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Group 6 Metals Limited
(Sydney:G6M)
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Rating:62Neutral
Price Target:
AU$2.50
▼(-21.88% Downside)
Action:Upgraded
Date:09/26/26
The score is driven primarily by the FY2026 financial turnaround (strong revenue growth, profitability, and positive free cash flow) but tempered by a volatile multi-year history that weakens confidence in sustainability. Valuation is supportive due to the low P/E, while technical signals are mixed with modest near-term weakness despite a longer-term uptrend.
Positive Factors
Revenue and profitability turnaround
The sharp FY2026 revenue increase and return to strong profitability indicate that the Dolphin operation has reached a materially higher level of commercial activity. If maintained, this scale can support reinvestment, improve operating resilience, and strengthen the company’s financial base over the next several quarters.
Negative Factors
Unproven earnings durability
The very large change from substantial prior losses to strong FY2026 profitability means the current earnings base has not yet been demonstrated across a full operating cycle. That history lowers confidence that the latest margin and profit level will remain stable over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and profitability turnaround
The sharp FY2026 revenue increase and return to strong profitability indicate that the Dolphin operation has reached a materially higher level of commercial activity. If maintained, this scale can support reinvestment, improve operating resilience, and strengthen the company’s financial base over the next several quarters.
Read all positive factors
Group 6 Metals Limited (G6M) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$624.08M
Dividend YieldN/A
Average Volume (3M)10.91K
Price to Earnings (P/E)4.2
Beta (1Y)0.28
Revenue Growth507.73%
EPS GrowthN/A
CountryAU
Employees19
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.60
Shares Outstanding247,652,280
10 Day Avg. Volume6,382
30 Day Avg. Volume10,910
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)3.84
Price to Sales (P/S)4.61
P/FCF Ratio13.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$4.70Price Target Upside46.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)AU$244.36M
Group 6 Metals Limited Business Overview & Revenue Model
Company Description
Group 6 Metals Limited is a mining enterprise primarily focused on the comprehensive redevelopment of its wholly-owned Dolphin tungsten project, located on King Island, Tasmania. Established in 1966, the company operated as King Island Scheelite L...
How the Company Makes Money
G6M’s primary source of revenue is the sale of tungsten concentrate produced from ore mined at the Dolphin Tungsten Mine. The company extracts and processes tungsten-bearing material to produce a concentrate product that is sold to downstream cust...
Group 6 Metals Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
54
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Dec 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 128.97M | 21.22M | 12.38M | 0.00 | 0.00 |
| Gross Profit | 81.15M | -15.95M | -15.98M | -3.42M | -417.00K |
| EBITDA | 69.42M | -14.65M | -113.96M | -17.97M | -13.46M |
| Net Income | 148.19M | -32.13M | -133.58M | -21.87M | -13.65M |
Balance Sheet | |||||
| Total Assets | 209.34M | 50.95M | 37.14M | 139.63M | 55.28M |
| Cash, Cash Equivalents and Short-Term Investments | 49.33M | 7.76M | 809.00K | 9.03M | 4.53M |
| Total Debt | 21.91M | 28.64M | 71.71M | 49.01M | 12.64M |
| Total Liabilities | 54.27M | 56.06M | 94.54M | 68.66M | 31.41M |
| Stockholders Equity | 155.07M | -5.12M | -57.41M | 70.97M | 23.87M |
Cash Flow | |||||
| Free Cash Flow | 44.52M | -28.96M | -32.23M | -74.21M | -38.68M |
| Operating Cash Flow | 55.66M | -26.27M | -27.75M | -17.96M | -4.55M |
| Investing Cash Flow | -10.78M | -2.69M | -2.31M | -56.20M | -36.98M |
| Financing Cash Flow | -3.18M | 35.77M | 21.84M | 78.67M | 42.44M |
Group 6 Metals Limited Technical Analysis
Negative
3.20
Price Trends
3.12
Negative
2.94
Negative
2.72
Negative
Market Momentum
-0.20
Positive
38.22
Neutral
13.51
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:G6M, the sentiment is Negative. The current price of 3.2 is above the 20-day moving average (MA) of 2.72, above the 50-day MA of 3.12, and above the 200-day MA of 2.72, indicating a bearish trend. The MACD of -0.20 indicates Positive momentum. The RSI at 38.22 is Neutral, neither overbought nor oversold. The STOCH value of 13.51 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:G6M.
Group 6 Metals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | AU$624.08M | 4.19 | 182.79% | ― | 507.73% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$52.45M | -15.29 | -105.42% | ― | ― | 26.09% | |
48 Neutral | AU$24.07M | -7.76 | -9.35% | ― | ― | 11.11% | |
45 Neutral | AU$17.37M | -67.50 | -4.36% | ― | ― | 94.12% | |
43 Neutral | AU$21.01M | -10.29 | -10.76% | ― | ― | 41.38% | |
42 Neutral | AU$11.33M | -3.25 | -24.49% | ― | ― | 58.33% |
* Basic Materials Sector Average
AU:G6M
Group 6 Metals Limited
2.52
0.02
0.80%
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Group 6 Metals Limited Corporate Events
Group 6 Metals cuts debt early as Dolphin Tungsten cash flows surge
Oct 30, 2026
Group 6 Metals has moved to cut its debt load early, initiating the voluntary repayment of A$10 million in senior secured loans and A$1.5 million in bridging loans ahead of their April 2027 maturities. The repayments, totalling A$11.5 million, are...
Group 6 Metals boosts Dolphin tungsten output and strengthens cash position
Oct 29, 2026
Group 6 Metals reported further operational momentum at the Dolphin Tungsten Mine for the quarter ended 30 September 2026, consolidating its status as a globally significant tungsten concentrate producer. The processing plant set a new record with...
Group 6 Metals Director Options Expire Without Exercise
Oct 1, 2026
Group 6 Metals has disclosed a change in director Christopher Ellis’s relevant interests following the expiry of a tranche of unquoted performance options. The 30,000 options, held indirectly through entities where Ellis is sole director and...
Group 6 Metals Reports Expiry of 30,000 Unexercised Options
Oct 1, 2026
Group 6 Metals Limited, listed on the ASX under code G6M, has reported changes to its issued capital through the expiry of a tranche of options. The filing outlines the cessation of these securities but does not elaborate on the company’s co...
Group 6 Metals Issues 480,000 Unquoted Performance Rights Under Staff Incentive Plan
Sep 29, 2026
Group 6 Metals Limited has notified the market of the issuance of 480,000 performance rights under its employee incentive scheme, effective 29 September 2026. These rights, classified as unquoted securities, are not intended to be listed on the AS...
Group 6 Metals Lodges ASX Corporate Governance Statement for FY26
Sep 25, 2026
Group 6 Metals Limited has lodged its corporate governance statement for the year ended 30 June 2026 with the ASX, making it available via its website in line with Listing Rule 4.10.3. The statement, current as of 25 September 2026 and approved by...
Group 6 Metals Details Governance Framework in 2026 Annual Report
Sep 25, 2026
Group 6 Metals Limited has released its annual report for the financial year ended 30 June 2026, outlining its formal corporate and governance arrangements. The report highlights the company’s leadership, registered office details, and the p...
Group 6 Metals Sets November Virtual AGM and Opens Director Nominations
Sep 22, 2026
Group 6 Metals Limited has scheduled its Annual General Meeting for 12 p.m. AEDT on Tuesday, 17 November 2026, to be conducted virtually via the Computershare platform. The meeting materials, including resolutions to be considered, will be sent to...
S&P Dow Jones Indices Unveils September 2026 S&P/ASX Rebalance
Sep 4, 2026
SP Dow Jones Indices has announced its September 2026 quarterly rebalance of the SP/ASX indices, with changes taking effect before the market open on 21 September. While the SP/ASX 20 will remain unchanged, several additions and removals are slate...
Group 6 Metals Director Trims Indirect Shareholding in Modest On‑Market Sale
Aug 21, 2026
Group 6 Metals Limited has disclosed a change in the indirect shareholding of director Dale Elphinstone, who controls Elphinstone Holdings Pty Ltd, the registered holder of the securities. Elphinstone’s indirect stake decreased slightly foll...
Group 6 Metals Recapitalises Debt and Strengthens Tungsten Operations in Tasmania
Aug 4, 2026
Group 6 Metals Limited, an ASX-listed critical-minerals producer, is redeveloping and operating the wholly owned Dolphin Tungsten Mine on King Island in Tasmania. The company focuses on producing high-grade tungsten concentrate and intends to move...
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.