EcoGraf (AU:EGR)
ASX:EGR
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EcoGraf
(Sydney:EGR)
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Rating:41Neutral
Price Target:
AU$0.27
▼(-28.42% Downside)
Action:Upgraded
Date: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
Vertical integration
Owning upstream feedstock and planned downstream purification/spheronisation creates structural supply security and captures more value per tonne. This integrated model supports margin expansion, reduces counterparty risk for anode customers, and strengthens long-term commercial positioning in battery supply chains.
Negative Factors
Negative cash generation
Sustained negative operating and free cash flow indicates the business is not self-funding development. Continued cash burn increases dependency on external capital, elevates dilution and execution risk, and constrains the company's ability to progress projects or scale processing without timely financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Vertical integration
Owning upstream feedstock and planned downstream purification/spheronisation creates structural supply security and captures more value per tonne. This integrated model supports margin expansion, reduces counterparty risk for anode customers, and strengthens long-term commercial positioning in battery supply chains.
Read all positive factors
EcoGraf (EGR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$138.47M
Dividend YieldN/A
Average Volume (3M)503.94K
Price to Earnings (P/E)―
Beta (1Y)0.97
Revenue GrowthN/A
EPS Growth19.81%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
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’s intended revenue model is to generate income from (1) selling battery anode material (purified spherical graphite) produced at its planned downstream processing facilities and (2) selling or supplying natural graphite concentrate from it...
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
0.37
Negative
0.37
Negative
0.39
Negative
Market Momentum
-0.02
Positive
31.26
Neutral
5.16
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 above the 20-day moving average (MA) of 0.34, above the 50-day MA of 0.37, and below the 200-day MA of 0.39, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 31.26 is Neutral, neither overbought nor oversold. The STOCH value of 5.16 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$261.68M | -3.06 | -72.82% | ― | ― | 48.94% | |
47 Neutral | AU$150.75M | -14.15 | -19.34% | ― | ― | 62.50% | |
44 Neutral | AU$27.92M | -1.90 | -12.11% | ― | ― | 45.35% | |
43 Neutral | AU$230.51M | -3.79 | -30.70% | ― | 6.78% | 32.51% | |
43 Neutral | AU$143.06M | -3.65 | -54.77% | ― | -4.13% | 5.02% | |
41 Neutral | AU$138.47M | -169.42 | -8.00% | ― | ― | 19.81% |
* Basic Materials Sector Average
AU:EGR
EcoGraf
0.29
-0.08
-21.62%
AU:SYR
Syrah Resources
0.10
-0.18
-64.64%
AU:TLG
Talga Group
0.29
-0.13
-30.12%
AU:QGL
Quantum Graphite Ltd
0.40
-0.08
-17.71%
AU:BKT
Black Rock Mining Limited
0.01
-0.01
-48.15%
AU:WTM
Battery Minerals Ltd.
0.67
0.32
92.75%
EcoGraf Corporate Events
EcoGraf advances Epanko with NMB Bank compensation deal and mine road early works
May 7, 2026
EcoGraf has appointed Tanzania’s NMB Bank as its compensation partner to manage payments to Project Affected Persons under the Resettlement Action Plan for the Epanko Graphite Project. NMB Bank will open accounts for affected residents along...
EcoGraf Advances Epanko Mine and Secures Strategic Battery Anode Partnerships
Apr 30, 2026
EcoGraf reported significant progress in the March quarter on its Epanko Graphite Mine in Tanzania, completing an updated bankable feasibility study that lifted plant throughput to 73,000 tonnes per year and delivered a pre-tax NPV of US$516m with...
EcoGraf Advances German-Backed Debt Financing for Epanko Graphite Project
Apr 28, 2026
EcoGraf reported progress on securing up to US$105 million in senior secured debt financing from KfW IPEX-Bank for development of its Epanko Graphite Project. The German Government’s UFK scheme has given a non-binding indication that Epanko ...
EcoGraf seals Mitsubishi Chemical partnership for battery anode graphite
Apr 19, 2026
EcoGraf has signed a non-binding memorandum of understanding with Mitsubishi Chemical Corporation to cooperate on the supply, qualification and potential long-term commercialisation of natural flake graphite and spherical graphite for battery anod...
EcoGraf Seeks German Co-Funding for Community Programs at Tanzanian Graphite Project
Apr 14, 2026
EcoGraf has advanced an application with DEG Impulse, a subsidiary of German development finance institution DEG and part of the KfW Group, to co-fund community development initiatives linked to its Epanko Graphite Project in Tanzania. The move co...
EcoGraf Advances Tanzanian Gold Push as AngloGold Farm-In Starts and Strategic Options Open
Apr 8, 2026
EcoGraf has highlighted growing industry interest in its Golden Frontier gold portfolio in Tanzania, where 21 prospects span more than 3,000 square kilometres, including the Golden Eagle project and three Frontier projects, and follow investor eng...
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...
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.