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Blackwall Limited
(Sydney:BWF)
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Rating:45Neutral
Price Target:
AU$0.10
â–Ľ(-53.81% Downside)
Action:Reiterated
Date:09/12/26
The score is held down primarily by deteriorating financial performance (losses, falling revenue, and negative operating/free cash flow), reinforced by bearish technicals with price below key moving averages and negative MACD. A debt-free balance sheet and a high dividend yield provide some support, but they do not offset the current earnings and cash burn pressure.
Positive Factors
Debt-free balance sheet
Zero debt removes refinancing and interest-rate exposure, giving Blackwall a stronger solvency base than a leveraged business. This financial flexibility can help preserve strategic options and reduce balance-sheet pressure, although it does not by itself resolve weak profitability or cash consumption.
Negative Factors
Multi-year revenue contraction
Persistent revenue contraction weakens operating scale and reduces the base over which fixed costs can be recovered. The decline from earlier years indicates a broader deterioration rather than a single-period fluctuation, making a durable return to profitability more difficult without renewed growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero debt removes refinancing and interest-rate exposure, giving Blackwall a stronger solvency base than a leveraged business. This financial flexibility can help preserve strategic options and reduce balance-sheet pressure, although it does not by itself resolve weak profitability or cash consumption.
Read all positive factors
Blackwall Limited (BWF) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$16.58M
Dividend Yield10.31%
Average Volume (3M)93.84K
Price to Earnings (P/E)―
Beta (1Y)1.45
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. Volume110,104
30 Day Avg. Volume93,839
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...
How the Company Makes Money
null...
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
0.12
Negative
0.13
Negative
0.15
Negative
Market Momentum
>-0.01
Negative
36.80
Neutral
83.33
Negative
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 0.12, and above the 200-day MA of 0.15, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 36.80 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, 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$43.72M | 7.37 | 10.06% | ― | -66.04% | 20.06% | |
70 Outperform | AU$26.98M | 3.46 | 27.70% | 1.76% | 422.26% | 1436.25% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
53 Neutral | AU$29.77M | -9.83 | -9.30% | 9.69% | -21.07% | -143.16% | |
45 Neutral | AU$16.58M | -7.08 | -6.24% | 10.31% | -40.66% | 82.75% | |
45 Neutral | AU$23.02M | 28.28 | 3.35% | 2.85% | -50.69% | 47.76% |
* Financial Sector Average
AU:BWF
Blackwall Limited
0.10
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Blackwall Limited Corporate Events
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...
BlackWall Director Increases Indirect Shareholding in On‑Market Trade
Jul 8, 2026
BlackWall Limited has reported a change in the indirect shareholding of director JR (Seph) Glew through Seno Management Pty Ltd, a trustee entity in which he is both a director and beneficiary. The disclosure updates the market on Glew’s tot...
BlackWall Director Seph Glew Increases Indirect Shareholding
Jun 29, 2026
BlackWall Limited has disclosed a change in director JR (Seph) Glew’s indirect interest in the company’s ordinary shares, held via Seno Management Pty Ltd as trustee of the Taipa account. The update, lodged with the ASX, details increm...
BlackWall Director Seph Glew Increases Indirect Shareholding
Jun 19, 2026
BlackWall Limited has disclosed a change in the relevant interests of director JR (Seph) Glew, reflecting an on‑market acquisition of additional ordinary shares in the company. The transaction was undertaken via Seno Management Pty Ltd , a r...
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.