a further strengthening of its board as it pursues its growth strategy in sustainable agrifood markets. Brown holds indirect interests in...
Wide Open Agriculture Discloses Final Director Interest After Board Departure
May 8, 2026
Wide Open Agriculture Ltd has announced that director Yaxi Zhan ceased to be a director of the company on 4 May 2026. The final director’s interest notice lodged with the ASX records Zhan’s holdings at departure, including fully paid o...
Wide Open Agriculture Overhauls Board to Drive Lupin Platform Scale-Up
May 5, 2026
Wide Open Agriculture has refreshed its board as it advances the commercialisation of its lupin ingredient platform, appointing Justin Brown as non-executive chairman and adding experienced directors to bolster capital markets, industrial scale-up...
Wide Open Agriculture pivots to capital-light growth under new CEO
Apr 23, 2026
Wide Open Agriculture has appointed experienced B2B food ingredients executive Craig Swan as CEO to lead its next phase of commercial growth and scale its lupin platform more capital-efficiently. The company is shifting from foundation-building to...
Wide Open Agriculture Issues 10 Million Unquoted Options Under Staff Incentive Scheme
Apr 17, 2026
Wide Open Agriculture Ltd has notified the market of the issue of 10 million unquoted options under an employee incentive scheme. The options are split between tranches exercisable at $0.04 and $0.06, all expiring on 17 April 2029, and are not int...
Wide Open Agriculture Secures A$1.69m R&D Tax Rebate to Advance Lupin Protein Platform
Apr 8, 2026
Wide Open Agriculture Ltd, an ASX-listed ingredient company, is pioneering lupin-based plant proteins, fibres and oils for use in food, beverage, cosmetics and nutraceutical markets worldwide. Its lupin protein isolates are positioned as clean-tas...
Wide Open Agriculture Options Lapse Reduces Potential Dilution
Mar 9, 2026
Wide Open Agriculture has announced the cessation of several tranches of options after performance or vesting conditions for these securities were not satisfied. A total of 7.5 million options, with exercise prices ranging from $0.03 to $0.08 and ...
Wide Open Agriculture appoints new director with equity-linked incentive package
Mar 6, 2026
Wide Open Agriculture has appointed Matthew Skinner as a non-executive director effective 3 March 2026, and disclosed his initial interests in the company’s securities. Skinner holds fully paid ordinary shares and a mix of listed and unliste...
Wide Open Agriculture taps industry veteran as CEO to drive lupin protein scale-up
Mar 2, 2026
Wide Open Agriculture has appointed experienced food ingredients executive Craig Swan as chief executive officer, signalling a shift from technology development to commercial scale-up of its lupin protein platform. Swan, who has held senior roles ...
Wide Open Agriculture narrows half-year loss as cost cuts extend cash runway
Feb 26, 2026
Wide Open Agriculture Limited reported a 41% rise in revenue from ordinary activities to $381,000 for the half year to 31 December 2025, while narrowing its net loss to $2.05 million, a 52% improvement on the prior corresponding period. The compan...
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.