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Fluence Corporation (FLC) Fair Value & Analysis

Industrials · AU · Market cap A$101M

FC Fluence Corporation FLC · AU
PriceA$0.0710
Fair ValueA$0.1530
Upside+115.5%
Quality51/100
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Weak Growth
Loss-making · -10.3% net margin
Negative equity (buybacks among others) · generates free cash flow
Mixed vs. peers (5/10)
Narrow moat 21/100
Evidence: Medium Range A$0.1048 – A$0.1987 Share as image

Fair value as of: Jul 17, 2026

From 12 valuation models · updated 26 days ago

Share price −16.5% over the past month.

A solid business, screening 115% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (A$0.1048). The market is more pessimistic than our downside scenario.
  • Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (A$0.1048 to A$0.1987) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

A$0.2501 A$0.0340 Fair Value A$0.1530 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range A$0.0340 – A$0.2501 · fair‑value band A$0.1048 – A$0.1987 · the A$0.0710 price screens below the A$0.1530 fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Fluence Corporation (FLC) currently trades at A$0.0710, while our model-based Fair Value estimate is A$0.1530, implying the stock looks roughly 115.5% undervalued today. The Quality Score stands at 51/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Fluence Corporation generated revenue of A$78.5M at a net margin of -10.3%. Revenue grew 44.4% year over year. Net debt stands at A$3.3M. Fundamentals as of Jul 17, 2026

Our scenario range runs from A$0.1048 (bear case) to A$0.1987 (bull case); at A$0.0710, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 52% below its 52-week high and 129% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -46% fair-value upside, at 115%, FLC screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF A$0.1100 A$0.1700 A$0.2600 80
Rev-Margin DCF A$0.1200 A$0.1900 A$0.3500 74
Gordon GGM A$0.0200 A$0.0400 A$0.0500 70
All 12 models by family
DCF Models
FCF DCF A$0.1200 A$0.1600 A$0.2800 38
Owner Earnings A$0.1400 A$0.2500 A$0.4600 31
5Y Revenue Exit A$0.1100 A$0.1700 A$0.3000 39
5Y EBITDA Exit A$0.1500 A$0.2600 A$0.4700 41
10Y Revenue Exit A$0.1100 A$0.2000 A$0.2600 36
10Y EBITDA Exit A$0.1400 A$0.2900 A$0.5500 37
Dividend Discount
Gordon GGM A$0.0200 A$0.0400 A$0.0500 70
DDM Multi-Stage A$0.0200 A$0.0400 A$0.0400 61
Multiples
EV/EBITDA A$0.1700 A$0.2200 A$0.2700 54
EV/Revenue A$0.0900 A$0.1300 A$0.1600 43
Growth DCF
Growth DCF A$0.1100 A$0.1700 A$0.2600 80
Rev-Margin DCF A$0.1200 A$0.1900 A$0.3500 74

Widest divergence: DCF Models (A$0.2000) versus Dividend Discount (A$0.0400). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) A$78.5M
Revenue growth (YoY) +44.4%
Net margin -10.3%
Return on equity -920%
Free cash flow A$10.0M FY2025
Operating margin 4.2%
More key figures
EPS (TTM) A$-0.0100
Net debt A$3.3M FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 51 · Market factors (momentum, volatility) 46

Profitability 40
Margins and returns on capital today
Quality Growth 90
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 28
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 47
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Fluence Corporation Limited, together with its subsidiaries, provides smart water and wastewater treatment solutions for the municipal, commercial, and industrial markets worldwide.

Full company description

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. In addition, it offers wastewater treatment solutions comprising waste-to-energy and other anaerobic biological solutions, aerobic biological treatment, nutrient removal, wastewater reuse, dissolved air flotation, aeration and mixing solutions, disinfection, sludge treatment, and physico-chemical treatment; membrane aerated biofilm reactors, end-to-end containerized wastewater solutions, aeration equipment, and industrial wastewater treatment; and operates tipton containerized wastewater treatment plants. Further, the company provides water and wastewater reuse solutions, including membrane aerated biofilm reactors, anaerobic membrane bioreactors, tertiary treatment for industrial reuse, and containerized water reuse systems; waste-to-energy solutions; and food and beverage processing solutions. Additionally, it offers field services, spare parts, and consumables; project financing; smart operations; and water management services. Fluence Corporation Limited was incorporated in 2007 and is headquartered in Plymouth, Minnesota.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fluence Corporation reported revenue of A$81.1M in FY2025 versus A$74.8M in FY2021, a compound +2.1%/yr. Reported net income was −A$9.6M in FY2025.

Growth Quality 29/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
A$81.1M
Latest YoY
+57.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−12.0%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.7%
Avg. growth/yr (20Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.7%
Revenue +2.1%/yr
FY21 A$74.8M
FY22 A$119M
FY23 A$70.0M
FY24 A$51.5M
FY25 A$81.1M
Net income
FY21 −A$10.7M
FY22 −A$16.2M
FY23 −A$16.0M
FY24 −A$21.4M
FY25 −A$9.6M

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Cite: Fair Value Calculator (2026). "Fluence Corporation Fair Value". https://www.fairvalue-calculator.com/stock/FLC

Peer Group

Pollution & Treatment Controls · 92 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 51 · Above median
Fair Value upside +116% · Top 25%
Return on assets 0% · Below median
Net margin (TTM) -10% · Bottom 25%
Operating margin (TTM) 4% · Below median
Revenue growth 44% · Top 25%

Valuation Multiples vs Pollution & Treatment Controls median · lower = cheaper

P/S (TTM) 0.91× · Cheaper than median
P/FCF 7.1× · Pricier than median
EV/EBITDA 40.2× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 0
FUTURE 100 · sector 10
PAST 0 · sector 12
HEALTH 100 · sector 95
DIVIDEND 0 · sector 37

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Pollution & Treatment Controls stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Veralto Corporation VLTO $94.21 $69.11 -27%
Zurn Elkay Water Solutions Corporation ZWS $47.63 $24.92 -48%
Canmax Technologies Co 300390 ¥57.02 ¥10.41 -82%
CECO Environmental Corp CECO $83.63 $15.19 -82%
Fujian Longking Co 600388 ¥17.58 ¥15.59 -11%
Munters Group MTRS kr 166.60 kr 16.90 -90%
China Conch Venture Holdings 0586 HK$8.83 HK$14.14 +60%
Mega Union Technology Inc 6944 1,005 TWD 539.58 TWD -46%
MayAir Technology (China) Co 688376 ¥69.05 ¥18.80 -73%
Jingjin Equipment Inc 603279 ¥12.80 ¥18.97 +48%

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Frequently asked questions

Is Fluence Corporation (FLC) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of A$0.1530 versus a price of A$0.0710, about +115% (undervalued).
What is the fair value of FLC?
Our model-based fair value for Fluence Corporation is A$0.1530 (as of Jul 17, 2026), built from audited fundamentals. The current price is A$0.0710.
What is the quality score of FLC?
Fluence Corporation has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Fluence Corporation (FLC)?
Fluence Corporation reported trailing-twelve-month revenue of about A$78.5M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of FLC?
The net profit margin of Fluence Corporation is about -10.3%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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