Tasman Resources (AU:TAS)
ASX:TAS
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Tasman Resources
(Sydney:TAS)
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Rating:53Neutral
Price Target:
AU$0.05
▲(155.00% Upside)
Action:ReiteratedDate:04/17/26
The score is held back primarily by weak financial performance (declining revenue, ongoing losses, negative cash flows, and high leverage). Technicals are supportive with a clear uptrend and positive momentum, and valuation screens as low on P/E, but these positives are outweighed by fundamental risk.
Positive Factors
High Gross Margin
A 69.11% gross margin indicates strong product-level economics or low direct costs, which provides structural capacity to cover fixed costs and SG&A. If revenue stabilises, this margin gives durable upside to operating leverage and recovery of profitability over months.
Negative Factors
High Leverage
A debt-to-equity ratio of 4.88 denotes significant leverage that elevates default and refinancing risk. Over a 2-6 month horizon, high interest and principal obligations constrain flexibility, reduce capacity for investment, and amplify the impact of any further revenue weakness.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margin
A 69.11% gross margin indicates strong product-level economics or low direct costs, which provides structural capacity to cover fixed costs and SG&A. If revenue stabilises, this margin gives durable upside to operating leverage and recovery of profitability over months.
Read all positive factors
Tasman Resources (TAS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$22.76M
Dividend YieldN/A
Average Volume (3M)464.11K
Price to Earnings (P/E)<0.1
Beta (1Y)0.54
Revenue Growth20.65%
EPS Growth80.26%
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.06
Shares Outstanding455,055,450
10 Day Avg. Volume433,255
30 Day Avg. Volume464,113
Financial Highlights & Ratios
PEG Ratio0.76
Price to Book (P/B)0.71
Price to Sales (P/S)1.02
P/FCF Ratio-0.63
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
Tasman Resources Business Overview & Revenue Model
Company Description
Tasman Resources (TAS) is an Australian mineral exploration company primarily focused on the discovery and development of high-value mineral resources. The company operates in the mining sector, exploring for gold, base metals, and other mineral d...
How the Company Makes Money
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Tasman Resources Financial Statement Overview
Summary
Income Statement
30
Negative
Balance Sheet
40
Negative
Cash Flow
35
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.28M | 2.45M | 2.02M | 4.70M | 4.15M | 3.28M |
| Gross Profit | -433.27K | 1.69M | 1.39M | -2.47M | -3.64M | -3.38M |
| EBITDA | -3.77M | -4.22M | -15.56M | -15.75M | -5.11M | -4.55M |
| Net Income | 17.06M | -3.02M | -13.13M | -5.72M | -2.60M | -2.69M |
Balance Sheet | ||||||
| Total Assets | 8.81M | 22.09M | 23.50M | 32.42M | 43.45M | 45.53M |
| Cash, Cash Equivalents and Short-Term Investments | 1.46M | 761.43K | 987.69K | 2.74M | 2.30M | 6.01M |
| Total Debt | 15.16K | 17.03M | 14.03M | 10.32M | 4.91M | 5.27M |
| Total Liabilities | 227.26K | 19.89M | 16.98M | 12.65M | 6.37M | 6.42M |
| Stockholders Equity | 8.58M | 3.49M | 3.77M | 16.38M | 23.64M | 26.47M |
Cash Flow | ||||||
| Free Cash Flow | -2.41M | -3.92M | -6.20M | -5.55M | -8.12M | -9.30M |
| Operating Cash Flow | -2.48M | -3.92M | -5.46M | -4.60M | -6.61M | -6.12M |
| Investing Cash Flow | -1.69M | -172.77K | -733.88K | -1.11M | -1.73M | -4.37M |
| Financing Cash Flow | 5.26M | 3.87M | 4.45M | 6.15M | 4.50M | 15.26M |
Tasman Resources 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% | |
53 Neutral | AU$22.76M | 0.09 | 282.73% | ― | 20.65% | 80.26% | |
52 Neutral | AU$18.60M | -3.29 | -10.22% | ― | ― | ― | |
46 Neutral | AU$21.10M | -7.18 | -4.78% | ― | ― | 54.55% | |
44 Neutral | AU$15.83M | -0.28 | -73.19% | ― | ― | ― | |
43 Neutral | AU$15.07M | -38.31 | -14.52% | ― | ― | 46.35% | |
42 Neutral | AU$18.41M | -24.16 | -108.69% | ― | ― | 36.67% |
* Basic Materials Sector Average
AU:TAS
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Tasman Resources Corporate Events
Tasman Resources Seeks ASX Quotation for 155,000 New Shares
Apr 23, 2026
Tasman Resources has applied for quotation of 155,000 new fully paid ordinary shares on the ASX, with an issue date of 23 April 2026. The additional securities, arising from the exercise of options or conversion of other instruments, modestly incr...
Tasman Resources Readies Key Drilling as Cash and JV Support Exploration Push
Apr 23, 2026
Tasman Resources reported a strong financial position for the March 2026 quarter, with $15.5 million in cash and equivalents, largely underpinned by its 13.3% stake in Eden Innovations valued at about $14.2 million. This capital base supports ongo...
Tasman Resources Seeks ASX Quotation for Additional Shares
Mar 31, 2026
Tasman Resources Ltd has lodged an application with the ASX for quotation of 215,000 ordinary fully paid shares under its TAS ticker. The new securities, issued on 31 March 2026, modestly increase the company’s quoted capital base and may su...
Tasman Resources Releases Interim Half-Year Financial Report
Mar 16, 2026
Tasman Resources has released its condensed interim financial report for the half-year ended 31 December 2025, covering its consolidated operations and financial position. The report includes a review of operations, directors’ report, key fi...
Tasman Resources Director Increases Shareholding via On-Market Purchase
Feb 3, 2026
Tasman Resources has disclosed a change in the security holdings of director Louis Varrasso, as required under ASX listing rules. Varrasso, through direct and indirect interests including K-Sum Capital Pty Ltd, has increased his stake in the compa...
Tasman Resources Directors’ Performance Rights Vest After Share Price Targets Met
Jan 30, 2026
Tasman Resources has confirmed the vesting of 36 million previously issued performance rights to its directors after meeting share price-based vesting conditions across three tranches, each linked to the company’s volume-weighted average pri...
Tasman Resources Moves to List 2-Cent Options and Reveals Top Holders
Jan 30, 2026
Tasman Resources has applied to have previously issued options, exercisable at $0.02 and expiring on 14 June 2028, quoted on the ASX, following their issue to placement investors and the recent options cleansing prospectus. The company has also re...
Tasman Resources Plans Issue of New Long-Dated Options
Jan 29, 2026
Tasman Resources Ltd has notified the ASX of a proposed issue of new securities via a placement or similar mechanism. The company plans to issue up to 1,000 new options, each exercisable at A$0.02 and expiring on 14 June 2028, with the proposed is...
Tasman Resources Issues Cleansing Prospectus to Lift Trading Restrictions on Options
Jan 29, 2026
Tasman Resources has released a transaction-specific cleansing prospectus for the offer of 1,000 Cleansing Options at a nil issue price, primarily to remove trading restrictions on existing options of the same class on issue before the offer close...
Tasman Resources Advances South Australian IOCG and Gold Exploration on Strong Balance Sheet
Jan 28, 2026
Tasman Resources reported a solid financial position for the December 2025 quarter, with $1.5 million in cash and a shareholding in Eden Innovations valued at $6.5 million, underpinning ongoing exploration activities. At the Lake Torrens IOCG Proj...
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.