Top 10 ASX Dividend Stocks for Nov 2026 Download Free Report

Company price
0.01 AUD 0.00(0%)
Last update at 2026-11-12T02:25:00Z
VOLUME
773464
Market Cap
3.82M

Momentum Score

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Butn Limited provides transactional funding to small and medium enterprises in Australia. The company offers funding solutions, such as Butn X, for cash up front against invoice or receivables, as well as invoice finance, debtor finance, selective invoice finance, and factoring; Butn Terms for outsource credit terms; and Butn Pay for paying invoice or bill in client's behalf. It also provides supply chain finance and commission advancement; and secured funding to new franchisees. In addition, the company is involved in private credit investment management activities. Butn Limited was founded in 2015 and is based in Balaclava, Australia.

Source: TradingView
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Day Price Range
0.01
Low
0.01
High
52 Week Price Range
0.01
Low
0.09
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Public disclosures for Butn Ltd (ASX: BTN) are limited; the company presents itself as a technology marketplace linking consumers with service providers in Australia. Long-term growth could be driven by increased user adoption, monetisation of transactions and strategic partnerships, and investors may find potential value in scalable revenue if engagement expands.
Material investment risks include execution and commercialisation risk, uncertain profitability, potential need for additional capital, competitive pressure from established players and changing regulation or market liquidity constraints.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.01
Dividend Yield
-
Revenue TTM
5.66M
Revenue Per Share
0.01
Gross Profit TTM
5.66M
Debt / Equity
7.32
ROE
-32.44%
Net Debt
70.62M
ROCE
3.12%
Diluted EPS TTM
-0.01

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -3.90M -2.64M -12.33M -6.41M -8.69M
Net income -3.83M -2.66M -12.33M -6.53M -8.66M
Selling general administrative 3.38M 3.21M 4.53M 5.86M 5.00M
Selling and marketing expenses - - 10.42M 4.54M -
Gross profit 15.01M -7.87M 13.49M 11.87M 5.60M
Reconciled depreciation 0.26M 0.25M 3.13M 1.44M 1.35M
Ebit 2.72M 5.56M -3.96M 0.02M -5.56M
Ebitda 2.98M 5.81M -0.83M 1.46M -4.21M
Depreciation and amortization 0.26M 0.25M 3.13M 1.44M 1.35M
Operating income 2.72M -2.64M -4.86M 0.02M -5.56M
Other operating expenses 12.55M 2.98M 18.08M 11.84M 11.16M
Interest expense 10.80M 8.20M 8.10M 6.69M 3.70M
Tax provision -0.07M 0.02M -0.00M 0.13M -0.03M
Interest income 0.77M 0.33M 0.28M 5.12M 0.02M
Net interest income -9.86M -7.87M -7.82M -6.20M -3.56M
Income tax expense -0.07M 0.02M -0.00M 0.13M -0.03M
Total revenue 15.27M 0.33M 13.49M 11.85M 5.60M
Total operating expenses 12.29M -5.23M 4.51M 10.40M 11.16M
Cost of revenue 0.26M 8.20M 8.10M -0.02M -
Total other income expense net -6.62M -5.90M -7.47M -6.42M 0.43M
Net income from continuing ops -3.83M -2.66M -12.33M -6.53M -8.66M
Net income applicable to common shares - -2.66M -12.33M -6.53M -8.66M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 99.60M 107.54M 91.27M 98.98M 77.82M
Intangible assets 0.83M 1.26M - 3.75M 5.13M
Other current assets 0.04M 0.69M 0.16M 0.05M 0.23M
Total liab 88.15M 95.39M 83.16M 83.34M 59.80M
Total stockholder equity 11.46M 12.14M 8.11M 15.64M 18.02M
Deferred long term liab - - - - 0.21M
Other current liab 3.06M - 2.51M 0.78M 3.98M
Common stock 49.28M - 39.77M 35.12M 31.37M
Capital stock 49.28M 46.37M - 35.12M 31.37M
Retained earnings -39.53M -35.80M -33.14M -20.81M -14.28M
Other liab - - - 0.03M 0.10M
Other assets - - - 1.36M 1.67M
Cash 13.25M 16.32M 13.36M 14.67M 15.78M
Total current liabilities 12.52M 95.34M 71.95M 24.93M 3.35M
Current deferred revenue 0.87M - 0.72M - 0.55M
Net debt 70.62M 74.69M 66.37M 64.85M 40.57M
Short term debt 8.29M - 68.55M 0.04M 0.01M
Short long term debt 8.29M 91.00M - 21.14M 0.01M
Short long term debt total 83.87M - 79.73M - 56.35M
Other stockholder equity - - -0.00M 1.33M 12.30M
Total current assets 94.56M 104.94M 88.84M 93.87M 71.24M
Net tangible assets - - - 11.89M 13.11M
Short term investments 2.05M 4.00M - - 0.02M
Net receivables 79.22M 87.74M 75.33M 79.15M 55.22M
Long term debt 75.58M - - 58.38M 56.35M
Accounts payable 0.30M 0.70M 0.17M 0.48M 0.80M
Accumulated other comprehensive income 1.71M - 1.48M - 0.93M
Non currrent assets other - - 1.06M - -
Non current assets total 5.04M 2.60M 2.42M 5.11M 6.58M
Long term debt total - - - 58.38M 56.35M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -0.05M -14.79M -2.64M -26.09M -29.48M
Change to liabilities - - - -0.04M 0.51M
Total cashflows from investing activities 1.87M -14.79M -2.64M -26.09M -29.48M
Net borrowings -4.23M 10.00M -0.50M 23.67M 15.74M
Total cash from financing activities -3.25M 15.85M 3.65M 25.61M 33.60M
Change to operating activities - - - 1.18M 1.04M
Net income -3.83M -2.66M -12.33M -6.53M -8.66M
Change in cash -3.07M 2.81M -1.35M -1.11M 0.27M
Begin period cash flow 16.32M 13.28M 14.63M 15.78M 15.51M
End period cash flow 13.25M 16.09M 13.28M 14.67M 15.78M
Total cash from operating activities -1.66M 1.74M -2.36M -0.67M -3.85M
Issuance of capital stock 3.04M 6.98M 5.01M 3.00M 20.00M
Depreciation 0.26M - 3.13M 1.44M 1.35M
Other cashflows from investing activities 2.53M -10.01M -1.83M -24.93M -26.24M
Dividends paid - - - 1.05M 21.00M
Change to account receivables 0.41M -0.47M -0.33M 0.71M 0.68M
Sale purchase of stock -0.27M -0.39M -0.37M -0.06M -1.51M
Other cashflows from financing activities - -0.74M -0.50M 46.46M 41.37M
Change to netincome - - - 3.25M 1.91M
Capital expenditures 0.00M 0.78M 0.80M 1.16M 3.24M
Change in working capital 0.22M 0.51M -0.35M 1.17M 1.55M
Stock based compensation - - 0.16M 0.39M 0.47M
Other non cash items 1.69M 1.23M 7.19M 5.74M 3.61M
Free cash flow -1.66M 0.97M -3.16M -1.83M -7.09M

Peer Comparison*

Sector: Financial Services Industry: Credit Services

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
BTN
Butn Ltd
-
-%
0.01 - - 0.67 0.33 4.74 10.37
ZIP
ZIP Co Ltd
-0.10
4.61%
2.07 20.10 12.32 1.87 3.53 3.52 11.32
CCP
Credit Corp Group Ltd
0.15
0.96%
15.82 10.05 8.78 2.22 1.13 2.50 7.39
LFG
Liberty Financial Group
0.04
1.25%
3.24 7.13 6.71 1.63 0.86 40.84 11.07
LFS
Latitude Group Holdings Ltd
-0.01
1.19%
0.83 9.22 - 1.59 0.66 6.49 13.37

Profile*

Butn Ltd

Butn Limited provides transactional funding to small and medium enterprises in Australia. The company offers funding solutions, such as Butn X, for cash up front against invoice or receivables, as well as invoice finance, debtor finance, selective invoice finance, and factoring; Butn Terms for outsource credit terms; and Butn Pay for paying invoice or bill in client's behalf. It also provides supply chain finance and commission advancement; and secured funding to new franchisees. In addition, the company is involved in private credit investment management activities. Butn Limited was founded in 2015 and is based in Balaclava, Australia.

21-23 William St, Balaclava, VIC, Australia, 3183

61 1 3009 92886

Name Title Year Born
Mr. Walter Rapoport Co-Founder, Joint CEO & Exec. Director NA
Mr. Rael Ross Co-Founder, Joint CEO & Exec. Director NA
Mr. Darryl Lasnitzki CFO & Company Sec. NA
Mr. Mark Newstead Chief Operating Officer NA
Mr. Abhinov Gulati Chief Technical Officer NA
Mr. Simran Gambhir Chief Information Officer NA
Mr. Walter Rapoport Co-Founder, Joint CEO & Executive Director NA
Mr. Rael Ross Co-Founder, Joint CEO & Executive Director NA
Dean - Berelowitz Financial Controller & Company Secretary NA
Mr. Walter Rapoport Co-Founder, Joint CEO & Executive Director NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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