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Predictive Discovery Limited
(Sydney:PDI)
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Rating:54Neutral
Price Target:
AU$0.68
▼(-84.87% Downside)
Action:Reiterated
Date:02/10/26
The score is primarily held back by weak financial performance driven by ongoing losses and significant negative free cash flow despite a strong, low-debt balance sheet. Technicals are moderately supportive with neutral momentum and price strength versus longer-term averages, while valuation is constrained by loss-making results and no dividend support.
Positive Factors
Low leverage & large equity base
Zero reported debt and a materially expanded equity base provide durable financial flexibility for multi-year exploration cycles. This reduces interest burden, improves resilience to exploration setbacks, and strengthens bargaining position in joint ventures or asset sales without creating leverage-driven solvency risk.
Negative Factors
Persistent negative free cash flow
Sustained, widening negative free cash flow signals the company consumes capital faster than it generates it, forcing repeated external financing. Over the medium term this depletes shareholder value, constrains project follow-up, raises dilution risk, and limits ability to self-fund advancing discoveries to development-ready stages.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage & large equity base
Zero reported debt and a materially expanded equity base provide durable financial flexibility for multi-year exploration cycles. This reduces interest burden, improves resilience to exploration setbacks, and strengthens bargaining position in joint ventures or asset sales without creating leverage-driven solvency risk.
Read all positive factors
Predictive Discovery Limited (PDI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$4.61B
Dividend YieldN/A
Average Volume (3M)2.26M
Price to Earnings (P/E)―
Beta (1Y)1.80
Revenue GrowthN/A
EPS Growth-14.67%
CountryAU
Employees27
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.03
Shares Outstanding988,014,700
10 Day Avg. Volume1,672,297
30 Day Avg. Volume2,256,326
Financial Highlights & Ratios
PEG Ratio-2.49
Price to Book (P/B)4.14
Price to Sales (P/S)0.00
P/FCF Ratio-18.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$4.45Price Target Upside-0.67% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.29
Revenue Forecast (FY)AU$493.81M
Predictive Discovery Limited Business Overview & Revenue Model
Company Description
Predictive Discovery Limited is a West African gold production and development company. Its asset portfolio is anchored by the Kiniéro Gold Mine in Guinea, and the Nampala Gold Mine in Mali. The company's growth asset is the Tier-1 Bankan Gold Pro...
How the Company Makes Money
PDI does not operate producing mines, so it typically does not generate ongoing revenue from mineral sales. Instead, its economic model is primarily value-creation through exploration success and project advancement, which can be monetized in seve...
Predictive Discovery Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
29
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 170.77K | 0.00 | 0.00 | 15.04K |
| Gross Profit | -528.49K | -603.54K | 170.77K | -524.00K | -222.00K | -45.49K |
| EBITDA | -20.93M | -15.09M | -8.08M | -10.42M | -9.47M | -6.56M |
| Net Income | -18.03M | -13.00M | -8.68M | -11.23M | -9.69M | -6.62M |
Balance Sheet | ||||||
| Total Assets | 220.93M | 231.32M | 176.59M | 133.79M | 80.63M | 38.79M |
| Cash, Cash Equivalents and Short-Term Investments | 42.98M | 69.23M | 52.43M | 44.89M | 42.04M | 22.73M |
| Total Debt | 360.60K | 0.00 | 159.33K | 313.24K | 0.00 | 0.00 |
| Total Liabilities | 6.91M | 2.68M | 6.64M | 4.95M | 6.55M | 2.50M |
| Stockholders Equity | 214.02M | 228.64M | 169.95M | 128.84M | 74.08M | 36.29M |
Cash Flow | ||||||
| Free Cash Flow | -43.81M | -51.15M | -41.42M | -57.43M | -23.75M | -14.64M |
| Operating Cash Flow | -14.65M | -8.67M | -5.17M | -56.94M | -23.04M | -14.29M |
| Investing Cash Flow | -38.41M | -47.49M | -59.25M | -453.67K | -712.10K | -347.18K |
| Financing Cash Flow | 67.36M | 67.88M | 48.88M | 60.67M | 43.06M | 28.73M |
Predictive Discovery Limited Technical Analysis
Positive
4.48
Price Trends
3.77
Positive
4.04
Positive
4.04
Positive
Market Momentum
0.20
Positive
60.46
Neutral
82.54
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PDI, the sentiment is Positive. The current price of 4.48 is above the 20-day moving average (MA) of 4.32, above the 50-day MA of 3.77, and above the 200-day MA of 4.04, indicating a bullish trend. The MACD of 0.20 indicates Positive momentum. The RSI at 60.46 is Neutral, neither overbought nor oversold. The STOCH value of 82.54 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PDI.
Predictive Discovery Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | AU$4.40B | 7.09 | 39.02% | ― | 111.74% | 100.58% | |
82 Outperform | AU$8.98B | 15.74 | 18.86% | 2.10% | 12.65% | 11.08% | |
78 Outperform | AU$3.08B | 14.16 | 46.66% | ― | 100.85% | 13.66% | |
69 Neutral | AU$816.40M | 9.40 | 25.37% | ― | 909.33% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$4.61B | -124.64 | -8.15% | ― | ― | -14.67% | |
45 Neutral | AU$2.53B | -39.81 | -6.70% | ― | 17.08% | -158.79% |
* Basic Materials Sector Average
AU:PDI
Predictive Discovery Limited
4.52
2.24
98.68%
AU:PRU
Perseus Mining
6.77
2.62
62.98%
AU:WAF
West African Resources Ltd
3.79
0.75
24.67%
AU:OBM
Ora Banda Mining
1.56
0.50
48.10%
AU:BC8
Black Cat Syndicate Ltd.
1.03
-0.03
-2.83%
AU:BGL
Bellevue Gold Limited
1.65
0.73
79.78%
Predictive Discovery Limited Corporate Events
Predictive Discovery Sharpened Strategy to Build Africa’s Next Gold Leader
Jul 29, 2026
Predictive Discovery Limited has outlined its FY2026 June quarter activities within a broader strategic framework focused on responsible resource development in Africa. The release reaffirms its purpose and mission to become a leading gold produce...
Predictive Discovery lifts gold output and cash flow in June quarter
Jul 29, 2026
Predictive Discovery Limited reported a robust June quarter driven by strong operational performance at its Kiniéro and Nampala gold mines in Guinea, alongside advancement of the Bankan project. The company poured 64,026oz of gold, increased ...
Citi Group Ceases to Be Substantial Holder in Predictive Discovery
Jul 27, 2026
Citigroup Global Markets Australia Pty Limited and related Citi entities have notified Predictive Discovery Limited that they have ceased to be a substantial holder in the company as of 23 July 2026. The notice details shifts in relevant interests...
Predictive Discovery Plans Name Change and Capital Consolidation as West African Gold Portfolio Grows
Jul 21, 2026
Predictive Discovery Limited, a West African gold producer and developer, runs the Kiniero Gold Mine in Guinea and the Nampala Gold Mine in Mali, generating strong cash flows from existing operations. Its long-life Tier-1 Bankan Gold Project in Gu...
Predictive Discovery to Consolidate Capital Structure Across ASX-Listed Securities
Jul 21, 2026
Predictive Discovery Limited has announced a security consolidation affecting its ordinary fully paid shares, listed warrants, various options and director restricted share units traded under ASX code PDI. The consolidation has been approved by se...
Predictive Discovery Plans Name Change to PDI Gold and Capital Consolidation
Jul 21, 2026
Predictive Discovery Limited has called a general meeting of shareholders for 21 August 2026 in Perth, with virtual access, setting record dates for voting eligibility in both Australia and Canada and outlining regulatory procedures for registered...
Predictive Discovery posts strong June quarter gold output and cash position
Jul 7, 2026
Predictive Discovery reported a strong June 2026 quarter, with its Kiniero Gold Mine in Guinea achieving average plant throughput of 1,113 tonnes per hour, materially above its 6.0Mtpa nameplate capacity, and gold recovery of 90.5%, underscoring o...
Predictive Discovery Seeks ASX Quotation for 3 Million New Shares
Jul 6, 2026
Predictive Discovery Limited has applied for the quotation of 3,000,000 new ordinary fully paid shares on the Australian Securities Exchange, under its existing issuer code PDI. The shares, issued on 6 July 2026, expand the company’s listed ...
Predictive Discovery Converts Performance Units as Options Vest
Jul 3, 2026
Predictive Discovery Limited, a West African-focused gold producer and developer, operates the Kiniero Gold Mine in Guinea and the Nampala Gold Mine in Mali, which together underpin its cash generation and expansion strategy. The company’s l...
Predictive Discovery Seeks ASX Quotation for 40.5 Million Employee Plan Shares
Jul 3, 2026
Predictive Discovery Limited has applied to the ASX for quotation of 40,489,300 ordinary fully paid shares under its issuer code PDI. These securities were previously issued under an employee incentive scheme and are now becoming freely tradable a...
Predictive Discovery Seeks ASX Quotation for New Share Issuance
Jun 30, 2026
Predictive Discovery Limited has applied to the Australian Securities Exchange for quotation of an additional 1,965,500 ordinary fully paid shares under its existing PDI ticker. The new securities are scheduled to be quoted with an issue date of J...
Predictive Discovery appoints new auditor as it advances West African gold growth plans
Jun 24, 2026
Predictive Discovery Limited has appointed Grant Thornton Audit Pty Ltd as its new auditor, following the resignation of PKF Perth and approval of the change by the Australian Securities and Investments Commission. The change is effective immediat...
Predictive Discovery Releases Nine-Month 2026 Financial Report and Corporate Directory
May 13, 2026
Predictive Discovery Limited has released its financial report for the nine-month period ended 31 March 2026, outlining its consolidated position as a group of controlled entities. The document primarily details the company’s corporate struc...
Predictive Discovery Director Simon Jackson Trims Indirect Shareholding
May 8, 2026
Predictive Discovery Limited has disclosed a change in the indirect shareholding of director Simon Jackson, lodged under ASX listing rule requirements. The update reflects a routine adjustment in director interests, providing investors with transp...
Predictive Discovery shifts year-end to align with West African operations
May 4, 2026
Predictive Discovery Limited has resolved to shift its financial year end from 30 June to 31 December to better align its reporting and audit timetable with its African operations, particularly in Guinea. The company will report for the twelve mon...
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.