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Ora Banda Mining
(Sydney:OBM)
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Rating:72Outperform
Price Target:
AU$1.50
â–¼(-7.41% Downside)
Action:Reiterated
Date:09/19/26
The score is driven primarily by a strong financial turnaround (sharp revenue and margin improvement, low leverage, and solid operating cash flow), partially offset by only moderate technical strength and a merely mid-range valuation (P/E ~13.6 with no dividend yield provided).
Positive Factors
Revenue and Margin Expansion
The sharp improvement in revenue and profitability indicates a substantial operating turnaround, with stronger margins creating more earnings from each dollar of sales. If maintained, this broader profit base can support reinvestment, strengthen resilience, and improve performance across the next several quarters.
Negative Factors
Free Cash Flow Volatility
Although operating cash flow is strong, inconsistent free cash flow indicates that capital spending or working-capital movements can absorb a meaningful share of profits. Prior negative periods make cash availability less predictable, which may constrain discretionary investment and shareholder returns during weaker operating years.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Expansion
The sharp improvement in revenue and profitability indicates a substantial operating turnaround, with stronger margins creating more earnings from each dollar of sales. If maintained, this broader profit base can support reinvestment, strengthen resilience, and improve performance across the next several quarters.
Read all positive factors
Ora Banda Mining (OBM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.83B
Dividend YieldN/A
Average Volume (3M)8.33M
Price to Earnings (P/E)13.0
Beta (1Y)1.43
Revenue Growth100.85%
EPS Growth13.66%
CountryAU
Employees7
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.11
Shares Outstanding1,935,777,200
10 Day Avg. Volume4,651,288
30 Day Avg. Volume8,325,103
Financial Highlights & Ratios
PEG Ratio0.96
Price to Book (P/B)3.92
Price to Sales (P/S)2.55
P/FCF Ratio9.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.81Price Target Upside11.73% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.1
Revenue Forecast (FY)AU$834.69M
Ora Banda Mining Business Overview & Revenue Model
Company Description
Ora Banda Mining Limited, founded in 2002 and headquartered in West Perth, Australia, is an enterprise focused on the exploration, operation, and development of mineral resources throughout Australia. The company's prospecting activities target a ...
How the Company Makes Money
OBM makes money primarily by producing and selling gold. Its revenue model is based on (1) mining gold-bearing ore from its operations at the Davyhurst Gold Project, (2) processing that ore to produce gold doré, and (3) selling the resulting gold ...
Ora Banda Mining Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
87
Very Positive
Cash Flow
74
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 826.10M | 404.29M | 214.24M | 135.89M | 154.26M |
| Gross Profit | 364.74M | 153.00M | 22.56M | -31.58M | -6.00M |
| EBITDA | 449.73M | 184.59M | 54.44M | -23.59M | -45.20M |
| Net Income | 216.19M | 186.08M | 27.57M | -44.13M | -87.94M |
Balance Sheet | |||||
| Total Assets | 880.04M | 444.42M | 195.81M | 114.62M | 100.74M |
| Cash, Cash Equivalents and Short-Term Investments | 267.70M | 84.18M | 26.80M | 24.73M | 27.75M |
| Total Debt | 31.77M | 39.90M | 31.09M | 31.80M | 24.34M |
| Total Liabilities | 343.02M | 158.04M | 99.03M | 83.53M | 65.91M |
| Stockholders Equity | 537.02M | 286.38M | 96.79M | 31.09M | 34.84M |
Cash Flow | |||||
| Free Cash Flow | 212.89M | 76.47M | -32.84M | -40.19M | -14.41M |
| Operating Cash Flow | 426.69M | 190.46M | 36.25M | -23.47M | 24.76M |
| Investing Cash Flow | -212.24M | -114.99M | -39.49M | -11.24M | -27.60M |
| Financing Cash Flow | -30.93M | -18.09M | 5.31M | 31.68M | 6.38M |
Ora Banda Mining Technical Analysis
Positive
1.62
Price Trends
1.47
Negative
1.32
Positive
1.34
Positive
Market Momentum
-0.01
Positive
46.81
Neutral
33.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:OBM, the sentiment is Positive. The current price of 1.62 is above the 20-day moving average (MA) of 1.48, above the 50-day MA of 1.47, and above the 200-day MA of 1.34, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 46.81 is Neutral, neither overbought nor oversold. The STOCH value of 33.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:OBM.
Ora Banda Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$524.40M | 1.53 | 33.30% | 4.37% | 216.46% | 225.85% | |
74 Outperform | AU$1.18B | 10.79 | 19.17% | ― | 34.55% | 98.48% | |
72 Outperform | AU$2.83B | 13.00 | 46.66% | ― | 100.85% | 13.66% | |
68 Neutral | AU$524.87M | 6.04 | 25.37% | ― | 909.33% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | AU$2.21B | 309.38 | 0.85% | ― | 13.92% | ― | |
53 Neutral | AU$968.59M | -18.90 | -6.68% | 6.33% | 17.55% | 40.51% |
* Basic Materials Sector Average
AU:OBM
Ora Banda Mining
1.44
0.18
14.29%
AU:FML
Focus Minerals Ltd
1.80
-0.28
-13.50%
AU:PNR
Pantoro Gold Limited
3.01
-3.18
-51.37%
AU:SBM
St. Barbara
0.80
0.21
36.13%
AU:BC8
Black Cat Syndicate Ltd.
0.72
-0.67
-48.20%
AU:BGL
Bellevue Gold Limited
1.49
0.25
20.65%
Ora Banda Mining Corporate Events
Ora Banda starts underground mining at Waihi to underpin growth and new processing plant
Sep 10, 2026
Ora Banda Mining has begun underground mining at the Waihi deposit, three kilometres from its Davyhurst processing plant, marking its third underground mine in three years. Waihi hosts the high-grade Golden Pole lode and is viewed as a large, unde...
Ora Banda Mining Seeks ASX Quotation for Additional Ordinary Shares
Sep 4, 2026
Ora Banda Mining Ltd has applied for quotation of 1,775,998 new ordinary fully paid shares on the ASX, with the securities issued on September 1, 2026. The new shares arise from the exercise or conversion of existing options or other convertible s...
Ora Banda Mining Reports Lapse of Incentive Performance Rights
Sep 4, 2026
Ora Banda Mining has notified the ASX of the cessation of several classes of performance and retention rights, following the lapse of conditional rights that could not be satisfied. The securities relate to short-term and long-term incentive and r...
Ora Banda Mining Ties FY26 Results to Expanded Climate and ESG Reporting
Aug 26, 2026
Ora Banda Mining has released its annual report summarising activities and financial results for the year ended 30 June 2026. The document also incorporates the company’s sustainability report with climate-related financial disclosures and d...
Ora Banda Mining Doubles Revenue and Boosts Asset Backing Without Dividend Payout
Aug 25, 2026
Ora Banda Mining has reported a near doubling of revenue for the year ended 30 June 2026, reaching $807.5 million, and a 16.2% increase in net profit after tax to $216.2 million, all derived from ordinary activities. Despite the strong performance...
Ora Banda Mining Files Updated ASX Corporate Governance Statement
Aug 25, 2026
Ora Banda Mining Ltd has lodged its corporate governance statement for the year ended 30 June 2026 with the ASX, confirming it is current as of 25 August 2026 and approved by the board. The statement is made available via the company’s websi...
Ora Banda Mining Outlines 2026 Corporate Governance and Risk Framework
Aug 25, 2026
Ora Banda Mining has detailed its corporate governance framework for the reporting period from 1 July 2025 to 30 June 2026, highlighting a proactive approach to risk management and adherence to high standards of ethical, environmental and social p...
Ora Banda Director Updates Indirect Shareholdings and Fee-Based Equity
Aug 4, 2026
Ora Banda Mining has reported a change in the relevant interests of director Peter Mansell in the company’s fully paid ordinary shares. The change is indirect, involving holdings through Manfam Pty Ltd and his spouse, Elizabeth Jane Mansell,...
Ora Banda Mining Seeks Quotation for 6.3 Million New Shares on ASX
Aug 4, 2026
Ora Banda Mining Ltd has applied to the Australian Securities Exchange for quotation of 6,329,660 additional ordinary fully paid shares. These new securities carry the ASX code OBM and were issued on 29 July 2026, with the quotation application lo...
Ora Banda Mining Seeks ASX Quotation for New Employee Incentive Shares
Aug 4, 2026
Ora Banda Mining Ltd is an Australian-listed mining company engaged in mineral resource exploration and production. Its ordinary fully paid shares trade on the ASX under the code OBM, positioning the group within the country’s broader resour...
Ora Banda Mining Performance Rights Lapse Reduces Potential Dilution
Aug 4, 2026
Ora Banda Mining Ltd has notified the market of changes to its issued capital, reporting the cessation of a tranche of performance rights tied to its FY26 long-term incentive plan. The affected securities, OBMAZ performance rights expiring on 30 J...
Ora Banda sets aspirational path to 300koz gold output
Aug 2, 2026
Ora Banda Mining has outlined a strategic vision it calls “DRIVE to 300,” targeting future growth towards becoming a 300,000-ounce-per-annum gold producer through organic expansion. The presentation emphasises that this 300kozpa goal i...
Ora Banda extends high-grade gold footprint at Little Gem
Jul 30, 2026
Ora Banda Mining has reported further strong drilling results at its Little Gem Prospect, significantly expanding the mineralised Sapphire lodes to more than 2.6km of strike at shallow depths and confirming multiple parallel lodes with high-grade ...
Ora Banda boosts Davyhurst gold resources and reserves with aggressive drilling
Jul 13, 2026
Ora Banda Mining reported a substantial expansion of its Davyhurst Gold Project inventory, with total Mineral Resources climbing 75% to 3.69 million ounces and Ore Reserves up 159% to 610,000 ounces. Key contributors included a major resource at R...
Ora Banda Mining Seeks ASX Quotation for Additional Shares
Jun 30, 2026
Ora Banda Mining Ltd has applied for quotation of 210,000 new ordinary fully paid shares on the ASX, with an issue date of 23 June 2026. The additional securities, arising from exercised options or conversions, modestly expand the company’s ...
Ora Banda Mining reports lapse of employee incentive rights
Jun 30, 2026
Ora Banda Mining has notified the market of the cessation of several classes of employee equity rights, including retention rights expiring in June 2029 and performance rights under the FY26 long-term incentive plan expiring in June 2030. A total ...
Ora Banda Mining Tightens Governance with Revised Securities Trading Policy
Jun 29, 2026
Ora Banda Mining Limited has revised its Securities Trading Policy, releasing the updated framework to the market following approval by its board of directors. The policy is designed to ensure that directors, employees and contractors comply with ...
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.