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Metal Powder Works Limited
(Sydney:MPW)
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Rating:42Neutral
Price Target:
AU$1.50
▼(-18.92% Downside)
Action:Upgraded
Date:09/06/26
The score is held down primarily by deteriorating financial performance—sharp revenue decline, deepening losses (including negative gross profit), and persistent negative operating/free cash flow with worsening burn in 2026. Technicals add further pressure with the price below key moving averages and negative MACD. Valuation is not supportive because the negative P/E is driven by losses and there is no dividend yield provided.
Positive Factors
Low leverage
Modest debt relative to equity reduces near-term balance-sheet stress and preserves some financial flexibility. This gives the company greater capacity to manage operating volatility or support recovery efforts than a similarly loss-making business carrying substantial leverage.
Negative Factors
Revenue decline
Sustained revenue contraction, culminating in an approximately 40% decline in 2026, signals weakening business scale and reduced absorption of fixed costs. Without a durable reversal, lower sales will continue to constrain operating leverage, investment capacity, and the path toward profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Modest debt relative to equity reduces near-term balance-sheet stress and preserves some financial flexibility. This gives the company greater capacity to manage operating volatility or support recovery efforts than a similarly loss-making business carrying substantial leverage.
Read all positive factors
Metal Powder Works Limited (MPW) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$210.19M
Dividend YieldN/A
Average Volume (3M)46.62K
Price to Earnings (P/E)―
Beta (1Y)2.77
Revenue Growth-9.99%
EPS Growth-245.74%
CountryAU
Employees355
SectorBasic Materials
Sector Strength58
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.11
Shares Outstanding150,137,510
10 Day Avg. Volume53,525
30 Day Avg. Volume46,622
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)11.38
Price to Sales (P/S)96.72
P/FCF Ratio-15.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$3.90Price Target Upside110.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.02
Revenue Forecast (FY)AU$13.50M
Metal Powder Works Limited Business Overview & Revenue Model
Company Description
Metal Powder Works Limited produces metal powders for additive manufacturing and other advanced applications. Its powder portfolio includes aluminum and copper alloys, zirconium, titanium, and specialty alloys, such as CP-Ti and Zircaloy. The comp...
Metal Powder Works Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
46
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.74M | 1.65M | 1.60M | 2.21M | 3.10M | 3.70M |
| Gross Profit | -866.11K | -2.45M | 334.84K | 823.97K | 1.59M | -3.27M |
| EBITDA | -8.43M | -10.56M | -5.56M | -702.20K | -5.33M | -5.90M |
| Net Income | -11.27M | -12.38M | -6.19M | -1.15M | -6.43M | -5.96M |
Balance Sheet | ||||||
| Total Assets | 20.65M | 16.03M | 10.33M | 3.48M | 5.48M | 6.84M |
| Cash, Cash Equivalents and Short-Term Investments | 15.31M | 10.52M | 6.31M | 188.69K | 1.56M | 3.77M |
| Total Debt | 338.78K | 233.80K | 1.07M | 3.56M | 3.51M | 437.32K |
| Total Liabilities | 1.30M | 1.99M | 2.10M | 4.49M | 6.72M | 2.19M |
| Stockholders Equity | 19.35M | 14.05M | 8.22M | -1.01M | -1.23M | 4.65M |
Cash Flow | ||||||
| Free Cash Flow | -8.78M | -10.26M | -3.07M | -2.02M | -4.79M | -4.84M |
| Operating Cash Flow | -5.90M | -7.29M | -2.54M | -1.98M | -4.53M | -4.68M |
| Investing Cash Flow | -2.65M | -2.97M | -301.04K | 109.33K | -266.02K | -154.53K |
| Financing Cash Flow | 28.42M | 14.09M | 8.96M | 1.35M | 1.88M | 3.50M |
Metal Powder Works Limited Technical Analysis
Negative
1.85
Price Trends
1.66
Negative
1.80
Negative
2.11
Negative
Market Momentum
-0.06
Positive
33.42
Neutral
22.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MPW, the sentiment is Negative. The current price of 1.85 is above the 20-day moving average (MA) of 1.59, above the 50-day MA of 1.66, and below the 200-day MA of 2.11, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 33.42 is Neutral, neither overbought nor oversold. The STOCH value of 22.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MPW.
Metal Powder Works Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$198.07M | 11.71 | 22.20% | 9.12% | -10.61% | -14.62% | |
68 Neutral | AU$204.58M | 5.84 | 14.63% | 2.25% | 10.28% | 14.73% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | AU$100.31M | 19.91 | 4.34% | 3.74% | 5.27% | ― | |
51 Neutral | AU$171.97M | 3.58 | 7.74% | 3.70% | -13.27% | ― | |
42 Neutral | AU$210.19M | -13.07 | -67.53% | ― | -9.99% | -245.74% |
* Basic Materials Sector Average
AU:MPW
Metal Powder Works Limited
1.40
-1.50
-51.72%
AU:BIS
Bisalloy Steel Group Ltd
4.10
-0.57
-12.17%
AU:OMH
OM Holdings Ltd.
0.23
-0.02
-10.00%
AU:BRI
Big River Industries Ltd.
1.07
-0.32
-23.27%
AU:CAA
Capral Limited
13.02
2.06
18.82%
Metal Powder Works Limited Corporate Events
Metal Powder Works Sets AGM to Advance Governance and Capital Flexibility
Oct 30, 2026
Metal Powder Works Limited, listed on the ASX and headquartered operationally in Pittsburgh, U.S., specialises in producing high-quality metal powders for additive manufacturing and advanced industrial uses. The company’s patented DirectPowd...
Metal Powder Works Hits Commercial Inflection Point With Embassy Deal and Capacity Push
Oct 29, 2026
Metal Powder Works Limited reported that its September quarter marked a commercial inflection point, with powder sales for production use rising to more than 80% of revenue and a cash balance of A$6.9 million. Active customers and pipeline leads i...
Metal Powder Works Appoints Joint Company Secretaries as It Advances Additive Manufacturing Powders
Oct 22, 2026
Metal Powder Works Limited, listed on the ASX as MPW, operates a manufacturing base in Pittsburgh in the U.S. and specialises in high-quality metal powders for additive manufacturing and other advanced applications. The company’s patented Di...
Metal Powder Works Secures First Long-Term Copper Supply Deal With Embassy
Sep 29, 2026
Metal Powder Works Limited has signed its first long-term sales agreement with Embassy Powdered Metals Inc., converting an initial August order into a two-year contract to supply pure copper powder for copper infiltration in press-and-sinter appli...
Metal Powder Works Issues 300,000 Unquoted Performance Rights Under Employee Scheme
Sep 17, 2026
Metal Powder Works Limited has issued 300,000 unquoted performance rights under its employee incentive scheme, effective from September 16, 2026. The rights are subject to transfer restrictions and will not be quoted on the ASX until those restric...
Metal Powder Works Files Updated ASX Corporate Governance Statement
Aug 31, 2026
Metal Powder Works Limited has lodged its corporate governance statement for the year ended 30 June 2026 with the ASX, making the document available via its investor website in line with listing rule requirements. The statement, current as of 31 A...
Metal Powder Works Doubles Loss as Revenue Grows and Asset Backing Strengthens
Aug 31, 2026
Metal Powder Works Limited reported a 40.0% increase in revenues from ordinary activities to $469,324 for the year ended 30 June 2026, reflecting ongoing growth in its metal powders business despite a relatively modest sales base. The company did ...
Metal Powder Works to Wind Down Legacy Welding Arm as FY26 Loss Rises on Non-Cash Charge
Aug 31, 2026
Metal Powder Works Limited has released its audited financial statements and Annual Report for the year ended 30 June 2026, detailing the impact of a strategic shift toward its core metal powder operations. In line with this focus, the company has...
MPW Wins U.S. Army Qualification for 6061 Aluminium Powder in Cold Spray Repairs
Aug 25, 2026
Metal Powder Works has had its 6061 aluminium powder qualified by the U.S. Army Combat Capabilities Development Command for production cold spray repairs, following testing by the University of Dayton Research Institute that showed performance sup...
Metal Powder Works issues cleansing notice for recent ASX securities
Aug 11, 2026
Metal Powder Works Limited has issued a cleansing statement to the ASX confirming that recently issued securities were offered without a prospectus under the Corporations Act disclosure exemptions. The company stated it is compliant with its finan...
Metal Powder Works Seeks ASX Quotation for Additional Shares
Aug 11, 2026
Metal Powder Works Limited, listed on the ASX under the code MPW, is an Australian company whose ordinary fully paid shares are traded on the local securities market. The company operates within the broader industrial and manufacturing sphere, wit...
Metal Powder Works Fast-Tracks Capacity Expansion on Growing Market Demand
Aug 10, 2026
Metal Powder Works is accelerating its capacity expansion program, bringing forward its target of approximately 800 metric tonnes of installed annual capacity from 2028 to the first half of 2027 after successful commercial-scale validation of its ...
Metal Powder Works to Brief Investors on June Quarter Progress
Aug 2, 2026
Metal Powder Works Limited, a specialty materials producer of high-quality metal powders for additive manufacturing and advanced industrial uses, is expanding its presence in the global advanced manufacturing market. From its manufacturing base in...
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.