ChemX Materials Limited (CMX) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): ―
• Beta (1Y): -0.50
• Revenue Growth: N/A
• EPS Growth: -105.40%
• Country: AU
• Employees: N/A
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.04
• Shares Outstanding: 1,290,223,300
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: 0.70
• Price to Book (P/B): 1.10
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.38
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 34 Underperform
• Price Target: ―

ChemX Materials Limited's overall stock score is low due to significant financial weaknesses, including negative revenue growth and high leverage. The technical analysis reflects bearish momentum, while valuation metrics are undermined by the lack of earnings and dividends. Without positive earnings call data or corporate events to improve outlook, the stock remains under pressure.

Positive Factors

Strategic Focus on Clean Energy

The focus on clean energy applications through the HiPurA® process aligns with industry trends, potentially enhancing market position and stakeholder value.

Pilot Plant Commissioning

Commissioning a pilot plant for HPA production indicates readiness to scale operations, which is crucial for long-term growth and market competitiveness.

Innovative Materials Technology

By developing critical materials for clean energy, ChemX is positioned to benefit from structural industry trends towards sustainability and technological advancement.

Negative Factors

Revenue Generation Challenges

Ongoing revenue generation challenges and net losses highlight profitability issues, which could affect long-term viability and investor confidence.

Negative Cash Flow

Persistent negative cash flow indicates operational inefficiencies and may hinder the company's ability to fund new projects or manage debt.

High Leverage

High leverage can limit financial flexibility and increase risk, potentially impacting the company's ability to invest in growth and innovation.

ChemX Materials Limited Business Overview & Revenue Model

Company Description

ChemX Materials Limited, an advanced materials technology company, develops materials to enable energy transition and decarbonization processes in Australia. The company develops HiPurA Process, a process technology to produce high purity alumina (HPA) and high purity alumina cathode precursor salts for lithium-ion batteries and synthetic sapphires. It also holds interest in the Eyre Peninsula project comprising two exploration licenses covering an area of approximately 718 square kilometers located in South Australia. The company was formerly known as NextGen Materials Pty Ltd and changed its name to ChemX Materials Limited in July 2021. The company was incorporated in 2020 and is based in Perth, Australia.

How the Company Makes Money

ChemX Materials Limited generates revenue through the production and sale of high-purity alumina (HPA), which is a key material used in the manufacturing of lithium-ion battery separators, LED substrates, and other high-performance ceramic applications. The company's revenue model is primarily based on long-term supply agreements with manufacturers in the clean energy and electronics sectors, leveraging its proprietary technology to produce HPA at a competitive cost. Additionally, ChemX may engage in strategic partnerships or joint ventures to enhance its market reach and technological capabilities, contributing to its overall earnings. The company's focus on sustainable and efficient production processes also positions it well within the growing market for environmentally friendly materials.

ChemX Materials Limited Financial Statement Overview

Summary

ChemX Materials Limited faces significant financial challenges with a lack of revenue generation, high leverage, and negative cash flow, leading to a low financial performance score.

Income Statement

ChemX Materials Limited has struggled to generate revenue, with consistent net losses over the years. The absence of revenue results in negative gross profit margins. High operating expenses lead to significant EBIT and EBITDA losses. Overall, the income statement indicates significant profitability challenges for the company.

Balance Sheet

The company's balance sheet shows a high level of debt relative to equity, suggesting potential financial risk. The equity ratio has declined, indicating increased leverage over time. However, the company maintains some level of assets, primarily financed through equity, providing a buffer against liabilities.

Cash Flow

ChemX Materials faces negative operating and free cash flows, reflecting cash outflows from operations and capital expenditures. While financing activities have provided some relief, the company's cash flow situation remains concerning, with negative free cash flow growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	-277.93K	-251.33K	-65.04K	0.00
EBITDA	-3.68M	-3.40M	-3.89M	-1.82M	-117.32K
Net Income	-4.49M	-4.49M	-4.18M	-1.89M	-117.31K
Balance Sheet
Total Assets	7.70M	7.70M	8.00M	10.45M	2.09M
Cash, Cash Equivalents and Short-Term Investments	594.90K	594.90K	818.01K	5.75M	35.55K
Total Debt	2.36M	2.36M	592.68K	0.00	288.00K
Total Liabilities	3.28M	3.28M	1.30M	285.42K	366.15K
Stockholders Equity	4.42M	4.42M	6.69M	10.17M	1.72M
Cash Flow
Free Cash Flow	-3.27M	-3.52M	-4.86M	-2.11M	-238.81K
Operating Cash Flow	-3.01M	-3.01M	-3.49M	-1.60M	-62.16K
Investing Cash Flow	-499.47K	-499.47K	-1.44M	-526.67K	-176.65K
Financing Cash Flow	3.30M	3.30M	-22.51K	7.85M	274.36K

ChemX Materials Limited Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CMX, 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 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Neutral momentum. The RSI at 100.00 is Negative, neither overbought nor oversold. The STOCH value of 400.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CMX.

ChemX Materials Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
LIS	52 Neutral	AU$96.03M	-14.85	-16.49%	―	―	-40.28%
NVX	43 Neutral	AU$326.76M	-2.01	-45.24%	―	-12.84%	-29.62%
EGY	38 Underperform	AU$10.00M	-0.80	―	―	-37.44%	10.36%
CMX	34 Underperform	―	-0.42	―	―	―	-105.40%

ChemX Materials Limited Corporate Events

ChemX Materials Files Updated Corporate Governance Statement with ASX

ChemX Materials Limited has lodged its Appendix 4G and confirmed that its updated corporate governance statement for the financial year ended 30 June 2025 is available on its website, current as of 23 December 2025 and approved by the board. By detailing the extent to which it follows ASX Corporate Governance Council recommendations—such as maintaining a board charter, undertaking checks on directors and executives, and clarifying accountability of the company secretary—the company underscores its compliance with listing rules and provides investors with clearer visibility over its governance framework and oversight practices.

ChemX Materials Files 2025 Accounts as ASX Trading Suspension Continues

ChemX Materials Limited has released its annual financial statements for the year ended 30 June 2025, confirming its governance, audit and professional advisory arrangements and reiterating its ASX listing details. The disclosure notes that trading in ChemX securities has been suspended on the ASX since 19 December 2024, highlighting an ongoing halt that is significant for shareholders and may affect liquidity and market confidence until resolved.

ChemX Trading Halted as Interim Report Notes Suspension of ASX Securities

ChemX Materials Limited has reported that trading in its securities on the Australian Securities Exchange has been suspended since 19 December 2024, as disclosed in its interim report for the half-year ended 31 December 2024. The suspension underscores a period of heightened uncertainty for shareholders and may signal regulatory or operational issues that could affect the company’s near-term liquidity, market visibility and broader standing with investors.

ChemX Materials Limited Advances Restructuring with DOCA Approvals

ChemX Materials Limited has announced the approval of Deeds of Company Arrangement (DOCA) for both itself and its subsidiary, HiPurA Pty Ltd, as part of its voluntary administration process. The restructuring aims to stabilize the company’s operations and explore recapitalization opportunities, with creditors expected to receive partial repayments. The company also reported board changes and held a general meeting to update shareholders on the administration process.

ChemX Materials Faces Financial Challenges Amid Patent Success

ChemX Materials Limited has appointed voluntary administrators due to financial difficulties, including the inability to secure necessary funding and the resignation of its CEO. Consequently, the company’s securities remain suspended from quotation on the ASX. Despite these challenges, ChemX achieved a significant milestone with the granting of a Japanese patent for its HiPurA® HPA process, enhancing its intellectual property portfolio and potentially strengthening its market position in the materials industry.