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PainChek Ltd (PCK) AI Stock Analysis

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AU:PCK

PainChek Ltd

(ASX:PCK)

Select Model
Rating:40Underperform
Price Target:AUD 0.07â–¼(-7.14% Downside)
Action:reiterated
Date:10/24/26

The score is driven primarily by severe financial weakness, including negative equity, ongoing losses, and heavy cash burn. Bearish technical trends and the absence of positive earnings or dividend-based valuation support further limit the score, although oversold momentum indicators provide a minor counterpoint.

Positive Factors
Rapid Revenue GrowthRapid and sustained revenue expansion indicates that PainChek is increasing adoption of its digital assessment solutions. Continued top-line growth can improve operating leverage over time, broaden its provider base, and create a larger platform from which future profitability may develop.
Negative Factors
Deep Ongoing LossesThe scale of ongoing losses shows that revenue growth and improved gross margin have not yet covered the company’s operating cost base. Without a visible path to breakeven, PainChek remains exposed to prolonged earnings pressure and may need substantial execution improvement to become self-sustaining.

PainChek Ltd (PCK) vs. iShares MSCI Australia ETF (EWA)

-100%-80%-60%-40%-20%0%20%AU:PCK-84.78%EWA+14.10%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
AUD 14.23M
Dividend Yield
―
Average Volume (3M)
153.98K
Price to Earnings (P/E)
-1.6
Beta (1Y)
1.17
Revenue Growth
11.45%
EPS Growth
0.69%
Country
Australia
Employees
25
Sector
Healthcare
Sector Strength
51
Industry
Medical - Healthcare Information Services

PainChek Ltd Business Overview & Revenue Model

Company Description

PainChek Limited specializes in the creation and commercialization of mobile medical applications designed for individual pain assessment. Their core product, PainChek, employs smartphone and tablet cameras to record video, which is then analyzed in...

PainChek Ltd Financial Statement Overview

Summary

Revenue growth and improving gross profitability are offset by persistent large losses, negative shareholder equity, substantial debt, and operating cash outflows exceeding AUD 9 million in 2026. The component score is constrained at the required minimum.

Income Statement

35Negative

Balance Sheet

15Very Negative

Cash Flow

20Very Negative
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue3.74M3.74M3.36M2.67M1.95M978.57K
Gross Profit2.64M2.64M997.74K726.66K712.51K-258.82K
EBITDA-10.00M-9.92M-7.65M-9.49M-8.61M-6.80M
Net Income-8.94M-8.94M-7.67M-8.31M-7.57M-5.72M
Balance Sheet
Total Assets7.63M7.63M2.15M4.18M2.80M6.65M
Cash, Cash Equivalents and Short-Term Investments5.99M5.99M1.62M3.56M2.51M6.14M
Total Debt4.25M4.25M0000
Total Liabilities9.06M9.06M3.26M2.89M2.13M1.83M
Stockholders Equity-1.43M-1.43M-1.11M1.29M668.13K4.82M
Cash Flow
Free Cash Flow-9.25M-9.25M-6.77M-7.16M-6.34M-7.02M
Operating Cash Flow-9.24M-9.24M-6.75M-7.13M-6.32M-7.00M
Investing Cash Flow-14.93K-14.93K-12.17K-34.25K-12.44K-21.96K
Financing Cash Flow13.64M13.64M4.82M8.21M2.70M1.75M

PainChek Ltd Technical Analysis

Technical Analysis SentimentNegative
Last Price0.07

Price Trends

50DMA0.10Negative
100DMA0.10Negative
200DMA0.14Negative

Market Momentum

MACD-0.01Positive
RSI34.58Neutral
STOCH35.16Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PCK, the sentiment is Negative. The current price of 0.07 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.10, and below the 200-day MA of 0.14, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 34.58 is Neutral, neither overbought nor oversold. The STOCH value of 35.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PCK.

PainChek Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

AU:PCK against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
AU:CGSAU:CGS74OutperformAUD 578.30M33.2021.61%1.78%6.95%10.77%
AU:ALCAU:ALC63NeutralAUD 141.73M64.702.53%―26.61%41.67%
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
AU:ICRAU:ICR40UnderperformAUD 12.88M-5.29-416.53%―113.42%29.17%
AU:PCKAU:PCK40UnderperformAUD 14.23M-1.61-1688.04%―11.45%0.69%
AU:BMTAU:BMT39UnderperformAUD 18.90M-1.03-58.13%―2.08%-195.31%
AU:ONEAU:ONE39UnderperformAUD 100.70M-5.79-203.69%―-1.53%28.29%

* Healthcare Sector Average

Performance Comparison

-50%0%50%AU:PCKAU:CGSAU:ONEAU:BMTAU:ALCAU:ICRDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
AU:PCK and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:PCKPainChek Ltd0.07-0.36-83.72%
AU:CGSCogstate Ltd3.380.7226.88%
AU:ONEOneview Healthcare PLC Chess Depository Interests repr 10.12-0.08-41.46%
AU:BMTBeamtree Holdings Ltd0.07-0.13-67.00%
AU:ALCAlcidion Group Limited0.120.0327.78%
AU:ICRInteliCare Holdings Limited0.02-0.00-18.18%

PainChek Ltd Corporate Events

PainChek Shareholders Approve Five AGM Resolutions

Nov 4, 2026

PainChek is a digital health company focused on AI-assisted pain assessment and monitoring for patients who cannot reliably self-report pain. Its software combines facial analysis with clinical assessment tools, numerical pain scoring, reporting and...

PainChek Reports Growth and Expands US Commercial Operations

Nov 4, 2026

In FY2026, PainChek’s implemented licences increased 27.9% to 90,198, while implemented annual recurring revenue rose 24.6% to $4.46 million. Recognised customer revenue reached $3.74 million, customer cash receipts rose 13.6% to $4 million, an...

PainChek Confirms Live Online Access to Annual General Meeting

Nov 2, 2026

PainChek is a healthcare technology company focused on digital pain assessment and monitoring for people who cannot reliably self-report pain. Its application combines AI-assisted facial analysis with structured clinical assessments and reporting too...

PainChek Discloses Final Director Interest as John Murray Steps Down

Oct 30, 2026

PainChek Limited has announced the cessation of John Murray as a director effective 26 October 2026, documenting his final interests in the company’s securities in accordance with ASX disclosure requirements. The notice details Murray’s d...

PainChek sharpens aged care focus as U.S. and U.K. deals lift recurring revenue

Oct 28, 2026

PainChek reported solid growth for the September 2026 quarter, with unaudited customer revenue rising 12.9% from the previous quarter to $1.210 million and 42.4% year on year, while customer retention improved to 90% and activated licences reached 91...

PainChek reshapes board as long-serving director John Murray retires

Oct 25, 2026

PainChek has announced the retirement of non-executive director and former chair John Murray, who leaves the board after a decade in which he oversaw the company’s evolution from an early-stage technology developer to a commercial business with...

PainChek issues 2.2 million unquoted performance rights under employee incentive plan

Oct 13, 2026

PainChek Ltd has notified the market of the issue of 2,200,000 unquoted performance rights under its employee incentive scheme, recorded as Appendix 3G with the ASX. The new securities, designated as PCKAA performance rights and issued on 8 October 2...

PainChek accelerates U.S. push with Sabra memory care rollout

Oct 12, 2026

PainChek has expanded its commercial footprint in the U.S. through Sabra Health Care REIT, growing from two initial Traditions memory care facilities to 23 communities across five national operators, with 808 contracted memory care licences. The roll...

PainChek Director Increases Shareholding Through Performance Rights Conversion

Sep 30, 2026

PainChek Limited has reported a change in director Adam Davey’s interests following the conversion of 48,426 performance rights into fully paid ordinary shares. As a result, Davey’s direct holding increased to 105,084 shares, while his in...

PainChek adds 242,130 new shares to ASX quotation

Sep 30, 2026

PainChek Ltd has applied for quotation of 242,130 new ordinary fully paid shares on the Australian Securities Exchange, under the ticker PCK, following the exercise or conversion of existing options or other convertible securities. The modest issuanc...

PainChek Sets 2026 AGM Date and Outlines Shareholder Participation Rules

Sep 30, 2026

PainChek Ltd has scheduled its Annual General Meeting for shareholders at 3 p.m. AEDT on Wednesday, 4 November 2026, to be held at its Sydney offices. The notice outlines the formal business of the meeting, including resolutions and explanatory mater...

PainChek Details 2026 Corporate Governance Framework and ASX Compliance

Sep 23, 2026

PainChek has released its 2026 Corporate Governance Statement, outlining how its board oversees management and aligns with the ASX Corporate Governance Council’s latest principles and recommendations. The document details formal structures such...

PainChek Eyes Next Growth Phase on Recurring Revenue and U.S. Access

Sep 23, 2026

PainChek signalled that the 2026 financial year marks the start of its next growth phase, leveraging an established customer base and rising recurring revenue. The company highlighted that securing regulatory access in the U.S. and other regions is o...

PainChek Details Director Ross Harricks’ Holdings After Board Exit

Sep 8, 2026

PainChek Limited has disclosed a final director’s interest notice following the resignation of director Ross Harricks on 1 September 2026. The filing outlines Harricks’ remaining holdings in the company, including fully paid ordinary shar...

PainChek to Brief Investors on Global AI Pain Platform Expansion and U.S. Growth Strategy

Sep 3, 2026

PainChek Ltd, a healthcare technology company specialising in AI-driven pain assessment tools, is expanding its presence across key international healthcare markets following regulatory clearances in regions including Australia, Europe, and the Unite...

PainChek posts higher revenue but deeper loss as going-concern flagged

Aug 28, 2026

PainChek Ltd reported total revenue of $4.9 million for the year ended 30 June 2026, a modest increase of 2% on the prior year, supported by higher core revenue and interest income but offset by a reduction in grants. The company’s net loss att...

PainChek flags growth momentum and U.S. push ahead of investor webinar

Aug 7, 2026

PainChek Ltd, a medical device and AI-enabled pain assessment specialist, is expanding its global footprint with regulatory clearances across multiple regions including recent FDA De Novo clearance in the United States, and has built a substantial pr...

PainChek Updates Performance Rights Following Share Consolidation

Aug 5, 2026

PainChek Ltd has updated its previously reported figures for unquoted performance rights following a recent share consolidation, revising the allocations for several key individuals, including J. Murray, R. Harricks, C. Payne and A. Davey. The total...

PainChek Updates Director Adam Davey’s Equity and Performance Rights Holdings

Aug 5, 2026

PainChek Limited has disclosed a change in director Adam Davey’s interests in the company’s securities, reflecting an updated mix of fully paid ordinary shares and newly issued performance rights. The adjustments include both direct and i...

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: Oct 24, 2026