Emerald Resources NL (AU:EMR)
ASX:EMR
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Emerald Resources NL
(Sydney:EMR)
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Rating:71Outperform
Price Target:
AU$6.00
â–Ľ(-7.41% Downside)
Action:Upgraded
Date:04/09/26
The score is driven primarily by strong financial performance (rapid revenue growth, solid profitability, and very low leverage), tempered by declining free cash flow growth. Technical indicators are mixed with a negative MACD, and valuation appears reasonable at a mid-range P/E without dividend yield support.
Positive Factors
Revenue growth & margins
A large YoY revenue uplift combined with strong gross and net margins indicates durable operational leverage and effective cost control. That margin profile supports reinvestment in mining operations, funds sustaining capital, and provides a buffer versus input cost inflation over the medium term.
Negative Factors
Declining free cash flow growth
A 26.3% drop in free cash flow growth is a persistent risk if it continues, as it can reduce internal funding for expansions, exploration or debt repayment. Over months, sustained FCF contraction would force tougher capital-allocation choices or external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth & margins
A large YoY revenue uplift combined with strong gross and net margins indicates durable operational leverage and effective cost control. That margin profile supports reinvestment in mining operations, funds sustaining capital, and provides a buffer versus input cost inflation over the medium term.
Read all positive factors
Emerald Resources NL (EMR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$3.72B
Dividend YieldN/A
Average Volume (3M)1.84M
Price to Earnings (P/E)36.9
Beta (1Y)1.53
Revenue Growth4.59%
EPS Growth3.65%
CountryAU
Employees337
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.15
Shares Outstanding660,775,800
10 Day Avg. Volume2,556,209
30 Day Avg. Volume1,836,436
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)3.97
Price to Sales (P/S)5.93
P/FCF Ratio18.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$7.20Price Target Upside11.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.38
Revenue Forecast (FY)AU$636.25M
Emerald Resources NL Business Overview & Revenue Model
Company Description
Emerald Resources NL engages in the exploration and development of mineral reserves in Cambodia and Australia. Its exploration tenements include a combination of 100% owned granted licenses, applications, and earn-in and joint venture agreements c...
How the Company Makes Money
Emerald Resources primarily makes money by producing and selling gold. Its main revenue stream comes from mining and processing ore at the Okvau Gold Mine to produce gold doré, which is then sold (typically to refineries/offtakers) with revenue li...
Emerald Resources NL Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 450.67M | 438.14M | 366.04M | 297.67M | 206.47M | 24.00K |
| Gross Profit | 241.36M | 252.37M | 161.50M | 115.02M | 94.95M | -1.77M |
| EBITDA | 226.69M | 200.48M | 179.39M | 137.76M | 110.90M | -16.56M |
| Net Income | 101.06M | 87.61M | 84.27M | 59.36M | 45.37M | -16.70M |
Balance Sheet | ||||||
| Total Assets | 890.41M | 756.12M | 712.42M | 495.23M | 442.80M | 250.11M |
| Cash, Cash Equivalents and Short-Term Investments | 299.35M | 201.39M | 144.60M | 71.47M | 43.24M | 22.96M |
| Total Debt | 48.30M | 21.93M | 48.77M | 79.91M | 94.20M | 93.37M |
| Total Liabilities | 163.04M | 100.68M | 154.45M | 171.25M | 193.68M | 145.04M |
| Stockholders Equity | 727.37M | 655.44M | 557.97M | 320.12M | 244.64M | 105.07M |
Cash Flow | ||||||
| Free Cash Flow | 135.47M | 136.96M | 114.69M | 55.64M | 15.04M | -102.05M |
| Operating Cash Flow | 179.96M | 154.67M | 120.58M | 64.25M | 62.48M | -9.52M |
| Investing Cash Flow | -54.69M | -26.12M | -10.09M | -15.06M | -26.78M | -92.49M |
| Financing Cash Flow | -19.71M | -77.50M | -74.83M | -24.71M | -17.98M | 282.00K |
Emerald Resources NL Technical Analysis
Negative
6.48
Price Trends
5.97
Negative
6.05
Negative
5.80
Negative
Market Momentum
-0.02
Positive
45.57
Neutral
24.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EMR, the sentiment is Negative. The current price of 6.48 is above the 20-day moving average (MA) of 5.81, above the 50-day MA of 5.97, and above the 200-day MA of 5.80, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 45.57 is Neutral, neither overbought nor oversold. The STOCH value of 24.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:EMR.
Emerald Resources NL Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$4.99B | 10.14 | 27.80% | 0.65% | 31.42% | ― | |
71 Outperform | AU$3.72B | 36.92 | 14.62% | ― | 4.59% | 3.65% | |
67 Neutral | AU$6.86B | 18.47 | 12.39% | 1.32% | 16.69% | 3.17% | |
67 Neutral | AU$3.29B | 5.30 | 42.00% | ― | 111.74% | 100.58% | |
66 Neutral | AU$5.69B | 11.83 | 9.94% | 1.92% | 13.34% | -15.96% | |
64 Neutral | AU$2.16B | 13.11 | 17.01% | ― | 10.67% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
AU:EMR
Emerald Resources NL
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1.71
43.62%
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Emerald Resources NL Corporate Events
State Street Entities Exit Substantial Holding in Emerald Resources NL
Jun 5, 2026
State Street Corporation and several of its subsidiaries have lodged a notice that they have ceased to be substantial shareholders in Emerald Resources NL. The filing, made under section 671B of the Corporations Act, indicates that these entities ...
Emerald Backs Manda Resources in North Queensland Gold Consolidation and Planned ASX Listing
Jun 3, 2026
Emerald Resources NL has strengthened its strategic expansion plans by backing Manda Resources Ltd, in which it holds a significant stake, to acquire Pacgold Limited’s North Queensland assets and Territory Minerals’ Tregoora and Northc...
Emerald Resources Seeks Quotation for Additional 70,000 Shares
May 1, 2026
Emerald Resources NL has applied to the ASX for quotation of 70,000 additional ordinary fully paid shares, to be issued on 1 May 2026. The new securities arise from the exercise or conversion of existing options or other convertible securities, ma...
Emerald Resources issues new shares following employee option exercise
May 1, 2026
Emerald Resources has expanded its share capital through the exercise of 70,000 unlisted employee options, resulting in the issue of 70,000 fully paid ordinary shares. The options were exercised at A$1.37 each and were originally issued in October...
Emerald Resources Seeks Quotation for Additional 60,000 Shares on ASX
Apr 30, 2026
Emerald Resources NL has applied for quotation of 60,000 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of April 30, 2026. The additional securities, arising from the exercise or conversion of existing ins...
Emerald Resources Issues New Shares on Employee Option Exercise
Apr 30, 2026
Emerald Resources NL has issued 60,000 fully paid ordinary shares to an employee following the exercise of an equivalent number of unlisted options priced at A$1.37 and expiring in October 2027. The new shares modestly increase the company’s...
Emerald Resources Hits High-Grade Gold Across Dingo Range, Memot and Okvau
Apr 20, 2026
Emerald Resources has reported a strong quarter of exploration and infill drilling across its 100%-owned Dingo Range, Memot and Okvau gold assets, delivering multiple high-grade gold intercepts that reinforce resource continuity and expansion pote...
Emerald Resources Posts Strong March Quarter at Okvau Mine
Apr 9, 2026
Emerald Resources reported March quarter production of 26,269 ounces of gold from its 100%-owned Okvau Gold Mine in Cambodia, with 26,318 ounces sold at an average price of US$4,875 per ounce and all-in sustaining costs expected at the lower end o...
State Street Group Ceases to Be Substantial Holder in Emerald Resources NL
Mar 24, 2026
State Street Corporation, through several global asset management and trust subsidiaries, has lodged a notice that it has ceased to be a substantial holder in Emerald Resources NL as of 20 March 2026. The filing indicates that these related entiti...
Emerald Resources Seeks ASX Quotation for New Share Issue
Mar 18, 2026
Emerald Resources NL has applied for quotation on the ASX of 46,343 new ordinary fully paid shares, to be issued on 18 March 2026. The modest new issuance reflects routine capital management activity and will slightly increase the company’s ...
Emerald Resources issues new shares via employee option exercise
Mar 18, 2026
Emerald Resources has issued 46,343 fully paid ordinary shares to an employee following the exercise of 60,000 unlisted options priced at $1.37 and expiring in October 2027, using a cashless exercise facility under its Incentive Plan. The company ...
State Street Group Ceases to Be Substantial Holder in Emerald Resources NL
Mar 18, 2026
State Street Corporation and several of its asset management and trust subsidiaries, including State Street Global Advisors entities in Australia, Europe and the U.S., have lodged a notice that they have ceased to be a substantial holder in Emeral...
Emerald Resources maps path to multi‑mine 300Koz gold output
Mar 17, 2026
Emerald Resources NL used a conference presentation dated 16 March 2026 to outline its transition from a single-mine producer of more than 100,000 ounces of gold per year to a planned multi-mine operation exceeding 300,000 ounces annually. The upd...
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.