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Boss Energy Limited (AU:BOE)
ASX:BOE

Boss Energy (BOE) AI Stock Analysis

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AU

Boss Energy

(Sydney:BOE)

Rating:52Neutral
Price Target:
Boss Energy's stock score of 52 reflects its status as a development stage company. Key strengths include strong balance sheet and liquidity, as well as positive earnings call sentiment with production growth. However, financial challenges such as lack of revenue, negative cash flow, and a negative P/E ratio weigh heavily. Mixed technical indicators and no dividend further moderate the score.

Boss Energy (BOE) vs. iShares MSCI Australia ETF (EWA)

Boss Energy Business Overview & Revenue Model

Company DescriptionBoss Energy Limited explores for, develops, and produces uranium deposits in Australia. It holds a 100% interest in the Honeymoon uranium project covering an area of approximately 2,595 square kilometers located in South Australia. The company was formerly known as Boss Resources Limited and changed its name to Boss Energy Limited in November 2020. Boss Energy Limited was incorporated in 2005 and is headquartered in Subiaco, Australia.
How the Company Makes MoneyBoss Energy Limited generates revenue through the exploration, development, and sale of uranium products. The company's primary revenue stream comes from its Honeymoon Uranium Project, located in South Australia, where it extracts uranium ore and processes it into a marketable product. Boss Energy sells this uranium to utility companies and other entities involved in nuclear power generation. The company may also engage in strategic partnerships and long-term supply agreements with international nuclear energy firms, which can provide stable and predictable revenue. Additionally, Boss Energy's earnings are influenced by global uranium market prices, regulatory factors, and demand for clean energy sources.

Boss Energy Earnings Call Summary

Earnings Call Date:Feb 26, 2025
(Q2-2025)
|
% Change Since: 50.77%|
Next Earnings Date:Sep 24, 2025
Earnings Call Sentiment Positive
The earnings call presented a strong performance with substantial production increases and financial stability. While there were concerns about cost increases and installation delays, these were overshadowed by robust growth metrics and positive market projections.
Q2-2025 Updates
Positive Updates
Record Quarterly Production Growth
137,000 pounds of uranium were drummed during the quarter, up 53% from the previous quarter, and 215,000 pounds of Ion Exchange production, up 96% from the previous quarter.
Financial Strength
Boss Energy retains $252 million in cash and liquid assets, a $7 million increase from the previous quarter, with zero debt.
Successful Commissioning of Kiln 2
The final installation and commissioning of Kiln 2 was completed, contributing to the ability to achieve nameplate capacity.
Impressive Sales Performance
Sold 200,000 pounds of uranium at a realized price of US$77.5 per pound.
Positive Market Outlook for Uranium
Significant increase in global nuclear capacity projected, with demand expected to more than double by 2050.
Negative Updates
Cost Increases Due to Inflation
C1 costs increased in line with inflation, with wellfields CapEx also rising due to labour costs.
Installation Delays
Approximately two weeks of production were lost due to delays in the installation and commissioning of Kiln 2.
Company Guidance
During the Boss Energy Investor Conference Call for the December Quarter 2024, Managing Director Duncan Craib provided comprehensive guidance for the second half of the 2025 financial year. Boss Energy declared commercial production and set a production guidance of 850,000 pounds of uranium for 2025. Key achievements highlighted included the drumming of 137,000 pounds of uranium, a 53% increase from the previous quarter, and 215,000 pounds of Ion Exchange production, a 96% increase. The company maintained a robust financial position with $252 million in cash and liquid assets and zero debt. They sold 200,000 pounds of uranium at a realized price of US$77.5 per pound. Boss Energy published their maiden C1 cost guidance for Honeymoon at A$37 to A$41 per pound, equivalent to US$23 to US$25 per pound. Future growth initiatives include infill drilling on satellite deposits Jason's and Gould's Dam and supporting the Alta Mesa joint venture with enCore Energy. The company is confident in achieving its 2025 guidance, with recent production averaging 3,900 pounds per day and a peak of 7,000 pounds in a 24-hour period, validating the Ion Exchange technology's impact on production throughput and cost reduction.

Boss Energy Financial Statement Overview

Summary
Boss Energy Limited's financial performance reflects its development stage, with zero revenue and negative cash flow from operations due to high capital expenditures. The balance sheet shows strength with high equity and low leverage, but operational profitability remains a significant challenge.
Income Statement
15
Very Negative
Boss Energy Limited has consistently reported zero revenue, reflecting its status as a development stage company. The negative EBIT and EBITDA margins indicate operational challenges, while the net income changes are primarily driven by non-operating activities. The lack of revenue growth is a significant concern for future profitability.
Balance Sheet
60
Neutral
The company exhibits a strong equity base with a high equity ratio, indicating lower financial leverage and risk. The debt-to-equity ratio is extremely low, showcasing prudent financial management. However, the return on equity is volatile, reflecting fluctuating net income levels. The overall balance sheet stability is a positive aspect.
Cash Flow
30
Negative
Boss Energy Limited's cash flow statement reveals significant negative free cash flow due to high capital expenditures, likely tied to development activities. Operating cash flow remains negative, indicating operational cash burn. However, the company has managed to secure financing, sustaining its activities.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
47.79M0.000.000.000.000.00
Gross Profit
-659.00K-386.00K-78.00K-40.87K-68.08K-131.21K
EBIT
-14.10M-11.14M-6.61M-6.69M-4.20M-5.61M
EBITDA
-21.69M-14.20M12.55M31.13M-3.76M-5.07M
Net Income Common Stockholders
-22.55M44.59M12.55M31.19M864.75K-5.08M
Balance SheetCash, Cash Equivalents and Short-Term Investments
18.31M67.28M89.05M132.74M20.89M3.84M
Total Assets
111.59M571.91M267.74M248.18M94.93M21.71M
Total Debt
0.00648.00K95.00K141.38K0.000.00
Net Debt
-18.31M-66.47M-88.84M-132.50M-20.87M-3.82M
Total Liabilities
9.95M61.61M16.98M11.61M9.47M9.64M
Stockholders Equity
101.64M510.30M250.76M236.57M85.46M12.06M
Cash FlowFree Cash Flow
-4.55M-102.08M-43.49M-7.37M-4.82M-2.75M
Operating Cash Flow
17.49M-11.67M-3.54M-4.35M-3.24M-2.67M
Investing Cash Flow
-23.16M-223.44M-40.64M-2.75M-51.33M-36.63K
Financing Cash Flow
-69.36K211.64M-42.00K118.86M71.61M-4.00M

Boss Energy Technical Analysis

Technical Analysis Sentiment
Positive
Last Price3.92
Price Trends
50DMA
3.28
Positive
100DMA
3.05
Positive
200DMA
3.00
Positive
Market Momentum
MACD
0.16
Positive
RSI
55.53
Neutral
STOCH
25.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BOE, the sentiment is Positive. The current price of 3.92 is above the 20-day moving average (MA) of 3.90, above the 50-day MA of 3.28, and above the 200-day MA of 3.00, indicating a bullish trend. The MACD of 0.16 indicates Positive momentum. The RSI at 55.53 is Neutral, neither overbought nor oversold. The STOCH value of 25.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BOE.

Boss Energy Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUMAU
56
Neutral
AU$460.21M-179.51%-100.00%-27.86%
AUMMI
53
Neutral
AU$396.38M-87.03%30.32%-22.58%
AUBOE
52
Neutral
$1.63B22.85-4.52%-127.09%
AUAGE
51
Neutral
AU$123.96M-5.22%
51
Neutral
$2.04B-1.15-21.37%3.64%2.88%-30.57%
AUAIS
48
Neutral
AU$164.61M6.838.30%-7.16%
AULOT
48
Neutral
AU$414.70M-15.51%-129.85%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:BOE
Boss Energy
3.92
-0.12
-2.97%
AU:AIS
Aeris Resources Limited
0.17
-0.06
-26.09%
AU:AGE
Alligator Energy Ltd
0.03
-0.02
-40.00%
AU:MMI
Metro Mining Limited
0.07
0.03
75.00%
AU:MAU
Magnetic Resources NL
1.72
0.66
62.26%
AU:LOT
Lotus Resources Limited
0.16
-0.22
-57.89%

Boss Energy Corporate Events

Boss Energy Reports Positive Cash Flow and Strong Production in March 2025 Quarter
Apr 29, 2025

Boss Energy has reported its March 2025 quarterly results, highlighting the Honeymoon project’s first positive free cash flow and a successful ramp-up with strong production margins. The company remains on track to meet its production and cost guidance for the fiscal year 2025, with strategic investments and ongoing growth initiatives expected to enhance its market position and provide significant exploration and development opportunities.

Boss Energy Advances Alta Mesa Uranium Project Expansion
Apr 22, 2025

Boss Energy Limited announced the ongoing expansion of the Alta Mesa Uranium Project, operated by enCore Energy Corp. The project is progressing towards an annual production rate of 1.5 million pounds of U3O8, with significant advancements in wellfield development and optimization. This expansion is expected to enhance the productive life of existing wellfields and improve future operations, potentially strengthening Boss Energy’s position in the uranium market.

Boss Energy Limited Announces Change in Substantial Holder Interests
Apr 16, 2025

Boss Energy Limited has announced a change in the interests of a substantial holder, with State Street Bank and Trust Company being a significant stakeholder. The change involves various securities lending agreements, which impact the voting power and relevant interests of the company, potentially affecting its market position and stakeholder dynamics.

Citigroup Increases Stake in Boss Energy
Apr 8, 2025

Boss Energy Limited has announced a change in the interests of a substantial shareholder, Citigroup Global Markets Australia Pty Limited, which is part of the Citigroup group of companies. The notice reveals an increase in Citigroup’s voting power in Boss Energy from 5.6544% to 6.6696%. This change reflects Citigroup’s increased relevant interest in Boss Energy’s shares through securities lending agreements and stock market transactions, potentially impacting the company’s shareholder dynamics and market perception.

Boss Energy Reports Increased Uranium Extraction at Alta Mesa
Apr 7, 2025

Boss Energy Limited announced an increase in uranium extraction at the Alta Mesa Uranium Project, with enCore Energy Corp ramping up production to an annualized rate of 1.5 million pounds of U3O8. The project achieved a uranium capture of 50,000 pounds in March 2025, with Boss entitled to 30% of this output. The improved production rates have allowed enCore to accelerate its contract delivery requirements from August to May 2025, highlighting the project’s operational success and potential positive impact on stakeholders.

Boss Energy Hosts Analyst Visit at Honeymoon Mine
Mar 26, 2025

Boss Energy Limited hosted a site visit for equity research analysts at its Honeymoon Uranium mine in South Australia, providing an update on the mine’s quarterly production. This initiative underscores Boss Energy’s strategic positioning in the uranium market, potentially enhancing stakeholder confidence and market perception.

Citigroup Ceases to be Substantial Holder in Boss Energy
Mar 19, 2025

Boss Energy Limited, a company in the energy sector, has experienced a change in its substantial shareholders. Citigroup Global Markets Australia Pty Limited and its related entities have ceased to be substantial holders of Boss Energy as of March 17, 2025. This change in shareholder status is due to transactions involving securities lending agreements, impacting the number of ordinary fully paid shares held by Citigroup entities. The shift in shareholding may influence Boss Energy’s market dynamics and stakeholder interests.

Boss Energy Limited Announces Change in Substantial Holder Interests
Mar 18, 2025

Boss Energy Limited has announced a change in the interests of a substantial holder, with State Street Bank and Trust Company and its affiliates holding significant voting power in the company. This development indicates a shift in the control and influence within the company, potentially impacting its strategic decisions and stakeholder interests.

Boss Energy Expands Uranium Holdings with Share Issuance
Mar 18, 2025

Boss Energy Limited has completed the issuance of 5,225,000 fully paid ordinary shares as part of its acquisition of shares in Queensland uranium developer, Laramide Resources Limited. This move is aligned with the company’s strategic growth in the uranium sector, enhancing its market position and potentially benefiting stakeholders through increased asset holdings.

Boss Energy to Quote 5.2 Million New Securities on ASX
Mar 18, 2025

Boss Energy Limited has announced the issuance of 5,225,000 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code BOE. This move is part of previously announced transactions and reflects the company’s ongoing efforts to strengthen its financial position and enhance its market presence.

Boss Energy Reports Progress in Alta Mesa Uranium Project
Mar 13, 2025

Boss Energy Limited has announced that enCore Energy Corp, in which Boss holds a 30 percent interest, is expanding its extraction capacity and accelerating wellfield development at the Alta Mesa Project in Texas. The project has successfully started the second Ion Exchange Circuit at the Central Processing Plant, which is currently operating at 75% of its designed capacity due to wellfield development constraints. enCore is working to secure additional drill rig capacity to enhance wellfield flow rates and plans to bring a third Ion Exchange Circuit online by 2026. Boss Energy’s Managing Director, Duncan Craib, expressed confidence in enCore’s efforts to address these challenges and achieve the targeted annual production rate of 1.5 million pounds of uranium.

Boss Energy Announces Proposed Issue of 5.2 Million Securities
Mar 12, 2025

Boss Energy Limited has announced a proposed issue of 5,225,000 ordinary fully paid securities, scheduled for March 20, 2025. This move is part of the company’s strategy to strengthen its financial position and potentially expand its operations, which could have significant implications for its market positioning and stakeholder interests.

Boss Energy Expands Stake in Laramide Resources Amid Uranium Market Potential
Mar 12, 2025

Boss Energy Limited has acquired a significant stake in Laramide Resources, a Queensland-based uranium developer, by purchasing 23.5 million shares for approximately A$15.5 million. This strategic investment increases Boss’s interest in Laramide to 18.4% and provides exposure to Laramide’s Westmoreland Uranium Project, despite the current moratorium on uranium mining in Queensland. Boss believes the investment is prudent given the potential value of the Westmoreland project if the ban is lifted, and plans to leverage its expertise and financial strength to benefit stakeholders.

Boss Energy Limited Announces Change in Substantial Holder Interests
Mar 11, 2025

Boss Energy Limited has announced a change in the interests of a substantial holder, with State Street Bank and Trust Company and its subsidiaries being significant stakeholders. This change in voting power reflects a shift in the company’s shareholder structure, potentially impacting its strategic decisions and influence within the industry. The announcement highlights the role of securities lending agreements in the management of these interests, which may have implications for the company’s governance and future financial strategies.

Boss Energy Secures Option on Promising Uranium Project
Mar 9, 2025

Boss Energy Limited has entered into an Option and Earn-in Agreement with Eclipse Metals for the Liverpool Uranium Project in the Northern Territory’s Alligator Rivers Uranium Field. This agreement allows Boss to earn up to an 80% interest in the project by investing $8 million over seven years, with an option to increase its stake to 90%. The project is considered highly prospective for uranium mineralization, and Boss plans to leverage its technical expertise to explore and develop the site, potentially strengthening its position in the uranium market.

Eclipse Metals Partners with Boss Energy for Liverpool Uranium Project
Mar 9, 2025

Eclipse Metals Ltd has entered into a binding option and earn-in agreement with Boss Energy Limited to advance the Liverpool Uranium Project in Northern Territory, Australia. This strategic alliance allows Boss Energy to earn up to an 80% interest in the project by investing up to $8 million in exploration over seven years, with the potential to increase its stake to 90% for an additional $50 million. This partnership enables Eclipse to focus on its rare earth assets in Greenland while maintaining a strong presence in the Australian uranium sector, potentially enhancing shareholder value and accelerating exploration efforts.

Boss Energy Highlights enCore’s Uranium Project Developments
Feb 28, 2025

Boss Energy Limited announced that enCore Energy Corp has filed Technical Report Summaries for its key uranium projects, including the Alta Mesa Uranium Project, in which Boss holds a 30% stake. The project is increasing its production to an annualized rate of 1.5 million pounds of U3O8, indicating a significant boost in operations and potential positive impact on Boss Energy’s market position.

Boss Energy’s Stake in Alta Mesa Uranium Project Gains Momentum
Feb 28, 2025

Boss Energy Limited announced that enCore Energy Corp has filed Technical Report Summaries for its key uranium projects, including the Alta Mesa Uranium Project in Texas, where Boss holds a 30% interest. This development indicates a ramp-up in production to an annualized rate of 1.5 million pounds of U3O8, potentially enhancing Boss Energy’s market position and offering significant implications for stakeholders.

Boss Energy Unveils First Sustainability Report, Reinforcing ESG Commitment
Feb 27, 2025

Boss Energy Limited has released its inaugural Sustainability Report, marking a significant milestone in its commitment to strong ESG practices. The report outlines the company’s sustainability performance and its adherence to global and Australian sustainability standards, reinforcing its role in the energy transition and long-term sustainability.

Boss Energy Reports Revenue Surge Amid Profit Decline
Feb 26, 2025

Boss Energy Limited reported a significant increase in revenue from uranium oxide sales, rising by 100% to $47.8 million for the half-year ended December 31, 2024. Despite this revenue growth, the company experienced a downturn in profitability, with a loss after tax of $9.5 million, down 116% from the previous year. The net tangible assets per share slightly decreased to $1.23, and no dividends were declared. This financial performance suggests challenges in converting increased sales into profit, impacting stakeholders’ expectations.

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.