Want to see AU:APL full AI Analyst Report?
Contango Asset Management Ltd. (APL) AI Stock Analysis
Contango Asset Management Ltd.
(ASX:APL)
The overall score is constrained by a fundamentally weak financial profile, marked by collapsing revenues and persistent losses, and a valuation that reflects no earnings power. While the balance sheet offers some stability and technical indicators show bullish price momentum, the extreme overbought RSI reading introduces significant downside risk. The lack of profitability and dividends remains the most significant drag on the score.
Contango Asset Management Ltd. (APL) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 17.51M
- Dividend Yield
- ―
- Average Volume (3M)
- 17.16K
- Price to Earnings (P/E)
- -26.1
- Beta (1Y)
- -0.73
- Revenue Growth
- 0.92%
- EPS Growth
- -293.33%
- Country
- Australia
- Employees
- 0
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Asset Management - Global
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. T...
How the Company Makes Money
Contango Asset Management Ltd. primarily makes money by charging fees for managing investment capital. Typical revenue streams for an asset manager include (i) management fees calculated as a percentage of funds under management (FUM) and charged on...
Contango Asset Management Ltd. Financial Statement Overview
Summary
Financial performance is weak, driven by persistent net losses and an 88.7% revenue collapse in FY2026. The balance sheet is a relative strength with low debt, but this is overshadowed by the income statement's chronic unprofitability and highly volatile, generally weak cash flows.
Income Statement
28NegativeBalance Sheet
65PositiveCash Flow
35Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.15M | 7.15M | 6.66M | 6.03M | 5.66M | 6.21M |
| Gross Profit | 5.55M | 6.36M | 6.50M | 5.08M | 3.85M | 4.32M |
| EBITDA | -277.00K | 68.00K | -42.00K | -421.00K | -1.75M | -425.00K |
| Net Income | -681.00K | -681.00K | -171.00K | -798.00K | -1.99M | -642.00K |
Balance Sheet | ||||||
| Total Assets | 12.84M | 12.84M | 12.58M | 12.71M | 13.09M | 13.21M |
| Cash, Cash Equivalents and Short-Term Investments | 3.71M | 3.71M | 4.84M | 4.18M | 4.05M | 6.59M |
| Total Debt | 2.03M | 2.03M | 1.93M | 1.74M | 1.95M | 1.62M |
| Total Liabilities | 5.60M | 5.60M | 4.92M | 4.99M | 6.01M | 4.31M |
| Stockholders Equity | 7.23M | 7.23M | 7.67M | 7.72M | 7.08M | 8.90M |
Cash Flow | ||||||
| Free Cash Flow | 495.00K | 612.00K | 882.00K | -495.00K | -2.17M | -833.00K |
| Operating Cash Flow | 533.00K | 650.00K | 885.00K | -489.00K | -2.16M | -824.00K |
| Investing Cash Flow | -1.24M | -1.06M | -226.00K | -607.00K | -307.00K | 1.82M |
| Financing Cash Flow | -425.00K | -723.00K | 0 | 1.23M | -71.00K | 76.00K |
Contango Asset Management Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:APL, the sentiment is Positive. The current price of 0.29 is below the 20-day moving average (MA) of 0.30, above the 50-day MA of 0.28, and above the 200-day MA of 0.27, indicating a bullish trend. The MACD of 0.00 indicates Positive momentum. The RSI at 69.23 is Neutral, neither overbought nor oversold. The STOCH value of 70.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:APL.
Contango Asset Management Ltd. Peers Comparison
Overall Rating
AU:MAM73Outperform
AU:NGI62Neutral
AU:SB258Neutral- AU:APL49Neutral
AU:CIW41Neutral
AU:IAM38Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| AU:MAM | 73Outperform | AUD 40.10M | 7.09 | 22.72% | 10.65% | -11.68% | -19.96% |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| AU:NGI | 62Neutral | AUD 1.31B | 40.23 | 2.41% | ― | 2.27% | -84.63% |
| AU:SB2 | 58Neutral | AUD 46.66M | -6.01 | -9.58% | 7.21% | -42.55% | -396.54% |
| AU:APL | 49Neutral | AUD 17.51M | -26.11 | -9.09% | ― | 0.92% | -293.33% |
| AU:CIW | 41Neutral | AUD 21.16M | 25.96 | 3.35% | 3.11% | -22.54% | 29.85% |
| AU:IAM | 38Underperform | AUD 13.03M | -3.59 | -382.28% | ― | 6.13% | 58.51% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:APL | Contango Asset Management Ltd. | 0.29 | 0.15 | 110.71% | |
| AU:NGI | Navigator Global Investments Ltd | 2.15 | -0.55 | -20.37% | |
| AU:IAM | Income Asset Management Group Limited | 0.01 | -0.02 | -53.33% | |
| AU:CIW | Clime Investment Management Ltd | 0.26 | -0.14 | -34.94% | |
| AU:MAM | Microequities Asset Management Group Ltd. | 0.31 | -0.22 | -40.95% | |
| AU:SB2 | Salter Brothers Emerging Companies Ltd. | 0.56 | -0.14 | -19.80% |
Contango Asset Management Ltd. Corporate Events
Associate Global Partners Director Updates Indirect Fund Holdings via DRP
Associate Global Partners Limited has reported a minor change in the indirect interests of director Brett Peter Cairns in one of its managed listed funds. The adjustment relates to units held in the Muzinich BDC Income Fund – Active ETF, while...
Associate Global Partners Director Increases ETF Holdings via Dividend Reinvestment
Associate Global Partners Limited reported a minor change in director Jason Craig Billings’ indirect holdings, reflecting additional units in the Muzinich BDC Income Fund – Active ETF held via Jasbaat Super Pty Ltd. The adjustment arose f...
Associate Global Partners Sets Date for 2026 AGM and Director Nomination Deadline
Associate Global Partners Limited has scheduled its 2026 Annual General Meeting of shareholders for 19 November 2026 in line with ASX Listing Rule requirements. The company will circulate the formal Notice of Meeting and further AGM details to shareh...
Associate Global Partners Director Brett Cairns Lifts Indirect Shareholding
Associate Global Partners Limited has disclosed a change in the indirect shareholding of director Brett Peter Cairns, reflecting a modest increase in his stake in the company. The additional fully paid ordinary shares were acquired via an on-market t...
Associate Global Partners Director Receives Loyalty Bonus Units in Active ETF
Associate Global Partners Limited, an Australian asset manager, offers listed active exchange-traded funds such as the WCM Quality Global Growth Fund and the Muzinich BDC Income Fund through its subsidiaries as responsible entities. The firm focuses...
Associate Global Partners Updates Director’s ETF Holdings via Loyalty Bonus
Associate Global Partners Limited has disclosed a change in director Jason Craig Billings’ indirect interests, reflecting an increase in units held in the WCM Quality Global Growth Fund-Active ETF through his self-managed superannuation structu...
Associate Global Partners Issues Over 1.1 Million Unquoted Performance Rights
Associate Global Partners Limited has notified the market of the issue of 1,104,000 unquoted performance rights, recorded under the ASX security code APLAA. The securities were issued on 26 August 2026 and are not intended to be quoted on the ASX.The...
AGP Details FY2026 Performance and Strategic Priorities in Investor Presentation
Associate Global Partners Limited, listed on the ASX as APL, is an investment management firm that collaborates with specialist manager partners. It offers investors access to diversified managed strategies, supported by ongoing financial disclosure...
Associate Global Partners lodges updated ASX governance statement and Appendix 4G
Associate Global Partners Limited has released its updated corporate governance statement for the financial year ended 30 June 2026, confirming that the document is current as of 26 August 2026 and available on its website. The company states that it...
Associate Global Partners to Issue 1.1 Million Performance Rights
Associate Global Partners Limited, listed on the ASX under the code APL, operates in the asset management and investment services industry. The company structures and manages listed investment products, including performance-linked securities, aimed...
Associate Global Partners Director Increases Units via Dividend Reinvestment
Associate Global Partners Limited has disclosed a minor change in the indirect holdings of director Brett Peter Cairns in one of the listed funds managed by its subsidiary. Cairns, who holds substantial fully paid ordinary shares in the company throu...
Associate Global Partners Director Increases Holding via ETF Dividend Reinvestment
Associate Global Partners Limited has reported a change in director Jason Craig Billings’ indirect holdings, which are held through Jasbaat Super Pty Ltd, where he is a director and shareholder. His interests span fully paid ordinary shares in...
Associate Global Partners Director Increases Stake via Dividend Reinvestment
Associate Global Partners Limited reported a change in the indirect interests of director Nerida Campbell, reflecting adjustments in her holdings tied to the WCM Quality Global Growth Fund – Active ETF. Campbell, through Oliver Road Investments...
Associate Global Partners Director Increases Indirect ETF Holdings via DRP
Associate Global Partners Limited has disclosed a change in the indirect holdings of director Jason Craig Billings, reflecting movements in units held via Jasbaat Super Pty Ltd as trustee for Jasbaat Super A/C. The update concerns his interests in th...
Associate Global Partners Director Increases ETF Holdings via DRP
Associate Global Partners Limited reported a change in the indirect interests of director Brett Peter Cairns in units of listed funds managed by the company’s subsidiary. The change relates to additional units in the WCM Quality Global Growth F...
Associate Global Partners Updates Director Martin Switzer’s Investment Holdings
Associate Global Partners has disclosed a change in director Martin Switzer’s interests, detailing his direct and indirect holdings in company shares, performance rights, and units in listed funds managed by its subsidiary. The notice shows no...
Associate Global Partners Converts 1.82 Million Employee Performance Rights Into Shares
Associate Global Partners Limited has converted 1,822,000 vested employee performance rights into an equivalent number of fully paid ordinary shares, expanding its share base and crystallising staff equity incentives. The move reflects the company...
Associate Global Partners Expands Quoted Share Base on ASX
Associate Global Partners Limited has lodged an application with the ASX for quotation of new ordinary fully paid shares. The filing covers the issuance of 1,822,000 APL securities, dated 4 July 2026, under the exchange’s Appendix 2A rules.The...
AGP Partners with ARK to Bring Disruptive Innovation Venture Fund to Australian Investors
Associate Global Partners has signed a distribution agreement with U.S.-based ARK Investment Management to offer Australian wholesale investors access to the ARK Venture Fund, an actively managed portfolio focused on disruptive innovation. The move r...
Associate Global Partners Director Modestly Increases Indirect Fund Holdings
Associate Global Partners Limited has reported a small change in the indirect securities holdings of director Brett Peter Cairns, reflecting activity in funds managed by the company’s subsidiary. Cairns’ interests are held through various...
Associate Global Partners director increases holding via dividend reinvestment
Associate Global Partners Limited has disclosed a change in the indirect holdings of director Jason Craig Billings, reflecting his interest via Jasbaat Super Pty Ltd as trustee for his superannuation account. The director’s portfolio includes f...
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.
Date of analysis: Sep 23, 2026