Tombador Iron Ltd. (AU:AEU)
ASX:AEU
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Tombador Iron Ltd.
(Sydney:AEU)
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Rating:51Neutral
Price Target:
AU$0.40
▼(-16.25% Downside)
Action:N/A
Date:04/11/26
The score is held down primarily by weak financial performance (recurring heavy losses, zero reported revenue in 2025, and persistent negative free cash flow), which signals elevated execution and funding risk despite low leverage. Technicals provide a meaningful offset with an uptrend and positive momentum. Valuation contributes little support because the reported P/E is not meaningful in the context of losses and no dividend yield is indicated.
Positive Factors
Conservative balance sheet
Zero reported debt across recent years provides durable financial flexibility, lowering fixed financing costs and preserving optionality to fund exploration or development via equity or project finance. This reduces near‑term solvency risk and buys time to execute a development plan despite operating losses.
Negative Factors
Zero revenue in 2025
Absence of revenue while incurring large losses indicates the company is not yet generating operating cash inflows from its core assets. This structural revenue shortfall increases execution risk for advancing projects and compels ongoing external funding or asset monetization to sustain operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Zero reported debt across recent years provides durable financial flexibility, lowering fixed financing costs and preserving optionality to fund exploration or development via equity or project finance. This reduces near‑term solvency risk and buys time to execute a development plan despite operating losses.
Read all positive factors
Tombador Iron Ltd. (AEU) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$168.45M
Dividend YieldN/A
Average Volume (3M)107.40K
Price to Earnings (P/E)―
Beta (1Y)0.69
Revenue Growth-16.03%
EPS Growth-1005.11%
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryUranium
Share Statistics
EPS (TTM)0.08
Shares Outstanding391,739,500
10 Day Avg. Volume322,195
30 Day Avg. Volume107,398
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.55
Price to Sales (P/S)0.00
P/FCF Ratio-2.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.40Price Target Upside191.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.04
Revenue Forecast (FY)N/A
Tombador Iron Ltd. Business Overview & Revenue Model
Company Description
Atomic Eagle Limited, a mineral resources company, engages in the acquisition, exploration, and development of uranium properties in Africa. The company holds 100% interest in the Muntanga project with three contiguous mining permits covering an a...
How the Company Makes Money
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Tombador Iron Ltd. Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
58
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.54M | 0.00 | 800.71K | 113.45K | 35.08M | 22.39M |
| Gross Profit | 6.11M | 0.00 | 0.00 | 0.00 | 12.23M | 8.55M |
| EBITDA | 5.98M | -15.28M | -370.24K | -1.63M | 13.71M | 4.92M |
| Net Income | 6.93M | -39.10M | -733.77K | -13.92M | 9.68M | 2.40M |
Balance Sheet | ||||||
| Total Assets | 43.34M | 24.01M | 8.16M | 9.78M | 35.56M | 38.11M |
| Cash, Cash Equivalents and Short-Term Investments | 14.61M | 20.73M | 6.69M | 5.87M | 9.69M | 20.23M |
| Total Debt | 6.94M | 0.00 | 0.00 | 0.00 | 6.38M | 7.38M |
| Total Liabilities | 14.92M | 2.31M | 464.78K | 806.74K | 10.77M | 14.02M |
| Stockholders Equity | 28.42M | 21.69M | 7.69M | 8.97M | 24.79M | 24.09M |
Cash Flow | ||||||
| Free Cash Flow | 1.93M | -14.30M | -829.46K | -1.49M | -5.59M | -2.41M |
| Operating Cash Flow | 5.04M | -14.22M | -829.46K | 4.99M | -2.32M | 382.45K |
| Investing Cash Flow | -8.45M | 11.45M | 1.66M | -7.18M | -3.27M | 5.03M |
| Financing Cash Flow | -4.76M | 20.46M | 0.00 | -1.88M | -5.04M | -1.92M |
Tombador Iron 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% |
* Basic Materials Sector Average
Performance Comparison
Tombador Iron Ltd. Corporate Events
Atomic Eagle upgrades to OTCQX to tap resurgent U.S. nuclear market
Jun 4, 2026
Atomic Eagle Limited has upgraded its U.S. trading status from the OTCQB Venture Market to the higher-tier OTCQX Best Market, where it now trades under the ticker AEUXF while retaining its ASX listing as AEU. The move signals compliance with more ...
Atomic Eagle director Grant Davey increases stake through on-market share purchase
Jun 3, 2026
Atomic Eagle Ltd. has disclosed a change in director Grant Davey’s relevant interests in the company’s securities, reflecting an on-market purchase of 70,000 fully paid ordinary shares at a cost of $27,093.30. Following the transaction...
Atomic Eagle Sharpens Muntanga North Uranium Drill Targets with Ground Radiometrics
May 28, 2026
Atomic Eagle has completed 53 of 80 planned line kilometres of close-spaced ground radiometric surveys at the Muntanga North exploration area, defining large-scale anomalies up to about 4km in strike across eight targets located 15–25km from...
Atomic Eagle shareholders back all resolutions at 2026 AGM
May 27, 2026
Atomic Eagle Limited reported that all resolutions put to shareholders at its 2026 Annual General Meeting in Perth were passed by poll, reflecting broad investor support for the company’s governance and strategic framework. Key outcomes incl...
Atomic Eagle accelerates Zambian uranium push after GoviEx acquisition and resource upgrade
May 27, 2026
Atomic Eagle has undergone a major transformation over the past year, completing the acquisition of GoviEx Uranium Inc. and rebranding from Tombador Iron to create an ASX-listed uranium-focused explorer and developer in Africa. Following a A$10 mi...
Atomic Eagle expands Zambian uranium portfolio with Sitwe project option
May 22, 2026
Atomic Eagle Limited has entered a binding option agreement to acquire 100% of the Sitwe Uranium Project in Zambia’s Luangwa Valley, adding 429 square kilometres of tenure and increasing its Zambian holdings by 38%. The move expands its stra...
Atomic Eagle expands high‑grade uranium zone at Zambia’s Muntanga project
May 12, 2026
Atomic Eagle has reported strong initial drilling results from the first 15 holes of its 30,000‑metre 2026 program at the Muntanga Uranium Project’s Chisebuka target in Zambia, with 13 holes intersecting uranium outside the existing re...
Atomic Eagle Director Grant Davey Lifts Indirect Shareholding Through On-Market Buys
May 10, 2026
Atomic Eagle director Grant Davey has increased his indirect holdings in the company through on-market purchases executed between 5 May and 7 May 2026. The transactions were made via entities associated with him, including Davey Holdings (AUS) Pty...
Atomic Eagle Starts 30,000m Drilling Push at Zambia’s Muntanga Uranium Project
Apr 28, 2026
Atomic Eagle has launched a 30,000-metre drilling program at its 100%-owned Muntanga Uranium Project in Zambia, targeting three priority areas: infill drilling at Chisebuka and maiden campaigns at Namakande and Muntanga North. The effort follows a...
Atomic Eagle Sets Fully Virtual 2026 AGM and Moves to Digital Meeting Materials
Apr 24, 2026
Atomic Eagle Ltd has scheduled its 2026 Annual General Meeting to be held virtually on 27 May 2026 at 11:00am AWST via the Automic investor portal, underscoring its ongoing shift to digital shareholder engagement. Shareholders can access the Notic...
Atomic Eagle Discloses Security Holdings of Departing Director Eric Krafft
Apr 20, 2026
Atomic Eagle Ltd has reported that director Eric Krafft ceased to be a director on 20 April 2026, in a governance filing outlining his remaining interests in the company’s securities. The notice details Krafft’s holdings of various tra...
Atomic Eagle appoints uranium veteran Grant Davey as chairman in board reshuffle
Apr 20, 2026
Atomic Eagle Limited has strengthened its board with the appointment of uranium industry veteran Grant Davey as Non-Executive Chairman, leveraging his more than 30 years of global mining and energy experience and his role in founding listed uraniu...
Atomic Eagle Updates Registered Office and Contact Details
Apr 17, 2026
Atomic Eagle Limited has updated its registered office address and primary telephone contact in Perth, Western Australia. The change, effective 17 April 2026, reflects revised corporate contact details for the ASX- and OTCQB-listed company, ensuri...
Atomic Eagle seeks ASX quotation for additional ordinary shares
Apr 16, 2026
Atomic Eagle Ltd has applied to the ASX for quotation of additional ordinary fully paid shares, following the conversion of options or other convertible securities. The company is seeking quotation for 304,080 shares issued on 5 February 2026 and ...
Atomic Eagle Issues 380,607 New Ordinary Shares After Securities Conversion
Apr 15, 2026
Atomic Eagle Ltd has notified the market of the issue of 380,607 ordinary fully paid shares following the conversion or exercise of previously unquoted securities. The new shares, issued on April 15, 2026, increase the company’s quoted equit...
Atomic Eagle files 2025 Annual Information Form after Goviex acquisition
Apr 1, 2026
Atomic Eagle Limited has released its Annual Information Form for the financial year ended 31 December 2025. The document is lodged to meet the company’s ongoing Canadian continuous disclosure obligations arising from its acquisition of Govi...
Atomic Eagle Sets 2026 AGM Date and Director Nomination Deadline
Mar 31, 2026
Atomic Eagle Limited has scheduled its next Annual General Meeting for 11:00am AWST on Wednesday, 27 May 2026, with further details to be provided to shareholders in a forthcoming Notice of Meeting and via the ASX announcements platform and the co...
Atomic Eagle Reaffirms JORC-Compliant Uranium Resource and Reserve Disclosures
Mar 25, 2026
Atomic Eagle Limited used a March 2026 presentation to reiterate that its uranium exploration and development portfolio is being advanced under the Australasian JORC Code, with existing exploration results, mineral resources, ore reserves and feas...
Atomic Eagle Files Updated Corporate Governance Statement with ASX
Mar 25, 2026
Atomic Eagle Ltd. has lodged its updated corporate governance statement for the year ended 31 December 2025, confirming that the document is current as of 23 March 2026 and available on its website. The filing, made alongside the required Appendix...
Atomic Eagle Sets Out Lean but Formalised Governance Framework
Mar 25, 2026
Atomic Eagle Ltd has formalised its governance structure in a Corporate Governance Statement dated 23 March 2026, confirming adoption of a comprehensive Corporate Governance Plan and Board Charter aligned with the ASX Corporate Governance Council&...
Atomic Eagle details board, governance structure and dual listing
Mar 25, 2026
Atomic Eagle has outlined its current corporate structure and key governance appointments, naming a non-executive chair, several non-executive directors, and senior executives including a CEO, CFO, and company secretary. The firm also detailed its...
Atomic Eagle director updates disclosed as options lapse and holdings shift to nominee
Mar 23, 2026
Atomic Eagle Ltd has notified investors of a change in director Eric Krafft’s interests, confirming adjustments to his mix of ordinary shares and unlisted options. The update is a routine compliance disclosure under ASX rules, aimed at maint...
Atomic Eagle Options Lapse Without Exercise, Adjusting Capital Structure
Mar 19, 2026
Atomic Eagle Ltd has updated the market on a change to its capital structure, confirming the expiry of a series of listed options. The company reported that 253,400 options with an exercise price of $1.34, scheduled to expire on March 18, 2026, ha...
Atomic Eagle Director Shifts Shareholding to Nominee Structure
Mar 18, 2026
Atomic Eagle Ltd has disclosed a change in director Govind Friedland’s interests, confirming that his directly held fully paid ordinary shares have been transferred to a nominee account with Citicorp Nominees Pty Limited. Following the trans...
Atomic Eagle lifts Muntanga uranium resource by 24% after maiden drill program
Mar 10, 2026
Atomic Eagle Limited has reported a 24% increase in total mineral resources at its Muntanga Uranium Project in Zambia, lifting the inventory to 58.8 million pounds of U₃O₈ at 309 ppm following its maiden drilling campaign. The update i...
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.