Added to YB: 2026-03-26
Pitch date: 2026-01-27
FLC.AX [bullish]
Fluence Corporation Limited
-13.33%
current return
Author Info
No bio for this author
Company Info
Fluence Corporation Limited, together with its subsidiaries, provides smart water and wastewater treatment solutions for the municipal, commercial, and industrial markets worldwide.
Market Cap
AUD 59.1M
Pitch Price
AUD 0.09
Price Target
0.22 (+182%)
Dividend
N/A
EV/EBITDA
46.68
P/E
-5.94
EV/Sales
0.76
Sector
Water Utilities
Category
turnaround
Fluence Corporation Limited - $FLC.AX
FLC.AX: ASX water/wastewater treatment co at inflection post-turnaround. FY25 guide $80-95M rev, $3-5M EBITDA vs FY24 $51.5M rev, -$4M EBITDA. Gross margin 30.1% (from 27.2%), targeting 35-40%. $75.7M backlog, $50M+ recognized 2026+. Mgmt targets double-digit growth, $225M rev/$15M EBITDA by 2028. Trades 15.7x FY25 EBITDA vs peers Xylem 18.9x, H2O 11.9x. Chairman Brown (sold AquaVenture $1.2B, Ionics $1.3B) + insiders own 30.8%. 2.5x upside at current multiple.
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