Cokal (CKA) AI Stock Analysis

• Market Cap: AU$51.79M
• Dividend Yield: N/A
• Average Volume (3M): 750.22K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.30
• Revenue Growth: -8.59%
• EPS Growth: 25.90%
• Country: AU
• Employees: 2
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Coal
• EPS (TTM): -0.01
• Shares Outstanding: 1,078,949,000
• 10 Day Avg. Volume: 1,535,064
• 30 Day Avg. Volume: 750,222
• PEG Ratio: 0.12
• Price to Book (P/B): -1.39
• Price to Sales (P/S): 6.48
• P/FCF Ratio: -3.91
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 0

• Rating: 40 Underperform
• Price Target: AU$0.00 ▼(-100.00% Downside)

Cokal's overall stock score is low due to significant financial challenges, including negative profit margins and high leverage. Technical analysis suggests potential overvaluation, and the absence of earnings call and corporate events data limits further insights. The stock's valuation is also unattractive due to a negative P/E ratio and no dividend yield.

Cokal Business Overview & Revenue Model

Company Description

Cokal Limited engages in the identification and development of coal in Indonesia. Its flagship property is its 60% owned Bumi Barito Mineral project, a metallurgical coal project that covers an area of 14,980 ha located in Kalimantan, Indonesia. The company was incorporated in 1998 and is based in Sydney, Australia.

How the Company Makes Money

Cokal Limited generates revenue through the extraction, production, and sale of metallurgical coal from its mining projects in Indonesia. The company's primary revenue stream comes from the sale of high-quality coking coal to steel manufacturers and industrial consumers globally. Cokal's earnings are significantly influenced by coal prices, production volumes, and the efficiency of its mining operations. Additionally, strategic partnerships and agreements with local and international stakeholders play a crucial role in facilitating market access and enhancing operational capabilities.

Cokal Financial Statement Overview

Summary

Cokal Limited faces significant financial challenges with negative profit margins, high leverage, and negative cash flow, indicating severe financial distress and the need for strategic restructuring.

Income Statement

Cokal Limited is experiencing significant challenges in its income statement, with negative gross and net profit margins indicating an inability to cover costs. The company also shows deteriorating revenue growth and negative EBIT and EBITDA margins, highlighting operational inefficiencies and profitability issues.

Balance Sheet

The balance sheet reveals a concerning financial position with negative stockholders' equity indicating insolvency risk. The high debt-to-equity ratio suggests excessive leverage, posing financial stability risks. Additionally, the equity ratio is negative, further emphasizing financial distress.

Cash Flow

Cokal Limited's cash flow statement shows a negative free cash flow growth rate and operating cash flow, indicating cash burn issues. The free cash flow to net income ratio is unfavorable, suggesting poor cash generation relative to accounting profits. The company relies heavily on financing activities to support operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.46M	5.16M	5.61M	24.58K	39.61K	4.53K
Gross Profit	-2.95M	-3.17M	908.00K	-616.59K	-220.58K	-213.01K
EBITDA	-5.77M	-8.73M	-8.96M	-13.13M	-9.52M	-3.32M
Net Income	-14.56M	-11.24M	-14.73M	-13.78M	-9.83M	-3.62M
Balance Sheet
Total Assets	44.97M	73.96M	67.42M	64.78M	44.24M	35.17M
Cash, Cash Equivalents and Short-Term Investments	481.81K	2.59M	2.27M	2.23M	724.29K	414.46K
Total Debt	25.50M	47.91M	38.23M	30.83M	23.47M	5.17M
Total Liabilities	53.44M	97.99M	80.12M	62.74M	44.28M	26.50M
Stockholders Equity	-8.47M	-24.03M	-12.70M	2.04M	-40.85K	8.67M
Cash Flow
Free Cash Flow	-7.37M	-8.56M	-7.42M	-19.87M	-17.15M	-2.90M
Operating Cash Flow	-1.44M	-2.55M	-1.44M	-8.60M	-11.63M	-2.36M
Investing Cash Flow	-7.43M	-6.01M	-7.33M	-11.27M	-5.52M	-545.00K
Financing Cash Flow	7.57M	8.79M	7.47M	21.34M	17.41M	2.08M

Cokal Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CKA, the sentiment is Positive. The current price of 0.05 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 75.84 is Negative, neither overbought nor oversold. The STOCH value of 95.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CKA.

Cokal Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CKA	40 Underperform	AU$51.79M	―	―	―	-8.59%	25.90%
BCB	38 Underperform	AU$8.08M	-0.07	―	―	-4.19%	84.70%
JAL	38 Underperform	AU$74.63M	-65.63	―	―	―	40.74%
NCR	38 Underperform	AU$3.07M	-25.00	―	―	―	―
AQC	16 Underperform	AU$4.55M	-0.10	―	―	―	-487.06%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Cokal Corporate Events

Cokal Secures Funding to Boost Coal Production Amid Market Challenges

Cokal Limited has secured a US$15 million strategic debt funding from International Commodity Trade Pte Ltd, a long-term shareholder, to enhance infrastructure development and metallurgical coal production at its BBM mine. The company resumed domestic coal shipments after a market-induced pause and is operating at minimal production levels due to weak market conditions. Cokal aims to maintain financial resilience and operational stability while preparing for future production increases as market conditions improve. The company is focused on selective mining strategies to manage costs and preserve cash flow, ensuring long-term value for stakeholders.

Cokal Secures $15M Funding to Boost Coal Production

Cokal Limited has secured a strategic debt funding of US$15 million from long-term shareholder Eddie Chin, through International Commodity Trade Pte Ltd, to boost metallurgical coal production at its BBM mine. This funding will be used to enhance mining operations and transport infrastructure, aiming to improve operational efficiencies and reduce costs per tonne of coal. Additionally, Cokal has terminated all agreements with Cratus, signaling a strategic shift in its operations.