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Multistack International Limited
(Sydney:MSI)
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Rating:50Neutral
Price Target:
AU$0.01
▲(160.00% Upside)
Action:Reiterated
Date:10/02/26
The score is held back primarily by weak and volatile operating performance and a high-risk balance sheet with persistent negative equity, partially offset by the 2025 rebound to positive operating/free cash flow and an optically low P/E valuation. Technical and earnings-call/event-based conviction is limited due to missing data.
Positive Factors
Cash Generation Rebound
A return to positive operating and free cash flow in 2025 (~1.34m) materially improves near-term liquidity and the company's ability to service obligations, invest modestly or fund restructuring. Durable cash generation, if sustained, reduces reliance on external financing and raises survival odds amid prior outflows.
Negative Factors
Persistent Negative Equity
Multi-year negative equity signals accumulated losses and a weakened capital base, constraining access to growth capital and making leverage metrics unreliable. Over months this undermines counterparty confidence, increases refinancing risk and limits the company's ability to pursue investment or M&A to restore profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation Rebound
A return to positive operating and free cash flow in 2025 (~1.34m) materially improves near-term liquidity and the company's ability to service obligations, invest modestly or fund restructuring. Durable cash generation, if sustained, reduces reliance on external financing and raises survival odds amid prior outflows.
Read all positive factors
Multistack International Limited (MSI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$408.91K
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)0.3
Beta (1Y)0.12
Revenue Growth-54.52%
EPS Growth-19.12%
CountryAU
Employees7
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.01
Shares Outstanding136,303,920
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.43
Price to Sales (P/S)4.29
P/FCF Ratio0.51
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
Multistack International Limited Business Overview & Revenue Model
Company Description
Multistack International Limited operates predominantly within Australia, specializing in the marketing and supply of industrial air conditioning equipment. The company's core offerings include the sale and maintenance of its proprietary Multistac...
How the Company Makes Money
Detailed, factual information about MSI’s revenue model, key revenue streams, or significant partnerships is not available in the provided context. null...
Multistack International Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 225.18K | 158.89K | 374.03K | 1.76M | 632.80K | 643.85K |
| Gross Profit | 75.86K | -328.07K | 120.32K | -74.19K | 329.89K | 114.01K |
| EBITDA | -780.09K | -1.59M | -1.39M | -668.00K | -859.00K | -931.00K |
| Net Income | 1.86M | 2.26M | -1.68M | -892.00K | -1.83M | -1.13M |
Balance Sheet | ||||||
| Total Assets | 1.71M | 1.30M | 3.80M | 3.30M | 5.05M | 5.59M |
| Cash, Cash Equivalents and Short-Term Investments | 1.54M | 1.11M | 975.61K | 646.82K | 1.47M | 2.02M |
| Total Debt | 918.46K | 924.92K | 4.91M | 3.37M | 3.49M | 3.40M |
| Total Liabilities | 2.88M | 2.90M | 7.65M | 5.47M | 6.33M | 5.04M |
| Stockholders Equity | -1.17M | -1.60M | -3.86M | -2.18M | -1.29M | 546.08K |
Cash Flow | ||||||
| Free Cash Flow | 1.64M | 1.34M | -493.31K | -729.87K | -2.79M | -530.21K |
| Operating Cash Flow | 1.64M | 1.34M | -493.31K | -729.87K | -2.79M | -530.21K |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 634.00 | 641.26K | 25.95K |
| Financing Cash Flow | -1.26M | -1.20M | 822.10K | -93.38K | -91.55K | 1.52M |
Multistack International Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$49.08M | 10.93 | 35.47% | 8.02% | -3.10% | -35.68% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | AU$39.27M | -35.29 | -7.59% | ― | 23.31% | 50.00% | |
50 Neutral | AU$408.91K | 0.30 | -171.60% | ― | -54.52% | -19.12% | |
45 Neutral | AU$10.60M | -2.23 | 63.59% | ― | -1.99% | -14.88% | |
45 Neutral | AU$12.49M | -0.82 | 63.18% | ― | -51.10% | 2.79% | |
43 Neutral | AU$43.96M | -6.62 | -27.29% | ― | ― | 29.52% |
* Industrials Sector Average
AU:MSI
Multistack International Limited
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Multistack International Limited Corporate Events
Multistack International Files Half-Year 2026 Financial Report
Aug 31, 2026
Multistack International Ltd has released its financial report for the half-year ended 30 June 2026, covering the company and its controlled entities. The report is intended to be read in conjunction with the full-year financial statements for the...
Multistack Half-Year Profit Falls Amid Revenue Collapse, Asset Backing Turns Positive
Aug 31, 2026
Multistack International Limited operates in the industrial sector supplying heating, ventilation and air conditioning solutions via its controlled entities. The ASX-listed group serves commercial and institutional markets, where performance depen...
Multistack Sells Main Business and Seeks New Opportunities After June Quarter
Jul 23, 2026
Multistack International Limited reported that in the June 2026 quarter its principal activities remained the sale, marketing and distribution of Multistack water-cooled and air-cooled chillers, though revenue was limited to spare parts sales as t...
Multistack International posts operating cash outflows but lifts liquidity after subsidiary disposal
Jul 23, 2026
Multistack International reported operating cash outflows of A$226,290 for the June 2026 quarter and A$401,605 for the year to date, driven by staff, administrative, and corporate costs alongside discontinued operations. The company did not record...
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.