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NGE Capital Ltd
(Sydney:NGE)
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Rating:68Neutral
Price Target:
AU$1.50
▲(20.00% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily supported by strong financial positioning (minimal leverage) and an inexpensive valuation (low P/E). Offsetting these positives are uneven business performance (sharp revenue and cash-flow volatility) and a neutral-to-soft technical picture with the price below longer-term moving averages and slightly negative MACD.
Positive Factors
Very low leverage
Effectively zero debt and minimal leverage provide durable financial flexibility, allowing NGE to withstand market dislocations, opportunistically add to investments, and avoid refinancing risk. This structural strength supports longer-term capital allocation and downside protection.
Negative Factors
Sharp revenue decline
A ~67% revenue contraction in 2025 signals material top-line sensitivity to portfolio outcomes and transactional gains. Persistent or repeated large revenue swings reduce predictability of distributable income and complicate planning for investments, expenses, and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Effectively zero debt and minimal leverage provide durable financial flexibility, allowing NGE to withstand market dislocations, opportunistically add to investments, and avoid refinancing risk. This structural strength supports longer-term capital allocation and downside protection.
Read all positive factors
NGE Capital Ltd (NGE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$43.72M
Dividend YieldN/A
Average Volume (3M)7.78K
Price to Earnings (P/E)7.4
Beta (1Y)0.41
Revenue Growth-66.04%
EPS Growth20.06%
CountryAU
Employees9
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.18
Shares Outstanding33,631,210
10 Day Avg. Volume5,244
30 Day Avg. Volume7,778
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.73
Price to Sales (P/S)46.67
P/FCF Ratio16.21
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
NGE Capital Ltd Business Overview & Revenue Model
Company Description
Based in Melbourne, Australia, NGE Capital Limited operates as an investment firm within the Australian market. Founded in 2005, it focuses on acquiring stakes in both publicly traded and unlisted financial instruments. The company adopted its cur...
How the Company Makes Money
NGE makes money primarily through investment returns generated by its portfolio. Key revenue/earnings sources typically include: (1) capital gains and losses from selling investments (realized gains when portfolio holdings are sold above cost, or ...
NGE Capital Ltd Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
86
Very Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.01M | 933.00K | 3.13M | 4.18M | 741.00K | 693.00K |
| Gross Profit | 1.01M | 876.00K | 3.13M | 4.18M | 699.00K | 637.00K |
| EBITDA | 5.54M | 11.07M | 2.15M | 2.57M | -1.84M | 6.95M |
| Net Income | 5.90M | 12.02M | 4.84M | 8.89M | -1.91M | 7.34M |
Balance Sheet | ||||||
| Total Assets | 58.04M | 61.30M | 49.67M | 45.45M | 35.96M | 38.46M |
| Cash, Cash Equivalents and Short-Term Investments | 8.10M | 7.35M | 46.29M | 34.06M | 12.18M | 13.44M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 25.00K | 67.00K |
| Total Liabilities | 489.00K | 1.46M | 678.00K | 890.00K | 166.00K | 694.00K |
| Stockholders Equity | 57.55M | 59.84M | 48.99M | 44.56M | 35.79M | 37.76M |
Cash Flow | ||||||
| Free Cash Flow | 3.70M | 2.69M | 2.04M | -7.96M | -1.87M | 3.60M |
| Operating Cash Flow | 3.71M | 2.69M | 2.04M | -7.96M | -1.87M | 3.60M |
| Investing Cash Flow | -9.00K | -4.00K | 0.00 | 0.00 | -2.00K | -3.00K |
| Financing Cash Flow | -813.00K | -1.16M | -417.00K | -155.00K | -97.00K | -722.00K |
NGE Capital Ltd Technical Analysis
Positive
1.25
Price Trends
1.26
Positive
1.27
Positive
1.30
Positive
Market Momentum
0.01
Positive
53.87
Neutral
8.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NGE, the sentiment is Positive. The current price of 1.25 is below the 20-day moving average (MA) of 1.31, below the 50-day MA of 1.26, and below the 200-day MA of 1.30, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 53.87 is Neutral, neither overbought nor oversold. The STOCH value of 8.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:NGE.
NGE Capital Ltd Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$47.86M | 8.47 | 22.72% | 8.92% | -11.68% | -19.96% | |
70 Outperform | AU$26.98M | 3.46 | 27.70% | 1.76% | 422.26% | 1436.25% | |
68 Neutral | AU$43.72M | 7.37 | 10.06% | ― | -66.04% | 20.06% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | AU$49.19M | -6.33 | -9.58% | 6.63% | -42.55% | -396.54% | |
43 Neutral | AU$17.94M | -7.66 | -6.24% | 7.21% | -40.66% | 82.75% |
* Financial Sector Average
AU:NGE
NGE Capital Ltd
1.30
0.09
7.44%
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NGE Capital Ltd Corporate Events
NGE Capital Updates NTA and Makes Bold Moves in Alliance Aviation and Humm Group
Jul 14, 2026
NGE Capital Ltd reported net tangible assets per share of $1.590 before tax and $1.710 after tax as at 30 June 2026, slightly down from May, with year-to-date performance at -1.7% but a strong 11.9% return over the last 12 months. The company̵...
NGE Capital Lifts NTA, Realises Metals X Profit and Boosts Buybacks
Jun 8, 2026
NGE Capital reported an increase in its net tangible assets per share at 31 May 2026, with before-tax NTA rising to $1.623 and after-tax NTA to $1.750, reflecting solid recent performance and a year-to-date gain of 17.6%. The portfolio remains div...
NGE Capital cancels 322,012 shares following on-market buy-back
May 12, 2026
NGE Capital has cancelled 322,012 ordinary fully paid shares following completion of an on-market share buy-back on 8 May 2026. The reduction in issued capital forms part of the company’s ongoing capital management strategy and is expected t...
NGE Capital Cancels Shares Following On‑Market Buy‑Back
May 8, 2026
NGE Capital has cancelled 335,001 ordinary fully paid shares following completion of an on‑market buy‑back, as disclosed in its latest capital notification to the ASX. The reduction in issued capital signals an active capital managemen...
NGE Capital shareholders back board and pay at AGM
May 7, 2026
NGE Capital Limited has released the voting outcomes from its latest annual general meeting, confirming shareholder approval of all resolutions put to the meeting. The company reported that the remuneration report was adopted and director Ilan Rim...
NGE Capital issues AGM presentation with strong risk and disclaimer focus
May 7, 2026
NGE Capital Ltd has released an annual general meeting presentation that outlines information about the company in a concise, high-level format for shareholders and the market. The document is positioned as a supplementary overview to its formal f...
NGE Capital Sets 2026 AGM to Vote on Remuneration and Director Re-election
May 7, 2026
NGE Capital Ltd has convened its Annual General Meeting for 3:30 p.m. Melbourne time on Thursday, 7 May 2026, outlining a standard agenda of ordinary and other business items. Shareholders will consider the company’s accounts and reports, vo...
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.