Contango Asset Management Ltd. (AU:APL)
ASX:APL
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Contango Asset Management Ltd.
(Sydney:APL)
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Rating:55Neutral
Price Target:
AU$0.31
▲(71.11% Upside)
Action:ReiteratedDate:02/07/26
The score is primarily supported by improving financial trajectory (positive operating/free cash flow and reduced losses) and a strong technical uptrend above key moving averages. Offsetting these positives are continued net losses (negative P/E) and an overextended RSI that increases near-term pullback risk.
Positive Factors
Revenue Growth
Revenue growth (6.7% in 2025 and multi-year expansion in fundamentals) signals rising demand for the firm's strategies and growth in fee-bearing assets. Durable top-line expansion supports operating leverage and improves the odds of sustained profitability if margins and costs remain controlled.
Negative Factors
Persistent Net Losses
Despite margin and cash improvements, persistent net losses and negative ROE limit retained earnings and the company's ability to rebuild equity organically. Continuation of losses would impair capital formation and restrict strategic choices like product expansion or shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Revenue growth (6.7% in 2025 and multi-year expansion in fundamentals) signals rising demand for the firm's strategies and growth in fee-bearing assets. Durable top-line expansion supports operating leverage and improves the odds of sustained profitability if margins and costs remain controlled.
Read all positive factors
Contango Asset Management Ltd. (APL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$17.26M
Dividend YieldN/A
Average Volume (3M)25.90K
Price to Earnings (P/E)―
Beta (1Y)-0.64
Revenue Growth15.52%
EPS Growth79.73%
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management - Global
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding57,542,427
10 Day Avg. Volume63,547
30 Day Avg. Volume25,904
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)0.81
Price to Sales (P/S)0.93
P/FCF Ratio7.05
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
Contango Asset Management Ltd. Business Overview & Revenue Model
Company Description
Associate Global Partners Limited is a publicly owned investment manager. It manages large cap, mid cap, small cap, micro cap, and income focused mandates for its institutional clients. The company was formerly known as Contango Asset Management L...
How the Company Makes Money
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Contango Asset Management Ltd. Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
62
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.21M | 6.66M | 6.03M | 5.66M | 6.21M | 5.54M |
| Gross Profit | 6.13M | 6.50M | 5.08M | 3.85M | 4.32M | 3.94M |
| EBITDA | 421.00K | -42.00K | -421.00K | -1.75M | -425.00K | -757.00K |
| Net Income | 210.00K | -171.00K | -798.00K | -1.99M | -642.00K | -800.00K |
Balance Sheet | ||||||
| Total Assets | 12.98M | 12.58M | 12.71M | 13.09M | 13.21M | 13.86M |
| Cash, Cash Equivalents and Short-Term Investments | 5.20M | 4.84M | 4.18M | 4.05M | 6.59M | 5.53M |
| Total Debt | 1.77M | 1.93M | 1.74M | 1.95M | 1.62M | 1.64M |
| Total Liabilities | 5.24M | 4.92M | 4.99M | 6.01M | 4.31M | 4.48M |
| Stockholders Equity | 7.75M | 7.67M | 7.72M | 7.08M | 8.90M | 9.37M |
Cash Flow | ||||||
| Free Cash Flow | 1.43M | 882.00K | -495.00K | -2.17M | -833.00K | -312.00K |
| Operating Cash Flow | 1.46M | 885.00K | -489.00K | -2.16M | -824.00K | -307.00K |
| Investing Cash Flow | -269.00K | -226.00K | -607.00K | -307.00K | 1.82M | 1.82M |
| Financing Cash Flow | -247.00K | 0.00 | 1.23M | -71.00K | 76.00K | 70.00K |
Contango Asset Management Ltd. Technical Analysis
Positive
0.18
Price Trends
0.23
Positive
0.20
Positive
0.16
Positive
Market Momentum
0.02
Negative
85.09
Negative
26.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:APL, the sentiment is Positive. The current price of 0.18 is below the 20-day moving average (MA) of 0.27, below the 50-day MA of 0.23, and above the 200-day MA of 0.16, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 85.09 is Negative, neither overbought nor oversold. The STOCH value of 26.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:APL.
Contango Asset Management Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$60.75M | 2.97 | 35.99% | 6.39% | 22.67% | 19.47% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | AU$96.97M | 8.98 | 2.68% | 1.96% | 40.89% | 175.00% | |
55 Neutral | AU$17.26M | -78.67 | 2.73% | ― | 15.52% | 79.73% | |
53 Neutral | AU$28.44M | 46.88 | 4.11% | 2.03% | 18.17% | ― | |
41 Neutral | AU$74.75M | -15.76 | -16.95% | ― | ― | 76.36% |
* Financial Sector Average
AU:APL
Contango Asset Management Ltd.
0.30
0.15
100.00%
AU:CIW
Clime Investment Management Ltd
0.35
0.01
3.60%
AU:MAM
Microequities Asset Management Group Ltd.
0.47
-0.01
-2.52%
AU:ARA
Ariadne Australia Limited
0.50
0.03
6.38%
AU:SHN
Sunshine Gold Ltd
0.03
0.02
190.00%
Contango Asset Management Ltd. Corporate Events
Associate Global Partners Director Increases Shareholding via On-Market Trades
Apr 2, 2026
Associate Global Partners Limited has reported a change in the interests of director Martin Francis Switzer, reflecting increased exposure to the company’s ordinary shares as well as continued holdings in affiliated managed funds. The disclo...
AGP and Muzinich List Australia’s First Daily Liquid Private Credit ETF on ASX
Apr 1, 2026
AGP Investment Management and Muzinich Co. have launched the Muzinich BDC Income Fund – Active ETF on the ASX under the ticker BDCI, giving Australian investors daily liquid access to a diversified portfolio of 20 to 45 US-listed business d...
Director Martin Switzer Increases Stake in Associate Global Partners
Mar 26, 2026
Associate Global Partners has reported a change in director Martin Francis Switzer’s interests in the company’s securities, reflecting an increase in his indirect shareholding. The disclosure outlines his mix of direct and indirect hol...
Associate Global Partners Director Increases Shareholding via On-Market Purchase
Mar 19, 2026
Associate Global Partners Limited reported a change in director Martin Francis Switzer’s interests following an on-market trade in the company’s ordinary shares. Switzer, who holds both direct and indirect stakes through various contro...
Associate Global Partners Director Increases Equity Stake via On-Market Purchase
Mar 16, 2026
Associate Global Partners Limited has disclosed a change in director Martin Francis Switzer’s interests, reflecting his holdings in both company shares and units in listed funds managed by its subsidiary. Switzer holds a mix of direct and in...
Associate Global Partners Director Rebalances Shareholding in Off-Market Trade
Mar 3, 2026
Associate Global Partners Limited has disclosed changes in the holdings of director Martin Francis Switzer, who maintains both direct and indirect interests in the company’s ordinary shares and in units of listed funds managed by its subsidi...
Associate Global Partners Outlines FY26 Priorities in Investor Presentation
Feb 27, 2026
Associate Global Partners Limited has released an investor presentation for February 2026 outlining its operations, financial position, and strategic priorities. The document signals the company’s intent to review its first-half fiscal 2026 ...
Associate Global Partners Narrows Half-Year Loss as Revenue Jumps, No Dividend Declared
Feb 27, 2026
Associate Global Partners Limited, an ASX-listed asset and wealth manager, reported a modest increase in net tangible asset backing to 3.0 cents per share for the half year ended 31 December 2025, compared with the prior corresponding period. The ...
Associate Global Partners Director Increases Holding via Dividend Reinvestment
Jan 27, 2026
Associate Global Partners Limited has disclosed a change in director Nerida Campbell’s indirect interests, with an increase of 257 units in the WCM Quality Global Growth Fund – Active ETF via the fund’s dividend reinvestment plan...
Associate Global Partners Director Increases Holding in WCMQ ETF via Dividend Reinvestment
Jan 27, 2026
Associate Global Partners has disclosed a change in director Jason Craig Billings’ indirect interests, following the issue of additional units in the WCM Quality Global Growth Fund – Active ETF to his superannuation entity under the fu...
Associate Global Partners Director Lifts Fund Units via Dividend Reinvestment
Jan 27, 2026
Associate Global Partners Limited has disclosed a change in director Brett Peter Cairns’ indirect interests, stemming from his roles as director, shareholder and beneficiary in various Euclid Pty Limited–related entities that hold secu...
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.