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Emerald Resources NL (AU:EMR)
ASX:EMR

Emerald Resources NL (EMR) AI Stock Analysis

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AU:EMR

Emerald Resources NL

(Sydney:EMR)

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Outperform 73 (OpenAI - 4o)
Rating:73Outperform
Price Target:
AU$5.50
▼(-0.90% Downside)
Emerald Resources NL's strong financial performance and positive technical indicators are the most significant factors contributing to its stock score. However, the high P/E ratio suggests a potentially overvalued stock, which could limit future gains. The absence of earnings call insights and corporate events means these factors do not influence the score.
Positive Factors
Revenue Growth
The significant revenue growth of 87.1% indicates robust business expansion and market demand for the company's products, supporting long-term financial health.
Profitability
High profitability margins reflect effective cost management and operational efficiency, which are crucial for sustaining long-term financial performance.
Balance Sheet Health
A low debt-to-equity ratio suggests strong financial stability and low financial risk, providing a solid foundation for future growth and investment.
Negative Factors
Free Cash Flow Decline
A decline in free cash flow growth could impact the company's ability to fund operations and investments, potentially limiting financial flexibility if not addressed.
Revenue Growth Volatility
Volatility in revenue growth can pose risks to financial stability and predictability, making it challenging to plan long-term strategies effectively.
Free Cash Flow Conversion
While the conversion of profits into cash is strong, the decline in free cash flow growth suggests potential issues in sustaining this conversion rate, affecting future cash availability.

Emerald Resources NL (EMR) vs. iShares MSCI Australia ETF (EWA)

Emerald Resources NL Business Overview & Revenue Model

Company DescriptionEmerald Resources NL engages in the exploration and development of mineral reserves in Cambodia and Australia. The company's exploration tenements include a combination of 100% owned granted licenses, applications, and earn-in and joint venture agreements covering a combined area of 1,239 square kilometers. Its principal property is the Okvau Gold project located in the city of Phnom Penh, province of Mondulkiri. The company was formerly known as Emerald Oil & Gas NL and changed its name to Emerald Resources NL in December 2014. The company was incorporated in 1969 and is headquartered in West Perth, Australia.
How the Company Makes MoneyEmerald Resources NL generates revenue primarily through the exploration, development, and potential production of gold. The company's main revenue model is based on the extraction and sale of gold from its mining operations, particularly from the Okvau Gold Project, which has undergone significant development and is expected to enter production. Key revenue streams include the sale of mined gold and any associated by-products. Additionally, partnerships with local governments and mining entities may enhance operational efficiencies and reduce costs, contributing to profitability. The company may also benefit from fluctuations in gold prices, as higher market prices can lead to increased revenue from gold sales.

Emerald Resources NL Financial Statement Overview

Summary
Emerald Resources NL shows strong financial health with impressive revenue growth and profitability metrics. The balance sheet is stable with low leverage, and cash flow generation is solid despite recent declines in free cash flow growth. The company is well-positioned in the gold industry, but it should remain vigilant about maintaining its growth trajectory and managing cash flow effectively to mitigate potential risks.
Income Statement
85
Very Positive
Emerald Resources NL has demonstrated strong revenue growth with a significant increase of 87.1% in the latest year, indicating robust expansion. The company maintains healthy profitability with a gross profit margin of 57.6% and a net profit margin of 20.0%. The EBIT and EBITDA margins are also strong at 38.7% and 45.8%, respectively, showcasing effective cost management and operational efficiency. However, the revenue growth rate has shown volatility in the past, which could pose a risk if not managed carefully.
Balance Sheet
78
Positive
The balance sheet of Emerald Resources NL is solid, with a low debt-to-equity ratio of 0.03, indicating minimal leverage and financial risk. The return on equity is healthy at 13.4%, reflecting efficient use of shareholder funds. The equity ratio stands at 86.7%, suggesting a strong equity base relative to total assets. However, the company should monitor its equity growth to sustain this stability.
Cash Flow
70
Positive
Emerald Resources NL's cash flow statement reveals a decline in free cash flow growth by 26.3%, which could be a concern if it persists. The operating cash flow to net income ratio is strong at 2.27, indicating good cash generation relative to profits. The free cash flow to net income ratio is also robust at 0.89, suggesting effective conversion of profits into cash. The company should focus on reversing the negative trend in free cash flow growth to enhance its financial flexibility.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue438.14M438.14M366.04M297.67M206.47M24.00K
Gross Profit252.37M252.37M161.50M115.02M94.95M-1.77M
EBITDA200.48M200.48M179.39M137.76M110.90M-16.56M
Net Income87.61M87.61M84.27M59.36M45.37M-16.70M
Balance Sheet
Total Assets756.12M756.12M712.42M495.23M442.80M250.11M
Cash, Cash Equivalents and Short-Term Investments201.39M201.39M144.60M71.47M43.24M22.96M
Total Debt21.93M21.93M48.77M79.91M94.20M93.37M
Total Liabilities100.68M100.68M154.45M171.25M193.68M145.04M
Stockholders Equity655.44M655.44M557.97M320.12M244.64M105.07M
Cash Flow
Free Cash Flow136.96M136.96M114.69M55.64M15.04M-102.05M
Operating Cash Flow154.67M154.67M120.58M64.25M62.48M-9.52M
Investing Cash Flow-26.12M-26.12M-10.09M-15.06M-26.78M-92.49M
Financing Cash Flow-40.75M-77.50M-74.83M-24.71M-17.98M282.00K

Emerald Resources NL Technical Analysis

Technical Analysis Sentiment
Positive
Last Price5.55
Price Trends
50DMA
5.12
Positive
100DMA
4.54
Positive
200DMA
4.34
Positive
Market Momentum
MACD
0.09
Negative
RSI
63.02
Neutral
STOCH
82.83
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EMR, the sentiment is Positive. The current price of 5.55 is above the 20-day moving average (MA) of 5.26, above the 50-day MA of 5.12, and above the 200-day MA of 4.34, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 63.02 is Neutral, neither overbought nor oversold. The STOCH value of 82.83 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:EMR.

Emerald Resources NL Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
$6.74B8.5128.58%2.37%36.34%110.55%
76
Outperform
AU$4.82B20.4013.09%130.98%
73
Outperform
$3.53B40.4814.25%17.59%0.98%
70
Outperform
$5.43B149.352.43%0.53%89.86%-81.65%
67
Neutral
AU$3.15B9.4426.84%23.87%92.57%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:EMR
Emerald Resources NL
5.55
1.72
44.91%
AU:WAF
West African Resources Ltd
2.78
1.14
70.03%
AU:RMS
Ramelius Resources Limited
3.57
1.24
52.96%
AU:WGX
Westgold Resources
5.91
2.88
94.73%
AU:VAU
Vault Minerals Limited
4.94
2.57
108.44%

Emerald Resources NL Corporate Events

Emerald Resources NL Issues New Securities to Boost Market Position
Dec 5, 2025

Emerald Resources NL announced the issuance of 249,168 fully paid ordinary securities, which are set to be quoted on the Australian Securities Exchange (ASX) under the code EMR. This move is part of the company’s ongoing efforts to enhance its capital structure and potentially increase its market liquidity, which could have positive implications for its stakeholders and strengthen its position in the mining industry.

Emerald Resources Enhances Capital Structure with New Share Issuance
Dec 5, 2025

Emerald Resources NL has issued a total of 249,168 fully paid ordinary shares to employees following the exercise of unlisted options. This move reflects the company’s ongoing commitment to its employee incentive plan and compliance with the Corporations Act 2001. The issuance of these shares is part of Emerald’s strategy to enhance its capital structure and further align employee interests with company growth.

Emerald Resources Advances Dingo Range Gold Project with Key Approvals
Dec 4, 2025

Emerald Resources NL announced the approval of the Mining Proposal and Mine Closure Plan for its Dingo Range Gold Project in Western Australia, marking a significant milestone in its development. The completion of a 264-room camp enhances the project’s infrastructure, supporting Emerald’s strategic objective of becoming a multi-mine gold producer. The company is fully funded and debt-free, positioning it well for future growth in the gold mining industry.

Emerald Resources NL Successfully Passes AGM Resolutions
Nov 28, 2025

Emerald Resources NL announced that all resolutions were passed by poll at their recent annual general meeting. The meeting included the adoption of the remuneration report and the re-election of directors, which reflects strong shareholder support and may positively impact the company’s governance and strategic direction.

Emerald Resources Expands Gold Production Capacity
Nov 28, 2025

Emerald Resources NL announced its strategic advancement from a single mine gold producer to a multi-mine operation, significantly increasing its annual production capacity. This expansion is expected to enhance the company’s market position and potentially deliver greater value to stakeholders by leveraging increased production capabilities.

Emerald Resources Reports Record Profit and Advances Expansion Plans
Nov 28, 2025

Emerald Resources NL reported a record after-tax profit of $87.6 million for the year, driven by strong performance at its Okvau Gold Mine in Cambodia, which produced 98,110 ounces of gold. The company has repaid its Okvau Debt Facility and is focusing on expansion plans, including underground resource development at Okvau and exploration at its Dingo Range and Memot projects. Emerald Resources is also advancing its environmental initiatives, such as the Phnom 1500 reforestation project, and maintains a strong safety record with zero reportable injuries.

Emerald Resources NL Announces Change in Substantial Holding
Nov 26, 2025

Emerald Resources NL has announced a change in the substantial holding of its voting securities. This notice indicates a shift in the ownership or control of shares, which could impact the company’s governance and decision-making processes. The implications of this change for stakeholders, including potential shifts in company strategy or influence over corporate actions, remain to be seen.

Emerald Resources NL Seeks Quotation for New Securities on ASX
Nov 18, 2025

Emerald Resources NL has announced the application for the quotation of 137,059 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of November 18, 2025. This move reflects the company’s ongoing efforts to enhance its market presence and expand its financial base, potentially impacting its operational capabilities and offering new opportunities for stakeholders.

Emerald Resources NL Issues Shares Following Option Exercise
Nov 18, 2025

Emerald Resources NL has issued 137,059 fully paid ordinary shares following the exercise of 150,000 unlisted options by employees. This move reflects the company’s ongoing commitment to its incentive plans and compliance with corporate regulations, potentially impacting its capital structure and shareholder value.

Emerald Resources Secures Full Permits for Memot Gold Project and Extends Okvau Agreement
Nov 17, 2025

Emerald Resources NL has announced that its Memot Gold Project in Cambodia is now fully permitted for development and operation, following the receipt of necessary agreements and licenses from Cambodian authorities. This development, along with the extension of the Okvau Gold Mine Mineral Investment Agreement to include underground operations, signifies strong governmental support and positions the company for further expansion in the region. The Memot project will benefit from fiscal incentives, including tax exemptions, and the Okvau extension allows for the importation of equipment to support underground activities, enhancing the company’s operational capabilities and growth potential.

Emerald Resources Reports Steady Gold Production and Resource Growth
Oct 29, 2025

Emerald Resources NL reported its September 2025 quarterly results, highlighting a steady gold production of 22.0Koz from the Okvau Gold Mine in Cambodia, with sales at an average price of US$3,486/oz. The company maintained its production and cost guidance for the fiscal year 2026, despite a slight decrease in production. The Dingo Range Gold Project in Australia saw significant resource growth, with a 35% increase in its mineral resource estimate. The Memot Gold Project in Cambodia also received in-principle approval for its mining license, marking a significant step towards project development. These developments underscore Emerald’s strategic focus on expanding its resource base and enhancing its operational capabilities.

Emerald Resources NL Issues New Securities on ASX
Oct 21, 2025

Emerald Resources NL has announced the issuance of 14,738 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code EMR. This move is part of the company’s strategy to leverage options being exercised or convertible securities being converted, potentially impacting its capital structure and offering new opportunities for investors.

Emerald Resources Issues Shares Following Option Exercise
Oct 21, 2025

Emerald Resources NL has issued 14,738 fully paid ordinary shares to an employee following the exercise of unlisted options, as part of its Incentive Plan. This move reflects the company’s ongoing compliance with regulatory requirements and its strategic approach to employee incentives, potentially impacting its capital structure and shareholder value.

Emerald Resources Announces Digital-First Annual General Meeting
Oct 16, 2025

Emerald Resources NL has announced its upcoming Annual General Meeting, scheduled for November 28, 2025, at the Subiaco Arts Centre in Western Australia. The company will not be sending physical copies of the meeting notice, instead making it available online. Shareholders are encouraged to participate by submitting proxy votes by November 26, 2025, and can submit questions ahead of the meeting. This shift to digital communication aligns with recent legislative changes and reflects a broader industry trend towards more sustainable practices.

Emerald Resources NL Announces Annual General Meeting
Oct 16, 2025

Emerald Resources NL has announced its Annual General Meeting, scheduled for November 28, 2025, at the Subiaco Arts Centre in Western Australia. The meeting will address several key agenda items, including the consideration of the company’s financial statements and reports for the fiscal year ending June 30, 2025, the adoption of the Remuneration Report, and the re-election of Director Michael Bowen. Shareholders are encouraged to participate as their votes are crucial for the proceedings, although the vote on the Remuneration Report is advisory and non-binding.

Emerald Resources NL Issues New Securities to Strengthen Market Position
Oct 8, 2025

Emerald Resources NL has announced the issuance of 136,444 fully paid ordinary securities, which are set to be quoted on the ASX as of October 8, 2025. This move is part of the company’s strategy to enhance its capital structure and potentially improve its market position, providing stakeholders with increased liquidity and investment opportunities.

Emerald Resources Issues Shares to Employees Following Option Exercise
Oct 8, 2025

Emerald Resources NL has issued 136,444 fully paid ordinary shares to employees following the exercise of options as part of its Incentive Plan. This move reflects the company’s compliance with the Corporations Act and its ongoing commitment to rewarding employees, potentially enhancing stakeholder confidence and supporting its growth strategy.

Emerald Resources Reports Significant Exploration Successes
Oct 6, 2025

Emerald Resources NL has announced significant exploration successes at its Dingo Range Gold Project in Western Australia and the Antrong North Licence in Cambodia. The company reported new discoveries and high-grade mineralization at various prospects, indicating potential for resource growth and expansion. These developments are expected to enhance Emerald’s operational capabilities and strengthen its position in the gold mining industry.

Emerald Resources Celebrates 1,000th Gold Bar Milestone at Okvau Mine
Oct 6, 2025

Emerald Resources NL has achieved a significant milestone with the pouring of its 1,000th gold bar at the Okvau Gold Mine in Cambodia, marking a major achievement since its first gold pour in June 2021. This accomplishment underscores the company’s dedication to growth and investment in new projects within Cambodia and Australia, furthering its strategy to become a multi-mine gold mining company. The event was celebrated with the presence of Cambodian government officials, highlighting the strong support and collaboration between the company and local authorities. Emerald Resources emphasizes its commitment to the environment and local communities, aiming to provide continued opportunities for the Cambodian workforce as it expands its operations.

Emerald Resources Maintains FY26 Guidance Despite Weather Challenges
Oct 5, 2025

Emerald Resources NL announced that its gold production for the September 2025 quarter at the Okvau Gold Mine was below expectations due to heavy rainfall, which restricted access to high-grade ore. Despite this setback, the company maintains its production and cost guidance for the fiscal year 2026, aiming for 105Koz to 120Koz of gold production. Emerald is on track to become a multi-mine gold producer with over 300Koz annual production, driven by expansions at Okvau and new projects in Cambodia and Australia.

Emerald Resources NL Announces 2025 Annual General Meeting
Sep 30, 2025

Emerald Resources NL has announced its Annual General Meeting (AGM) will be held on 28 November 2025. The company has a strong track record of completing projects on time and within budget, with significant exploration potential in both Cambodia and Australia. The AGM will provide further insights into the company’s future plans and strategies, potentially impacting stakeholders and market positioning.

Van Eck Associates Ceases Substantial Holding in Emerald Resources
Sep 23, 2025

Emerald Resources NL has announced that Van Eck Associates Corporation has ceased to be a substantial holder of its voting securities as of September 22, 2025. This change in substantial holding could impact the company’s shareholder structure and influence its future strategic decisions, potentially affecting its market positioning and stakeholder interests.

Emerald Resources NL to Quote New Securities on ASX
Sep 10, 2025

Emerald Resources NL has announced the issuance of 150,128 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) as of September 10, 2025. This move is part of the company’s ongoing efforts to enhance its capital structure and potentially improve its market position, signaling a strategic step that may have implications for its stakeholders and future operations.

Emerald Resources NL Issues New Shares to Employees
Sep 10, 2025

Emerald Resources NL has issued 150,128 fully paid ordinary shares to employees following the exercise of unlisted options. This move reflects the company’s compliance with the Corporations Act and contributes to its revised capital structure, potentially impacting its market positioning and stakeholder interests positively.

Emerald Resources Issues Unquoted Equity Options as Part of Employee Incentive Scheme
Sep 10, 2025

Emerald Resources NL has announced the issuance of 2,478,000 unquoted equity securities in the form of options that expire on August 14, 2030, with an exercise price of $4.40, subject to various vesting conditions. This move is part of an employee incentive scheme and is not intended to be quoted on the ASX, potentially impacting employee retention and motivation while aligning their interests with the company’s long-term goals.

Emerald Resources Issues Employee Incentive Options
Sep 10, 2025

Emerald Resources NL has announced the issuance of 2,478,000 unlisted options to employees under its Securities Incentive Plan, with a strike price of $4.40 and an expiration date of August 14, 2030. This move reflects the company’s strategy to incentivize its workforce, potentially enhancing operational performance and aligning employee interests with long-term company goals.

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: Nov 07, 2025