PPK Group Limited (PPK) AI Stock Analysis

• Market Cap: AU$36.14M
• Dividend Yield: N/A
• Average Volume (3M): 33.19K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.88
• Revenue Growth: -13.93%
• EPS Growth: -209.39%
• Country: AU
• Employees: 421
• Sector: Industrials
• Sector Strength: 72
• Industry: Agricultural - Machinery
• EPS (TTM): -0.20
• Shares Outstanding: 90,812,500
• 10 Day Avg. Volume: 35,682
• 30 Day Avg. Volume: 33,188
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.52
• Price to Sales (P/S): 0.91
• P/FCF Ratio: -2.59
• 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: 47 Neutral
• Price Target: AU$0.41 ▲(3.50% Upside)

The score is held down primarily by weak financial performance (ongoing losses and negative cash flows). Technical indicators are moderately supportive with price above key moving averages and a positive MACD, but valuation remains challenged due to a negative P/E and no provided dividend yield.

Positive Factors

Advanced materials focus

PPK’s core business is development and commercialisation of graphene and advanced material technologies. This strategic focus aligns with durable structural demand for high-performance materials across industries, enabling multiple long-term revenue paths (product sales, licensing, JV exits) if commercialization scales.

Conservative leverage / stable capital structure

Low debt and a reasonable equity ratio provide financial flexibility during multi-year R&D and commercialization cycles. A conservative capital structure reduces refinancing risk, supports continued investment in technology development, and gives management runway to pursue partnerships or staged commercialization without immediate solvency pressure.

Positive free cash flow to net income ratio

A positive free-cash-flow-to-net-income ratio indicates the business can convert reported results into cash, reflecting controlled capex or working-capital discipline. Over months this supports operational continuity, funds commercialization steps internally, and reduces dependence on immediate external financing if sustained.

Negative Factors

Declining revenue trend

Revenue has been declining materially, which is a durable red flag for commercial traction. Persistent top-line contraction reduces economies of scale, weakens pricing leverage, and makes it harder to absorb fixed R&D and SG&A costs, prolonging the path to sustainable profitability and value realisation.

Sustained negative margins and cash flow

Ongoing negative EBIT, net margins and operating/free cash flow indicate structural profitability issues. Over the medium term this can deplete reserves, force dilutive capital raises, hinder long-term partnerships, and constrain investment needed to scale manufacturing or commercial deployments for advanced materials.

Negative return on equity

A negative ROE shows the company’s capital has not translated into shareholder value, reflecting ineffective monetisation of R&D and investments. Persistently negative ROE can impair future capital access, reduce investor confidence, and signal structural challenges converting technology development into profitable, scalable businesses.

PPK Group Limited Business Overview & Revenue Model

Company Description

PPK Group Limited (PPK) is an Australian diversified industrial company that operates across multiple sectors, including technology, resources, and manufacturing. The company focuses on developing innovative solutions and products, particularly in the fields of advanced materials, industrial equipment, and technology-driven applications. PPK's core offerings include high-performance composite materials, specialized mining equipment, and various technological services aimed at enhancing operational efficiency and safety for its clients.

How the Company Makes Money

PPK generates revenue through several key streams, primarily from the sale of its advanced materials and manufacturing products. The company has established significant partnerships within the mining and industrial sectors, allowing it to provide tailored solutions that meet specific client needs. Additionally, PPK earns income through the provision of technology services, including consulting and support for the implementation of its products. The company also benefits from ongoing contracts and repeat business with existing customers, which contribute to its financial stability and growth.

PPK Group Limited Financial Statement Overview

Summary

Weak fundamentals: declining revenue trends, negative EBIT and net margins, and negative operating/free cash flow. The balance sheet is comparatively steadier with low leverage, but negative ROE signals poor shareholder returns.

Income Statement

PPK Group Limited has experienced declining revenue growth and negative profit margins over the past few years. The gross profit margin has been relatively stable, but the company has struggled with negative EBIT and net profit margins, indicating operational inefficiencies and challenges in achieving profitability.

Balance Sheet

The company's debt-to-equity ratio is relatively low, suggesting a conservative leverage position. However, the return on equity is negative, reflecting the company's inability to generate positive returns for shareholders. The equity ratio is reasonable, indicating a stable capital structure.

Cash Flow

PPK Group Limited has faced challenges with negative operating and free cash flows, impacting its ability to generate cash from operations. The free cash flow to net income ratio is positive, suggesting that despite losses, the company manages to convert some of its net income into free cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	24.26M	24.26M	28.19M	6.35M	1.65M	0.00
Gross Profit	6.39M	7.11M	8.02M	2.91M	1.65M	-66.00K
EBITDA	-36.58M	-12.88M	-12.26M	-10.58M	-2.04M	-5.91M
Net Income	-21.55M	-21.55M	-10.74M	-7.82M	-2.56M	-5.48M
Balance Sheet
Total Assets	73.60M	73.60M	122.85M	135.58M	120.98M	96.60M
Cash, Cash Equivalents and Short-Term Investments	5.06M	5.06M	30.35M	40.00M	53.01M	30.36M
Total Debt	9.88M	9.88M	10.41M	9.67M	4.06M	399.00K
Total Liabilities	28.51M	28.51M	28.93M	29.87M	8.39M	8.34M
Stockholders Equity	41.93M	41.93M	67.74M	75.58M	81.51M	76.65M
Cash Flow
Free Cash Flow	-7.41M	-8.48M	-18.49M	-16.68M	-15.53M	-5.47M
Operating Cash Flow	-5.83M	-6.90M	-9.91M	-9.55M	-7.83M	-2.39M
Investing Cash Flow	-17.89M	-16.81M	-2.53M	-3.73M	-3.81M	-6.41M
Financing Cash Flow	421.00K	421.00K	793.00K	272.00K	34.28M	34.37M

PPK Group Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.40
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PPK, the sentiment is Neutral. The current price of 0.4 is below the 20-day moving average (MA) of 0.45, below the 50-day MA of 0.42, and below the 200-day MA of 0.41, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.30 is Neutral, neither overbought nor oversold. The STOCH value of 9.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:PPK.

PPK Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WWG	74 Outperform	AU$55.95M	12.40	20.77%	4.55%	66.80%	625.00%
IPG	70 Outperform	AU$453.35M	17.25	16.64%	2.93%	22.13%	9.16%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
AVA	53 Neutral	AU$18.63M	-2.88	-25.77%	―	4.84%	-12.12%
DEM	50 Neutral	AU$34.29M	-15.00	-16.00%	―	11.53%	46.15%
PPK	47 Neutral	AU$36.14M	-1.13	-51.10%	―	-13.93%	-209.39%

PPK Group Limited Corporate Events

PPK Group Ends Litigation with $747,000 Costs Settlement

PPK Group Limited has reached a settlement regarding costs in the legal matter of Flynn & Anor v PPK Mining Equipment Pty Ltd & Anor, agreeing to pay $747,000 in full and final settlement of all claims. The payment brings the litigation to a close, removing a source of legal uncertainty for the company and drawing a line under all matters connected to the proceedings, which may provide greater clarity for stakeholders assessing PPK’s ongoing obligations and risk profile.

The most recent analyst rating on (AU:PPK) stock is a Hold with a A$0.36 price target. To see the full list of analyst forecasts on PPK Group Limited stock, see the AU:PPK Stock Forecast page.

PPK Group Announces Director Departure

PPK Group Limited has announced the cessation of Marc Wayne Fenton as a director, effective December 5, 2025. This change in the board of directors may impact the company’s strategic direction and stakeholder relationships, as Fenton held vested performance rights and shares through MJGBAP Pty Ltd and the MJGB Family Trust.

The most recent analyst rating on (AU:PPK) stock is a Hold with a A$0.36 price target. To see the full list of analyst forecasts on PPK Group Limited stock, see the AU:PPK Stock Forecast page.

PPK Group Limited Secures Strong Shareholder Support at AGM

PPK Group Limited announced that all resolutions at its Annual General Meeting were successfully passed, indicating strong shareholder support. This outcome is expected to positively impact the company’s strategic direction and reinforce its position in the market, benefiting stakeholders and aligning with its growth objectives.

The most recent analyst rating on (AU:PPK) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on PPK Group Limited stock, see the AU:PPK Stock Forecast page.

PPK Group Limited Announces Strategic Market Repositioning and Strong Performance

PPK Group Limited announced its strategic pivot to refine its market position by reconciling assets and redefining its business model. The company reported significant achievements, including the divestment of AMAG, deconsolidation of LIS, and a notable performance by Craig International Ballistics, which generated $48 million in revenue. Despite a slight dip in PowerPlus Energy’s revenue, the company maintains a strong market share. The nanomaterial merger aims to support commercialization efforts, although risks remain.

The most recent analyst rating on (AU:PPK) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on PPK Group Limited stock, see the AU:PPK Stock Forecast page.

PPK Group Limited Issues 501,087 Performance Rights

PPK Group Limited has announced the issuance of 501,087 performance rights as part of an employee incentive scheme. These unquoted securities are not intended to be listed on the ASX, reflecting the company’s strategy to motivate and retain key personnel, potentially impacting its operational efficiency and stakeholder engagement.

The most recent analyst rating on (AU:PPK) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on PPK Group Limited stock, see the AU:PPK Stock Forecast page.

Li-S Energy Secures $7.8 Million ARENA Grant for Battery Manufacturing Expansion

Li-S Energy Limited, partially owned by PPK Group Limited, has secured a $7.8 million grant from the Australian Renewable Energy Agency (ARENA) to support the development of a large-scale lithium-sulfur battery cell manufacturing facility. This funding aims to enhance Australia’s battery manufacturing capabilities, aligning with the country’s energy storage strategy and supporting the transition to renewable energy by increasing energy density and reducing costs.

The most recent analyst rating on (AU:PPK) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on PPK Group Limited stock, see the AU:PPK Stock Forecast page.

PPK Group Deconsolidates White Graphene Ltd to Streamline Operations

PPK Group Limited has announced the deconsolidation of White Graphene Ltd after reducing its shareholding to 39.38%, thus relinquishing control. This move aligns with PPK’s strategy to simplify financial accounts and provide White Graphene with greater independence to pursue its commercial goals. The deconsolidation will lead to the derecognition of WGL’s assets and liabilities from PPK’s accounts, with the remaining investment re-measured at fair value.

The most recent analyst rating on (AU:PPK) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on PPK Group Limited stock, see the AU:PPK Stock Forecast page.