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CI Resources Limited
(Sydney:PRG)
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Rating:54Neutral
Price Target:
AU$1.50
â–²(18.11% Upside)
Action:Reiterated
Date:07/17/26
The score is primarily held back by weak financial quality—shrinking margins, declining net income, and persistently negative free cash flow—despite strong revenue growth and a moderately leveraged balance sheet. Technicals are mixed (near-term improvement but still below longer-term averages), while valuation is relatively supportive with a low P/E and moderate dividend yield.
Positive Factors
Strong revenue growth
Consistent multi-year revenue expansion demonstrates durable demand for the company’s phosphate products and scale-up of operations. Sustained top-line growth supports negotiating leverage with customers, underpins operating scale benefits, and provides a platform to restore margins if costs stabilize.
Negative Factors
Negative free cash flow & zero operating cash
Earnings are not converting into cash, raising medium-term funding and execution risk. Persistent negative free cash flow and nil operating cash reduce ability to self-fund capex, repay debt, or maintain distributions, increasing reliance on external financing or equity issuance.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Consistent multi-year revenue expansion demonstrates durable demand for the company’s phosphate products and scale-up of operations. Sustained top-line growth supports negotiating leverage with customers, underpins operating scale benefits, and provides a platform to restore margins if costs stabilize.
Read all positive factors
CI Resources Limited (PRG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$162.25M
Dividend Yield1.46%
Average Volume (3M)52.31K
Price to Earnings (P/E)10.4
Beta (1Y)0.35
Revenue Growth45.40%
EPS Growth431.87%
CountryAU
Employees5
SectorIndustrials
Sector Strength72
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)0.14
Shares Outstanding110,750,190
10 Day Avg. Volume419
30 Day Avg. Volume52,310
Financial Highlights & Ratios
PEG Ratio-0.32
Price to Book (P/B)0.74
Price to Sales (P/S)0.11
P/FCF Ratio-35.81
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
CI Resources Limited Business Overview & Revenue Model
Company Description
Headquartered in Burswood, Australia, PRL Global Ltd., which commenced operations in 1987, focuses on the extraction, refinement, and global distribution of phosphate rock, phosphate dust, and chalk. The company's reach extends across Africa, Asia...
How the Company Makes Money
CI Resources Limited makes money primarily by selling phosphate rock and phosphate-related products produced from its operations on Christmas Island. Revenue is generated when the company extracts phosphate-bearing material, processes it to meet c...
CI Resources Limited Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
63
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.92B | 1.48B | 1.27B | 1.15B | 537.74M |
| Gross Profit | 57.86M | 59.07M | 55.12M | 89.81M | 31.07M |
| EBITDA | 46.73M | 37.56M | 32.13M | 61.35M | 21.59M |
| Net Income | 16.22M | 10.89M | 21.88M | 25.27M | 8.50M |
Balance Sheet | |||||
| Total Assets | 510.06M | 505.18M | 483.54M | 468.99M | 401.06M |
| Cash, Cash Equivalents and Short-Term Investments | 63.39M | 66.63M | 53.21M | 71.80M | 43.03M |
| Total Debt | 127.16M | 114.97M | 117.41M | 112.72M | 60.61M |
| Total Liabilities | 245.63M | 256.05M | 246.54M | 234.69M | 197.78M |
| Stockholders Equity | 240.90M | 228.76M | 225.57M | 219.31M | 200.87M |
Cash Flow | |||||
| Free Cash Flow | -15.61M | -4.72M | -3.48M | -13.79M | -77.37M |
| Operating Cash Flow | 15.23M | 0.00 | 0.00 | 0.00 | 0.00 |
| Investing Cash Flow | -35.95M | 7.11M | 2.29M | -30.39M | 18.74M |
| Financing Cash Flow | 8.92M | -10.65M | -34.72M | 46.92M | 39.68M |
CI Resources Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$208.09M | 11.40 | 11.28% | 10.12% | -0.15% | 307.55% | |
70 Outperform | AU$73.01M | 8.59 | 7.13% | 1.18% | 5.28% | -55.00% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | AU$91.91M | 5.16 | 12.51% | 7.14% | 10.91% | -28.61% | |
60 Neutral | AU$144.52M | -18.86 | -12.62% | 2.78% | -2.60% | -168.93% | |
54 Neutral | AU$162.25M | 10.43 | 4.79% | 1.46% | 45.40% | 431.87% | |
54 Neutral | AU$403.70M | 16.30 | 6.54% | 4.73% | -8.17% | -20.77% |
* Industrials Sector Average
AU:PRG
CI Resources Limited
1.47
-0.05
-3.04%
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CI Resources Limited Corporate Events
PRL Global ramps up Ardmore operations and shifts to bulk logistics
Jun 30, 2026
PRL Global Limited has reported that operations at its recently acquired Ardmore Phosphate Mine are progressing in line with its acquisition plan, with capital deployment across mining, processing and infrastructure largely completed. The company ...
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.