Advance ZincTek Limited

ANO.AX

Chemicals - Specialty · Basic Materials

Price

A$0.71

-0.01 (-0.70%)

Market Cap

A$44.5M

Exchange

Australian Securities Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Dec 31, 2025

How the score breaks down

Quality

Mixed

Growth

Good

Cash Flow

Exceptional

Stability

Exceptional

Valuation

Weak

Dividends

Good

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Share count rising — dilution

+3.4% over 4y

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

Diluted shares outstanding: 60.4M (2021) → 62.5M (2025)

Winston Score History

The full picture

Advance ZincTek Limited is an Australian company that makes a zinc-based coating used to protect steel and metal from rust. Its main product is a patented anti-corrosion coating called ZincTek, which is sold to industries like construction, mining, and infrastructure where metal structures need long-term protection from the elements. The company operates in the specialty chemicals space within the broader basic materials sector.

Advance ZincTek earns revenue by selling its coating products directly to industrial customers, likely through a combination of direct sales and distribution partnerships. It is a small-cap company based in Australia, with a market cap of around $100 million, and its main competitive edge comes from its patented formulation, which is difficult for competitors to copy directly. The key growth driver is expanding adoption of its product across new industries and export markets, while the main risk is its small size and reliance on a narrow product range, which makes it vulnerable if demand slows or a larger competitor develops a similar solution.

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

+53.5% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+118.5% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

A$91,000/ year

↑ Rising (+47% vs prior year)

0.7% of revenue

Below sector average (3%)

R&D investment increasing — building for the future

Insider Activity

65.2%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

A$629,000 cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Advance ZincTek Limited grew revenue 53% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

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

Profit per sale

Gross Margin

31.5%

Modest — 31.5% gross margin

Profit after running costs

Operating Margin

15.2%

Healthy — 15.2% operating margin

Return on the money invested

ROCE

8.1%

Below par — 8.1% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+24.5%

Fast-growing sales (+24.5% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

185%

Turns 185% of profit into real cash

Spare cash per sale

FCF Margin

15.1%

Converts sales into free cash efficiently (15.1%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns

Debt / Equity

0.01

Conservative — low debt load (0.01)

Covers its interest

Interest Cover

100.00x

Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

30.7x

Pricey — P/E 30.7

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

11.27%

Healthy income — 11.27% yield

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

Dividend record

Dividend Growth

N/A

Data not available

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