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Kaiser Reef Ltd
(Sydney:KAU)
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Rating:48Neutral
Price Target:
AU$0.18
▼(-25.83% Downside)
Action:Reiterated
Date:07/02/26
The score is held back mainly by weak profitability and negative free cash flow, despite strong revenue growth and a low-leverage balance sheet. Technicals are also a significant drag, with the stock trading below major moving averages and negative MACD. Valuation is neutral with a mid-range P/E and no dividend support.
Positive Factors
Strong revenue growth
Sustained, large top-line expansion suggests the company is materially increasing gold production or sales volumes and/or realizing higher grade ore. Durable revenue growth supports scaling fixed-cost absorption, funds exploration, and strengthens the business case for further capital investment over the medium term.
Negative Factors
Negative profitability margins
Persistently negative operating and net margins point to structural cost or recovery issues—high mining/processing costs, low head grades, or inefficiencies. Over time poor margins limit retained earnings, restrict reinvestment capacity, and make the business more sensitive to adverse gold price movements.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Sustained, large top-line expansion suggests the company is materially increasing gold production or sales volumes and/or realizing higher grade ore. Durable revenue growth supports scaling fixed-cost absorption, funds exploration, and strengthens the business case for further capital investment over the medium term.
Read all positive factors
Kaiser Reef Ltd (KAU) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$145.28M
Dividend YieldN/A
Average Volume (3M)1.56M
Price to Earnings (P/E)30.4
Beta (1Y)0.74
Revenue Growth593.88%
EPS Growth80.32%
CountryAU
Employees18
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)<0.01
Shares Outstanding605,322,400
10 Day Avg. Volume1,265,754
30 Day Avg. Volume1,556,889
Financial Highlights & Ratios
PEG Ratio-0.92
Price to Book (P/B)1.43
Price to Sales (P/S)2.81
P/FCF Ratio-12.96
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)0.11
Revenue Forecast (FY)AU$222.90M
Kaiser Reef Ltd Business Overview & Revenue Model
Company Description
Kaiser Reef Limited engages in the exploration, development, mining, production, and sale of gold in Australia. The company was incorporated in 2019 and is based in Subiaco, Australia....
How the Company Makes Money
Kaiser Reef primarily makes money by producing and selling gold. Revenue is generated from mining gold-bearing ore, processing it to recover gold, and selling the resulting gold (typically as doré or refined metal) into the gold market at prevaili...
Kaiser Reef Ltd Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 107.36M | 34.83M | 23.74M | 30.71M | 22.80M | 5.09M |
| Gross Profit | 30.09M | 143.29K | -3.27M | 3.01M | 5.87M | -3.17M |
| EBITDA | 38.87M | -307.27K | -1.74M | 4.93M | 4.54M | -10.47M |
| Net Income | 1.95M | -20.24M | -5.53M | 1.17M | -2.26M | -11.81M |
Balance Sheet | ||||||
| Total Assets | 136.31M | 120.26M | 30.24M | 32.30M | 29.57M | 26.57M |
| Cash, Cash Equivalents and Short-Term Investments | 43.11M | 24.76M | 1.11M | 3.23M | 6.58M | 4.79M |
| Total Debt | 14.28M | 9.89M | 599.82K | 543.37K | 267.84K | 281.33K |
| Total Liabilities | 58.57M | 51.66M | 6.14M | 7.08M | 6.76M | 6.39M |
| Stockholders Equity | 77.74M | 68.60M | 24.10M | 25.22M | 22.81M | 20.17M |
Cash Flow | ||||||
| Free Cash Flow | 17.53M | -7.56M | -4.86M | -4.12M | -3.02M | -5.30M |
| Operating Cash Flow | 35.35M | 5.13M | 467.76K | 5.26M | 5.65M | -2.48M |
| Investing Cash Flow | -54.23M | -33.53M | -5.33M | -9.39M | -8.59M | -9.69M |
| Financing Cash Flow | 37.79M | 48.05M | 2.75M | 764.86K | 4.74M | 16.95M |
Kaiser Reef Ltd Technical Analysis
Positive
0.24
Price Trends
0.21
Positive
0.22
Positive
0.26
Negative
Market Momentum
<0.01
Positive
62.81
Neutral
36.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:KAU, the sentiment is Positive. The current price of 0.24 is above the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.21, and below the 200-day MA of 0.26, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 62.81 is Neutral, neither overbought nor oversold. The STOCH value of 36.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:KAU.
Kaiser Reef Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$122.85M | 8.06 | 14.07% | 4.65% | 6.77% | 71.42% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$124.03M | -9.35 | -25.68% | ― | ― | -323.13% | |
48 Neutral | AU$145.28M | 30.38 | 2.67% | ― | 593.88% | 80.32% | |
43 Neutral | AU$136.83M | -17.67 | -10.71% | ― | ― | 22.77% | |
42 Neutral | AU$169.21M | -15.00 | -13.28% | ― | ― | ― |
* Basic Materials Sector Average
AU:KAU
Kaiser Reef Ltd
0.24
<0.01
4.35%
AU:PGL
Pilbara Gold
0.53
0.17
47.22%
AU:RND
Rand Mining Limited
2.16
0.11
5.26%
AU:TAM
Tanami Gold NL
0.07
0.02
38.46%
AU:FXG
Felix Gold Ltd.
0.27
0.02
8.16%
AU:VAL
Valiant Gold Limited
0.29
-0.01
-3.33%
Kaiser Reef Ltd Corporate Events
Kaiser Reef’s Maldon Soil Survey Confirms District-Scale Gold Potential
Jul 28, 2026
Kaiser Reef Limited reported that low-cost infill soil sampling at its Maldon Gold Project in Victoria has confirmed strong, contiguous gold and arsenic anomalism along multiple structures over the full 4.4km strike on its granted mining lease. Th...
Kaiser Reef Director Increases Indirect Shareholding Through On-Market Purchase
Jul 14, 2026
Kaiser Reef Ltd has disclosed a change in director Bradley Valiukas’s indirect holdings in the company, following on‑market purchases made between 13 and 14 July 2026. Valiukas acquired 200,000 fully paid ordinary shares for $36,000 vi...
Kaiser Reef begins extensive surface drilling at Maldon gold project
Jun 23, 2026
Kaiser Reef Ltd has launched a surface diamond drilling campaign at its Maldon Gold Project in Victoria, with an initial 4,350 metres planned over four key targets and drilling expected to continue through the rest of 2026. The program is designed...
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.