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WestStar Industrial Ltd. (AU:WSI)
ASX:WSI
Australian Market
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WestStar Industrial Ltd. (WSI) AI Stock Analysis

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AU:WSI

WestStar Industrial Ltd.

(Sydney:WSI)

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Neutral 48 (OpenAI - 4o)
Rating:48Neutral
Price Target:
AU$0.00
▼(-100.00% Downside)
WestStar Industrial Ltd. faces significant financial challenges, with declining revenues and negative profitability metrics being the most impactful factors. Technical analysis shows some positive momentum, but valuation concerns persist due to a negative P/E ratio and lack of dividend yield. The absence of earnings call data and notable corporate events limits further insights.

WestStar Industrial Ltd. (WSI) vs. iShares MSCI Australia ETF (EWA)

WestStar Industrial Ltd. Business Overview & Revenue Model

Company DescriptionWestStar Industrial Ltd. (WSI) is a leading provider of integrated industrial services, specializing in the oil and gas, mining, and infrastructure sectors. The company offers a comprehensive range of services, including project management, engineering, fabrication, and maintenance solutions. With a commitment to safety and sustainability, WSI delivers high-quality services tailored to meet the unique demands of its clients, ensuring operational efficiency and reliability in their projects.
How the Company Makes MoneyWestStar Industrial Ltd. generates revenue through multiple streams including service contracts in project management and engineering, fabrication services for various industrial components, and ongoing maintenance contracts with key clients in the oil and gas, mining, and infrastructure sectors. The company often engages in long-term partnerships with major industry players, which provides a steady flow of income. Additionally, WSI benefits from cost-plus contracts and fixed-price agreements that ensure profitability while managing risks associated with project execution.

WestStar Industrial Ltd. Financial Statement Overview

Summary
WestStar Industrial Ltd. is facing significant financial challenges, with declining revenues and negative profitability metrics. The balance sheet shows moderate leverage, but the negative return on equity is a concern. Cash flow issues persist, with negative operating cash flow and reliance on non-operational cash flows.
Income Statement
45
Neutral
WestStar Industrial Ltd. has experienced a significant decline in revenue over the past year, with a revenue growth rate of -24.4% in 2025. The company also reported negative EBIT and EBITDA margins, indicating operational challenges. The gross profit margin remains relatively stable at 14.5%, but the net profit margin is negative, reflecting overall profitability issues.
Balance Sheet
55
Neutral
The company's debt-to-equity ratio is moderate at 0.23, suggesting manageable leverage. However, the return on equity is negative, indicating that the company is not generating sufficient returns on shareholder investments. The equity ratio is not provided, but the overall balance sheet shows a decrease in stockholders' equity, which could be a concern for financial stability.
Cash Flow
40
Negative
WestStar Industrial Ltd. has a negative operating cash flow, which is concerning for liquidity. The free cash flow growth rate is positive, but the free cash flow to net income ratio is above 1, indicating reliance on non-operational cash flows. The operating cash flow to net income ratio is negative, further highlighting cash flow challenges.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue130.76M130.76M205.60M304.28M181.80M71.76M
Gross Profit18.94M18.94M24.63M16.82M18.19M8.84M
EBITDA-3.14M-3.14M7.72M5.85M8.58M2.68M
Net Income-3.41M-3.41M3.29M1.76M4.31M837.48K
Balance Sheet
Total Assets55.15M55.15M73.27M79.06M63.06M46.90M
Cash, Cash Equivalents and Short-Term Investments7.16M7.16M13.68M16.95M22.42M15.35M
Total Debt6.29M6.29M3.65M1.93M2.63M3.86M
Total Liabilities27.33M27.33M43.28M53.47M39.41M32.06M
Stockholders Equity27.83M27.83M29.98M25.59M23.65M14.83M
Cash Flow
Free Cash Flow-9.53M-9.53M-327.96K-6.26M5.36M9.88M
Operating Cash Flow-8.85M-8.85M510.53K-5.23M6.99M10.14M
Investing Cash Flow1.82M1.82M-2.04M1.04M-3.41M-3.07M
Financing Cash Flow515.00K515.00K-911.90K0.003.58M-562.66K

WestStar Industrial Ltd. Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.07
Price Trends
50DMA
0.07
Positive
100DMA
0.06
Positive
200DMA
0.07
Positive
Market Momentum
MACD
<0.01
Positive
RSI
45.28
Neutral
STOCH
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WSI, the sentiment is Neutral. The current price of 0.07 is below the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.07, and above the 200-day MA of 0.07, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.28 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:WSI.

WestStar Industrial Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AU$24.40M19.613.66%-9.21%-42.37%
€32.14M8.5317.38%0.87%-8.28%89.71%
$10.79B15.437.44%2.01%2.89%-14.66%
AU$9.79M2.5887.22%12.34%-66.13%
AU$9.79M3.21-11.81%-36.40%-192.91%
AU$14.02M-1.84-90.66%-6.10%12.50%
AU$3.95M-599.49%254.91%75.86%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:WSI
WestStar Industrial Ltd.
0.07
-0.04
-36.36%
AU:EVZ
EVZ Limited
0.20
0.06
42.86%
AU:BSA
BSA Limited
0.13
-0.91
-87.50%
AU:VBC
Verbrec Ltd
0.12
>-0.01
-2.54%
AU:SOP
Synertec Corporation Limited
0.03
-0.04
-57.14%
AU:PKD
Parkd Ltd.
0.03
<0.01
50.00%

WestStar Industrial Ltd. Corporate Events

WestStar Industrial Ltd. Announces 2025 Annual General Meeting Details
Oct 23, 2025

WestStar Industrial Ltd. has announced its 2025 Annual General Meeting, scheduled for November 24, 2025, at Armada Auditing in Osborne Park, WA. The company encourages shareholders to vote by proxy to ensure an orderly meeting process, with details accessible online. This move reflects the company’s adaptation to modern communication methods, potentially enhancing shareholder engagement and operational efficiency.

WestStar’s SIMPEC Secures Major Contract at Alcoa Refinery
Sep 29, 2025

WestStar Industrial Limited’s subsidiary, SIMPEC, has secured a significant $115 million contract for the Main Procurement and Construction at Alcoa’s Pinjarra Alumina Refinery. This project aims to enhance processing capacity by converting bauxite residue into filter cake, reducing storage area requirements. The contract is a major milestone for SIMPEC, reinforcing its reputation for delivering complex industrial projects and showcasing its multidisciplinary capabilities.

WestStar Industrial Ltd. Releases 2025 Corporate Governance Statement
Sep 28, 2025

WestStar Industrial Ltd. has released its 2025 Corporate Governance Statement and Appendix 4G in compliance with ASX Listing Rules. This release underscores the company’s commitment to transparency and adherence to corporate governance standards, which is crucial for maintaining investor confidence and ensuring regulatory compliance.

WestStar Industrial Ltd. Releases 2025 Annual Report
Sep 28, 2025

WestStar Industrial Ltd. has released its Annual Report for 2025, detailing the company’s financial performance and strategic direction. The report provides insights into the company’s operations, highlighting its financial position and comprehensive income for the year. This release is significant for stakeholders as it outlines the company’s achievements and future outlook, impacting its industry positioning and operational strategy.

WestStar’s SIMPEC Secures $4 Million Contract for Lithium Project
Sep 21, 2025

WestStar Industrial Limited’s subsidiary, SIMPEC, has secured a $4 million contract to deliver structural, mechanical, and piping works at the Tianqi Lithium Hydroxide Processing operation in Kwinana, Western Australia. This project, which aims to enhance the facility’s capacity, aligns with SIMPEC’s strategy to support Australia’s energy transition and strengthens its position in the lithium and clean-energy sector. The project is expected to commence immediately and complete by Q4 2025, marking a significant milestone for SIMPEC as a trusted partner in complex industrial projects.

SIMPEC Secures $8 Million Contract for Western Harbour Tunnel Ventilation Systems
Sep 17, 2025

WestStar Industrial Limited’s subsidiary, SIMPEC, has secured an $8 million contract to supply and install mechanical packages for two ventilation systems as part of the NSW Government’s Western Harbour Tunnel project. This project is a significant infrastructure development aimed at improving transportation around Sydney by easing congestion on major routes. The contract marks a strategic expansion for SIMPEC on the east coast and reinforces its position in Australia’s infrastructure sector, promising enhanced operational capacity and stakeholder value.

WestStar Industrial Ltd. Reports Significant Financial Decline for FY 2025
Aug 29, 2025

WestStar Industrial Ltd. reported a significant decline in its financial performance for the fiscal year ending June 30, 2025. The company’s revenues fell by 36.4% to $130.758 million, and it recorded a substantial net loss of $3.415 million, marking a 203.7% decrease from the previous year. No dividends were declared for the period, highlighting the financial challenges faced by the company.

WestStar’s SIMPEC Secures $11M Contract with Tianqi Lithium
Aug 6, 2025

WestStar Industrial Limited’s subsidiary, SIMPEC, has secured an $11 million contract for a project at Tianqi Lithium’s Kwinana Lithium-Hydroxide Processing operation in Western Australia. This project aims to enhance the facility’s capacity and aligns with SIMPEC’s strategy to support Australia’s energy transition, reinforcing its position in the lithium sector and showcasing its capability in executing complex industrial projects.

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 29, 2025