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Kogi Iron Ltd.
(Sydney:M4M)
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Rating:41Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by very weak financial performance—minimal revenue, persistent large losses, and sharply worsening cash burn—despite low balance-sheet leverage. With insufficient technical data and a negative P/E alongside no dividend yield information, there is limited supporting evidence from momentum or valuation to offset the fundamental risks.
Positive Factors
Low leverage
Very low debt-to-equity (~0.03) materially reduces refinancing and interest-rate pressure over the medium term. This structural balance-sheet strength gives the company flexibility to prioritize operational fixes or equity funding rather than servicing material debt, improving solvency resilience.
Negative Factors
Severe cash burn
Operating and free cash flow deeply negative (≈-A$6.1m FCF ≈-A$6.2m) indicates persistent cash consumption that will exhaust resources absent new funding or rapid operational turnaround. This structural burn drives financing risk and likely dilutive capital raises over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low debt-to-equity (~0.03) materially reduces refinancing and interest-rate pressure over the medium term. This structural balance-sheet strength gives the company flexibility to prioritize operational fixes or equity funding rather than servicing material debt, improving solvency resilience.
Read all positive factors
Kogi Iron Ltd. (M4M) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$22.88M
Dividend YieldN/A
Average Volume (3M)4.98M
Price to Earnings (P/E)―
Beta (1Y)0.75
Revenue GrowthN/A
EPS Growth82.81%
CountryAU
Employees6
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding4,575,631,000
10 Day Avg. Volume5,556,253
30 Day Avg. Volume4,980,801
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)4.37
Price to Sales (P/S)701.29
P/FCF Ratio-4.44
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
Kogi Iron Ltd. Business Overview & Revenue Model
Company Description
Macro Metals Limited, along with its associated entities, is dedicated to the discovery and assessment of mineral deposits, primarily iron ore, across both Australia and Nigeria. The company possesses full ownership of the Agbaja iron ore and stee...
How the Company Makes Money
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Kogi Iron Ltd. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
46
Neutral
Cash Flow
12
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 252.75K | 39.30K | 0.00 | 0.00 | 0.00 | 10.00K |
| Gross Profit | -1.48M | 39.30K | -13.66K | -30.26K | -30.77K | 10.00K |
| EBITDA | -4.45M | -6.82M | -13.94M | -2.42M | -2.63M | -2.74M |
| Net Income | -9.12M | -6.89M | -13.95M | -2.46M | -3.15M | -2.74M |
Balance Sheet | ||||||
| Total Assets | 9.35M | 7.62M | 9.41M | 5.99M | 6.89M | 3.05M |
| Cash, Cash Equivalents and Short-Term Investments | 1.96M | 1.29M | 3.82M | 467.34K | 1.52M | 2.96M |
| Total Debt | 205.50K | 224.35K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 903.67K | 1.32M | 760.21K | 596.70K | 1.11M | 2.17M |
| Stockholders Equity | 8.44M | 6.30M | 8.65M | 5.40M | 5.78M | 884.58K |
Cash Flow | ||||||
| Free Cash Flow | -4.63M | -6.20M | -2.12M | -1.90M | -2.47M | -1.49M |
| Operating Cash Flow | -4.55M | -6.08M | -2.06M | -1.82M | -2.41M | -1.42M |
| Investing Cash Flow | -85.48K | -123.01K | -66.18K | -84.61K | -40.03K | -70.68K |
| Financing Cash Flow | 5.18M | 3.67M | 5.48M | 850.17K | 1.02M | 3.88M |
Kogi Iron Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | AU$156.24M | 3.35 | 4.27% | ― | -8.25% | -20.36% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | AU$10.08M | -0.12 | -111.00% | ― | ― | -1844.12% | |
52 Neutral | AU$401.35M | -12.97 | -7.08% | ― | -24.05% | 84.19% | |
42 Neutral | AU$20.37M | -2.91 | -77.53% | ― | ― | -200.55% | |
41 Neutral | AU$22.88M | -10.00 | -123.74% | ― | ― | 82.81% | |
26 Underperform | AU$6.34M | 3.23 | 67.39% | ― | ― | ― |
* Basic Materials Sector Average
AU:M4M
Kogi Iron Ltd.
0.01
0.00
0.00%
AU:GRR
Grange Resources Limited
0.14
-0.07
-34.15%
AU:IRD
Iron Road Ltd
0.02
-0.02
-50.00%
AU:MGX
Mount Gibson Iron Limited
0.35
-0.06
-13.75%
AU:PLG
Pearl Gull Iron Ltd
0.03
0.02
158.33%
AU:EQX
Equatorial Resources Limited
0.17
-0.02
-13.16%
Kogi Iron Ltd. Corporate Events
Macro Metals Releases Q4/FY26 Quarterly and Cash Flow Reports
Jul 31, 2026
Macro Metals Limited, an ASX-listed metals and mining company based in West Perth, Western Australia, provides investors with regular quarterly operational and cash flow disclosures. These updates support market transparency around the companyR...
Macro Metals Buys Yandi South Iron Ore Project, Expands Pilbara Footprint
Jul 13, 2026
Macro Metals has executed a binding agreement to acquire 100% of the Yandi South Project from Western Iron Ore, securing three granted exploration licences covering 56 square kilometres near BHP’s Yandi and Rio Tinto’s Yandicoogina ope...
Macro Metals Uncovers High-Grade Iron as Extension Approvals Advance
Jun 19, 2026
Macro Metals’ subsidiary Macro Mining Services has mapped previously unexplored ground north of the existing 16.1 million tonne Extension Iron Project resource, confirming high-grade iron ore with assays up to 62.1% iron. The new mineralisat...
Nyapiri Macro Wins First $12.5m BHP Work Package at Mt Goldsworthy
Jun 3, 2026
Macro Metals’ majority Indigenous-owned joint venture Nyapiri Macro Mining has secured its first work package under a framework agreement with BHP Iron Ore, marking a significant step in positioning the venture as a Tier-1 Indigenous mining ...
Macro Metals Details New Director Shawn Tilley’s Significant Equity Stake
May 8, 2026
Macro Metals Limited has appointed Shawn William Tilley as a director effective 8 May 2026, formalising his initial interests in the company’s securities. The move provides clarity on his equity exposure and aligns his position with the firm...
Macro Metals Reappoints Major Shareholder Shawn Tilley to Board
May 7, 2026
Macro Metals Limited has reappointed substantial shareholder Shawn Tilley as a non-executive director effective 8 May 2026, restoring board representation for its largest shareholder, Paramount Trading Pty Ltd. Tilley, who holds 8.85% of MacroR...
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.