ASF Group Limited (AFA) AI Stock Analysis

• Market Cap: AU$2.38M
• Dividend Yield: N/A
• Average Volume (3M): 845.00
• Price to Earnings (P/E): ―
• Beta (1Y): -1.89
• Revenue Growth: 136.02%
• EPS Growth: -22.11%
• Country: AU
• Employees: 3
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): >-0.01
• Shares Outstanding: 792,397,500
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 845
• PEG Ratio: -0.30
• Price to Book (P/B): -0.09
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.12
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 39 Underperform
• Price Target: ―

ASF Group Limited's overall stock score is driven by significant financial difficulties, with persistent losses and negative equity raising concerns about its financial health. Technical analysis is limited due to a lack of data, but the low beta indicates reduced volatility. The poor valuation, highlighted by a negative P/E ratio and lack of dividend yield, further impacts the score. These factors collectively result in a low overall score, reflecting considerable risk and limited appeal to investors.

ASF Group Limited Business Overview & Revenue Model

Company Description

ASF Group Limited, an investment and trading house, operates in the property, resources, technology, and financial sectors in Australia and Asia. It holds interests in copper-gold and gold mineralization projects in Queensland; oil and gas projects in the Canning Basin, Western Australia; conventional and unconventional oil and gas projects in the North Perth and Canning Basin, Western Australia; and coal tenements in Queensland. The company also develops tourism, mixed-use, and urban renewal projects. In addition, it offers property marketing services, as well as fund management and advisory services on public listing, financial advisory, visa migration, and entry and expansion in Australia. The company was incorporated in 1980 and is based in Sydney, Australia.

How the Company Makes Money

ASF Group Limited makes money through its investment activities in various sectors. The company generates revenue by investing in real estate projects, resource exploration and development, and infrastructure ventures. ASF Group also benefits from the appreciation of asset values and dividends from its investments. Additionally, the company may earn income through strategic partnerships and joint ventures that enhance its project portfolio and expand its market reach.

ASF Group Limited Financial Statement Overview

Summary

ASF Group Limited is facing significant financial challenges across all key financial statements. The income statement shows persistent losses and declining revenues. The balance sheet reveals negative equity and high leverage, posing financial stability risks. Cash flow analysis indicates a lack of cash generation from operations and declining free cash flow, further highlighting the company's financial difficulties.

Income Statement

The company has experienced declining revenues over the past few years, with the latest annual revenue dropping significantly. The gross profit margin is negative, indicating cost of goods sold exceeds total revenue. Net profit margin is also deeply negative, reflecting substantial losses. The company's EBIT and EBITDA margins are negative, highlighting operational inefficiencies and a lack of profitability.

Balance Sheet

The company's financial health is concerning, with a negative stockholders' equity, indicating liabilities exceed assets. The debt-to-equity ratio is not meaningful due to negative equity, but the high total debt level suggests potential leverage risks. Return on Equity is negative, reflecting consistent net losses. The equity ratio is negative, indicating financial instability.

Cash Flow

The company faces challenges with negative operating and free cash flows, indicating insufficient cash generation from operations to cover capital expenditures. Free cash flow declined over the previous year, and the operating cash flow to net income ratio is negative due to consistent losses.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	703.00K	976.00K	2.20M	1.53M	4.34M
Gross Profit	-505.00K	1.00K	1.26M	1.15M	4.05M
EBITDA	-4.91M	-9.39M	-2.23M	-1.12M	-2.81M
Net Income	-9.29M	-11.54M	-4.06M	-3.23M	-5.95M
Balance Sheet
Total Assets	8.74M	13.03M	20.05M	20.72M	22.96M
Cash, Cash Equivalents and Short-Term Investments	1.33M	2.10M	4.41M	4.04M	3.83M
Total Debt	35.03M	28.98M	24.41M	20.65M	19.32M
Total Liabilities	35.97M	30.36M	24.89M	21.02M	19.80M
Stockholders Equity	-24.20M	-14.94M	-3.02M	1.05M	4.40M
Cash Flow
Free Cash Flow	-3.28M	-4.01M	-1.45M	-2.44M	-1.82M
Operating Cash Flow	-3.19M	-3.98M	-1.20M	-2.36M	-1.56M
Investing Cash Flow	-114.00K	74.00K	-144.00K	1.28M	2.27M
Financing Cash Flow	2.51M	2.01M	1.71M	1.34M	-1.81M

ASF Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	67 Neutral	$17.78B	11.60	9.11%	3.88%	10.92%	-3.96%
FNX	62 Neutral	AU$17.13M	196.43	-0.72%	1.82%	17.07%	-107.76%
EQS	44 Neutral	AU$4.17M	―	-1347.45%	―	18.89%	11.54%
AFA	39 Underperform	AU$2.38M	―		―	136.02%	-22.11%
ABE	37 Underperform	AU$3.83M	―	-138.44%	―	-24.65%	38.99%

ASF Group Limited Corporate Events

ASF Group Limited Reports Quarterly Cash Flow Results

ASF Group Limited’s quarterly cash flow report for the period ending June 30, 2025, reveals a net cash outflow from operating activities amounting to $280,000, primarily due to staff and corporate costs. The company also reported a net cash outflow from investing activities of $56,000, with minimal investment in property, plant, and equipment. Meanwhile, financing activities remained inactive this quarter, with no new equity or debt securities issued, although the year-to-date financing cash flow shows a positive $2.9 million from borrowings. This financial snapshot indicates ASF Group’s cautious approach towards investment and financing, reflecting its strategic focus on maintaining liquidity while navigating market challenges.

ASF Group Limited Appoints New Auditor

ASF Group Limited has announced a change in its auditing firm, appointing Wis Audit Pty Ltd as the new auditor following the resignation of Nexia Sydney Audit Pty Ltd. This decision was made after a review of external audit arrangements and commercial terms, and will be proposed for ratification at the next Annual General Meeting. The change is part of ASF’s ongoing efforts to optimize its operations and maintain strong governance practices.