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icetana Limited (ICE) Fair Value & Analysis

Technology · AU · Market cap A$23.3M

IL icetana Limited ICE · AU
PriceA$0.0340
Fair ValueA$0.0292
Upside-14.0%
Quality95/100
Evidence: Low Range A$0.0258 – A$0.0326

Fair value as of: Jun 26, 2026

From 3 valuation models · updated 3 days ago

Fair value updated Jun 26, 2026 — revised from A$0.0100 to A$0.0292 (+192.4%) since Jun 24, 2026. Share price +3.1% over the past month.

Price vs Fair Value (12 months)

A$0.0938 A$0.0299 Fair Value A$0.0292 Jun 2025 Jun 2026

12‑month range A$0.0299 – A$0.0938 · fair‑value band A$0.0258 – A$0.0326 · the A$0.0340 price screens above the A$0.0292 fair value. As of Jun 26, 2026.

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Analysis

icetana Limited (ICE) currently trades at A$0.0340, while our model-based Fair Value estimate is A$0.0292 — implying the stock looks roughly 14.0% overvalued today. We read business quality at 95/100 (high quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).

Trailing-twelve-month revenue stands at A$2.3M. Revenue grew 42.6% year over year. The balance sheet holds a net cash position of A$3.8M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) A$2.3M
Revenue growth (YoY) +42.6%
Net margin -155%
Return on equity -834%
Free cash flow −A$2.5M FY2025
Operating margin -141%
More key figures
EPS (TTM) A$-0.0100
Net cash A$3.8M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

icetana Limited provides video analytics solutions in the Asia Pacific, North America, Europe, the Middle East, and Africa. The company engages in the development and commercialization of icetana Solution, an AI-assisted video surveillance software using machine learning to provide automated real-time anomalous event detection. It also offers icetana AI safety and security software, icetana AI licence plate recognition (LPR) software, icetana AI facial recognition software, icetana AI analytics software, icetana AI forensic surveillance software, and icetana AI triage agent. The company serves prisons, healthcare, and guarding industries. icetana Limited was incorporated in 2009 and is headquartered in Perth, Australia.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

icetana Limited reported revenue of A$1.9M in FY2025 versus A$1.5M in FY2021, a compound +6.2%/yr. Reported net income was −A$2.9M in FY2025.

Revenue +6.2%/yr
FY21 A$1.5M
FY22 A$1.7M
FY23 A$1.7M
FY24 A$3.7M
FY25 A$1.9M
Net income
FY21 −A$2.2M
FY22 −A$3.0M
FY23 −A$2.1M
FY24 −A$2.0M
FY25 −A$2.9M

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Frequently asked questions

Is icetana Limited (ICE) undervalued?
As of Jun 26, 2026, our model estimates a fair value of A$0.0292 versus a price of A$0.0340 — about −14% (overvalued). Model-based estimate, not financial advice.
What is the fair value of ICE?
Our 21-model fair value for icetana Limited is A$0.0292 (as of Jun 26, 2026), built from audited fundamentals. The current price is A$0.0340.
What is the quality score of ICE?
icetana Limited has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of icetana Limited (ICE)?
icetana Limited reported trailing-twelve-month revenue of about A$2.3M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of ICE?
The net profit margin of icetana Limited is about -154.7%, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.