Thorney Opportunities Ltd. (TOP) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 4.05%
• Average Volume (3M): 95.09K
• Price to Earnings (P/E): 4.4
• Beta (1Y): 0.47
• Revenue Growth: -65.70%
• EPS Growth: -73.75%
• Country: AU
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.04
• Shares Outstanding: 169,970,210
• 10 Day Avg. Volume: 49,823
• 30 Day Avg. Volume: 95,090
• PEG Ratio: -0.17
• Price to Book (P/B): 0.71
• Price to Sales (P/S): 6.37
• P/FCF Ratio: 5.94
• 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: 69 Neutral
• Price Target: AU$0.56 ▼(-18.26% Downside)
• Action: Downgraded Date: 12/30/25
• Date: Action: Downgraded 12/30/25

Overall score is driven by strong financial stability (no debt and generally solid cash generation) but held back by volatile earnings/revenue performance. Technical signals are neutral-to-soft, while valuation is reasonable with a moderate P/E and a ~4% dividend yield.

Positive Factors

Balance Sheet Strength

Zero debt provides durable financial flexibility for an investment company: it lowers solvency risk, preserves capacity to hold positions through market stress, enables opportunistic buying or shareholder returns, and reduces refinancing or interest-rate exposure over the medium term.

Negative Factors

Revenue Volatility

A large revenue drop in 2025 indicates that investment returns and reported income can swing substantially year-to-year, which undermines predictability of NAV growth and distributable earnings, complicating planning for payouts and investor expectations over the medium term.

Thorney Opportunities Ltd. Business Overview & Revenue Model

Company Description

Thorney Opportunities Ltd. (TOP) is an investment company based in Australia that focuses on investing in a diverse portfolio of Australian equities. The company primarily targets small to mid-cap companies across various sectors, including techno...

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Thorney Opportunities Ltd. (TOP) is an investment company based in Australia that focuses on investing in a diverse portfolio of Australian equities. The company primarily targets small to mid-cap companies across various sectors, including techno...

How the Company Makes Money

TOP makes money primarily from investment returns generated by its portfolio. Key sources include: (1) Dividend and distribution income: cash dividends from equity holdings and distributions from other investment vehicles held in the portfolio. (2...

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TOP makes money primarily from investment returns generated by its portfolio. Key sources include: (1) Dividend and distribution income: cash dividends from equity holdings and distributions from other investment vehicles held in the portfolio. (2...

Thorney Opportunities Ltd. Financial Statement Overview

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	27.07M	17.52M	57.51M	13.23M	-3.01M	33.00M
Gross Profit	23.85M	17.52M	57.51M	15.56M	-5.40M	38.81M
EBITDA	22.82M	14.11M	-12.00	-7.00	0.00	0.00
Net Income	16.16M	8.54M	35.03M	10.86M	-3.72M	22.53M
Balance Sheet
Total Assets	184.04M	179.90M	185.82M	138.33M	132.50M	151.37M
Cash, Cash Equivalents and Short-Term Investments	161.36M	152.60M	157.40M	100.87M	94.25M	128.02M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	24.49M	21.80M	26.58M	5.27M	3.20M	11.88M
Stockholders Equity	159.55M	158.09M	159.24M	133.06M	129.30M	139.49M
Cash Flow
Free Cash Flow	12.78M	18.78M	28.31M	7.94M	2.64M	-55.99K
Operating Cash Flow	12.78M	18.78M	28.31M	7.94M	2.64M	-55.99K
Investing Cash Flow	-7.80K	-28.26K	0.00	0.00	4.60M	1.17M
Financing Cash Flow	-10.49M	-9.69M	-8.84M	-7.11M	-6.46M	-4.96M

Thorney Opportunities Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.69
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TOP, the sentiment is Negative. The current price of 0.69 is above the 20-day moving average (MA) of 0.57, above the 50-day MA of 0.62, and above the 200-day MA of 0.64, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 21.93 is Positive, neither overbought nor oversold. The STOCH value of 12.82 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TOP.

Thorney Opportunities Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAM	72 Outperform	AU$58.79M	2.97	35.99%	6.39%	22.67%	19.47%
TOP	69 Neutral	―	4.41	10.18%	4.05%	-65.70%	-73.75%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SB2	61 Neutral	AU$52.13M	19.67	3.43%	6.89%	30.36%	-31.47%
LCE	54 Neutral	AU$26.98M	38.35	1.46%	2.94%	38.32%	―
IPC	54 Neutral	AU$9.79M	18.32	1.01%	3.50%	-50.00%	-52.07%
CIW	53 Neutral	AU$27.20M	46.88	4.11%	2.03%	18.17%	―

Thorney Opportunities Ltd. Corporate Events