ABx Group Limited (AU:ABX)
ASX:ABX
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ABx Group Limited
(Sydney:ABX)
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Rating:46Neutral
Price Target:
AU$0.06
â–¼(-17.14% Downside)
Action:ReiteratedDate:04/09/26
The score is held down primarily by weak financial performance—ongoing large losses, volatile/limited revenue, and negative operating/free cash flow that points to continued financing reliance despite modest leverage. Technical indicators are broadly neutral to slightly negative, and valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
Low leverage
Low reported debt-to-equity (~0.14 in 2025) gives ABx structural balance-sheet flexibility relative to highly levered peers. That reduced leverage lowers short-term default risk, preserves capacity to raise capital for R&D or pilot scale-up, and extends runway while commercialisation progresses.
Negative Factors
Persistent operating losses
Deep, widening operating and net losses (net margin ~-56% in 2025) reflect limited operating leverage and ineffective cost absorption at current scale. Persistent losses erode equity, compel ongoing external funding, and make achievement of sustainable profitability dependent on substantial revenue scale or structural cost cuts.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Low reported debt-to-equity (~0.14 in 2025) gives ABx structural balance-sheet flexibility relative to highly levered peers. That reduced leverage lowers short-term default risk, preserves capacity to raise capital for R&D or pilot scale-up, and extends runway while commercialisation progresses.
Read all positive factors
ABx Group Limited (ABX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$22.83M
Dividend YieldN/A
Average Volume (3M)2.63M
Price to Earnings (P/E)―
Beta (1Y)0.40
Revenue Growth98.28%
EPS Growth-200.00%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryAluminum
Share Statistics
EPS (TTM)-0.03
Shares Outstanding374,263,370
10 Day Avg. Volume1,501,911
30 Day Avg. Volume2,632,200
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)1.54
Price to Sales (P/S)171.30
P/FCF Ratio-9.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
ABx Group Limited Business Overview & Revenue Model
Company Description
ABx Group Limited engages in the exploration, development, and production of bauxite resources in Australia. The company develops Rare Earth Element project for bauxite deposit in Queensland. It also develops Sunrise Project, Tasmania, and Penrose...
How the Company Makes Money
null...
ABx Group Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 115.00K | 58.00K | 222.00K | 56.00K | 41.00K |
| Gross Profit | 72.00K | -25.00K | -1.39M | -4.02M | -5.13M |
| EBITDA | -2.94M | -4.53M | -3.15M | -4.77M | -6.11M |
| Net Income | -6.47M | -2.00M | -1.64M | -3.48M | -5.62M |
Balance Sheet | |||||
| Total Assets | 20.66M | 19.54M | 21.64M | 16.21M | 19.83M |
| Cash, Cash Equivalents and Short-Term Investments | 6.56M | 724.00K | 336.00K | 2.06M | 6.09M |
| Total Debt | 1.83M | 363.00K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 7.93M | 8.31M | 8.91M | 3.11M | 3.08M |
| Stockholders Equity | 12.80M | 11.30M | 12.78M | 12.98M | 16.64M |
Cash Flow | |||||
| Free Cash Flow | -2.12M | -2.61M | 2.54M | -4.99M | -2.91M |
| Operating Cash Flow | -2.12M | -668.00K | 5.04M | -4.88M | -2.82M |
| Investing Cash Flow | -3.87M | 1.00K | -8.08M | 844.00K | 415.00K |
| Financing Cash Flow | 9.33M | 892.00K | 1.31M | 0.00 | 7.59M |
ABx Group Limited Technical Analysis
Positive
0.07
Price Trends
0.07
Positive
0.07
Negative
0.07
Positive
Market Momentum
<0.01
Negative
50.66
Neutral
101.39
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ABX, the sentiment is Positive. The current price of 0.07 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.07, and above the 200-day MA of 0.07, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 50.66 is Neutral, neither overbought nor oversold. The STOCH value of 101.39 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ABX.
ABx Group Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$6.92M | -3.06 | -25.39% | ― | ― | 27.45% | |
46 Neutral | AU$22.83M | -1.01 | -56.45% | ― | 98.28% | -200.00% | |
46 Neutral | AU$8.57M | -5.00 | -18.69% | ― | ― | 61.54% | |
44 Neutral | AU$12.86M | -3.15 | -380.81% | ― | ― | 1.76% | |
44 Neutral | AU$5.86M | -1.32 | -20.21% | ― | ― | 92.65% | |
41 Neutral | AU$14.14M | -67.88 | -27.21% | ― | ― | 16.05% |
* Basic Materials Sector Average
AU:ABX
ABx Group Limited
0.06
0.02
32.61%
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―
―
―
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ABx Group Limited Corporate Events
ABx Group Drops Planned Options Issue After Offer Closes With No Uptake
Apr 30, 2026
ABx Group Limited has withdrawn a previously announced proposed non-pro rata offer of options that was to be made under a disclosure document. The company informed the ASX that the cleansing prospectus offer has closed with no options issued, indi...
ABx Group advances rare earths, fluorine chemicals and bauxite projects in March quarter
Apr 30, 2026
ABx Group advanced its diversified portfolio across rare earths, fluorine chemicals and bauxite during the March 2026 quarter, underscoring its ambition to supply critical minerals into Western supply chains. The company’s Deep Leads project...
ABx Showcases Tasmanian Ionic Clay Rare Earths at Sydney Technical Forum
Apr 23, 2026
ABx Group has released materials from a technical presentation by Director Ian Levy to the Sydney Mineral Exploration Discussion Group, where he outlines the geology and processing of ionic adsorption clay rare earth resources, including ABx’...
Top 20 Holders Control Majority of ABx Group UO6 Options
Apr 15, 2026
ABx Group Limited has disclosed the top 20 holders of its UO6 unlisted options, which expire on 17 November 2027 at an exercise price of $0.10, as at 14 April 2026. The largest holders include Orca Capital GmbH, Palisades Investments Ltd, Vidog Ca...
ABx Group Seeks ASX Quotation for Major New Option Issue
Apr 15, 2026
ABx Group Limited has lodged an application with the ASX for quotation of a new class of options, identified as options expiring on 17 November 2027 with an exercise price of $0.10. The application covers 103,073,045 of these options, to be issued...
ABx Group Defines Target Market for Selective Cleansing Options Offer
Apr 15, 2026
ABx Group has issued a target market determination for an offer of 1,000 options to acquire fully paid ordinary shares, to be made under a transaction-specific prospectus at a nil issue price. The options, in the same class as existing securities,...
ABx Group to Issue New Series of Listed Options in Targeted Capital Move
Apr 15, 2026
ABx Group Limited has lodged details of a proposed non pro rata offer of new options to investors under a disclosure document, signalling an incremental move to adjust its capital structure. The company plans to issue up to 1,000 ABXAJ options, ea...
ABx Group lodges cleansing prospectus for speculative options offer
Apr 15, 2026
ABx Group Limited has released a transaction-specific prospectus for an offer of 1,000 Cleansing Options at no issue price, primarily to remove trading restrictions on existing options of the same class. Application will be made for ASX quotation ...
ABx Group lodges updated corporate governance statement and Appendix 4G
Mar 30, 2026
ABx Group Limited has lodged its corporate governance statement for the financial year ended 31 December 2025 by providing a dedicated governance page on its website, confirming board approval and currency as at that date. The accompanying Appendi...
ABx Group Releases Annual Report for Year Ended 31 December 2025
Mar 30, 2026
ABx Group Limited has released its Annual Report for the financial year ended 31 December 2025, outlining the company’s corporate governance, financial performance, and shareholder information. The report includes the chair’s letter, d...
ABx Advances Hydrogen Fluoride Pilot Plant as Environmental Review Begins
Mar 26, 2026
ABx Group’s ALCORE subsidiary has submitted an Environmental Effects Report for its planned hydrogen fluoride pilot plant in Bell Bay, Tasmania, marking a key step in the environmental approvals process. The report outlines comprehensive con...
ABx Group Clarifies Data Sources in Amended Rare Earths PDAC Presentation
Mar 25, 2026
ABx Group has issued an amended version of its rare earths presentation prepared for the PDAC Convention in Toronto, updating key disclosure elements for investors. The revisions clarify data sourcing and peer comparison methods used in the presen...
ABx Director Ian Levy Increases Indirect Stake via Tranche 2 Placement
Mar 19, 2026
ABx Group Limited has disclosed changes in the interests of director Ian Levy following the completion of a tranche of a capital placement approved by shareholders. Through his indirect holding vehicle Justevian Pty Ltd, Levy received 617,284 full...
ABx Group Issues 15 Million Unquoted Options Expiring in 2029
Mar 17, 2026
ABx Group Limited has notified the market of a new issue of unquoted equity securities, consisting of 15,000,000 options. The options are exercisable at $0.08 and will expire on 17 March 2029, with the issue dated 17 March 2026.The move reflects t...
ABx Group Issues Over 11 Million Unquoted Options
Mar 17, 2026
ABx Group Limited has notified the market of a new issue of unquoted equity securities in the form of options. The company lodged an Appendix 3G detailing the creation of these securities, which are not quoted and are not intended to be quoted on ...
ABx Group Issues 37.3 Million Unquoted Options Expiring in 2027
Mar 17, 2026
ABx Group Limited has issued 37,345,670 unquoted options, exercisable at $0.10 and expiring on 17 November 2027, under the ASX security code ABXAJ. The options, which were previously flagged to the market and are not intended to be quoted on the A...
ABx Group Issues New Shares Under Placement and Lodges Cleansing Notice
Mar 15, 2026
ABx Group has issued 11,415,228 fully paid ordinary shares to participants and directors as part of Tranche 2 of a previously announced placement, following shareholder approval at an extraordinary general meeting on 2 March 2026. The company stat...
ABx Group Seeks ASX Quotation for Over 11.4 Million New Shares
Mar 15, 2026
ABx Group Limited has lodged an application with the ASX for quotation of new fully paid ordinary shares. The filing covers the issuance and quotation of 11,415,228 ABX ordinary shares, indicating an expansion of the company’s listed equity ...
ABx Produces Higher-Grade Rare Earth Carbonate from Deep Leads Deposit
Mar 15, 2026
ABx Group has reported the successful production of a second high-purity mixed rare earth carbonate sample from its Deep Leads deposit in northern Tasmania, processed by ANSTO using column leach testwork. The latest sample shows higher proportions...
ABx joins government-backed R&D push to accelerate rare earths development
Mar 10, 2026
ABx Group has become a partner in two Australian Government-backed critical minerals RD initiatives, strengthening its position in the rare earths sector. The company will play a leading role in the new Critical Metals for Critical Industries Coop...
ABx fast-tracks development after major ionic rare earths find in Tasmania
Mar 9, 2026
ABx Group has identified several new zones of ionic adsorption clay rare earths with high extraction rates at its Deep Leads project in northern Tasmania, significantly enhancing the project’s commercial appeal. The deposit is located close ...
ABx Group Highlights Tasmanian Rare Earths Strategy for Western Supply Chains
Mar 2, 2026
ABx Group has released a presentation outlining its strategy to supply both light and heavy rare earths from its Tasmanian projects into Western supply chains. The document, prepared for the PDAC convention in Toronto, emphasises the company’...
ABx Group shareholders approve all capital-raising and option issues at EGM
Mar 2, 2026
ABx Group Limited has released the voting results from its extraordinary general meeting held on 2 March 2026, where shareholders considered a series of capital-raising and security-issuance resolutions. All eight resolutions, covering ratificatio...
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.