Genmin Ltd. (AU:GEN)
ASX:GEN
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Genmin Ltd.
(Sydney:GEN)
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Rating:47Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:04/08/26
The score is primarily constrained by weak financial performance (pre-revenue operations, ongoing losses, and persistent cash burn), partially offset by a still-solid equity base and improving leverage/cash burn. Technical and valuation inputs are limited or non-supportive based on the provided data.
Positive Factors
Balance sheet equity cushion
A sizeable equity cushion and improving leverage provide durable financial flexibility for a development-stage miner. This reduces immediate refinancing pressure, supports staged funding of studies and permitting, and can enable better negotiation of JV or offtake terms while projects mature over the next several months.
Negative Factors
Pre-revenue operations
Being pre-revenue is a fundamental constraint: no operating income means project economics are unproven and all value depends on future development and commodity markets. Over months this elevates execution and financing risk because operating cash flow cannot cover costs until commercial production starts.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet equity cushion
A sizeable equity cushion and improving leverage provide durable financial flexibility for a development-stage miner. This reduces immediate refinancing pressure, supports staged funding of studies and permitting, and can enable better negotiation of JV or offtake terms while projects mature over the next several months.
Read all positive factors
Genmin Ltd. (GEN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$27.68M
Dividend YieldN/A
Average Volume (3M)876.86K
Price to Earnings (P/E)―
Beta (1Y)1.56
Revenue GrowthN/A
EPS Growth9.80%
CountryAU
Employees21
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding3,459,536,100
10 Day Avg. Volume502,652
30 Day Avg. Volume876,856
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)0.25
Price to Sales (P/S)0.00
P/FCF Ratio-1.19
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
Genmin Ltd. Business Overview & Revenue Model
Company Description
Genmin Limited is a mining exploration and development firm engaged in iron ore production within Africa. Its portfolio includes three fully-owned projects, comprising six exploration licenses covering a combined area of approximately 5,270 square...
How the Company Makes Money
Genmin’s monetisation is primarily expected to come from developing and operating iron ore projects and selling iron ore products (e.g., ore or concentrates) to steelmakers and commodity traders under offtake/sales contracts, generating revenue ba...
Genmin Ltd. Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
54
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -331.16K | -321.86K | -601.12K | -363.51K | -261.13K |
| EBITDA | -11.20M | -8.81M | -16.53M | -10.08M | -4.95M |
| Net Income | -14.64M | -10.68M | -19.85M | -8.01M | -3.98M |
Balance Sheet | |||||
| Total Assets | 57.70M | 49.91M | 47.51M | 52.48M | 58.69M |
| Cash, Cash Equivalents and Short-Term Investments | 9.37M | 2.38M | 126.18K | 7.34M | 12.75M |
| Total Debt | 16.23M | 14.01M | 17.74M | 11.36M | 476.51K |
| Total Liabilities | 22.29M | 16.25M | 22.87M | 14.66M | 2.57M |
| Stockholders Equity | 35.56M | 33.74M | 24.79M | 37.90M | 40.85M |
Cash Flow | |||||
| Free Cash Flow | -7.56M | -9.54M | -17.77M | -21.17M | -11.56M |
| Operating Cash Flow | -7.50M | -9.54M | -13.69M | -6.97M | -7.06M |
| Investing Cash Flow | -1.58M | -2.10M | -4.19M | -4.20M | -4.50M |
| Financing Cash Flow | 16.20M | 13.81M | 7.37M | 4.97M | 28.87M |
Genmin Ltd. 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% | |
54 Neutral | AU$63.69M | -5.31 | -18.37% | ― | ― | -69.35% | |
47 Neutral | AU$27.68M | -0.47 | -16.49% | ― | ― | 9.80% | |
47 Neutral | AU$25.10M | -0.17 | 74.51% | ― | 139.07% | 99.73% | |
46 Neutral | AU$50.07M | -12.62 | -6.35% | ― | ― | -1100.00% |
* Basic Materials Sector Average
AU:GEN
Genmin Ltd.
0.01
-0.01
-50.00%
DE:G4U
Globe Metals & Mining Limited
0.03
0.02
138.46%
AU:G6M
Group 6 Metals Limited
2.50
0.00
0.00%
AU:RTR
Rumble Resources Limited
0.05
0.03
122.73%
AU:LMG
Latrobe Magnesium Limited
0.02
<0.01
50.00%
Genmin Ltd. Corporate Events
Genmin Director John Hodder Sees 5 Million Options Expire
Apr 7, 2026
Genmin Ltd. has reported a change in the interests of director John Hodder, whose holdings are held indirectly through Haphisth Pty Ltd and Harry Belle Holdings Pty Ltd. The update was lodged with the ASX under the standard director interest notif...
Genmin director’s options lapse after reaching expiry date
Apr 7, 2026
Genmin Limited disclosed a change in the interests of director Salvatore Pietro Amico, in line with ASX listing rule 3.19A.2 and Corporations Act requirements. The filing notes that Amico held 886,350 fully paid ordinary shares and 295,450 unliste...
Genmin Options Lapse, Trimming Potential Future Dilution
Apr 7, 2026
Genmin Ltd has reported changes to its capital structure with the expiry of a large tranche of options listed on the ASX under the code GENAQ. These options, which had an exercise price of $0.20 and were due to expire on 31 March 2026, have now la...
Genmin Sets Out Governance and Reporting Framework in 2025 Annual Report
Mar 31, 2026
Genmin Limited is an Australian-listed company whose fully paid shares trade on the ASX under the code GEN. The company operates from offices in West Perth, Western Australia, and is supported by a board comprising an executive chair and several n...
Genmin Files Updated Corporate Governance Statement and Appendix 4G
Mar 31, 2026
Genmin Ltd. has lodged its updated corporate governance statement for the year ended 31 December 2025, confirming that the document is current as of that date and approved by the board. The statement is hosted on the company’s website and is...
Genmin issues heavily qualified investor presentation for iron ore conference
Mar 25, 2026
Genmin Ltd has released a confidential investor presentation dated 9 February 2026 for the 28th Global Iron Ore Steel Conference, outlining background information on the company and its activities. The document stresses that it is informational o...
Genmin sets AGM and board nomination timeline as Gabon iron ore hub advances
Mar 13, 2026
Genmin Limited, an ASX-listed emerging African iron ore producer, is advancing a portfolio of wholly owned projects in Gabon, led by its Baniaka and Bakoumba assets that are strategically located near existing transport and renewable power infrast...
Genmin Options Lapse, Trimming Potential Share Overhang
Mar 10, 2026
Genmin Ltd has reported the expiry of 5,000,000 listed options, with an exercise price of $0.442 and an original expiry date of 7 March 2026, which lapsed unexercised on 10 March 2026. The cessation of these options slightly simplifies the company...
Genmin Issues Caution-Laden Investor Presentation at Mining Indaba
Feb 8, 2026
Genmin Ltd has released an investor presentation at the Mining Indaba conference in Cape Town, outlining general background information on the company and its activities as of 9 February 2026. The document stresses that the material is information...
Genmin Extends Chinese Offtake MoUs for Baniaka Green Iron Ore to 2027
Feb 5, 2026
Genmin Limited has extended its non-binding offtake memoranda of understanding with three major Chinese steel groups—China Minmetals Corporation, Jianlong Group and Hunan-Valin Iron Steel Group—for a further 18 months to 30 June 2027,...
Genmin Secures Funding Boost and Chinese Partner Support as Baniaka Nears Key Milestones
Jan 29, 2026
Genmin Limited has strengthened its balance sheet and advanced funding plans for its flagship Baniaka iron ore project, completing a A$25.7 million two-tranche equity placement that included A$8.3 million in director loan conversions, leaving the ...
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.