WestStar Industrial Ltd. (WSI) AI Stock Analysis

• Market Cap: AU$9.79M
• Dividend Yield: N/A
• Average Volume (3M): 767.17K
• Price to Earnings (P/E): 3.2
• Beta (1Y): 0.69
• Revenue Growth: -36.40%
• EPS Growth: -192.91%
• Country: AU
• Employees: 650
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -0.02
• Shares Outstanding: 128,765,240
• 10 Day Avg. Volume: 288,855
• 30 Day Avg. Volume: 767,174
• PEG Ratio: 0.01
• Price to Book (P/B): 0.27
• Price to Sales (P/S): 0.06
• P/FCF Ratio: -0.79
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 50 Neutral
• Price Target: AU$0.00 ▼(-100.00% Downside)

WestStar Industrial Ltd. faces significant financial challenges, with declining revenues and negative profitability metrics being the most critical factors. While technical indicators show some positive trends, the overbought RSI suggests caution. The valuation is unattractive due to a negative P/E ratio and lack of dividend yield.

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 services include structural mechanical piping, and electrical and instrumentation; precast concrete and structural steel supply and installation; and asset management services. The company also provides construction contracting, fabrication, and mineral exploration services. WestStar Industrial Limited was incorporated in 2006 and is based in Naval Base, Australia.

How the Company Makes Money

WestStar Industrial Ltd. generates revenue through multiple streams including service contracts in project management and engineering, fabrication services for various industrial components, and ongoing maintenance contracts with key clients in the oil and gas, mining, and infrastructure sectors. The company often engages in long-term partnerships with major industry players, which provides a steady flow of income. Additionally, WSI benefits from cost-plus contracts and fixed-price agreements that ensure profitability while managing risks associated with project execution.

WestStar Industrial Ltd. Financial Statement Overview

Summary

WestStar Industrial Ltd. is facing significant financial challenges, with declining revenues and negative profitability metrics. The balance sheet shows moderate leverage, but the negative return on equity is a concern. Cash flow issues persist, with negative operating cash flow and reliance on non-operational cash flows.

Income Statement

WestStar Industrial Ltd. has experienced a significant decline in revenue over the past year, with a revenue growth rate of -24.4% in 2025. The company also reported negative EBIT and EBITDA margins, indicating operational challenges. The gross profit margin remains relatively stable at 14.5%, but the net profit margin is negative, reflecting overall profitability issues.

Balance Sheet

The company's debt-to-equity ratio is moderate at 0.23, suggesting manageable leverage. However, the return on equity is negative, indicating that the company is not generating sufficient returns on shareholder investments. The equity ratio is not provided, but the overall balance sheet shows a decrease in stockholders' equity, which could be a concern for financial stability.

Cash Flow

WestStar Industrial Ltd. has a negative operating cash flow, which is concerning for liquidity. The free cash flow growth rate is positive, but the free cash flow to net income ratio is above 1, indicating reliance on non-operational cash flows. The operating cash flow to net income ratio is negative, further highlighting cash flow challenges.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	130.76M	130.76M	205.60M	304.28M	181.80M	71.76M
Gross Profit	18.94M	18.94M	24.63M	16.82M	18.19M	8.84M
EBITDA	-3.14M	-3.14M	7.72M	5.85M	8.58M	2.68M
Net Income	-3.41M	-3.41M	3.29M	1.76M	4.31M	837.48K
Balance Sheet
Total Assets	55.15M	55.15M	73.27M	79.06M	63.06M	46.90M
Cash, Cash Equivalents and Short-Term Investments	7.16M	7.16M	13.68M	16.95M	22.42M	15.35M
Total Debt	6.29M	6.29M	3.65M	1.93M	2.63M	3.86M
Total Liabilities	27.33M	27.33M	43.28M	53.47M	39.41M	32.06M
Stockholders Equity	27.83M	27.83M	29.98M	25.59M	23.65M	14.83M
Cash Flow
Free Cash Flow	-9.53M	-9.53M	-327.96K	-6.26M	5.36M	9.88M
Operating Cash Flow	-8.85M	-8.85M	510.53K	-5.23M	6.99M	10.14M
Investing Cash Flow	1.82M	1.82M	-2.04M	1.04M	-3.41M	-3.07M
Financing Cash Flow	515.00K	515.00K	-911.90K	0.00	3.58M	-562.66K

WestStar Industrial Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WSI, the sentiment is Positive. The current price of 0.08 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.07, and above the 200-day MA of 0.07, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 68.35 is Neutral, neither overbought nor oversold. The STOCH value of 43.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:WSI.

WestStar Industrial Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VBC	69 Neutral	€30.68M	8.14	17.38%	0.95%	-8.28%	89.71%
BSA	69 Neutral	AU$10.17M	2.68	87.22%	―	12.34%	-66.13%
EVZ	65 Neutral	AU$23.79M	19.12	3.66%	―	-9.21%	-42.37%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
WSI	50 Neutral	AU$9.79M	3.21	-11.81%	―	-36.40%	-192.91%
PKD	42 Neutral	AU$4.08M	―	-599.49%	―	254.91%	75.86%
SOP	41 Neutral	AU$12.46M	―	-90.66%	―	-6.10%	12.50%

WestStar Industrial Ltd. Corporate Events

WestStar Industrial Director Increases Shareholding

WestStar Industrial Limited has announced a change in the director’s interest, specifically regarding Mr. Philip Re. The company disclosed that Mr. Re acquired a total of 248,996 fully paid ordinary shares through on-market trades, increasing his holdings to 594,251 shares. This change in director’s interest reflects a significant increase in Mr. Re’s stake in the company, potentially indicating confidence in the company’s future performance.

WestStar Industrial Ltd. Releases Half-Yearly Financial Report

WestStar Industrial Ltd. has released its half-yearly report for the period ending December 31, 2024. The report outlines the company’s financial performance, including consolidated statements of profit or loss, financial position, cash flows, and changes in equity. This release provides stakeholders with insights into the company’s operational and financial health, which could influence its market positioning and strategic decisions moving forward.

WestStar Industrial Reports Significant Half-Year Loss

WestStar Industrial Limited reported a significant decline in financial performance for the half-year ending December 31, 2024. Revenues fell by 29.7% to $77.38 million, and the company recorded a loss of $1.36 million, a stark contrast to the previous year’s profit of $2.9 million. This downturn highlights challenges the company faces in maintaining its market position and financial health, with no dividends declared for the period.