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Cokal Limited (AU:CKA)
:CKA
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Cokal (CKA) AI Stock Analysis

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AU:CKA

Cokal

(OTC:CKA)

Rating:44Neutral
Price Target:
AU$0.00
▼(-100.00%Downside)
Cokal Limited receives a low overall score due to severe financial distress and poor valuation. Technical analysis further highlights a negative trend, impacting the stock's attractiveness.

Cokal (CKA) vs. iShares MSCI Australia ETF (EWA)

Cokal Business Overview & Revenue Model

Company DescriptionCokal Limited engages in the identification and development of coal in Indonesia. Its flagship property is its 60% owned Bumi Barito Mineral project, a metallurgical coal project that covers an area of 14,980 ha located in Kalimantan, Indonesia. The company was incorporated in 1998 and is based in Sydney, Australia.
How the Company Makes MoneyCokal Limited generates revenue through the extraction, production, and sale of metallurgical coal from its mining projects in Indonesia. The company's primary revenue stream comes from the sale of high-quality coking coal to steel manufacturers and industrial consumers globally. Cokal's earnings are significantly influenced by coal prices, production volumes, and the efficiency of its mining operations. Additionally, strategic partnerships and agreements with local and international stakeholders play a crucial role in facilitating market access and enhancing operational capabilities.

Cokal Financial Statement Overview

Summary
Cokal Limited faces substantial financial challenges, including negative gross and net profit margins, insolvency risk due to negative stockholders' equity, high leverage, and negative cash flow. These factors indicate significant financial distress and suggest the need for strategic restructuring.
Income Statement
15
Very Negative
Cokal Limited is experiencing significant challenges in its income statement, with negative gross and net profit margins indicating an inability to cover costs. The company also shows deteriorating revenue growth and negative EBIT and EBITDA margins, highlighting operational inefficiencies and profitability issues.
Balance Sheet
10
Very Negative
The balance sheet reveals a concerning financial position with negative stockholders' equity indicating insolvency risk. The high debt-to-equity ratio suggests excessive leverage, posing financial stability risks. Additionally, the equity ratio is negative, further emphasizing financial distress.
Cash Flow
20
Very Negative
Cokal Limited's cash flow statement shows a negative free cash flow growth rate and operating cash flow, indicating cash burn issues. The free cash flow to net income ratio is unfavorable, suggesting poor cash generation relative to accounting profits. The company relies heavily on financing activities to support operations.
BreakdownJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue3.67M24.58K39.61K13.54M
Gross Profit908.00K-616.59K-220.58K11.23M
EBITDA-8.96M-13.13M-9.52M-3.32M-3.42M
Net Income-14.73M-13.78M-9.83M-3.62M-3.84M
Balance Sheet
Total Assets44.97M64.78M44.24M35.17M38.54M
Cash, Cash Equivalents and Short-Term Investments722.33K2.23M724.29K414.46K1.33M
Total Debt38.23M30.83M23.47M5.17M3.06M
Total Liabilities53.44M62.74M44.28M26.50M25.68M
Stockholders Equity-12.70M2.04M-40.85K8.67M12.86M
Cash Flow
Free Cash Flow-7.42M-19.87M-17.15M-2.90M-3.13M
Operating Cash Flow-1.44M-8.60M-11.63M-2.36M-2.80M
Investing Cash Flow-7.33M-11.27M-5.52M-545.00K-326.37K
Financing Cash Flow7.47M21.34M17.41M2.08M4.10M

Cokal Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.03
Price Trends
50DMA
0.03
Positive
100DMA
0.03
Negative
200DMA
0.05
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
53.94
Neutral
STOCH
54.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CKA, the sentiment is Positive. The current price of 0.03 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 53.94 is Neutral, neither overbought nor oversold. The STOCH value of 54.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CKA.

Cokal Peers Comparison

Overall Rating
UnderperformOutperform
Sector (67)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
67
Neutral
$15.32B10.216.62%5.48%4.82%-57.74%
44
Neutral
AU$35.61M
26.84%-6.43%
38
Underperform
AU$8.08M-67.55%-4.19%84.70%
38
Underperform
AU$59.56M-2.89%50.00%
38
Underperform
AU$3.07M-12.38%33.33%
33
Underperform
AU$5.92M-69.70%-308.85%
16
Underperform
AU$9.81M-995.57%-487.06%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:CKA
Cokal
0.03
-0.06
-63.74%
AU:JAL
Jameson Resources Limited
0.08
0.02
33.33%
AU:REY
Rey Resources Ltd
0.03
-0.03
-50.00%
AU:AQC
Australian Pacific Coal
0.01
-0.09
-90.00%
AU:BCB
Bowen Coking Coal Ltd
0.08
-2.82
-97.24%
AU:NCR
NuCoal Resources Limited
0.01
0.00
0.00%

Cokal Corporate Events

Cokal Secures Funding to Boost Coal Production Amid Market Challenges
Jul 31, 2025

Cokal Limited has secured a US$15 million strategic debt funding from International Commodity Trade Pte Ltd, a long-term shareholder, to enhance infrastructure development and metallurgical coal production at its BBM mine. The company resumed domestic coal shipments after a market-induced pause and is operating at minimal production levels due to weak market conditions. Cokal aims to maintain financial resilience and operational stability while preparing for future production increases as market conditions improve. The company is focused on selective mining strategies to manage costs and preserve cash flow, ensuring long-term value for stakeholders.

Cokal Secures $15M Funding to Boost Coal Production
Jun 11, 2025

Cokal Limited has secured a strategic debt funding of US$15 million from long-term shareholder Eddie Chin, through International Commodity Trade Pte Ltd, to boost metallurgical coal production at its BBM mine. This funding will be used to enhance mining operations and transport infrastructure, aiming to improve operational efficiencies and reduce costs per tonne of coal. Additionally, Cokal has terminated all agreements with Cratus, signaling a strategic shift in its operations.

Cokal Advances Strategic Partnerships and Infrastructure to Boost Coal Production
Apr 30, 2025

Cokal Limited has reported significant progress in its strategic partnerships and infrastructure development during the quarter ending March 31, 2025. The company, in collaboration with PT Petrindo and Cratus, is enhancing its production and logistics capabilities, which is expected to lower costs and increase coal output. Key developments include the completion of a steel bridge over the Mohing River and ongoing improvements to haul roads, which are crucial for the planned ramp-up of metallurgical coal production at the BBM project. Additionally, PT Petrindo has secured substantial financing for its nearby mine, which will further optimize costs and accelerate production growth. These initiatives are part of Cokal’s strategy to transform BBM into a low-cost, high-volume operation, ensuring sustainable profitability and reinforcing the long-term strategic value of its partnerships.

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: Jul 24, 2025