Brockman Mining Ltd. (0159) AI Stock Analysis

• Market Cap: HK$825.94M
• Dividend Yield: N/A
• Average Volume (3M): 280.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.29
• Revenue Growth: N/A
• EPS Growth: -164.29%
• Country: HK
• Employees: 14
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 9,280,232,000
• 10 Day Avg. Volume: 292,400
• 30 Day Avg. Volume: 280,000
• PEG Ratio: 249.29
• Price to Book (P/B): 1.89
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -46.23
• 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: 41 Neutral
• Price Target: HK$0.09 ▼(-21.82% Downside)

The score is held down primarily by weak financial performance (no revenue, ongoing net losses, and persistent cash burn). Technicals are also soft with the stock trading below key moving averages and a negative MACD, while valuation support is limited due to a negative P/E and no dividend yield data.

Positive Factors

Manageable Leverage

The company's low debt-to-equity ratio indicates a manageable leverage position, providing some financial stability and flexibility despite ongoing losses.

Strategic Developments

Continued focus on strategic developments suggests the company is actively working on enhancing its operational capabilities, which could improve long-term prospects.

Substantial Equity

Maintaining substantial equity provides a buffer against financial instability, allowing the company to potentially weather ongoing operational challenges.

Negative Factors

No Revenue

The absence of revenue generation is a significant concern, as it indicates a lack of operational income, making the company reliant on external funding or equity for survival.

Persistent Net Losses

Ongoing net losses highlight operational inefficiencies and a lack of profitability, which could threaten long-term viability if not addressed.

Consistent Cash Burn

Consistent negative cash flow indicates unsustainable operations, increasing reliance on financing and risking future financial health if not corrected.

Brockman Mining Ltd. Business Overview & Revenue Model

Company Description

Brockman Mining Limited, an investment holding company, engages in the acquisition, exploration, and development of iron ore mining projects in Australia. Its flagship project is the Marillana iron ore project that covers an area of 82 square kilometers located in the Pilbara region of Western Australia. The company also owns a 100% interest in the Ophthalmia iron ore project located in the East Pilbara region of Western Australia. The company was formerly known as Wah Nam International Holdings Limited and changed its name to Brockman Mining Limited in September 2012. Brockman Mining Limited is headquartered in Admiralty, Hong Kong.

How the Company Makes Money

Brockman Mining Ltd. generates revenue primarily through the exploration, development, and eventual sale of iron ore. The company's revenue model is reliant on successfully extracting and selling iron ore from its mining projects, particularly the Marillana Iron Ore Project. Key revenue streams include the direct sale of iron ore to international markets, particularly in Asia where demand is high. Additionally, Brockman Mining Ltd. may engage in partnerships or joint ventures with other mining companies to optimize resource extraction and expand its market reach. Factors contributing to its earnings include global iron ore prices, demand from major steel-producing countries, and efficient operational management of its mining assets.

Brockman Mining Ltd. Financial Statement Overview

Summary

Income statement and cash flow are very weak: no reported revenue, recurring net losses, and consistently negative operating/free cash flow. The balance sheet shows relatively manageable leverage and still-meaningful equity, but equity has trended down and continued cash burn is a material risk.

Income Statement

The company reports no revenue across the annual periods provided, and profitability remains weak with persistent net losses (2025: -34.6M; 2024: -13.4M; 2023: -56.6M). Losses have narrowed versus the 2023 trough, but the business still shows negative gross profit and no clear path to sustainable operating profitability based on the available data.

Balance Sheet

Leverage appears manageable, with debt-to-equity staying relatively low (~0.09–0.20) and equity still substantial (2025: 456.4M). However, equity has trended down from prior years (e.g., 645.7M in 2021), and returns remain negative, indicating the balance sheet is supporting an unprofitable operating profile and could weaken further if losses persist.

Cash Flow

Cash generation is a key concern: operating cash flow and free cash flow are consistently negative (2025 operating cash flow: -18.6M; free cash flow: -18.6M), indicating ongoing cash burn. While the cash burn is fairly steady year-to-year, there is no evidence of self-funding operations, increasing dependence on financing or balance-sheet resources over time.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-365.00K	-365.00K	-370.00K	-563.00K	-708.00K	-526.00K
EBITDA	-12.39M	-20.50K	-12.30M	-65.94M	-26.41M	-22.23M
Net Income	-19.49M	-34.61K	-13.36M	-56.56M	-20.81M	-14.17M
Balance Sheet
Total Assets	704.76M	704.76M	713.30M	724.81M	765.23M	834.17M
Cash, Cash Equivalents and Short-Term Investments	5.27M	5.27M	4.56M	16.50M	28.80M	45.67M
Total Debt	92.73M	92.73M	76.62M	65.73M	52.49M	59.18M
Total Liabilities	248.35M	248.35M	214.78M	213.60M	175.09M	188.47M
Stockholders Equity	456.41M	456.41M	498.52M	511.21M	590.14M	645.70M
Cash Flow
Free Cash Flow	-18.61K	-18.61M	-19.21M	-19.25M	-20.22M	-19.86M
Operating Cash Flow	-18.58K	-18.58M	-19.20M	-19.24M	-20.17M	-19.84M
Investing Cash Flow	2.62M	2.71M	1.56M	82.00K	-165.00K	-111.00K
Financing Cash Flow	16.77M	16.77M	5.84M	7.61M	5.15M	28.57M

Brockman Mining Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.11
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0159, the sentiment is Negative. The current price of 0.11 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.09, and above the 200-day MA of 0.11, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.97 is Neutral, neither overbought nor oversold. The STOCH value of 41.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0159.

Brockman Mining Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3939	70 Outperform	HK$55.10B	54.44	36.46%	1.32%	31.24%	58.16%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
1370	51 Neutral	HK$490.60M	-1.44	-41.19%	―	-6.51%	41.00%
1091	44 Neutral	HK$2.25B	-3.90	-14.35%	―	-31.35%	-71.37%
0159	41 Neutral	HK$825.94M	-24.05	-7.49%	―	―	-164.29%
1029	41 Neutral	HK$702.87M	-0.81	-44.33%	―	2.05%	27.51%
0433	41 Neutral	HK$1.14B	-3.58	-4702.63%	―	0.41%	83.35%

Brockman Mining Ltd. Corporate Events

Brockman Mining Ltd. Releases Q3 2025 Activities Report

Brockman Mining Ltd. released its quarterly activities report for the period ending 30 September 2025. The report, announced on 30 October 2025, provides updates on the company’s operational activities and strategic developments, which are crucial for stakeholders to assess the company’s performance and future prospects.