EcoGraf (AU:EGR)
ASX:EGR
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EcoGraf
(Sydney:EGR)
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Rating:41Neutral
Price Target:
AU$0.42
▲(9.21% Upside)
Action:UpgradedDate:12/30/25
The score is primarily constrained by weak financial performance driven by ongoing losses and sustained cash burn, which elevates funding and execution risk. Technical signals also lean negative with the stock below key moving averages and a negative MACD. Valuation remains unattractive due to negative earnings and no dividend support.
Positive Factors
Vertically integrated anode supply chain
Vertical integration across natural graphite mining and downstream spherical graphite processing gives durable control over inputs and product specification. That structural capability supports margin capture, supply reliability for battery customers, and long-term contracting potential as EV/ESS demand grows.
Negative Factors
No revenue; persistent losses
A pre-revenue, loss-making profile indicates the company has not yet commercialized products at scale. Persistent net losses over multiple years increase execution and financing risk, requiring continued external capital before profitable operations can be demonstrated.
Read all positive and negative factors
Positive Factors
Negative Factors
Vertically integrated anode supply chain
Vertical integration across natural graphite mining and downstream spherical graphite processing gives durable control over inputs and product specification. That structural capability supports margin capture, supply reliability for battery customers, and long-term contracting potential as EV/ESS demand grows.
Read all positive factors
EcoGraf (EGR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$175.39M
Dividend YieldN/A
Average Volume (3M)503.94K
Price to Earnings (P/E)―
Beta (1Y)0.97
Revenue GrowthN/A
EPS Growth12.70%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding461,551,200
10 Day Avg. Volume959,033
30 Day Avg. Volume503,945
Financial Highlights & Ratios
PEG Ratio2.04
Price to Book (P/B)2.59
Price to Sales (P/S)0.00
P/FCF Ratio-8.16
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
EcoGraf Business Overview & Revenue Model
Company Description
EcoGraf Limited engages in building a diversified battery anode material business that produces graphite products for the clean energy and lithium-ion battery markets in Asia, Europe, and North America. It develops HFfree purification technology, ...
How the Company Makes Money
EcoGraf generates revenue primarily through the sale of high-purity graphite products used in the anodes of lithium-ion batteries. The company's revenue streams include direct sales of graphite from its mining operations, particularly the Epanko G...
EcoGraf Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.34M | -3.15M | -2.93M | -17.00K | -11.00K | -14.00K |
| EBITDA | -6.46M | -5.87M | -7.07M | -8.32M | -8.00M | -5.87M |
| Net Income | -3.86M | -5.01M | -5.66M | -7.30M | -7.50M | -5.51M |
Balance Sheet | ||||||
| Total Assets | 50.90M | 49.94M | 55.89M | 62.09M | 65.73M | 71.64M |
| Cash, Cash Equivalents and Short-Term Investments | 8.08M | 11.20M | 25.46M | 38.61M | 46.73M | 52.63M |
| Total Debt | 79.00K | 135.00K | 228.00K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.94M | 2.76M | 5.08M | 3.19M | 2.31M | 1.31M |
| Stockholders Equity | 49.10M | 47.32M | 50.87M | 58.90M | 63.42M | 70.33M |
Cash Flow | ||||||
| Free Cash Flow | -774.71K | -15.02M | -14.55M | -8.55M | -6.01M | -2.73M |
| Operating Cash Flow | -758.98K | -6.46M | -5.36M | -6.43M | -5.85M | -2.53M |
| Investing Cash Flow | -6.67M | -7.68M | -7.70M | 37.88M | 9.97M | -148.00K |
| Financing Cash Flow | 527.00K | -113.00K | -90.00K | 454.00K | 110.00K | 52.53M |
EcoGraf Technical Analysis
Negative
0.38
Price Trends
0.38
Negative
0.40
Negative
0.39
Negative
Market Momentum
<0.01
Positive
47.62
Neutral
13.89
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EGR, the sentiment is Negative. The current price of 0.38 is below the 20-day moving average (MA) of 0.38, below the 50-day MA of 0.38, and below the 200-day MA of 0.39, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.62 is Neutral, neither overbought nor oversold. The STOCH value of 13.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:EGR.
EcoGraf Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | AU$204.77M | -7.44 | -72.82% | ― | ― | ― | |
47 Neutral | AU$143.74M | -14.15 | -19.34% | ― | ― | -10.08% | |
45 Neutral | AU$265.09M | -1.83 | -30.70% | ― | -62.37% | 23.19% | |
44 Neutral | AU$137.95M | -3.65 | -54.77% | ― | -52.90% | 61.27% | |
44 Neutral | AU$30.07M | -1.90 | -12.11% | ― | ― | 23.60% | |
41 Neutral | AU$175.39M | -169.42 | -8.00% | ― | ― | 12.70% |
* Basic Materials Sector Average
AU:EGR
EcoGraf
0.38
0.09
29.31%
AU:SYR
Syrah Resources
0.12
-0.05
-28.14%
AU:TLG
Talga Group
0.30
-0.11
-25.93%
AU:QGL
Quantum Graphite Ltd
0.43
-0.03
-6.52%
AU:BKT
Black Rock Mining Limited
0.02
>-0.01
-25.00%
AU:WTM
Battery Minerals Ltd.
0.67
0.52
352.38%
EcoGraf Corporate Events
EcoGraf strikes Taiwan partnership to expand HFfree graphite anode footprint in Asia
Mar 15, 2026
EcoGraf has signed a non-binding memorandum of understanding with Taiwan’s Long Time Technology to collaborate on developing EcoGraf’s HFfree purification facilities and expanding its natural graphite anode operations in South-East Asi...
EcoGraf maps integrated graphite supply chain for global battery markets
Mar 10, 2026
EcoGraf has outlined its strategy to build a secure global supply chain for graphite, spanning mining in Tanzania, processing at its Ifakara shaping facility, and purification operations located close to key battery manufacturing regions in the U....
EcoGraf Reaffirms Epanko Graphite Project Fundamentals in Updated BFS
Mar 9, 2026
EcoGraf has released an updated bankable feasibility study (BFS) presentation for its Epanko graphite project, reaffirming production targets based on an Ore Reserve comprising 43% Measured and 57% Indicated Resources for an initial 22-year mine l...
EcoGraf’s Updated Epanko Feasibility Study Clears Path to Financing and Major Expansion
Feb 25, 2026
EcoGraf has completed an updated bankable feasibility study for its Epanko Graphite Project in Tanzania, confirming a 73,000 tpa operation for the first 15 years underpinned by upgraded ore reserves and robust economics, including a pre-tax NPV of...
EcoGraf Secures EIB Backing to Advance Vertically Integrated Graphite Supply Chain
Feb 10, 2026
EcoGraf has signed a Cooperation Agreement with the European Investment Bank under an EU technical assistance facility for critical raw materials, aimed at advancing its HFfree vertically integrated graphite business. The support will cover expans...
EcoGraf Advances Epanko Financing, HFfree® Purification Build-Out and Tanzanian Exploration
Jan 30, 2026
EcoGraf reported progress on financing and technical de-risking of the Epanko Graphite Project, with completion of an Independent Engineers’ Report and the near-finalisation of an updated Bankable Feasibility Study, alongside discussions wit...
EcoGraf Clears Key Technical Hurdle for Epanko Graphite Project Financing
Jan 27, 2026
EcoGraf Limited has completed an Independent Engineers’ Report for its Epanko graphite project, a key technical due diligence milestone required to secure debt financing under international project finance standards. The report’s submi...
EcoGraf Highlights High-Grade Tanzanian Gold Results and Advances AngloGold Farm-In
Jan 23, 2026
EcoGraf has reported strong maiden exploration results from its Tanzanian gold assets, highlighting high-grade rock chip and stream sediment assays at the Hazina prospect within its Southern Frontier project, which indicate significant gold prospe...
EcoGraf Flags High-Grade Tanzanian Gold Hits and AngloGold Farm-In to Golden Eagle
Jan 20, 2026
EcoGraf has reported strong results from its maiden exploration program across its Tanzanian gold assets, identifying 21 highly prospective prospects within its newly defined Golden Frontiers, which encompass the Golden Eagle project and three Fro...
EcoGraf Appoints Corporate Development GM to Drive Graphite and Battery Materials Growth
Jan 6, 2026
EcoGraf has appointed veteran mining and finance executive John Ciganek as General Manager – Corporate Development to support its next phase of growth, as it progresses the Epanko Graphite Project in Tanzania towards development and staged e...
EcoGraf Secures A$1.7m R&D Tax Incentive and Seeks European Grants for Graphite Expansion
Jan 4, 2026
EcoGraf Limited has received a A$1.7 million Research and Development tax incentive from the Australian Taxation Office, recognising eligible RD expenditure on its proprietary EcoGraf HFfree® purification technology during the 2025 financial ...
EcoGraf Announces Departure of Director Keith Jones and Final Interests
Dec 31, 2025
EcoGraf Limited has advised the ASX that director Keith Jones has ceased to be a director of the company effective 31 December 2025. A final director’s interest notice shows that Jones holds no EcoGraf securities in his own name but has an i...
EcoGraf Director Resigns as Company Plans Board Strengthening for 2026 BAM Push
Dec 31, 2025
EcoGraf Limited has announced the resignation of non-executive director Keith Jones, effective 31 December 2025, citing personal reasons, with the board publicly thanking him for his governance, contributions and oversight during his tenure. The c...
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.