Noble Helium Ltd. (AU:NHE)
ASX:NHE
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Noble Helium Ltd.
(Sydney:NHE)
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Select Model
Rating:49Neutral
Price Target:
AU$0.05
▲(22.50% Upside)
Action:ReiteratedDate:04/01/26
The score is held down primarily by weak financial performance—persistent losses, inconsistent revenue, and ongoing negative free cash flow—despite a comparatively modest leverage profile. Technicals are supportive with strong momentum and price above key moving averages, but overbought signals add near-term risk. Valuation provides limited support due to negative earnings and no dividend yield.
Positive Factors
Multiple monetization pathways
Noble Helium’s business model explicitly supports several durable value-creation routes—direct production sales, farm-outs/JVs, asset or licence transactions and potential offtake/financing. This flexibility lets the company de-risk projects via partners, access non-dilutive funding or realize value before production, supporting long-term project progression even if timelines slip.
Negative Factors
Persistent losses and large negative margins
Sustained operating losses and very negative margins are structurally constraining: they erode equity (reflected in negative ROE), prevent self-funding of development, and require ongoing external capital. Until commercial production or a major transaction occurs, persistent losses raise dilution risk and limit strategic optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Multiple monetization pathways
Noble Helium’s business model explicitly supports several durable value-creation routes—direct production sales, farm-outs/JVs, asset or licence transactions and potential offtake/financing. This flexibility lets the company de-risk projects via partners, access non-dilutive funding or realize value before production, supporting long-term project progression even if timelines slip.
Read all positive factors
Noble Helium Ltd. (NHE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$29.38M
Dividend YieldN/A
Average Volume (3M)222.85K
Price to Earnings (P/E)―
Beta (1Y)1.14
Revenue GrowthN/A
EPS Growth-41.67%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding599,525,000
10 Day Avg. Volume114,646
30 Day Avg. Volume222,854
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.28
Price to Sales (P/S)482.80
P/FCF Ratio-1.70
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
Noble Helium Ltd. Business Overview & Revenue Model
Company Description
Noble Helium Limited engages in the exploration of helium projects in Tanzania. The company holds 100% interests in the North Rukwa Basin project with 12 granted prospecting licenses covering a combined area of approximately 1,467 square kilometer...
How the Company Makes Money
Noble Helium’s business model is typical of an upstream exploration and development company: it seeks to create value by discovering and de-risking helium resources and then monetizing them through development, production, and/or transactions. Rev...
Noble Helium Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
21
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.79K | 21.80K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -58.12K | 21.80K | -233.18K | -72.91K | -77.64K | 0.00 |
| EBITDA | -1.60M | -4.60M | -4.13M | -2.37M | -2.65M | -40.43K |
| Net Income | -7.11M | -10.97M | -5.06M | -2.44M | -2.75M | -165.42K |
Balance Sheet | ||||||
| Total Assets | 51.01M | 48.89M | 51.16M | 22.26M | 10.72M | 308.50K |
| Cash, Cash Equivalents and Short-Term Investments | 22.20K | 37.09K | 2.26M | 4.04M | 8.46M | 13.15K |
| Total Debt | 7.15M | 5.44M | 4.75M | 0.00 | 0.00 | 20.11K |
| Total Liabilities | 12.68M | 11.07M | 6.39M | 1.23M | 198.72K | 27.03K |
| Stockholders Equity | 38.33M | 37.82M | 44.78M | 21.03M | 10.52M | 281.47K |
Cash Flow | ||||||
| Free Cash Flow | -2.50M | -6.20M | -37.13M | -17.36M | -3.08M | -184.60K |
| Operating Cash Flow | -2.03M | -2.29M | -4.04M | -3.34M | -1.44M | -124.01K |
| Investing Cash Flow | -883.55K | -3.91M | -32.62M | -14.02M | -1.64M | -60.60K |
| Financing Cash Flow | 1.34M | 3.98M | 35.01M | 12.92M | 11.58M | 0.00 |
Noble Helium Ltd. Technical Analysis
Positive
0.04
Price Trends
0.03
Positive
0.03
Positive
0.04
Positive
Market Momentum
<0.01
Negative
77.49
Negative
84.44
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NHE, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 77.49 is Negative, neither overbought nor oversold. The STOCH value of 84.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:NHE.
Noble Helium Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$39.87M | -2.92 | -82.31% | ― | 7.08% | 33.70% | |
50 Neutral | AU$38.02M | -10.44 | -6.05% | ― | -5.37% | -140.00% | |
49 Neutral | AU$29.38M | -3.14 | -18.68% | ― | ― | -41.67% | |
49 Neutral | AU$23.04M | -2.95 | -97.12% | ― | ― | 52.66% | |
43 Neutral | AU$25.64M | -1.69 | 483.00% | ― | 340.27% | 19.44% | |
42 Neutral | AU$4.31M | -3.58 | -145.98% | ― | ― | ― |
* Basic Materials Sector Average
AU:NHE
Noble Helium Ltd.
0.05
0.03
172.22%
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Noble Helium Ltd. Corporate Events
Noble Helium Shares Halted Ahead of Price Query Response and Capital Raising
Mar 31, 2026
Noble Helium has requested and been granted a trading halt on its securities by the ASX, with the pause to remain in place until no later than the start of trading on 2 April 2026. The company said the halt is linked to an upcoming announcement ad...
Noble Helium Releases Interim Financial Report for Half Year to 31 December 2025
Mar 16, 2026
Noble Helium Limited has released its interim financial report for the half year ended 31 December 2025, outlining its financial position, cash flows, and changes in equity. The report, supported by an independent auditor’s review, provides ...
Noble Helium Secures A$300,000 Insider Loan to Fund Working Capital
Mar 2, 2026
Noble Helium has secured an additional A$300,000 in short-term unsecured funding from its own board members, with Executive Chair Dennis Donald providing A$200,000 and director Jamie Clarke A$100,000, to support the company’s current working...
Noble Helium Options Lapse, Simplifying Capital Structure
Feb 9, 2026
Noble Helium Limited has announced that 117,429,319 quoted options, each exercisable at $0.20 to acquire an ordinary share under ASX code NHEOA, expired unexercised at 5:00 PM AWST on 30 January 2026. The expiry of these options removes a sizeable...
Noble Helium Issues 7.4 Million Unquoted Options Under Existing Capital Arrangements
Feb 5, 2026
Noble Helium Limited has notified the market of the issue of 7,446,810 unquoted options with an exercise price of A$0.06, designated as NHEAR, effective 4 February 2025. These options form part of previously announced transactions and are not inte...
Noble Helium Charts Leadership-Driven Turnaround in Tanzania
Feb 4, 2026
The company outlined its strategic turnaround since early 2025, highlighting board changes, shareholder communications, challenge identification, and the appointment of Dennis Donald as chairman, culminating in the resolution of a key operational ...
Noble Helium Plans Issue of 7.4 Million Unquoted Options
Feb 3, 2026
Noble Helium Ltd has lodged an Appendix 3B with the ASX detailing a proposed issue of unquoted options as part of a placement or similar capital-raising structure. The company plans to issue up to 7,446,810 unquoted options, exercisable at $0.06 o...
Noble Helium Schedules Investor Webinar to Outline Q2 Progress and North Rukwa Plans
Jan 30, 2026
Noble Helium will host an investor webinar on 4 February 2026 to discuss its Q2 FY26 activities, with Executive Chairman Dennis Donald and Executive Director and Co-Founder Justyn Wood presenting updates on key corporate and operational developmen...
Noble Helium Clears Debt Hurdles and Finalises Plans for 2026 Drilling in Tanzania
Jan 29, 2026
Noble Helium reported that during the December 2025 quarter it completed planning for its drilling campaign on the western margin of the North Rukwa project in Tanzania and cleared significant financial hurdles that had constrained progress. The c...
Noble Helium Secures Additional A$250,000 Director Loan to Support Working Capital
Jan 15, 2026
Noble Helium has secured an additional A$250,000 in short-term funding from its Executive Chair, Dennis Donald, under an unsecured loan agreement dated 15 January 2026, with the full amount immediately drawn to support working capital needs. The l...
Noble Helium Restructures VAT Loan and Raises $2.15m via Convertible Note
Jan 14, 2026
Noble Helium has restructured a $4.35 million VAT shortfall loan originally used to bridge delayed Tanzanian tax refunds, partially repaying and extending the remaining facilities to 30 June 2027 while reducing interest for several lenders and gra...
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
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