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Pacific American Holdings Ltd. (AU:AVM)
ASX:AVM
Australian Market

Pacific American Holdings Ltd. (AVM) AI Stock Analysis

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AU:AVM

Pacific American Holdings Ltd.

(Sydney:AVM)

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Neutral 49 (OpenAI - 5.2)
Rating:49Neutral
Price Target:
AU$0.14
â–Ľ(-0.71% Downside)
The score is held down primarily by weak financial performance (no revenue, recurring losses, and ongoing cash burn), only partly offset by a debt-free balance sheet and improved equity. Technicals are supportive with price above major moving averages and positive MACD, but momentum appears stretched (high RSI/Stoch). Valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
Debt-free Balance Sheet
A debt-free capital structure materially reduces refinancing and interest-rate risk and gives management flexibility to fund operations or investments from equity or internal funding. Over months this lowers solvency risk and extends runway while revenue is pursued.
Stronger Equity Base
The sizable increase in equity in 2024 meaningfully strengthens capitalization and provides a larger loss-absorbing buffer. This improves short-to-medium term survivability, supports potential turnaround investments, and reduces immediate pressure to raise dilutive capital.
Industry Exposure
Operating in industrial distribution places the company in a structurally necessary segment with ongoing logistics and supply-chain demand. If management secures supplier/customer relationships and scale, the model can deliver steadier volumes and margin improvement over time.
Negative Factors
No Reported Revenue
Reporting zero revenue for five consecutive years indicates the company lacks a proven operating business or product-market fit. Without revenue there is no sustainable path to margins or internal cash generation, making survival dependent on new revenue or ongoing external funding.
Persistent Cash Burn
Consistent negative operating cash flow and a larger free-cash-flow outflow in 2024 point to persistent cash burn that shortens runway and raises financing risk. This increases dilution likelihood and constrains the company's ability to invest in growth or stabilise operations.
Negative Returns on Equity
Sustained negative ROE demonstrates the company is eroding shareholder capital despite a stronger equity base. Persistent inability to generate returns from invested capital signals poor capital allocation and undermines the long-term investment case absent a credible operational turnaround.

Pacific American Holdings Ltd. (AVM) vs. iShares MSCI Australia ETF (EWA)

Pacific American Holdings Ltd. Business Overview & Revenue Model

Company DescriptionAdvance Metals Limited operates as a mineral exploration company in Canada and Australia. The company holds a 100% interest in the Elko coking coal project comprising 3 exploration licenses covering an area of approximately 8,824 acres located in Kootenay region in British Columbia, Canada; and the Anderson Creek gold project covering an area of 2,340 acres, as well as the Garnet Creek copper project that consists of 1,150 hectares located in Idaho. It also has exploration licenses in the metallurgical coal region of the Arkoma Basin in Oklahoma; and focuses on the development of renewable hydro projects within Australia and the South Pacific Region. The company was formerly known as Pacific American Holdings Limited and changed its name to Advance Metals Limited in June 2022. Advance Metals Limited is based in Sydney, Australia.
How the Company Makes Money

Pacific American Holdings Ltd. Financial Statement Overview

Summary
Income statement and cash flow are very weak: zero reported revenue across 2020–2024, recurring net losses (loss widened in 2024), and consistently negative operating and free cash flow with higher cash burn in 2024. The main offset is balance-sheet strength (no debt and higher equity in 2024), which reduces solvency risk but does not fix the underlying lack of profitable operations.
Income Statement
12
Very Negative
Across 2020–2024 annual reports, the company reports zero revenue and gross profit, while operating results remain consistently loss-making (EBIT and net income negative each year). Losses narrowed meaningfully in 2023 versus 2022, but widened again in 2024 (net loss of -951k vs -713k in 2023), indicating an unstable earnings trajectory and limited evidence of an operating turnaround from the data provided.
Balance Sheet
58
Neutral
The balance sheet shows no debt in every year provided, which meaningfully reduces financial risk. Equity increased substantially in 2024 (to ~8.65m from ~5.67m in 2023), strengthening capitalization; however, returns on equity are consistently negative (roughly -11% to -25% across the period), reflecting ongoing value erosion from recurring losses despite the stronger equity base.
Cash Flow
18
Very Negative
Cash generation is weak: operating cash flow is negative every year (including -841k in 2024), and free cash flow is also consistently negative, with a larger outflow in 2024 (-2.68m vs -1.54m in 2023). While free cash flow metrics versus net loss appear favorable due to negative earnings, the core issue is persistent cash burn and volatility in free cash flow, which increases funding and sustainability risk over time.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue40.000.000.000.000.000.00
Gross Profit40.000.000.000.000.000.00
EBITDA-454.00K-951.00K18.60K-1.00M-876.69K-925.99K
Net Income-1.88M-951.00K-713.00K-1.40M-1.26M-926.00K
Balance Sheet
Total Assets11.92M8.82M5.84M5.84M5.86M4.19M
Cash, Cash Equivalents and Short-Term Investments2.14M922.91K494.00K1.26M2.26M1.01M
Total Debt0.000.000.000.000.000.00
Total Liabilities379.29K173.65K167.70K190.40K180.73K126.30K
Stockholders Equity11.54M8.65M5.67M5.65M5.68M4.06M
Cash Flow
Free Cash Flow-5.00M-2.68M-1.54M-1.91M-1.30M-1.07M
Operating Cash Flow-1.96M-840.90K-672.49K-1.22M-781.24K-952.20K
Investing Cash Flow-4.60M-1.86M-863.16K-690.18K-517.96K-132.63K
Financing Cash Flow7.62M3.13M766.00K916.50K2.55M1.65M

Pacific American Holdings Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
AU$207.51M57.0312.33%0.74%24.67%96.27%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
52
Neutral
AU$4.37M47.62-19.53%―-52.73%89.41%
49
Neutral
AU$65.94M-16.87-17.10%―――
49
Neutral
AU$67.45M-2.01-23.25%―-1.58%-3756.06%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:AVM
Pacific American Holdings Ltd.
0.14
0.10
250.00%
AU:CYG
Coventry Group Limited
0.49
-0.58
-54.25%
AU:SRH
Saferoads Holdings Limited
0.10
0.08
300.00%
DE:GJY
Boom Logistics Ltd
0.96
0.19
24.19%
AU:SGI
Stealth Global Holdings Ltd.
1.39
0.96
222.56%

Pacific American Holdings Ltd. Corporate Events

Advance Metals Issues New Shares Following Option Exercises
Jan 28, 2026

Advance Metals Limited has issued 1,608,828 fully paid ordinary shares following the exercise of options, modestly increasing its share capital base. The company confirms that the shares were issued without a prospectus under the Corporations Act disclosure exemptions, that it remains compliant with its financial reporting and continuous disclosure obligations, and that there is no additional undisclosed information material to investors, signalling a routine capital management step without new operational developments.

The most recent analyst rating on (AU:AVM) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Pacific American Holdings Ltd. stock, see the AU:AVM Stock Forecast page.

Advance Metals Refines Yoquivo Disclosure as Drilling Extends High-Grade Silver-Gold at Depth
Jan 22, 2026

Advance Metals Limited has issued an amended version of its recent Yoquivo project announcement to clarify technical references, historical drill intercept disclosures, figure annotations and metal price assumptions used in silver-equivalent calculations, while confirming that no new exploration results have been introduced and that the technical conclusions remain unchanged. The company reported that ongoing diamond drilling at the Yoquivo Silver-Gold project has delivered one of the strongest intersections recorded on the property to date, significantly extending high-grade mineralisation 70–80 metres down-dip in the Pertenencia area, with further assay results pending and over 4,500 metres of historic core now sampled to support an updated geological model and new JORC resource, underscoring the project’s potential for resource expansion and greater leverage to silver prices.

The most recent analyst rating on (AU:AVM) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Pacific American Holdings Ltd. stock, see the AU:AVM Stock Forecast page.

Advance Metals Uncovers Shallow High-Grade Gold East of Happy Valley Deposit
Jan 20, 2026

Advance Metals Limited has discovered a new shallow, high-grade gold-bearing quartz vein structure approximately 100 metres east of the historic Happy Valley mine workings at its Myrtleford Project in Victoria, with drill hole AMD016 intersecting 0.6 metres at 66.7 g/t gold less than 50 metres below surface. The find, interpreted as a previously unrecognised structure with a similar orientation to the historically mined but high-grade Porpunkah Reef, represents the shallowest mineralisation drilled at Happy Valley to date and supports the potential for additional parallel lodes, prompting the company to continue step-out and regional drilling with two diamond rigs to test both the new structure and deeper extensions of known lodes, which could materially enhance the project’s resource potential and exploration upside for stakeholders.

The most recent analyst rating on (AU:AVM) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Pacific American Holdings Ltd. stock, see the AU:AVM Stock Forecast page.

Advance Metals Hits Exceptional Silver-Gold Grades at Yoquivo, Extending High-Grade System at Depth
Jan 13, 2026

Advance Metals has reported exceptional new assay results from its ongoing diamond drilling program at the Yoquivo Silver-Gold Project in Chihuahua, Mexico, including one of the strongest intersections ever recorded on the property, with grades up to 2,780g/t silver and 38.6g/t gold. The latest hole has extended high-grade mineralisation 70–80 metres down-dip in the Pertenencia area, indicating strong resource expansion potential at depth, while additional assay results from four completed holes and a large program re-sampling more than 4,500 metres of historic core are pending; together, these datasets are expected to underpin an updated geological model and a new JORC resource estimate for the project in early 2026, reinforcing Yoquivo’s status as a robust, high-grade silver-gold system with significant growth potential.

The most recent analyst rating on (AU:AVM) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Pacific American Holdings Ltd. stock, see the AU:AVM Stock Forecast page.

Advance Metals Director Increases Shareholding Through Vesting of Performance Rights
Jan 5, 2026

Advance Metals Limited has reported a change in the interests of director Adam Robert McKinnon following the vesting of performance rights. On 5 January 2026, McKinnon converted 3,369,984 performance rights into an equivalent number of fully paid ordinary shares at no cash consideration, increasing his direct shareholding to 9,444,984 shares while reducing his performance rights balance to 1,684,992 and leaving his 166,667 AVMO options unchanged, signalling ongoing alignment of director incentives with shareholder interests through equity-based remuneration.

The most recent analyst rating on (AU:AVM) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Pacific American Holdings Ltd. stock, see the AU:AVM Stock Forecast page.

Advance Metals Issues 500,000 Unquoted Options
Jan 5, 2026

Advance Metals Limited has notified the market of the issue of 500,000 unquoted options exercisable at A$0.15 and expiring on 30 December 2027, under its ASX code AVM. The new options, which are not intended to be quoted on the ASX, modestly expand the company’s unquoted equity base and may provide additional incentive or funding flexibility depending on how and when they are exercised.

The most recent analyst rating on (AU:AVM) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Pacific American Holdings Ltd. stock, see the AU:AVM Stock Forecast page.

Advance Metals Issues 3.37 Million New Shares on Option Conversions
Jan 5, 2026

Advance Metals Limited has notified the market of the issue of 3,369,984 new ordinary fully paid shares on 5 January 2026 following the exercise or conversion of previously unquoted options or other convertible securities. The move modestly expands the company’s share base and reflects the transition of unquoted instruments into tradable equity, which may enhance liquidity for investors and slightly adjust existing shareholders’ relative holdings.

The most recent analyst rating on (AU:AVM) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Pacific American Holdings Ltd. stock, see the AU:AVM Stock Forecast page.

Advance Metals Seeks ASX Quotation for 1 Million New Shares
Jan 5, 2026

Advance Metals Limited has applied to the ASX for quotation of 1,000,000 new ordinary fully paid shares, to be issued under its existing code AVM. The application, lodged as a new announcement dated 5 January 2026, formalises the listing of these securities, which were issued as part of a previously announced transaction, modestly expanding the company’s quoted capital base and providing additional tradable equity for investors.

The most recent analyst rating on (AU:AVM) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Pacific American Holdings Ltd. stock, see the AU:AVM Stock Forecast page.

Advance Metals Withdraws and Corrects Earlier Unquoted Securities Notice
Dec 30, 2025

Advance Metals Limited has notified the ASX that it is cancelling a previous Appendix 3G announcement concerning the issue, conversion or payment up of unquoted securities. The company stated that the earlier filing, dated 18 December 2025, contained an error regarding the option class, which was incorrectly recorded as AVMO, and has now been formally withdrawn and replaced by this correction, clarifying its unquoted securities disclosure for investors and regulators.

Advance Metals Grants 2 Million Performance Rights to Director David O’Connor
Dec 30, 2025

Advance Metals Limited has disclosed a change in the interests of director David O’Connor, who has been issued 2,000,000 performance rights following shareholder approval. The issue, made for no cash consideration, increases O’Connor’s holding in the company from zero to 2,000,000 performance rights, aligning his incentives more closely with company performance and signaling continued use of equity-based remuneration in the company’s governance framework.

Advance Metals Issues 64.5 Million Unquoted Attaching Options
Dec 30, 2025

Advance Metals Limited has notified the market of the issue of 64,499,999 unquoted attaching options, exercisable at $0.15 and expiring on 30 December 2027. These options, which form part of previously announced transactions and are not intended to be quoted on the ASX, represent a significant expansion of the company’s unquoted equity base and may provide additional future funding flexibility and potential dilution for existing shareholders if exercised.

Advance Metals Seeks ASX Quotation for 8.2 Million New Shares
Dec 30, 2025

Advance Metals Limited has applied to the ASX for quotation of 8,200,000 new ordinary fully paid shares, issued on 22 December 2025. The additional securities, arising from the exercise or conversion of existing instruments, will expand the company’s quoted share capital, potentially affecting liquidity and ownership structure once trading in the new shares commences.

Advance Metals Issues 2 Million Unquoted Performance Rights Under Incentive Scheme
Dec 30, 2025

Advance Metals Limited has notified the market of the issue of 2,000,000 unquoted performance rights under its employee incentive scheme, with an issue date of 29 December 2025. The move underscores the company’s ongoing use of equity-linked incentives to align staff and management interests with shareholder value, while not immediately affecting the free-float of quoted shares on the ASX given that the securities will remain unquoted.

Advance Metals Issues 5 Million Unlisted Options to Support Capital Structure
Dec 30, 2025

Advance Metals Limited has notified the market that it will issue 5 million unlisted attaching options with an exercise price of A$0.15 and an expiry date of 29 December 2027. These unquoted options, which arise from a previously announced transaction, are not intended to be listed on the ASX and will expand the company’s pool of equity-linked instruments, potentially affecting future capital structure and shareholder dilution depending on conversion levels.

Advance Metals Seeks ASX Quotation for 8.5 Million New Shares
Dec 30, 2025

Advance Metals Limited has applied to the ASX for quotation of 8,500,000 new ordinary fully paid shares, with an issue date of 30 December 2025, under its ticker AVM. The additional quoted securities expand the company’s listed capital base, which may support its funding capacity for ongoing projects and could modestly increase liquidity for existing shareholders, though no further details on the underlying transaction are provided in the filing.

Advance Metals Seeks ASX Quotation for Over 63 Million New Shares
Dec 30, 2025

Advance Metals Limited has applied to the ASX for quotation of 63,298,158 new fully paid ordinary shares under code AVM, increasing the number of its listed securities. The issuance, formalised via an Appendix 2A lodgement dated 30 December 2025, will expand the company’s quoted capital base, which may support future funding flexibility and market liquidity for existing and new shareholders.

Advance Metals Wins Strong Shareholder Backing for Capital Raising Resolutions
Dec 23, 2025

Advance Metals Limited reported that all resolutions presented at its 23 December 2025 general meeting were passed by shareholders via poll under the Australian Corporations Act and ASX listing rules. Investors strongly backed the ratification of prior share issues under Tranche 1 of a placement, approvals to issue further Tranche 2 placement shares, free attaching options and options to Arlington Group Asset Management, as well as the grant of performance rights to David O’Connor, signalling robust shareholder support for the company’s current capital-raising structures and incentive arrangements.

Advance Metals Issues 4.2 Million New Shares
Dec 18, 2025

Advance Metals Limited, an Australian entity listed under the ASX code AVM, has issued 4,200,000 new ordinary fully paid shares on December 18, 2025, as part of its ongoing financial or operational activities. This issuance reflects the company’s strategic decision to manage its equity structure actively, which may have implications for stakeholder interests by potentially influencing the company’s market positioning and growth strategies.

Advance Metals Accelerates Drilling at Yoquivo Silver-Gold Project
Dec 17, 2025

Advance Metals Limited has made significant progress on their Yoquivo Silver-Gold Project in Mexico, with a fully funded diamond drilling program targeting high-grade silver-gold mineralization. The program has already completed five drill holes across multiple targeted areas, and ongoing exploration efforts include testing previously unexplored areas and re-evaluating historical drill core for resource expansion. These activities are expected to enhance the geological model and contribute to an updated JORC-compliant resource estimate, potentially strengthening the company’s positioning in the precious metals sector.

Advance Metals Issues Unlisted Options in Strategic Move
Dec 8, 2025

Advance Metals Limited has announced the issuance of 1,500,000 unlisted options with an exercise price of $0.15, set to expire on December 3, 2027. This move is part of a previously announced transaction, and the securities are not intended to be quoted on the ASX, indicating a strategic decision to manage its equity structure and potentially incentivize stakeholders.

Advance Metals Limited Issues New Securities to Strengthen Operations
Dec 8, 2025

Advance Metals Limited has announced the issuance of 1,761,364 new ordinary fully paid securities as part of its strategic efforts to bolster its financial position and support ongoing projects. This move is expected to enhance the company’s operational capacity and potentially improve its market standing by increasing its resource base and financial flexibility.

Advance Metals Limited Announces Investor Webinar on Promising Project Developments
Nov 25, 2025

Advance Metals Limited has announced an upcoming investor webinar to discuss recent developments in its key projects. The Myrtleford Gold Project has shown promising results with high-grade gold findings, leading to increased drilling activities. Similarly, the Yoquivo Silver-Gold Project has resumed drilling, aiming to expand its high-grade silver-gold vein, with plans to upgrade its resource estimates. These updates indicate significant progress in the company’s exploration efforts, potentially enhancing its market position and offering growth opportunities for stakeholders.

Advance Metals Limited Announces Digital-First Approach for Upcoming General Meeting
Nov 21, 2025

Advance Metals Limited (ASX: AVM) has announced that it will hold a General Meeting on December 23, 2025, at 10:00 am WST. In line with the Corporations Amendment (Meetings and Documents) Act 2022, the company will not distribute hard copies of the Notice of Meeting unless specifically requested by shareholders. Instead, the Notice can be accessed online, and shareholders who have opted for electronic communications will receive an email with a link to the meeting documents. This move aligns with modern digital communication practices, potentially enhancing shareholder engagement and reducing costs.

Advance Metals Limited Announces General Meeting for Share and Option Issuances
Nov 21, 2025

Advance Metals Limited has announced a General Meeting to be held on December 23, 2025, focusing on several key resolutions related to share and option issuances. The agenda includes ratifying prior share issues, approving new share and option issuances under different tranches, and issuing performance rights. These actions are aimed at strengthening the company’s financial position and expanding its shareholder base, potentially impacting its market positioning and stakeholder interests.

Advance Metals Enhances Silver Discovery with New Advisory Board
Nov 19, 2025

Advance Metals Limited has established a Mexican Advisory Board to enhance its silver discovery and growth capabilities, aiming to accelerate its expansion across three high-grade silver-gold projects in Mexico. The company has appointed two experienced members to the board, who will provide strategic and operational guidance. With a recent $13 million funding boost, Advance Metals is well-positioned to pursue its mid-term growth target of over 200 million ounces of silver-equivalent, with high-impact drilling set to commence at its Yoquivo project and subsequent drilling at Guadalupe y Calvo and Gavilanes.

Advance Metals Unveils Promising Gold Discovery at Happy Valley
Nov 19, 2025

Advance Metals Limited announced the successful intersection of visible gold during a deep drilling program at its Happy Valley deposit in the Victorian Goldfields. The discovery, made 140 meters below previous findings, suggests a high-grade gold system that extends over 500 meters vertically and remains open in all directions, indicating significant expansion potential. The company is currently processing the core samples, with assay results expected in the coming weeks. This exploration is fully funded following a recent $13 million placement, underscoring the company’s commitment to advancing its exploration efforts.

Advance Metals Confirms High-Grade Gold at Happy Valley
Nov 17, 2025

Advance Metals Limited has announced significant high-grade gold assay results from its deep drilling at the Happy Valley Deposit in the Victorian Goldfields, Australia. The results confirm the presence of high-grade gold mineralization extending over 500 meters vertically, with the system remaining open in all directions. This development marks a major advancement in the company’s exploration efforts, with a second diamond rig mobilized to accelerate drilling along the Happy Valley Trend. The company is also initiating a maiden drilling program at the Queen of the Hills prospect, potentially adding significant value to its high-grade discovery in the region.

Advance Metals Aims to Become Major Silver Developer in Mexico
Nov 6, 2025

Advance Metals Limited, trading under the ASX ticker AVM, is accelerating its growth to become a major silver developer in Mexico. The company’s recent acquisitions, including the Yoquivo, Gavilanes, and Guadalupe y Calvo projects, position it strategically in the high-grade silver market, potentially impacting its operations and industry standing significantly.

Advance Metals Uncovers High-Grade Mineralization at Yoquivo Project
Nov 4, 2025

Advance Metals Limited has announced positive initial results from a sampling program at the Yoquivo Silver-Gold Project in Mexico. The program revealed high-grade silver and gold mineralization in previously unsampled core, with grades reaching up to 848g/t AgEq. These findings suggest significant untapped potential in the area, prompting the company to continue its sampling efforts and update its geological model, which could enhance its resource estimates and bolster its industry positioning.

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: Jan 15, 2026