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Kaiser Reef Ltd
(Sydney:KAU)
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Rating:64Neutral
Price Target:
AU$0.21
▼(-12.92% Downside)
Action:Reiterated
Date:10/02/26
The score is supported mainly by improved financial performance in 2026 (strong growth, healthier margins, low leverage, and positive free cash flow) and a low P/E valuation. These positives are offset by weak technicals (price below key moving averages with negative MACD and low RSI) and a history of earnings/cash-flow volatility that reduces confidence in sustainability.
Positive Factors
Revenue and Profitability Rebound
The latest period shows a broad operating recovery rather than revenue growth alone, with stronger gross, operating and net profitability. If maintained, this improved earnings base can support exploration, mine development and reinvestment while strengthening resilience over the next several quarters.
Negative Factors
History of Earnings Volatility
The recent recovery has not yet established a consistently profitable multi-year track record. Large prior losses and weak margins indicate that earnings can vary substantially across periods, making future cash generation and the durability of current margins less certain for investors.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profitability Rebound
The latest period shows a broad operating recovery rather than revenue growth alone, with stronger gross, operating and net profitability. If maintained, this improved earnings base can support exploration, mine development and reinvestment while strengthening resilience over the next several quarters.
Read all positive factors
Kaiser Reef Ltd (KAU) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$115.01M
Dividend YieldN/A
Average Volume (3M)912.22K
Price to Earnings (P/E)6.6
Beta (1Y)0.75
Revenue Growth331.30%
EPS GrowthN/A
CountryAU
Employees18
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.03
Shares Outstanding605,322,400
10 Day Avg. Volume849,167
30 Day Avg. Volume912,217
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)1.35
Price to Sales (P/S)0.76
P/FCF Ratio8.72
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)0.1
Revenue Forecast (FY)AU$208.30M
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’s primary source of revenue is the sale of gold produced from its mining operations. The company generates gold-bearing ore from its underground and/or surface mining activities, processes that material (either through company-operated...
Kaiser Reef Ltd Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
66
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 150.23M | 34.83M | 23.74M | 30.71M | 22.80M |
| Gross Profit | 29.98M | 143.29K | -3.27M | 3.01M | 5.87M |
| EBITDA | 45.21M | -307.27K | -1.74M | 4.93M | 4.54M |
| Net Income | 16.83M | -20.24M | -5.53M | 1.17M | -2.26M |
Balance Sheet | |||||
| Total Assets | 142.35M | 120.26M | 30.24M | 32.30M | 29.57M |
| Cash, Cash Equivalents and Short-Term Investments | 37.05M | 24.76M | 1.11M | 3.23M | 6.58M |
| Total Debt | 10.21M | 9.89M | 599.82K | 543.37K | 267.84K |
| Total Liabilities | 58.15M | 51.66M | 6.14M | 7.08M | 6.76M |
| Stockholders Equity | 84.20M | 68.60M | 24.10M | 25.22M | 22.81M |
Cash Flow | |||||
| Free Cash Flow | 13.04M | -7.56M | -4.86M | -4.12M | -3.02M |
| Operating Cash Flow | 44.74M | 5.13M | 467.76K | 5.26M | 5.65M |
| Investing Cash Flow | -35.79M | -33.53M | -5.33M | -9.39M | -8.59M |
| Financing Cash Flow | 7.34M | 48.05M | 2.75M | 764.86K | 4.74M |
Kaiser Reef Ltd Technical Analysis
Negative
0.24
Price Trends
0.22
Negative
0.21
Negative
0.26
Negative
Market Momentum
>-0.01
Positive
28.47
Positive
2.96
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:KAU, the sentiment is Negative. The current price of 0.24 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.22, and below the 200-day MA of 0.26, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 28.47 is Positive, neither overbought nor oversold. The STOCH value of 2.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$119.44M | 5.00 | 20.31% | 4.78% | 19.64% | 81.68% | |
64 Neutral | AU$115.01M | 6.58 | 20.78% | ― | 331.30% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | AU$162.16M | -11.79 | -10.42% | ― | ― | -17.39% | |
47 Neutral | AU$119.35M | -7.91 | -27.74% | ― | ― | 75.42% | |
44 Neutral | AU$85.20M | -8.67 | -18.80% | ― | ― | -133.33% |
* Basic Materials Sector Average
AU:KAU
Kaiser Reef Ltd
0.19
-0.14
-42.19%
AU:PGL
Pilbara Gold
0.51
-0.06
-10.53%
AU:RND
Rand Mining Limited
2.10
-0.59
-21.88%
AU:TAM
Tanami Gold NL
0.06
<0.01
1.61%
AU:FXG
Felix Gold Ltd.
0.17
-0.39
-69.91%
AU:VAL
Valiant Gold Limited
0.27
-0.03
-10.00%
Kaiser Reef Ltd Corporate Events
Kaiser Reef Maintains Six-Year Mine Life at Henty with Updated Gold Reserves
Sep 6, 2026
Kaiser Reef Ltd, a profitable Australian gold producer operating underground mines in Tasmania and Victoria, has highlighted the Henty Gold Mine as a key asset with significant ongoing exploration potential. The company is expanding drilling effor...
Kaiser Reef Completes High-Resolution Survey at Maldon Gold Project
Aug 23, 2026
Kaiser Reef Ltd has completed a close-spaced, low-altitude helicopter magnetic and radiometric survey over 59 square kilometres at its Maldon Gold Project in Victoria. The program follows earlier soil surveys that identified multiple gold and arse...
Kaiser Reef Targets Extra 3,100oz from A1 Tailings to Boost Maldon Plant Feed
Aug 16, 2026
Kaiser Reef has completed a JORC-compliant inferred mineral resource estimate for historical tailings at the A1 Gold Mine in Victoria, identifying an A1 Tailings Stockpile of about 77,000 tonnes grading 1.25 grams per tonne for roughly 3,100 ounce...
Kaiser Reef Starts Underground Development at Maldon’s Union Hill Gold Mine
Aug 10, 2026
Kaiser Reef has commenced underground development at the Union Hill Gold Mine within its Maldon Gold Project in Victoria, taking the first cut on the Northern Drill Drive after nearly eight years without on-site development. The project benefits f...
Flynn Gold secures potential processing route via Henty ore agreement
Aug 5, 2026
Flynn Gold has signed a non-binding ore purchase agreement with Kaiser Reef’s Henty Gold Mine in western Tasmania, outlining a framework for Henty to buy ore or concentrates from Flynn for processing through its existing plant. The arrangeme...
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...
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.