Etherstack plc (ESK.AX)
Chippendale, NSW, AU
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.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.99% | -1.92% | -18.40% | -10.53% | -10.53% | -7.27% | +15.91% | +34.21% | -19.05% | +431.25% | -70.00% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
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.
| Rating | 2024-11 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 0 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
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)
* 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.
| 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
|
| 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
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
This company is not held by any ETF in our universe.
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| 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 |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for ESK.AX
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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