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Sprintex Limited (AU:SIX)
:SIX
Australian Market
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Sprintex Limited (SIX) AI Stock Analysis

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AU

Sprintex Limited

(Sydney:SIX)

Rating:46Neutral
Price Target:
AU$0.00
▼(-100.00%Downside)
The overall stock score is significantly impacted by the company's weak financial performance. Severe profitability issues and a precarious balance sheet highlight the need for substantial operational improvements. Despite some technical indicators suggesting short-term stabilization, valuation concerns persist due to the company's unprofitability and lack of dividends.

Sprintex Limited (SIX) vs. iShares MSCI Australia ETF (EWA)

Sprintex Limited Business Overview & Revenue Model

Company DescriptionSprintex Limited, together with its subsidiaries, manufactures and distributes clean air compressors. Its clean air compressors comprise superchargers and supercharger systems. The company also provides customer support, as well as sales and marketing services. It operates in the United States, Australia, the United Arab Emirates, and internationally. The company was incorporated in 2003 and is based in Darch, Australia.
How the Company Makes MoneySprintex Limited generates revenue through the sale of its supercharger products to automotive manufacturers and aftermarket customers. The company's revenue streams are primarily driven by direct sales of supercharger units, as well as licensing agreements and partnerships with other companies in the automotive industry. Additionally, Sprintex may engage in research and development collaborations to create new or improved products, contributing to its earnings. Key factors influencing its revenue include demand for high-performance automotive solutions and the company's ability to innovate and adapt to changing market needs.

Sprintex Limited Financial Statement Overview

Summary
Sprintex Limited is facing severe financial difficulties. The income statement shows consistent losses, the balance sheet indicates insolvency risk with negative equity, and cash flow analysis reveals an inability to generate cash from operations, relying heavily on external financing.
Income Statement
35
Negative
Sprintex Limited faces significant challenges in its income statement. While the company has shown some revenue growth, the consistent negative net income and substantial EBIT losses highlight ongoing profitability issues. The gross profit margin remains low, and both EBIT and EBITDA margins are deeply negative, indicating operational inefficiencies and cost management concerns.
Balance Sheet
25
Negative
The balance sheet presents a precarious financial position. The company has a negative equity, indicating insolvency risk. The debt-to-equity ratio cannot be calculated due to negative equity, but the high level of debt relative to assets suggests significant leverage. This high leverage poses a risk, particularly given ongoing losses.
Cash Flow
30
Negative
Cash flow analysis reveals significant strains with negative operating and free cash flows, reflecting an inability to generate cash from core operations. The free cash flow to net income ratio is unfavorable, and the company is reliant on external financing, as seen by positive financing cash flows, which could be unsustainable in the long term.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue1.52M1.20M1.02M493.32K574.85K1.13M
Gross Profit257.88K359.90K211.89K41.13K332.83K145.62K
EBITDA-5.49M-3.69M-3.34M-5.74M-3.31M-2.63M
Net Income-6.55M-4.50M-4.38M-5.88M127.64K-2.37M
Balance Sheet
Total Assets3.34M4.49M2.30M1.88M3.46M673.89K
Cash, Cash Equivalents and Short-Term Investments598.22K1.94M49.25K80.04K2.57M176.26K
Total Debt5.25M4.71M3.20M337.33K284.01K6.25M
Total Liabilities7.75M6.38M4.48M706.53K611.07K8.22M
Stockholders Equity-4.41M-1.89M-2.18M1.17M2.84M-7.55M
Cash Flow
Free Cash Flow-2.37M-3.76M-3.31M-5.24M-3.40M-1.07M
Operating Cash Flow-2.08M-3.52M-3.21M-4.29M-3.35M-1.01M
Investing Cash Flow-295.07K-169.34K52.69K-946.36K-357.64K-542.01K
Financing Cash Flow818.92K5.58M3.13M2.75M6.09M971.30K

Sprintex Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.05
Price Trends
50DMA
0.04
Positive
100DMA
0.05
Positive
200DMA
0.05
Negative
Market Momentum
MACD
<0.01
Negative
RSI
55.73
Neutral
STOCH
42.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SIX, the sentiment is Positive. The current price of 0.05 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.73 is Neutral, neither overbought nor oversold. The STOCH value of 42.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:SIX.

Sprintex Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AURPM
80
Outperform
AU$18.16M4.276.94%12.63%46.73%
AUSFC
71
Outperform
AU$288.13M9.3013.91%4.25%5.89%79.20%
AUABV
67
Neutral
AU$33.42M25.4514.53%18.20%-15.38%
AUAMA
57
Neutral
AU$454.35M475.001.53%-1.09%
57
Neutral
HK$24.54B3.89-2.03%6.19%-0.31%-67.70%
AUNTD
52
Neutral
AU$31.86M15.95-42.37%-3.66%-750.00%
AUSIX
46
Neutral
AU$29.55M
-29.96%-37.78%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:SIX
Sprintex Limited
0.05
0.00
0.00%
AU:NTD
National Tyre & Wheel Ltd.
0.19
-0.23
-54.76%
AU:SFC
Schaffer Corporation Limited
21.20
0.72
3.52%
AU:ABV
Advanced Braking Technology Limited
0.08
0.02
33.33%
AU:AMA
Ama Group Limited
0.10
0.06
150.00%
AU:RPM
RPM Automotive Group Ltd.
0.07
0.00
0.00%

Sprintex Limited Corporate Events

Sprintex Limited Announces Director’s Change in Securities Interest
Jul 1, 2025

Sprintex Limited has announced a change in the interests of its director, Steven Apedaile, in the company’s securities. The notice details the direct and indirect interests held by Mr. Apedaile, including his roles in various trusts and companies. This update is part of the company’s compliance with ASX listing rules and provides transparency regarding the director’s financial interests in the company.

Sprintex Secures Financial Flexibility with Extended Loan Agreements
Jun 30, 2025

Sprintex Limited has extended the maturity dates of its convertible note and loan agreements, totaling A$2.85 million, with China Automotive Holdings Limited and Distacom Enterprises Limited. This extension provides Sprintex with increased financial flexibility to pursue upcoming sales and marketing initiatives, including a significant trial with Van Drie Group, which could lead to substantial revenue. The agreements reflect strong support from stakeholders and are expected to enhance the company’s operational capabilities and shareholder value.

Sprintex Limited Announces Cessation of Securities
Jun 30, 2025

Sprintex Limited has announced the cessation of 41,445,696 securities due to the expiry of options or other convertible securities without exercise or conversion as of June 30, 2025. This development may impact the company’s capital structure and could have implications for its market positioning and stakeholder interests.

Sprintex Expands Türkiye Presence and Launches New Jet Blowers
Jun 18, 2025

Sprintex Limited has secured a significant order of A$377,000 and expanded its distribution agreement in Türkiye, extending exclusivity and increasing order commitments. The company has launched larger capacity jet blowers, aiming to capitalize on Türkiye’s demand for energy-efficient solutions supported by government incentives. These developments are expected to enhance Sprintex’s market position, offering substantial revenue potential and aligning with national energy efficiency priorities.

Sprintex’s ZLD-UP System Set for Major Trial with Van Drie Group
May 26, 2025

Sprintex Limited has announced the successful commissioning and enhancement of its ZLD-UP system at Mest Water’s facility, which is set to undergo trials with Van Drie Group, a leading agribusiness in the Netherlands. The trial could lead to a significant order of 200 units, generating substantial revenue for Sprintex and showcasing the system’s potential to reduce ammonia emissions and transform manure into valuable products, thereby expanding its market reach across Europe.

Sprintex Limited Announces Change in Substantial Shareholding
May 2, 2025

Sprintex Limited has announced a change in the substantial holding of its shares by Michael Wilson, who now holds a relevant interest in 34,000,000 ordinary shares, representing a voting power of 5.41%. This change reflects a significant acquisition of shares both off-market and on-market, impacting the company’s shareholder structure and potentially influencing its governance and strategic decisions.

Sprintex Limited Reports Strong Quarter with Major Milestones and Growth Prospects
Apr 28, 2025

Sprintex Limited has reported significant advancements in the March quarter, setting a strong foundation for future sales and market expansion. The company completed a proof of concept with Mest Water, leading to negotiations for a substantial order of ZLD-Up systems valued at over A$8 million. Additionally, Sprintex’s participation in the Hannover Messe technology fair has generated interest and potential partnerships, while a successful collaboration with SEA LIFE demonstrated a 72% energy reduction, highlighting the efficiency of Sprintex’s technology. With a capitalization of A$53.25 million, Sprintex is well-positioned for continued innovation and growth.

Sprintex Strengthens Market Position with Key Collaborations and Product Showcases
Apr 14, 2025

Sprintex Limited has made significant progress in its collaboration with Mest Water, a leading European environmental company, to advance the ZLD-Up system for sustainable manure processing and ammonia reduction. The partnership is on the verge of finalizing a maiden purchase order with a major agribusiness group in the Netherlands, expected to be valued at over €4.5 million. Additionally, Sprintex showcased its G15 and G25 Jet Blowers at the Hannover Messe trade fair, generating substantial interest from potential distributors and partners due to their high efficiency and compact design. This exposure is expected to expand Sprintex’s market opportunities and strengthen its position in the rapidly growing demand for sustainable blower solutions.

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: Jul 12, 2025