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De.mem Ltd.
(Sydney:DEM)
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Rating:56Neutral
Price Target:
AU$0.11
▲(13.00% Upside)
Action:Reiterated
Date:08/28/26
The score is primarily held back by financial performance—net losses, negative operating profitability, and weaker gross margin—despite steady revenue growth and low leverage. Technicals add support with the price trading above major moving averages and moderate momentum. Valuation remains a constraint because the negative P/E signals ongoing losses and there is no dividend yield data to offset that risk.
Positive Factors
Steady revenue growth
Sustained sales growth indicates continued demand for De.mem’s water-treatment systems, services and consumables. A growing revenue base can improve operating leverage and strengthen customer relationships, provided the company restores margins.
Negative Factors
Persistent losses and negative operating profitability
Continuing losses show that revenue growth has not yet translated into a sustainable earnings model. Negative operating profitability limits internally generated capital, weakens shareholder returns and leaves performance dependent on future cost and margin improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Sustained sales growth indicates continued demand for De.mem’s water-treatment systems, services and consumables. A growing revenue base can improve operating leverage and strengthen customer relationships, provided the company restores margins.
Read all positive factors
De.mem Ltd. (DEM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$36.00M
Dividend YieldN/A
Average Volume (3M)237.79K
Price to Earnings (P/E)―
Beta (1Y)0.69
Revenue Growth23.31%
EPS Growth50.00%
CountryAU
Employees80
SectorIndustrials
Sector Strength72
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding327,274,960
10 Day Avg. Volume274,146
30 Day Avg. Volume237,793
Financial Highlights & Ratios
PEG Ratio0.51
Price to Book (P/B)2.35
Price to Sales (P/S)1.10
P/FCF Ratio3.65K
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)<0.01
Revenue Forecast (FY)AU$37.70M
De.mem Ltd. Business Overview & Revenue Model
Company Description
Established in 2013 and headquartered in Melbourne, Australia, De.mem Limited specializes in the conceptualization, construction, ownership, and management of autonomous water and wastewater treatment infrastructure. Their services primarily cater...
How the Company Makes Money
De.mem makes money primarily through a mix of (1) recurring operating and maintenance-style revenue and (2) project and product sales tied to water treatment equipment and consumables. A key earnings driver is ongoing revenue from servicing instal...
De.mem Ltd. Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
73
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.53M | 29.89M | 24.90M | 23.41M | 19.64M | 18.08M |
| Gross Profit | 6.74M | 982.00K | 10.16M | 8.39M | -521.00K | -1.54M |
| EBITDA | 2.34M | 890.00K | -1.01M | -1.23M | -1.70M | -2.93M |
| Net Income | -1.06M | -2.03M | -2.77M | -3.13M | -3.49M | -4.47M |
Balance Sheet | ||||||
| Total Assets | 20.95M | 21.01M | 20.58M | 18.70M | 20.56M | 22.05M |
| Cash, Cash Equivalents and Short-Term Investments | 4.28M | 4.03M | 3.72M | 2.47M | 5.39M | 8.82M |
| Total Debt | 1.63M | 1.80M | 1.37M | 1.65M | 1.40M | 1.64M |
| Total Liabilities | 6.92M | 7.04M | 7.66M | 7.13M | 6.25M | 7.67M |
| Stockholders Equity | 14.03M | 13.96M | 12.92M | 11.57M | 14.31M | 14.35M |
Cash Flow | ||||||
| Free Cash Flow | 117.00K | 9.00K | -10.00K | -2.23M | -3.65M | -3.73M |
| Operating Cash Flow | 478.00K | 318.00K | 115.00K | -1.45M | -1.88M | -2.31M |
| Investing Cash Flow | -2.57M | -2.51M | -1.22M | -728.00K | -3.97M | -4.31M |
| Financing Cash Flow | 2.43M | 2.43M | 2.28M | -485.00K | 2.32M | 10.54M |
De.mem Ltd. Technical Analysis
Positive
0.10
Price Trends
0.10
Positive
0.09
Positive
0.09
Positive
Market Momentum
<0.01
Positive
58.17
Neutral
65.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DEM, the sentiment is Positive. The current price of 0.1 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.10, and above the 200-day MA of 0.09, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 58.17 is Neutral, neither overbought nor oversold. The STOCH value of 65.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:DEM.
De.mem Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$267.29M | 25.03 | 16.42% | 2.63% | 8.35% | -0.81% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | AU$203.42M | 13.30 | 10.34% | 2.95% | 3.97% | 61.65% | |
58 Neutral | AU$62.76M | 6.00 | 11.76% | 1.02% | 38.37% | -8.53% | |
56 Neutral | AU$36.00M | -33.82 | -7.59% | ― | 23.31% | 50.00% | |
45 Neutral | AU$3.75M | -1.35 | -41.16% | ― | 308.85% | -44.44% | |
42 Neutral | AU$67.59M | -8.26 | 85.81% | ― | 12.16% | 70.40% |
* Industrials Sector Average
AU:DEM
De.mem Ltd.
0.12
>-0.01
-4.17%
AU:FLC
Fluence Corporation Limited
0.06
0.00
0.00%
AU:PET
Phoslock Environmental Technologies Limited
0.01
-0.02
-66.67%
AU:WAT
Waterco Limited
5.85
-0.40
-6.46%
AU:VBC
Verbrec Ltd
0.20
0.11
122.22%
AU:XRF
XRF Scientific Limited
1.87
-0.26
-12.44%
De.mem Ltd. Corporate Events
De.mem posts record half-year revenue and boosts profitability on recurring water treatment income
Aug 27, 2026
De.mem has reported record financial results for the half year to 30 June 2026, with revenue rising 26% to $17.6 million and cash receipts up 28% to $20.0 million compared with the prior period. The company has now logged 29 consecutive quarters o...
De.mem issues milestone shares tied to AusWater acquisition
Aug 13, 2026
De.mem Limited has issued 362,510 fully paid ordinary shares at a deemed price of $0.069 per share to the AusWater vendor, following the achievement of a revenue milestone under an existing acquisition agreement. The company states that the shares...
De.mem Seeks ASX Quotation for 362,510 New Ordinary Shares
Aug 13, 2026
De.mem Ltd has lodged an Appendix 2A application with the ASX for the quotation of 362,510 ordinary fully paid shares. The new securities, issued on August 12, 2026, will be quoted under the existing DEM ticker, expanding the company’s trada...
De.mem Announces Investor Webinar to Discuss June Quarter Results
Aug 7, 2026
De.mem Limited, an ASX-listed provider of decentralized water and wastewater treatment solutions, serves large industrial customers and public-sector clients across the Asia-Pacific with advanced membrane-based systems and ongoing operational supp...
De.mem Targets Growth as Decentralised Water Leader
Aug 7, 2026
De.mem Ltd., an ASX-listed company, specialises in decentralised water treatment, providing proprietary technologies, diversified products and services, and residential water solutions. It operates in a large, fragmented global market with geograp...
De.mem to Release 3.6 Million Escrowed Shares Tied to Core Chemicals Deal
Jul 26, 2026
De.mem Limited has announced that 3,575,254 fully paid ordinary shares will be released from voluntary escrow on 31 July 2026, in line with ASX Listing Rule 3.10A. These shares were originally issued as part of the consideration for the acquisitio...
De.mem Director Andreas De Wit Increases Direct Shareholding via Off-Market Purchase
Jun 28, 2026
De.mem Limited has disclosed a change in the shareholding of director Andreas Hendrik De Wit, who increased his direct holding in the company through an off-market purchase. He acquired 5,000,000 fully paid ordinary shares at $0.055 per share, lif...
De.mem Grants 500,000 Unlisted Options to Director Conlon
Jun 23, 2026
De.mem Limited has granted director Daniel Gerard Conlon 500,000 unlisted options, marking his first holding of company securities. The options are exercisable at $0.105 each and will expire on 16 June 2029, reflecting a structured equity incentiv...
De.mem Director Andreas De Wit Increases Equity Stake via Off-Market Share Purchase
Jun 22, 2026
De.mem Limited has disclosed a change in the interests of director Andreas Hendrik De Wit, who holds his stake indirectly through BNP Paribas Nominees Pty Ltd as the beneficial owner with voting and disposal rights. The notice forms part of the co...
De.mem updates market on director share acquisition and option changes
Jun 17, 2026
De.mem Limited has reported a change in director Andreas Hendrik De Wit’s interests, with the off-market acquisition of 3,000,000 fully paid ordinary shares and the expiry of 500,000 unlisted options earlier in April 2026. The company acknow...
De.mem Issues 2 Million Unquoted Employee Options Expiring in 2029
Jun 17, 2026
De.mem Ltd. has notified the market of a new issue of 2,000,000 unquoted options under its employee incentive scheme, with an exercise price of $0.105 and an expiry date of June 16, 2029. The options, issued on June 17, 2026, are not intended to b...
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.