Contango Asset Management Ltd. (AU:APL)
ASX:APL
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Contango Asset Management Ltd.
(Sydney:APL)
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Rating:55Neutral
Price Target:
AU$0.26
▲(42.22% Upside)
Action:Reiterated
Date:05/14/26
The score is primarily driven by improving financial performance (notably the shift back to positive operating/free cash flow and higher revenue) but constrained by continued net losses and weak valuation signals from a negative P/E. Technicals are supportive due to a strong uptrend, though the extremely overbought RSI increases near-term reversal risk.
Positive Factors
Recurring fee-based business model
Contango runs an asset-management model that collects fees from listed and unlisted funds for institutional and retail clients. That diversified, recurring-fee revenue mix supports predictable cash flows and long-term client relationships, strengthening revenue durability over months.
Negative Factors
Continued net losses
Despite revenue gains and high gross margins, the company still posts negative operating and net margins. Persistent losses constrain retained earnings, limit investor returns, and require sustained margin improvement or higher scale before profitability becomes durable over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring fee-based business model
Contango runs an asset-management model that collects fees from listed and unlisted funds for institutional and retail clients. That diversified, recurring-fee revenue mix supports predictable cash flows and long-term client relationships, strengthening revenue durability over months.
Read all positive factors
Contango Asset Management Ltd. (APL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$14.39M
Dividend YieldN/A
Average Volume (3M)25.90K
Price to Earnings (P/E)68.5
Beta (1Y)-0.84
Revenue Growth14.36%
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management - Global
Share Statistics
EPS (TTM)<0.01
Shares Outstanding57,542,427
10 Day Avg. Volume63,547
30 Day Avg. Volume25,904
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)0.81
Price to Sales (P/S)0.93
P/FCF Ratio7.05
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
Contango Asset Management Ltd. Business Overview & Revenue Model
Company Description
Associate Global Partners Limited is a publicly listed investment management firm. It offers a range of investment strategies to its institutional clientele, encompassing large, mid, small, and micro-cap equities, alongside income-focused mandates...
How the Company Makes Money
null...
Contango Asset Management Ltd. Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
62
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.21M | 6.66M | 6.03M | 5.66M | 6.21M | 5.54M |
| Gross Profit | 6.13M | 6.50M | 5.08M | 3.85M | 4.32M | 3.94M |
| EBITDA | 421.00K | -42.00K | -421.00K | -1.75M | -425.00K | -757.00K |
| Net Income | 210.00K | -171.00K | -798.00K | -1.99M | -642.00K | -800.00K |
Balance Sheet | ||||||
| Total Assets | 12.98M | 12.58M | 12.71M | 13.09M | 13.21M | 13.86M |
| Cash, Cash Equivalents and Short-Term Investments | 5.20M | 4.84M | 4.18M | 4.05M | 6.59M | 5.53M |
| Total Debt | 1.77M | 1.93M | 1.74M | 1.95M | 1.62M | 1.64M |
| Total Liabilities | 5.24M | 4.92M | 4.99M | 6.01M | 4.31M | 4.48M |
| Stockholders Equity | 7.75M | 7.67M | 7.72M | 7.08M | 8.90M | 9.37M |
Cash Flow | ||||||
| Free Cash Flow | 1.43M | 882.00K | -495.00K | -2.17M | -833.00K | -312.00K |
| Operating Cash Flow | 1.46M | 885.00K | -489.00K | -2.16M | -824.00K | -307.00K |
| Investing Cash Flow | -269.00K | -226.00K | -607.00K | -307.00K | 1.82M | 1.82M |
| Financing Cash Flow | -247.00K | 0.00 | 1.23M | -71.00K | 76.00K | 70.00K |
Contango Asset Management Ltd. Technical Analysis
Negative
0.18
Price Trends
0.30
Negative
0.26
Negative
0.21
Positive
Market Momentum
>-0.01
Positive
7.48
Positive
19.44
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:APL, the sentiment is Negative. The current price of 0.18 is below the 20-day moving average (MA) of 0.29, below the 50-day MA of 0.30, and below the 200-day MA of 0.21, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 7.48 is Positive, neither overbought nor oversold. The STOCH value of 19.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:APL.
Contango Asset Management Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$54.87M | 6.04 | 35.99% | 6.39% | 0.11% | 21.50% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | AU$1.34B | 20.23 | 5.81% | 1.50% | 28.00% | -70.45% | |
61 Neutral | AU$44.98M | 14.53 | 3.43% | 6.89% | -26.20% | -112.45% | |
55 Neutral | AU$14.39M | 68.50 | 2.73% | ― | 14.36% | ― | |
53 Neutral | AU$23.06M | 23.78 | 4.11% | 2.03% | 35.83% | ― | |
43 Neutral | AU$15.82M | -3.40 | -126.93% | ― | 14.09% | 78.63% |
* Financial Sector Average
AU:APL
Contango Asset Management Ltd.
0.25
0.14
127.27%
AU:NGI
Navigator Global Investments Ltd
2.37
0.85
56.33%
AU:IAM
Income Asset Management Group Limited
0.02
-0.02
-48.48%
AU:CIW
Clime Investment Management Ltd
0.30
-0.08
-20.00%
AU:MAM
Microequities Asset Management Group Ltd.
0.42
-0.03
-5.62%
AU:SB2
Salter Brothers Emerging Companies Ltd.
0.54
-0.13
-19.28%
Contango Asset Management Ltd. Corporate Events
Associate Global Partners Director Increases Holding in Company-Managed ETF
Jun 5, 2026
Associate Global Partners Limited has reported a change in the indirect securities interests of director Brett Peter Cairns, primarily relating to units in listed funds managed by the company’s subsidiary. Cairns holds these interests throug...
Associate Global Partners Director Increases ETF Holding via Dividend Reinvestment
Apr 29, 2026
Associate Global Partners Limited has disclosed a minor change in director Nerida Campbell’s indirect interests, reflecting routine portfolio activity rather than a strategic shift. Campbell, through Oliver Road Investments Pty Ltd as truste...
Associate Global Partners Director Increases Indirect Holding in Managed ETF
Apr 28, 2026
Associate Global Partners Limited has reported a change in the indirect interests of director Brett Peter Cairns in one of its listed funds. Cairns holds his interests through several Euclid Pty Limited-related entities, which act as vehicles for ...
Associate Global Partners Director Boosts ETF Holding via Dividend Reinvestment
Apr 28, 2026
Associate Global Partners Limited has disclosed a change in the indirect holdings of director Jason Craig Billings, reflecting activity in one of the company’s managed investment products rather than a shift in his direct shareholding. Billi...
Associate Global Partners Director Increases Holding in Company-Managed ETF
Apr 24, 2026
Associate Global Partners Limited has reported a change in director Jason Craig Billings’ indirect interests, reflecting an additional investment in one of the firm’s managed exchange-traded funds. Billings holds these interests via Ja...
Associate Global Partners Appoints New Company Secretary
Apr 23, 2026
Associate Global Partners Limited has appointed Sushma Kejriwal of Acclime Corporate Services Australia as its new Company Secretary, effective 23 April 2026. The change is part of the company’s ongoing corporate governance arrangements and ...
Associate Global Partners Director Increases Shareholding via On-Market Trades
Apr 2, 2026
Associate Global Partners Limited has reported a change in the interests of director Martin Francis Switzer, reflecting increased exposure to the company’s ordinary shares as well as continued holdings in affiliated managed funds. The disclo...
AGP and Muzinich List Australia’s First Daily Liquid Private Credit ETF on ASX
Apr 1, 2026
AGP Investment Management and Muzinich Co. have launched the Muzinich BDC Income Fund – Active ETF on the ASX under the ticker BDCI, giving Australian investors daily liquid access to a diversified portfolio of 20 to 45 US-listed business d...
Director Martin Switzer Increases Stake in Associate Global Partners
Mar 26, 2026
Associate Global Partners has reported a change in director Martin Francis Switzer’s interests in the company’s securities, reflecting an increase in his indirect shareholding. The disclosure outlines his mix of direct and indirect hol...
Associate Global Partners Director Increases Shareholding via On-Market Purchase
Mar 19, 2026
Associate Global Partners Limited reported a change in director Martin Francis Switzer’s interests following an on-market trade in the company’s ordinary shares. Switzer, who holds both direct and indirect stakes through various contro...
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.