Legacy Iron Ore Ltd (LCY) AI Stock Analysis

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Legacy Iron Ore Ltd

(ASX:LCY)

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Rating:60Neutral

Price Target:AUD 0.01▲(175.00% Upside)

Action:reiterated

Date:08/20/26

The score is primarily supported by strong balance-sheet positioning and improved cash flow in the latest year, but is held back by ongoing net losses, high historical volatility, and limited valuation support due to a negative P/E. Technical conditions cannot be evaluated with the provided data, which reduces confidence in the near-term setup.

Positive Factors

Very Low LeverageA conservative capital structure reduces refinancing risk and preserves flexibility to fund exploration, development, or operating needs. The sizable equity base also provides resilience if commodity prices or project timing create temporary pressure.

Negative Factors

Persistent Net LossesThe company has not yet demonstrated consistent bottom-line profitability despite the revenue rebound. Continued losses can limit retained capital, constrain investment capacity, and make future performance more dependent on asset sales or external funding.

Legacy Iron Ore Ltd (LCY) vs. iShares MSCI Australia ETF (EWA)

Not enough price history over this period.

Market Cap: AUD 39.05M
Dividend Yield: ―
Average Volume (3M): ―
Price to Earnings (P/E): -70.2
Beta (1Y): 0.42
Revenue Growth: -12.75%
EPS Growth: ―
Country: Australia
Employees: 14
Sector: Basic Materials
Sector Strength: 61
Industry: Other Precious Metals

Legacy Iron Ore Ltd Business Overview & Revenue Model

Company Description

Legacy Iron Ore Limited is actively involved in the discovery, assessment, and advancement of mineral resources throughout Australia. The company primarily targets a diverse array of metals, including iron, gold, base metals, tungsten, manganese, and...

How the Company Makes Money

null

Legacy Iron Ore Ltd Financial Statement Overview

Summary

Balance sheet strength (very low leverage and sizable equity base) supports resilience, and the latest year shows a meaningful rebound in revenue and a turn to positive operating and free cash flow. Offsetting this, operating earnings and net income remain slightly negative and results have been volatile across prior years, limiting confidence in sustainable profitability.

Income Statement

58Neutral

Balance Sheet

82Very Positive

Cash Flow

63Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	88.61M	88.61M	43.34M	2.08M	50.00K	0
Gross Profit	86.38M	86.38M	28.75M	2.08M	-11.16K	-82.50K
EBITDA	-1.88M	-2.68M	-19.33M	-9.53M	2.07M	-923.10K
Net Income	-556.38K	-556.38K	-27.95M	-9.59M	2.01M	-1.01M
Balance Sheet
Total Assets	37.89M	37.89M	37.96M	47.22M	25.61M	23.61M
Cash, Cash Equivalents and Short-Term Investments	9.67M	9.67M	11.14M	15.26M	9.74M	7.51M
Total Debt	88.16K	88.16K	18.47K	49.77K	82.29K	24.00K
Total Liabilities	9.03M	9.03M	9.01M	12.31M	288.79K	290.53K
Stockholders Equity	28.87M	28.87M	28.94M	34.90M	25.32M	23.32M
Cash Flow
Free Cash Flow	3.87M	3.87M	-25.02M	-13.50M	579.48K	-2.33M
Operating Cash Flow	3.89M	3.89M	-16.60M	-9.95M	2.01M	82.50K
Investing Cash Flow	-1.81M	-1.81M	-15.47M	1.83M	3.79M	-8.30M
Financing Cash Flow	-36.93K	-36.93K	22.18M	16.78M	-41.24K	-45.61K

Legacy Iron Ore Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

AU:LCY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
AU:LCY	60Neutral	AUD 39.67M	-70.18	-2.00%	―	-12.75%	―
AU:AVL	49Neutral	AUD 68.71M	-6.69	-7.34%	―	-100.00%	22.03%
AU:HIO	46Neutral	AUD 12.40M	-5.00	-3.39%	―	―	10.00%
AU:VHM	45Neutral	AUD 65.47M	-10.94	-7.76%	―	―	34.13%
AU:RVT	40Underperform	AUD 19.17M	-7.50	-6.44%	―	―	-36.47%

* Basic Materials Sector Average

Performance Comparison

AU:LCY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
AU:LCY	Legacy Iron Ore Ltd	―	―	―
AU:AVL	Australian Vanadium Limited	0.18	-0.12	-40.00%
AU:HIO	Hawsons Iron Ltd	0.01	-0.02	-60.00%
AU:RVT	Richmond Vanadium Technology Pty Ltd.	0.09	0.01	10.13%
AU:VHM	VHM Limited	0.21	-0.27	-56.25%

Legacy Iron Ore Ltd Corporate Events

Legacy Iron Ore Moves AGM Materials Online, Urges Proxy Voting

Jul 13, 2026

Legacy Iron Ore Limited has called its Annual General Meeting for 2:00 p.m. AWST on 21 August 2026 at its Perth offices, inviting shareholders to review the notice of meeting and accompanying explanatory materials online or via the ASX announcements...

Legacy Iron Ore Appoints Anurag Kapil to Board Without Equity Stake

Jul 12, 2026

Legacy Iron Ore Ltd has appointed Mr. Anurag Kapil as a director of the company, effective 12 July 2026, in a move that further shapes the composition of its board. According to the disclosure, Kapil does not currently hold any relevant interests in...

Legacy Iron Ore Strengthens Board With Appointment of NMDC Finance Director

Jul 12, 2026

Legacy Iron Ore has strengthened its board with the appointment of Anurag Kapil as a non-executive director, effective immediately, adding significant public sector and financial governance experience to its leadership. Kapil, currently Director (Fin...

Legacy Iron Ore Sets August 2026 AGM and Opens Director Nomination Window

Jun 26, 2026

Legacy Iron Ore Limited has scheduled its Annual General Meeting for 21 August 2026, confirming it will provide full meeting details in a forthcoming notice to shareholders. The Western Australia-based miner, which focuses on iron ore, base metals, t...

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: Aug 20, 2026

Legacy Iron Ore Ltd AI Stock Analysis