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Butn Limited
(Sydney:BTN)
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Rating:38Underperform
Price Target:
<AU$0.01
▼(-10.00% Downside)
Action:Downgraded
Date:08/28/26
The score is weighed down primarily by high balance-sheet leverage, continued net losses, and weak/negative recent cash flow, which together point to elevated financial risk. Technical indicators also show a pronounced downtrend with negative momentum. Improving operating margins and the recent revenue rebound provide some support but are not yet strong enough to offset the leverage and profitability/cash-flow concerns.
Positive Factors
Revenue rebound supports scale
The sharp latest-period revenue rebound indicates renewed transaction and funding volume in the receivables-finance model. If sustained, greater funded volume can improve operating leverage and provide a broader base for future earnings.
Negative Factors
High balance-sheet leverage
Debt is very high relative to equity, leaving limited balance-sheet capacity to absorb credit losses, funding disruptions, or operating setbacks. Elevated leverage also increases financing dependence and constrains strategic flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound supports scale
The sharp latest-period revenue rebound indicates renewed transaction and funding volume in the receivables-finance model. If sustained, greater funded volume can improve operating leverage and provide a broader base for future earnings.
Read all positive factors
Butn Limited (BTN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$3.05M
Dividend YieldN/A
Average Volume (3M)74.58K
Price to Earnings (P/E)―
Beta (1Y)0.48
Revenue Growth4.55%
EPS Growth-6.32%
CountryAU
Employees13
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-0.01
Shares Outstanding381,716,950
10 Day Avg. Volume52,483
30 Day Avg. Volume74,580
Financial Highlights & Ratios
PEG Ratio-0.24
Price to Book (P/B)0.49
Price to Sales (P/S)0.37
P/FCF Ratio-3.42
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
Butn Limited Business Overview & Revenue Model
Company Description
Butn Limited, an Australian company, specializes in providing diverse transactional funding solutions tailored for small and medium-sized enterprises. Its comprehensive range of products includes Butn Pay, designed to help organizations manage pay...
How the Company Makes Money
Butn Limited makes money primarily by providing financing against invoices/receivables (invoice finance/trade receivables funding). When Butn advances funds to a customer against an invoice, it earns revenue through fees and/or interest-like charg...
Butn Limited Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
24
Negative
Cash Flow
28
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 15.27M | 333.85K | 13.49M | 11.85M | 5.42M |
| Gross Profit | 15.01M | -7.87M | 13.49M | 11.87M | 5.60M |
| EBITDA | 2.98M | 5.81M | -829.98K | 1.72M | -3.64M |
| Net Income | -3.83M | -2.66M | -12.33M | -6.53M | -8.66M |
Balance Sheet | |||||
| Total Assets | 99.60M | 107.54M | 91.27M | 98.98M | 77.82M |
| Cash, Cash Equivalents and Short-Term Investments | 15.30M | 20.32M | 13.36M | 14.67M | 15.78M |
| Total Debt | 83.87M | 91.00M | 79.73M | 79.52M | 56.35M |
| Total Liabilities | 88.15M | 95.39M | 83.16M | 83.34M | 59.80M |
| Stockholders Equity | 11.46M | 12.14M | 8.11M | 15.64M | 18.02M |
Cash Flow | |||||
| Free Cash Flow | -1.66M | 966.21K | -3.16M | -1.83M | -7.09M |
| Operating Cash Flow | -1.66M | 1.74M | -2.36M | -673.74K | -3.85M |
| Investing Cash Flow | 1.87M | -14.79M | -2.64M | -26.09M | -29.48M |
| Financing Cash Flow | -3.25M | 15.85M | 3.65M | 25.61M | 33.60M |
Butn Limited Technical Analysis
Negative
0.01
Price Trends
0.02
Negative
0.02
Negative
0.04
Negative
Market Momentum
>-0.01
Positive
26.33
Positive
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BTN, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.02, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 26.33 is Positive, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BTN.
Butn Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | AU$78.80M | 7.74 | 22.86% | ― | 9.62% | 82.62% | |
54 Neutral | AU$219.61M | 13.77 | 2.93% | 2.84% | -4.83% | -55.49% | |
53 Neutral | AU$52.87M | -6.98 | -26.13% | ― | 18.86% | 17.31% | |
52 Neutral | AU$57.15M | -1.41 | -41.92% | ― | 28.46% | 40.67% | |
51 Neutral | AU$3.16B | 27.73 | 17.40% | ― | 24.44% | 46.79% | |
38 Underperform | AU$3.05M | -0.78 | -30.56% | ― | 4.55% | -6.32% |
* Financial Sector Average
AU:BTN
Butn Limited
0.01
-0.08
-88.89%
AU:HMY
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0.44
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0.03
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Zip Co Ltd.
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AU:MME
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0.07
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-46.15%
Butn Limited Corporate Events
Butn affirms ASX governance compliance and sets diversity targets
Aug 27, 2026
Butn Limited has issued its latest corporate governance statement confirming full compliance with the ASX Corporate Governance Principles and Recommendations (4th Edition) for the year ended 30 June 2026. The company details board and committee ch...
Butn Files 2026 Corporate Governance Statement With ASX
Aug 27, 2026
Butn Limited has confirmed the lodgement of its corporate governance statement and Appendix 4G for the year ended 30 June 2026, making the statement available via its investor website. The document outlines the company’s compliance with ASX ...
Butn lifts FY26 revenue to record high as platform growth and restructuring sharpen focus
Aug 27, 2026
Butn Limited reported record FY26 revenue of $15.3 million and originations of $528 million, supported by a stable margin and low write-offs, underscoring robust demand for its funding solutions. Platform originations rose 45 per cent year on year...
Butn Limited Releases Consolidated Financial Report for Year Ended 30 June 2026
Aug 27, 2026
Butn Limited, an Australian company limited by shares, reports its consolidated financial statements in Australian dollars, covering the parent and all controlled entities. The group is headquartered in Melbourne, with its principal place of busin...
Butn lifts revenue but FY26 loss deepens, no dividend declared
Aug 27, 2026
Butn Limited reported a 5% increase in revenue to $15.27 million for the year to 30 June 2026, but its net loss widened to $3.83 million, a 44% deterioration from the prior year. The company’s net tangible asset per share fell 11% to $0.028,...
Butn to Outline SME Funding Strategy in Sharewise Investor Webinar
Aug 3, 2026
Butn Limited will present at a Sharewise-hosted investor webinar on 4 August 2026, with CEO and founder Rael Ross outlining the company’s operations before a question-and-answer session. The event underscores Butn’s efforts to deepen e...
Butn issues new shares on performance rights conversion and confirms regulatory compliance
Jul 9, 2026
Butn Limited, an Australian B2B funder focused on transactional finance for SMEs, provides working capital solutions by funding individual transactions and leveraging end-debtor credit. The company positions itself as a digital cashflow enabler fo...
Butn Seeks ASX Quotation for 325,000 New Ordinary Shares
Jul 9, 2026
Butn Limited has applied to the Australian Securities Exchange for quotation of 325,000 new fully paid ordinary shares, issued on 9 July 2026. The additional securities arise from the exercise or conversion of existing options or other convertible...
Butn Seeks Trading Halt Ahead of Non-Core Asset Sale and Debt Refinance
Jun 30, 2026
Butn Limited has requested an immediate trading halt on its ASX-listed securities, with the suspension to remain in place until an upcoming announcement is released or normal trading resumes on 2 July 2026. The halt has been approved in accordance...
Butn Says No Undisclosed News Behind Share Price Moves
May 29, 2026
Butn Limited has responded to an ASX price query, stating it is not aware of any undisclosed information that could explain recent trading activity in its securities and has no alternative explanation for the share price movements. The company con...
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.