Jade Gas Holdings Limited (AU:JGH)
ASX:JGH
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Jade Gas Holdings Limited
(Sydney:JGH)
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Rating:40Underperform
Price Target:
AU$0.03
▼(-16.67% Downside)
Action:N/ADate:01/04/26
The score is primarily constrained by weak financial performance (pre-revenue, widening losses, and ongoing negative free cash flow) despite some balance-sheet support from equity. Technical indicators add a modestly negative bias (below key long-term moving averages with negative MACD), while valuation metrics provide limited support given negative earnings and no dividend yield data.
Positive Factors
Solid equity buffer
A meaningful equity base and moderate leverage provide a multi-month runway to fund exploration and appraisal activity without immediate reliance on high-cost refinancing. This capital cushion supports project progression and strategic optionality while the business remains pre-revenue.
Negative Factors
Pre-revenue and widening losses
Persistent pre-revenue status and increasing net losses reflect that assets have not converted to cash-generating operations. This trend necessitates continued external funding, constrains reinvestment capacity, and increases the risk of dilution or slowed project timelines if financing conditions tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Solid equity buffer
A meaningful equity base and moderate leverage provide a multi-month runway to fund exploration and appraisal activity without immediate reliance on high-cost refinancing. This capital cushion supports project progression and strategic optionality while the business remains pre-revenue.
Read all positive factors
Jade Gas Holdings Limited (JGH) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$80.92M
Dividend YieldN/A
Average Volume (3M)474.63K
Price to Earnings (P/E)―
Beta (1Y)-0.22
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees4
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,839,177,000
10 Day Avg. Volume619,528
30 Day Avg. Volume474,628
Financial Highlights & Ratios
PEG Ratio-0.50
Price to Book (P/B)2.63
Price to Sales (P/S)0.00
P/FCF Ratio-5.75
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
Jade Gas Holdings Limited Business Overview & Revenue Model
Company Description
Jade Gas Holdings Limited engages in the exploration and appraisal of coal bed methane projects in Mongolia. Its flagship property is the Tavantolgoi coal bed methane project covering approximately 665 square kilometers located in the South Gobi r...
How the Company Makes Money
JGH’s intended revenue model is to generate income from the commercial production and sale of natural gas (including coal seam gas) from its Mongolian acreage, typically by supplying gas into domestic or regional end-markets via sales contracts. I...
Jade Gas Holdings Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
46
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 25.74K | 0.00 | 1.83K |
| Gross Profit | -151.60K | -159.00K | -150.00K | 25.74K | -70.69K | -66.35K |
| EBITDA | -4.72M | -5.18M | -4.43M | -3.83M | -5.98M | -822.31K |
| Net Income | -6.96M | -5.62M | -4.40M | -3.71M | -5.89M | -679.84K |
Balance Sheet | ||||||
| Total Assets | 29.45M | 30.36M | 23.07M | 13.53M | 8.87M | 2.16M |
| Cash, Cash Equivalents and Short-Term Investments | 92.53K | 1.60M | 2.13M | 3.24M | 4.37M | 162.14K |
| Total Debt | 10.43M | 8.10M | 1.83M | 497.94K | 670.77K | 89.14K |
| Total Liabilities | 12.28M | 8.91M | 3.94M | 922.56K | 1.09M | 251.80K |
| Stockholders Equity | 18.17M | 22.36M | 19.86M | 13.03M | 7.91M | 16.16K |
Cash Flow | ||||||
| Free Cash Flow | -1.54M | -10.21M | -13.09M | -10.31M | -3.88M | -1.46M |
| Operating Cash Flow | -1.52M | -3.06M | -3.18M | -3.47M | -2.10M | -903.14K |
| Investing Cash Flow | -7.56M | -7.07M | -9.88M | -6.73M | -1.77M | 198.50K |
| Financing Cash Flow | 9.31M | 9.44M | 11.97M | 8.94M | 8.05M | 556.17K |
Jade Gas Holdings Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | AU$63.23M | -6.85 | 11.28% | ― | 17.42% | -38.46% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
50 Neutral | AU$10.84M | -35.25 | -6.39% | ― | -7.30% | ― | |
44 Neutral | AU$26.68M | -8.36 | -17.42% | ― | ― | ― | |
44 Neutral | AU$41.94M | -29.16 | -15.00% | ― | ― | 40.00% | |
40 Underperform | AU$80.92M | -9.62 | -27.16% | ― | ― | ― |
* Energy Sector Average
AU:JGH
Jade Gas Holdings Limited
0.04
0.01
33.33%
DE:NUB
NuEnergy Gas Limited
0.02
<0.01
80.00%
AU:HYT
Triple Energy Limited
0.02
-0.01
-42.86%
AU:ROG
Red Sky Energy Limited
―
―
―
AU:CTP
Central Petroleum Limited
0.08
0.02
27.27%
AU:TDO
3D Oil Limited
0.08
-0.02
-17.53%
Jade Gas Holdings Limited Corporate Events
Jade Gas Marks Major Milestone as Mongolian Gas Appraisal Program Concludes
Mar 1, 2026
Jade Gas Holdings has completed the appraisal program for its TTCBM Project in Mongolia’s South Gobi region, submitting an appraisal report for the Red Lake gas field that confirms a significant gas resource and the technical and commercial ...
Jade Gas Lifts Output as Red Lake Appraisal Nears Completion in Mongolia
Feb 2, 2026
Jade Gas Holdings reported that uninterrupted gas production from its two horizontal wells at the Red Lake Gas Field in Mongolia drove a 22% month-on-month increase in January gas output to 48,589m³, with cumulative production now exceeding 2...
Jade Gas Advances Red Lake Output and Development Funding
Jan 29, 2026
Quarterly operations at the Red Lake field saw two wells deliver continuous flow with methane purity above 97%, higher production volumes, and upgraded power redundancy, underscoring momentum toward on-site gas-fired generation and displacement of...
Jade Gas Restores Output at Red Lake as It Prepares Shift From Diesel to Site-Produced Gas
Jan 4, 2026
Jade Gas Holdings reported that December gas production at its Red Lake Gas Field in Mongolia was temporarily reduced due to an unplanned shutdown on the Hz-01 well during a generator maintenance switch-over, prompting engineers to lower flow rate...
Jade Gas Holdings Announces Cessation of 16 Million Performance Rights
Dec 17, 2025
Jade Gas Holdings Limited has announced the cessation of 16,000,000 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This cessation may impact the company’s cap...
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.