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Noble Helium Ltd.
(Sydney:NHE)
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Rating:48Neutral
Price Target:
AU$0.03
â–²(0.00% Upside)
Action:Reiterated
Date:10/02/26
The score is held down primarily by weak financial performance (minimal/zero revenue, ongoing losses, and negative operating/free cash flow), which outweighs the benefit of a comparatively strong, low-leverage balance sheet. Technicals are broadly neutral with limited trend and balanced momentum, offering little directional support. Valuation is also constrained by negative earnings (negative P/E) and no indicated dividend yield.
Positive Factors
Low Leverage
Very low and improving leverage gives Noble Helium greater financial flexibility while it advances exploration. Limited debt reduces fixed obligations and balance-sheet pressure, helping preserve capacity to fund development or withstand prolonged commercialization delays.
Negative Factors
Pre-Revenue Profile
Noble Helium has not yet established recurring commercial revenue, leaving its financial profile dependent on successful exploration and future resource commercialization. Until revenue becomes consistent, operating scale, earnings visibility, and internal funding capacity remain limited.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low and improving leverage gives Noble Helium greater financial flexibility while it advances exploration. Limited debt reduces fixed obligations and balance-sheet pressure, helping preserve capacity to fund development or withstand prolonged commercialization delays.
Read all positive factors
Noble Helium Ltd. (NHE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$42.38M
Dividend YieldN/A
Average Volume (3M)1.39M
Price to Earnings (P/E)―
Beta (1Y)0.78
Revenue GrowthN/A
EPS Growth60.43%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,324,367,700
10 Day Avg. Volume1,681,093
30 Day Avg. Volume1,393,227
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.33
Price to Sales (P/S)0.00
P/FCF Ratio-8.37
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
Noble Helium Ltd. Business Overview & Revenue Model
Company Description
Noble Helium Limited, an Australian company established in Perth in 2015, specializes in the exploration of helium deposits across Tanzania. The company maintains full ownership of its key projects within the country. This includes the North Rukwa...
How the Company Makes Money
null...
Noble Helium Ltd. Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
63
Positive
Cash Flow
22
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 21.80K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -148.24K | 21.80K | -233.18K | -72.91K | -77.64K |
| EBITDA | -2.92M | -4.60M | -4.13M | -2.37M | -2.65M |
| Net Income | -4.91M | -10.97M | -5.06M | -2.44M | -2.75M |
Balance Sheet | |||||
| Total Assets | 57.86M | 48.89M | 51.16M | 22.26M | 10.72M |
| Cash, Cash Equivalents and Short-Term Investments | 6.69M | 37.09K | 2.26M | 4.04M | 8.46M |
| Total Debt | 1.28M | 5.44M | 4.75M | 0.00 | 0.00 |
| Total Liabilities | 6.50M | 11.07M | 6.39M | 1.23M | 198.72K |
| Stockholders Equity | 51.36M | 37.82M | 44.78M | 21.03M | 10.52M |
Cash Flow | |||||
| Free Cash Flow | -2.05M | -6.20M | -37.13M | -17.36M | -3.08M |
| Operating Cash Flow | -1.68M | -2.29M | -4.04M | -3.34M | -1.44M |
| Investing Cash Flow | -3.60M | -3.91M | -32.62M | -14.02M | -1.64M |
| Financing Cash Flow | 13.82M | 3.98M | 35.01M | 12.92M | 11.58M |
Noble Helium Ltd. Technical Analysis
Neutral
0.03
Price Trends
0.03
Negative
0.03
Negative
0.03
Negative
Market Momentum
<0.01
Positive
50.43
Neutral
28.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NHE, the sentiment is Neutral. The current price of 0.03 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.43 is Neutral, neither overbought nor oversold. The STOCH value of 28.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:NHE.
Noble Helium Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | AU$10.93B | 43.76 | 6.34% | 2.60% | 1.79% | 156.48% | |
66 Neutral | AU$7.04B | 24.78 | 3.51% | 3.49% | -16.59% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$31.20M | -6.51 | -75.44% | 20.00% | -3.10% | 39.78% | |
48 Neutral | AU$42.38M | -4.13 | -10.95% | ― | ― | 60.43% | |
44 Neutral | AU$49.69M | -0.94 | -119.47% | ― | 27.85% | -141.00% |
* Basic Materials Sector Average
AU:NHE
Noble Helium Ltd.
0.03
>-0.01
-21.95%
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0.24
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-20.22%
Noble Helium Ltd. Corporate Events
Noble Helium Issues New Shares and Options to Support Growth Initiatives
Sep 29, 2026
Noble Helium Limited has issued a series of fully paid ordinary shares and options on 30 September 2026, in connection with its previously announced acquisition of Earth Source Hydrogen Ltd and a $12 million placement to fund the North Rukwa drill...
Noble Helium Grants New Employee Incentive Options
Sep 29, 2026
Noble Helium Ltd. has issued 2,000,000 unquoted options under an employee incentive scheme, with the new NHEAX options expiring on 29 September 2029 and carrying an exercise price of $0.06. The move underscores the company’s use of equity-ba...
Noble Helium Issues New Unquoted Employee Options
Sep 29, 2026
Noble Helium Limited has issued 730,357 unquoted options under an employee incentive scheme, with each option expiring on June 8, 2028 and carrying an exercise price of $0.029. The options, which will not be quoted on the ASX, were formally notifi...
Noble Helium Seeks ASX Quotation for New Share Issue
Sep 29, 2026
Noble Helium Ltd. has applied for quotation on the ASX of 1,460,715 new ordinary fully paid shares, to be issued on September 30, 2026.The additional quoted securities expand the company’s listed share capital, potentially enhancing liquidit...
Noble Helium Seeks ASX Quotation for 75.9 Million New Shares
Sep 29, 2026
Noble Helium Limited has applied for quotation of 75,879,766 ordinary fully paid shares on the ASX, with an issue date of September 30, 2026. The application formalises the process for these securities to be traded, marking a significant adjustmen...
Noble Helium expands portfolio with Earth Source Hydrogen acquisition
Sep 29, 2026
Noble Helium Ltd. has completed the acquisition of UK-based Earth Source Hydrogen Ltd., securing 100% shareholder acceptances and adding extensive helium and hydrogen exploration acreage in Western Australia’s Southern Carnarvon Basin. The d...
Noble Helium Sets 2026 AGM Date and Director Nomination Deadline
Sep 28, 2026
Noble Helium Limited has scheduled its Annual General Meeting for 26 November 2026, in line with ASX listing requirements, with the session to include the election of directors. The company has set 14 October 2026 at 5:00pm AWST as the deadline fo...
Noble Helium Highlights Kinambo Drilling Progress in Investor Interview
Sep 28, 2026
Noble Helium has released a recorded investor interview featuring Executive Chairman Dennis Donald, in which he provides an update on the Kinambo drilling campaign in the North Rukwa Basin. The interview, available via the company’s website,...
Noble Helium Mobilises Rig for Key Kinambo Drilling Campaign in Tanzania
Sep 8, 2026
Noble Helium has begun full mobilisation for its Kinambo drilling campaign on the western margin of the North Rukwa Project in Tanzania, instructing BoreXpert to move the Schramm T130 XD rig from Kenya to the Kinambo-1 site. The company has comple...
Noble Helium to acquire Earth Source Hydrogen, boosting WA helium portfolio
Aug 20, 2026
Noble Helium has signed a binding agreement to acquire Earth Source Hydrogen Limited and its Australian subsidiaries, gaining control of two large Special Prospecting Authorities in Western Australia’s onshore Southern Carnarvon Basin. The E...
Noble Helium Readies Kinambo Site as North Rukwa Drilling Nears
Aug 18, 2026
Noble Helium has completed the access road and accommodation camp at its Kinambo site in Tanzania, marking a key step toward the start of drilling at the North Rukwa Project. The infrastructure will support a 56-person drilling and operations team...
Noble Helium boosts balance sheet and derisks Tanzanian drilling ahead of helium supply squeeze
Jul 30, 2026
Noble Helium strengthened its balance sheet in the June quarter, raising A$12 million through a two-tranche share placement and converting A$6.6 million of loans and convertible notes into equity, leaving the company better positioned for its next...
Noble Helium COO Highlights Imminent North Rukwa Drilling in Investor Interview
Jul 29, 2026
Noble Helium has released a recorded investor interview featuring Chief Operating Officer Dermot O’Keeffe, in which he discusses the imminent start of the company’s drilling program at the North Rukwa Basin in Tanzania. The interview, ...
Noble Helium Highlights North Rukwa Drilling Plans in New Investor Interview
Jul 6, 2026
Noble Helium has released a recorded investor interview featuring Chief Exploration Officer Justyn Wood, highlighting the company’s upcoming drilling programme in Tanzania’s North Rukwa Basin. The interview, available via the company&#...
Noble Helium Names Veteran Finance Executive Jani Surjan as CFO Ahead of Kinambo Drilling
Jul 5, 2026
Noble Helium has appointed experienced oil and gas finance executive Jani Surjan as Chief Financial Officer, effective 6 July 2026, following his earlier role as Group Financial Controller and the transition of former CFO Owain Franks. The move is...
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.