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PhosCo Ltd (AU:PHO)
ASX:PHO
Australian Market

PhosCo Ltd (PHO) AI Stock Analysis

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AU

PhosCo Ltd

(Sydney:PHO)

Rating:28Underperform
Price Target:
PhosCo Ltd's overall stock score is low due to severe financial performance issues, including no revenue generation and high liabilities. While technical analysis suggests some short-term stability, the negative valuation metrics highlight substantial financial challenges. The absence of earnings call data and corporate events limits further insight.

PhosCo Ltd (PHO) vs. iShares MSCI Australia ETF (EWA)

PhosCo Ltd Business Overview & Revenue Model

Company DescriptionPhosCo Ltd, together with its subsidiaries, engages in the exploration and development of resource projects in Tunisia, North Africa. The company explores for zinc, lead, and phosphate deposits. It holds a 51% interest in the Chaketma Project that consists of six prospects covering a total area of 56 square kilometers located in south-west Tunis. The company also holds 100% interest in the Djebba and Zeflana permits, as well as the Ain El Bouma, Zaouiet sidi Mbarek, and Djebba 2 projects located in Tunisia. The company was formerly known as Celamin Holdings Limited and changed its name to PhosCo Ltd in January 2022. PhosCo Ltd was incorporated in 2009 and is headquartered in South Melbourne, Australia.
How the Company Makes MoneyPhosCo Ltd makes money by extracting phosphate rock from its mining operations and processing it into various forms of phosphate fertilizers, which are then sold to agricultural producers, distributors, and retailers. The company generates revenue by leveraging its extensive supply chain capabilities and strategic partnerships with agricultural entities and governments. Additionally, PhosCo may engage in long-term supply contracts, providing a steady stream of income. The company's earnings are significantly influenced by global agricultural trends, commodity prices, and regulatory policies related to mining and environmental sustainability.

PhosCo Ltd Financial Statement Overview

Summary
PhosCo Ltd is experiencing significant financial distress. The company has no revenue generation, leading to negative gross profit and net losses. The balance sheet shows negative stockholders' equity and increasing debt, signaling high financial risk. Cash flows from operations are negative, indicating a severe liquidity challenge.
Income Statement
10
Very Negative
PhosCo Ltd has faced consistent challenges with no revenue generation over the past periods, leading to negative gross profit and significant net losses. The lack of revenue results in an inability to calculate growth rates or profit margins, indicating a dire need for revenue generation. The EBIT and EBITDA figures are consistently negative, signifying operational inefficiencies.
Balance Sheet
5
Very Negative
The company exhibits a concerning financial structure with negative stockholders' equity and increasing total debt, resulting in a negative debt-to-equity ratio. The equity ratio is negative, indicating liabilities surpass assets. Additionally, the negative ROE suggests the company is not generating profit from its equity base. Overall, the balance sheet reflects high financial risk and instability.
Cash Flow
15
Very Negative
Cash flows from operations are negative, and free cash flow is consistently negative, indicating the company is burning through cash without generating positive cash flow from its operations. The lack of positive operating cash flow relative to net income underlines the challenge in maintaining liquidity and sustaining operations without external financing.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
0.000.000.000.000.00
Gross Profit
-9.13K-12.33K-8.61K-9.50K0.00
EBIT
-1.53M-3.33M-1.67M-1.14M-1.84M
EBITDA
-800.83K-1.53M-8.47M-1.66M0.000.00
Net Income Common Stockholders
-1.73M-6.37M-1.30M-1.13M-1.81M
Balance SheetCash, Cash Equivalents and Short-Term Investments
57.96K548.15K1.19M1.81M575.02K1.56M
Total Assets
103.41K784.67K1.43M6.19M671.70K1.67M
Total Debt
0.006.52M3.85M5.53M0.000.00
Net Debt
-57.96K5.97M2.66M3.72M-575.02K-1.56M
Total Liabilities
1.17M9.45M8.22M7.55M621.25K586.64K
Stockholders Equity
-1.06M-2.37M-839.87K2.22M50.44K1.09M
Cash FlowFree Cash Flow
-1.54M-3.48M-2.00M-983.88K-1.32M
Operating Cash Flow
-1.49M-3.47M-1.56M-983.88K-1.30M
Investing Cash Flow
0.00-54.17K-7.02K-439.95K0.00-20.07K
Financing Cash Flow
903.50K2.89M3.26M0.002.10M

PhosCo Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.07
Price Trends
50DMA
0.06
Negative
100DMA
0.06
Negative
200DMA
0.05
Positive
Market Momentum
MACD
<0.01
Positive
RSI
43.50
Neutral
STOCH
23.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PHO, the sentiment is Negative. The current price of 0.07 is below the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.06, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 43.50 is Neutral, neither overbought nor oversold. The STOCH value of 23.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PHO.

PhosCo Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
51
Neutral
$2.03B-1.13-21.36%3.65%2.87%-30.54%
AUPHO
28
Underperform
AU$30.68M
-126.25%
GBS32
£6.52B58.00-3.53%3.54%
$2.51B22.94-1.04%
$1.09B7.2810.39%2.03%
$2.13B1,408.33-36.53%6.90%
$2.94B43.31-33.95%4.54%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:PHO
PhosCo Ltd
0.06
0.02
50.00%
GB:S32
South32
144.00
-46.97
-24.60%
PILBF
Pilbara Minerals
0.84
-1.53
-64.56%
ILKAF
Iluka Resources Limited
2.52
-2.19
-46.50%
IPGDF
IGO
2.73
-1.93
-41.42%
MALRF
Mineral Resources Limited
15.50
-29.67
-65.69%

PhosCo Ltd Corporate Events

PhosCo Advances Gasaat Phosphate Project with New Drilling and Infrastructure
Apr 28, 2025

PhosCo Limited has made significant progress at its Gasaat Phosphate Project in Tunisia, with the completion of access roads and the mobilization of drilling equipment. The company anticipates that upcoming drilling will expand its phosphate inventory and production capacity, supporting a future Bankable Feasibility Study. Additionally, PhosCo is enhancing its operational infrastructure with a new warehouse and office, and strengthening its team with experienced staff. These developments are part of PhosCo’s strategy to increase its market presence and value as a major player in the global fertilizer industry.

PhosCo Ltd Extends Maturity Date of Converting Notes to May 2025
Apr 17, 2025

PhosCo Ltd has announced an extension to the maturity date of its converting notes from April 24, 2025, to May 15, 2025, to facilitate the completion of an Entitlement Offer. The interest on these notes will continue to accrue at an annual rate of 10% during this period. The extension does not affect the maximum number of shares and options issuable upon conversion, maintaining the terms approved in previous general meetings. This move is expected to provide the company with additional time to manage its capital raising activities effectively, potentially impacting its financial strategy and stakeholder interests.

PhosCo Ltd Updates Prospectus to Extend Offers and Increase Conversion Options
Apr 17, 2025

PhosCo Ltd has issued a supplementary prospectus to update its original prospectus dated 11 March 2025. The company has extended the closing date for its Entitlement Offer and Oversubscriptions Offer to 1 May 2025 and the maturity date of its Converting Notes to 15 May 2025. This extension allows for an increase in the number of Conversion Options available, from 51,445,206 to 51,718,494, reflecting a 0.53% increase. The supplementary prospectus facilitates the offer of these additional Conversion Options, potentially impacting the company’s financial strategy and investor interest.

PhosCo Ltd Extends Closing Date for Securities Offer
Apr 7, 2025

PhosCo Ltd has announced an update regarding its proposed issue of securities, specifically extending the closing date for its Entitlement Offer and Oversubscriptions Offer. This extension may provide additional opportunities for stakeholders to participate in the offer, potentially impacting the company’s capital raising efforts and market positioning.

PhosCo Ltd Extends Entitlement Offer Deadline
Apr 7, 2025

PhosCo Ltd has announced an extension of the closing date for its Non-Renounceable Entitlement Offer and Oversubscriptions Offer, allowing eligible shareholders more time to participate. This extension, now set for May 1, 2025, aims to accommodate shareholders and potentially enhance participation, impacting the company’s capital raising efforts and market positioning.

PhosCo Ltd Launches $5 Million Entitlement Offer
Mar 20, 2025

PhosCo Ltd has announced a non-renounceable entitlement offer to raise approximately $5 million through the issuance of new shares, fully underwritten by Westar Capital Limited. The company is also providing a placement facility for oversubscriptions and conversion options for note holders, but these offers are not extended to shareholders outside Australia, New Zealand, and Guernsey due to compliance costs.

PhosCo Ltd Opens Capital Raising Offers Under New Prospectus
Mar 20, 2025

PhosCo Ltd has announced the opening of offers under its recently lodged prospectus, which includes a pro rata, non-renounceable rights issue and several other financial instruments aimed at raising capital. The Entitlement Offer is fully underwritten by Westar Capital Limited, and the company aims to raise approximately $5,035,073 through the issuance of new shares. This move is expected to bolster PhosCo’s financial standing and provide additional investment opportunities for eligible shareholders, potentially impacting the company’s market positioning and shareholder value.

PhosCo Ltd to Release Shares from Escrow on 28 March 2025
Mar 20, 2025

PhosCo Ltd has announced the release of 4,243,956 fully paid ordinary shares from voluntary escrow, effective 28 March 2025. These shares were initially issued without a cleansing notice, leading to escrow arrangements that have now been terminated following the company’s recent prospectus release. This move allows for the onsale of these shares, although it does not alter the company’s issued capital. The decision reflects PhosCo’s strategic approach to enhancing liquidity and shareholder value.

PhosCo Ltd Advances Exploration at Gasaat and Sekarna Phosphate Projects
Mar 18, 2025

PhosCo Ltd has announced significant developments in its Gasaat and Sekarna Phosphate Projects in Tunisia. The company is undertaking diamond drilling to explore new prospects at Gasaat and has commenced mapping and trenching at Sekarna to define a scout drilling program. With new exploration targets identified, PhosCo aims to expand its existing mineral resource estimates and enhance project economics. The company has secured funding to fast-track these activities and anticipates providing regular updates on its progress. These efforts are part of PhosCo’s strategy to increase production rates and strengthen its position in the global fertilizer market.

PhosCo Ltd Releases Interim Financial Report for 2024
Mar 14, 2025

PhosCo Ltd has released its interim financial report for the half-year ended 31 December 2024. The report includes various financial statements and declarations, providing insights into the company’s financial performance and position. This release is significant for stakeholders as it offers a comprehensive overview of PhosCo Ltd’s financial health, which could impact its market positioning and strategic decisions.

PhosCo Ltd Launches New Financial Offers to Boost Capital
Mar 13, 2025

PhosCo Ltd has announced a series of financial offers, including a non-renounceable rights issue to raise approximately $5 million, fully underwritten by Westar Capital Limited. This initiative, alongside additional oversubscription and conversion options, aims to enhance the company’s capital structure and provide investment opportunities for stakeholders, potentially impacting its market positioning and shareholder value.

PhosCo Ltd Launches Entitlement and Oversubscription Offers to Raise Capital
Mar 13, 2025

PhosCo Ltd has announced a non-renounceable entitlement offer, allowing eligible shareholders to purchase new shares at a set price, aiming to raise approximately $5 million. The company also offers additional shares through an oversubscription facility and conversion options for note holders, which could impact its capital structure and shareholder base.

Lion Selection Group Invests in PhosCo’s Strategic Phosphate Projects
Mar 11, 2025

Lion Selection Group Limited has committed to a $1 million sub-underwriting as part of PhosCo Ltd’s $5 million rights issue, marking a strategic investment in PhosCo’s Tunisian phosphate projects. PhosCo has secured full ownership of the Gasaat Phosphate Project and has signed a mandate letter with the European Bank for Reconstruction & Development for a potential $5 million investment, which will aid in a bankable feasibility study. This development signifies a major transformation for PhosCo, which has regained its Chaketma project interest through legal action, and positions the company to leverage its advanced phosphate assets in a strategic commodity market.

PhosCo Ltd Extends Maturity Date for Converting Notes
Mar 11, 2025

PhosCo Ltd has announced an extension of the maturity date for its converting notes from March 15, 2025, to April 24, 2025, allowing for the completion of an entitlement issue. The interest rate on these notes will remain at 10% per annum, and the conversion terms, including the conversion price and options, remain unchanged, ensuring stability for stakeholders.

PhosCo Ltd Announces Proposed Securities Issue
Mar 11, 2025

PhosCo Ltd has announced a proposed issue of securities, with a maximum of 51,445,206 conversion options set to be issued. The issuance is scheduled for April 17, 2025, and is part of the company’s strategy to enhance its market presence and provide value to its stakeholders by expanding its financial offerings.

PhosCo Ltd Announces Proposed Securities Issue
Mar 11, 2025

PhosCo Ltd has announced a proposed issue of securities, specifically ordinary fully paid shares, with a maximum of 100,701,456 securities to be issued. This non-renounceable pro rata issue is set to have its ex date on March 14, 2025, and the record date on March 17, 2025, with the offer closing on April 10, 2025, and the issue date on April 17, 2025. The announcement indicates a strategic move to raise capital, potentially impacting the company’s financial position and offering stakeholders an opportunity to invest further.

PhosCo Ltd Launches $6 Million Capital Raising Initiative
Mar 11, 2025

PhosCo Ltd has announced a non-renounceable entitlement offer to raise approximately $6 million, fully underwritten by Westar Capital Limited. The funds will support exploration work, metallurgical testwork, and scoping study updates for the company’s projects, as well as cover offer costs and boost working capital. This initiative is expected to strengthen PhosCo’s operational capabilities and market position, providing opportunities for eligible shareholders in Australia, New Zealand, and Guernsey to participate in the growth of the company.

PhosCo Secures Ownership and Funding for Gasaat Phosphate Project
Mar 11, 2025

PhosCo Ltd has secured 100% ownership of the Gasaat Phosphate Project in Tunisia, marking a significant step towards its goal of becoming a global fertiliser supplier. The project, which is double the size of the original Chaketma project, hosts a substantial JORC Resource and is set to commence a major drilling program. The company has launched a fully underwritten A$5.0m entitlement offer and signed a Mandate Letter with the European Bank for Reconstruction & Development for a potential US$5.0m investment, which will aid in the Gasaat Bankable Feasibility Study. This strategic move is expected to expand PhosCo’s resource base, increase production forecasts, and enhance cash flow generation, positioning the company to capitalize on the growing global demand for phosphate.

PhosCo Ltd Launches Capital Raising Initiatives
Mar 11, 2025

PhosCo Ltd has announced a series of financial offers aimed at raising capital, including a pro rata rights issue, a placement facility for oversubscriptions, conversion options for note holders, and lead manager options. These offers, fully underwritten by Westar Capital Limited, are intended to raise over $6 million before costs, potentially impacting the company’s financial position and market operations.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.