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Energy Resources of Australia Class A (ERA) AI Stock Analysis

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AU:ERA

Energy Resources of Australia Class A

(ASX:ERA)

Select Model
Rating:43Neutral
Price Target:AUD 0.01â–²(0.00% Upside)
Action:reiterated
Date:11/05/26

The score is primarily held down by very weak financial performance (deeply negative equity, ongoing net losses, and large sustained cash burn). Technicals are neutral with little trend signal at the current price level, and valuation is constrained by negative earnings and no stated dividend yield.

Positive Factors
Low headline debtLow absolute debt reduces interest burden and credit risk, giving ERA structural financial flexibility while it executes lengthy remediation projects. Over 2–6 months this lowers near-term default risk and preserves capacity to source project financing or staged funding for closure works.
Negative Factors
Deeply negative shareholders' equityDeeply negative equity reflects cumulative losses and materially weakens the balance sheet cushion, limiting the company's ability to absorb shocks or self-fund long-duration remediation liabilities. This structural impairment increases reliance on external capital or sponsor support.

Energy Resources of Australia Class A (ERA) vs. iShares MSCI Australia ETF (EWA)

-10%-5%0%5%10%15%20%AU:ERA0.00%EWA+16.39%Aug '26Sep '26Oct '26Nov '26
Market Cap
AUD 932.41M
Dividend Yield
―
Average Volume (3M)
17.71M
Price to Earnings (P/E)
-20.0
Beta (1Y)
-0.48
Revenue Growth
66.05%
EPS Growth
-100.00%
Country
Australia
Employees
190
Sector
Energy
Sector Strength
65
Industry
Other Precious Metals

Energy Resources of Australia Class A Business Overview & Revenue Model

Company Description

Energy Resources of Australia Ltd. engages in the sale of uranium oxide and site rehabilitation. The company was founded on February 8, 1980, and is headquartered in Darwin, Australia.

Energy Resources of Australia Class A Financial Statement Overview

Summary

Financial statements indicate very weak overall health: persistent net losses (2025 net income about -A$50.3m), sustained large negative operating/free cash flow (both about -A$192.2m in 2025), and deeply negative equity (~-A$1.17bn in 2025). A 2025 revenue rebound and improved reported margins are positives but not enough to offset the multi-year loss and cash-burn profile.

Income Statement

24Negative

Balance Sheet

14Very Negative

Cash Flow

12Very Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue58.87M204.00K36.35M34.18M35.55M190.35M
Gross Profit-73.91M-104.77M35.88M33.08M12.80M-640.07M
EBITDA49.58M-9.08M44.01M18.74M8.38M40.64M
Net Income-50.32M-50.32M-245.97M-1.39B-160.55M-650.21M
Balance Sheet
Total Assets1.17B1.17B1.35B828.80M679.77M855.93M
Cash, Cash Equivalents and Short-Term Investments598.37M598.37M791.33M216.95M87.12M163.87M
Total Debt78.00K78.00K385.00K680.00K13.22M93.00K
Total Liabilities2.34B2.34B2.46B2.46B1.28B1.30B
Stockholders Equity-1.17B-1.17B-1.11B-1.63B-603.66M-442.42M
Cash Flow
Free Cash Flow-192.22M-192.22M-184.02M-223.32M-147.19M-37.98M
Operating Cash Flow-192.22M-192.22M-183.95M-223.25M-146.96M-37.93M
Investing Cash Flow-79.87M-79.87M-459.69M1.27M59.28M-43.00K
Financing Cash Flow-863.00K-863.00K758.00M351.81M10.94M-2.51M

Energy Resources of Australia Class A Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

AU:ERA against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *65Neutral$15.17B7.614.09%5.20%3.87%-62.32%
AU:PDNAU:PDN63NeutralAUD 3.33B443.830.46%―――
AU:BKYAU:BKY49NeutralAUD 377.12M-41.02-11.85%――-59.84%
AU:NXGAU:NXG47NeutralAUD 7.65B-25.95-16.11%――-21.57%
AU:ERAAU:ERA43NeutralAUD 810.79M-20.004.35%―66.05%-100.00%
AU:BMNAU:BMN42NeutralAUD 810.24M-86.65-3.00%――-61.38%
AU:DYLAU:DYL40UnderperformAUD 677.24M53.432.05%――85.14%

* Energy Sector Average

Performance Comparison

-50%0%50%AU:ERAAU:PDNAU:BKYAU:BMNAU:DYLAU:NXGAug '26Sep '26Oct '26Nov '26
AU:ERA and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:ERAEnergy Resources of Australia Ltd. Class A0.010.000.00%
AU:PDNPaladin Energy Ltd7.15-0.93-11.51%
AU:BKYBerkeley Energia Limited0.810.2645.95%
AU:BMNBannerman Energy Ltd3.360.3310.89%
AU:DYLDeep Yellow Limited0.69-0.85-55.19%
AU:NXGNexGen Energy Ltd. Shs Chess Depository Interests repr 1 shs11.19-2.31-17.11%

Energy Resources of Australia Class A Corporate Events

ERA Flags Higher Ranger Rehab Costs as Rio Tinto Takeover Appeal Looms

Oct 22, 2026

Energy Resources of Australia has completed a review of its Ranger Project Works Tranche 1A, revealing that refinements to the Pit 3 capping methodology will extend the schedule by about 14 months and materially increase rehabilitation costs. The com...

Energy Resources of Australia Updates Director’s Equity Interests in Rio Tinto

Oct 22, 2026

Energy Resources of Australia has disclosed a change in director Justin Carey’s relevant interests in Rio Tinto Limited securities, reflecting adjustments under the Rio Tinto Global Employee Share Plan and Equity Incentive Program. Carey’...

Energy Resources of Australia appoints new Chair to lead Ranger rehabilitation

Oct 14, 2026

Energy Resources of Australia has announced a leadership change, with Independent Non-Executive Director Rick Dennis resigning as Chair of the Board, effective 16 October 2026, due to personal circumstances. The Board has appointed fellow Independent...

Energy Resources of Australia Updates Director’s Securities Holdings Disclosure

Oct 5, 2026

Energy Resources of Australia has disclosed a change in director Rosemary Fagen’s relevant interests in securities, in line with ASX listing rules. The notice details her holdings in Rio Tinto Limited shares and rights under Rio Tinto’s e...

Energy Resources of Australia Discloses Director’s Increased Rio Tinto Shareholding

Oct 5, 2026

Energy Resources of Australia has disclosed a change in director Brad Welsh’s relevant interests in Rio Tinto Limited shares, reflecting participation in Rio Tinto’s global employee share schemes. The notice outlines both direct and indir...

Energy Resources of Australia Updates Director’s Rio Tinto Shareholdings

Oct 5, 2026

Energy Resources of Australia has reported a change in director Justin Carey’s relevant interests in securities, detailing an increase in his indirect holding of Rio Tinto Limited shares. The additional shares were acquired through Rio Tinto&#8...

Energy Resources of Australia Files Final Director Interest Notice for Kenneth Wyatt

Aug 21, 2026

Energy Resources of Australia Limited has lodged a final director’s interest notice with the ASX for board member Kenneth George Wyatt, following his cessation as a director on 21 August 2026. The filing confirms that Wyatt held no relevant int...

Energy Resources of Australia Discloses Final Director Interest as Alfred Grigg Departs Board

Aug 21, 2026

Energy Resources of Australia has announced the cessation of Alfred Grigg as a director effective 21 August 2026, formalising his final interests in related securities. The filing details Grigg’s direct holdings in Rio Tinto Limited shares and...

Energy Resources of Australia Announces Resignation of Two Non‑Executive Directors

Aug 21, 2026

Energy Resources of Australia has announced the resignation of two non‑executive directors, The Hon Kenneth Wyatt AM JP and Alfred Grigg, effective at the close of business on 21 August 2026. The company expressed appreciation for their signifi...

Energy Resources of Australia Posts Deepening Losses and Negative Net Assets in June Half

Aug 21, 2026

Energy Resources of Australia Class A, part of the Rio Tinto Group, is a uranium mining and energy resources company primarily associated with the Ranger project in Jabiru, Northern Territory. The business is focused on managing legacy mining operati...

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: Nov 05, 2026