VHM Limited (AU:VHM)
ASX:VHM
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VHM Limited
(Sydney:VHM)
Select Model
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Rating:43Neutral
Price Target:
AU$0.29
▼(-30.00% Downside)
Action:ReiteratedDate:03/25/26
The score is primarily weighed down by weak financial performance—persistent losses and negative operating/free cash flow—despite low leverage. Technicals also remain bearish with the stock trading below major moving averages, while valuation signals are constrained by negative earnings and no stated dividend yield.
Positive Factors
Conservative leverage
A relatively low debt-to-equity ratio and stable equity base provide the company with financial flexibility to endure operational shortfalls and avoid immediate refinancing risk. Over 2–6 months this preserves optionality for restructuring, targeted investment, or bridging financing while management works on profitability.
Negative Factors
Negative cash flow trends
Persistent negative operating and free cash flows constrain the firm's ability to self-fund operations, capital expenditures, or growth. Over several months this increases reliance on external financing, raises refinancing and dilution risk, and limits room for strategic investments that could drive sustainable margin recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
A relatively low debt-to-equity ratio and stable equity base provide the company with financial flexibility to endure operational shortfalls and avoid immediate refinancing risk. Over 2–6 months this preserves optionality for restructuring, targeted investment, or bridging financing while management works on profitability.
Read all positive factors
VHM Limited (VHM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$90.64M
Dividend YieldN/A
Average Volume (3M)647.42K
Price to Earnings (P/E)―
Beta (1Y)1.67
Revenue GrowthN/A
EPS Growth16.52%
CountryAU
EmployeesN/A
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
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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
0.41
Negative
0.42
Negative
0.34
Negative
Market Momentum
-0.03
Positive
36.58
Neutral
36.51
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 0.36, above the 50-day MA of 0.41, and above the 200-day MA of 0.34, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 36.58 is Neutral, neither overbought nor oversold. The STOCH value of 36.51 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% | |
50 Neutral | AU$374.01M | 0.05 | 154.06% | ― | ― | 66.10% | |
48 Neutral | AU$43.80M | -3.39 | -8.26% | ― | ― | 78.30% | |
47 Neutral | AU$349.09M | -13.41 | -22.74% | ― | ― | -43.08% | |
45 Neutral | AU$101.56M | -21.61 | -10.82% | ― | ― | -166.67% | |
45 Neutral | AU$10.49M | 1.76 | 12.98% | ― | ― | -100.21% | |
43 Neutral | AU$90.64M | -8.97 | -9.28% | ― | ― | 16.52% |
* Basic Materials Sector Average
AU:VHM
VHM Limited
0.31
0.05
19.23%
AU:EUR
European Lithium
0.22
0.18
437.50%
AU:AGR
Aguia Resources Limited
0.02
-0.03
-53.19%
AU:DRE
Dreadnought Resources Limited
0.02
<0.01
38.46%
AU:TGN
Tungsten Mining NL
0.25
0.16
177.78%
AU:MHK
Metal Hawk Ltd.
0.09
-0.32
-79.27%
VHM Limited Corporate Events
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...
VHM Ends Shenghe Offtake Deal and Brings in Macquarie to Recast Goschen Sales Strategy
Jan 11, 2026
VHM Limited has terminated its previously announced offtake agreement with Shenghe Resources after unmet conditions precedent, freeing up 100% of rare earths concentrate from its Goschen project for new offtake arrangements. The company has appoin...
VHM Limited Issues 500,000 Unquoted Performance Rights Under Employee Incentive Scheme
Jan 6, 2026
VHM Limited has issued 500,000 unquoted performance rights under its employee incentive scheme, with the securities not intended to be quoted on the ASX. The move indicates the company is continuing to use equity-based incentives to align staff an...
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.