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White Energy Company Limited
(Sydney:WEC)
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Rating:44Neutral
Price Target:
AU$0.28
▲(40.50% Upside)
Action:Reiterated
Date:10/02/26
The score is held down primarily by very weak financial performance (zero/declining revenue, persistent losses, negative equity, and ongoing cash burn). Technicals are moderately supportive with a generally upward longer-term trend and neutral momentum, but valuation remains unattractive/unclear due to continued unprofitability and no dividend data.
Positive Factors
Debt reduction
The reduction in total debt provides some improvement in financial risk despite the company’s broader balance-sheet stress. Lower borrowings can reduce refinancing pressure and interest obligations, potentially preserving more flexibility while management addresses the weak operating position.
Negative Factors
Negative shareholders’ equity
Persistently negative equity is a major solvency warning because reported liabilities exceed the asset base available to support them. This weak capitalization limits financial flexibility, increases dependence on funding actions, and leaves less protection against further operating deterioration.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt reduction
The reduction in total debt provides some improvement in financial risk despite the company’s broader balance-sheet stress. Lower borrowings can reduce refinancing pressure and interest obligations, potentially preserving more flexibility while management addresses the weak operating position.
Read all positive factors
White Energy Company Limited (WEC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$232.92M
Dividend YieldN/A
Average Volume (3M)466.46K
Price to Earnings (P/E)―
Beta (1Y)0.39
Revenue GrowthN/A
EPS Growth90.79%
CountryAU
Employees75
SectorEnergy
Sector Strength52
IndustryCoal
Share Statistics
EPS (TTM)-0.01
Shares Outstanding776,394,100
10 Day Avg. Volume126,288
30 Day Avg. Volume466,460
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)-36.10
Price to Sales (P/S)0.00
P/FCF Ratio-20.98
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
White Energy Company Limited Business Overview & Revenue Model
Company Description
White Energy Company Limited, established in 1995 and based in Brisbane, Australia, is a global enterprise active in coal technology, mining, and exploration. The company maintains an international footprint across Australia, Indonesia, China, Sin...
White Energy Company Limited Financial Statement Overview
Summary
Income Statement
10
Very Negative
Balance Sheet
6
Very Negative
Cash Flow
12
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 82.00K | 89.00K | 106.00K | 90.00K |
| Gross Profit | -66.00K | 30.00K | 64.00K | -1.98M | 71.00K |
| EBITDA | -4.05M | -3.23M | -1.75M | -4.12M | -3.88M |
| Net Income | -3.95M | -23.92M | -6.23M | -6.21M | -5.80M |
Balance Sheet | |||||
| Total Assets | 14.93M | 12.92M | 13.27M | 10.20M | 11.71M |
| Cash, Cash Equivalents and Short-Term Investments | 1.14M | 3.15M | 5.64M | 772.00K | 434.00K |
| Total Debt | 12.70M | 55.55M | 51.87M | 33.85M | 48.58M |
| Total Liabilities | 25.96M | 56.69M | 54.29M | 54.07M | 50.39M |
| Stockholders Equity | -1.95M | -1.69M | -2.51M | -4.97M | -3.34M |
Cash Flow | |||||
| Free Cash Flow | -3.36M | -4.59M | -5.13M | -3.95M | -3.04M |
| Operating Cash Flow | -3.36M | -2.26M | -3.64M | -3.81M | -2.90M |
| Investing Cash Flow | -3.00M | -2.10M | -1.49M | -436.00K | 903.00K |
| Financing Cash Flow | 3.69M | 3.77M | 7.99M | 4.58M | 182.00K |
White Energy Company Limited Technical Analysis
Positive
0.20
Price Trends
0.24
Positive
0.20
Positive
0.12
Positive
Market Momentum
0.02
Positive
60.95
Neutral
20.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WEC, the sentiment is Positive. The current price of 0.2 is below the 20-day moving average (MA) of 0.30, below the 50-day MA of 0.24, and above the 200-day MA of 0.12, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 60.95 is Neutral, neither overbought nor oversold. The STOCH value of 20.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:WEC.
White Energy Company Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Neutral | AU$2.33B | -40.40 | -2.42% | 4.51% | -6.27% | -1593.02% | |
68 Neutral | AU$7.54B | 25.62 | 3.26% | 3.36% | -1.15% | -69.35% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | AU$6.19B | 16.03 | 6.64% | 1.32% | -7.39% | -39.72% | |
62 Neutral | AU$4.92B | 29.99 | 6.17% | 7.72% | 0.19% | -63.33% | |
47 Neutral | AU$285.00M | -0.29 | -135.56% | 2.97% | -7.35% | -115.78% | |
44 Neutral | AU$232.92M | -28.57 | 367.01% | ― | ― | 90.79% |
* Energy Sector Average
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White Energy Company Limited Corporate Events
White Energy to Acquire South Galilee Coal Project in Queensland
Oct 2, 2026
White Energy Company Limited has agreed to acquire the South Galilee Coal Project from the AMCI Group, securing a proposed open cut and underground thermal coal mine near Alpha in Queensland that already holds Commonwealth environmental approval. ...
White Energy Shares Halted Ahead of Proposed Material Acquisition
Oct 1, 2026
White Energy Company Limited has requested a trading halt on its ordinary shares on the Australian Securities Exchange as it prepares to announce a proposed material acquisition. The halt, granted under ASX Listing Rule 17.1, is intended to help t...
White Energy boosts share capital through exercise of long-term incentive options
Sep 30, 2026
White Energy Company Limited has issued 1,600,000 fully paid ordinary shares at $0.04 per share following the exercise of vested options under its long-term incentive plan. The issuance was conducted without a prospectus under the Corporations Act...
White Energy Seeks ASX Quotation for 1.6 Million New Shares
Sep 30, 2026
White Energy Company Limited has lodged an application with the ASX for quotation of 1,600,000 additional ordinary fully paid shares. The new securities, issued on 30 September 2026, arise from the exercise or conversion of existing options or oth...
White Energy Discloses Director Vince O’Rourke’s Departure and Shareholding
Sep 29, 2026
White Energy Company Limited has announced that director Vince O’Rourke ceased to be a member of the board on 28 September 2026. The company disclosed that O’Rourke holds 1,845,481 ordinary shares as a registered holder and has no addi...
White Energy reshapes board, appoints veteran mining executive
Sep 28, 2026
White Energy Company Limited has refreshed its board and committee structures following approval of its 2026 financial and governance reports. Long-serving non-executive director Vince O’Rourke has retired after contributing significantly, i...
White Energy pivots BCB coal technology into new agency and licensing agreements
Sep 28, 2026
White Energy reported that its principal activities for the year to 30 June 2026 remained the development and exploitation of its BCB coal upgrading technology and the evaluation of mining exploration assets. No dividends were declared for the yea...
White Energy lodges FY2026 governance statement and Appendix 4G
Sep 28, 2026
White Energy Company Limited has released its FY2026 Corporate Governance Statement and Appendix 4G to the Australian Securities Exchange, underscoring its compliance and disclosure framework for the period. The release, authorised by the board, s...
White Energy sets key dates for 2026 AGM and director nominations
Sep 17, 2026
White Energy Company Limited has scheduled its 2026 Annual General Meeting for Friday, 27 November 2026, with detailed arrangements to be confirmed closer to the date. In line with applicable listing rules and the company’s constitution, nom...
White Energy appoints Nathan Tinkler as director with major share exposure
Sep 14, 2026
White Energy Company Limited has appointed Nathan Leslie Tinkler as a director effective 11 September 2026, according to an initial director’s interest notice lodged with the ASX. Tinkler holds an indirect interest in 45,833,333 fully paid o...
White Energy Completes EGR Acquisition Issuance and Capital Raising
Sep 11, 2026
White Energy Company Limited has issued 83,333,333 fully paid ordinary shares as consideration for the EGR Acquisition, following prior announcements and shareholder approval at its August 28 general meeting. The company has also issued 4,166,666 ...
White Energy Seeks ASX Quotation for 4.17 Million New Shares
Sep 11, 2026
White Energy Company Limited, trading on the ASX as WEC, is an energy-sector company whose ordinary fully paid shares provide investors with listed exposure to its operations. The company is active in Australia’s public markets, using ASX qu...
White Energy Seeks ASX Quotation for 83 Million New Shares
Sep 11, 2026
White Energy Company Limited has lodged a new application with the ASX for quotation of 83,333,333 ordinary fully paid shares under the ticker WEC. The securities, issued on September 11, 2026, form part of transactions previously disclosed, marki...
White Energy Completes Coal Asset Acquisitions and Raises $15m Placement
Sep 11, 2026
White Energy Company Limited has completed the acquisition of Essential Global Resources LLC in the U.S. and Oceltip Coal 2 Pty Ltd, which holds the Tin Hut Creek coal project in the Surat Basin. The EGR deal was settled via the issue of 83,333,33...
White Energy Issues 50 Million Unquoted Options Across Multiple Strikes
Sep 2, 2026
White Energy Company Limited notified the market of the issuance of several new classes of unquoted options, all expiring on 2 September 2029. The options carry staggered exercise prices of $0.10, $0.20, $0.30, $0.50 and $1.00, with 10 million opt...
White Energy Raises Capital Through Share Issue to Fund Resource Exploration
Sep 2, 2026
White Energy Company Limited has issued 245,833,334 fully paid ordinary shares at $0.06 per share as part of a previously announced capital raising that received shareholder approval at an August general meeting. The issuance was conducted without...
White Energy Seeks ASX Quotation for 245.8 Million New Shares
Sep 2, 2026
White Energy Company Limited has applied for quotation of 245,833,334 ordinary fully paid shares on the Australian Securities Exchange, under its existing issuer code WEC. The application, lodged as a new announcement dated 2 September 2026, forma...
White Energy Plans Large Share Placement to Boost Capital
Aug 31, 2026
White Energy Company Limited, an ASX-listed energy company focused on coal and related energy projects, raises capital through share issuances to fund its operations and corporate development. The company targets investors on the Australian Securi...
White Energy Signs Deals for U.S. and Surat Basin Coal Assets Backed by A$15m Raise
Aug 31, 2026
White Energy has signed binding agreements to acquire Essential Global Resources LLC, owner of the Lolley No. 1 underground metallurgical coal project in Alabama, and Oceltip Coal 2 Pty Ltd, which is in the process of acquiring the Tin Hut Creek c...
White Energy Wins Strong Shareholder Backing for Capital and Incentive Resolutions
Aug 28, 2026
White Energy Company Limited reported that all resolutions put to shareholders at its 28 August 2026 general meeting were passed by poll. The approvals cover a capital raise share issue, consideration shares to an EGR vendor, broker options, a loa...
White Energy Seeks Trading Halt Ahead of Major Coal Asset Acquisition
Aug 28, 2026
White Energy Company Limited, listed on the ASX under ticker WEC and on the OTC market as WECFF, operates in the coal and energy sector. The company is focused on expanding its portfolio through acquisitions of coal assets, including U.S. metallur...
White Energy flags strong multi-metal soil anomalies at NT Tindal project
Jul 30, 2026
White Energy has reported strong multi-element soil anomalies across the Manbulloo work area of its Tindal project in the Northern Territory, covering a 2,400km² zone along the Mallapunyah fault. Copper, zinc, nickel, gold, silver and rare ea...
White Energy Sets Date and Dispatch Plan for 2026 General Meeting
Jul 22, 2026
White Energy Company Limited has announced details of its upcoming General Meeting, scheduled for 11:00 a.m. Sydney time on Friday, 28 August 2026. The company has prepared a shareholder access letter, notice of meeting and proxy form to facilitat...
White Energy Clears ASX Listing Rule Hurdle for Coal Asset Acquisition
Jul 8, 2026
White Energy Company Limited has confirmed that its proposed acquisition of U.S. metallurgical coal and Surat Basin coal assets via Essential Global Resources and Oceltip Coal 2 Pty Ltd will not trigger Chapter 11 change-of-activity provisions und...
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.