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Queste Communications Ltd (QUE) AI Stock Analysis

AU:QUE

Queste Communications Ltd

(ASX:QUE)

Select Model
Rating:59Neutral
Price Target:AUD 0.06â–²(124.00% Upside)
Action:reiterated
Date:05/26/26

The score is driven mainly by a conservative, debt-free balance sheet and improved recent cash generation, partly offset by volatile revenue and persistently negative EBIT that raise concerns about core earnings quality. Technicals are neutral-to-mixed, while the low P/E provides some valuation support.

Positive Factors
Debt-free balance sheetA zero-debt, rising-equity balance sheet materially lowers solvency and refinancing risk, giving management flexibility to fund operations, strategic investments or M&A from internal resources. This structural strength supports resilience through downturns and preserves optionality for capital allocation.
Negative Factors
Weak core operating profitabilityPersistent negative EBIT across reported periods shows core operations are not generating operating profit, implying net income is driven by non-operating items. This undermines earnings quality and repeatability, making long-term profits contingent on restoring operating margins rather than one-off gains.

Queste Communications Ltd (QUE) vs. iShares MSCI Australia ETF (EWA)

-60%-40%-20%0%20%AU:QUE-55.36%EWA+14.93%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
AUD 1.52M
Dividend Yield
―
Average Volume (3M)
56.49K
Price to Earnings (P/E)
-80.0
Beta (1Y)
-0.29
Revenue Growth
-10.70%
EPS Growth
-96.62%
Country
Australia
Employees
8
Sector
Financial
Sector Strength
68
Industry
Asset Management

Queste Communications Ltd Business Overview & Revenue Model

Company Description

Operating primarily through its subsidiary, Orion Equities Limited, Queste Communications Ltd oversees an investment portfolio within Australia. Its activities encompass both publicly traded and privately held securities, alongside the development an...

How the Company Makes Money

null

Queste Communications Ltd Financial Statement Overview

Summary

Strong balance sheet with zero debt and rising equity supports financial flexibility, and operating/free cash flow turned solidly positive in 2024–2025. However, revenue is highly volatile and EBIT is negative in most years (including 2024–2025), suggesting weaker core operating performance and potentially lower-quality earnings despite positive net income.

Income Statement

44Neutral

Balance Sheet

78Positive

Cash Flow

63Positive
Financial statement breakdown
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue208.37K208.37K42.72K245.47K37.70K267.73K
Gross Profit208.37K208.37K32.17K234.36K27.98K256.61K
EBITDA-309.75K-309.75K-500.00K112.34K-1.73M4.61M
Net Income718.65K718.65K1.68M-502.19K-2.61M3.14M
Balance Sheet
Total Assets6.53M6.53M6.71M2.60M3.44M7.66M
Cash, Cash Equivalents and Short-Term Investments4.13M4.13M1.86M748.18K1.12M2.86M
Total Debt000000
Total Liabilities594.57K594.57K2.03M801.79K787.28K824.31K
Stockholders Equity3.30M3.30M2.01M897.39K1.40M4.01M
Cash Flow
Free Cash Flow2.67M2.67M1.31M125.26K-188.69K-140.53K
Operating Cash Flow2.67M2.67M1.31M125.26K-188.69K-140.06K
Investing Cash Flow-1,120-1,120000-465
Financing Cash Flow000-13500

Queste Communications Ltd Technical Analysis

Technical Analysis SentimentNegative
Last Price0.03

Price Trends

50DMA0.05Negative
100DMA0.05Negative
200DMA0.05Negative

Market Momentum

MACD-0.01Positive
RSI20.22Positive
STOCH17.16Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:QUE, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 20.22 is Positive, neither overbought nor oversold. The STOCH value of 17.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:QUE.

Queste Communications Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (68)

Financial Indicators

AU:QUE against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
AU:OEQAU:OEQ72OutperformAUD 1.41M34.261.14%―-7.30%-84.67%
Sector *68Neutral$18.00B11.429.92%3.81%9.73%1.22%
AU:QUEAU:QUE59NeutralAUD 698.44K-80.00-0.58%―-10.70%-96.62%
AU:BWFAU:BWF47NeutralAUD 15.38M-6.86-6.24%―-40.66%82.75%
AU:ECPAU:ECP37UnderperformAUD 11.71M-1.36-38.24%8.88%-14.03%-1062.94%

* Financial Sector Average

Performance Comparison

-60%-40%-20%0%AU:QUEAU:BWFAU:GC1AU:ECPAU:OEQAU:HCFDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
AU:QUE and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:QUEQueste Communications Ltd0.03-0.04-62.12%
AU:BWFBlackwall Limited0.09-0.09-48.07%
AU:GC1Glennon Small Companies Ltd0.41-0.08-15.98%
AU:ECPECP Emerging Growth Ltd.0.63-0.48-43.34%
AU:OEQOrion Equities Limited0.09-0.10-51.35%
AU:HCFH&G High Conviction Ltd.0.03-0.01-25.00%

Queste Communications Ltd Corporate Events

Queste Communications Highlights Orion-Controlled Investment Focus in June Quarter

Jul 8, 2026

Queste Communications reported that as at 30 June 2026 it continued to hold 9,367,653 Orion Equities shares, representing 59.86% of Orion’s ordinary share capital, alongside a 1.61% stake in Bentley Capital. The market value of Queste’s i...

Queste Communications posts modest cash outflows but maintains strong liquidity

Jul 8, 2026

Queste Communications Ltd is an Australia-based investment company that controls a 59.86% stake in ASX-listed Orion Equities Ltd. Its consolidated cash flows therefore reflect both Queste’s own investment operations and those of Orion, with a f...

Queste Communications posts stable May cash flows backed by royalty consideration

Jun 8, 2026

Queste Communications Ltd has reported a marginally positive company-level operating cash flow for May 2026, ending the month with $26,000 in cash and cash equivalents, while the consolidated group closed with $3.82 million in cash. The group’s...

Queste Communications posts modest cash gains as group liquidity remains steady

May 12, 2026

Queste Communications Ltd reported a modest improvement in its standalone cash position for April 2026, with company-level cash rising from A$9,000 to A$20,000 on the back of positive operating cash flow of A$3,000 and A$8,000 in new borrowings. Cons...

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: May 26, 2026