Cape Range Ltd. (PFM) AI Stock Analysis

• Market Cap: AU$3.32M
• Dividend Yield: N/A
• Average Volume (3M): 4.79K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.67
• Revenue Growth: 36.72%
• EPS Growth: 20.00%
• Country: AU
• Employees: N/A
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): >-0.01
• Shares Outstanding: 94,908,300
• 10 Day Avg. Volume: 2,272
• 30 Day Avg. Volume: 4,787
• PEG Ratio: 0.89
• Price to Book (P/B): 8.32
• Price to Sales (P/S): 13.73
• P/FCF Ratio: -57.86
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: AU$0.03 ▲(70.00% Upside)
• Action: Reiterated Date: 01/23/26
• Date: Action: Reiterated 01/23/26

The score is driven primarily by weak financial performance (declining revenue, ongoing losses, and negative operating/free cash flow), partially offset by a relatively strong balance sheet with low leverage. Technicals show short-term strength but are undermined by a negative MACD and overbought RSI, while valuation is constrained by a negative P/E due to unprofitability.

Positive Factors

Strong balance sheet / low leverage

Low leverage and a high equity ratio provide durable financial flexibility: they reduce refinancing risk, support ongoing project funding or joint ventures, and allow management to pursue development or M&A without immediate heavy reliance on external debt.

Exposure to critical minerals and diversified model

Structural exposure to rare earths and critical minerals aligns the company with long-term secular demand from tech and clean-energy supply chains. Combined with diversification into agriculture and renewables, this reduces single-market dependence and supports multi-channel revenue opportunities.

Relatively high gross profit margin

A relatively strong gross margin indicates operational efficiency at the production level. This margin cushion can help absorb volume declines and provides a foundation to restore operating profitability if revenue stabilizes or growth resumes.

Negative Factors

Declining revenue trend

Persistent revenue decline erodes scale economics and limits the company's ability to cover fixed costs, invest in projects, or capitalize on its margin strengths. Without a clear revenue recovery, long-term returns and project paybacks become harder to achieve.

Consistently negative operating and free cash flow

Ongoing negative operating and free cash flow create structural funding needs, forcing reliance on equity issuance, asset sales, or external financing. This reduces strategic optionality and can delay or constrain capital deployment into core projects.

Negative profitability and shrinking equity

Sustained losses and falling shareholder equity erode the firm's buffer against shocks and limit internal funding for development. Even with low leverage, shrinking equity weakens the balance sheet and may hamper long-term capacity to finance growth organically.

Cape Range Ltd. Business Overview & Revenue Model

Company Description

Platformo Ltd, together with its subsidiaries, develops and distributes enterprise management software in Malaysia. The company offers accounting and business management software for retail, trading, logistics, healthcare, e-commerce, manufacturing, financial sectors, and higher education industries. It also provides training services; and maintenance and services for the software program, as well as implementation services. In addition, the company is involved in hardware and networking businesses. The company was formerly known as Cape Range Limited and changed its name to Platformo Ltd in June 2025. The company is based in Sydney, Australia.

How the Company Makes Money

Cape Range Ltd. generates revenue through multiple streams. The primary source of income comes from the extraction and sale of minerals, particularly rare earth elements, which are in high demand for various industrial applications. Additionally, the company may earn revenue from agricultural products and services, capitalizing on sustainable farming practices. Partnerships with other mining companies and stakeholders in the energy sector enhance its revenue potential by providing access to shared resources and technology. Furthermore, the company may engage in joint ventures or agreements with local and international firms to expand its operational capacity and market reach, contributing to its overall earnings.

Cape Range Ltd. Financial Statement Overview

Summary

Revenue has been declining and the company is posting negative EBIT and net income. While leverage is low and the equity ratio is strong, consistently negative operating/free cash flow and shrinking equity trend materially weaken financial quality.

Income Statement

Cape Range Ltd. has shown a declining revenue trend over the past few years, with a significant drop from 2019 to 2020 and continued decreases thereafter. The gross profit margin remains relatively high, indicating efficient cost management relative to revenue. However, the company is struggling with negative EBIT and net income, reflecting operational inefficiencies and challenges in achieving profitability.

Balance Sheet

The company maintains a strong equity position with a high equity ratio, suggesting financial stability. The debt-to-equity ratio is low, indicating low leverage and reduced financial risk. However, the declining stockholders' equity over recent years is a concern, reflecting potential challenges in maintaining asset value and financial health.

Cash Flow

Cape Range Ltd. faces challenges in generating positive cash flows, with consistently negative operating and free cash flows. The free cash flow growth rate is negative, indicating difficulties in generating cash from operations. The company needs to improve its cash flow management to support sustainable growth.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	760.35K	601.88K	552.05K	532.78K	702.94K
Gross Profit	669.12K	547.18K	520.36K	515.30K	693.35K
EBITDA	-361.91K	-540.30K	-623.33K	-828.99K	-1.25M
Net Income	-386.23K	-563.93K	-540.18K	-959.27K	-1.14M
Balance Sheet
Total Assets	1.78M	2.13M	2.68M	3.24M	4.22M
Cash, Cash Equivalents and Short-Term Investments	1.52M	1.90M	2.35M	2.95M	3.54M
Total Debt	26.21K	12.72K	61.70K	79.24K	119.73K
Total Liabilities	524.76K	409.60K	398.25K	408.96K	458.33K
Stockholders Equity	1.26M	1.72M	2.28M	2.83M	3.76M
Cash Flow
Free Cash Flow	-180.44K	-396.84K	-367.44K	-564.87K	-405.66K
Operating Cash Flow	-177.29K	-396.18K	-365.71K	-358.15K	-203.84K
Investing Cash Flow	-182.55K	-376.00	-187.57K	-206.72K	-201.81K
Financing Cash Flow	-18.68K	-48.98K	-47.39K	-40.49K	-52.08K

Cape Range Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PFM, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.03, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 93.58 is Negative, neither overbought nor oversold. The STOCH value of 44.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PFM.

Cape Range Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
JCS	47 Neutral	AU$14.80M	3.78	-34.92%	―	-10.95%	65.52%
PFM	46 Neutral	AU$3.32M	-7.95	-29.77%	―	36.72%	20.00%
1CG	46 Neutral	AU$11.77M	-16.86	-166.26%	―	24.43%	40.63%
CF1	44 Neutral	AU$12.51M	-2.76	-42.66%	―	31.31%	75.00%
HTG	38 Underperform	AU$13.22M	-1.10	―	―	-5.80%	54.70%

Cape Range Ltd. Corporate Events

Platformo’s Biztrak Returns to Positive Cash Flow as Digital and Training Initiatives Gain Traction

Platformo reported that Biztrak returned to positive cash flow and profitability in the December 2025 quarter, with revenue rising quarter-on-quarter to RM513,000 (AUD188,000) and cash collections more than doubling to RM754,000 (AUD277,000), although both metrics remained below the prior-year December quarter. At the group level, net cash outflow narrowed to AUD69,000, leaving cash and equivalents of AUD1.089 million at year-end, as the board maintained tight cost control while pursuing value-adding opportunities. Operationally, Biztrak continued to build market momentum through e-invoicing training for Malaysian SMEs despite a government decision to exempt the smallest businesses from the mandate, joined MATRADE’s AI-driven Madani Digital Trade platform to expand export-oriented digital reach, followed up sales leads from the MALT intralogistics expo for its Warehouse Management System, and deepened educational and marketing initiatives including a cloud accounting course with UCSI College and ongoing product enhancements to its Biztrak MSB software, positioning the business for future revenue conversion and competitiveness.

The most recent analyst rating on (AU:PFM) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Cape Range Ltd. stock, see the AU:PFM Stock Forecast page.