FLUENCE CORPORATION LIMITED (FLC)
Share Price Analysis and Chart

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FLC - FLUENCE CORPORATION LIMITED

FNArena Sector : Industrial Sector Contractors & Engineers

Year End: December

GICS Industry Group : Capital Goods

Debt/EBITDA: -4.42

Index:

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$0.089 29 Apr 2026	-0.001 OPEN $0.09	-1.11% HIGH $0.09	116,538 LOW $0.09

LAST PRICE

CHANGE +/-

CHANGE %

VOLUME

$0.089

29 Apr
2026

-0.001

OPEN

$0.09

-1.11%

HIGH

$0.09

116,538

LOW

$0.09

TARGET

$0.11

23.6% upside

OTHER COMPANIES IN THE SAME SECTOR
3DA . ALQ . AVD . BOL . BSA . BWN . CG1 . CLG . CVL . CWY . CXL . DOW . DUR . EGL . IPG . LBL . MAD . MPW . PPK . RWL . SDV . SHA . SND . SSM . SYL . VBC . VEE . VNT . VYS .

FNARENA'S MARKET CONSENSUS FORECASTS

12 Month Avg FX Values

Present FX Values

Original Currency

Title	FY26 Forecast	FY27 Forecast
EPS (cps)	0.0	xxx
DPS (cps)	0.0	xxx
EPS Growth	N/A	xxx
DPS Growth	N/A	xxx
PE Ratio	N/A	xxx
Dividend Yield	0.0%	xxx
Div Pay Ratio(%)	N/A	xxx

Title	FY24 Actual	FY25 Actual	FY26 Forecast	FY27 Forecast
EPS (cps)	xxx	N/A	0.0	xxx
DPS (cps)	xxx	N/A	0.0	xxx
EPS Growth	xxx	N/A	N/A	xxx
DPS Growth	xxx	N/A	N/A	xxx
Div Pay Ratio(%)	xxx	N/A	N/A	xxx

This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: N/A

HISTORICAL DATA ARE ALL IN AUD

Copyright © 2026 FactSet UK Limited. All rights reserved

Title	2020	2021	2022	2023	2024	2025
EPS Basic	xxx	xxx	xxx	xxx	xxx	-1.2
DPS All	xxx	xxx	xxx	xxx	xxx	0.0
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	117.2 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	-1.1
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	16.9 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	-10.78 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title	2020	2021	2022	2023	2024	2025
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	-
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	-275.45 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	-11.46 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	-
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	-49.89 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	15.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title	2020	2021	2022	2023	2024	2025
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	28 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	1 M
Total Debt	xxx	xxx	xxx	xxx	xxx	29 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	-
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	25 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	-

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title	2020	2021	2022	2023	2024	2025
Capex	xxx	xxx	xxx	xxx	xxx	1.9 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	1.62 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	88 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	38 M
Research & Development	xxx	xxx	xxx	xxx	xxx	2 M
Investments - Total	xxx	xxx	xxx	xxx	xxx	0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Bell Potter	13/04/2026	3	Speculative Hold	$0.11	23.60%	Under new analyst coverage at Bell Potter, the target for Fluence rises to 11c from 8.5c and the rating remains Speculative Hold. The broker's investment case is centred on a transition from lower-margin custom-engineered solutions to higher-margin smart product solutions and recurring revenue. Favourable environmental tailwinds and the company's proprietary membrane aerated biofilm reactor (MABR) technology are seen as supporting these positives. It's felt the company’s installed base of more than 1,000 systems provides scope for higher-margin recurring revenue through operations, maintenance and aftermarket services. Fluence’s strategic shift, initiated in 2020, is nearing completion, the broker highlights, with the final legacy Ivory Coast contract due to be completed in 3QFY26. FORECAST Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.00 cents. Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.15 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Bell Potter

13/04/2026

Speculative Hold

$0.11

23.60%

Under new analyst coverage at Bell Potter, the target for Fluence rises to 11c from 8.5c and the rating remains Speculative Hold.

The broker's investment case is centred on a transition from lower-margin custom-engineered solutions to higher-margin smart product solutions and recurring revenue.

Favourable environmental tailwinds and the company's proprietary membrane aerated biofilm reactor (MABR) technology are seen as supporting these positives.

It's felt the company’s installed base of more than 1,000 systems provides scope for higher-margin recurring revenue through operations, maintenance and aftermarket services.

Fluence’s strategic shift, initiated in 2020, is nearing completion, the broker highlights, with the final legacy Ivory Coast contract due to be completed in 3QFY26.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.00 cents.
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.15 cents.

Access Stockbroker Research History >

EXTRA COVERAGE

Display All Commentary

No. Of Recommendations

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Research as a Service (RaaS)	11/03/2026	-1	No Rating		23.60%	Fluence delivered a 2025 full year result in line with previous updates. Research as a Service (RaaS) notes successful delivery of the IVC Addendum project was the most material financial driver of revenue and adjusted EBITDA that were ahead of forecasts. This was complemented by ongoing success in the strategically important SPS revenue segment, which grew 15.2%. The broker believes the business is well-positioned for further growth although no numerical guidance was provided. The backlog of the contracted order book sits at US$75m, US$54m of which is expected to be recognised in FY26. Valluation is steady at $0.18. Research as a Service (RaaS) research doesn't carry any targets, ratings or recommendations. Investors can draw conclusions from valuations and commentary. FORECAST Research as a Service (RaaS) forecasts a full year FY26 EPS of 50.89 cents. Research as a Service (RaaS) forecasts a full year FY27 EPS of 104.78 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Research as a Service (RaaS)

11/03/2026

-1

No Rating

23.60%

Fluence delivered a 2025 full year result in line with previous updates. Research as a Service (RaaS) notes successful delivery of the IVC Addendum project was the most material financial driver of revenue and adjusted EBITDA that were ahead of forecasts.

This was complemented by ongoing success in the strategically important SPS revenue segment, which grew 15.2%. The broker believes the business is well-positioned for further growth although no numerical guidance was provided.

The backlog of the contracted order book sits at US$75m, US$54m of which is expected to be recognised in FY26. Valluation is steady at $0.18.

Research as a Service (RaaS) research doesn't carry any targets, ratings or recommendations. Investors can draw conclusions from valuations and commentary.

FORECAST
Research as a Service (RaaS) forecasts a full year FY26 EPS of 50.89 cents.
Research as a Service (RaaS) forecasts a full year FY27 EPS of 104.78 cents.

Access Extra Coverage Research History >

FLC STOCK CHART

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Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
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FLUENCE CORPORATION LIMITED (FLC)
Share Price Analysis and Chart