Gullewa Limited (GUL) AI Stock Analysis

• Market Cap: AU$22.89M
• Dividend Yield: 8.14%
• Average Volume (3M): 62.12K
• Price to Earnings (P/E): 11.8
• Beta (1Y): -0.09
• Revenue Growth: N/A
• EPS Growth: -16.82%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): <0.01
• Shares Outstanding: 218,022,170
• 10 Day Avg. Volume: 67,534
• 30 Day Avg. Volume: 62,124
• PEG Ratio: -0.43
• Price to Book (P/B): 0.70
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.17
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: AU$0.10 ▲(10.00% Upside)

The score is driven primarily by solid financial footing (debt-free balance sheet and generally positive cash generation) and supportive valuation (low P/E and high dividend yield). Offsetting these positives is elevated operating uncertainty from volatile EBIT and the most recent annual revenue dropping to zero, while technicals remain moderately constructive.

Positive Factors

Debt-Free Balance Sheet

A debt-free balance sheet reduces financial risk and enhances financial stability, allowing the company to navigate uncertain market conditions more effectively.

Positive Cash Flow

Consistent positive cash flow indicates effective cash management and operational efficiency, supporting the company's ability to fund growth and withstand economic fluctuations.

Strategic Asset Management

Strategic asset management through the disposal of non-core assets enhances liquidity and focuses resources on core operations, potentially improving long-term profitability.

Negative Factors

Revenue Collapse

A complete revenue collapse raises significant concerns about the company's ability to sustain operations and generate future profits, impacting long-term viability.

Volatile EBIT

Volatile EBIT indicates inconsistent operational performance, which can undermine investor confidence and complicate strategic planning and resource allocation.

Inconsistent Free Cash Flow

Inconsistent free cash flow suggests challenges in converting revenue to cash, potentially limiting the company's ability to invest in growth opportunities and meet financial obligations.

Gullewa Limited Business Overview & Revenue Model

Company Description

Gullewa Limited engages in the exploration and evaluation of mineral properties in Australia. It operates through three segments: Exploration and Evaluation, Property Holding, and Investments. The company explores for gold and base metals. It holds interest in the South Darlot gold project; and has 1% royalty interest in the Deflector gold-copper project located in the Gullewa project area, Western Australia. The company also acquires investment properties; and invests in shares of listed and unlisted entities. In addition, it is involved in the land subdivision activity. Gullewa Limited was incorporated in 1953 and is based in Sydney, Australia.

How the Company Makes Money

Gullewa Limited generates revenue primarily through the exploration and potential development of its mineral resource projects. The company seeks to monetize its mineral assets by discovering commercially viable mineral deposits and either developing them into operational mines or selling the projects to other mining companies. Revenue can also be derived from joint ventures or partnerships with other companies in the mining sector, where Gullewa might earn a share of the profits from the mining operations. Additionally, the company may generate income from royalties or option agreements related to its mining tenements. Strategic partnerships and timely investment decisions in the exploration phase are significant factors contributing to its earnings.

Gullewa Limited Financial Statement Overview

Summary

Gullewa Limited demonstrates financial stability through a strong balance sheet with zero debt and solid equity. However, income statement volatility, particularly in revenue generation, poses risks. Positive cash flow trends suggest efficient management, but historical fluctuations underscore potential challenges in maintaining consistent cash generation.

Income Statement

The company's income statement shows significant volatility with total revenue dropping to zero in the latest period. While net income improved dramatically, these results reflect instability in revenue generation. Historical revenue growth shows inconsistency, and profit margins fluctuate, indicating a challenging operational environment.

Balance Sheet

The balance sheet is strong, with no debt and robust stockholders' equity, resulting in a favorable debt-to-equity ratio. The company maintains a high equity ratio, indicating strong financial stability and a solid asset base. These factors contribute to a positive financial outlook despite revenue challenges.

Cash Flow

Cash flow analysis shows a positive trend with significant free cash flow growth in the latest period. The operating cash flow is healthy compared to net income, indicating efficient cash management. However, past fluctuations in free cash flow highlight potential volatility in cash generation capabilities.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.76M	0.00	4.94M	3.80M	4.02M	3.17M
Gross Profit	2.76M	-1.86K	4.94M	3.79M	-9.93K	-9.68K
EBITDA	2.63M	2.63M	2.83M	2.01M	1.81M	2.11M
Net Income	1.94M	1.94M	2.19M	1.53M	1.43M	1.44M
Balance Sheet
Total Assets	22.12M	22.12M	19.94M	17.16M	16.15M	13.81M
Cash, Cash Equivalents and Short-Term Investments	10.05M	10.05M	10.23M	8.19M	8.61M	8.36M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	1.05M	1.05M	554.81K	377.12K	1.29M	920.52K
Stockholders Equity	20.30M	20.30M	19.45M	16.88M	14.96M	12.99M
Cash Flow
Free Cash Flow	1.73M	1.73M	2.16M	-846.16K	1.93M	2.92M
Operating Cash Flow	1.74M	1.74M	2.16M	1.28M	1.93M	2.93M
Investing Cash Flow	-6.10M	-6.10M	1.00M	671.15K	-1.12M	-2.88M
Financing Cash Flow	-1.08M	-1.08M	-671.65K	-1.17M	123.63K	436.82K

Gullewa Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.09
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GUL, the sentiment is Positive. The current price of 0.09 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.08, and above the 200-day MA of 0.07, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 74.46 is Negative, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:GUL.

Gullewa Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GUL	74 Outperform	AU$22.89M	11.80	9.77%	8.14%	―	-16.82%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BCA	50 Neutral	AU$62.85M	102.63	4.75%	―	―	―
HOR	48 Neutral	AU$32.75M	-42.73	―	―	―	―
AHN	47 Neutral	AU$13.60M	―	-5.71%	―	―	16.67%
BUX	45 Neutral	AU$12.43M	-1.73	-127.11%	―	―	10.34%
CMD	40 Underperform	AU$18.70M	-4.62	-136.26%	―	―	-79.31%

Gullewa Limited Corporate Events

Central Iron Ore Launches Rights Offering to Bolster Financial Position

Central Iron Ore Limited has announced a rights offering to its shareholders, allowing them to purchase additional shares at a set price. The offering aims to raise up to $2.89 million, which will be used for various operational needs, including contributions to joint ventures, drilling projects, and debt repayment to Gullewa Limited. This move is expected to strengthen the company’s financial position and support its ongoing projects.

Central Iron Ore Advances British King Gold Project with New Technical Report

Central Iron Ore Limited has filed a National Instrument 43-101 Technical Report for the British King Gold Project, indicating increased geological and grade confidence. This development is expected to strengthen the project’s value and advance it towards a mining proposal submission, potentially impacting the company’s operations and stakeholder interests positively.

Gullewa Limited Advances Property and Mining Projects in Q3 2025

Gullewa Limited has made significant progress in its property and mining operations during the quarter ending September 2025. In property development, tender packages have been sent to contractors for a subdivision project, while in mining, assay results have been processed and further drilling is planned to advance the British King Project. The company received a substantial royalty payment and is considering new projects to enhance its portfolio. Additionally, Paul Richardson has been appointed as a non-executive director to the Board of Central Iron Ore Limited.

Gullewa Limited Reports Positive Cash Flow and Strategic Asset Management

Gullewa Limited’s recent quarterly cash flow report reveals a positive net cash flow from operating activities, amounting to $145,000, driven by receipts from customers and dividends received. The company also reported a net cash inflow from investing activities of $588,000, primarily due to proceeds from the disposal of property, plant, and equipment, indicating a strategic focus on optimizing asset management. This financial performance suggests a stable operational footing and a potential for growth in its exploration endeavors, which could positively impact stakeholders and enhance its industry positioning.

Gullewa Limited Announces Digital-First Approach for Upcoming AGM

Gullewa Limited has announced its Annual General Meeting scheduled for November 27, 2025, in Sydney. The company will not send physical copies of the Notice of Meeting, aligning with recent legislative changes, and instead will provide these documents electronically. This move reflects a shift towards digital communication, potentially impacting how shareholders engage with the company.

Gullewa Limited Announces 2025 Annual General Meeting

Gullewa Limited has announced its upcoming Annual General Meeting (AGM) scheduled for November 27, 2025, at its Sydney office. Shareholders are invited to appoint proxies to vote on key resolutions, including the adoption of the Remuneration Report, the re-election of Mr. David Deitz as a Director, and the renewal of proportional takeover provisions in the company’s constitution. The Chair intends to vote all undirected proxies in favor of these resolutions, with any changes in voting intentions to be promptly disclosed via an ASX announcement. This meeting is crucial for stakeholders as it addresses significant governance issues and the strategic direction of the company.

Gullewa Limited Announces 2025 Annual General Meeting

Gullewa Limited has announced its Annual General Meeting, scheduled for November 27, 2025, at its Sydney office. The meeting will address the company’s annual financial report, the adoption of the Remuneration Report, and the re-election of Mr. David Deitz as a Director. The Remuneration Report vote is advisory and non-binding, and specific voting restrictions apply to individuals involved in the report. The re-election of Mr. Deitz will be considered under the ASX Listing Rule and the company’s constitution.