Graphene Manufacturing Group Ltd (TSE:GMG)
:GMG
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Graphene Manufacturing Group Ltd
(GMG)
Select Model
Select Model
Rating:44Neutral
Price Target:
C$2.00
▲(0.50% Upside)
Action:ReiteratedDate:03/05/26
The score is primarily weighed down by weak financial performance—large ongoing losses, continued cash burn, and negative equity—despite improving revenue and exceptionally strong gross margins. Technicals also point to soft near-term momentum, while valuation provides limited insight due to a negative P/E and no dividend yield data.
Positive Factors
Revenue Growth
Sustained year-over-year revenue improvement shows increasing commercial traction for graphene products. Over 2-6 months this supports scaling opportunities, helps absorb fixed costs, and validates product-market fit, improving prospects for future margin recovery if growth continues.
Negative Factors
Deep Unprofitability
Large, persistent net losses indicate the current revenue base cannot cover operating and non-operating costs. This structural unprofitability requires either meaningful margin expansion or sustained higher revenue to achieve break-even, creating execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained year-over-year revenue improvement shows increasing commercial traction for graphene products. Over 2-6 months this supports scaling opportunities, helps absorb fixed costs, and validates product-market fit, improving prospects for future margin recovery if growth continues.
Read all positive factors
Graphene Manufacturing Group Ltd (GMG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$242.61M
Dividend YieldN/A
Average Volume (3M)232.07K
Price to Earnings (P/E)―
Beta (1Y)1.55
Revenue Growth6.29%
EPS Growth-3.71%
CountryCA
Employees38
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-0.17
Shares Outstanding117,771,410
10 Day Avg. Volume194,057
30 Day Avg. Volume232,072
Financial Highlights & Ratios
PEG Ratio-11.08
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)-0.04
Revenue Forecast (FY)C$2.40M
Graphene Manufacturing Group Ltd Business Overview & Revenue Model
Company Description
Graphene Manufacturing Group Pty Ltd, together with its subsidiaries, manufactures and supplies graphene. The company engages in the manufacture and sale of energy saving and energy storage solutions. It serves facility management; transport and e...
How the Company Makes Money
null...
Graphene Manufacturing Group Ltd Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
30
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Sep 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.95M | 4.90M | 294.86K | 170.06K | 54.43K | 246.37K |
| Gross Profit | 4.63M | 4.72M | -446.15K | -280.90K | -256.73K | 56.76K |
| EBITDA | -6.30M | -5.78M | -5.30M | -8.40M | -11.38M | -7.85M |
| Net Income | -28.31M | -8.57M | -7.40M | -9.32M | -11.77M | -8.11M |
Balance Sheet | ||||||
| Total Assets | 22.01M | 17.22M | 15.24M | 15.96M | 16.68M | 4.94M |
| Cash, Cash Equivalents and Short-Term Investments | 13.90M | 7.71M | 3.98M | 4.65M | 12.26M | 3.36M |
| Total Debt | 599.47K | 773.99K | 1.35M | 1.31M | 1.03M | 0.00 |
| Total Liabilities | 26.18M | 8.31M | 6.70M | 7.26M | 6.58M | 2.91M |
| Stockholders Equity | -4.17M | 8.91M | 8.54M | 8.69M | 10.10M | 2.03M |
Cash Flow | ||||||
| Free Cash Flow | -9.19M | -4.59M | -7.69M | -13.99M | -7.65M | -3.63M |
| Operating Cash Flow | -8.33M | -3.83M | -4.99M | -10.55M | -6.57M | -3.35M |
| Investing Cash Flow | -927.54K | -886.53K | -2.70M | -3.44M | -1.08M | 1.90M |
| Financing Cash Flow | 18.52M | 8.34M | 7.09M | 6.36M | 16.55M | 4.11M |
Graphene Manufacturing Group Ltd Technical Analysis
Neutral
1.99
Price Trends
2.41
Negative
1.97
Positive
1.39
Positive
Market Momentum
-0.06
Positive
45.52
Neutral
27.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GMG, the sentiment is Neutral. The current price of 1.99 is below the 20-day moving average (MA) of 2.14, below the 50-day MA of 2.41, and above the 200-day MA of 1.39, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 45.52 is Neutral, neither overbought nor oversold. The STOCH value of 27.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:GMG.
Graphene Manufacturing Group Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$2.95B | 22.34 | 28.32% | ― | 30.36% | 181.15% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | C$898.54M | -46.51 | -1.58% | 2.55% | 8.04% | -195.66% | |
44 Neutral | C$242.61M | -3.44 | -414.40% | ― | 6.29% | -3.71% | |
42 Neutral | C$14.03M | -2.61 | -86.94% | ― | -15.84% | -375.96% | |
42 Neutral | C$105.22M | -4.53 | -64.75% | ― | ― | 56.03% | |
41 Neutral | C$9.83M | -6.54 | ― | ― | ― | 91.27% |
* Basic Materials Sector Average
TSE:GMG
Graphene Manufacturing Group Ltd
2.06
1.39
207.46%
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TSE:NEO
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TSE:SURE
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262.50%
Graphene Manufacturing Group Ltd Corporate Events
Business Operations and StrategyProduct-Related Announcements
GMG Expands in Europe With New Sales Team and Key Lubricant Patent
Positive
Mar 23, 2026
Graphene Manufacturing Group has launched a European sales team of more than 10 professional executives based across Europe and the U.K., tasked with lead generation, inside sales and business development for its G Lubricant and THERMAL-XR product...
Business Operations and Strategy
GMG Hires U.S. Marketing Firm to Boost Investor Awareness
Positive
Mar 18, 2026
Graphene Manufacturing Group Ltd has engaged U.S.-based i2i Marketing Group to deliver online marketing and investor awareness services designed to raise its public profile. Under the agreement, GMG will deploy an initial US$300,000 media budget f...
Business Operations and StrategyProduct-Related AnnouncementsRegulatory Filings and Compliance
Graphene Manufacturing Group Wins U.S. EPA Nod to Launch THERMAL-XR Sales
Positive
Mar 16, 2026
Graphene Manufacturing Group has received approval from the U.S. Environmental Protection Agency to import and sell its THERMAL-XR graphene-based coating system in the United States. The consent order under the Toxic Substances Control Act authori...
Business Operations and StrategyFinancial Disclosures
GMG Funds Next-Gen Graphene Plant and Clarifies Non-Cash Warrant Impact
Positive
Mar 2, 2026
Graphene Manufacturing Group has approved an additional AU$1.4 million to complete its second-generation graphene manufacturing plant, bringing total capital cost to about AU$2.3 million for a facility designed to produce 10 tons of graphene annua...
Business Operations and Strategy
Graphene Manufacturing Group Hires AJO Capital to Boost Investor Awareness
Positive
Feb 24, 2026
Graphene Manufacturing Group has hired New York-based AJO Capital Inc. under a four-month advertising services agreement to boost marketing and investor awareness, covering content creation across news, podcasts, traditional media and social chann...
Business Operations and StrategyProduct-Related Announcements
GMG inks Tickford Racing deal to road-test graphene in Supercars arena
Positive
Feb 20, 2026
Graphene Manufacturing Group has entered a new partnership with leading Australian Supercars team Tickford Racing to trial its liquid graphene products, including G LUBRICANT and THERMAL-XR, in one of motorsport’s most demanding environments...
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.