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Australian Agricultural Projects Ltd. (AU:AAP)
ASX:AAP
Australian Market
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Australian Agricultural Projects Ltd. (AAP) AI Stock Analysis

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AU:AAP

Australian Agricultural Projects Ltd.

(Sydney:AAP)

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Neutral 66 (OpenAI - 5.2)
Rating:66Neutral
Price Target:
AU$0.08
▲(60.00% Upside)
Action:Reiterated
Date:07/01/26
The score is primarily supported by improving financial performance (strong margin expansion and reduced leverage) and a positive technical trend (price above major moving averages). These positives are tempered by a stretched valuation (P/E 41.111) and mixed cash-flow quality signals (moderate cash conversion and a lower FCF-to-net income ratio).
Positive Factors
Margin Expansion
Sustained large gross and net margin expansion reflects durable improvements in cost structure or pricing power in its agricultural products business. Higher margins support long-term cash generation, allow reinvestment or debt reduction, and create a buffer in downcycles for at least the next several quarters.
Negative Factors
Weak Cash Conversion
Low operating cash flow relative to reported earnings and a sharp drop in FCF-to-net income signal earnings quality and working capital volatility risks. If profits are not consistently converting to cash, the firm may face pinch points funding operations, capex or debt service in adverse seasons.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Expansion
Sustained large gross and net margin expansion reflects durable improvements in cost structure or pricing power in its agricultural products business. Higher margins support long-term cash generation, allow reinvestment or debt reduction, and create a buffer in downcycles for at least the next several quarters.
Read all positive factors

Australian Agricultural Projects Ltd. (AAP) vs. iShares MSCI Australia ETF (EWA)

Australian Agricultural Projects Ltd. Business Overview & Revenue Model

Company Description
Australian Agricultural Projects Ltd, headquartered in Melbourne, Australia, specializes in the cultivation and management of olive groves located in Boort, Victoria. The company's primary activity involves producing and selling extra virgin olive...
How the Company Makes Money
null...

Australian Agricultural Projects Ltd. Financial Statement Overview

Summary
Solid fundamentals supported by consistent revenue growth (+4.64% latest year) and sharply improved profitability (gross margin up to 52.88%, net margin to 35.03%). Balance sheet leverage improved materially (debt-to-equity down to 0.40) with ROE at 12.77%. Cash flow is the main offset: while free cash flow grew strongly (+57.83%), cash conversion is moderate (operating cash flow to net income 0.28) and FCF-to-net income fell to 0.78.
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
65
Positive
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue3.99M5.60M4.73M3.35M2.63M3.32M
Gross Profit1.53M2.96M2.48M810.20K30.04K1.20M
EBITDA1.52M2.48M2.14M1.35M606.74K1.60M
Net Income674.28K1.96M1.25M534.65K-246.59K978.23K
Balance Sheet
Total Assets22.10M23.89M22.38M19.90M18.21M17.19M
Cash, Cash Equivalents and Short-Term Investments220.61K450.57K458.12K229.34K68.04K134.94K
Total Debt5.03M6.06M6.81M6.86M6.74M6.95M
Total Liabilities7.55M8.54M9.72M10.31M9.97M9.67M
Stockholders Equity14.55M15.35M12.66M9.60M8.24M7.52M
Cash Flow
Free Cash Flow-196.45K728.39K-729.58K42.52K786.04K-1.25M
Operating Cash Flow1.01M929.85K-312.58K42.52K892.89K-1.05M
Investing Cash Flow-1.20M-194.64K-351.00K0.00-676.44K-250.51K
Financing Cash Flow-7.26K-742.76K892.36K118.78K-283.35K1.36M

Australian Agricultural Projects Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.05
Price Trends
50DMA
0.06
Positive
100DMA
0.06
Positive
200DMA
0.05
Positive
Market Momentum
MACD
<0.01
Negative
RSI
100.00
Negative
STOCH
58.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AAP, the sentiment is Positive. The current price of 0.05 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.06, and below the 200-day MA of 0.05, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 100.00 is Negative, neither overbought nor oversold. The STOCH value of 58.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:AAP.

Australian Agricultural Projects Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
66
Neutral
AU$24.70M37.224.51%-25.39%-65.38%
65
Neutral
AU$1.21B19.994.83%5.16%11.05%-30.84%
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
62
Neutral
AU$1.09B-78.10-0.99%6.42%-1.68%-119.86%
55
Neutral
AU$816.40M7.386.29%8.81%
42
Neutral
AU$5.89M-1.08-90.33%-83.83%84.80%
42
Neutral
AU$47.67M-1.18-20.91%29.49%-33.47%-2365.66%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:AAP
Australian Agricultural Projects Ltd.
0.07
0.02
34.00%
AU:AAC
Australian Agricultural Company
1.34
-0.08
-5.65%
AU:ELD
Elders Limited
5.56
-0.50
-8.28%
AU:GNC
Graincorp Limited Class A
4.91
-2.12
-30.18%
AU:WOA
Wide Open Agriculture Ltd.
0.01
-0.01
-47.83%
AU:DBF
Duxton Farms Limited
0.45
-0.59
-56.73%

Australian Agricultural Projects Ltd. Corporate Events

Australian Agricultural Projects readies 2026 olive harvest and posts solid quarterly surplus
Apr 28, 2026
Australian Agricultural Projects reported that preparations for the 2026 olive harvest are close to completion, with upgraded harvester control systems and new olive washing equipment set to support an expected yield of 570,000 to 640,000 litres i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 01, 2026