GWR Group Limited (GWR) AI Stock Analysis

• Market Cap: AU$53.40M
• Dividend Yield: N/A
• Average Volume (3M): 296.46K
• Price to Earnings (P/E): 3.6
• Beta (1Y): 0.55
• 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)
• Action: Reiterated Date: 02/03/26
• Date: Action: Reiterated 02/03/26

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 / strong balance sheet

A persistently low-debt profile and rising equity provide a durable capital cushion and financial flexibility. Over 2–6 months this supports the firm's ability to fund operations, absorb shocks, and pursue opportunistic investment or restructuring without relying on volatile external financing.

Recent positive operating and free cash flow

A return to positive OCF and FCF in the most recent year signals improved cash generation capacity that can sustainably fund capex, working capital and reduce reliance on external capital. If maintained, this materially improves long-term reinvestment and shareholder optionality.

Lean operating footprint

A very small headcount implies a lean cost base and operational agility. Structurally, this lowers fixed labor overhead, enabling faster scaling or margin recovery if revenues normalize, and reduces the cash burden during cyclical downturns in the medium term.

Negative Factors

Revenue collapse and negative operating profit

A complete revenue drop and negative EBIT indicate core operations are not generating predictable top-line or operating earnings. This structural weakness undermines durable profitability, making future margin recovery dependent on fundamental operational turnaround rather than short-term fixes.

Inconsistent historical cash generation

Repeated multi-year negative OCF/FCF creates structural funding risk: it limits reinvestment, forces reliance on balance sheet reserves or external financing, and raises the chance that cash shortfalls will constrain growth or necessitate asset sales if the positive cash result is not sustained.

Earnings driven by non-operating items

Earnings not supported by core operating performance indicate low earnings quality. Reliance on one-off or non-operational gains reduces predictability of future profits and increases the risk that reported net income will revert, impairing long-term return metrics and planning reliability.

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

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 0.16, below the 50-day MA of 0.14, and above the 200-day MA of 0.11, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.22 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, 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	3.68	3.77%	―	―	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GWR	61 Neutral	AU$53.40M	3.58	19.09%	―	―	―
M4M	41 Neutral	AU$27.45M	-4.00	-92.18%	―	―	66.67%
EQX	28 Underperform	AU$25.63M	-4.64	-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.