TipRanks
Go Ultimate55% OFF

EcoGraf (EGR) AI Stock Analysis

Top Page

AU:EGR

EcoGraf

(ASX:EGR)

Select Model
Rating:45Neutral
Price Target:AUD 0.18â–¼(-18.18% Downside)
Action:reiterated
Date:10/14/26

The score is constrained primarily by weak financial performance—no revenue, ongoing losses, and continued negative operating and free cash flow—despite some improvement in losses and cash burn. Technicals further weigh on the score, with the stock trading below all key moving averages and negative momentum. Low leverage is the main offsetting strength, while valuation support is limited because the company remains unprofitable and no dividend yield is available.

Positive Factors
Low leverageVery low leverage preserves financial flexibility and reduces the burden of interest and refinancing obligations. This gives EcoGraf more capacity to fund project development or absorb operating volatility, although the benefit is tempered by its continuing losses and cash consumption.
Negative Factors
No revenueThe absence of reported revenue across six fiscal years shows that EcoGraf has not yet converted its graphite projects and processing technologies into commercial sales. This delays self-funded growth, leaves financial performance dependent on future execution, and limits visibility on a sustainable earnings base.

EcoGraf (EGR) vs. iShares MSCI Australia ETF (EWA)

-80%-60%-40%-20%0%20%AU:EGR-56.86%EWA+13.51%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
AUD 62.77M
Dividend Yield
―
Average Volume (3M)
170.87K
Price to Earnings (P/E)
-52.4
Beta (1Y)
0.79
Revenue Growth
―
EPS Growth
57.27%
Country
Australia
Employees
4,800
Sector
Basic Materials
Sector Strength
61
Industry
Industrial Materials

EcoGraf Business Overview & Revenue Model

Company Description

EcoGraf Limited engages in the exploration and production of graphite products for the lithium-ion battery and advanced manufacturing markets in Tanzania and Australia. It is also involved in the recycle and manufacture of battery anode materials off...

EcoGraf Financial Statement Overview

Summary

Financial strength is mixed: the balance sheet is a clear positive with very low leverage (FY2026 debt ~0.35m; debt-to-equity ~0.008), but operating fundamentals are weak with no revenue across FY2021–FY2026, ongoing losses (FY2026 net loss -2.2m; EBIT -5.4m), and persistent cash burn (FY2026 operating cash flow -3.2m; free cash flow -8.2m). Losses have narrowed versus prior years, but the business remains cash-consuming and equity has been eroding over time.

Income Statement

12Very Negative

Balance Sheet

74Positive

Cash Flow

18Very Negative
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue000000
Gross Profit-123.00K-123.00K-3.15M-2.93M-17.00K-11.00K
EBITDA-5.23M-5.23M-5.77M-6.99M-8.32M-8.00M
Net Income-2.19M-2.19M-5.01M-5.66M-7.30M-7.50M
Balance Sheet
Total Assets45.56M45.56M49.94M55.89M62.09M65.73M
Cash, Cash Equivalents and Short-Term Investments3.82M3.82M11.20M25.46M38.61M46.73M
Total Debt353.00K353.00K135.00K228.00K00
Total Liabilities1.51M1.51M2.76M5.08M3.19M2.31M
Stockholders Equity44.30M44.30M47.32M50.87M58.90M63.42M
Cash Flow
Free Cash Flow-2.93M-8.20M-15.02M-14.55M-8.55M-6.01M
Operating Cash Flow-2.91M-3.21M-6.46M-5.36M-6.43M-5.85M
Investing Cash Flow-4.99M-4.69M-7.68M-7.70M37.88M9.97M
Financing Cash Flow524.00K524.00K-113.00K-90.00K454.00K110.00K

EcoGraf Technical Analysis

Technical Analysis SentimentNegative
Last Price0.22

Price Trends

50DMA0.26Negative
100DMA0.26Negative
200DMA0.31Negative

Market Momentum

MACD-0.02Negative
RSI46.56Neutral
STOCH91.53Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EGR, the sentiment is Negative. The current price of 0.22 is above the 20-day moving average (MA) of 0.22, below the 50-day MA of 0.26, and below the 200-day MA of 0.31, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 46.56 is Neutral, neither overbought nor oversold. The STOCH value of 91.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:EGR.

EcoGraf Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

AU:EGR against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
AU:WTMAU:WTM45NeutralAUD 298.95M-5.40-66.87%――22.99%
AU:EGRAU:EGR45NeutralAUD 106.23M-52.38-4.69%――57.27%
AU:TLGAU:TLG44NeutralAUD 104.74M-5.05-42.02%―89.07%-4.10%
AU:BKTAU:BKT43NeutralAUD 23.63M-2.97-11.28%――45.59%
AU:QGLAU:QGL42NeutralAUD 122.70M-27.34-36.73%――9.86%
AU:SYRAU:SYR40UnderperformAUD 150.93M-0.49-46.99%―234.01%8.57%

* Basic Materials Sector Average

Performance Comparison

-75%-50%-25%0%AU:EGRAU:SYRAU:TLGAU:QGLAU:BKTAU:WTMDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
AU:EGR and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:EGREcograf Ltd.0.22-0.31-58.10%
AU:SYRSyrah Resources Limited0.07-0.22-77.59%
AU:TLGTalga Group Ltd.0.20-0.25-54.44%
AU:QGLQuantum Graphite Ltd0.35-0.09-20.45%
AU:BKTBlack Rock Mining Limited0.01-0.01-35.29%
AU:WTMBattery Minerals Ltd.0.770.079.22%

EcoGraf Corporate Events

EcoGraf Reaffirms HFfree Battery Anode Strategy and Long-Life Epanko Resource Base

Oct 26, 2026

EcoGraf has outlined its plans for a vertically integrated, HFfree supply chain serving the lithium-ion battery sector, anchored by the Epanko graphite project and an HFfree battery anode material facility. The company emphasises that its production...

EcoGraf boosts Epanko capacity, secures funding to drive integrated graphite strategy

Oct 25, 2026

EcoGraf reported quarterly progress centred on expanding its Epanko Graphite Mine in Tanzania, where a value engineering review indicated a potential 20% boost in Stage 1 nameplate capacity to 87,600 tonnes per year and a near 6% cut in C1 operating...

EcoGraf Moves to Digital AGM Materials as Shareholders Urged to Vote on Key Resolutions

Oct 23, 2026

EcoGraf Limited has dispatched key documents for its 2026 Annual General Meeting, including the notice of meeting and proxy forms, ahead of the shareholder vote scheduled for 24 November in Perth. The company is urging shareholders to participate act...

EcoGraf Raises $1.175m Through Share Placement to Institutional Investors

Oct 13, 2026

EcoGraf Limited has completed a share placement to institutional and sophisticated investors, raising $1.175 million before costs through the issue of 5,292,796 new shares at $0.222 each. The shares were issued under the company’s existing plac...

EcoGraf Sets AGM Date as It Builds Integrated Battery Anode Business

Oct 9, 2026

EcoGraf Limited has scheduled its 2026 Annual General Meeting for 24 November in accordance with ASX requirements, and has set 16 October as the deadline for valid director nominations at its registered office. Further details of the meeting will be...

EcoGraf director Robert Pett increases indirect shareholding via share purchase plan

Oct 8, 2026

EcoGraf director Robert Pett has increased his indirect shareholding in the company through participation in a share purchase plan. The additional 67,567 shares were acquired at $0.222 per share via his superannuation fund vehicle, Economics Consulta...

EcoGraf Raises $3.6m in Oversubscribed Share Purchase Plan

Oct 8, 2026

EcoGraf has completed a share purchase plan that offered eligible shareholders up to $30,000 worth of fully paid ordinary shares, raising $3.552 million before costs and surpassing its original $2 million target. The board chose to accept the oversub...

EcoGraf plans placement of over 5.2 million new shares

Oct 6, 2026

EcoGraf Limited has notified the ASX of a proposed issue of ordinary fully paid shares under a placement or similar structure. The company plans to issue up to 5,292,796 new securities, with the proposed issue date set for 13 October 2026, as part of...

EcoGraf raises A$4.7m to advance Epanko and battery anode expansion

Oct 6, 2026

EcoGraf has secured firm commitments for a A$1.175 million share placement at A$0.222 per share, following the completion of a Share Purchase Plan that raised A$3.552 million at the same price. The placement, conducted without a prospectus under exis...

EcoGraf Seeks ASX Quotation for Nearly 16 Million New Shares

Oct 4, 2026

EcoGraf Limited has applied for the quotation of 15,999,933 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 5 October 2026. The move expands the company’s listed share capital and may support future f...

EcoGraf Requests Trading Halt Ahead of Capital Raising Announcement

Oct 4, 2026

EcoGraf Limited has requested a trading halt of its securities on the Australian Securities Exchange, effective from 5 October 2026. The halt is expected to remain in place until normal trading resumes on Wednesday, 7 October 2026, or until the compa...

EcoGraf Secures $3.55m in Oversubscribed Share Purchase Plan at Discounted Price

Oct 2, 2026

EcoGraf Limited has set the issue price for new shares under its oversubscribed Share Purchase Plan at A$0.222 per share, following the raising of $3.552 million against an initial target of $2 million. The shares, issued at a 20% discount to the rec...

EcoGraf’s Epanko Study Flags 20% Output Lift and Lower Costs

Oct 2, 2026

EcoGraf has completed a Value Engineering Review for the Epanko Graphite Project that points to a 20% increase in Stage 1 nameplate capacity to 87,600tpa during the oxide ore phase. The study suggests this uplift can be achieved with selective plant...

EcoGraf Advances German HFfree® Graphite Purification Hub for Europe

Oct 1, 2026

EcoGraf is progressing the assessment of an industrial site in Germany for a 25,000tpa EcoGraf HFfree® purification facility to produce battery anode material and high-purity graphite. The proposed location is intended to serve expanding battery...

EcoGraf Share Plan Closes Oversubscribed, Bolstering Graphite Growth Strategy

Sep 30, 2026

EcoGraf Limited has closed its underwritten share purchase plan significantly oversubscribed, raising $3.552 million against a $2 million target and opting to accept the full oversubscription. New shares, to be issued at a 20% discount to the recent...

EcoGraf Sets Out 2026 Strategy Around Tanzanian Graphite and Purification Technology

Sep 24, 2026

EcoGraf Limited’s 2026 annual report outlines its activities and performance for the 2025-2026 period, highlighting operations centred on Tanzanian graphite projects and its EcoGraf HFfree® purification technology. The report signals the c...

EcoGraf flags 20% output lift, lower costs at Epanko graphite project

Sep 24, 2026

EcoGraf has completed a value engineering review for its Epanko Graphite Project that indicates Stage 1 nameplate production capacity could rise by 20% to 87,600 tonnes per annum while maintaining high flake quality. The study also estimates C1 opera...

EcoGraf Secures EIB Grant to Advance Vertically Integrated Graphite Expansion

Sep 21, 2026

EcoGraf has commenced activities under a European Investment Bank technical assistance grant of up to €2 million to support the Epanko graphite project and its vertically integrated battery anode materials strategy. The funding will cover indep...

EcoGraf Plans Issue of 5 Million Unquoted Options on ASX

Sep 2, 2026

EcoGraf Limited has notified the ASX of a proposed issue of up to 5,000,000 unquoted options as part of a placement or other type of security issue. The options, forming a new class of securities, are scheduled for issue on 24 November 2026, reflecti...

EcoGraf Launches Securities Purchase Plan to Issue New Shares

Sep 2, 2026

EcoGraf Limited has announced a proposed issue of ordinary fully paid shares under a securities purchase plan, offering up to 138,465,364 new EGR shares to eligible investors. The offer is structured under ASX Listing Rules, with a record date of 2 S...

EcoGraf Launches Underwritten Share Purchase Plan to Raise $2 Million

Sep 2, 2026

EcoGraf Limited has launched a Share Purchase Plan offering eligible shareholders the opportunity to apply for up to $30,000 of new shares, aiming to raise approximately $2 million before costs. The issue price will be set at a 20% discount to the fi...

EcoGraf outlines share purchase plan amid strict offer disclaimers

Sep 2, 2026

EcoGraf has released a corporate presentation outlining details of an underwritten equity capital raising via a share purchase plan, offering new fully paid ordinary shares to existing investors. The company frames the document as informational rathe...

EcoGraf launches underwritten share purchase plan to fund battery materials growth

Sep 2, 2026

EcoGraf Limited has launched an underwritten Share Purchase Plan to raise approximately A$2 million by offering discounted new shares to eligible investors across several jurisdictions, with flexibility to accept applications above the underwritten a...

EcoGraf Seeks Trading Halt Ahead of Capital Raising Announcement

Aug 31, 2026

EcoGraf Limited has requested and received a trading halt on its securities from the ASX, effective 1 September 2026, pending the release of an announcement on a proposed capital raising. The halt is expected to remain in place until either normal tr...

EcoGraf Doubles German Offtake Volumes to 40,000 tpa for Epanko Graphite

Aug 12, 2026

EcoGraf has signed a binding term sheet with a major German graphite trader to sell natural flake graphite from its Epanko project in Tanzania, replacing a prior agreement. The new arrangement envisages purchases of 20,000 tonnes per year from start-...

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.

Date of analysis: Oct 14, 2026