Thorney Opportunities Ltd. (TOP) AI Stock Analysis

• Market Cap: AU$99.64M
• Dividend Yield: 4.37%
• Average Volume (3M): 35.11K
• Price to Earnings (P/E): 141.7
• Beta (1Y): 0.39
• Revenue Growth: -103.93%
• EPS Growth: -92.24%
• Country: AU
• Employees: N/A
• Sector: General
• Sector Strength: N/A
• Industry: Asset Management
• EPS (TTM): <0.01
• Shares Outstanding: 167,460,390
• 10 Day Avg. Volume: 49,867
• 30 Day Avg. Volume: 35,112
• PEG Ratio: -1.23
• Price to Book (P/B): 0.63
• Price to Sales (P/S): -121.66
• P/FCF Ratio: -4.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: AU$0.60 ▼(-13.04% Downside)
• Action: Reiterated
• Date: 09/06/26

Positive Factors

Debt-free balance sheet

Zero debt reduces refinancing exposure and interest-related pressure, giving the company greater flexibility to hold investments through market cycles. This strong capital structure also preserves capacity to manage liquidity and allocate capital without the constraints typically created by leverage.

Negative Factors

FY2026 earnings quality deterioration

The divergence between positive net income and negative revenue and operating profit suggests recent results rely on non-operating items or valuation movements rather than a stable operating base. That weakens confidence in the durability and repeatability of reported profitability over coming periods.

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 companie...

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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 companie...

How the Company Makes Money

TOP makes money primarily through investment returns generated by managing its portfolio. Key sources include: (1) Capital gains: profits realized when portfolio holdings are sold for more than their purchase price; (2) Unrealized gains (mark-to-m...

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TOP makes money primarily through investment returns generated by managing its portfolio. Key sources include: (1) Capital gains: profits realized when portfolio holdings are sold for more than their purchase price; (2) Unrealized gains (mark-to-m...

Thorney Opportunities Ltd. Financial Statement Overview

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	-775.61K	17.52M	57.51M	13.23M	-3.01M
Gross Profit	-3.89M	17.52M	57.51M	15.56M	-5.40M
EBITDA	0.00	14.11M	45.11M	10.37M	0.00
Net Income	857.51K	8.54M	35.03M	10.86M	-3.72M
Balance Sheet
Total Assets	164.97M	179.90M	185.82M	138.33M	132.50M
Cash, Cash Equivalents and Short-Term Investments	142.18M	152.60M	157.40M	100.87M	94.25M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	15.18M	21.80M	26.58M	5.27M	3.20M
Stockholders Equity	149.79M	158.09M	159.24M	133.06M	129.30M
Cash Flow
Free Cash Flow	-19.28M	18.78M	28.31M	7.94M	2.64M
Operating Cash Flow	-19.28M	18.78M	28.31M	7.94M	2.64M
Investing Cash Flow	-1.51M	-28.26K	0.00	0.00	4.60M
Financing Cash Flow	-9.16M	-9.69M	-8.84M	-7.11M	-6.46M

Thorney Opportunities Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.69
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TOP, the sentiment is Positive. The current price of 0.69 is above the 20-day moving average (MA) of 0.58, above the 50-day MA of 0.57, and above the 200-day MA of 0.58, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 66.88 is Neutral, neither overbought nor oversold. The STOCH value of 61.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:TOP.

Thorney Opportunities Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MFF	67 Neutral	AU$3.22B	19.56	6.21%	3.52%	44.63%	-63.30%
PAC	63 Neutral	AU$312.37M	-372.67	-0.37%	4.29%	-88.55%	-104.51%
MIR	63 Neutral	AU$561.19M	42.59	2.07%	4.20%	45.10%	44.28%
SB2	58 Neutral	AU$49.19M	-6.44	-9.58%	6.52%	-42.55%	-396.54%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TOP	55 Neutral	AU$99.64M	141.67	0.55%	4.37%	-103.93%	-92.24%

Thorney Opportunities Ltd. Corporate Events