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Tribeca Global Natural Resources Ltd.
(Sydney:TGF)
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Rating:71Outperform
Price Target:
AU$3.00
â–²(5.26% Upside)
Action:Reiterated
Date:09/06/26
The score is driven by an attractive valuation (very low P/E and high dividend yield) and supportive technical trend (price above major moving averages with positive MACD). The main offset is financial performance risk: despite a strong, low-debt balance sheet, earnings and revenue are highly volatile and cash flow conversion is weak and inconsistent.
Positive Factors
Debt-free balance sheet
The absence of reported debt reduces leverage and interest-related pressure, giving TGF greater resilience when resource markets weaken. Its meaningful equity base also supports portfolio flexibility and limits the risk that financing obligations constrain investment decisions over the next several quarters.
Negative Factors
Earnings volatility
The swing between profits and losses indicates that TGF’s earnings are highly sensitive to portfolio and resource-market outcomes. Such variability reduces predictability for shareholders and makes sustained distributions, planning, and assessment of normalized earnings more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of reported debt reduces leverage and interest-related pressure, giving TGF greater resilience when resource markets weaken. Its meaningful equity base also supports portfolio flexibility and limits the risk that financing obligations constrain investment decisions over the next several quarters.
Read all positive factors
Tribeca Global Natural Resources Ltd. (TGF) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$221.28M
Dividend Yield5.84%
Average Volume (3M)103.51K
Price to Earnings (P/E)2.6
Beta (1Y)1.72
Revenue GrowthN/A
EPS Growth1457.14%
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management - Global
Share Statistics
EPS (TTM)0.99
Shares Outstanding86,100,000
10 Day Avg. Volume87,111
30 Day Avg. Volume103,509
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.86
Price to Sales (P/S)47.16
P/FCF Ratio13.23
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
Tribeca Global Natural Resources Ltd. Business Overview & Revenue Model
Company Description
Operating as an investment company, Tribeca Global Natural Resources Limited focuses its activities on infrastructure projects and is based in Sydney, New South Wales, Australia....
How the Company Makes Money
TGF does not earn revenue from selling products or providing operating services in the natural-resources industry; instead, it makes money primarily through investment returns generated by its portfolio. Its economic results typically come from (1...
Tribeca Global Natural Resources Ltd. Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
83
Very Positive
Cash Flow
46
Neutral
| Breakdown | Jun 2025 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.15M | 20.23M | -2.40M | 7.04M | 52.51M |
| Gross Profit | 138.34M | 20.23M | -10.94M | -3.40M | 36.91M |
| EBITDA | 0.00 | 17.02M | -14.38M | 12.06M | -18.73M |
| Net Income | 75.94M | 5.02M | -9.59M | 7.63M | -11.82M |
Balance Sheet | |||||
| Total Assets | 382.19M | 248.21M | 239.63M | 318.20M | 279.32M |
| Cash, Cash Equivalents and Short-Term Investments | 302.52M | 163.93M | 204.03M | 297.82M | 181.95M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 154.66M | 78.97M | 75.40M | 140.82M | 134.80M |
| Stockholders Equity | 227.53M | 169.25M | 164.23M | 177.38M | 144.52M |
Cash Flow | |||||
| Free Cash Flow | 14.78M | -15.63M | 24.08M | -23.33M | -11.82M |
| Operating Cash Flow | 14.78M | -15.63M | 24.08M | -23.33M | -11.82M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -17.66M | 0.00 | -3.56M | 25.22M | 0.00 |
Tribeca Global Natural Resources Ltd. Technical Analysis
Negative
2.85
Price Trends
2.64
Negative
2.59
Negative
2.58
Negative
Market Momentum
-0.02
Positive
38.80
Neutral
3.70
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TGF, the sentiment is Negative. The current price of 2.85 is above the 20-day moving average (MA) of 2.73, above the 50-day MA of 2.64, and above the 200-day MA of 2.58, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 38.80 is Neutral, neither overbought nor oversold. The STOCH value of 3.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TGF.
Tribeca Global Natural Resources Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$221.28M | 2.60 | 33.58% | 5.84% | ― | 1457.14% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | AU$1.97B | 6.46 | 19.98% | 4.49% | ― | 40.23% | |
66 Neutral | AU$1.46B | 42.53 | 2.41% | 1.82% | 2.27% | -84.63% | |
61 Neutral | AU$40.43M | 6.33 | 10.39% | 5.44% | 296.18% | -17.85% | |
59 Neutral | AU$719.20M | -20.35 | -4.16% | 8.55% | -123.14% | -133.85% | |
46 Neutral | AU$30.02M | -22.64 | -3.10% | ― | -137.88% | -267.38% |
* Financial Sector Average
AU:TGF
Tribeca Global Natural Resources Ltd.
2.57
0.75
41.36%
AU:NGI
Navigator Global Investments Ltd
2.30
0.14
6.38%
AU:PGF
PM Capital Global Opportunities Fund Ltd.
3.23
0.62
23.61%
AU:GFL
Global Masters Fund Limited
2.66
-1.12
-29.63%
AU:FPC
Fat Prophets Global Contrarian Fund Ltd.
1.27
-0.21
-14.41%
AU:WGB
WAM Global Ltd.
2.00
-0.38
-16.11%
Tribeca Global Natural Resources Ltd. Corporate Events
Tribeca Global Natural Resources Posts Indicative NTA of $3.43 Per Share
Sep 28, 2026
Tribeca Global Natural Resources Limited has reported an estimated net tangible asset backing per ordinary share of $3.43 pre-tax and $3.04 post-tax as of 25 September 2026 on an ex-dividend basis, reflecting a previously announced $0.10 per share...
Tribeca Global Natural Resources Updates Estimated NTA Backing Post Dividend
Sep 21, 2026
Tribeca Global Natural Resources Ltd., an ASX-listed investment company focused on global natural resources, reported an estimated net tangible asset backing per ordinary share as at 18 September 2026, excluding the effect of its recently declared...
Tribeca Global Natural Resources Finalises DRP Details for Interim Distribution
Sep 14, 2026
Tribeca Global Natural Resources has updated its notification regarding an interim distribution for the six months ended 30 June 2026 on its ordinary fully paid shares. The update confirms key timetable details, including an ex-date of 2 September...
Tribeca Global Natural Resources posts estimated NTA backing for September
Sep 14, 2026
Tribeca Global Natural Resources has released an estimated net tangible asset backing per ordinary share as at 11 September 2026, reporting a pre-tax NTA of $3.53 and a post-tax NTA of $3.10 on an ex-dividend basis. The figures, which are based on...
Tribeca Global Natural Resources Launches On-Market Share Buy-Back
Sep 10, 2026
Tribeca Global Natural Resources Ltd. has announced an on-market share buy-back of its ordinary fully paid shares listed on the ASX under the code TGF. The buy-back was formally notified on 10 September 2026, signalling the board’s decision ...
Tribeca Global Natural Resources Extends On-Market Share Buy-Back Program
Sep 9, 2026
Tribeca Global Natural Resources Ltd. has announced it will continue its on-market share buy-back program, with the current program concluding and a new one commencing on 10 September 2026. The new buy-back authorises the purchase of up to 7,369,3...
Tribeca Global Natural Resources Begins DRP Share Purchases on ASX
Sep 8, 2026
Tribeca Global Natural Resources Limited has begun on-market share purchases under its Dividend Reinvestment Plan, with trading on the ASX commencing on 7 September. All brokerage and associated costs for these DRP-related acquisitions will be cov...
Tribeca Global Natural Resources posts indicative ex-dividend NTA update
Sep 7, 2026
Tribeca Global Natural Resources Limited has released an estimated net tangible asset backing per ordinary share as at 4 September 2026, reporting an ex-dividend pre-tax NTA of $3.75 and a post-tax NTA of $3.24, calculated over 73,693,826 shares o...
Tribeca Global Natural Resources appoints Timothy Lindley as new chairman
Aug 31, 2026
Tribeca Global Natural Resources Ltd. has appointed veteran investment banker Timothy Lindley as Non-Executive Director and Independent Chairman, effective immediately, following the resignation of Rebecca O’Dwyer from the same role. The boa...
Tribeca Global Natural Resources posts indicative NTA update for late August
Aug 31, 2026
Tribeca Global Natural Resources Limited has released an indicative update on its net tangible asset backing per share as at 28 August 2026, reporting an estimated pre-tax NTA of $3.86 and post-tax NTA of $3.32 on 73,693,826 shares on issue. The c...
Tribeca Global Natural Resources Affirms ASX Governance Compliance for 2026
Aug 28, 2026
Tribeca Global Natural Resources Ltd. has confirmed that its corporate governance statement for the year ended 30 June 2026 is current and has been approved by the board. The statement is published on the company’s website, satisfying ASX Li...
Tribeca Global Natural Resources Declares AUD 0.10 Interim Dividend
Aug 28, 2026
Tribeca Global Natural Resources Ltd., an ASX-listed investment company focused on global natural resources assets through its ordinary fully paid TGF shares, aims to deliver returns via active portfolio management in commodities and related secto...
Tribeca Global Natural Resources posts surge in profit and lifts dividend
Aug 27, 2026
Tribeca Global Natural Resources reported a sharp jump in performance for the year to 30 June 2026, with revenue from ordinary activities surging to $138.3 million from $20.2 million a year earlier. Profit from ordinary activities climbed to $109....
Tribeca Global Natural Resources Issues Indicative NTA Update for August
Aug 24, 2026
Tribeca Global Natural Resources has released an updated estimate of its net tangible asset backing per share as at 21 August 2026, reporting a pre-tax NTA of $3.78 and a post-tax NTA of $3.29 based on 73,693,826 shares on issue. The company stres...
Tribeca Global Natural Resources Posts Indicative Mid-August NTA Estimate
Aug 17, 2026
Tribeca Global Natural Resources Ltd. has released an estimated net tangible asset backing per ordinary share as at 14 August 2026, with a pre-tax NTA of $3.45 and a post-tax NTA of $3.06 based on 73,693,826 shares on issue. The company emphasised...
Tribeca Global Natural Resources Posts July NTA Update Amid Volatile Returns
Aug 14, 2026
Tribeca Global Natural Resources Ltd. reported its monthly net tangible asset statement and investment update for 31 July 2026, showing a share price of $2.34 against a pre-tax NTA per share of $3.0339 and post-tax NTA of $2.7710. The update highl...
Tribeca Global Natural Resources posts indicative NTA update for early August
Aug 10, 2026
Tribeca Global Natural Resources Limited has released an estimated net tangible asset backing per ordinary share as at 7 August 2026, reporting a pre-tax NTA of $3.40 and a post-tax NTA of $3.03, based on 73,693,826 shares on issue. The company no...
Tribeca Global Natural Resources Posts Estimated July NTA Per Share
Aug 3, 2026
Tribeca Global Natural Resources Limited has released an estimated net tangible asset backing per ordinary share as at 31 July 2026, reporting $3.03 pre tax and $2.77 post tax based on 73,693,826 shares on issue. The figures are provided net of fe...
Tribeca Global Natural Resources posts interim NTA estimate for July
Jul 27, 2026
Tribeca Global Natural Resources Ltd. has released an estimated net tangible asset backing per ordinary share as at 24 July 2026, indicating a pre-tax NTA of $3.09 and a post-tax NTA of $2.81 based on 73,693,826 shares on issue. These figures are ...
Tribeca Global Natural Resources posts strong FYTD gains despite June setback
Jul 14, 2026
Tribeca Global Natural Resources has reported a pre-tax net tangible asset backing of $3.486 per share and a post-tax NTA of $3.0875 as at 30 June 2026, compared with a share price of $2.60. While the fund recorded a negative pre-tax return of 5.6...
Tribeca Global Natural Resources Releases Indicative Mid-July NTA Per Share
Jul 13, 2026
Tribeca Global Natural Resources Limited has released an estimate of its net tangible asset backing per share as at 10 July 2026, reporting an indicative pre-tax NTA of $3.38 and a post-tax NTA of $3.03 based on 73,693,826 ordinary shares on issue...
Tribeca Global Natural Resources Posts Indicative July NTA Per Share
Jul 6, 2026
Tribeca Global Natural Resources Ltd. reported an estimated net tangible asset backing of $3.55 per share pre-tax and $3.14 per share post-tax as of 3 July 2026, based on 73,693,826 shares on issue. The company emphasised that these figures are in...
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.