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Estrella Resources Limited
(Sydney:ESR)
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Rating:43Neutral
Price Target:
AU$0.03
▼(-13.33% Downside)
Action:Reiterated
Date:06/23/26
The score is primarily constrained by weak financial performance (negligible recent revenue, recurring losses, and ongoing cash burn), despite low leverage and a reasonable equity cushion. Technicals add further downside bias with the price trading below major moving averages and negative MACD. Valuation is also challenged by a negative P/E and no stated dividend yield.
Positive Factors
Low leverage / minimal debt
A near-zero debt profile materially reduces refinancing and interest-rate risks over the medium term. With negligible leverage, the company has greater balance sheet flexibility to absorb continued operating losses, prioritize operational fixes, or seek strategic investments without heavy fixed-cost obligations.
Negative Factors
Negligible revenue
Persistent absence of meaningful revenue undermines long-term viability: the business model is not generating operating cash or scale economics. Without a sustainable revenue base, management must rely on external funding to continue operations, limiting strategic autonomy and growth prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / minimal debt
A near-zero debt profile materially reduces refinancing and interest-rate risks over the medium term. With negligible leverage, the company has greater balance sheet flexibility to absorb continued operating losses, prioritize operational fixes, or seek strategic investments without heavy fixed-cost obligations.
Read all positive factors
Estrella Resources Limited (ESR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$60.28M
Dividend YieldN/A
Average Volume (3M)4.26M
Price to Earnings (P/E)―
Beta (1Y)0.78
Revenue GrowthN/A
EPS Growth-535.29%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding2,232,536,900
10 Day Avg. Volume3,330,468
30 Day Avg. Volume4,257,582
Financial Highlights & Ratios
PEG Ratio1.22
Price to Book (P/B)4.14
Price to Sales (P/S)0.00
P/FCF Ratio-75.20
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
Estrella Resources Limited Business Overview & Revenue Model
Company Description
Estrella Resources Limited, along with its subsidiaries, is dedicated to exploring and developing nickel deposits throughout Western Australia. The company maintains full ownership of two key projects: the Carr Boyd nickel project, which incorpora...
How the Company Makes Money
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Estrella Resources Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
64
Positive
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 | 405.52K | 2.29K | 1.38M |
| Gross Profit | -117.22K | -112.43K | -141.00K | 405.52K | 2.29K | 19.62K |
| EBITDA | -2.59M | -1.96M | -2.77M | -1.38M | -2.13M | -428.00K |
| Net Income | -23.25M | -2.08M | -2.99M | -1.60M | -2.28M | -543.00K |
Balance Sheet | ||||||
| Total Assets | 8.25M | 29.90M | 21.11M | 23.33M | 21.14M | 15.42M |
| Cash, Cash Equivalents and Short-Term Investments | 893.37K | 6.56M | 359.61K | 1.08M | 776.39K | 3.61M |
| Total Debt | 0.00 | 0.00 | 0.00 | 1.04M | 0.00 | 275.33K |
| Total Liabilities | 680.72K | 5.74M | 390.24K | 1.30M | 1.46M | 1.40M |
| Stockholders Equity | 7.57M | 24.16M | 20.72M | 22.03M | 19.67M | 14.02M |
Cash Flow | ||||||
| Free Cash Flow | -1.32M | -1.33M | -1.44M | -5.20M | -9.62M | -8.03M |
| Operating Cash Flow | -1.15M | -1.27M | -1.15M | -1.13M | -1.26M | -824.41K |
| Investing Cash Flow | -7.00M | -2.33M | -287.09K | -3.04M | -8.12M | -5.40M |
| Financing Cash Flow | 8.64M | 10.02M | 586.22K | 4.50M | 6.55M | 9.74M |
Estrella Resources Limited 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% | |
49 Neutral | AU$52.17M | -20.23 | -10.33% | ― | 74.61% | 33.33% | |
43 Neutral | AU$60.28M | -2.50 | -146.58% | ― | ― | -535.29% | |
43 Neutral | AU$50.34M | -2.19 | -41.37% | ― | -53.41% | 70.61% | |
43 Neutral | AU$60.10M | 110.00 | -0.41% | ― | ― | ― | |
43 Neutral | AU$52.06M | -1.23 | -342.18% | ― | ― | -134.94% | |
42 Neutral | AU$56.34M | -4.98 | -7.41% | ― | 5472.73% | 40.17% |
* Basic Materials Sector Average
AU:ESR
Estrella Resources Limited
0.03
-0.02
-35.71%
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PepinNini Minerals Limited
0.12
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100.00%
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164.71%
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Diatreme Resources Limited
0.01
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0.05
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-65.71%
Estrella Resources Limited Corporate Events
Estrella hails high-grade multi-commodity finds around Timor-Leste’s Laleno Dome
Jul 13, 2026
Estrella Resources has reported new high-grade copper, nickel, silver and manganese rock-chip assays from its mineral concessions in the largely unexplored Timor-Leste, highlighting significant multi-commodity potential. The latest results from th...
Estrella Resources Updates Director Les Pereira’s Indirect Holdings
Jul 7, 2026
Estrella Resources Limited has reported changes in the indirect security holdings of director Les Pereira, primarily through entities Nannook Holdings Pty Ltd and a Pereira superannuation account. The disclosure outlines adjustments to his portfol...
Estrella Resources Seeks ASX Quotation for 17 Million New Shares
Jul 7, 2026
Estrella Resources Limited has lodged a new application with the ASX for the quotation of 17,000,000 ordinary fully paid shares. The securities, issued on July 7, 2026, expand the number of tradable ESR shares on the market.The move represents a c...
Estrella Resources Confirms High-Grade Manganese Potential in Timor-Leste
Jul 2, 2026
Estrella Resources has reported high-grade manganese rock-chip assays from reconnaissance mapping at the Leuro and Sica prospects in Timor-Leste, with individual samples grading up to 57.8% Mn and averages of 34.6% and 47.5% Mn respectively. The m...
Estrella Resources Director Increases Equity Stake via Share Purchase and Rights Conversion
Jun 10, 2026
Estrella Resources has disclosed changes to director Les Pereira’s indirect interests, primarily through entities Nannook Holdings Pty Ltd and Nannook Holdings Pty Ltd . The update details his existing holdings in fully paid ordinary shares,...
Estrella Resources Issues 5 Million New Shares Under Section 708A
Jun 10, 2026
Estrella Resources Limited has issued 5,000,000 new fully paid ordinary shares on 10 June 2026, expanding its share capital on the ASX. The move may affect existing shareholders through dilution, but the company emphasises that it has met all rele...
Estrella Resources Seeks ASX Quotation for 5 Million New Shares
Jun 10, 2026
Estrella Resources Limited has applied to the ASX for quotation of 5,000,000 new ordinary fully paid shares under the ticker ESR. The new securities, issued on 10 June 2026, arise from the exercise of options or conversion of other securities, mod...
Estrella Uses Advanced UAV Survey to Probe Deeper Manganese Potential at Ira Miri
May 29, 2026
Estrella Resources has completed a cutting-edge MobileMTd UAV passive electromagnetic survey at its Ira Miri Manganese Project in Timor-Leste, aimed at imaging subsurface resistivity and structures to depths far beyond earlier ground-based work. T...
Estrella Resources Appoints New Director with Long-Term Option Incentive
May 26, 2026
Estrella Resources Limited has appointed Robert Mencel as a director effective 22 May 2026, formally notifying the ASX of his initial interests in the company’s securities. Mencel holds no shares directly but has an indirect interest through...
Estrella Resources Tightens Timor-Leste Focus with Managing Director Appointment
May 22, 2026
Estrella Resources has elevated Chief Executive Officer Robert Mencel to Managing Director, formalising a planned leadership transition aimed at steering the company through its next growth phase in Timor-Leste. Former Managing Director Chris Daws...
Estrella Defines High-Grade Manganese Stockpile at Ira Miri in Timor-Leste
May 10, 2026
Estrella Resources has completed a Category B market appraisal extraction at its Ira Miri Manganese Project in Timor-Leste, defining a Stage 1 stockpile of about 27,371 tonnes, including 4,984 tonnes of high-grade material grading 49.38% manganese...
Estrella Resources Secures Final Tranche of $8.01m Options Underwriting
May 4, 2026
Estrella Resources Limited has confirmed receipt of the final $4.005 million under Tranche 2 of its listed options underwriting agreement with Million Link (China) Investment Ltd, completing the $8.01 million underwritten amount tied to 445 millio...
Estrella fast-tracks shift to producer with first Timor-Leste mining and strong limestone results
Apr 29, 2026
Estrella Resources reported a pivotal quarter as it began Timor-Leste’s first hard-rock minerals extraction under the nation’s modern mining code at the Ira Miri manganese pit, using mainly local contractors with no lost-time injuries ...
Estrella Resources Reaffirms Compliance in Exploration Update
Apr 15, 2026
Estrella Resources has released a presentation summarising its current exploration and development activities, while emphasising that the material is informational only and does not constitute an offer to buy or sell securities. The company unders...
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.