Fluence Management
Management criteria checks 1/4
Fluence's CEO is Ben Fash, appointed in Dec 2025, has a tenure of less than a year. total yearly compensation is $982.77K, comprised of 34.9% salary and 65.1% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth A$97.50K. The average tenure of the management team and the board of directors is 4.5 years and 2.8 years respectively.
Key information
Ben Fash
Chief executive officer
US$982.8k
Total compensation
| CEO salary percentage | 34.86% |
| CEO tenure | less than a year |
| CEO ownership | 0.1% |
| Management average tenure | 4.5yrs |
| Board average tenure | 2.8yrs |
Recent management updates
Recent updates
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?
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).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).
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...
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...Analysis Article • Jun 25
Is Fluence Corporation Limited (ASX:FLC) Trading At A 41% Discount?
Today we will run through one way of estimating the intrinsic value of Fluence Corporation Limited (ASX:FLC) by taking...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | US$983k | US$343k | -US$8m |
| Sep 30 2025 | n/a | n/a | -US$13m |
| Jun 30 2025 | n/a | n/a | -US$16m |
| Mar 31 2025 | n/a | n/a | -US$19m |
| Dec 31 2024 | US$960k | US$325k | -US$21m |
| Sep 30 2024 | n/a | n/a | -US$20m |
| Jun 30 2024 | n/a | n/a | -US$17m |
| Mar 31 2024 | n/a | n/a | -US$16m |
| Dec 31 2023 | US$1m | US$275k | -US$15m |
Compensation vs Market: Ben's total compensation ($USD982.77K) is above average for companies of similar size in the Australian market ($USD334.19K).
Compensation vs Earnings: Ben's compensation has increased whilst the company is unprofitable.
CEO
Ben Fash
less than a year
Tenure
US$982,768
Compensation
Mr. Benjamin A. Fash, also known as Ben, is Chief Executive Officer, Managing Director & Director of Fluence Corporation Limited from December 30, 2025. He served as Chief Financial Officer of Fluence Corp...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | less than a year | US$982.77k | 0.11% A$ 97.5k | |
| Chief Financial Officer | less than a year | US$332.93k | no data | |
| Chief Talent & Legal Officer | 8.3yrs | US$578.66k | 0.11% A$ 97.5k | |
| Chief Growth Officer | 4.4yrs | US$558.17k | 0.017% A$ 15.5k | |
| Company Secretary | 5.3yrs | no data | no data | |
| VP & Corporate Controller | 4.5yrs | no data | no data | |
| Vice President and GM Industrial Water & Reuse | no data | no data | no data | |
| VP and GM of Municipal Water & Wastewater | no data | no data | no data | |
| VP and GM of Industrial Wastewater & Biogas | no data | no data | no data | |
| Associate Company Secretary | no data | no data | no data |
4.5yrs
Average Tenure
Experienced Management: FLC's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | less than a year | US$982.77k | 0.11% A$ 97.5k | |
| Chairman & Strategic Board Advisor | 4yrs | US$187.64k | 15.58% A$ 13.9m | |
| Member of Scientific Advisory Board | no data | no data | no data | |
| Non-Executive Director | 2.8yrs | US$100.85k | 0.20% A$ 174.6k | |
| Member of Scientific Advisory Board | no data | no data | no data | |
| Member of Scientific Advisory Board | no data | no data | no data | |
| Lead Independent Non-Executive Director | 7.8yrs | US$111.73k | 0.17% A$ 149.8k | |
| Non-Independent Non-Executive Director | 2.1yrs | US$61.86k | 15.21% A$ 13.6m |
2.8yrs
Average Tenure
71yo
Average Age
Experienced Board: FLC's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 04:04 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 world class team 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.
| Analyst | Institution |
|---|---|
| Ritesh Varma | Bell Potter |
| Dan Gardiner | Edison Investment Research |
| Graeme Carson | RaaS Advisory Pty Ltd |