Want to see AU:APL full AI Analyst Report?
Top Page
Contango Asset Management Ltd.
(Sydney:APL)
Select Model
Select Model
Rating:48Neutral
Price Target:
AU$0.26
â–²(0.77% Upside)
Action:Reiterated
Date:08/30/26
The score is held back primarily by weak financial performance—ongoing losses and a steep 2026 revenue drop—partly offset by a low-leverage balance sheet and recently positive (but volatile) cash flow. Technicals are mixed with weaker momentum signals, while valuation is unfavorable due to a high P/E and no dividend yield.
Positive Factors
Conservative Balance Sheet
Low leverage and a meaningful equity cushion reduce financial risk and provide flexibility for Contango to manage periods of weak earnings without relying heavily on additional borrowing.
Negative Factors
Sharp Revenue Decline
The severe 2026 revenue contraction raises concerns about the stability of funds under management, client mandates or fee income, and weakens visibility into the company’s sustainable future revenue base.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage and a meaningful equity cushion reduce financial risk and provide flexibility for Contango to manage periods of weak earnings without relying heavily on additional borrowing.
Read all positive factors
Contango Asset Management Ltd. (APL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$14.84M
Dividend Yield6.32%
Average Volume (3M)930.00
Price to Earnings (P/E)―
Beta (1Y)-0.73
Revenue Growth0.92%
EPS Growth-293.33%
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management - Global
Share Statistics
EPS (TTM)-0.01
Shares Outstanding59,364,426
10 Day Avg. Volume761
30 Day Avg. Volume930
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)1.82
Price to Sales (P/S)1.84
P/FCF Ratio21.51
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
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 ...
Contango Asset Management Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
66
Positive
Cash Flow
55
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.15M | 6.66M | 6.03M | 5.66M | 6.21M |
| Gross Profit | 6.36M | 6.50M | 5.08M | 3.85M | 4.32M |
| EBITDA | 68.00K | -42.00K | -421.00K | -1.75M | -425.00K |
| Net Income | -681.00K | -171.00K | -798.00K | -1.99M | -642.00K |
Balance Sheet | |||||
| Total Assets | 12.84M | 12.58M | 12.71M | 13.09M | 13.21M |
| Cash, Cash Equivalents and Short-Term Investments | 3.71M | 4.84M | 4.18M | 4.05M | 6.59M |
| Total Debt | 2.03M | 1.93M | 1.74M | 1.95M | 1.62M |
| Total Liabilities | 5.60M | 4.92M | 4.99M | 6.01M | 4.31M |
| Stockholders Equity | 7.23M | 7.67M | 7.72M | 7.08M | 8.90M |
Cash Flow | |||||
| Free Cash Flow | 612.00K | 882.00K | -495.00K | -2.17M | -833.00K |
| Operating Cash Flow | 650.00K | 885.00K | -489.00K | -2.16M | -824.00K |
| Investing Cash Flow | -1.06M | -226.00K | -607.00K | -307.00K | 1.82M |
| Financing Cash Flow | -723.00K | 0.00 | 1.23M | -71.00K | 76.00K |
Contango Asset Management Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$47.86M | 8.47 | 22.72% | 8.92% | -11.68% | -19.96% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | AU$1.45B | 45.42 | 2.41% | 1.89% | 2.27% | -84.63% | |
58 Neutral | AU$49.19M | -6.33 | -9.58% | 6.63% | -42.55% | -396.54% | |
48 Neutral | AU$14.84M | -22.12 | -9.09% | 6.32% | 0.92% | -293.33% | |
45 Neutral | AU$24.67M | 30.30 | 3.35% | 2.66% | -50.69% | 47.76% | |
41 Neutral | AU$15.36M | -4.10 | -382.28% | ― | 6.13% | 58.51% |
* Financial Sector Average
AU:APL
Contango Asset Management Ltd.
0.25
0.11
72.41%
AU:NGI
Navigator Global Investments Ltd
2.37
0.25
12.06%
AU:IAM
Income Asset Management Group Limited
0.02
-0.03
-65.96%
AU:CIW
Clime Investment Management Ltd
0.30
-0.09
-23.27%
AU:MAM
Microequities Asset Management Group Ltd.
0.37
-0.15
-28.16%
AU:SB2
Salter Brothers Emerging Companies Ltd.
0.59
-0.10
-14.97%
Contango Asset Management Ltd. Corporate Events
Associate Global Partners Issues Over 1.1 Million Unquoted Performance Rights
Aug 26, 2026
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....
AGP Details FY2026 Performance and Strategic Priorities in Investor Presentation
Aug 26, 2026
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 disclosu...
Associate Global Partners lodges updated ASX governance statement and Appendix 4G
Aug 26, 2026
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...
Associate Global Partners to Issue 1.1 Million Performance Rights
Aug 25, 2026
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, aim...
Associate Global Partners Director Increases Units via Dividend Reinvestment
Aug 21, 2026
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 th...
Associate Global Partners Director Increases Holding via ETF Dividend Reinvestment
Aug 21, 2026
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 ...
Associate Global Partners Director Increases Stake via Dividend Reinvestment
Jul 23, 2026
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 Investme...
Associate Global Partners Director Increases Indirect ETF Holdings via DRP
Jul 23, 2026
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...
Associate Global Partners Director Increases ETF Holdings via DRP
Jul 23, 2026
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 Growt...
Associate Global Partners Updates Director Martin Switzer’s Investment Holdings
Jul 8, 2026
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 ...
Associate Global Partners Converts 1.82 Million Employee Performance Rights Into Shares
Jul 6, 2026
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
Jul 6, 2026
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.T...
AGP Partners with ARK to Bring Disruptive Innovation Venture Fund to Australian Investors
Jul 2, 2026
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 mov...
Associate Global Partners Director Modestly Increases Indirect Fund Holdings
Jun 23, 2026
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 vari...
Associate Global Partners director increases holding via dividend reinvestment
Jun 23, 2026
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 include...
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...
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.