Flc.Ax
FLC.AX operates in the Water & Related Utilities industry, providing essential utility services, primarily in the water sector.
Business. FLC.AX operates in the Water & Related Utilities industry, providing essential utility services, primarily in the water sector.
Analyst recommendations
1 analysts · consensus HoldAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
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Upcoming catalysts
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
FLC.AX operates in the Water & Related Utilities industry, providing essential utility services, primarily in the water sector.
FLC.AX has a negative equity position of -$8.01 million, indicating a significant leverage burden, and a debt-to-equity ratio of -2.39, which is highly unusual and suggests a capital structure dominated by liabilities. Despite this, the company maintains a cash and equivalents position of $16.64 million, which partially offsets the $19.13 million in long-term debt, resulting in a net cash position of -$2.49 million. The liquidity risk is rated as medium, and the current ratio of 0.81 indicates that the company may struggle to meet short-term obligations.
Profitability metrics are mixed. The company reported a gross profit of $23.17 million, but this was not sufficient to cover operating expenses, resulting in an operating loss of $4.27 million and a net loss of $8.08 million. The return on equity is positive at 1.01, but the return on assets is negative at -0.12, indicating that the company is not generating returns from its asset base.
The company's revenue is concentrated in a single business segment, as disclosed in its financials, with no geographic diversification provided in the available data. This lack of diversification may expose the company to higher operational and regulatory risks.
Looking ahead, the company is expected to face continued financial pressure, with no clear signs of improvement in the near term. The operating cash flow of $10.88 million is a positive sign, but the free cash flow is negative at -$7.75 million, and capital expenditures of -$1.23 million suggest ongoing investment in infrastructure.
The risk assessment highlights liquidity concerns, with a medium risk rating. The dilution risk is low, and no significant dilution events are expected in the near term. However, the negative net cash position after subtracting total debt is a key flag that warrants monitoring.
Recent filings and transcripts do not indicate any major strategic shifts or operational changes. The company's financial performance remains a concern, and the lack of analyst price targets or buy recommendations suggests limited investor confidence.
- FLC.AX is operating at a net loss with a negative return on assets, indicating poor asset utilization.
- The company has a negative equity position and a high debt-to-equity ratio, suggesting a capital structure heavily reliant on debt.
- Despite a positive operating cash flow, the company's free cash flow is negative, indicating insufficient cash to fund operations and growth.
- The company's liquidity risk is rated as medium, and the current ratio is below 1, signaling potential short-term solvency issues.
- Analysts have not provided any strong buy or buy recommendations, and the mean price target is at $0.11, indicating limited upside potential.
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,00 |
| Revenue | —no estimate | —no estimate | 88,6M USD |
| Operating income | —no estimate | —no estimate | 4,1M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
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- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- FLC.AX Market data — financials · 2026-05-27
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