FOS Capital Limited

FOS.AX

Electrical Equipment & Parts · Industrials

Price

A$0.14

+0.00 (+0.00%)

Market Cap

A$9.6M

Exchange

Australian Securities Exchange

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 9, 2026 · filings through Dec 31, 2025

Share count rising — dilution

+65.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 32.8M (2021) → 54.2M (2025)

FOS Capital Limited is a small Australian company that makes and sells electrical equipment and components. Its products are used in industrial and commercial settings, serving customers that need reliable power and electrical infrastructure solutions. The company operates in the broader industrials sector, supplying parts and systems to businesses across Australia.

FOS Capital earns revenue by selling electrical equipment and parts directly to customers, likely through a mix of project-based contracts and recurring supply arrangements. The company is small, with a market capitalization close to zero, and operates primarily in Australia. Its gross margin of around 41% suggests some pricing power or value-added manufacturing, but a thin operating margin of about 6% means costs are significant relative to revenue. The main risk for a company this size is its limited scale, which makes it vulnerable to losing key customers or facing competition from larger, better-resourced suppliers in the electrical equipment market.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-21.7% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-72.3% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

16.6%ownership

Insiders own a meaningful stake in the company

Cash Runway

~4 years

$3M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

$3M cash & investments at current burn rate

Revenue declining

FOS Capital Limited's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

36.0%

Modest — 36.0% gross margin

Operating Margin

1.5%

Thin — 1.5% operating margin

ROCE

1.1%

Weak — 1.1% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

-16.9%

Shrinking sales (-16.9% YoY)

EPS YoY

-126.7%

Earnings shrinking (-126.7% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

0.8%

Thin free cash flow (0.8%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity

0.27

Conservative — low debt load (0.27)

Interest Cover

3.31x

Tight — interest eats into profit (3.3x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend Yield

7.14%

Healthy income — 7.14% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend Growth

N/A

Data not available

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