WestStar Industrial Ltd. (AU:WSI)
ASX:WSI
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WestStar Industrial Ltd.
(Sydney:WSI)
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Select Model
Rating:43Neutral
Price Target:
AU$0.07
▼(-27.78% Downside)
Action:ReiteratedDate:03/24/26
The score is driven down primarily by weak financial performance—especially the 2025 swing to losses and heavy negative operating/free cash flow—alongside bearish technical momentum (price below key moving averages and negative MACD). A low P/E provides some valuation support but is not enough to offset the profitability and cash-generation risks.
Positive Factors
Diversified end-markets
WestStar’s diversified services across resources, energy and infrastructure create multiple demand channels and recurring maintenance work. This reduces client concentration and exposure to any single commodity, supporting steadier contract pipelines and durable revenue streams across cycles.
Negative Factors
Sharp revenue and earnings deterioration
A ~24% revenue decline and a 2025 swing to operating and net losses reflect weakening demand or contract execution issues. Sustained revenue contraction undermines fixed-cost absorption, damages pricing leverage, and threatens medium-term margin recovery and scalability of the business model.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified end-markets
WestStar’s diversified services across resources, energy and infrastructure create multiple demand channels and recurring maintenance work. This reduces client concentration and exposure to any single commodity, supporting steadier contract pipelines and durable revenue streams across cycles.
Read all positive factors
WestStar Industrial Ltd. (WSI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$8.63M
Dividend YieldN/A
Average Volume (3M)767.17K
Price to Earnings (P/E)4.8
Beta (1Y)0.80
Revenue Growth-36.40%
EPS Growth-192.91%
CountryAU
Employees650
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)<0.01
Shares Outstanding128,765,240
10 Day Avg. Volume288,855
30 Day Avg. Volume767,174
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.27
Price to Sales (P/S)0.06
P/FCF Ratio-0.79
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
WestStar Industrial Ltd. Business Overview & Revenue Model
Company Description
WestStar Industrial Limited, an industrial services company, provides engineering, construction, and mining services to resource, energy, and infrastructure sectors in Australia. The company operates through SIMPEC and Alltype segments. Its servic...
WestStar Industrial Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
68
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 129.30M | 130.76M | 205.60M | 304.28M | 181.80M | 71.76M |
| Gross Profit | 15.58M | 18.94M | 24.63M | 16.82M | 18.19M | 8.84M |
| EBITDA | -4.15M | -3.14M | 7.72M | 5.85M | 8.58M | 2.68M |
| Net Income | -1.53M | -3.41M | 3.29M | 1.76M | 4.31M | 837.48K |
Balance Sheet | ||||||
| Total Assets | 77.45M | 55.15M | 73.27M | 79.06M | 63.06M | 46.90M |
| Cash, Cash Equivalents and Short-Term Investments | 10.83M | 7.16M | 13.68M | 16.95M | 22.42M | 15.35M |
| Total Debt | 11.77M | 6.29M | 3.65M | 1.93M | 2.63M | 3.86M |
| Total Liabilities | 48.99M | 27.33M | 43.28M | 53.47M | 39.41M | 32.06M |
| Stockholders Equity | 28.45M | 27.83M | 29.98M | 25.59M | 23.65M | 14.83M |
Cash Flow | ||||||
| Free Cash Flow | -2.20M | -9.53M | -327.96K | -6.26M | 5.36M | 9.88M |
| Operating Cash Flow | -1.11M | -8.85M | 510.53K | -5.23M | 6.99M | 10.14M |
| Investing Cash Flow | -692.86K | 1.82M | -2.04M | 1.04M | -3.41M | -3.07M |
| Financing Cash Flow | 430.00K | 515.00K | -911.90K | 0.00 | 3.58M | -562.66K |
WestStar Industrial Ltd. Technical Analysis
Negative
0.09
Price Trends
0.08
Negative
0.08
Negative
0.07
Negative
Market Momentum
>-0.01
Negative
37.00
Neutral
60.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WSI, the sentiment is Negative. The current price of 0.09 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.08, and above the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 37.00 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 Negative sentiment for AU:WSI.
WestStar Industrial Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$35.24M | 3.42 | 7.07% | ― | -9.21% | -42.37% | |
65 Neutral | AU$27.11M | 0.45 | 21.63% | ― | 12.34% | -66.13% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | AU$59.70M | 7.32 | 17.89% | 0.49% | -8.28% | 89.71% | |
47 Neutral | AU$3.27M | -1.03 | -2620.14% | ― | 254.91% | 75.86% | |
46 Neutral | AU$15.58M | -1.03 | -160.73% | ― | -6.10% | 12.50% | |
43 Neutral | AU$8.63M | 4.84 | -5.43% | ― | -36.40% | -192.91% |
* Industrials Sector Average
AU:WSI
WestStar Industrial Ltd.
0.07
<0.01
3.08%
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WestStar Industrial Ltd. Corporate Events
WestStar Industrial Returns to Profit as Asset Backing Strengthens
Feb 27, 2026
WestStar Industrial Limited swung back to profitability in the half-year ended 31 December 2025, posting an after-tax profit of $525,513 compared with a loss of $1.36 million a year earlier. Group revenue edged down 1.9% to $75.9 million over the ...
WestStar’s SIMPEC Wins $20m McArthur River Mine Filtration Plant Contract
Jan 26, 2026
WestStar Industrial’s wholly owned subsidiary SIMPEC has secured a new construction contract worth approximately $20 million to deliver structural, mechanical, piping, electrical and instrumentation works for a new Filtration Plant at Glenco...
WestStar’s SIMPEC Wins $11m Lithium Plant Contract at Kwinana
Jan 8, 2026
WestStar Industrial’s wholly owned subsidiary SIMPEC has secured an approximately $11 million contract to deliver structural, mechanical and piping works for Tianqi Lithium Energy Australia’s lithium hydroxide processing plant at Kwina...
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.