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Tribeca Global Natural Resources Ltd.
(Sydney:TGF)
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Rating:71Outperform
Price Target:
AU$2.50
▲(4.60% Upside)
Action:Upgraded
Date:04/09/26
The score is driven primarily by very attractive valuation (ultra-low P/E with a ~3.54% yield). This is tempered by uneven financial performance and cash-flow reliability despite a strong, low-debt balance sheet. Technicals are moderately supportive but not strongly bullish.
Positive Factors
Balance-sheet conservatism
Zero debt across recent years materially reduces financial risk for an investment company exposed to cyclical commodities. This durable capital structure supports holding through downturns, avoids forced sales, and preserves the ability to fund operations and distributions without debt refinancing risk.
Negative Factors
Highly volatile earnings and revenue
Wide swings in earnings and revenue make future returns and distributable income difficult to underwrite. For an LIC, persistent volatility undermines predictability of NTA and dividends, increasing reliance on market timing by the manager to deliver multi-year shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet conservatism
Zero debt across recent years materially reduces financial risk for an investment company exposed to cyclical commodities. This durable capital structure supports holding through downturns, avoids forced sales, and preserves the ability to fund operations and distributions without debt refinancing risk.
Read all positive factors
Tribeca Global Natural Resources Ltd. (TGF) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$212.67M
Dividend Yield3.98%
Average Volume (3M)251.21K
Price to Earnings (P/E)2.3
Beta (1Y)1.76
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management - Global
Share Statistics
EPS (TTM)1.09
Shares Outstanding86,100,000
10 Day Avg. Volume253,892
30 Day Avg. Volume251,208
Financial Highlights & Ratios
PEG Ratio-0.14
Price to Book (P/B)0.70
Price to Sales (P/S)5.83
P/FCF Ratio-7.54
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
Tribeca Global Natural Resources Ltd. Business Overview & Revenue Model
Company Description
Operating as an investment company, Tribeca Global Natural Resources Limited focuses its activities on infrastructure projects and is based in Sydney, New South Wales, Australia....
How the Company Makes Money
TGF does not earn revenue from selling products or providing operating services in the natural-resources industry; instead, it makes money primarily through investment returns generated by its portfolio. Its economic results typically come from (1...
Tribeca Global Natural Resources Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
78
Positive
Cash Flow
42
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2021 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.84M | 20.23M | -2.40M | 7.04M | 52.51M | 77.47M |
| Gross Profit | 13.87M | 20.23M | -10.94M | -3.40M | 36.91M | 77.47M |
| EBITDA | 128.31M | 17.02M | -14.38M | 12.06M | -18.73M | 74.34M |
| Net Income | 84.84M | 5.02M | -9.59M | 7.63M | -11.82M | 52.23M |
Balance Sheet | ||||||
| Total Assets | 293.18M | 248.21M | 239.63M | 318.20M | 279.32M | 241.93M |
| Cash, Cash Equivalents and Short-Term Investments | 281.66M | 163.93M | 204.03M | 297.82M | 181.95M | 20.83M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 12.54M |
| Total Liabilities | 68.42M | 78.97M | 75.40M | 140.82M | 134.80M | 85.52M |
| Stockholders Equity | 224.76M | 169.25M | 164.23M | 177.38M | 144.52M | 156.35M |
Cash Flow | ||||||
| Free Cash Flow | -8.46M | -15.63M | 24.08M | -23.33M | -11.82M | 6.22M |
| Operating Cash Flow | -8.46M | -15.63M | 24.08M | -23.33M | -11.82M | 6.22M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -13.98M | 0.00 | -3.56M | 25.22M | 0.00 | -768.68K |
Tribeca Global Natural Resources Ltd. Technical Analysis
Negative
2.39
Price Trends
2.67
Negative
2.66
Negative
2.47
Negative
Market Momentum
-0.05
Positive
38.25
Neutral
23.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TGF, the sentiment is Negative. The current price of 2.39 is below the 20-day moving average (MA) of 2.58, below the 50-day MA of 2.67, and below the 200-day MA of 2.47, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 38.25 is Neutral, neither overbought nor oversold. The STOCH value of 23.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TGF.
Tribeca Global Natural Resources Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$791.12M | 45.36 | 1.95% | 9.39% | -79.48% | -85.93% | |
73 Outperform | AU$1.58B | 5.14 | 27.73% | 3.98% | 1.30% | 109.12% | |
71 Outperform | AU$212.67M | 2.27 | 43.06% | 2.13% | ― | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | AU$41.71M | 2.25 | 36.39% | 3.47% | 2454.11% | 453.96% | |
61 Neutral | AU$1.44B | 17.92 | 5.81% | 1.50% | 28.00% | -70.45% | |
46 Neutral | AU$32.84M | 77.19 | 0.89% | ― | 437.14% | ― |
* Financial Sector Average
AU:TGF
Tribeca Global Natural Resources Ltd.
2.47
1.05
74.19%
AU:NGI
Navigator Global Investments Ltd
2.36
0.60
33.79%
AU:PGF
PM Capital Global Opportunities Fund Ltd.
3.29
0.82
33.09%
AU:GFL
Global Masters Fund Limited
2.91
-0.74
-20.27%
AU:FPC
Fat Prophets Global Contrarian Fund Ltd.
1.31
0.27
25.60%
AU:WGB
WAM Global Ltd.
2.20
-0.17
-7.33%
Tribeca Global Natural Resources Ltd. Corporate Events
Tribeca Global Natural Resources posts strong FYTD gains despite June setback
Jul 14, 2026
Tribeca Global Natural Resources has reported a pre-tax net tangible asset backing of $3.486 per share and a post-tax NTA of $3.0875 as at 30 June 2026, compared with a share price of $2.60. While the fund recorded a negative pre-tax return of 5.6...
Tribeca Global Natural Resources Releases Indicative Mid-July NTA Per Share
Jul 13, 2026
Tribeca Global Natural Resources Limited has released an estimate of its net tangible asset backing per share as at 10 July 2026, reporting an indicative pre-tax NTA of $3.38 and a post-tax NTA of $3.03 based on 73,693,826 ordinary shares on issue...
Tribeca Global Natural Resources Posts Indicative July NTA Per Share
Jul 6, 2026
Tribeca Global Natural Resources Ltd. reported an estimated net tangible asset backing of $3.55 per share pre-tax and $3.14 per share post-tax as of 3 July 2026, based on 73,693,826 shares on issue. The company emphasised that these figures are in...
Tribeca Global Natural Resources posts estimated NTA per share for late June
Jun 29, 2026
Tribeca Global Natural Resources Ltd. reported an estimated net tangible asset backing per ordinary share of $3.31 pre-tax and $2.99 post-tax as at 26 June 2026, based on 73,693,826 shares on issue. These figures are indicative, derived from previ...
Tribeca Global Natural Resources Issues Mid-June Estimated NTA Update
Jun 22, 2026
Tribeca Global Natural Resources Limited has released an estimated net tangible asset backing per ordinary share as at 19 June 2026, indicating a pre-tax NTA of $3.60 and a post-tax NTA of $3.18 based on 73,693,826 shares on issue. The company emp...
Tribeca Global Natural Resources posts indicative early-June NTA update
Jun 9, 2026
Tribeca Global Natural Resources Limited has released an updated estimate of its net tangible assets backing per ordinary share as at 5 June 2026, putting pre-tax NTA at $3.64 and post-tax NTA at $3.19, based on 73,693,826 shares on issue. The fig...
Tribeca Global Natural Resources posts indicative late‑May NTA update
Jun 1, 2026
Tribeca Global Natural Resources Limited has released an estimated net tangible asset backing per ordinary share as at 29 May 2026, reporting a pre‑tax NTA of $3.69 and a post‑tax NTA of $3.22, based on 73,693,826 shares on issue. The ...
Tribeca Global Natural Resources posts updated estimated NTA per share
May 25, 2026
Tribeca Global Natural Resources Limited has released an updated estimate of its net tangible asset backing per share as at 22 May 2026, reporting a pre-tax NTA of $3.64 and a post-tax NTA of $3.18 based on 73,693,826 shares on issue. The company ...
Tribeca Global Natural Resources posts indicative NTA update for early May
May 11, 2026
Tribeca Global Natural Resources Ltd. has released an estimated net tangible asset backing per ordinary share as at 8 May 2026, indicating a pre-tax NTA of $3.66 and a post-tax NTA of $3.19 based on 73,693,826 shares on issue. The company notes th...
Tribeca Global Natural Resources Issues Indicative Early-May NTA Update
May 4, 2026
Tribeca Global Natural Resources Limited has released an estimated pre-tax net tangible asset backing of $3.53 per ordinary share and an estimated post-tax NTA of $3.11 per share as at 1 May 2026, based on 73,693,826 shares on issue. The company s...
Tribeca Global Natural Resources Posts Indicative NTA Update for 24 April 2026
Apr 27, 2026
Tribeca Global Natural Resources Limited has released an updated estimate of its net tangible asset backing per share as at 24 April 2026, reporting a pre-tax NTA of $3.62 and a post-tax NTA of $3.17 based on 73,693,826 shares on issue. The compan...
Tribeca Global Natural Resources posts indicative mid-month NTA update
Apr 20, 2026
Tribeca Global Natural Resources Limited reported an estimated pre-tax net tangible asset backing of $3.69 per ordinary share and a post-tax NTA of $3.21 as at 17 April 2026, based on 73,693,826 shares on issue. The figures are indicative, reflect...
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.