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WAY 2 VAT LTD
(Sydney:W2V)
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Rating:40Neutral
Price Target:
AU$0.03
▼(-62.86% Downside)
Action:Reiterated
Date:10/28/26
The score is primarily held back by weak financial durability (deep losses, persistent cash burn, and high leverage) and very bearish technicals (price below all major moving averages with very weak momentum). Strong revenue growth and high gross margins provide some offset, but the negative earnings and cash flow keep the overall score low.
Positive Factors
Accelerating Revenue Growth
Accelerating revenue growth indicates that the company is expanding its commercial base and gaining traction in its software model. If maintained, this scale can improve operating leverage over time, support broader customer adoption, and create a larger base from which future profitability may develop.
Negative Factors
Deep and Persistent Unprofitability
The company has not yet converted strong revenue growth and gross margins into sustainable earnings. A net margin near negative 102% shows that operating costs remain far above the revenue base, making profitability dependent on substantial cost improvement or continued external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating Revenue Growth
Accelerating revenue growth indicates that the company is expanding its commercial base and gaining traction in its software model. If maintained, this scale can improve operating leverage over time, support broader customer adoption, and create a larger base from which future profitability may develop.
Read all positive factors
WAY 2 VAT LTD (W2V) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$9.70M
Dividend YieldN/A
Average Volume (3M)191.58K
Price to Earnings (P/E)―
Beta (1Y)1.52
Revenue Growth49.69%
EPS Growth20.65%
CountryAU
Employees54
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.04
Shares Outstanding303,207,900
10 Day Avg. Volume233,306
30 Day Avg. Volume191,579
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)7.85
Price to Sales (P/S)2.56
P/FCF Ratio-2.86
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)AU$10.80M
WAY 2 VAT LTD Business Overview & Revenue Model
Company Description
Way 2 Vat Ltd is a financial technology enterprise that delivers global solutions for the recovery and submission of Value Added Tax (VAT) and Goods and Services Tax (GST). The company maintains and operates an automated, comprehensive platform de...
WAY 2 VAT LTD Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
24
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.54M | 4.43M | 3.01M | 2.05M | 1.30M | 1.32M |
| Gross Profit | 3.83M | 3.25M | 2.47M | 1.62M | 1.00M | 1.05M |
| EBITDA | -2.04M | ― | -2.99M | -3.74M | -4.34M | -4.49M |
| Net Income | ― | ― | -3.62M | -4.25M | -4.56M | -6.38M |
Balance Sheet | ||||||
| Total Assets | 8.89M | 8.43M | 4.48M | 4.15M | 4.51M | 5.18M |
| Cash, Cash Equivalents and Short-Term Investments | 1.33M | 512.49K | 76.00K | 493.00K | 1.03M | 3.13M |
| Total Debt | 4.19M | 2.72M | 2.22M | 1.90M | 848.00K | 1.09M |
| Total Liabilities | 9.85M | 6.99M | 5.80M | 5.15M | 4.31M | 2.36M |
| Stockholders Equity | -959.11K | 1.45M | -1.32M | -1.00M | 207.00K | 2.82M |
Cash Flow | ||||||
| Free Cash Flow | -3.97M | -3.97M | -3.62M | -3.81M | -4.62M | -4.11M |
| Operating Cash Flow | -3.96M | -3.96M | -3.60M | -3.80M | -4.61M | -4.08M |
| Investing Cash Flow | -1.27M | -1.27M | -16.00K | -5.00K | -9.00K | -29.00K |
| Financing Cash Flow | 5.98M | 5.58M | 3.10M | 3.13M | 1.51M | 5.30M |
WAY 2 VAT LTD Technical Analysis
Negative
0.07
Price Trends
0.05
Negative
0.05
Negative
0.07
Negative
Market Momentum
>-0.01
Positive
16.70
Positive
19.09
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:W2V, the sentiment is Negative. The current price of 0.07 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.05, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 16.70 is Positive, neither overbought nor oversold. The STOCH value of 19.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:W2V.
WAY 2 VAT LTD Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | AU$30.42M | 0.80 | 265.43% | 107.59% | -24.21% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | AU$66.24M | 7.80 | 17.63% | ― | 26.00% | 18.73% | |
56 Neutral | AU$381.20M | 17.61 | 8.60% | ― | 0.78% | 19.76% | |
41 Neutral | AU$40.49M | -0.40 | -165.91% | 311.00% | 35.91% | -299.12% | |
40 Neutral | AU$9.70M | -0.53 | -2419.72% | ― | 49.69% | 20.65% | |
40 Underperform | AU$10.04M | -10.00 | 147.62% | ― | -29.96% | -12.50% |
* Technology Sector Average
AU:W2V
WAY 2 VAT LTD
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-68.00%
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WAY 2 VAT LTD Corporate Events
Way 2 VAT Plans Issue of 2 Million Long-Dated Options
Oct 20, 2026
Way 2 VAT Ltd. has lodged an Appendix 3B with the ASX outlining a proposed issue of up to 2,000,000 options, each exercisable at A$0.075 and expiring on 27 November 2028. The options are to be issued as part of a placement or other type of securit...
Way 2 VAT Tightens Capital Structure as Over 512,000 Options Lapse
Oct 13, 2026
Way 2 VAT Ltd., an ASX-listed fintech and tax technology provider, offers automated VAT and indirect tax reclaim services to corporate clients seeking more efficient cross-border tax recovery and compliance. The company operates under ticker W2V a...
Way 2 VAT Plans Major Share and Option Issue to Bolster Growth
Sep 8, 2026
Way 2 VAT Ltd., an ASX-listed fintech firm specializing in VAT recovery and tax compliance solutions, operates under ticker W2V and provides digital tools that help businesses manage value-added tax more efficiently. The company serves corporate c...
Way2VAT Raises A$2.1m to Fund RBC Acquisition and Growth Push
Sep 8, 2026
Way2VAT has secured binding commitments to raise A$2.109 million through a discounted share placement, issuing about 42.18 million new shares at A$0.05 each, alongside free attaching options, to professional and sophisticated investors including t...
Way 2 Vat Requests ASX Trading Halt Ahead of Capital Raising
Sep 6, 2026
Way 2 Vat Ltd has requested a trading halt on its securities on the ASX as it prepares to announce a proposed capital raising. The halt, granted under ASX Listing Rule 17.1, will remain in place until either the planned announcement is released or...
Way2VAT Boosts Revenue, Launches AI E‑Invoicing Platform and Cuts Costs to Pursue Breakeven
Aug 30, 2026
Way2VAT reported half-year FY26 revenue of A$4.0 million, a 61% increase on the prior period, supported by organic growth and the integration of RBC, with accounts receivable of A$6.9 million largely tied to VAT claims and enterprise work. To acce...
Way2VAT Boosts Revenue and Client Base, Widens Losses Amid Investment in AI Platform
Aug 30, 2026
Way2VAT reported a 61% rise in first-half FY26 revenue to AUD 4.0 million, driven by a 29% increase in enterprise clients to 533, including those gained via the RBC acquisition. Despite this growth, the operating loss widened 76% to AUD 4.11 milli...
Way 2 VAT Says No Undisclosed News Behind Sharp Share Price Move
Aug 27, 2026
Way 2 VAT Ltd has responded to an ASX price query after its shares climbed from $0.047 to an intraday high of $0.076 on 27 August 2026. The company stated it is not aware of any undisclosed information that could explain the recent trading activit...
Way 2 VAT Launches Four-Pillar Way2Invoice Growth Strategy
Aug 5, 2026
Way 2 VAT Ltd, listed on the ASX as W2V, operates as a VAT technology provider offering a unified, AI-driven SaaS platform. Its services span global VAT and GST reclaim in more than 40 countries, real-time e-invoicing, automated invoice validation...
Way2VAT CEO to Outline AI and European Expansion Strategy in Investor Webinar
Jul 30, 2026
Way2VAT Limited has announced that Chief Executive Officer Amos Simantov will host an investor webinar on 6 August 2026 to update shareholders and analysts on the company’s operations and strategic initiatives. The session will cover the fir...
Way2VAT strengthens governance with appointment of joint company secretary
Jul 28, 2026
Way2VAT Ltd has appointed Ms Priyamvada (Pia) Rasal as Joint Company Secretary, adding her to the existing role held by Ms Emily Austin, who also continues as Communications Officer. Both Rasal and Austin will share responsibility for communicatio...
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.