VYSARN LIMITED (VYS)
Share Price Analysis and Chart

27/08/2026

1

Buy

$1.40

29.63%

Morgans maintains its Buy rating for Vysarn with a $1.40 target price following an FY26 result containing few surprises after pre-releases in late July.

Operational performance featured a net profit after tax of $15.1m beating forecasts on a lower tax charge, alongside positive momentum across the Advisory, Industrial, and Technology divisions.

The analyst highlights that the business model is transitioning into a multi-jurisdictional, vertically integrated water operator supported by successful non-binding expressions of interest for the Kariyarra Water Scheme.

FORECAST
Morgans forecasts a full year FY27 dividend of 0.00 cents and EPS of 4.00 cents.
Morgans forecasts a full year FY28 dividend of 0.00 cents and EPS of 4.60 cents.

28/08/2026

1

Buy

$1.43

32.41%

Canaccord Genuity maintains a Buy rating for Vysarn with its target price decreased to $1.43 from $1.44 following an FY26 result featuring a 32% revenue increase to $140m.

Profit before tax grew 39% to $20.9m and EBITDA rose 40% to $28.9m, alongside a –13% decline in operating cash flow driven by higher working capital requirements.

The analyst notes all segments offer significant growth potential in FY27, supported by strong demand, fleet expansion, and increased tender activity.

The broker sees sustained longer-term demand for sustainable water management services, positioning the business to capture further market share.

Earnings forecasts remain largely unchanged, with the revised valuation incorporating $1.34 per share for the operating business and 9c per share for asset management.