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Elanor Investors Group (AU:KYN)
ASX:KYN
Australian Market
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Elanor Investors Group (KYN) AI Stock Analysis

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AU:KYN

Elanor Investors Group

(Sydney:KYN)

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Underperform 39 (OpenAI - 5.2)
Rating:39Underperform
Price Target:
Action:Downgraded
Date:07/04/26
The score is driven down primarily by weak financial performance (recurring losses, very high leverage, and negative recent operating cash flow) and a strongly bearish technical setup (price well below key moving averages, negative MACD, and very low RSI). Valuation provides limited offset because the negative P/E reflects ongoing losses and no dividend yield data is available.
Positive Factors
Fee-based & Co-investment Model
Elanor’s core model combines recurring management fees with balance-sheet co-investment, aligning manager and investor incentives. This dual revenue mix can provide steadier fee income when AUM is stable and upside from owned assets, supporting durable cash flow potential over months.
Negative Factors
Extreme Leverage
Very high leverage and a thin or previously negative equity base materially increase refinancing and valuation risk. Debt burden limits financial flexibility, raises interest sensitivity, and can force asset sales or equity raises that dilute or reset returns over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Fee-based & Co-investment Model
Elanor’s core model combines recurring management fees with balance-sheet co-investment, aligning manager and investor incentives. This dual revenue mix can provide steadier fee income when AUM is stable and upside from owned assets, supporting durable cash flow potential over months.
Read all positive factors

Elanor Investors Group (KYN) vs. iShares MSCI Australia ETF (EWA)

Elanor Investors Group Business Overview & Revenue Model

Company Description
Kyron Capital Group engages in the provision of investment and funds management services. It operates through the following segments: Funds Management, Hotels, Tourism, and Leisure, Retail, Commercial Office, and Healthcare. The Funds Management s...
How the Company Makes Money
Elanor Investors Group makes money primarily through (1) funds/asset management income and (2) investment income from its own balance-sheet interests in real estate and real estate-related vehicles. Management income is typically earned for managi...

Elanor Investors Group Financial Statement Overview

Summary
Financials are pressured: profitability deteriorated into operating losses in 2025 and net income has been consistently negative since 2023. The balance sheet is the biggest risk with extremely high leverage (debt-to-equity ~11x in 2025) and previously negative equity in 2024, while cash flows have weakened with negative operating cash flow in 2024–2025 and volatile free cash flow.
Income Statement
33
Negative
Balance Sheet
18
Very Negative
Cash Flow
21
Negative
BreakdownTTMJun 2025Jun 2025Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue139.30M155.17M156.95M152.34M102.77M90.94M
Gross Profit72.64M79.78M84.21M88.85M69.50M61.39M
EBITDA12.87M2.51M21.11M24.86M14.97M25.66M
Net Income-29.68M-40.19M-51.37M-16.98M966.00K9.04M
Balance Sheet
Total Assets394.43M554.99M673.46M779.92M714.15M544.13M
Cash, Cash Equivalents and Short-Term Investments13.37M12.99M17.59M29.36M29.96M20.77M
Total Debt190.79M351.72M419.28M384.46M341.25M269.83M
Total Liabilities260.29M395.89M469.06M427.60M372.90M300.15M
Stockholders Equity16.87M31.17M-6.07M143.61M163.70M174.11M
Cash Flow
Free Cash Flow1.02M0.00-38.22M-54.79M-18.35M14.12M
Operating Cash Flow4.12M-8.67M-7.51M17.93M3.62M19.75M
Investing Cash Flow152.14M73.16M-37.63M-61.81M-17.73M8.98M
Financing Cash Flow-157.25M-69.09M37.46M41.37M21.12M-31.51M

Elanor Investors Group Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
AU$56.27M9.9535.99%10.06%-11.68%-19.96%
69
Neutral
AU$96.07M11.357.48%7.94%-55.60%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
63
Neutral
AU$573.08M43.622.07%4.06%45.10%44.28%
53
Neutral
AU$212.95M22.022.44%10.34%-1.79%
39
Underperform
AU$6.41M-0.27-123.58%-11.37%77.98%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:KYN
Elanor Investors Group
0.05
-0.77
-93.54%
AU:MAM
Microequities Asset Management Group Ltd.
0.44
-0.11
-19.89%
AU:CAM
Clime Capital Limited
0.69
0.03
4.42%
AU:REP
RAM Essential Services Property Fund
0.42
-0.13
-24.05%
AU:MRE
Metrics Real Estate Multi-Strategy Fund
1.81
-0.10
-5.10%
AU:MIR
Mirrabooka Investments Ltd
2.55
-0.61
-19.18%
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.Date of analysis: Jul 04, 2026