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CleanSpace Holdings Ltd. (CSX) AI Stock Analysis

AU:CSX

CleanSpace Holdings Ltd.

(ASX:CSX)

Select Model
Rating:46Neutral
Price Target:AUD 0.47â–²(4.44% Upside)
Action:reiterated
Date:09/08/26

The overall score of 46 reflects a high-risk profile. The dominant factor is the company's very poor financial health, characterized by persistent losses and significant cash burn, which is only partially offset by a low-debt balance sheet. While recent technical momentum is strong, it appears overextended and is contradicted by the weak underlying fundamentals. The negative P/E ratio further confirms the lack of current earnings power.

Positive Factors
Low Financial LeverageVery low leverage gives CleanSpace greater financial flexibility than a highly indebted business, reducing fixed financing pressure while it works toward profitability. The sizeable equity base can help absorb operating volatility and preserve capacity to fund strategic priorities over the next several quarters.
Negative Factors
Persistent UnprofitabilityContinued net losses show that the current revenue base is not yet generating sustainable shareholder returns. Negative margins also reduce the company’s ability to reinvest internally, making progress toward break-even dependent on improving operating economics and maintaining disciplined cost control.

CleanSpace Holdings Ltd. (CSX) vs. iShares MSCI Australia ETF (EWA)

-60%-40%-20%0%20%AU:CSX-37.50%EWA+13.51%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
AUD 36.92M
Dividend Yield
―
Average Volume (3M)
50.46K
Price to Earnings (P/E)
-29.2
Beta (1Y)
0.56
Revenue Growth
0.29%
EPS Growth
-148.39%
Country
Australia
Employees
53
Sector
Healthcare
Sector Strength
51
Industry
Medical - Devices

CleanSpace Holdings Ltd. Business Overview & Revenue Model

Company Description

CleanSpace Holdings Limited is a global enterprise focused on the design, manufacturing, and sale of personal respiratory protective equipment and related services. The company's advanced solutions serve healthcare professionals and a wide array of i...

How the Company Makes Money

CleanSpace generates revenue primarily from the sale of its respiratory protection products. Key revenue streams typically include (1) hardware sales of its PAPR units and associated components, and (2) ongoing consumables and replacement items used...

CleanSpace Holdings Ltd. Financial Statement Overview

Summary

Financial performance is critically weak. The Income Statement (Score 18) shows persistent losses and volatile, recently collapsed gross margins. Cash Flow (Score 10) is deeply negative, indicating poor cash conversion and a high burn rate. The Balance Sheet (Score 65) is the only positive, with very low debt, but equity is steadily eroding. The overall profile is high-risk, with survival dependent on stabilizing operations before reserves deplete.

Income Statement

18Very Negative

Balance Sheet

65Positive

Cash Flow

10Very Negative
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue19.82M19.82M19.76M15.72M12.09M13.36M
Gross Profit3.64M4.07M14.78M11.36M-5.16M9.75M
EBITDA-1.37M-1.60M-359.84K-3.49M-10.55M-14.10M
Net Income-1.25M-1.25M-478.28K-3.13M-8.13M-11.28M
Balance Sheet
Total Assets23.46M23.46M27.57M26.05M28.98M38.36M
Cash, Cash Equivalents and Short-Term Investments10.08M10.08M10.47M9.76M12.16M24.30M
Total Debt1.45M1.45M4.54M3.45M4.00M4.13M
Total Liabilities4.96M4.96M8.41M6.95M7.02M8.60M
Stockholders Equity18.50M18.50M19.16M19.10M21.96M29.75M
Cash Flow
Free Cash Flow-141.85K-141.86K1.01M-1.76M-11.97M-13.60M
Operating Cash Flow69.20K69.20K1.11M-1.73M-11.96M-13.00M
Investing Cash Flow-622.07K-622.07K-778.38K2.00M7.06M-628.00K
Financing Cash Flow-254.56K-254.56K-559.87K-637.10K-211.49K-357.95K

CleanSpace Holdings Ltd. Technical Analysis

Technical Analysis SentimentNeutral
Last Price0.45

Price Trends

50DMA0.43Positive
100DMA0.41Positive
200DMA0.45Negative

Market Momentum

MACD0.01Negative
RSI50.59Neutral
STOCH78.19Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CSX, the sentiment is Neutral. The current price of 0.45 is below the 20-day moving average (MA) of 0.45, above the 50-day MA of 0.43, and below the 200-day MA of 0.45, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 50.59 is Neutral, neither overbought nor oversold. The STOCH value of 78.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:CSX.

CleanSpace Holdings Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

AU:CSX against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
AU:RMDAU:RMD84OutperformAUD 46.01B20.9225.14%0.91%1.54%4.43%
AU:CMPAU:CMP58NeutralAUD 47.94M218.180.93%―18.54%―
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
AU:CSXAU:CSX46NeutralAUD 35.72M-29.22-6.27%―0.29%-148.39%
AU:AT1AU:AT145NeutralAUD 12.63M-3.33-48.97%―40.65%45.45%
AU:MX1AU:MX141NeutralAUD 27.10M-2.52-188.06%―15.58%37.17%
AU:CYCAU:CYC36UnderperformAUD 53.44M-2.66-62.14%―12.05%-31.71%

* Healthcare Sector Average

Performance Comparison

-50%0%50%AU:CSXAU:CMPAU:AT1AU:CYCAU:MX1AU:RMDDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
AU:CSX and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:CSXCleanSpace Holdings Ltd.0.45-0.25-35.71%
AU:CMPCompumedics Limited0.24-0.10-28.36%
AU:AT1Atomo Diagnostics Ltd.0.01-0.02-53.33%
AU:CYCCyclopharm Limited0.42-0.21-33.07%
AU:MX1Micro-X Ltd.0.04-0.08-70.00%
AU:RMDResmed Inc CHESS Depositary Interests on a ratio of 10 CDIs per ord.sh35.51-1.92-5.13%

CleanSpace Holdings Ltd. Corporate Events

CleanSpace Sets 24 November 2026 AGM and Tables 2026 Annual Report

Oct 21, 2026

CleanSpace Holdings Limited has called its Annual General Meeting for 24 November 2026 at its St Leonards, New South Wales premises, with shareholders also able to follow proceedings via a live Microsoft Teams webcast. The company has released its 20...

CleanSpace Sets November AGM With Focus on Governance and Remuneration Vote

Oct 21, 2026

CleanSpace Holdings Limited has called its Annual General Meeting for 24 November 2026 at the company’s premises in St Leonards, New South Wales, with shareholders also able to follow proceedings via a non-voting livestream. The 2026 Annual Rep...

CleanSpace Director Paul Cassano Lifts Equity Stake via On-Market Share Purchase

Oct 9, 2026

CleanSpace Holdings disclosed a change in director Paul Cassano’s shareholding, reflecting an on-market purchase of additional fully paid ordinary shares. The transaction increases Cassano’s direct stake in the company, and underscores on...

CleanSpace Director Cassano Boosts Shareholding via On-Market Trades

Sep 30, 2026

CleanSpace Holdings Ltd., an Australia-listed provider of respiratory protection and workplace safety products, operates in industrial and healthcare markets where robust health and safety compliance is essential. The company’s shares are quote...

CleanSpace Seeks ASX Quotation for Employee Scheme Shares

Sep 25, 2026

CleanSpace Holdings Ltd. has applied for quotation on the ASX of 16,933 ordinary fully paid shares, with an issue date of 1 September 2026. The securities were previously issued under an employee incentive scheme and are now becoming transferable, ma...

CleanSpace publishes FY26 results presentation with investor guidance and disclaimers

Aug 27, 2026

CleanSpace Holdings Ltd has released its FY26 results presentation for the year ended 30 June 2026, outlining financial information prepared in accordance with IFRS and supplemented by non-IFRS metrics such as EBITDA and free cash flow to clarify ope...

CleanSpace Confirms 2026 Corporate Governance Compliance Under ASX Rules

Aug 27, 2026

CleanSpace Holdings Ltd., an ASX-listed provider of industrial respiratory protection technology, has confirmed its corporate governance framework for the financial year ended 30 June 2026. The company operates under the ASX Corporate Governance Coun...

CleanSpace Posts Wider Loss Despite Stable Revenue in 2026

Aug 27, 2026

CleanSpace Holdings Limited has reported a modest 0.3% increase in revenue to $19.8 million for the year ended 30 June 2026, but a sharply wider net loss after tax of $1.25 million, up 160.8% from the prior year. Basic and diluted earnings per share...

CleanSpace Launches 10% On-Market Share Buyback to Signal Confidence in Growth

Aug 27, 2026

CleanSpace Holdings Ltd., an Australian maker of premium respiratory protection solutions for industrial and healthcare users, builds on two decades of technology-driven advances in protective equipment. Backed by biomedical engineering expertise, th...

CleanSpace Wins Record A$1.9m Order From Global Miner in Indonesia

Aug 9, 2026

CleanSpace Holdings has secured a new A$1.9 million order from its Indonesian distributor PT Lasindo Jayabersama to supply powered air purifying respirators to a global copper and gold miner operating in Indonesia. The deal, to be fulfilled in the fi...

CleanSpace reports lapse of 78,000 restricted share awards

Aug 7, 2026

CleanSpace Holdings Ltd., listed on the ASX under ticker CSX, has updated the market on a change to its issued capital structure. The company reported the lapse of restricted share awards, reflecting adjustments to its equity-based incentives.The com...

CleanSpace Cancels 63,333 Lapsed Restricted Share Awards

Aug 3, 2026

CleanSpace Holdings has announced the cessation of 63,333 restricted share awards, following the lapse of conditional rights that could not be satisfied. The move slightly reduces the company’s issued capital linked to these awards and may indi...

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.

Date of analysis: Sep 08, 2026