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Blackwall Limited
(Sydney:BWF)
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Rating:47Neutral
Price Target:
AU$0.09
â–Ľ(-56.67% Downside)
Action:Reiterated
Date:10/22/26
AU:BWF scores low primarily due to deteriorating financial performance (losses and negative free cash flow despite a debt-free balance sheet) and a clear bearish technical setup with the stock trading below all key moving averages. Valuation is mixed: the dividend yield is attractive, but the negative P/E underscores ongoing profitability challenges.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet reduces refinancing and interest-rate risk, preserving financial flexibility while the company addresses weak earnings. The absence of debt also means operating cash generation is not being diverted to mandatory interest payments or principal repayments.
Negative Factors
Sustained revenue decline
A multi-year revenue decline indicates weakening business scale and reduces the base from which Blackwall can recover profitability. Lower revenue also makes fixed costs harder to absorb, increasing the risk that earnings remain depressed unless the company restores growth or reduces its cost structure.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet reduces refinancing and interest-rate risk, preserving financial flexibility while the company addresses weak earnings. The absence of debt also means operating cash generation is not being diverted to mandatory interest payments or principal repayments.
Read all positive factors
Blackwall Limited (BWF) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$15.38M
Dividend Yield10.75%
Average Volume (3M)58.74K
Price to Earnings (P/E)―
Beta (1Y)1.40
Revenue Growth-40.66%
EPS Growth82.75%
CountryAU
Employees2
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.01
Shares Outstanding170,885,590
10 Day Avg. Volume89,515
30 Day Avg. Volume58,744
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)0.73
Price to Sales (P/S)44.15
P/FCF Ratio-219.95
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
Blackwall Limited Business Overview & Revenue Model
Company Description
BlackWall Limited, previously known as BlackWall Property Funds Limited, is an Australian company operating a comprehensive, vertically integrated property funds management business. It is responsible for the management, development, and financing...
Blackwall Limited Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
63
Positive
Cash Flow
35
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 543.00K | 1.45M | 1.45M | 1.54M | 6.36M |
| Gross Profit | 129.00K | 255.00K | 711.00K | 5.50M | 5.15M |
| EBITDA | -2.06M | 255.00K | -3.27M | -36.00K | 2.08M |
| Net Income | -2.35M | -13.27M | 4.66M | -1.01M | 1.65M |
Balance Sheet | |||||
| Total Assets | 34.18M | 50.14M | 72.94M | 26.96M | 27.53M |
| Cash, Cash Equivalents and Short-Term Investments | 346.00K | 24.00K | 1.41M | 5.79M | 1.17M |
| Total Debt | 0.00 | 0.00 | 0.00 | 5.33M | 466.00K |
| Total Liabilities | 1.49M | 1.33M | 2.87M | 8.71M | 4.97M |
| Stockholders Equity | 32.69M | 48.71M | 70.07M | 18.26M | 22.56M |
Cash Flow | |||||
| Free Cash Flow | -109.00K | -995.00K | 1.74M | 2.13M | 1.10M |
| Operating Cash Flow | -109.00K | -995.00K | 1.74M | 2.20M | 1.13M |
| Investing Cash Flow | 1.60M | 1.51M | -3.49M | 867.00K | -801.00K |
| Financing Cash Flow | -1.17M | -1.90M | -2.63M | 1.56M | -2.29M |
Blackwall Limited Technical Analysis
Negative
0.21
Price Trends
0.10
Negative
0.12
Negative
0.14
Negative
Market Momentum
>-0.01
Positive
45.40
Neutral
-1.39
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BWF, the sentiment is Negative. The current price of 0.21 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.10, and above the 200-day MA of 0.14, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.40 is Neutral, neither overbought nor oversold. The STOCH value of -1.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BWF.
Blackwall Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$39.85M | 6.71 | 10.06% | ― | -66.04% | 20.06% | |
70 Outperform | AU$29.24M | 3.67 | 27.70% | 2.78% | 422.26% | 1436.25% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
53 Neutral | AU$27.25M | -9.00 | -9.30% | 10.59% | -21.07% | -143.16% | |
47 Neutral | AU$15.38M | -6.57 | -6.24% | 10.75% | -40.66% | 82.75% | |
45 Neutral | AU$21.16M | 25.96 | 3.35% | 3.11% | -22.54% | 29.85% |
* Financial Sector Average
AU:BWF
Blackwall Limited
0.09
-0.09
-50.28%
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NGE Capital Ltd
1.19
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Glennon Small Companies Ltd
0.39
-0.09
-19.62%
AU:LCE
London City Equities Ltd
0.90
0.08
9.09%
AU:CIW
Clime Investment Management Ltd
0.26
-0.14
-34.94%
AU:NAC
NAOS Ex-50 Opportunities Co. Ltd.
0.60
0.02
3.12%
Blackwall Limited Corporate Events
BlackWall sets hybrid 2026 AGM with expanded virtual participation
Oct 11, 2026
BlackWall Limited has scheduled its 2026 Annual General Meeting for 13 November 2026 at 12:00pm AEDT, to be held both in person at WOTSO Cremorne in New South Wales and virtually via Zoom. Shareholders are encouraged to appoint proxies in advance ...
Blackwall Launches Equal Access Share Buy-Back on ASX
Oct 11, 2026
Blackwall Limited, traded on the ASX under the code BWF, is an Australian listed company whose ordinary fully paid shares are targeted in a newly announced share buy-back. The decision aligns the company with peers that use on-market mechanisms to...
BlackWall Director Seph Glew Lifts Indirect Stake Through On‑Market Share Purchases
Oct 9, 2026
BlackWall Limited has disclosed a change in director JR (Seph) Glew’s indirect shareholding, lodged with the ASX under regulatory requirements for director interest notices. The filing details on‑market purchases of BWF ordinary shares...
BlackWall Director Seph Glew Lifts Indirect Stake Through On-Market Share Buys
Sep 25, 2026
BlackWall Limited has disclosed changes in the indirect shareholding of director JR (Seph) Glew, lodged under ASX listing rule 3.19A.2. Glew’s relevant interest is held through Seno Management Pty Ltd as trustee of the Taipa account, undersc...
BlackWall Director Seph Glew Increases Indirect Shareholding Through On-Market Buys
Sep 18, 2026
BlackWall Limited has disclosed a change in the indirect shareholding of director JR (Seph) Glew, reflecting a series of on-market acquisitions executed between 11 and 16 September 2026. The transactions were conducted through entities Seno Manage...
Blackwall Limited Extends Long-Running On-Market Share Buy-Back to 2027
Sep 16, 2026
Blackwall Limited has an ongoing on-market share buy-back program for its ordinary fully paid shares traded on the ASX under code BWF. The initiative reflects a capital management strategy aimed at actively managing its share base and potentially ...
BlackWall Director Seph Glew Modestly Increases Indirect Shareholding
Sep 11, 2026
BlackWall Limited has reported a change in director JR (Seph) Glew’s relevant interests in its ordinary shares, reflecting on-market acquisitions executed through Seno Management Pty Ltd . The director’s total holding in BlackWall has ...
BlackWall Director Seph Glew Increases Indirect Shareholding Through On-Market Purchases
Sep 8, 2026
BlackWall Limited has disclosed a change in director JR (Seph) Glew’s relevant interest in the company’s ordinary shares, as required under ASX listing rules and the Corporations Act. The notice reports indirect holdings through Seno M...
BlackWall Limited Releases 2026 Annual Report
Aug 27, 2026
BlackWall Limited has released its 2026 annual report, outlining the company’s financial performance, balance sheet position and cash flow for the year. The document also includes detailed notes to the financial statements, directors’ ...
BlackWall Lodges 2026 Corporate Governance Statement with ASX
Aug 27, 2026
BlackWall Limited has filed its 2026 corporate governance statement with the ASX, confirming board approval and compliance with disclosure obligations under Listing Rules for the year to 30 June 2026. The statement is hosted on the company’s...
BlackWall Narrows Annual Loss as Revenue and Asset Backing Decline
Aug 27, 2026
BlackWall Limited reported a sharp fall in revenue from continuing operations for the year ended 30 June 2026, with total revenue declining 45% to $0.789 million, driven by lower management fees and transaction-related income. Despite the weaker t...
BlackWall Director Seph Glew Increases Indirect Shareholding
Jul 28, 2026
BlackWall Limited has disclosed a change in the relevant interests of director JR (Seph) Glew, whose holdings are partly held indirectly through Seno Management Pty Ltd as trustee of the Taipa Account. The notice details that Glew’s associat...
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.