Icon Energy Limited (ICN) AI Stock Analysis

• Market Cap: AU$4.61M
• Dividend Yield: N/A
• Average Volume (3M): 183.35K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.12
• Revenue Growth: N/A
• EPS Growth: 41.67%
• Country: AU
• Employees: 15
• Sector: Energy
• Sector Strength: 42
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): >-0.01
• Shares Outstanding: 868,013,700
• 10 Day Avg. Volume: 183,346
• 30 Day Avg. Volume: 183,346
• PEG Ratio: -0.16
• Price to Book (P/B): -1.14
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.65
• 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

• Rating: 17 Underperform
• Price Target: ―

Icon Energy Limited's stock is severely impacted by its dire financial performance, which is the most significant factor in this evaluation. The complete absence of revenue and profitability, coupled with negative equity and cash flow, raises serious concerns about the company's viability. Technical analysis shows no positive momentum, and valuation metrics indicate substantial financial distress. Overall, the stock's low score reflects these critical challenges.

Icon Energy Limited Business Overview & Revenue Model

Company Description

Icon Energy Limited (ICN) is an Australian energy company primarily engaged in the exploration, appraisal, and development of oil and gas assets. The company focuses on identifying and developing resources in key energy markets within Australia and internationally. Its core operations include the exploration and development of petroleum production licenses and permits, particularly in the Cooper-Eromanga and Surat Basins.

How the Company Makes Money

Icon Energy Limited generates revenue through its exploration and production activities in the oil and gas sector. The company earns money by developing and selling petroleum products extracted from its exploration sites. Key revenue streams include the sale of crude oil and natural gas to domestic and international markets. Additionally, Icon Energy may enter joint venture agreements and strategic partnerships to enhance its exploration and production capabilities, sharing costs and revenues with partners. The company's earnings are influenced by factors such as global oil and gas prices, production volume, and operational efficiency.

Icon Energy Limited Financial Statement Overview

Summary

Icon Energy Limited is facing severe financial difficulties across all key areas. The complete absence of revenue, coupled with negative profits and cash flows, highlights a critical need for strategic restructuring or turnaround. The balance sheet's negative equity and high liabilities further compound the company's challenges, making it vital for management to address these issues to avoid long-term insolvency.

Income Statement

Icon Energy Limited has consistently reported zero revenue over the past years, indicating severe operational challenges. Negative EBIT and net income figures further highlight the absence of profitability. The lack of revenue growth and persistent losses reflect significant financial distress.

Balance Sheet

The company shows a negative stockholders' equity position, indicating insolvency. The debt-to-equity ratio is not calculable due to negative equity, but liabilities exceed assets significantly, showcasing a weak financial standing. The equity ratio is negative, reinforcing concerns about financial stability.

Cash Flow

Negative operating and free cash flows indicate ongoing cash burn without revenue generation. The inability to generate positive cash flow from operations poses a significant risk to sustainability. Free cash flow shows no growth, emphasizing cash flow challenges.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	-117.00K	18.96K	-82.77K	-338.00K
EBITDA	-891.00K	-5.41M	-1.09M	-6.83M	-2.58M
Net Income	-1.16M	-5.54M	-1.47M	-6.92M	-2.95M
Balance Sheet
Total Assets	1.47M	2.41M	7.04M	6.47M	12.49M
Cash, Cash Equivalents and Short-Term Investments	448.75K	1.48M	1.85M	1.58M	5.54M
Total Debt	445.39K	393.46K	41.31K	123.47K	117.29K
Total Liabilities	5.58M	5.37M	5.26M	4.69M	3.80M
Stockholders Equity	-4.11M	-2.96M	1.78M	1.78M	8.70M
Cash Flow
Free Cash Flow	-1.05M	-1.50M	-1.10M	-3.89M	―
Operating Cash Flow	-1.05M	-1.50M	-1.10M	-3.89M	―
Investing Cash Flow	17.73K	0.00	-5.09K	-2.60K	―
Financing Cash Flow	0.00	1.14M	1.39M	-64.46K	―

Icon Energy Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Neutral
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ICN, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.01, indicating a bearish trend. The MACD of >-0.01 indicates Neutral momentum. The RSI at 100.00 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ICN.

Icon Energy Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ORG	76 Outperform	$20.10B	14.39	14.75%	5.12%	8.09%	-13.99%
STO	75 Outperform	$25.05B	13.57	7.94%	4.22%	-7.99%	-12.27%
BPT	58 Neutral	AU$3.09B	33.79	2.70%	4.43%	6.43%	―
CTP	45 Neutral	AU$40.24M	540.00	0.25%	―	-15.16%	-99.57%
Sector *	44 Neutral	AU$1.41B	-6.62	-23.02%	6.14%	5.33%	-26.92%
ICN	17 Underperform	AU$4.61M	―		―	―	41.67%

Icon Energy Limited Corporate Events

Icon Energy Advances Petroleum Lease and Secures Loan Amid ASX Suspension

Icon Energy Limited has received a Notice of Proposed Grant for a Petroleum Lease (PL-1144) in the Cooper Basin, which is expected to fulfill the criteria for Contingent Resource (3C) classification. The company also announced a variation to its Debt Conversion Placement Agreement, securing a $300,000 interest-free loan intended to be converted into shares, pending shareholder approval. Icon’s shares are currently suspended from the ASX, with plans to seek lifting of the suspension upon further progress in Native title negotiations and ASX approval.

Icon Energy Adjusts Debt Conversion Agreement with Strategic Loan

Icon Energy Limited has announced a variation to its Debt Conversion and Conditional Placement Agreement with Paradise Marine Pty Ltd. Instead of a share subscription, the investor will provide a $300,000 unsecured interest-free loan, which may be converted into shares depending on shareholder approval and trading conditions. This adjustment aims to provide financial flexibility and aligns with the company’s strategic financial management.

Icon Energy Limited Releases Interim Financial Report for H2 2024

Icon Energy Limited has released its interim financial report for the half-year ended 31 December 2024. The report includes various financial statements and declarations, providing insights into the company’s financial performance and position. This release is crucial for stakeholders as it offers a detailed view of the company’s financial health and operational efficiency during the period.

Icon Energy Advances in Petroleum Lease Application

Icon Energy Limited has announced the receipt of a proposed grant for a petroleum lease over the ATP 855 area, marking a significant step in their application process. This development initiates a ‘right to negotiate’ process under the Native Act 1993 involving the company, the State of Queensland, and native title parties, which could impact the company’s future operations and stakeholder interests.