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Experience Co Ltd
(Sydney:EXP)
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Rating:52Neutral
Price Target:
AU$0.10
▼(-22.31% Downside)
Action:Reiterated
Date:07/16/26
The score is primarily held back by weak profitability (negative net margins and ROE) and inconsistent free cash flow despite solid revenue growth. Technicals are supportive with price above key moving averages and a positive MACD, but the very high RSI indicates overbought conditions. Valuation is constrained by a negative P/E, with the ~2.5% dividend yield offering only modest support.
Positive Factors
Strong revenue growth
Sustained high revenue growth (~63%) indicates solid demand and expanding market penetration for core adventure experiences. Over 2–6 months this supports scale benefits, stronger distributor leverage and the potential to convert top-line gains into more durable operating leverage if margins continue to improve.
Negative Factors
Ongoing unprofitability
Persistent negative net margins and ROE show the company still fails to generate returns for shareholders despite revenue growth. Over months this limits retained earnings, constrains reinvestment options, and heightens pressure to improve margins or restructure costs to achieve sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Sustained high revenue growth (~63%) indicates solid demand and expanding market penetration for core adventure experiences. Over 2–6 months this supports scale benefits, stronger distributor leverage and the potential to convert top-line gains into more durable operating leverage if margins continue to improve.
Read all positive factors
Experience Co Ltd (EXP) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$73.90M
Dividend Yield2.55%
Average Volume (3M)353.48K
Price to Earnings (P/E)―
Beta (1Y)0.91
Revenue Growth0.63%
EPS Growth-116.67%
CountryAU
Employees1,000
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding754,667,360
10 Day Avg. Volume117,357
30 Day Avg. Volume353,483
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)0.74
Price to Sales (P/S)0.70
P/FCF Ratio28.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.15Price Target Upside15.38% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)<0.01
Revenue Forecast (FY)AU$141.37M
Experience Co Ltd Business Overview & Revenue Model
Company Description
Experience Co Limited, headquartered in Sydney, Australia, is an adventure tourism and leisure enterprise operating across Australia and New Zealand. Established in 1998, it structures its operations into Skydiving, Adventure Experiences, and Corp...
How the Company Makes Money
Experience Co Ltd (EXP) makes money primarily by selling adventure experiences to customers and travel trade partners. Key revenue streams include: (1) direct-to-consumer sales of experiences (e.g., bookings made through the company’s websites, ca...
Experience Co Ltd Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 133.58M | 134.31M | 127.04M | 108.60M | 55.82M | 44.45M |
| Gross Profit | 37.60M | 53.57M | 16.84M | 12.96M | -3.99M | -3.59M |
| EBITDA | 11.87M | 14.47M | 12.10M | 12.79M | -6.90M | 6.22M |
| Net Income | -479.00K | -975.00K | -71.00K | -542.00K | -13.58M | -4.30M |
Balance Sheet | ||||||
| Total Assets | 190.06M | 190.49M | 192.03M | 190.80M | 188.69M | 116.63M |
| Cash, Cash Equivalents and Short-Term Investments | 8.54M | 11.08M | 8.24M | 8.59M | 18.32M | 13.32M |
| Total Debt | 47.08M | 38.04M | 35.58M | 32.34M | 33.65M | 28.29M |
| Total Liabilities | 62.72M | 62.84M | 63.09M | 61.83M | 64.77M | 42.68M |
| Stockholders Equity | 127.34M | 127.64M | 128.94M | 128.96M | 123.92M | 73.95M |
Cash Flow | ||||||
| Free Cash Flow | 84.00K | 3.27M | 3.57M | -3.04M | -4.84M | 1.82M |
| Operating Cash Flow | 13.78M | 17.62M | 11.51M | 9.72M | 3.02M | 4.53M |
| Investing Cash Flow | -13.99M | -14.93M | -10.66M | -14.70M | -46.95M | 1.79M |
| Financing Cash Flow | -2.00M | 154.00K | -1.19M | -4.75M | 48.92M | -5.47M |
Experience Co Ltd Technical Analysis
Positive
0.13
Price Trends
0.08
Positive
0.09
Positive
0.11
Negative
Market Momentum
<0.01
Negative
82.13
Negative
58.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EXP, the sentiment is Positive. The current price of 0.13 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.08, and above the 200-day MA of 0.11, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 82.13 is Negative, neither overbought nor oversold. The STOCH value of 58.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:EXP.
Experience Co Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$2.35B | 27.71 | 7.19% | 1.37% | ― | ― | |
66 Neutral | AU$238.97M | 4.87 | 13.86% | 7.57% | -8.28% | 83.36% | |
63 Neutral | AU$807.12M | 77.87 | -31.09% | ― | 20.01% | -80.80% | |
62 Neutral | AU$2.50B | 23.32 | 9.09% | 2.63% | 4.11% | -2.17% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
52 Neutral | AU$73.90M | -163.33 | -0.38% | 1.92% | 0.63% | -116.67% | |
46 Neutral | AU$729.88M | -1.33 | -57.00% | ― | -26.19% | 89.24% |
* Consumer Cyclical Sector Average
AU:EXP
Experience Co Ltd
0.10
-0.02
-18.33%
AU:CTD
Corporate Travel Management Limited
16.07
0.41
2.62%
AU:SGR
Star Entertainment Group Limited
0.12
0.00
0.00%
AU:FLT
Flight Centre Travel Group Limited
11.83
-0.73
-5.80%
AU:WEB
WEB Travel Group
2.35
-2.47
-51.24%
AU:HLO
Helloworld Travel Ltd
1.46
0.03
2.10%
Experience Co Ltd Corporate Events
Experience Co Moves to Merge Skydive Operations with New Zealand’s Inflite Group
Jul 14, 2026
Experience Co Limited has entered a non-binding term sheet with New Zealand’s Inflite Group for a proposed combination of its Australian and New Zealand skydive and aviation operations with Inflite’s existing aviation-tourism business ...
Experience Co to Expand Adventure Footprint and Boost Reef Capacity
Jun 30, 2026
Experience Co Limited has expanded its Treetops Adventure business into South Australia through the $1.25 million acquisition of West Beach Adventure in Adelaide. The aerial adventure park, located within the West Beach Parks tourism precinct and ...
Experience Co issues Q3 2026 trading update with emphasis on risk and non-AAS metrics
May 26, 2026
Experience Co Limited has issued a Q3 2026 trading update that presents high-level financial and operational information in summary form for investors. The company emphasises that the material is supplementary to its regular market disclosures and...
Experience Co Completes $5.1m Sale of Wild Bush Luxury to Intrepid Travel
May 1, 2026
Experience Co Limited has completed the sale of its Wild Bush Luxury portfolio to Intrepid Travel, divesting assets including Arkaba Homestead and Walk in South Australia, Bamurru Plains in the Northern Territory and The Maria Island Walk in Tasma...
Experience Co Appoints New Company Secretary to Strengthen Governance
Apr 17, 2026
Experience Co Limited has announced a change in its corporate governance team, with the resignation of Company Secretary Fiona van Wyk and the appointment of Christopher Fernandes to the role, effective immediately. The Board acknowledged van Wyk&...
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.