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Updated 1m ago
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Fluence Corporation LimitedASX:FLC Stock Report

Market Cap AU$88.2m
Updated 1m ago
Share Price
n/a
1Y37.5%
7D5.5%
1D-2.5%
Portfolio Value
​
View

Fluence Corporation Limited

ASX:FLC Stock Report

Market Cap: AU$88.2m

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Fluence (FLC) Stock Overview

Provides smart water and wastewater treatment solutions for the municipal, commercial, and industrial markets worldwide. More details

FLC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health1/6
Dividends0/6

Rewards

Earnings are forecast to grow 93.78% per year

Earnings have grown 3.1% per year over the past 5 years

Trading at good value compared to peers and industry

Risk Analysis

Negative shareholders equity

Does not have a meaningful market cap (A$88M)


FLC Community Fair Values

Create Narrative

See what 6 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
5.2k% overvalued intrinsic discount
AnalystConsensusTarget
•2mo ago

Water Scarcity Trends And US Manufacturing Will Test Future Outlook

63
0
3
AN
AnalystHighTarget
4.2k% overvalued intrinsic discount
AnalystHighTarget
•5mo ago

AI Driven Water Demand And Recurring Revenue Will Support Long Term Earnings Expansion

14
0
0
AN
AnalystLowTarget
6.9k% overvalued intrinsic discount
AnalystLowTarget
•4mo ago

Ivory Coast Project Completion Will Expose Weaknesses In Long Duration Water Revenue

20
0
0

Top Analyst Narratives

AN
AnalystConsensusTarget
5.2k% overvalued intrinsic discount
AnalystConsensusTarget
•2mo ago

Water Scarcity Trends And US Manufacturing Will Test Future Outlook

63
0
3
AN
AnalystHighTarget
4.2k% overvalued intrinsic discount
AnalystHighTarget
•5mo ago

AI Driven Water Demand And Recurring Revenue Will Support Long Term Earnings Expansion

14
0
0
AN
AnalystLowTarget
6.9k% overvalued intrinsic discount
AnalystLowTarget
•4mo ago

Ivory Coast Project Completion Will Expose Weaknesses In Long Duration Water Revenue

20
0
0
View all narratives

Fluence Corporation Limited Competitors

Rivco Australia

Symbol: ASX:RIV
Market cap: AU$184.8m

De.mem

Symbol: ASX:DEM
Market cap: AU$37.6m

TPC Consolidated

Symbol: ASX:TPC
Market cap: AU$50.4m

Janus Electric Holdings

Symbol: ASX:JNS
Market cap: AU$116.6m

Price History & Performance

Summary of share price highs, lows and changes for Fluence
Historical stock prices
Current Share PriceAU$0.077
52 Week HighAU$0.15
52 Week LowAU$0.057
Beta0.030
1 Month Change16.67%
3 Month Change1.32%
1 Year Change37.50%
3 Year Change-48.67%
5 Year Change-61.50%
Change since IPO-61.50%

Recent News & Updates

User avatar
Narrative Update • Jun 24

FLC: Unchanged Fair Value And Margin Outlook Will Restrain 2026 Upside

Analysts have kept their fair value and key assumptions for Fluence broadly unchanged, leading to a modest adjustment in the implied future P/E multiple. This flows through to a slightly refined A$ price target rather than a major reset in expectations.
User avatar
Narrative Update • Jun 07

FLC: Higher Future P/E Assumptions Will Constrain Returns Despite 2026 Guidance

Analysts have nudged their price target on Fluence slightly higher, reflecting small adjustments to fair value estimates, the discount rate and long term P/E assumptions rather than a major shift in the story. What's in the News Fluence issued revenue guidance for 2026, indicating expectations for double-digit revenue growth, driven by SPS and recurring revenue segments across its core markets.
User avatar
New Narrative • Apr 27

Ivory Coast Project Completion Will Expose Weaknesses In Long Duration Water Revenue

Catalysts About Fluence Fluence provides water and wastewater treatment solutions with a focus on standardized product systems and recurring service models. What are the underlying business or industry changes driving this perspective?

Recent updates

User avatar
Narrative Update • Jun 24

FLC: Unchanged Fair Value And Margin Outlook Will Restrain 2026 Upside

Analysts have kept their fair value and key assumptions for Fluence broadly unchanged, leading to a modest adjustment in the implied future P/E multiple. This flows through to a slightly refined A$ price target rather than a major reset in expectations.
User avatar
Narrative Update • Jun 07

FLC: Higher Future P/E Assumptions Will Constrain Returns Despite 2026 Guidance

Analysts have nudged their price target on Fluence slightly higher, reflecting small adjustments to fair value estimates, the discount rate and long term P/E assumptions rather than a major shift in the story. What's in the News Fluence issued revenue guidance for 2026, indicating expectations for double-digit revenue growth, driven by SPS and recurring revenue segments across its core markets.
User avatar
New Narrative • Apr 27

Ivory Coast Project Completion Will Expose Weaknesses In Long Duration Water Revenue

Catalysts About Fluence Fluence provides water and wastewater treatment solutions with a focus on standardized product systems and recurring service models. What are the underlying business or industry changes driving this perspective?
User avatar
Narrative Update • Apr 27

FLC: Higher Future P/E Assumptions Will Limit Prospective Share Upside

Analysts have raised their price target on Fluence to A$0.37 from A$0.36, reflecting a slightly higher assumed future P/E multiple while leaving fair value, discount rate, revenue growth and profit margin assumptions effectively unchanged. What's in the News Fluence issued earnings guidance for fiscal 2026, indicating it expects double digit revenue growth for the year, even with a significant reduction in revenue from the Ivory Coast Addendum project, supported by the SPS and Recurring Revenue segments in its core markets (company guidance).
User avatar
Narrative Update • Apr 13

FLC: Higher Discount Rate And Margin Pressure Will Constrain Future Upside

Analysts have trimmed their price target on Fluence by A$0.00, citing updated assumptions that include slightly higher discount rates, more cautious revenue growth, lower profit margin expectations, and a higher future P/E multiple. What's in the News Fluence issued earnings guidance for fiscal 2026, giving investors a clearer view of management's current expectations for the business (Corporate Guidance).
User avatar
New Narrative • Apr 12

AI Driven Water Demand And Recurring Revenue Will Support Long Term Earnings Expansion

Catalysts About Fluence Fluence provides water and wastewater treatment solutions and related services across multiple global markets. What are the underlying business or industry changes driving this perspective?
Analysis Article • Oct 07

The Market Lifts Fluence Corporation Limited (ASX:FLC) Shares 27% But It Can Do More

Despite an already strong run, Fluence Corporation Limited ( ASX:FLC ) shares have been powering on, with a gain of 27...
Analysis Article • Jul 14

Fluence Corporation Limited (ASX:FLC) Soars 31% But It's A Story Of Risk Vs Reward

Fluence Corporation Limited ( ASX:FLC ) shares have had a really impressive month, gaining 31% after a shaky period...
Analysis Article • May 20

Investors Give Fluence Corporation Limited (ASX:FLC) Shares A 30% Hiding

Unfortunately for some shareholders, the Fluence Corporation Limited ( ASX:FLC ) share price has dived 30% in the last...
User avatar
New Narrative • May 02

US Water Projects Will Face Tariffs, Delays And Experience Recovery

Tariffs and trade uncertainties threaten project execution, impacting revenue and net margins due to increased operational costs and potential production shifts.
Analysis Article • Apr 03

Fluence Corporation Limited (ASX:FLC) Might Not Be As Mispriced As It Looks After Plunging 25%

Unfortunately for some shareholders, the Fluence Corporation Limited ( ASX:FLC ) share price has dived 25% in the last...
Analysis Article • Nov 04

Slammed 26% Fluence Corporation Limited (ASX:FLC) Screens Well Here But There Might Be A Catch

Fluence Corporation Limited ( ASX:FLC ) shareholders that were waiting for something to happen have been dealt a blow...
Analysis Article • Oct 30

Fluence (ASX:FLC) Is Carrying A Fair Bit Of Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Aug 30

Market Cool On Fluence Corporation Limited's (ASX:FLC) Revenues

Fluence Corporation Limited's ( ASX:FLC ) price-to-sales (or "P/S") ratio of 1x might make it look like a buy right now...
Analysis Article • May 07

Fluence Corporation Limited's (ASX:FLC) Shares Not Telling The Full Story

Fluence Corporation Limited's ( ASX:FLC ) price-to-sales (or "P/S") ratio of 1.5x might make it look like a buy right...
Analysis Article • Mar 15

Is Fluence (ASX:FLC) Using Debt In A Risky Way?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Jan 17

Fluence Corporation Limited (ASX:FLC) Soars 53% But It's A Story Of Risk Vs Reward

Those holding Fluence Corporation Limited ( ASX:FLC ) shares would be relieved that the share price has rebounded 53...
Analysis Article • Jun 22

Fluence Corporation Limited (ASX:FLC) Screens Well But There Might Be A Catch

You may think that with a price-to-sales (or "P/S") ratio of 0.6x Fluence Corporation Limited ( ASX:FLC ) is a stock...
Analysis Article • Nov 02

Is Fluence (ASX:FLC) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Nov 25

Is Fluence (ASX:FLC) Using Debt Sensibly?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • May 09

Fluence Corporation Limited (ASX:FLC) Could Be Less Than A Year Away From Profitability

With the business potentially at an important milestone, we thought we'd take a closer look at Fluence Corporation...
Analysis Article • Apr 13

Does Fluence (ASX:FLC) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Feb 24

What Type Of Shareholders Own The Most Number of Fluence Corporation Limited (ASX:FLC) Shares?

Every investor in Fluence Corporation Limited ( ASX:FLC ) should be aware of the most powerful shareholder groups...
Analysis Article • Feb 03

Fluence Corporation Limited (ASX:FLC) Could Be Less Than A Year Away From Profitability

With the business potentially at an important milestone, we thought we'd take a closer look at Fluence Corporation...
Analysis Article • Jan 13

Here's Why We're Not Too Worried About Fluence's (ASX:FLC) Cash Burn Situation

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...
Analysis Article • Dec 23

Estimating The Intrinsic Value Of Fluence Corporation Limited (ASX:FLC)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Fluence Corporation...
Analysis Article • Dec 02

Fluence's (ASX:FLC) Stock Price Has Reduced 46% In The Past Three Years

It is a pleasure to report that the Fluence Corporation Limited ( ASX:FLC ) is up 38% in the last quarter. But that...

Shareholder Returns

FLCAU Water UtilitiesAU Market
7D5.5%0.3%0.003%
1Y37.5%4.9%-2.0%

Return vs Industry: FLC exceeded the Australian Water Utilities industry which returned 4.9% over the past year.

Return vs Market: FLC exceeded the Australian Market which returned -2% over the past year.

Price Volatility

Is FLC's price volatile compared to industry and market?
FLC volatility
FLC Average Weekly Movement11.1%
Water Utilities Industry Average Movement4.2%
Market Average Movement9.4%
10% most volatile stocks in AU Market16.6%
10% least volatile stocks in AU Market3.9%

Stable Share Price: FLC has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: FLC's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007n/aBen Fashwww.fluencecorp.com

Fluence Corporation Limited, together with its subsidiaries, provides smart water and wastewater treatment solutions for the municipal, commercial, and industrial markets worldwide. It offers water treatment solutions, such as reverse-osmosis desalination, clarification, multimedia filtration, methane removal, arsenic removal, denitrification, UV disinfection, softening, mollusk removal, coagulation and flocculation, flotation, activated carbon filtration, biological filtration, contaminants removal, ultrafiltration, remineralization, and ozonation. The company also provides NIROBOX Smart Packaged Water Solutions for seawater and brackish water desalination, as well as freshwater treatment; NIROFLEX, pre-engineered pretreatment and reverse osmosis building blocks for cost-effective seawater desalination systems; and desalination for drinking water, industrial process water desalination, seawater reverse osmosis, and brine management.

Fluence Corporation Limited Fundamentals Summary

How do Fluence's earnings and revenue compare to its market cap?
FLC fundamental statistics
Market capAU$88.22m
Earnings (TTM)-AU$5.95m
Revenue (TTM)AU$116.81m
0.8x
P/S Ratio
-14.8x
P/E Ratio

Is FLC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FLC income statement (TTM)
RevenueUS$83.24m
Cost of RevenueUS$55.57m
Gross ProfitUS$27.67m
Other ExpensesUS$31.91m
Earnings-US$4.24m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-0.0037
Gross Margin33.24%
Net Profit Margin-5.10%
Debt/Equity Ratio-217.7%

How did FLC perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/20 23:48
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Fluence Corporation Limited is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ritesh VarmaBell Potter
Dan GardinerEdison Investment Research
Graeme CarsonRaaS Advisory Pty Ltd

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