Tivan Limited (AU:TVN)
ASX:TVN
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Tivan Limited
(Sydney:TVN)
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Rating:43Neutral
Price Target:
AU$0.29
â–²(22.50% Upside)
Action:ReiteratedDate:03/10/26
The score is primarily held down by weak financial performance—ongoing losses and persistent cash burn—despite low leverage on the balance sheet. Technicals are mixed with near-term weakness versus 20D/50D but some longer-term improvement above 100D/200D. Valuation is constrained by unprofitability (negative P/E) and no provided dividend yield.
Positive Factors
Low leverage and meaningful equity base
A very low debt-to-equity ratio and a sizable equity base provide durable financial flexibility. This reduces near-term solvency risk, supports continued project development funding options, and improves the company's ability to withstand cyclical commodity cycles without imminent default risk.
Negative Factors
Persistent negative operating and free cash flow
Sustained negative operating and free cash flow is a durable structural weakness. Continued cash burn forces reliance on external capital, risks dilution, and constrains the ability to fully fund project development, making long-term execution dependent on capital markets or partners.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and meaningful equity base
A very low debt-to-equity ratio and a sizable equity base provide durable financial flexibility. This reduces near-term solvency risk, supports continued project development funding options, and improves the company's ability to withstand cyclical commodity cycles without imminent default risk.
Read all positive factors
Tivan Limited (TVN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$748.39M
Dividend YieldN/A
Average Volume (3M)3.34M
Price to Earnings (P/E)―
Beta (1Y)0.77
Revenue GrowthN/A
EPS Growth93.70%
CountryAU
Employees22
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,267,848,000
10 Day Avg. Volume2,643,957
30 Day Avg. Volume3,342,836
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)4.47
Price to Sales (P/S)2513.51
P/FCF Ratio-13.05
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
Tivan Limited Business Overview & Revenue Model
Company Description
Tivan Limited engages in the exploration, evaluation, and development of mineral properties in Australia. The company primarily explores for iron, vanadium, titanium, nickel, and cobalt deposits. Its flagship property is the Mount Peake project lo...
How the Company Makes Money
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Tivan Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
72
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -9.00K | 69.00K | 0.00 | 75.00K | 0.00 | 184.00K |
| Gross Profit | -91.00K | 69.00K | -523.00K | -405.00K | -342.00K | -147.00K |
| EBITDA | -9.06M | -7.18M | -62.44M | -6.59M | -4.54M | -2.56M |
| Net Income | -6.61M | -4.91M | -67.83M | -7.08M | -4.89M | -2.90M |
Balance Sheet | ||||||
| Total Assets | 72.04M | 43.74M | 27.65M | 81.52M | 73.40M | 66.12M |
| Cash, Cash Equivalents and Short-Term Investments | 11.92M | 6.46M | 378.00K | 1.30M | 14.64M | 12.03M |
| Total Debt | 844.00K | 666.00K | 3.57M | 212.00K | 111.00K | 253.00K |
| Total Liabilities | 13.44M | 4.96M | 13.82M | 9.59M | 2.55M | 2.84M |
| Stockholders Equity | 53.32M | 38.79M | 13.83M | 71.92M | 70.85M | 63.28M |
Cash Flow | ||||||
| Free Cash Flow | -14.76M | -13.29M | -8.71M | -12.38M | -8.61M | -9.16M |
| Operating Cash Flow | -4.74M | -4.74M | -4.32M | -4.79M | -3.26M | -2.15M |
| Investing Cash Flow | -16.91M | -13.71M | -8.31M | -8.28M | -5.38M | -7.02M |
| Financing Cash Flow | 30.98M | 24.53M | 11.71M | -76.00K | 11.65M | 11.98M |
Tivan Limited Technical Analysis
Neutral
0.24
Price Trends
0.38
Negative
0.32
Negative
0.22
Positive
Market Momentum
-0.02
Negative
45.20
Neutral
62.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TVN, the sentiment is Neutral. The current price of 0.24 is below the 20-day moving average (MA) of 0.32, below the 50-day MA of 0.38, and above the 200-day MA of 0.22, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 45.20 is Neutral, neither overbought nor oversold. The STOCH value of 62.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:TVN.
Tivan Limited 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% | |
47 Neutral | AU$140.23M | -14.15 | -19.34% | ― | ― | -10.08% | |
45 Neutral | AU$265.09M | -2.53 | -30.70% | ― | -62.37% | 23.19% | |
44 Neutral | AU$155.83M | -3.65 | -54.77% | ― | -52.90% | 61.27% | |
43 Neutral | AU$748.39M | -29.89 | -14.35% | ― | ― | 93.70% | |
42 Neutral | AU$37.75M | -25.46 | -107.26% | ― | ― | 63.36% | |
41 Neutral | AU$177.70M | -169.42 | -8.00% | ― | ― | 12.70% |
* Basic Materials Sector Average
AU:TVN
Tivan Limited
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Tivan Limited Corporate Events
Tivan seeks ASX quotation for additional ordinary shares
Mar 31, 2026
Tivan Limited has applied to the Australian Securities Exchange for quotation of 7,176 new ordinary fully paid shares. The newly issued TVN securities, dated 31 March 2026, appear to arise from the exercise or conversion of existing options or oth...
Tivan opens Kununurra office as Speewah fluorite project advances
Mar 31, 2026
Tivan Limited has established a new regional office in Kununurra to support the development of its Speewah Fluorite Project in Western Australia’s East Kimberley. Located on Coolibah Drive and due to become operational in April, the office w...
Tivan Seeks ASX Quotation for Additional 58,454 Shares
Mar 24, 2026
Tivan Limited has lodged an application with the ASX for quotation of an additional 58,454 ordinary fully paid shares under its TVN ticker. The new shares, issued on March 24, 2026 following the exercise or conversion of existing securities, will ...
Tivan’s Speewah Fluorite Project Flagged as Strategic Asset in Japan–U.S. Critical Minerals Push
Mar 22, 2026
Tivan Limited’s Speewah Fluorite Project in Western Australia has been named in a joint fact sheet issued by the Japanese and U.S. governments as a strategic initiative to bolster critical minerals supply chains. The project, backed by Sumit...
Tivan Flags Speewah Fluorite Project Feasibility Study as Strategic Priority
Mar 19, 2026
Tivan Limited has released an announcement dated 20 March 2026 concerning the Speewah Fluorite Project Feasibility Study, highlighting the project as a key focus within its portfolio. While detailed study results and operational specifics are not ...
Tivan Wins JV Backing and $5m Funding to Advance Speewah Fluorite Project
Mar 19, 2026
Tivan Limited has secured approval of the Feasibility Study for its Speewah Fluorite Project in Western Australia from Japan Fluorite Corporation, which represents joint venture partners Sumitomo Corporation and JOGMEC, as well as from the project...
Tivan Halts Trading Ahead of Speewah Fluorite Feasibility Update
Mar 17, 2026
Tivan Limited has requested and been granted a trading halt in its securities on the ASX, with the halt to remain in place until either the release of a pending announcement or the commencement of normal trading on 20 March 2026. The pause in trad...
Tivan Seeks ASX Quotation for 703,317 New Ordinary Shares
Mar 17, 2026
Tivan Limited has applied for quotation on the ASX of 703,317 new ordinary fully paid shares, with an issue date of March 17, 2026. The additional securities, arising from the exercise or conversion of existing instruments, modestly expand the com...
Tivan accelerates IPCM funding to advance Speewah Fluorite studies
Mar 12, 2026
Tivan Limited has secured an accelerated $3 million tranche of Australian government grant funding under the International Partnerships in Critical Minerals program for its Speewah Fluorite Project, bringing forward payment to August 2026. The var...
Tivan seeks ASX quotation for 798,848 new ordinary shares
Mar 10, 2026
Tivan Limited has applied to the Australian Securities Exchange for quotation of 798,848 additional ordinary fully paid shares under its ASX code TVN, with an issue date of March 10, 2026. The new shares, which arise from the exercise or conversio...
Tivan commits $1m to Indigenous community development in Central Australia
Mar 5, 2026
Tivan Limited has launched a landmark community development initiative with the Central Land Council in the Northern Territory, committing up to $1 million over four years to support Indigenous communities in the regions surrounding its Molyhil Tu...
Tivan Seeks ASX Quotation for Additional 2.1 Million Shares
Mar 3, 2026
Tivan Limited has applied to the Australian Securities Exchange for quotation of 2,091,700 new ordinary fully paid shares under its ASX code TVN, with an issue date of 3 March 2026. The modest increase in quoted securities slightly expands the com...
Tivan details interim report release and ASX-listed securities structure
Feb 27, 2026
Tivan Limited has released its interim consolidated financial report for the period ended 31 December 2025, outlining its current corporate structure and key governance arrangements. The announcement reiterates its ASX listings for both ordinary s...
Tivan Launches Facility to Streamline Exercise of TVNO Options
Feb 25, 2026
Tivan Limited has set up a dedicated facility to streamline the exercise of its listed TVNO options, which are exercisable at $0.30 and expire on 30 June 2026. The company has appointed share registry Computershare to manage the process, including...
Tivan Seeks ASX Quotation for Additional Fully Paid Shares
Feb 24, 2026
Tivan Limited has applied for quotation on the ASX of 100,682 new fully paid ordinary shares under the ticker TVN. The shares were issued on 24 February 2026 following the exercise or conversion of existing options or other convertible securities,...
Tivan Lodges Draft Feasibility Study for Speewah Fluorite Project with JV Partners
Feb 22, 2026
Tivan Limited has submitted a confidential draft feasibility study for its Speewah Fluorite Project in Western Australia to joint venture partners Sumitomo Corporation and JOGMEC, as well as strategic partner ETFS Capital. The study outlines plans...
Tivan hits ultra high-grade fluorite in maiden Sandover drilling
Feb 10, 2026
Tivan Limited has reported ultra high-grade assay results from its maiden diamond drilling program at the Sandover Fluorite Project in Australia’s Northern Territory, with all seven holes intersecting high-grade fluorite mineralisation. The ...
Tivan performance rights lapse trims potential equity dilution
Feb 10, 2026
Tivan Limited has notified the market of a change in its capital structure, confirming the lapse of 500,000 performance rights that were previously on issue. The rights ceased on 9 February 2026 after the conditions attached to them were not met o...
Tivan seeks ASX quotation for 730,103 new ordinary shares
Feb 9, 2026
Tivan Limited has applied to the ASX for quotation of 730,103 new ordinary fully paid shares, to be issued and quoted on 9 February 2026. The move reflects a routine corporate action involving the creation and listing of additional equity securiti...
Tivan Lifts Speewah Resource, Cementing Status as World-Class Fluorite Project
Feb 3, 2026
Tivan has reported an upgraded Mineral Resource Estimate for its Speewah Fluorite Project, confirming it as one of the largest high-grade fluorite resources globally and increasing confidence in the deposit through a substantial uplift in Indicate...
Tivan Seeks ASX Quotation for Additional Ordinary Shares
Feb 2, 2026
Tivan Limited has applied to the ASX for quotation of an additional 53,798 fully paid ordinary shares, issued on 2 February 2026. The modest increase in quoted securities reflects routine capital management activity rather than a transformative tr...
Tivan Strengthens Turiscai Copper-Gold Potential with New High-Grade Assays
Jan 27, 2026
Tivan Limited has reported a second batch of encouraging assay results from its ongoing surface sampling program at the Turiscai copper-gold project in Timor-Leste, with 111 rock chip samples returning grades of up to 2.18% copper, 4.79g/t gold an...
Tivan Secures Strategic Funding and Marks Key Milestones Across Critical Minerals Portfolio
Jan 20, 2026
Tivan Limited reported a quarter marked by substantial progress in de-risking and financing its flagship Speewah Fluorite Project in Western Australia, securing binding agreements with ETFS Capital for up to $51.3 million in project-level funding ...
Tivan Seeks ASX Quotation for Additional 19,225 Ordinary Shares
Jan 19, 2026
Tivan Limited has applied for quotation on the ASX of 19,225 new fully paid ordinary shares under its ticker code TVN. The modest share issuance, dated 19 January 2026, stems from the exercise or conversion of existing options or other convertible...
Investigator Silver Banks $750,000 as Molyhil Divestment to Tivan Completes
Jan 18, 2026
Investigator Silver Limited has completed the sale of its 25% interest in the Molyhil tungsten-molybdenum project in the Northern Territory to Tivan Limited, receiving a $750,000 completion payment and bringing total upfront cash proceeds to $875,...
Thor Energy Banks A$2.25m from Molyhil Sale to Fund Hydrogen and Copper Growth
Jan 18, 2026
Thor Energy has received a A$2.25 million cash completion payment from Tivan Limited for the sale of its interest in the FRAM Joint Venture, which holds the Molyhil tungsten, molybdenum and copper project in Australia, following satisfaction of al...
Tivan Finalises Molyhil Acquisition and Accelerates Development of Critical Minerals Project
Jan 18, 2026
Tivan Limited has completed the acquisition of 100% of the Molyhil Tungsten-Molybdenum Project in the Northern Territory, consolidating ownership of the tenements and associated mineral rights for $8.75 million in a mix of upfront and deferred cas...
Tivan Releases Replay of Investor Briefing on Year-Ahead Outlook
Jan 15, 2026
Tivan Limited has announced that Executive Chairman Grant Wilson recently hosted an online investor briefing outlining the company’s outlook for the year ahead, with a replay of the session now available for stakeholders. The board-approved ...
Tivan to Outline 2026 Outlook in Online Investor Briefing
Jan 15, 2026
Tivan Limited has announced that its Executive Chairman, Grant Wilson, will host an online investor briefing today to present the company’s outlook for the year ahead. The session, scheduled for 4:30pm AEDT on 15 January 2026 and accompanied...
Tivan to Host Online Investor Briefing on 2026 Outlook
Jan 15, 2026
Tivan Limited (ASX: TVN) has announced that its Executive Chairman, Grant Wilson, will host an online investor briefing on 15 January 2026 to present the company’s outlook for the year ahead. The session, scheduled for 4:30pm AEDT and suppor...
Tivan Secures $0.87m R&D Tax Rebate for Speewah Critical Minerals Work
Jan 14, 2026
Tivan Limited has received a $0.87 million cash refundable tax offset under the Australian Government’s Research and Development Tax Incentive program for eligible RD activities undertaken in FY25. The rebate, calculated at 43.5 cents per el...
Tivan Seeks ASX Quotation for Over 7 Million New Shares
Jan 14, 2026
Tivan Limited has applied to the ASX for quotation of 7,022,372 new fully paid ordinary shares, to be traded under its existing ticker code TVN. The new securities, issued on 14 January 2026 following the exercise or conversion of existing options...
Tivan Options Lapse, Trimming Potential Share Dilution
Jan 13, 2026
Tivan Limited has notified the ASX that a series of employee or performance-related options over its shares have lapsed, following the non-satisfaction of the conditions attached to those rights. The cessation covers three tranches of options, eac...
Tivan Seeks ASX Quotation for 6.1 Million New Options
Jan 13, 2026
Tivan Limited has lodged an application with the ASX for quotation of 6,124,998 options (ASX code TVNO) expiring on 30 June 2026, with the issue dated 13 January 2026. The new quotation follows shareholder approval at the company’s annual ge...
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.