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NuEnergy Gas Limited
(Sydney:NGY)
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Rating:40Underperform
Price Target:
AU$0.02
▼(-57.50% Downside)
Action:Reiterated
Date:10/24/26
The score is driven primarily by weak financial performance (no revenue, ongoing losses, and persistent negative operating/free cash flow), reinforced by very bearish technicals (price below key moving averages and negative momentum indicators). A relatively modest-leverage balance sheet provides some support, but valuation is difficult to justify given continued losses and no dividend.
Positive Factors
Modest leverage
Modest leverage gives NuEnergy a relatively stronger balance-sheet foundation than its earnings profile would suggest. Stable debt levels reduce immediate financial strain and preserve some capacity to manage exploration spending, although ongoing losses could weaken this advantage over time.
Negative Factors
No reported revenue
Five consecutive years of zero reported revenue show that NuEnergy has not yet established an operating revenue stream. This leaves the business dependent on future development progress and external funding rather than internally generated sales, limiting earnings visibility over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Modest leverage
Modest leverage gives NuEnergy a relatively stronger balance-sheet foundation than its earnings profile would suggest. Stable debt levels reduce immediate financial strain and preserve some capacity to manage exploration spending, although ongoing losses could weaken this advantage over time.
Read all positive factors
NuEnergy Gas Limited (NGY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$38.00M
Dividend YieldN/A
Average Volume (3M)553.47K
Price to Earnings (P/E)―
Beta (1Y)-0.02
Revenue GrowthN/A
EPS Growth33.33%
CountryAU
Employees2
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.00
Shares Outstanding1,999,767,300
10 Day Avg. Volume587,530
30 Day Avg. Volume553,468
Financial Highlights & Ratios
PEG Ratio3.50
Price to Book (P/B)1.62
Price to Sales (P/S)0.00
P/FCF Ratio-10.00
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)<0.01
Revenue Forecast (FY)AU$9.10M
NuEnergy Gas Limited Business Overview & Revenue Model
Company Description
NuEnergy Gas Limited is an independent firm in the clean energy sector, concentrating its efforts on identifying, exploring, and bringing to production coal bed methane (CBM) ventures across Indonesia. The company manages six agreements for unconv...
How the Company Makes Money
null...
NuEnergy Gas Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
63
Positive
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -863.56K | 0.00 | 25.87K | -642.00K | -1.23M |
| Net Income | -730.86K | -941.12K | -807.00K | -1.04M | -1.91M |
Balance Sheet | |||||
| Total Assets | 48.85M | 48.84M | 42.43M | 43.51M | 42.69M |
| Cash, Cash Equivalents and Short-Term Investments | 552.51K | 2.43M | 145.79K | 2.04M | 4.13M |
| Total Debt | 5.24M | 5.28M | 4.86M | 4.56M | 4.15M |
| Total Liabilities | 16.28M | 16.90M | 16.15M | 16.15M | 15.52M |
| Stockholders Equity | 32.14M | 31.52M | 25.86M | 26.94M | 26.75M |
Cash Flow | |||||
| Free Cash Flow | -5.21M | -3.03K | -1.66M | -2.07M | -1.47M |
| Operating Cash Flow | -224.74K | -603.00 | -234.87K | -700.26K | -276.27K |
| Investing Cash Flow | -5.08M | -3.05K | -1.06M | -1.37M | 2.04M |
| Financing Cash Flow | 3.43M | 5.94K | 0.00 | 2.06M | -1.76M |
NuEnergy Gas Limited Technical Analysis
Negative
0.04
Price Trends
0.03
Negative
0.03
Negative
0.04
Negative
Market Momentum
>-0.01
Negative
29.38
Positive
13.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NGY, the sentiment is Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.03, and above the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 29.38 is Positive, neither overbought nor oversold. The STOCH value of 13.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:NGY.
NuEnergy Gas Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$106.62M | 28.89 | 11.69% | 0.91% | -4.85% | -29.79% | |
67 Neutral | AU$72.78M | 5.29 | 13.95% | 2.97% | -45.07% | 297.79% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | AU$70.32M | 16.13 | 7.48% | 5.00% | -8.38% | -31.11% | |
52 Neutral | AU$39.14M | -7.88 | -13.43% | ― | 2.57% | -163.46% | |
44 Neutral | AU$51.18M | -10.67 | -6.22% | ― | ― | 23.08% | |
40 Underperform | AU$38.00M | -95.00 | -2.22% | ― | ― | 33.33% |
* Energy Sector Average
AU:NGY
NuEnergy Gas Limited
0.02
>-0.01
-32.14%
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0.10
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AU:ECH
New Zealand Oil & Gas Limited
0.33
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-9.97%
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0.09
0.04
73.58%
AU:CTP
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0.05
-0.01
-17.46%
AU:KKO
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0.03
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-54.93%
NuEnergy Gas Limited Corporate Events
NuEnergy Gas Outlines Governance Practices and ASX Compliance
Sep 29, 2026
NuEnergy Gas Limited has detailed its corporate governance framework for the 2026 financial year, confirming compliance with the fourth edition of the ASX Corporate Governance Council’s Principles and Recommendations. The Board has formalise...
NuEnergy Gas Releases 2026 Annual Financial Report
Sep 29, 2026
NuEnergy Gas Limited has released its 2026 annual financial report, detailing its corporate governance framework, board composition, and audited financial statements. The report, prepared by KPMG as independent auditor, outlines the company’...
NuEnergy Gas Sets AGM Date and Director Nomination Deadline
Sep 22, 2026
NuEnergy Gas Limited has scheduled its Annual General Meeting for 16 November 2026, confirming the key date for shareholders to review performance, vote on resolutions and engage with the board on corporate strategy. The meeting timing aligns with...
NuEnergy Gas Issues 80.8 Million New Shares and Files Cleansing Notice
Sep 11, 2026
NuEnergy Gas Limited has issued 80,768,445 fully paid ordinary shares at $0.038 each to sophisticated and professional investors, including a small tranche granted for nil consideration to an advisory firm, as part of a capital raising completed o...
NuEnergy Gas Issues Over 56 Million Unlisted Options in New Equity Class
Sep 11, 2026
NuEnergy Gas Limited has notified the ASX of the issue of 56,169,491 unlisted options, creating a new class of unquoted securities that are not intended to be listed. The move expands the company’s pool of equity-linked instruments, potentia...
NuEnergy Gas Seeks ASX Quotation for 80.8 Million New Shares
Sep 11, 2026
NuEnergy Gas Limited has applied to the ASX for quotation of 80,768,445 new ordinary fully paid shares under its existing ticker NGY, with an issue date of 11 September 2026. The securities are being brought onto the market in line with prior capi...
NuEnergy Sets Terms for New Investor Options
Sep 11, 2026
NuEnergy Gas Limited has detailed the terms for options issued to sophisticated and professional investors, with each option allowing subscription for one share at an exercise price of $0.06. The options may be exercised at any time until their ex...
NuEnergy Gas Raises $3.05m to Advance Indonesian CBM Development
Sep 11, 2026
NuEnergy Gas Limited has completed an institutional placement, issuing 80,242,129 shares at $0.038 each to raise $3.05 million, along with additional shares to its corporate adviser. In total, 80,768,445 new shares were created, bolstering the com...
NuEnergy Gas Disputes Former CEO’s $1.1m Remuneration Claim
Sep 10, 2026
NuEnergy Gas Limited, an ASX-listed Australian gas exploration and development company, has disclosed that it operates under remuneration arrangements which include deferred and waived payments to key executives and directors. These structures hav...
NuEnergy Gas outlines Indonesian CBM ambitions with detailed investor disclaimers
Sep 7, 2026
NuEnergy Gas Limited has released a corporate presentation outlining its strategy to become a leading domestic gas producer in Indonesia through the development of its coal bed methane assets. The presentation emphasizes that the material is for b...
NuEnergy Gas Plans Major Share and Option Issue on ASX
Sep 7, 2026
NuEnergy Gas Limited has lodged a notice with the ASX for a proposed issue of securities via a placement or similar mechanism. The company plans to issue up to 80,768,445 new ordinary fully paid shares and 56,169,491 unlisted options, with the iss...
NuEnergy Raises A$3.05m to Accelerate Indonesian Gas Commercialisation
Sep 7, 2026
NuEnergy Gas Limited has secured firm commitments to raise approximately A$3.05 million via a placement of about 80.2 million new ordinary shares at A$0.038 per share, accompanied by 40.1 million free attaching options exercisable at A$0.06. The c...
NuEnergy Starts Key Gas Infrastructure Build for Indonesia’s First CBM Project
Aug 23, 2026
NuEnergy Gas Limited has begun on-site construction of key gas infrastructure for its Tanjung Enim Plan of Development 1 in South Sumatra, marking a significant step toward first commercial coal bed methane production in Indonesia. Initial works c...
NuEnergy Director Confirms No Net Change in Shareholding After Off-Market Transfer
Aug 9, 2026
NuEnergy Gas Limited has disclosed a change in director Alan Fraser’s relevant interests in the company’s ordinary shares, as required under ASX listing rule 3.19A.2. The notice shows Fraser’s total holding remains at 550,747 ord...
NuEnergy Gas Discloses Final Director Interest as Ian Wang Exits Board
Jul 29, 2026
NuEnergy Gas Limited has announced that director Ian Wang ceased to be a board member on 27 July 2026, triggering a final disclosure of his interests in the company’s securities. The filing details that Wang held a substantial stake, includi...
NuEnergy Gas Director Ian Wang Resigns from Board
Jul 28, 2026
NuEnergy Gas Limited has announced the resignation of Mr Ian Wang from its board, where he served as a Non-Executive Director. The company stated that Wang is stepping down due to other commitments, and the board has formally approved and released...
NuEnergy Cash Outflows Highlight Ongoing Development Spend in June Quarter
Jul 28, 2026
NuEnergy Gas Limited reported quarterly cash outflows of A$499,000 from operating activities for the June 2026 quarter, driven mainly by A$254,000 in development spending and A$241,000 in administration and corporate costs. Interest income contrib...
NuEnergy Secures US$88m Contract as Tanjung Enim Gas Project Advances
Jul 28, 2026
NuEnergy Gas Limited has executed a fully funded US$88 million field services contract with PT Beijing Energy Linking to drill, construct and dewater coal bed methane wells at its Tanjung Enim POD 1, aiming to reach a sustained output of 24 millio...
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.