Tribeca Global Natural Resources Ltd. (AU:TGF)
ASX:TGF
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Tribeca Global Natural Resources Ltd.
(Sydney:TGF)
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Rating:71Outperform
Price Target:
AU$3.00
â–²(25.52% Upside)
Action:UpgradedDate: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
Conservative Balance Sheet
The company’s zero-debt stance in recent years provides durable financial flexibility and low solvency risk. That conservative capital structure reduces refinancing and interest-rate exposure, enabling the manager to hold through commodity cycles or deploy capital opportunistically without pressure to sell assets.
Negative Factors
Inconsistent Cash Generation
Repeated negative operating and free cash flow undermines the firm’s ability to reliably fund dividends, pay manager fees from cash, or pursue buybacks without selling assets. Structural cash volatility increases execution risk and heightens dependence on realized gains to finance shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
The company’s zero-debt stance in recent years provides durable financial flexibility and low solvency risk. That conservative capital structure reduces refinancing and interest-rate exposure, enabling the manager to hold through commodity cycles or deploy capital opportunistically without pressure to sell assets.
Read all positive factors
Tribeca Global Natural Resources Ltd. (TGF) vs. iShares MSCI Australia ETF (EWA)
Market Cap
N/A
Dividend Yield2.13%
Average Volume (3M)251.21K
Price to Earnings (P/E)0.7
Beta (1Y)1.73
Revenue Growth-213.11%
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management - Global
Share Statistics
EPS (TTM)0.90
Shares Outstanding86,100,000
10 Day Avg. Volume253,892
30 Day Avg. Volume251,208
Financial Highlights & Ratios
PEG Ratio-0.15
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
Tribeca Global Natural Resources Limited is an investment firm specializing in infrastructure investments. Tribeca Global Natural Resources Limited is headquartered in Sydney, New South Wales, Australia....
How the Company Makes Money
TGF does not operate as a natural resources producer; it is an investment company. Its economic returns to shareholders are generated primarily from the performance of its investment portfolio: (1) dividends and other distributions received from p...
Tribeca Global Natural Resources Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
78
Positive
Cash Flow
42
Neutral
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2021 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 20.23M | -2.40M | 7.04M | 52.51M | 77.47M |
| Gross Profit | 20.23M | -10.94M | -3.40M | 36.91M | 77.47M |
| EBITDA | 0.00 | -14.38M | 12.06M | -18.73M | 74.34M |
| Net Income | 5.02M | -9.59M | 7.63M | -11.82M | 52.23M |
Balance Sheet | |||||
| Total Assets | 248.21M | 239.63M | 318.20M | 279.32M | 241.93M |
| Cash, Cash Equivalents and Short-Term Investments | 163.93M | 204.03M | 297.82M | 181.95M | 20.83M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 12.54M |
| Total Liabilities | 78.97M | 75.40M | 140.82M | 134.80M | 85.52M |
| Stockholders Equity | 169.25M | 164.23M | 177.38M | 144.52M | 156.35M |
Cash Flow | |||||
| Free Cash Flow | -15.63M | 24.08M | -23.33M | -11.82M | 6.22M |
| Operating Cash Flow | -15.63M | 24.08M | -23.33M | -11.82M | 6.22M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 0.00 | -3.56M | 25.22M | 0.00 | -768.68K |
Tribeca Global Natural Resources Ltd. Technical Analysis
Positive
2.39
Price Trends
2.70
Positive
2.48
Positive
2.05
Positive
Market Momentum
-0.02
Negative
59.07
Neutral
63.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TGF, the sentiment is Positive. The current price of 2.39 is below the 20-day moving average (MA) of 2.52, below the 50-day MA of 2.70, and above the 200-day MA of 2.05, indicating a bullish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 59.07 is Neutral, neither overbought nor oversold. The STOCH value of 63.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$60.75M | 2.97 | 35.99% | 6.39% | 22.67% | 19.47% | |
71 Outperform | ― | 0.67 | 43.06% | 2.13% | -213.11% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | AU$19.37M | 5.24 | 4.65% | ― | 101.80% | 355.88% | |
55 Neutral | AU$17.26M | -78.67 | 2.73% | ― | 15.52% | 79.73% | |
52 Neutral | AU$98.58M | 2.59 | 23.10% | ― | -0.51% | ― | |
45 Neutral | AU$1.16B | -152.49 | -4.14% | ― | ― | -17.57% |
* Financial Sector Average
AU:TGF
Tribeca Global Natural Resources Ltd.
2.83
1.66
140.85%
AU:APL
Contango Asset Management Ltd.
0.30
0.15
100.00%
AU:WA1
WA1 Resources Ltd
15.48
3.98
34.61%
AU:MAM
Microequities Asset Management Group Ltd.
0.47
-0.01
-2.52%
AU:PNC
Pioneer Credit Ltd
0.60
0.19
48.75%
AU:PVL
Powerhouse Ventures Ltd.
0.12
0.04
43.75%
Tribeca Global Natural Resources Ltd. Corporate Events
Tribeca Global Natural Resources posts estimated NTA backing for early April
Apr 7, 2026
Tribeca Global Natural Resources Limited has released an updated estimate of its net tangible asset backing per share as at 2 April 2026, putting pre-tax NTA at $3.46 and post-tax NTA at $3.11 based on 73,693,826 shares on issue. The figures are i...
Tribeca Global Natural Resources Director Increases Shareholding via Dividend Plan
Apr 2, 2026
Tribeca Global Natural Resources has disclosed a change in director Todd Warren’s interests following his participation in the company’s Dividend Reinvestment Plan. Warren increased his direct and indirect holdings in fully paid ordina...
Tribeca Director Increases Stake via Dividend Reinvestment Plan
Apr 2, 2026
Tribeca Global Natural Resources Limited has disclosed a small increase in the personal shareholding of director Nicholas Myers following his participation in the company’s dividend reinvestment plan. Myers acquired 1,394 ordinary shares on ...
Tribeca Global Natural Resources Director Increases Shareholding via Dividend Plan
Apr 2, 2026
Tribeca Global Natural Resources Limited has reported a change in the securities held by director Rebecca O’Dwyer, reflecting her participation in the company’s Dividend Reinvestment Plan. Following the latest transaction on 2 April 20...
Tribeca Global Natural Resources posts indicative late-March NTA update
Mar 30, 2026
Tribeca Global Natural Resources Ltd. has released an indicative estimate of its net tangible asset backing per ordinary share as at 27 March 2026, reporting a pre-tax NTA of $3.29 and a post-tax NTA of $3.00 on an ex-dividend basis. The figures a...
Tribeca Global Natural Resources Posts Indicative NTA Update for 20 March 2026
Mar 23, 2026
Tribeca Global Natural Resources Limited has released an estimated net tangible asset backing per ordinary share as at 20 March 2026, reporting an ex-dividend pre-tax NTA of $3.23 and a post-tax NTA of $2.96 based on 73,693,826 shares on issue. Th...
Tribeca Global Natural Resources Confirms DRP Completion and Dividend Details
Mar 18, 2026
Tribeca Global Natural Resources has updated its notification regarding a six‑month dividend for the period ending 31 December 2025 on its ordinary fully paid shares. The record date is 6 March 2026, with an ex‑dividend date of 5 March...
Tribeca Global Natural Resources Posts Indicative Mid-March NTA per Share
Mar 16, 2026
Tribeca Global Natural Resources Limited has released an estimated net tangible asset backing per ordinary share as at 13 March 2026, reporting an ex-dividend pre-tax NTA of $3.51 and a post-tax NTA of $3.14, based on 73,693,826 shares on issue. T...
Tribeca Global Natural Resources posts strong NTA and 66% FYTD return
Mar 12, 2026
Tribeca Global Natural Resources Ltd. reported a pre‑tax net tangible asset backing of $4.0498 per share and a post‑tax NTA of $3.4940 as at 28 February 2026, against a share price of $3.03 and 73.69 million shares on issue. The portfo...
Tribeca Global Natural Resources posts updated estimated NTA per share
Mar 9, 2026
Tribeca Global Natural Resources Limited has released an updated estimate of its net tangible asset backing per share as at 6 March 2026, reporting an ex‑dividend pre‑tax NTA of $3.75 and a post‑tax NTA of $3.29, based on 73,693,...
Tribeca Global Natural Resources posts indicative NTA update for late February
Mar 2, 2026
Tribeca Global Natural Resources Limited has released an updated estimate of its net tangible asset backing per share as at 27 February 2026, reporting a pre-tax NTA of $4.04 and a post-tax NTA of $3.49 on a cum-dividend basis. The figures, calcul...
Tribeca Global Natural Resources Declares Interim Six-Month Dividend
Feb 26, 2026
Tribeca Global Natural Resources Ltd. has declared a six-monthly dividend of AUD 0.05 per ordinary fully paid share for the period ending 31 December 2025, reinforcing its capital management and income distribution approach to shareholders in the ...
Tribeca Global Natural Resources Swings to Profit and Lifts Asset Backing
Feb 26, 2026
Tribeca Global Natural Resources reported a sharp turnaround in performance for the half-year to 31 December 2025, moving from a loss a year earlier to revenue of $118.6 million and profit after tax attributable to members of $69.5 million. Earnin...
Tribeca Global Natural Resources posts indicative mid-month NTA update
Feb 23, 2026
Tribeca Global Natural Resources Limited has released an estimated net tangible asset backing per ordinary share as at 20 February 2026, indicating a pre-tax NTA of $3.89 and a post-tax NTA of $3.40 based on 73,693,826 shares on issue. The company...
Tribeca Global Natural Resources Posts Updated Estimated NTA Backing
Feb 9, 2026
Tribeca Global Natural Resources Limited has released an updated estimate of its net tangible asset backing per share as at 6 February 2026, putting pre-tax NTA at $3.68 and post-tax NTA at $3.24 based on 73,693,826 shares on issue. The figures ar...
Tribeca Global Natural Resources Posts Estimated January NTA of $3.95 per Share Pre-Tax
Feb 2, 2026
Tribeca Global Natural Resources Limited has released an updated estimate of its net tangible asset backing per share as at 30 January 2026, reporting an indicative pre-tax NTA of $3.95 and a post-tax NTA of $3.41 based on 73.7 million shares on i...
Tribeca Global Natural Resources Posts Indicative NTA of $3.99 Per Share
Jan 27, 2026
Tribeca Global Natural Resources Limited has released an updated estimate of its net tangible asset (NTA) backing per share as at 23 January 2026, reporting an unaudited pre-tax NTA of $3.99 and post-tax NTA of $3.44 based on 73.7 million shares o...
Tribeca Global Natural Resources Posts Indicative Mid-January NTA Update
Jan 19, 2026
Tribeca Global Natural Resources Limited has reported an estimated net tangible asset (NTA) backing per ordinary share as at 16 January 2026 of $3.81 pre-tax and $3.32 post-tax, based on 73,693,826 shares on issue. The company stressed that these ...
Tribeca Global Natural Resources Delivers Record December as Resource Bets Outrun Benchmarks
Jan 16, 2026
Tribeca Global Natural Resources reported a sharp uplift in performance for December 2025, with post-tax net tangible assets per share rising to $3.07 and a record monthly post-tax return of 15.77%, taking its financial year-to-date return to 45.7...
Tribeca Global Natural Resources Posts Strong December NTA and 47.6% FYTD Return
Jan 14, 2026
Tribeca Global Natural Resources reported a strong uplift in its net tangible asset backing for December 2025, with an estimated pre-tax NTA of $3.49 per share and post-tax NTA of $3.11, against a share price of $2.43, suggesting the stock is trad...
Tribeca Global Natural Resources Posts Interim NTA Estimate for Early January
Jan 12, 2026
Tribeca Global Natural Resources Limited has released an update on its estimated net tangible asset backing per share as at 9 January 2026, reporting an indicative pre-tax NTA of $3.61 and a post-tax NTA of $3.18, based on 73,693,826 shares on iss...
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.