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AoFrio Limited
(AOF)
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Rating:41Neutral
Price Target:
$0.05
Action:N/A
Date:10/05/26
The score is weighed down primarily by weak financial performance (declining revenue, negative gross margin, and recurring losses with rising leverage) and bearish technicals (price below key moving averages, negative MACD, very low RSI). Improved 2025 free cash flow provides some support, but the negative P/E and lack of dividend data limit valuation attractiveness.
Positive Factors
IoT Growth and Margin Recovery
IoT growth is helping AoFrio offset weakness in motors while improving group economics. The combination of higher connected-device revenue and a 34.9% interim gross margin supports the company’s strategic shift toward more scalable, technology-led commercial refrigeration solutions.
Negative Factors
Sharp Revenue Decline
The substantial revenue decline shows that the motor business remains exposed to tariff effects, customer localization, and lower-cost specifications. Management does not expect full-year revenue to exceed 2025, creating a material near-term drag while the newer IoT and software businesses scale.
Read all positive and negative factors
Positive Factors
Negative Factors
IoT Growth and Margin Recovery
IoT growth is helping AoFrio offset weakness in motors while improving group economics. The combination of higher connected-device revenue and a 34.9% interim gross margin supports the company’s strategic shift toward more scalable, technology-led commercial refrigeration solutions.
Read all positive factors
AoFrio Limited (AOF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$29.82M
Dividend YieldN/A
Average Volume (3M)98.93K
Price to Earnings (P/E)―
Beta (1Y)0.44
Revenue Growth-12.39%
EPS Growth8.33%
CountryNZ
Employees149
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding562,618,840
10 Day Avg. Volume72,327
30 Day Avg. Volume98,931
Financial Highlights & Ratios
PEG Ratio-2.11
Price to Book (P/B)2.51
Price to Sales (P/S)0.48
P/FCF Ratio14.65
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)>-0.01
Revenue Forecast (FY)$79.80M
AoFrio Limited Business Overview & Revenue Model
Company Description
AoFrio Limited, together with its subsidiaries, provides internet of things (IoT) solutions, electronically commutated (EC) motors, and fans worldwide. The company AoFrio iQ, an end-to-end solution for transforming your cold drink equipment fleet ...
AoFrio Limited Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
45
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 73.92M | 83.19M | 79.69M | 66.55M | 74.32M | 64.22M |
| Gross Profit | 21.78M | -791.00K | 23.22M | 19.99M | 20.59M | 17.87M |
| EBITDA | 2.97M | 2.88M | 2.56M | 775.00K | 1.68M | 2.24M |
| Net Income | -2.43M | -2.09M | -1.88M | -3.53M | 3.26M | 5.42M |
Balance Sheet | ||||||
| Total Assets | 73.08M | 70.77M | 67.17M | 58.60M | 63.13M | 48.79M |
| Cash, Cash Equivalents and Short-Term Investments | 3.59M | 1.34M | 2.09M | 3.29M | 2.84M | 5.95M |
| Total Debt | 12.96M | 13.95M | 8.84M | 9.38M | 3.92M | 2.00M |
| Total Liabilities | 50.13M | 54.89M | 49.86M | 39.06M | 39.35M | 28.51M |
| Stockholders Equity | 22.95M | 15.87M | 17.31M | 19.54M | 23.78M | 20.29M |
Cash Flow | ||||||
| Free Cash Flow | 2.94M | 2.72M | -140.00K | 2.92M | -6.21M | 1.72M |
| Operating Cash Flow | 3.88M | 3.82M | 5.76M | 3.95M | -4.36M | 3.95M |
| Investing Cash Flow | -9.67M | -9.08M | -5.90M | -4.33M | -1.81M | -2.22M |
| Financing Cash Flow | 7.43M | 4.52M | -1.05M | 962.00K | 2.46M | -48.00K |
AoFrio Limited Technical Analysis
Negative
―
Price Trends
0.06
Negative
0.07
Negative
0.08
Negative
Market Momentum
>-0.01
Positive
19.56
Positive
-16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NZ:AOF, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 0.06, equal to the 50-day MA of 0.06, and equal to the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 19.56 is Positive, neither overbought nor oversold. The STOCH value of -16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NZ:AOF.
AoFrio Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $217.66M | 5.39 | ― | 12.44% | 0.48% | 38.02% | |
69 Neutral | $974.75M | 11.21 | ― | 4.09% | 100.12% | 60.22% | |
68 Neutral | $732.53M | 26.43 | ― | 4.25% | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | $268.37M | 22.18 | ― | 6.67% | -17.18% | 196.29% | |
41 Neutral | $29.82M | -9.82 | ― | ― | -12.39% | 8.33% |
* General Sector Average
NZ:AOF
AoFrio Limited
0.05
-0.03
-38.37%
NZ:SCL
Scales Corp. Ltd.
6.50
0.94
16.89%
NZ:SEK
Seeka Limited
5.22
1.29
32.89%
NZ:FCG
Fonterra Co-operative Group Limited
4.78
-0.26
-5.22%
NZ:TGG
T&G Global Limited
2.22
0.17
8.29%
NZ:NPH
Napier Port Holdings Ltd
3.70
0.59
18.93%
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.