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Etherstack plc (ESK.AX)

AUD0.53 +0.00 (+0.00%)
AU ASX Technology Software - Application
Address 64 Rose Street 2008
Chippendale, NSW, AU
CEO David Deacon
IPO 2012-09-07
ISIN AU000000ESK6

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Also trades on Australian Securities Exchange · ESK.AX (AUD) Other OTC · ESKKF (USD)
Description

Etherstack plc (ESK.AX), an Australian firm specializing in wireless technology, primarily licenses its essential radio communication systems to global equipment manufacturers and network operators. Their advanced technology powers push-to-talk (PTT) capabilities, sophisticated digital land mobile radio (LMR) platforms, and functionalities across cellular and satellite networks. The company's offerings include a robust portfolio of cryptographic solutions. This encompasses the P25 Security Suite, which seamlessly integrates AES/DES P25 encryption with support for P25 Key Fill Devices (KFDs) to ensure end-to-end subscriber encryption for P25 systems. They also provide P25 key management facilities, P25 security dongles, and a FIPS 140-2 Cryptographic Module – a compact, single-board security device that executes APCO P25 encryption, decryption, key management, and storage, all compliant with FIPS140-2 specifications. For defense clients, Etherstack supplies a diverse array of waveform services. These include technology licensing and transfer, expert support, leveraging existing waveform heritage, providing dedicated test and development environments, offering risk outsourcing, and adhering to strict reconfiguration and architectural framework standards. Furthermore, their product range incorporates foundational LMR network components, various wireless communication protocol stacks such as APCO P25, dPMR, DMR, MPT1327, and TETRA, alongside tactical and satellite systems like P25 tactical repeaters and the IVX Push-to-Talk (PTT) IP radio. Etherstack serves critical sectors, including public safety, military, utilities, transportation, and natural resource industries. Established in 2012 and headquartered in Chippendale, Australia, the company initially traded as MM&S (5698) plc before officially adopting the Etherstack plc name in May of the same year.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
AUD0.53 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
39.9K
Beta
0.71
Float Shares
46.16M
Free Float %
32.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.99% -1.92% -18.40% -10.53% -10.53% -7.27% +15.91% +34.21% -19.05% +431.25% -70.00%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
0.53
DCF (Levered) 1.03 +94.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.36
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Software - Application: +13.0%
    +74.0% Q4'25: -38.6% (vs Q4'23)
  • EPS growth Software - Application: +28.6%
    +82.8% Q4'25: -193.0% (vs Q4'23)
  • FCF margin FCF growth · Software - Application: +45.3%
    +2.9% Q4'25: -32.9% (vs Q4'23)
  • EBIT margin Software - Application: +9.4%
    -4.5% Q4'25: -45.3% (vs Q4'23)
  • ROIC Software - Application: +7.5%
    -4.5% Q4'25: -71.6% (vs Q4'23)
  • Share dilution Software - Application: +0.0%
    +0.3% Q4'25: +6.9% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×
    1.68× Q4'25: -1.88× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.75) × ERP
WACC = 93% × Ke + 7% × Kd (7.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 0.53
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
8.50M
est: 12.41M (-31.5%)
14.22M
est: 15.12M (-5.9%)
13.82M
est: 14.84M (-6.9%)
8.99M
est: 16.16M (-44.4%)
15.65M
est: 17.53M (-10.8%)
25.41M
25.41M – 25.41M
+44.9% YoY
34.90M
34.90M – 34.90M
+37.4% YoY
44.67M
44.67M – 44.67M
+28.0% YoY
EBITDA
2.60M
est: 216.3K (+1,102.3%)
4.75M
est: 263.6K (+1,703.0%)
4.03M
est: 258.7K (+1,459.4%)
-5.36M
est: 1.73M (-410.0%)
3.11M
est: 1.88M (+65.9%)
2.72M
2.72M – 2.72M
+44.9% YoY
3.73M
3.73M – 3.73M
+37.4% YoY
4.78M
4.78M – 4.78M
+28.0% YoY
EBIT
2.44M
est: -1.53M (+259.6%)
2.92M
est: -1.86M (+256.9%)
829.0K
est: -1.83M (+145.3%)
-5.74M
est: -413.8K (-1,288.2%)
-701.0K
est: -448.9K (-56.2%)
-650.4K
-650.4K – -650.4K
-44.9% YoY
-893.4K
-893.4K – -893.4K
-37.4% YoY
-1.14M
-1.14M – -1.14M
-28.0% YoY
Net Income
1.46M
est: 546.1K (+166.4%)
3.19M
est: 3.68M (-13.4%)
786.4K
est: 1.36M (-42.1%)
-5.90M
est: 1.71M (-444.9%)
-1.09M
est: 2.78M (-139.1%)
3.60M
3.60M – 3.60M
+29.6% YoY
6.14M
6.14M – 6.14M
+70.4% YoY
9.74M
9.74M – 9.74M
+58.7% YoY
SGA
5.31M
est: 5.67M (-6.3%)
4.60M
est: 6.91M (-33.4%)
4.71M
est: 6.78M (-30.6%)
5.14M
est: 7.75M (-33.6%)
8.39M
est: 8.41M (-0.2%)
12.18M
12.18M – 12.18M
+44.9% YoY
16.73M
16.73M – 16.73M
+37.4% YoY
21.41M
21.41M – 21.41M
+28.0% YoY
EPS
0.01
est: 0.00 (+170.8%)
0.02
est: 0.03 (-12.5%)
0.01
est: 0.01 (-44.6%)
-0.05
est: 0.01 (-468.9%)
-0.01
est: 0.02 (-139.1%)
0.03
0.03 – 0.03
+29.6% YoY
0.05
0.05 – 0.05
+70.4% YoY
0.07
0.07 – 0.07
+58.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-28 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-26 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-25 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-21 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-19 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-18 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-15 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-14 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-13 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-12 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-11 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-08 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-07 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-06 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-04 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-01 C 2/5 4/5 1/5 1/5 2/5 1/5 2/5
2026-04-30 C 2/5 4/5 1/5 1/5 2/5 1/5 2/5
2026-04-29 C 2/5 4/5 1/5 1/5 2/5 1/5 2/5
2026-04-28 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-04-24 C 2/5 4/5 1/5 1/5 2/5 1/5 2/5
2026-04-23 C 2/5 4/5 1/5 1/5 2/5 1/5 2/5
2026-04-22 C 2/5 4/5 1/5 1/5 2/5 1/5 2/5
2026-04-21 C 2/5 4/5 1/5 1/5 2/5 1/5 2/5
2026-04-20 C 2/5 4/5 1/5 1/5 2/5 1/5 2/5
2026-04-17 C 2/5 4/5 1/5 1/5 2/5 1/5 2/5
2026-04-16 C 2/5 4/5 1/5 1/5 2/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.72M
OE per share TTM
0.02
Owner's Yield
3.76%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
11.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-11.3K
Shares Outstanding
141.55M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
David Deacon Founder, Chief Executive Officer & Executive Director 430.4K male
Paul Martin Barnes Company Secretary & Independent Non-Executive Director 117.8K male
Adam Michael Hoey Chief Financial Officer & Company Secretary male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits