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WestStar Industrial Ltd.
(Sydney:WSI)
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Rating:71Outperform
Price Target:
AU$0.08
▼(-7.78% Downside)
Action:Upgraded
Date:09/06/26
The score is led by a solid financial rebound with a low-debt balance sheet, supported by bullish technical positioning (price above key moving averages with positive MACD). Valuation is a strong positive due to the very low P/E, but the overall score is tempered by historically volatile earnings and cash-flow consistency and still-thin margins.
Positive Factors
Revenue Rebound
The 2026 revenue rebound indicates renewed demand or project activity and gives the company a larger base from which to rebuild earnings. If this scale is maintained over the next several quarters, it can support operating leverage, customer retention, and more consistent cash generation.
Negative Factors
Thin Net Margins
A net margin of roughly 2% leaves limited room for cost increases, project underperformance, or pricing pressure before earnings are materially affected. Thin profitability also restricts retained cash generation and makes sustainable returns more dependent on consistently strong execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The 2026 revenue rebound indicates renewed demand or project activity and gives the company a larger base from which to rebuild earnings. If this scale is maintained over the next several quarters, it can support operating leverage, customer retention, and more consistent cash generation.
Read all positive factors
WestStar Industrial Ltd. (WSI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$11.24M
Dividend YieldN/A
Average Volume (3M)393.69K
Price to Earnings (P/E)2.5
Beta (1Y)0.65
Revenue Growth47.19%
EPS GrowthN/A
CountryAU
Employees650
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.03
Shares Outstanding138,765,240
10 Day Avg. Volume1,172,388
30 Day Avg. Volume393,693
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.24
Price to Sales (P/S)0.04
P/FCF Ratio0.46
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
WestStar Industrial Ltd. Business Overview & Revenue Model
Company Description
WestStar Industrial Limited (WSI.AX) is an Australian industrial services provider offering a range of solutions primarily to the resource, energy, and infrastructure industries. Established in 2006 and headquartered in Naval Base, the company del...
WestStar Industrial Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
55
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 192.47M | 130.76M | 205.60M | 304.28M | 181.80M |
| Gross Profit | 22.80M | 18.94M | 24.63M | 16.82M | 18.19M |
| EBITDA | 5.88M | -3.14M | 7.72M | 5.85M | 8.58M |
| Net Income | 3.81M | -3.41M | 3.29M | 1.76M | 4.31M |
Balance Sheet | |||||
| Total Assets | 98.90M | 55.15M | 73.27M | 79.06M | 63.06M |
| Cash, Cash Equivalents and Short-Term Investments | 24.54M | 7.16M | 13.68M | 16.95M | 22.42M |
| Total Debt | 8.46M | 6.29M | 3.65M | 1.93M | 2.63M |
| Total Liabilities | 67.06M | 27.33M | 43.28M | 53.47M | 39.41M |
| Stockholders Equity | 31.84M | 27.83M | 29.98M | 25.59M | 23.65M |
Cash Flow | |||||
| Free Cash Flow | 16.56M | -9.53M | -327.96K | -6.26M | 5.36M |
| Operating Cash Flow | 16.91M | -8.85M | 510.53K | -5.23M | 6.99M |
| Investing Cash Flow | -25.41K | 1.82M | -2.04M | 1.04M | -3.41M |
| Financing Cash Flow | 0.00 | 515.00K | -911.90K | 0.00 | 3.58M |
WestStar Industrial Ltd. Technical Analysis
Positive
0.09
Price Trends
0.06
Positive
0.06
Positive
0.07
Positive
Market Momentum
<0.01
Negative
62.88
Neutral
57.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WSI, the sentiment is Positive. The current price of 0.09 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and above the 200-day MA of 0.07, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 62.88 is Neutral, neither overbought nor oversold. The STOCH value of 57.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:WSI.
WestStar Industrial Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$1.27B | 29.52 | 53.12% | 3.85% | 2.95% | 12.85% | |
71 Outperform | AU$11.24M | 2.53 | 12.64% | ― | 47.19% | ― | |
68 Neutral | AU$62.83M | 5.86 | 10.61% | 1.22% | 38.37% | -8.53% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
50 Neutral | AU$124.63M | -110.84 | -1.51% | 1.16% | 42.47% | -144.81% | |
48 Neutral | AU$57.61M | -9.66 | -260.51% | ― | 18.73% | 40.82% |
* Industrials Sector Average
AU:WSI
WestStar Industrial Ltd.
0.08
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29.31%
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0.20
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106.19%
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0.08
0.05
176.67%
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Saunders International Limited
0.92
0.16
21.05%
AU:GNG
GR Engineering Services Ltd
6.76
2.82
71.40%
WestStar Industrial Ltd. Corporate Events
WestStar explains late confirmation of surging FY26 earnings to ASX
Sep 9, 2026
WestStar Industrial Ltd., an ASX-listed Australian industrial services group based in Western Australia, generates revenue from contract projects where income is recognised under accounting standards based on the assessed stage of completion and c...
WestStar issues 10 million shares to creditors, conserving cash while confirming compliance
Aug 24, 2026
WestStar Industrial Ltd. has issued 10,000,000 fully paid ordinary shares to unrelated creditors in lieu of cash payments for consulting services, using its existing capacity under ASX Listing Rule 7.1. The shares, deemed at an average price of $0...
WestStar Industrial Seeks ASX Quotation for 10 Million New Shares
Aug 24, 2026
WestStar Industrial Ltd. has applied for quotation on the ASX of 10 million new ordinary fully paid shares, with an issue date of August 24, 2026. The securities, to be traded under the existing WSI ticker, were issued as part of previously announ...
WestStar Industrial Plans Placement of Up to 10 Million New Shares
Aug 21, 2026
WestStar Industrial Ltd. has lodged a notice with the ASX outlining a proposed placement of up to 10,000,000 ordinary fully paid shares, with an intended issue date of 24 August 2026. The new securities will be quoted on the ASX subject to the exc...
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.