Thorney Opportunities Ltd. AI Stock Analysis
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Thorney Opportunities Ltd. (TOP) AI Stock Analysis
Thorney Opportunities Ltd.
(ASX:TOP)
Overall score is held back primarily by unstable operating performance and a sharp FY2026 cash-flow reversal, despite a clearly strong debt-free balance sheet. Technical indicators are mildly supportive, but valuation is a notable risk due to the very high P/E, only partly offset by the dividend yield.
Thorney Opportunities Ltd. (TOP) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 86.95M
- Dividend Yield
- 5.29%
- Average Volume (3M)
- 51.24K
- Price to Earnings (P/E)
- 136.8
- Beta (1Y)
- 0.37
- Revenue Growth
- -103.93%
- EPS Growth
- -92.24%
- Country
- Australia
- Employees
- ―
- Sector
- General
- Sector Strength
- 55
- Industry
- Asset Management
Thorney Opportunities Ltd. Business Overview & Revenue Model
Company Description
Thorney Opportunities Ltd operates as an Australian-based equity fund under the management of Thorney Management Services Pty Ltd. The fund strategically allocates capital to the public equity markets within Australia, targeting shares of companies s...
Thorney Opportunities Ltd. Financial Statement Overview
Summary
Mixed fundamentals: a strong, debt-free balance sheet (Score 78) is offset by highly volatile profitability (Income Statement Score 56) and a sharp deterioration in cash generation with FY2026 flipping to negative operating and free cash flow (Cash Flow Score 41). Recent results appear less supported by stable operating revenue, increasing earnings-quality risk.
Income Statement
56NeutralBalance Sheet
78PositiveCash Flow
41Neutral| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -775.61K | -775.61K | 17.52M | 57.51M | 13.23M | -3.01M |
| Gross Profit | -3.89M | -3.89M | 17.52M | 57.51M | 15.56M | -5.40M |
| EBITDA | 8.72M | 0 | 14.11M | 45.11M | 10.37M | 0 |
| Net Income | 857.51K | 857.51K | 8.54M | 35.03M | 10.86M | -3.72M |
Balance Sheet | ||||||
| Total Assets | 164.97M | 164.97M | 179.90M | 185.82M | 138.33M | 132.50M |
| Cash, Cash Equivalents and Short-Term Investments | 142.18M | 142.18M | 152.60M | 157.40M | 100.87M | 94.25M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 15.18M | 15.18M | 21.80M | 26.58M | 5.27M | 3.20M |
| Stockholders Equity | 149.79M | 149.79M | 158.09M | 159.24M | 133.06M | 129.30M |
Cash Flow | ||||||
| Free Cash Flow | -19.28M | -19.28M | 18.78M | 28.31M | 7.94M | 2.64M |
| Operating Cash Flow | -19.28M | -19.28M | 18.78M | 28.31M | 7.94M | 2.64M |
| Investing Cash Flow | -1.51M | -1.51M | -28.26K | 0 | 0 | 4.60M |
| Financing Cash Flow | -9.16M | -9.16M | -9.69M | -8.84M | -7.11M | -6.46M |
Thorney Opportunities Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TOP, the sentiment is Negative. The current price of 0.52 is below the 20-day moving average (MA) of 0.53, below the 50-day MA of 0.55, and below the 200-day MA of 0.55, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 39.02 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TOP.
Thorney Opportunities Ltd. Peers Comparison
Overall Rating
AU:MFF67Neutral
AU:MIR65Neutral
AU:PAC63Neutral
AU:SB258Neutral- AU:TOP55Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| AU:MFF | 67Neutral | AUD 3.14B | 18.98 | 6.21% | 3.98% | 44.63% | -63.30% |
| AU:MIR | 65Neutral | AUD 555.11M | 43.10 | 2.07% | 4.18% | 45.10% | 44.28% |
| AU:PAC | 63Neutral | AUD 304.54M | -367.00 | -0.37% | 4.36% | -88.55% | -104.51% |
| AU:SB2 | 58Neutral | AUD 46.24M | -5.90 | -9.58% | 7.34% | -42.55% | -396.54% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| AU:TOP | 55Neutral | AUD 86.95M | 136.84 | 0.55% | 5.29% | -103.93% | -92.24% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:TOP | Thorney Opportunities Ltd. | 0.52 | -0.13 | -19.75% | |
| AU:PAC | Pacific Current Group Ltd | 11.00 | 0.73 | 7.13% | |
| AU:SB2 | Salter Brothers Emerging Companies Ltd. | 0.55 | -0.17 | -23.35% | |
| AU:MFF | MFF Capital Investments Ltd. | 5.28 | 0.65 | 13.97% | |
| AU:MIR | Mirrabooka Investments Ltd | 2.50 | -0.57 | -18.57% |
Thorney Opportunities Ltd. Corporate Events
Thorney Opportunities Reports October NTA Decline Amid Market Volatility
Thorney Opportunities Ltd. is an ASX-listed investment company investing in listed and unlisted equities and financial assets across media, automotive, energy, engineering and mining services, and financial services. Its investment approach combines...
Thorney Opportunities lifts NTA, boosts dividend and maintains buyback firepower
Thorney Opportunities Ltd reported that its after-tax net tangible assets rose to 88.5 cents per share at 30 September 2026, outperforming the S&P Small Ordinaries Accumulation Index over one month, one year and since inception. The portfolio showed...
Thorney Opportunities Cancels Shares After On-Market Buy-Back
Thorney Opportunities Ltd., the ASX-listed investment company trading under the code TOP, has adjusted its capital structure through an on-market share buy-back. The move reflects active capital management, typical of listed investment entities seeki...
Thorney Opportunities Extends On‑Market Share Buy‑Back Program
Thorney Opportunities Ltd. has continued its on-market share buy-back program for its ordinary fully paid shares, reporting that it repurchased 100,000 shares on the previous trading day. The cumulative total bought back has reached 3,649,438 shares,...
Thorney Opportunities Reports Ongoing Daily On-Market Buy-Back Activity
Thorney Opportunities Ltd. has provided an updated notification to the ASX confirming the continuation of its on-market share buy-back program for its ordinary fully paid shares. The latest daily report shows that a total of 3,449,519 shares had been...
Thorney Opportunities Issues Daily Update on On-Market Share Buy-Back
Thorney Opportunities Ltd. has released an updated notification regarding its ongoing on-market share buy-back program for ordinary fully paid shares under the ASX code TOP. The latest daily update, dated 24 September 2026, reports that a total of 3,...
Thorney Opportunities Updates Daily On-Market Share Buy-Back
Thorney Opportunities Ltd., an ASX-listed investment company trading under the code TOP, manages a portfolio of ordinary fully paid shares for its investors. Operating in the listed investment and funds management space, it uses capital management to...
Thorney Opportunities Extends On-Market Share Buy-Back Program
Thorney Opportunities Ltd., the ASX-listed investment company trading under ticker TOP, continues to deploy on-market buy-backs as a core capital management tool. The firm seeks to refine its share base while signalling confidence in its portfolio st...
Thorney Opportunities Updates ASX on Progress of On‑Market Share Buy‑Back
Thorney Opportunities Ltd has provided an updated notification to the ASX regarding its ongoing on‑market share buy‑back program for its ordinary fully paid shares. The latest filing, dated 21 September 2026, reports that the company had repurchased...
Thorney Opportunities Continues On-Market Share Buy-Back
Thorney Opportunities Ltd has provided a daily update on its ongoing on-market share buy-back program for its ordinary fully paid shares, listed under the ASX code TOP. The company reported that a total of 3,014,064 shares had been repurchased prior...
Thorney Opportunities Continues On-Market Share Buy-Back Program
Thorney Opportunities Ltd has continued its on-market share buy-back program, repurchasing 50,000 ordinary fully paid shares on 15 September 2026, bringing the cumulative total bought back to 2,964,064 shares. The ongoing daily buy-back notifications...
Thorney Opportunities Updates Market on Daily Share Buy-Back Activity
Thorney Opportunities Ltd., an Australian listed investment company trading under ASX code TOP, provides shareholders with exposure to a managed portfolio of equity investments. Its ordinary fully paid shares are the primary securities through which...
Thorney Opportunities Issues Daily Update on Ongoing Share Buy-Back
Thorney Opportunities Ltd., an Australian listed investment company trading under the ASX code TOP, manages a portfolio of ordinary fully paid shares to deliver value to its investors. The firm operates as an active investor in the equities market, a...
Thorney Opportunities Cancels Shares Following On‑Market Buy‑Back
Thorney Opportunities Ltd has cancelled 252,888 ordinary fully paid shares following execution of an on-market buy-back, effective 10 September 2026. The reduction in issued capital reflects active capital management by the investment company and may...
Thorney Opportunities Advances Daily On-Market Share Buy-Back Program
Thorney Opportunities Ltd., the ASX-listed investment company trading under ticker TOP, continues to pursue its capital management strategy through an on-market share buy-back program of its ordinary fully paid shares. The vehicle offers shareholders...
Thorney Opportunities lifts NTA and declares record FY2026 dividend
Thorney Opportunities Ltd reported an after-tax net tangible asset backing of 87.7 cents per share at 31 August 2026, up from 86.7 cents a month earlier, with its portfolio returning 3.00% for the month but lagging the S&P/ASX Small Ordinaries Accumu...
Thorney Opportunities Updates Daily On-Market Share Buy-Back Activity
Thorney Opportunities Ltd, an ASX-listed investment company, continues to use on-market share buy-backs as part of its capital management strategy, targeting its ordinary fully paid shares under the TOP ticker. The vehicle seeks to enhance shareholde...
Thorney Opportunities Continues On‑Market Share Buy‑Back Programme
Thorney Opportunities has provided an updated notification on its ongoing on‑market share buy‑back program, confirming the repurchase of 17,451 ordinary fully paid shares in the most recent trading day. This lifts the cumulative number of shares boug...
Thorney Opportunities Updates Daily On-Market Share Buy-Back
Thorney Opportunities Ltd has updated investors on its ongoing on-market share buy-back program for its ordinary fully paid shares traded under the ASX code TOP. The update confirms that a total of 2,724,646 shares had been repurchased before the pre...
Thorney Opportunities Files Updated Corporate Governance Statement with ASX
Thorney Opportunities Ltd. has lodged its updated corporate governance statement for the year ended 30 June 2026 and made it available via its website, in line with ASX Listing Rule 4.10.3 requirements for listed entities. The board has confirmed the...
Thorney Opportunities Declares Semi-Annual Cash Distribution
Thorney Opportunities Ltd. has declared a fully paid cash distribution of AUD 0.0165 per ordinary share for the six-month period ended 30 June 2026. The ASX-listed investment company has set an ex-dividend date of 10 September, a record date of 11 Se...
Thorney Opportunities Updates Daily On‑Market Share Buy‑Back
Thorney Opportunities Ltd. has continued its on‑market share buy‑back program for its ordinary fully paid shares, ticker TOP, providing a daily update to the ASX. The latest notification confirms the company is actively repurchasing stock as part of...
Thorney Opportunities Issues Daily Update on Ongoing Share Buy-Back
Thorney Opportunities Ltd., an ASX-listed investment company trading under the code TOP, manages a portfolio of market opportunities through its ordinary fully paid shares. It operates in the listed investment sector and actively employs buy-backs an...
Thorney Opportunities Issues Daily Update on Ongoing Share Buy-Back
Thorney Opportunities Ltd, an ASX-listed investment company trading under ticker TOP, continues to manage its capital structure through active share repurchases of its ordinary fully paid shares. The company operates in the Australian equities market...
Thorney Opportunities Posts Softer Start to FY2027 but Sticks to Value Strategy
Thorney Opportunities Ltd reported a modest softening in performance at the start of FY2027, with its after-tax net tangible assets per share slipping to 86.7 cents at 31 July from 87.3 cents a month earlier, although its three-year and since-incepti...
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.
Date of analysis: Sep 06, 2026