Embedded Files
Get the Full Analysis: The September 2025 "4C" Report
Get the Full Analysis: The September 2025 "4C" Report
357 ASX-listed companies analysed
Which stocks are burning cash... and which are building a war chest
The September 2025 quarter has revealed a stark divide in the microcap sector.
The September 2025 quarter has revealed a stark divide in the microcap sector.
Our latest analysis of 357 ASX "4C" reporters uncovers a challenging landscape:
Our latest analysis of 357 ASX "4C" reporters uncovers a challenging landscape:
Burn Rates: ~50-60% of reporting companies have less than four quarters of cash remaining.
Top-line Growth: Median year-on-year receipts fell by -2.4% - where is the growth?
Leverage: 21% of companies in net debt also generated negative operating cash flow.
While the public version of our report highlights these market-wide trends, our full wholesale-only analysis goes deeper.
Download the complete "4Cs - Nov 2025 (Wholesale Version)" to unlock the redacted slides, including:
Implied Enterprise Values: A breakdown of valuations.
Most Material Swings: The biggest cash flow turnarounds (positive and negative).
Stock-Specific Highlights: Key observations on companies Equitable Investors owns or follows.
Report abuse