VHM Limited (AU:VHM)
ASX:VHM
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VHM Limited
(Sydney:VHM)
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Rating:44Neutral
Price Target:
AU$0.25
▼(-41.19% Downside)
Action:ReiteratedDate:04/24/26
The score is driven primarily by weak financial performance (ongoing losses and negative cash flows) and bearish technicals (price below major moving averages with negative MACD). Valuation provides limited support because the company is unprofitable and no dividend yield is available.
Positive Factors
Conservative leverage / strong balance sheet base
Relatively low leverage provides durable financial flexibility: it reduces refinancing and default risk, lets the firm absorb operating shortfalls, and preserves options to fund working capital or strategic initiatives without immediate external capital, supporting stability over months.
Negative Factors
Persistent unprofitability / negative net margins
Sustained negative net margins demonstrate the business is not covering total costs and is eroding equity. Over 2-6 months this limits reinvestment capacity, raises dependence on external capital, and indicates structural operational issues that must be fixed to achieve durable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage / strong balance sheet base
Relatively low leverage provides durable financial flexibility: it reduces refinancing and default risk, lets the firm absorb operating shortfalls, and preserves options to fund working capital or strategic initiatives without immediate external capital, supporting stability over months.
Read all positive factors
VHM Limited (VHM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$74.56M
Dividend YieldN/A
Average Volume (3M)647.42K
Price to Earnings (P/E)―
Beta (1Y)1.57
Revenue GrowthN/A
EPS Growth16.52%
CountryAU
Employees28
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding292,381,130
10 Day Avg. Volume1,382,492
30 Day Avg. Volume647,422
Financial Highlights & Ratios
PEG Ratio0.43
Price to Book (P/B)0.72
Price to Sales (P/S)9207.46
P/FCF Ratio-4.71
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
VHM Limited Business Overview & Revenue Model
Company Description
VHM Limited engages in the exploration and development of mineral properties in Australia. The company's flagship project is the Goschen rare earth mineral and mineral sands project covering 2,860 km2 located in Victoria, Australia. It also operat...
How the Company Makes Money
null...
VHM Limited Financial Statement Overview
Summary
Income Statement
15
Very Negative
Balance Sheet
40
Negative
Cash Flow
20
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.00K | 5.00K | 23.00K | 110.00K | 0.00 | 0.00 |
| Gross Profit | -203.00K | 5.00K | 23.00K | -169.00K | -125.75K | -153.59K |
| EBITDA | -5.68M | -5.46M | -5.72M | -13.18M | -6.59M | -5.17M |
| Net Income | -6.38M | -6.43M | -7.15M | -17.92M | -9.15M | -6.59M |
Balance Sheet | ||||||
| Total Assets | 82.14M | 74.45M | 70.09M | 78.77M | 63.26M | 38.99M |
| Cash, Cash Equivalents and Short-Term Investments | 13.21M | 8.10M | 6.25M | 20.65M | 24.37M | 10.87M |
| Total Debt | 8.33M | 1.63M | 767.00K | 1.02M | 34.42M | 4.16M |
| Total Liabilities | 8.72M | 10.31M | 11.71M | 14.01M | 45.91M | 14.71M |
| Stockholders Equity | 73.42M | 64.14M | 58.38M | 64.76M | 17.34M | 24.28M |
Cash Flow | ||||||
| Free Cash Flow | -11.20M | -9.78M | -14.62M | -34.53M | -16.53M | -9.04M |
| Operating Cash Flow | -5.35M | -5.19M | -5.65M | -12.01M | -3.99M | -4.34M |
| Investing Cash Flow | -4.50M | -4.59M | -7.74M | -20.19M | -10.40M | -2.13M |
| Financing Cash Flow | 19.16M | 11.85M | -1.01M | 26.96M | 27.88M | 17.02M |
VHM Limited Technical Analysis
Negative
0.42
Price Trends
0.37
Negative
0.39
Negative
0.35
Negative
Market Momentum
-0.01
Negative
43.40
Neutral
31.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:VHM, the sentiment is Negative. The current price of 0.42 is above the 20-day moving average (MA) of 0.32, above the 50-day MA of 0.37, and above the 200-day MA of 0.35, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 43.40 is Neutral, neither overbought nor oversold. The STOCH value of 31.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:VHM.
VHM 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% | |
51 Neutral | AU$40.06M | -3.39 | -8.26% | ― | ― | 78.30% | |
50 Neutral | AU$489.12M | 0.05 | 154.06% | ― | ― | 66.10% | |
47 Neutral | AU$404.94M | -13.41 | -22.74% | ― | ― | -43.08% | |
45 Neutral | AU$114.50M | -21.61 | -10.82% | ― | ― | -166.67% | |
45 Neutral | AU$10.98M | 1.76 | 12.98% | ― | ― | -100.21% | |
44 Neutral | AU$74.56M | -8.97 | -9.28% | ― | ― | 16.52% |
* Basic Materials Sector Average
AU:VHM
VHM Limited
0.26
-0.03
-12.07%
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VHM Limited Corporate Events
VHM Seeks ASX Quotation for 19.2 Million New Shares
Apr 23, 2026
VHM Limited has applied to the ASX for quotation of 19,230,769 new ordinary fully paid shares. The new securities, which are being issued following previously announced transactions, are scheduled to be quoted from April 27, 2026, expanding the co...
VHM Raises A$5m to Accelerate Goschen Critical Minerals Project
Apr 22, 2026
VHM Limited has raised A$5 million through a fully underwritten institutional placement of approximately 19.2 million new shares at A$0.26 each, representing a discount to recent trading prices but attracting support from existing and new institut...
VHM Limited Plans Equity Placement of Up to 19.2 Million Shares
Apr 21, 2026
VHM Limited has notified the ASX of a proposed equity placement involving up to 19,230,769 ordinary fully paid shares, with the new securities expected to be issued on 27 April 2026. The move signals a forthcoming capital raise that may affect the...
VHM launches A$5m placement to advance Goschen rare earths project
Apr 21, 2026
VHM Limited has launched a fully underwritten institutional placement to raise A$5.0 million at A$0.26 per share, issuing about 19.2 million new shares at a discount to recent trading prices. The proceeds will fund early engineering and long‑...
VHM Shares Halted Pending Equity Capital Raising Announcement
Apr 21, 2026
VHM Limited has requested and been granted a trading halt on its shares by the ASX, with the suspension to remain in place until either the outcome of a proposed equity capital raising is announced or normal trading resumes on 22 April 2026. The m...
VHM Fast-Tracks Goschen Project as It Targets 5Mtpa Rare Earths Production
Apr 20, 2026
VHM Limited has intensified development of its Goschen Project in northwest Victoria, securing key approvals including a Biodiversity Management Plan and Design Management Document, and confirming it is fully permitted to mine. The board has appro...
VHM fast-tracks full-scale development of Goschen rare earths project
Mar 22, 2026
VHM Limited will advance its fully permitted Goschen Rare Earths and Mineral Sands Project at the maximum 5 million tonnes per annum capacity, abandoning a previously planned staged ramp-up from 1.5Mtpa. The move capitalises on a strong approvals ...
VHM Issues Over 2 Million Unquoted Performance Rights Under Incentive Scheme
Mar 22, 2026
VHM Limited has notified the market of the issue of 2,095,744 unquoted performance rights under its employee incentive scheme, effective 23 March 2026. The new performance rights, which are not intended to be quoted on the ASX, underscore the comp...
VHM Limited Releases 2026 Half-Year Financial Report
Mar 4, 2026
VHM Limited has issued its 2026 half-year financial report for the period ending 31 December 2025, outlining the company’s profit or loss, financial position, cash flows, and changes in equity. The release signals ongoing compliance with rep...
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.