GWR Group Limited (GWR) AI Stock Analysis

• Market Cap: AU$51.78M
• Dividend Yield: N/A
• Average Volume (3M): 296.46K
• Price to Earnings (P/E): 6.2
• Beta (1Y): 0.61
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: 11
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 0.00
• Shares Outstanding: 323,606,660
• 10 Day Avg. Volume: 545,228
• 30 Day Avg. Volume: 296,463
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.62
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 30.65
• 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: 61 Neutral
• Price Target: AU$0.17 ▲(40.83% Upside)

The score is held back primarily by unstable operating performance and uneven cash flows despite a strong low-debt balance sheet. Technicals are supportive but appear overextended, while the low P/E provides some valuation support.

Positive Factors

Low-leverage balance sheet

A minimal-debt, low debt-to-equity profile and rising equity provide a durable capital cushion. Over 2–6 months this improves resilience to steel-cycle downturns, preserves borrowing capacity for capex or rehiring, and reduces default and refinancing risk versus peers.

Recent positive operating and free cash flow

The return to positive OCF and FCF in the latest year signals an operational cash-flow improvement that, if sustained, strengthens reinvestment and debt-servicing capacity. This enhances funding flexibility for consistent capital allocation and reduces reliance on external financing.

Low systematic volatility (Beta)

A low beta indicates the company’s equity historically moves less with market swings, supporting steadier long-term capital planning. For a cyclical steel business, lower systematic volatility can reduce refinancing stress and help management execute multi-quarter operational turnarounds.

Negative Factors

Revenue collapse to zero

Reported revenue falling to zero is a structural red flag: without recurring top-line sales the firm cannot reliably generate operating cash or sustain margins. Even short-term non-operating gains won’t substitute for durable revenue, threatening long-term viability absent revenue recovery.

Negative operating profitability

Negative EBIT shows core business operations are loss-making, implying current profits stem from non-operating items. This undermines earnings quality and sustainability, limits internally generated funds for capex or dividends, and raises execution risk for any operational recovery plan.

Inconsistent cash generation history

A pattern of materially negative OCF/FCF across multiple years indicates fragile cash conversion and funding stress. Even with a low-debt balance sheet, inconsistent cash generation forces reliance on external financing or asset changes, constraining strategic investments and making recovery uncertain.

GWR Group Limited Business Overview & Revenue Model

Company Description

GWR Group Limited explores for, develops, and evaluates mining projects in Australia. The company explores for iron ore, gold, and tungsten deposits. It primarily holds interests in the Wiluna West Gold and Iron projects located in Western Australia. The company also holds an 80% interest in the Hatches Creek tungsten project consisting of two granted exploration licenses covering an area of 31.4 square kilometers located in the Northern Territory; and holds a 70% interest in the Prospect Ridge Magnesite project located in Tasmania. The company was formerly known as Golden West Resources Limited and changed its name to GWR Group Limited in December 2013. GWR Group Limited was incorporated in 2002 and is based in West Perth, Australia.

How the Company Makes Money

GWR Group Limited generates revenue through the exploration and development of its mineral resources, primarily iron ore and gold. The company earns money by extracting and selling these minerals to various markets. Its revenue streams include the sale of raw minerals and potential joint venture arrangements with other mining companies to share exploration and production costs. Additionally, GWR may engage in licensing deals or partnerships to further capitalize on its mineral assets and expand its market reach.

GWR Group Limited Financial Statement Overview

Summary

Overall financials are mixed: a strong, low-leverage balance sheet (78) is offset by highly volatile earnings and weak operating quality (income statement 42, including revenue falling to zero and negative EBIT) plus inconsistent cash generation (cash flow 47) with prior years of negative OCF/FCF and low OCF vs net income.

Income Statement

Earnings are highly volatile and not well-supported by the underlying operating picture. The latest annual period shows revenue dropping to zero (down 100%), while operating profitability remains weak (EBIT negative) despite a positive net income, suggesting profits are likely driven by non-operating items. Prior years show extreme swings in margins and net results (including a large loss in FY2024 and a large profit in FY2023), which reduces confidence in the durability of reported earnings.

Balance Sheet

The balance sheet is a clear strength: the company reports minimal to no debt in most years and a low debt-to-equity profile even when debt is present. Equity has also risen meaningfully versus earlier periods, providing a larger capital cushion. The key weakness is profitability consistency—return on equity swings sharply year to year (including deeply negative periods), which can pressure book value over time if losses recur.

Cash Flow

Cash generation is inconsistent. The latest annual period shows positive operating cash flow and free cash flow, but the operating cash flow relative to net income is low, indicating earnings quality concerns. Several prior years show materially negative operating and free cash flow (notably FY2022–FY2024), which raises risk around funding needs and the sustainability of distributions or reinvestment capacity.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.33M	0.00	928.26K	16.70K	121.71M	672.00
Gross Profit	1.33M	-8.55K	891.66K	-12.87M	-11.48M	-53.47M
EBITDA	-693.57K	9.15M	-964.70K	-1.40M	-344.78K	1.35M
Net Income	8.36M	8.36M	-21.12M	55.63M	-20.71M	7.47M
Balance Sheet
Total Assets	55.49M	55.49M	41.76M	72.01M	36.17M	48.72M
Cash, Cash Equivalents and Short-Term Investments	38.90M	38.90M	37.14M	9.49M	8.67M	24.39M
Total Debt	0.00	0.00	0.00	571.63K	811.63K	1.05M
Total Liabilities	7.38M	7.38M	2.32M	11.66M	31.45M	26.28M
Stockholders Equity	48.11M	48.11M	39.44M	60.35M	4.72M	22.44M
Cash Flow
Free Cash Flow	976.39K	976.39K	-3.13M	-17.46M	-15.59M	26.15M
Operating Cash Flow	976.39K	976.39K	-3.13M	-17.46M	-15.29M	26.15M
Investing Cash Flow	10.00M	10.00M	22.92M	17.67M	-916.79K	-7.63M
Financing Cash Flow	0.00	0.00	0.00	-1.38M	885.56K	3.82M

GWR Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.12
• 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:GWR, the sentiment is Positive. The current price of 0.12 is below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.13, and above the 200-day MA of 0.11, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 73.01 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:GWR.

GWR Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IRD	67 Neutral	AU$16.64M	3.28	3.77%	―	―	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GWR	61 Neutral	AU$51.78M	6.15	19.09%	―	―	―
M4M	41 Neutral	AU$38.84M	-5.56	-92.18%	―	―	66.67%
EQX	28 Underperform	AU$22.35M	-5.26	-32.09%	―	―	-141.04%

GWR Group Limited Corporate Events

GWR Group Bolsters Cash Position as Key Royalties and Critical Mineral Investments Advance

GWR Group ended December 2025 with cash and investments of about $75 million, including $36 million in cash and term deposits and a substantial $39 million strategic holding in Tungsten Mining NL, benefiting from strengthening tungsten prices and a favourable scoping study at Mt Mulgine. The company continued to advance its majority-owned Prospect Ridge Magnesite Project in northwest Tasmania through ongoing metallurgical testwork, ore characterisation and an updated work plan, while also conducting due diligence on new project opportunities and preserving upside through royalty interests over Wiluna West iron ore and the Gold Duke gold project, which has now moved to a decision to mine and is expected to open an additional royalty revenue stream.

The most recent analyst rating on (AU:GWR) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on GWR Group Limited stock, see the AU:GWR Stock Forecast page.