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Kogi Iron Ltd. (AU:M4M)
ASX:M4M
Australian Market

Kogi Iron Ltd. (M4M) AI Stock Analysis

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AU

Kogi Iron Ltd.

(Sydney:M4M)

Rating:34Underperform
Price Target:
Kogi Iron Ltd. scores low due to significant financial challenges, including a lack of revenue and operational inefficiencies. The technical indicators suggest bearish momentum, while the valuation remains unattractive with a negative P/E ratio. The company's strong equity position is a minor positive, but the overall outlook is concerning due to financial instability and weak market performance.

Kogi Iron Ltd. (M4M) vs. iShares MSCI Australia ETF (EWA)

Kogi Iron Ltd. Business Overview & Revenue Model

Company DescriptionMacro Metals Limited, through its subsidiaries, engages in the exploration and evaluation of iron ore and other mineral properties in Australia and Nigeria. The company holds a 100% interest in the Agbaja iron ore and steel project located in Kogi State in the Republic of Nigeria; and interest in the Mogul VMS project located in Western Australia. It also owns a portfolio of 8 iron ore projects in the Pilbara and Mid West regions of Western Australia. The company was formerly known as Kogi Iron Limited and changed its name to Macro Metals Limited in December 2022. Macro Metals Limited was incorporated in 1980 and is based in Peppermint Grove, Australia.
How the Company Makes MoneyKogi Iron Ltd. makes money by exploring and developing iron ore resources through its Agbaja project, which is intended to produce a high-quality iron ore concentrate. The company plans to generate revenue by extracting iron ore from its mineral deposits and selling the mined resources to local and international steel producers. A significant factor contributing to its earnings potential is the strategic location of the Agbaja project, which is in proximity to key infrastructure, including the Niger River and existing road networks, facilitating the transportation of mined products. Additionally, the company seeks to enter into partnerships and joint ventures with local and international entities to enhance project development and access to markets, thereby optimizing its revenue streams.

Kogi Iron Ltd. Financial Statement Overview

Summary
Kogi Iron Ltd. faces significant financial challenges, primarily due to its inability to generate revenue and consistent operational losses. While the company maintains a strong equity position and minimal debt, its lack of cash flow from operations and reliance on external financing pose substantial risks to its financial health.
Income Statement
10
Very Negative
Kogi Iron Ltd. has consistently reported zero revenue over the past periods, indicating a lack of operational performance. The company shows negative EBIT and EBITDA, highlighting operational inefficiencies. The consistent net losses further signal a challenging financial situation for the company.
Balance Sheet
40
Negative
Kogi Iron Ltd. maintains a strong equity position with an Equity Ratio of over 80%, indicating that most of its assets are financed by shareholders' equity rather than debt. However, the company has limited cash reserves and an insignificant amount of debt, which may limit its growth opportunities.
Cash Flow
20
Very Negative
The company lacks positive operating cash flow, which raises concerns about its ability to sustain operations without external financing. The absence of free cash flow growth further indicates that the company is not generating sufficient cash from its operations.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue0.000.000.000.0010.00
Gross Profit0.00-13.66K-30.26K-30.77K-4.47K
EBITDA-6.69M-13.94M-2.42M-2.63M-1.83M-2.69M
Net Income-13.95M-2.46M-3.15M-2.74M-3.10M
Balance Sheet
Total Assets7.42M9.41M5.99M6.89M3.05M1.64M
Cash, Cash Equivalents and Short-Term Investments1.43M3.82M467.34K1.52M2.96M573.29K
Total Debt106.02K0.000.000.000.000.00
Total Liabilities1.26M760.21K596.70K1.11M2.17M254.55K
Stockholders Equity6.16M8.65M5.40M5.78M884.58K1.39M
Cash Flow
Free Cash Flow-2.12M-1.90M-2.47M-1.49M-2.34M
Operating Cash Flow-1.82M-2.41M-1.42M-2.34M
Investing Cash Flow-66.18K-84.61K-40.03K-70.68K-7.84K
Financing Cash Flow5.48M850.17K1.02M3.88M1.49M

Kogi Iron Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.01
Price Trends
50DMA
0.01
Neutral
100DMA
0.01
Negative
200DMA
0.02
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
43.01
Neutral
STOCH
20.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:M4M, the sentiment is Negative. The current price of 0.01 is above the 20-day moving average (MA) of <0.01, equal to the 50-day MA of 0.01, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 43.01 is Neutral, neither overbought nor oversold. The STOCH value of 20.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:M4M.

Kogi Iron Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
$9.95B9.44-0.15%2.99%1.92%-35.27%
AUM4M
34
Underperform
AU$35.81M-277.03%-540.00%
$177.20M-33.63%
TSCIA
C$2.05B13.8610.03%5.24%
$215.97M65.86-35.86%
DE4ER
€109.59M12.718.27%
AUBKT
32
Underperform
AU$35.34M-18.38%10.42%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:M4M
Kogi Iron Ltd.
0.01
-0.03
-75.00%
SYAAF
Syrah Resources
0.17
-0.06
-26.09%
TSE:CIA
Champion Iron
3.80
-1.83
-32.50%
MTGRF
Mount Gibson Iron Limited
0.21
-0.06
-22.22%
DE:4ER
Fenix Resources Limited
0.15
<0.01
7.14%
AU:BKT
Black Rock Mining Limited
0.02
-0.04
-66.67%

Kogi Iron Ltd. Corporate Events

Macro Metals Limited Announces Cessation of Securities
Apr 22, 2025

Macro Metals Limited has announced the cessation of 15 million securities due to the expiry of options or other convertible securities without exercise or conversion as of April 21, 2025. This development may impact the company’s capital structure and could influence investor perceptions and future financial strategies.

Macro Metals Limited Announces Quotation of New Securities
Apr 22, 2025

Macro Metals Limited has announced the application for the quotation of 20,000,000 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of the company’s efforts to enhance its market presence and provide liquidity to its stakeholders, potentially impacting its operational capacity and investor relations positively.

Macro Metals Secures Life-of-Mine Contract for Extension Iron Ore Project
Apr 22, 2025

Macro Metals Limited has announced that its subsidiary, Macro Mining Services Pty Ltd, has been awarded a comprehensive mining services contract for the Extension Iron Ore Project in the East Pilbara Region of Western Australia. This contract, which spans the life of the mine, includes providing technical services, mine site establishment, and operations in collaboration with RE:GROUP Pty Ltd. The project is strategically located near major iron ore operations and is expected to generate immediate cash flow for Macro, enhancing its market position and operational capabilities.

Macro Metals Limited Announces Change of Address
Apr 10, 2025

Macro Metals Limited has announced a change in its registered office and principal place of business to a new address in West Perth, WA, while its securities registry has moved to a new location in Sydney, NSW. This relocation is part of the company’s ongoing efforts to streamline operations and enhance its business infrastructure, potentially impacting its operational efficiency and stakeholder engagement.

Macro Metals Limited Announces Quotation of New Securities on ASX
Mar 27, 2025

Macro Metals Limited has announced the application for quotation of 20,055,039 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code M4M. This move is part of the company’s strategy to enhance its market presence and liquidity, potentially impacting its operations and positioning within the industry.

Kogi Iron Ltd. Releases Interim Financial Report for 2024
Mar 13, 2025

Kogi Iron Ltd. has released its interim report for the half-year ended December 31, 2024. The report includes various financial statements such as the consolidated statement of profit or loss, financial position, changes in equity, and cash flows. This release provides stakeholders with insights into the company’s financial health and operational performance over the past six months, which could impact investor confidence and market positioning.

Macro Metals Appoints New CFO to Strengthen Leadership
Feb 12, 2025

Macro Metals Limited has appointed Ms. Lisa Wynne as the new Chief Financial Officer and Company Secretary, replacing Mr. Mathew O’Hara. Ms. Wynne brings over 19 years of experience in finance and the mining sector, indicating a strategic move for Macro Metals to strengthen its leadership and drive financial performance.

Macro Metals Limited Bolsters Operations with Second Indigenous Joint Venture
Feb 11, 2025

Macro Metals Limited has announced the formation of its second Indigenous Joint Venture, highlighting its commitment to collaborative growth and sustainable development. This strategic move, along with previous ventures and project updates, positions the company to strengthen its logistical and operational framework in the mining sector, potentially impacting stakeholders positively by enhancing resource management and exploration efforts.

Kogi Iron Director Increases Stake through Strategic Placement
Feb 10, 2025

Kogi Iron Ltd. has disclosed a change in the director’s interest, specifically involving Shawn Tilley. The announcement highlights that Mr. Tilley, through the Tilley Share Holdings Trust, has acquired an additional 100,641,859 fully paid ordinary shares as part of the strategic placement. This acquisition increases his indirect holdings significantly, potentially strengthening his influence within the company. The change in holdings underscores ongoing strategic activities within the company and may signal confidence in its future prospects.

Macro Metals Limited Announces Quotation of New Securities on ASX
Feb 7, 2025

Macro Metals Limited has announced the quotation of 100,641,859 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code M4M. This issuance is part of a transaction previously disclosed in an earlier Appendix 3B. The announcement marks a significant move for Macro Metals Limited, potentially enhancing its liquidity and market presence. Stakeholders might anticipate increased trading activity and potentially a shift in the company’s market valuation.

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: Apr 22, 2025