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Energy Resources of Australia Class A
(Sydney:ERA)
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Rating:42Neutral
Price Target:
AU$0.01
▲(400.00% Upside)
Action:Reiterated
Date:08/04/26
The score is held down primarily by weak financial performance—persistent net losses, sustained large cash outflows, and deeply negative equity. Valuation is also unattractive/unclear because earnings are negative and no dividend yield is available. Technical analysis is neutral due to missing indicator data.
Positive Factors
Low headline debt
Low 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' equity
Deeply 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Low headline debt
Low 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.
Read all positive factors
Energy Resources of Australia Class A (ERA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$810.79M
Dividend Yield2.38%
Average Volume (3M)17.71M
Price to Earnings (P/E)―
Beta (1Y)0.07
Revenue Growth66.05%
EPS Growth-100.00%
CountryAU
Employees190
SectorEnergy
Sector Strength52
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding405,396,250,000
10 Day Avg. Volume17,706,186
30 Day Avg. Volume17,706,186
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)-1.04
Price to Sales (P/S)5961.71
P/FCF Ratio-6.33
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
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....
How the Company Makes Money
ERA’s historical revenue model was based on producing and selling uranium oxide concentrate from the Ranger Uranium Mine under uranium sales contracts. Since mining and processing have ceased, publicly available information does not show an ongoin...
Energy Resources of Australia Class A Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
14
Very Negative
Cash Flow
12
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 204.00K | 36.35M | 34.18M | 35.55M | 190.35M |
| Gross Profit | -104.77M | 35.88M | 33.08M | 12.80M | -640.07M |
| EBITDA | -9.08M | -135.06M | 18.74M | -53.77M | -627.51M |
| Net Income | -50.32M | -245.97M | -1.39B | -160.55M | -650.21M |
Balance Sheet | |||||
| Total Assets | 1.17B | 1.35B | 828.80M | 679.77M | 855.93M |
| Cash, Cash Equivalents and Short-Term Investments | 598.37M | 791.33M | 216.95M | 87.12M | 163.87M |
| Total Debt | 78.00K | 385.00K | 680.00K | 13.22M | 93.00K |
| Total Liabilities | 2.34B | 2.46B | 2.46B | 1.28B | 1.30B |
| Stockholders Equity | -1.17B | -1.11B | -1.63B | -603.66M | -442.42M |
Cash Flow | |||||
| Free Cash Flow | -192.22M | -184.02M | -223.32M | -147.19M | -37.98M |
| Operating Cash Flow | -192.22M | -183.95M | -223.25M | -146.96M | -37.93M |
| Investing Cash Flow | -79.87M | -459.69M | 1.27M | 59.28M | -43.00K |
| Financing Cash Flow | -863.00K | 758.00M | 351.81M | 10.94M | -2.51M |
Energy Resources of Australia Class A Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$4.42B | 588.27 | 0.46% | ― | ― | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
55 Neutral | AU$200.83M | -23.08 | -11.85% | ― | ― | -59.84% | |
54 Neutral | AU$8.77B | -30.42 | -16.11% | ― | ― | -21.57% | |
51 Neutral | AU$921.81M | -347.75 | -0.94% | ― | ― | 70.28% | |
44 Neutral | AU$1.30B | 97.08 | 2.05% | ― | ― | 85.14% | |
42 Neutral | AU$810.79M | -20.00 | 4.35% | 2.38% | 66.05% | -100.00% |
* Energy Sector Average
AU:ERA
Energy Resources of Australia Class A
0.01
0.00
0.00%
AU:PDN
Paladin Energy Ltd
9.83
1.35
15.92%
AU:BKY
Berkeley Energia
0.45
-0.12
-21.05%
AU:BMN
Bannerman Energy
3.86
0.18
4.89%
AU:DYL
Deep Yellow Limited
1.33
-0.69
-34.16%
AU:NXG
NexGen Energy Ltd. Shs Chess Depository Interests repr 1 shs
13.39
0.12
0.90%
Energy Resources of Australia Class A Corporate Events
ERA Flags Extended Ranger Rehabilitation Schedule as Rio Tinto Pushes Takeover
Jul 30, 2026
Energy Resources of Australia reported that reforecasting of the Pit 3 capping works at the Ranger site is underway and is expected to materially extend the rehabilitation schedule, with possible cost increases and flow-on impacts to the broader c...
Energy Resources of Australia Updates Director’s Equity Interests in Rio Tinto
Jul 23, 2026
Energy Resources of Australia Ltd 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...
ERA Securities Stay Suspended on ASX Amid Appeal Over Rio Tinto Takeover
Jul 14, 2026
Energy Resources of Australia Ltd, formerly one of the nation’s largest uranium producers, has shifted its core operations from active mining to the rehabilitation of the closed Ranger Mine in the Northern Territory. The company’s work...
Appeal Delays Rio Tinto’s Compulsory Acquisition of Energy Resources of Australia
Jul 8, 2026
Energy Resources of Australia has confirmed that Zentree Investments has lodged an appeal against the Federal Court’s approval of Rio Tinto’s compulsory acquisition of ERA’s remaining ordinary shares. The appeal extends the timet...
Deep Yellow boosts Alligator Rivers footprint with Cooper Creek JV stake
Jun 29, 2026
Deep Yellow Limited has expanded its uranium exploration footprint by acquiring Energy Resources of Australia’s 50% stake in the Cooper Creek joint venture in the Northern Territory. The Cooper Creek JV covers two exploration licence applica...
Court clears Rio Tinto’s compulsory acquisition of Energy Resources of Australia
Jun 5, 2026
Energy Resources of Australia says the Federal Court has approved Rio Tinto’s move to compulsorily acquire all remaining ERA shares it does not already own for $0.002 per share, following objections from minority shareholders. With this deci...
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.