Cokal (CKA) AI Stock Analysis

• Market Cap: $33.45M
• Dividend Yield: N/A
• Average Volume (3M): 518.97K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.92
• Revenue Growth: 26.84%
• EPS Growth: -6.43%
• Country: AU
• Employees: 2
• Sector: Basic Materials
• Sector Strength: 66
• Industry: Coal
• EPS (TTM): -0.01
• Shares Outstanding: 1,078,949,000
• 10 Day Avg. Volume: 136,127
• 30 Day Avg. Volume: 518,971
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 3.16
• Enterprise Value/Revenue: 19.35
• Enterprise Value/Gross Profit: -35.81
• Enterprise Value/Ebitda: -18.30
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 0

• Rating: 39 Underperform
• Price Target: AU$0.00 ▼(-100.00% Downside)

Cokal Limited is significantly impaired financially, with negative profitability, high leverage, and cash flow issues being the most critical factors. Technical indicators and valuation metrics also suggest weak performance and unattractiveness, contributing to a low overall score.

Cokal Business Overview & Revenue Model

Company Description

Cokal 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 Money

Cokal 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

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

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

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.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	3.67M	24.58K	39.61K	―	13.54M
Gross Profit	908.00K	-616.59K	-220.58K	―	11.23M
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 Assets	44.97M	64.78M	44.24M	35.17M	38.54M
Cash, Cash Equivalents and Short-Term Investments	722.33K	2.23M	724.29K	414.46K	1.33M
Total Debt	38.23M	30.83M	23.47M	5.17M	3.06M
Total Liabilities	53.44M	62.74M	44.28M	26.50M	25.68M
Stockholders Equity	-12.70M	2.04M	-40.85K	8.67M	12.86M
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 Flow	7.47M	21.34M	17.41M	2.08M	4.10M

Cokal Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CKA, the sentiment is Negative. 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 bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.69 is Neutral, neither overbought nor oversold. The STOCH value of 6.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CKA.

Cokal Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.31B	6.18	0.76%	2.94%	3.30%	-36.34%
CKA	39 Underperform	$33.45M	―		―	26.84%	-6.43%
BCB	38 Underperform	AU$8.08M	―	-67.55%	―	-4.19%	84.70%
JAL	38 Underperform	AU$65.39M	―	-2.89%	―	―	50.00%
NCR	38 Underperform	AU$3.07M	―	-12.38%	―	―	―
REY	33 Underperform	$5.71M	―	-69.70%	―	―	-308.85%
AQC	16 Underperform	AU$4.55M	―	-995.57%	―	―	-487.06%

Cokal Corporate Events

Cokal Secures Funding to Boost Coal Production Amid Market Challenges

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

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.