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Graphene Manufacturing Group Ltd
(GMG)
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Rating:51Neutral
Price Target:
C$2.00
▲(0.50% Upside)
Action:Reiterated
Date:05/31/26
The score is held down primarily by weak financial performance driven by heavy losses and persistent cash burn, despite meaningful revenue growth and low leverage. Technicals are moderately supportive with price above longer-term moving averages, while valuation remains constrained by the lack of profitability and no dividend yield.
Positive Factors
Revenue Growth / Commercialization Traction
Sales have expanded sharply into 2025/TTM, indicating conversion of pilots into commercial orders and early product-market fit for graphene applications. Sustained top-line momentum increases the likelihood of achieving scale, which can absorb fixed costs and enable durable margin improvement as volumes grow.
Negative Factors
Persistent Cash Burn
Consistently negative operating and free cash flows show the business cannot currently self-fund operations or growth. Ongoing cash burn increases reliance on external capital, heightens dilution and refinancing risk, and constrains the firm's ability to invest in scale-up or margin-improving initiatives without new funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth / Commercialization Traction
Sales have expanded sharply into 2025/TTM, indicating conversion of pilots into commercial orders and early product-market fit for graphene applications. Sustained top-line momentum increases the likelihood of achieving scale, which can absorb fixed costs and enable durable margin improvement as volumes grow.
Read all positive factors
Graphene Manufacturing Group Ltd (GMG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$270.26M
Dividend YieldN/A
Average Volume (3M)232.07K
Price to Earnings (P/E)―
Beta (1Y)1.91
Revenue Growth77.39%
EPS Growth-226.10%
CountryCA
Employees41
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-0.21
Shares Outstanding125,700,935
10 Day Avg. Volume194,057
30 Day Avg. Volume232,072
Financial Highlights & Ratios
PEG Ratio-11.09
Price to Book (P/B)7.40
Price to Sales (P/S)13.46
P/FCF Ratio-14.38
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)0.38
Revenue Forecast (FY)C$73.00M
Graphene Manufacturing Group Ltd Business Overview & Revenue Model
Company Description
Graphene Manufacturing Group Ltd, a clean-technology company, engages in the manufacture of graphene powder and energy saving and energy storage solutions enabled by graphene in Australia. The company offers graphene products, including Thermal-XR...
How the Company Makes Money
GMG makes money primarily by commercializing graphene and graphene-enhanced products and related services. Key revenue streams include: (1) Sales of graphene and/or graphene-enhanced products: GMG manufactures graphene and sells it directly and/or...
Graphene Manufacturing Group Ltd Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
56
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Sep 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.07M | 4.90M | 294.86K | 170.06K | 54.43K | 246.37K |
| Gross Profit | 2.75M | 4.72M | -446.15K | -280.90K | -256.73K | 56.76K |
| EBITDA | -8.47M | -5.78M | -5.30M | -8.40M | -11.38M | -7.85M |
| Net Income | -25.52M | -8.57M | -7.40M | -9.32M | -11.77M | -8.11M |
Balance Sheet | ||||||
| Total Assets | 22.51M | 17.22M | 15.24M | 15.96M | 16.68M | 4.94M |
| Cash, Cash Equivalents and Short-Term Investments | 14.46M | 7.71M | 3.98M | 4.65M | 12.26M | 3.36M |
| Total Debt | 508.94K | 773.99K | 1.35M | 1.31M | 1.03M | 0.00 |
| Total Liabilities | 16.73M | 8.31M | 6.70M | 7.26M | 6.58M | 2.91M |
| Stockholders Equity | 5.78M | 8.91M | 8.54M | 8.69M | 10.10M | 2.03M |
Cash Flow | ||||||
| Free Cash Flow | -10.27M | -4.59M | -7.69M | -13.99M | -7.65M | -3.63M |
| Operating Cash Flow | -9.28M | -3.83M | -4.99M | -10.55M | -6.57M | -3.35M |
| Investing Cash Flow | -1.14M | -886.53K | -2.70M | -3.44M | -1.08M | 1.90M |
| Financing Cash Flow | 15.08M | 8.34M | 7.09M | 6.36M | 16.55M | 4.11M |
Graphene Manufacturing Group Ltd Technical Analysis
Negative
1.99
Price Trends
2.43
Negative
2.35
Negative
2.02
Positive
Market Momentum
-0.03
Positive
37.43
Neutral
9.04
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GMG, the sentiment is Negative. The current price of 1.99 is below the 20-day moving average (MA) of 2.35, below the 50-day MA of 2.43, and below the 200-day MA of 2.02, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 37.43 is Neutral, neither overbought nor oversold. The STOCH value of 9.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GMG.
Graphene Manufacturing Group Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | C$2.95B | 36.16 | 30.00% | ― | 33.05% | 166.24% | |
64 Neutral | C$1.67B | -114.72 | -2.63% | 2.55% | 6.85% | 33.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | C$270.26M | -10.26 | -475.00% | ― | 77.39% | -226.10% | |
45 Neutral | C$15.90M | -6.16 | -86.94% | ― | -55.05% | -933.96% | |
45 Neutral | C$4.75M | -12.84 | ― | ― | ― | 10.57% | |
39 Underperform | C$80.25M | -5.17 | -69.66% | ― | ― | 12.74% |
* General Sector Average
TSE:GMG
Graphene Manufacturing Group Ltd
2.15
1.35
168.75%
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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.