Want to see AU:VUL full AI Analyst Report?
Top Page
Vulcan Energy Resources Ltd.
(Sydney:VUL)
Select Model
Select Model
Rating:43Neutral
Price Target:
AU$4.50
▲(73.75% Upside)
Action:N/A
Date:12/19/25
Vulcan Energy Resources Ltd. is facing significant financial and operational challenges, as reflected in its declining revenues and negative profitability metrics. The technical indicators suggest bearish momentum, and the valuation metrics are unattractive due to negative earnings and lack of dividends. These factors contribute to a low overall stock score.
Positive Factors
Sustainable extraction tech
Vulcan’s geothermal lithium extraction is a durable competitive advantage: it lowers lifecycle emissions and can meet OEMs’ growing ESG sourcing requirements. This structural differentiation supports long-term supply contracts and premium market access as decarbonization policies advance.
Negative Factors
Negative profit margins
Persistent negative EBIT and net margins indicate the company is not operationally profitable, likely due to high operating costs. Over months, this undermines self-funding for scaling, increases reliance on external capital, and raises execution risk for commercial production targets.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustainable extraction tech
Vulcan’s geothermal lithium extraction is a durable competitive advantage: it lowers lifecycle emissions and can meet OEMs’ growing ESG sourcing requirements. This structural differentiation supports long-term supply contracts and premium market access as decarbonization policies advance.
Read all positive factors
Vulcan Energy Resources Ltd. (VUL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.13B
Dividend YieldN/A
Average Volume (3M)1.91M
Price to Earnings (P/E)―
Beta (1Y)1.72
Revenue Growth-3.54%
EPS Growth-49.86%
CountryAU
Employees371
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.23
Shares Outstanding442,256,470
10 Day Avg. Volume1,789,960
30 Day Avg. Volume1,908,708
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)1.65
Price to Sales (P/S)28.12
P/FCF Ratio-5.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$7.27Price Target Upside180.65% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.05
Revenue Forecast (FY)AU$7.00M
Vulcan Energy Resources Ltd. Business Overview & Revenue Model
Company Description
Vulcan Energy Resources Ltd. operates as a lithium producer with net zero greenhouse gas emissions. Its Zero Carbon Lithium project intends to produce a battery-quality lithium hydroxide chemical product from its combined geothermal energy and lit...
How the Company Makes Money
Vulcan Energy Resources generates revenue primarily through the production and sale of lithium hydroxide to battery manufacturers and electric vehicle producers. The company employs a unique geothermal lithium extraction process that not only mini...
Vulcan Energy Resources Ltd. Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2025 | Dec 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.68M | 20.68M | 6.78M | 12.10M | ― | 7.50M |
| Gross Profit | 19.93M | 19.93M | 4.19M | 7.06M | ― | 4.98M |
| EBITDA | -37.59M | -37.59M | -47.82M | -20.79M | -13.88M | -17.13M |
| Net Income | -42.36M | -42.36M | -26.96M | -26.02M | -12.39M | -18.85M |
Balance Sheet | ||||||
| Total Assets | 381.03M | 381.03M | 296.88M | 393.65M | 0.00 | 261.14M |
| Cash, Cash Equivalents and Short-Term Investments | 97.05M | 97.05M | 78.73M | 211.05M | 175.42M | 175.42M |
| Total Debt | 3.85M | 3.85M | 4.41M | 5.22M | 3.00M | 3.00M |
| Total Liabilities | 29.48M | 29.48M | 28.60M | 26.71M | 0.00 | 13.82M |
| Stockholders Equity | 351.53M | 351.53M | 268.28M | 366.94M | 247.32M | 247.32M |
Cash Flow | ||||||
| Free Cash Flow | -100.99M | -100.99M | -118.06M | -57.52M | -28.60M | -27.51M |
| Operating Cash Flow | -30.68M | -30.68M | -24.56M | -11.25M | -7.46M | -7.17M |
| Investing Cash Flow | -75.98M | -75.98M | -93.32M | -48.16M | -42.29M | -40.67M |
| Financing Cash Flow | 125.15M | 125.15M | 63.34M | -700.41K | 113.07M | 108.74M |
Vulcan Energy Resources Ltd. Technical Analysis
Negative
2.59
Price Trends
3.05
Negative
3.29
Negative
3.84
Negative
Market Momentum
-0.08
Negative
53.94
Neutral
87.90
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:VUL, the sentiment is Negative. The current price of 2.59 is below the 20-day moving average (MA) of 2.68, below the 50-day MA of 3.05, and below the 200-day MA of 3.84, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 53.94 is Neutral, neither overbought nor oversold. The STOCH value of 87.90 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:VUL.
Vulcan Energy Resources Ltd. 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% | |
48 Neutral | AU$25.79M | -13.10 | -15.81% | ― | ― | 11.07% | |
46 Neutral | AU$1.43B | -3.02 | -20.78% | ― | 2.01% | -37.12% | |
45 Neutral | AU$1.05B | -22.24 | -46.34% | ― | ― | -52.62% | |
43 Neutral | AU$1.13B | -5.17 | -8.07% | ― | -3.54% | -49.86% | |
43 Neutral | AU$1.31B | -33.12 | -33.71% | ― | 35.51% | 63.30% | |
42 Neutral | AU$1.34B | -70.24 | -14.75% | ― | ― | 20.35% |
* Basic Materials Sector Average
AU:VUL
Vulcan Energy Resources Ltd.
2.86
-0.50
-14.75%
AU:ELV
Elevra Lithium
8.38
4.18
99.52%
AU:EQR
EQ Resources Limited
0.31
0.27
797.06%
AU:MI6
Minerals 260 Limited
0.76
0.64
533.33%
AU:HTM
High-Tech Metals Limited
0.24
0.03
17.50%
AU:BRE
Brazilian Rare Earths Ltd.
4.35
2.14
97.10%
Vulcan Energy Resources Ltd. Corporate Events
Vulcan Energy underscores risks, limits liability in latest corporate presentation
Jul 28, 2026
Vulcan Energy Resources has released a corporate presentation that outlines the limitations of its liability, clarifies that the material does not constitute investment, legal or tax advice, and emphasises the need for prospective investors to see...
Vulcan Energy Burns Cash as Lionheart Development Accelerates
Jul 28, 2026
Vulcan Energy Resources reported a net cash outflow from operating activities of €7.4 million for the June quarter, reflecting ongoing development, production, staff and corporate costs that outweighed customer receipts and other income. The...
Vulcan Energy Secures Lionheart Financing as Construction Accelerates in Germany
Jul 28, 2026
Vulcan Energy Resources has reached financial close on its €2.2 billion Phase One financing package for Project Lionheart, a major de-risking milestone that secures funding for its integrated lithium and renewable energy development in Germa...
Vulcan Energy Performance Rights Lapse, Trimming Future Share Dilution
Jul 28, 2026
Vulcan Energy Resources has notified the market that 134,225 performance rights, designated as VULAC, have lapsed after conditions attached to these rights were not met or became incapable of being satisfied. The cessation of these conditional sec...
Vulcan Energy Director Updates Performance Rights Holding
Jul 28, 2026
Vulcan Energy Resources has reported a change in the indirect interests of director Cristobal Moreno, reflecting adjustments to his performance rights held through the C Moreno Family A/C, where he is a beneficiary. Following the vesting of 18,725...
Vulcan Energy secures first strategic funding tranche for Lionheart project
Jul 14, 2026
Vulcan Energy has received its first tranche of strategic equity funding under a €2.2bn financing package for the Lionheart lithium and geothermal project, after achieving financial close in late May. The company says the initial drawdown, a...
Vulcan Energy Director Felicity Gooding Receives New Equity Incentives
Jun 24, 2026
Vulcan Energy Resources disclosed a change in director Felicity Gooding’s indirect interests, following the issue of additional performance rights approved by shareholders. Gooding, through Gooding Murphy Pty Ltd as trustee of her family tru...
Vulcan Energy boosts director Moreno’s stake with new performance rights grant
Jun 24, 2026
Vulcan Energy Resources has updated the market on a change in director Cristobal Moreno’s indirect interests, reflecting an issue of additional performance rights approved by shareholders. Moreno, through the C Moreno Family Account, receive...
Vulcan Energy Issues Over 650,000 New Performance Rights
Jun 24, 2026
Vulcan Energy Resources Ltd. has notified the market of the issuance of 652,199 unquoted performance rights, recorded under ASX security code VULAC. The new performance rights were issued on June 24, 2026, expanding the company’s pool of equ...
Vulcan Energy Updates Director Francis Wedin’s Shareholding After Performance Rights Conversion
Jun 4, 2026
Vulcan Energy Resources has reported a change in the equity interests of Managing Director Dr Francis Wedin, reflecting the conversion of vested performance rights into ordinary shares. Following this conversion, Wedin’s total holding increa...
Vulcan Energy Director Increases Net Equity Position After Performance Rights Vesting
Jun 4, 2026
Vulcan Energy Resources has reported a change in the holdings of director Cristobal Moreno, following the conversion of vested performance rights into 134,710 new shares and the transfer of 566,317 performance rights into a family account of which...
Vulcan Energy Director Increases Shareholding via Performance Rights Conversion
Jun 4, 2026
Vulcan Energy Resources Limited has reported a change in the holdings of director Dr Günter Hilken following the conversion of vested performance rights into ordinary shares. The transaction increased his direct holding from 14,491 to 19,237 ...
Vulcan Energy Issues Shares on Performance Right Conversions as Lionheart Build Advances
Jun 1, 2026
Vulcan Energy Resources has issued 757,423 fully paid ordinary shares following the conversion of employee and director performance rights, expanding its share base without a disclosure document under Australia’s fundraising regime. The comp...
Vulcan Energy Adds 757,423 New Shares to ASX Listing
Jun 1, 2026
Vulcan Energy Resources has applied to the ASX for quotation of 757,423 new ordinary fully paid shares, effective 1 June 2026. The issuance of these additional securities, arising from the exercise or conversion of existing options or other conver...
Vulcan Energy shareholders back board, executive pay changes at AGM
May 28, 2026
Vulcan Energy Resources reported the results of shareholder votes at its latest annual general meeting, where all resolutions were decided by poll. Investors backed the re-election of directors, endorsed new board appointments and approved changes...
Vulcan Energy underscores investment risks and reporting standards in AGM materials
May 28, 2026
Vulcan Energy Resources used its Annual General Meeting materials to reiterate comprehensive disclaimers around its investor presentation, stressing that the information provided does not constitute financial, legal or tax advice and should not be...
Vulcan Energy Reaches Financial Close on €2.2bn Lionheart Lithium-Energy Project
May 27, 2026
Vulcan Energy has reached financial close on its funding package for the €2.2bn Lionheart Project, the first phase of its integrated lithium and renewable energy development in the Upper Rhine Valley. Lionheart aims to produce 24,000 tonnes ...
Vulcan Energy Performance Rights Lapse Alters Equity Incentive Pool
May 7, 2026
Vulcan Energy Resources has reported the lapse of 79,297 performance rights, which ceased on 1 May 2026 because the conditions attached to those rights were not met or became incapable of being satisfied. The cessation of these conditional rights ...
Vulcan Energy Presentation Emphasises Disclaimers and Reporting Standards
Apr 30, 2026
Vulcan Energy Resources has released a corporate presentation that is heavily framed by legal disclaimers outlining the limits of liability and clarifying that the material does not constitute investment, financial, legal, tax or other professiona...
Vulcan Energy Accelerates Lionheart Build-Out as Financing and Permits Fall Into Place
Apr 29, 2026
Vulcan Energy reported strong progress on its Lionheart Project in the March quarter, following the securing of a €2.2 billion financing package. Lionheart aims to produce 24,000 tonnes of lithium hydroxide annually plus significant renewabl...
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.