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Equity Story Group Ltd.
(Sydney:AEG)
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Rating:48Neutral
Price Target:
AU$0.08
Action:Upgraded
Date:07/03/26
The score is held down primarily by weak financial performance—multi-year losses, ongoing cash burn, and negative equity with rising debt. Technicals provide some support with price trading above major moving averages, but momentum is not decisively strong. Valuation is also a headwind due to loss-making status (negative P/E) and no dividend yield support.
Positive Factors
Strong gross margins (2023–2025)
Reported strong gross margins across 2023–2025 indicate the company’s core services or products generate healthy direct profitability. That underlying margin strength is a durable economics signal: if operating expenses can be managed or scaled, gross margins provide a clear route to improving operating profitability over months rather than days.
Negative Factors
Negative shareholders' equity since 2024
Shareholders’ equity turning negative is a major, persistent capital-structure weakness. It signals cumulative losses and erodes the balance-sheet cushion, constraining borrowing, increasing covenant and counterparty risk, and often forcing dilutive capital raises or expensive financing that materially limit strategic optionality over a multi-month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong gross margins (2023–2025)
Reported strong gross margins across 2023–2025 indicate the company’s core services or products generate healthy direct profitability. That underlying margin strength is a durable economics signal: if operating expenses can be managed or scaled, gross margins provide a clear route to improving operating profitability over months rather than days.
Read all positive factors
Equity Story Group Ltd. (AEG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$62.48M
Dividend YieldN/A
Average Volume (3M)354.17K
Price to Earnings (P/E)―
Beta (1Y)0.29
Revenue Growth-8.32%
EPS Growth35.85%
CountryAU
Employees2
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.02
Shares Outstanding743,844,240
10 Day Avg. Volume191,083
30 Day Avg. Volume354,165
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)-3.29
Price to Sales (P/S)2.42
P/FCF Ratio-1.54
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
Equity Story Group Ltd. Business Overview & Revenue Model
Company Description
Managed by Bennelong Long Short Equity Management Pty Limited, Absolute Equity Performance Fund Limited is an Australian-domiciled equity mutual fund established in November 2015. Its primary focus is allocating capital within Australia's public e...
Equity Story Group Ltd. Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
18
Very Negative
Cash Flow
15
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.25M | 1.16M | 1.07M | 1.13M | 897.16K | 1.07M |
| Gross Profit | 36.08K | 1.16M | 881.89K | 1.05M | -3.77K | 1.06M |
| EBITDA | -2.14M | -1.53M | -1.73M | -2.49M | -1.96M | -595.66K |
| Net Income | -2.42M | -1.64M | -1.92M | -2.57M | -1.98M | -536.84K |
Balance Sheet | ||||||
| Total Assets | 4.14M | 1.84M | 1.53M | 2.55M | 4.50M | 5.65M |
| Cash, Cash Equivalents and Short-Term Investments | 2.99M | 174.90K | 808.46K | 1.22M | 3.60M | 4.86M |
| Total Debt | 2.48M | 1.86M | 1.10M | 375.67K | 255.38K | 18.09K |
| Total Liabilities | 3.09M | 2.69M | 2.22M | 1.58M | 1.11M | 158.41K |
| Stockholders Equity | 1.05M | -850.79K | -682.53K | 966.96K | 3.38M | 5.49M |
Cash Flow | ||||||
| Free Cash Flow | -710.55K | -1.82M | -1.06M | -2.10M | -1.06M | -430.70K |
| Operating Cash Flow | -2.10M | -1.82M | -1.06M | -2.10M | -1.02M | -430.70K |
| Investing Cash Flow | -1.54K | -1.54K | -275.66K | -244.32K | -148.90K | -150.00K |
| Financing Cash Flow | 4.70M | 1.19M | 918.65K | -29.83K | 4.54M | -8.29K |
Equity Story Group Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | AU$212.68M | 11.87 | 16.49% | 17.89% | 29.80% | 68.37% | |
72 Outperform | AU$52.39M | 5.83 | 35.99% | 6.39% | 0.11% | 21.50% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | AU$49.62M | 13.55 | 11.37% | 5.00% | 8.25% | 28.83% | |
59 Neutral | AU$1.35M | -80.00 | 21.90% | ― | 48.10% | -100.76% | |
53 Neutral | AU$9.72M | 1.36 | 91.73% | ― | ― | ― | |
48 Neutral | AU$62.48M | -6.89 | 211.43% | ― | -8.32% | 35.85% |
* Financial Sector Average
AU:AEG
Equity Story Group Ltd.
0.08
0.06
290.48%
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0.05
0.01
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0.41
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-17.52%
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WT Financial Group Ltd.
0.15
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22.88%
AU:KBC
Keybridge Capital Limited
0.05
0.00
0.00%
Equity Story Group Ltd. Corporate Events
Aland Equity Group Names Andrew Sykes as New Chief Operating and Financial Officer
Jul 2, 2026
Aland Equity Group has appointed Andrew Sykes as its new Chief Operating and Financial Officer, effective 2 July 2026. Sykes brings more than 30 years of experience in business advisory and high-level financial consulting across government, major ...
AEG Secures Landmark Funding Deed for 3,200-Lot Chinnerys Project
Jun 23, 2026
Aland Equity Group Limited has executed a long-term Property Funding Deed over the 1,000-acre Chinnerys landholding in Bungendore, New South Wales, covering about 3,200 mixed residential lots in what it calls its most strategically significant ass...
Aland Equity Group Clears New Share Issue for On-Market Trading
Jun 10, 2026
Aland Equity Group Limited has issued fully paid ordinary shares following the exercise of options and performance rights, and has lodged a cleansing notice to confirm these securities can be freely traded. The company states it is in compliance w...
Aland Equity Group Seeks ASX Quotation for 23.3 Million New Shares
Jun 10, 2026
Aland Equity Group Limited has applied for quotation on the ASX of 23,298,786 new ordinary fully paid shares, with an issue date of 10 June 2026. The move expands the number of AEG securities available for trading and reflects the conversion or ex...
Aland Equity Director Albert Wong Increases Indirect Shareholding
Jun 9, 2026
Aland Equity Group Limited has disclosed a change in director Albert Wong’s indirect interests in the company’s securities, reflecting an increase in his holdings via family and superannuation-related entities. The update reinforces tr...
Aland Equity Director Boosts Indirect Shareholding With On-Market Purchase
Jun 2, 2026
Aland Equity Group Limited has disclosed a change in the relevant interests of director Alex Brinkmeyer, in line with ASX listing rule 3.19A.2 requirements. The disclosure outlines his indirect holdings through Citicorp Nominees, Aland Pty Limited...
Aland Equity Group Clears 1.1 Million New Shares for Secondary Trading
Jun 1, 2026
Aland Equity Group Limited has issued 1,100,000 fully paid ordinary shares following the exercise of options, expanding its pool of ordinary equity securities on issue. The company confirmed that these shares were issued without a prospectus but a...
Aland Equity Director Albert Wong Increases Indirect Shareholding via On-Market Trade
May 27, 2026
Aland Equity Group Limited has reported a change in the relevant interests of director Albert Wong, reflecting an increase in his indirect holding of the company’s fully paid ordinary shares. The adjustment occurs through entities where Wong...
Aland Equity Group Seeks ASX Quotation for 1.1 Million New Shares
May 27, 2026
Aland Equity Group Ltd. has applied to have 1,100,000 new ordinary fully paid shares quoted on the Australian Securities Exchange, following their issue on 26 May 2026. The additional stock listing modestly expands the company’s quoted equit...
Aland Equity Group Outlines Structure, Risks and Limits of Investor Presentation
May 26, 2026
Aland Equity Group Limited has released an investor presentation outlining its activities as an ASX-listed investment holding company and clarifying that it does not itself provide financial services, which are instead delivered via its licensed s...
Aland Equity Group Responds to ASX Price Query on Share Trading
May 12, 2026
Aland Equity Group has responded to an ASX price query, stating it is not aware of any undisclosed information that could explain recent trading in its shares. The company reiterated that there have been no material developments regarding its prev...
Aland Equity Group in Advanced Talks on Related-Party Property Funds Deal
May 7, 2026
Aland Equity Group has disclosed that it is in advanced talks with Southern Rural Holdings, an entity linked to its non-executive chairman Alex Brinkmeyer, over a proposed property funding arrangement to underpin its push into property funds manag...
Aland Equity Director Boosts Stake Through Performance Rights Conversion
May 5, 2026
Aland Equity Group Limited has reported a change in director David Nolan’s indirect interests in the company’s securities, held through Whiteoaks Corporate Pty Limited as trustee for the Whiteoaks Family Account. Nolan is both a direct...
Aland Equity Group Seeks ASX Quotation for 21.7 Million New Shares
May 5, 2026
Aland Equity Group Ltd. has applied for quotation on the ASX of 21,698,786 ordinary fully paid shares, with an issue date of 1 May 2026. The move increases the number of AEG securities available for trading on the exchange, potentially enhancing l...
Aland Equity Group Issues Over 32 Million New Performance Rights
May 5, 2026
Aland Equity Group Limited has notified the market of the issue of 32,548,179 unquoted performance rights under the ASX code AEGAB, with an effective issue date of May 1, 2026. The large volume of new performance rights indicates an ongoing or exp...
Aland Equity Director Converts Performance Rights into 2 Million Shares
May 1, 2026
Director Alex Brinkmeyer of Aland Equity Group has adjusted his indirect holdings in the company through the conversion of performance rights into fully paid ordinary shares. The change affects securities held via Citicorp Nominees, a family trust...
Aland Equity Group Seeks ASX Quotation for 4.2 Million New Shares
May 1, 2026
Aland Equity Group Ltd., listed on the Australian Securities Exchange under code AEG, has reported the issue of additional ordinary fully paid shares. While the release provides no further operational or strategic context, the move signals continu...
Aland Equity Group appoints William Buck as new auditor
May 1, 2026
Aland Equity Group Limited, a diversified Australian financial services provider, offers investor education, market research, trading insights and funds management services, with content delivered through a subscription-based mix of publications, ...
Aland Equity Group lifts digital subscriber base as it expands funds platform into property
Apr 30, 2026
Aland Equity Group reported further development of its diversified funds platform in the March quarter, renaming its flagship Equity Story Growth Fund to the Aland Australian Equities Fund and securing an external research rating to widen distribu...
Aland Equity Director Exercises Performance Rights to Boost Shareholding
Apr 24, 2026
Aland Equity Group Limited has disclosed a change in director David Nolan’s indirect interest in the company’s securities. Nolan’s interest is held via Whiteoaks Corporate Pty Limited as trustee of the Whiteoaks Family Account, w...
Aland Equity Group Seeks ASX Quotation for 10.8 Million New Shares
Apr 24, 2026
Aland Equity Group Limited has applied to the ASX for quotation of 10,849,393 new ordinary fully paid shares under its code AEG. The securities, issued on 22 April 2026 following the exercise or conversion of existing options or other convertible ...
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.