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Cokal
(Sydney:CKA)
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Rating:41Neutral
Price Target:
AU$0.04
▼(-10.00% Downside)
Action:Reiterated
Date:06/27/26
Overall score is driven primarily by weak financial performance, including persistent unprofitability, negative equity, and negative operating/free cash flow, which elevate solvency and liquidity risk. Technicals add additional pressure with a clear downtrend and bearish momentum, despite oversold readings. Valuation provides limited support because the negative P/E reflects losses and there is no dividend yield data.
Positive Factors
Metallurgical coal focus
Cokal’s portfolio is explicitly targeted at metallurgical (coking/PCI) coal for the steelmaking supply chain and is concentrated in Indonesia. This alignment to an industrial end‑market and proximity to Asian steel consumers supports potential long‑term offtake, contractability and strategic relevance to buyers.
Negative Factors
Persistent unprofitability
Negative gross, EBIT and net margins indicate the company is not covering operating or production costs from revenue, reflecting structural operational inefficiencies or low realized product value. Continued unprofitability undermines reinvestment ability and makes financing future development more difficult over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Metallurgical coal focus
Cokal’s portfolio is explicitly targeted at metallurgical (coking/PCI) coal for the steelmaking supply chain and is concentrated in Indonesia. This alignment to an industrial end‑market and proximity to Asian steel consumers supports potential long‑term offtake, contractability and strategic relevance to buyers.
Read all positive factors
Cokal (CKA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$41.00M
Dividend YieldN/A
Average Volume (3M)838.37K
Price to Earnings (P/E)―
Beta (1Y)2.19
Revenue Growth10.16%
EPS Growth60.40%
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryCoal
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,078,949,000
10 Day Avg. Volume722,007
30 Day Avg. Volume838,365
Financial Highlights & Ratios
PEG Ratio0.18
Price to Book (P/B)-2.13
Price to Sales (P/S)9.93
P/FCF Ratio-5.98
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
Cokal Business Overview & Revenue Model
Company Description
Cokal Limited specializes in the exploration and development of coal resources within Indonesia. Its most significant asset is the Bumi Barito Mineral project, a metallurgical coal venture in which Cokal holds a 60% interest. This project, located...
How the Company Makes Money
Cokal’s intended revenue model is based on monetizing metallurgical coal resources through the development, production, and sale of coal to industrial customers (typically steel producers and coal traders). Under this model, the company would gene...
Cokal Financial Statement Overview
Summary
Income Statement
20
Very Negative
Balance Sheet
15
Very Negative
Cash Flow
25
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.57M | 3.37M | 3.67M | 16.32K | 27.24K | 3.40K |
| Gross Profit | -1.35M | -2.07M | -2.00M | -409.48K | -151.66K | -929.39K |
| EBITDA | -2.35M | -5.70M | ― | ― | ― | -2.49M |
| Net Income | -4.19M | ― | -9.82M | -9.15M | ― | -2.71M |
Balance Sheet | ||||||
| Total Assets | 50.43M | 48.31M | 44.95M | 64.78M | 44.24M | 26.41M |
| Cash, Cash Equivalents and Short-Term Investments | 1.61M | 1.69M | 1.52M | 2.23M | 724.29K | 311.17K |
| Total Debt | 35.86M | 31.30M | 25.49M | 30.83M | 23.47M | 3.96M |
| Total Liabilities | 69.16M | 64.00M | 53.42M | 62.74M | 44.28M | 19.90M |
| Stockholders Equity | -18.73M | -15.69M | -8.47M | 2.04M | -40.85K | 6.51M |
Cash Flow | ||||||
| Free Cash Flow | -8.59M | -5.59M | -4.95M | -19.87M | -17.15M | -2.18M |
| Operating Cash Flow | -6.48M | -1.67M | -957.47K | -8.60M | -11.63M | -1.77M |
| Investing Cash Flow | -2.11M | -3.92M | -4.89M | -11.27M | -5.52M | -409.18K |
| Financing Cash Flow | 8.89M | 5.74M | 4.98M | 21.34M | 17.41M | 1.56M |
Cokal Technical Analysis
Negative
0.04
Price Trends
0.05
Negative
0.06
Negative
0.06
Negative
Market Momentum
>-0.01
Positive
33.11
Neutral
24.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CKA, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.06, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 33.11 is Neutral, neither overbought nor oversold. The STOCH value of 24.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CKA.
Cokal Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | AU$6.58B | 10.43 | 11.25% | 1.92% | -13.80% | 268.90% | |
62 Neutral | AU$2.15B | -30.54 | -2.82% | 7.32% | -19.76% | -125.65% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
44 Neutral | AU$114.82M | -1.01 | -41.52% | ― | -6.64% | -2196.77% | |
42 Neutral | AU$318.53M | -0.33 | -98.22% | 4.79% | -14.94% | -255.82% | |
41 Neutral | AU$41.00M | -6.72 | 22.56% | ― | 10.16% | 60.40% | |
41 Neutral | AU$8.08M | -2.03 | -425.94% | ― | ― | ― |
* Basic Materials Sector Average
AU:CKA
Cokal
0.04
<0.01
22.58%
AU:WHC
Whitehaven Coal Limited
8.07
2.72
50.76%
AU:BCB
Bowen Coking Coal Ltd
0.08
-0.02
-21.88%
AU:SMR
Stanmore Resources Ltd
2.39
0.64
36.57%
AU:TER
TerraCom Limited
0.06
>-0.01
-4.55%
AU:CRN
Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh
0.19
0.05
35.71%
Cokal Corporate Events
Cokal Secures RKAB Approval and Targets Late-June Coking Coal Shipment
Jun 9, 2026
Cokal Limited has secured approval for its RKAB work and budget plan for the current operational period at its Bumi Barito Mineral project in Central Kalimantan, ensuring regulatory continuity for near-term mining activities. The company plans to ...
Cokal’s Operations Slow as Market Softens and Logistics Costs Rise
Apr 30, 2026
Cokal reported that mining, hauling, and infrastructure works continued at a reduced pace in the March quarter, as delays in regulatory approvals, high fuel prices, and limited fuel availability constrained operations. Hauling and barging were fur...
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.