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AJ Lucas Group
(Sydney:AJL)
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Rating:52Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by high financial risk from negative equity and leverage, despite the 2026 profitability and cash-flow rebound. Valuation is a notable positive due to the extremely low P/E, while technicals provide limited signal because indicators were not available.
Positive Factors
2026 Profitability Recovery
The return to solid operating profitability and a strong net profit margin in 2026 indicates that the business can recover earnings when operating conditions improve. If sustained, this rebound can strengthen internal funding capacity and support more resilient operations over the next several quarters.
Negative Factors
Negative Equity and Leverage
Persistent negative shareholder equity leaves AJL with little balance-sheet cushion against operating setbacks, while sizable debt increases obligations that must be serviced. This fragile capital structure can constrain investment flexibility and makes continued cash generation important to long-term stability.
Read all positive and negative factors
Positive Factors
Negative Factors
2026 Profitability Recovery
The return to solid operating profitability and a strong net profit margin in 2026 indicates that the business can recover earnings when operating conditions improve. If sustained, this rebound can strengthen internal funding capacity and support more resilient operations over the next several quarters.
Read all positive factors
AJ Lucas Group (AJL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$9.63M
Dividend Yield2.33%
Average Volume (3M)484.72K
Price to Earnings (P/E)0.3
Beta (1Y)0.69
Revenue Growth-17.89%
EPS GrowthN/A
CountryAU
Employees275
SectorBasic Materials
Sector Strength58
IndustryCoal
Share Statistics
EPS (TTM)0.02
Shares Outstanding1,375,729,600
10 Day Avg. Volume789,888
30 Day Avg. Volume484,721
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.25
Price to Sales (P/S)0.09
P/FCF Ratio0.54
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)N/A
Revenue Forecast (FY)N/A
AJ Lucas Group Business Overview & Revenue Model
Company Description
AJ Lucas Group Limited (AJL.AX), an Australian firm operating with its subsidiaries, specializes in a diverse range of drilling services. The company's activities are structured into two main divisions: Drilling, and Oil and Gas. The Drilling divi...
How the Company Makes Money
AJL primarily makes money by contracting drilling and related services to third-party customers, typically exploration companies and mining operators. Revenue is generally earned under service contracts where the company is paid for drilling activ...
AJ Lucas Group Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
24
Negative
Cash Flow
63
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 119.57M | 145.61M | 159.10M | 157.61M | 123.23M |
| Gross Profit | 10.04M | 103.43M | 40.27M | 19.61M | 13.09M |
| EBITDA | 15.13M | 14.39M | 28.98M | -135.61M | 13.63M |
| Net Income | 28.49M | -15.01M | -702.00K | -152.06M | -11.32M |
Balance Sheet | |||||
| Total Assets | 83.39M | 89.07M | 108.32M | 104.14M | 220.70M |
| Cash, Cash Equivalents and Short-Term Investments | 8.29M | 3.87M | 16.85M | 14.04M | 3.06M |
| Total Debt | 92.42M | 123.81M | 126.38M | 126.91M | 110.12M |
| Total Liabilities | 127.97M | 162.71M | 166.16M | 161.20M | 143.88M |
| Stockholders Equity | -44.52M | -73.55M | -57.79M | -57.03M | 75.66M |
Cash Flow | |||||
| Free Cash Flow | 20.22M | 2.94M | 17.78M | -4.46M | 9.28M |
| Operating Cash Flow | 26.04M | 13.07M | 32.03M | 1.39M | 12.56M |
| Investing Cash Flow | -4.49M | -9.26M | -13.75M | -5.84M | -3.27M |
| Financing Cash Flow | -16.96M | -16.94M | -15.46M | 15.35M | -12.84M |
AJ Lucas Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$186.81M | 97.58 | 2.51% | 3.45% | 11.17% | 34.78% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | AU$607.36M | -105.60 | -9.26% | ― | ― | 65.66% | |
52 Neutral | AU$9.63M | 0.34 | -72.02% | 2.33% | -17.89% | ― | |
47 Neutral | AU$209.62M | -25.85 | 366.05% | ― | ― | 90.80% | |
47 Neutral | AU$140.33M | -2.09 | -37.07% | 4.83% | -21.07% | 26.64% | |
45 Neutral | AU$41.24M | -55.00 | -2.75% | ― | ― | 20.00% |
* Basic Materials Sector Average
AU:AJL
AJ Lucas Group
0.01
0.00
0.00%
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AJ Lucas Group Corporate Events
AJ Lucas Underscores Role as Specialist Drilling Services Provider
Aug 31, 2026
AJ Lucas Group Limited has highlighted its role as a leading provider of drilling services to the energy, mining and infrastructure sectors. The company emphasises its multi‑disciplined teams and reputation for innovative solutions, reinforc...
AJ Lucas swings to FY2026 profit on UK settlement and lower net debt
Aug 31, 2026
AJ Lucas Group reported a sharp turnaround in FY2026, posting a $28.5 million profit after tax versus a $15.0 million loss a year earlier, driven largely by a $25.9 million settlement of a dispute over UK shale gas exploration licences. Total repo...
AJ Lucas Turns to Profit Despite Revenue Slide in 2026 Results
Aug 31, 2026
AJ Lucas Group Limited, an energy and infrastructure services provider specialising in drilling and well services for oil, gas and mining clients, operates as a contractor to the resources sector. Its business model is sensitive to industry cycles...
AJ Lucas hit by softer coal drilling as UK settlement lifts annual earnings
Jul 31, 2026
AJ Lucas Group Limited is an Australian energy and mining services company headquartered in Brisbane, providing drilling and related services primarily to steelmaking coal producers and other resource sector clients. The group also holds onshore g...
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.