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Vault Minerals Limited
(Sydney:VAU)
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Rating:76Outperform
Price Target:
AU$7.50
â–˛(7.91% Upside)
Action:Upgraded
Date:08/21/26
The score is primarily supported by strong recent financial execution—higher revenue, materially improved profitability, robust cash generation, and very low leverage—offset by a stretched valuation (high P/E) and technically overbought signals (RSI ~72, Stoch ~87) that raise near-term pullback risk despite a clear uptrend.
Positive Factors
Revenue and margin expansion
Strong revenue growth alongside materially higher gross and operating margins indicates improved scale and operating efficiency. If sustained, this profitability inflection can strengthen earnings capacity and provide greater resilience across the gold-price cycle.
Negative Factors
History of earnings volatility
The recent turnaround is encouraging, but several prior loss-making years show that profitability has not yet been proven consistently across cycles. Earnings may remain sensitive to gold prices, operating performance, costs, and mine-specific production variability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and margin expansion
Strong revenue growth alongside materially higher gross and operating margins indicates improved scale and operating efficiency. If sustained, this profitability inflection can strengthen earnings capacity and provide greater resilience across the gold-price cycle.
Read all positive factors
Vault Minerals Limited (VAU) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$7.01B
Dividend Yield1.01%
Average Volume (3M)6.36M
Price to Earnings (P/E)25.5
Beta (1Y)1.85
Revenue Growth34.53%
EPS Growth18.01%
CountryAU
Employees732
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.27
Shares Outstanding1,034,565,900
10 Day Avg. Volume5,994,358
30 Day Avg. Volume6,357,406
Financial Highlights & Ratios
PEG Ratio0.80
Price to Book (P/B)2.03
Price to Sales (P/S)2.25
P/FCF Ratio7.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$6.55Price Target Upside-5.76% Downside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.59
Revenue Forecast (FY)AU$2.34B
Vault Minerals Limited Business Overview & Revenue Model
Company Description
Vault Minerals Limited undertakes the prospecting, extraction, and processing of gold and gold/copper concentrates at its operations throughout Canada and Australia. The company, which was founded in 1995 and has its main office in South Perth, Au...
How the Company Makes Money
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Vault Minerals Limited Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
86
Very Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.93B | 1.43B | 620.00M | 422.75M | 162.90M |
| Gross Profit | 690.91M | 319.71M | 90.40M | 110.87M | -4.21M |
| EBITDA | 990.11M | 574.70M | 149.78M | 77.26M | -6.12M |
| Net Income | 278.41M | 236.98M | -5.44M | -8.73M | -28.53M |
Balance Sheet | |||||
| Total Assets | 2.67B | 2.44B | 2.17B | 670.48M | 577.37M |
| Cash, Cash Equivalents and Short-Term Investments | 825.78M | 674.24M | 428.81M | 20.11M | 32.53M |
| Total Debt | 74.35M | 98.36M | 207.84M | 209.11M | 272.36M |
| Total Liabilities | 530.02M | 444.26M | 546.79M | 340.41M | 394.57M |
| Stockholders Equity | 2.14B | 2.00B | 1.62B | 330.09M | 182.81M |
Cash Flow | |||||
| Free Cash Flow | 548.50M | 239.26M | 182.40M | -79.50M | -182.66M |
| Operating Cash Flow | 887.96M | 540.06M | 206.63M | 46.66M | -5.09M |
| Investing Cash Flow | -364.46M | -300.81M | 270.03M | -126.17M | -160.10M |
| Financing Cash Flow | -371.39M | 6.10M | -67.98M | 67.18M | 176.86M |
Vault Minerals Limited Technical Analysis
Positive
6.95
Price Trends
5.51
Positive
5.02
Positive
5.07
Positive
Market Momentum
0.39
Positive
64.45
Neutral
41.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:VAU, the sentiment is Positive. The current price of 6.95 is above the 20-day moving average (MA) of 6.48, above the 50-day MA of 5.51, and above the 200-day MA of 5.07, indicating a bullish trend. The MACD of 0.39 indicates Positive momentum. The RSI at 64.45 is Neutral, neither overbought nor oversold. The STOCH value of 41.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:VAU.
Vault Minerals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$9.68B | 15.85 | 33.52% | 0.00% | 89.36% | 165.30% | |
78 Outperform | AU$6.43B | 8.93 | 35.03% | 2.32% | 42.59% | 180.54% | |
78 Outperform | AU$7.43B | 25.79 | 20.93% | 0.32% | 44.67% | 70.20% | |
77 Outperform | AU$7.48B | 63.26 | 3.01% | 2.06% | -14.16% | -84.78% | |
76 Outperform | AU$7.01B | 25.47 | 13.62% | 1.01% | 34.53% | 18.01% | |
73 Outperform | AU$6.12B | 13.79 | 19.72% | 0.46% | 79.44% | 1173.17% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
AU:VAU
Vault Minerals Limited
6.78
2.93
76.29%
AU:RRL
Regis Resources Limited
8.48
3.52
71.00%
AU:RMS
Ramelius Resources Limited
3.96
0.65
19.71%
AU:WGX
Westgold Resources
6.48
2.77
74.66%
AU:GMD
Genesis Minerals Limited
8.24
2.97
56.36%
AU:CMM
Capricorn Metals Ltd
16.25
4.94
43.65%
Vault Minerals Limited Corporate Events
Vault Minerals posts surge in FY26 profits and cash as it accelerates growth and Genesis merger
Aug 20, 2026
Vault Minerals reported a transformational FY26, delivering group gold production of 336,540 ounces and sales of 334,904 ounces, with revenue rising 31% to $1.88 billion and underlying EBITDA up 54% to $953.3 million. Underlying net profit before ...
Vault Minerals lifts revenue and profit, introduces interim dividend
Aug 20, 2026
Vault Minerals Limited reported a strong increase in revenue from ordinary activities for the year ended 30 June 2026, with sales rising 35% to A$1.93 billion. Net profit attributable to members rose 17% to A$278.4 million, while net tangible asse...
Macquarie Group Ceases to Be Substantial Holder in Vault Minerals
Jul 31, 2026
Macquarie Group Limited and a wide range of its controlled entities have lodged a notice that they have ceased to be a substantial holder in Vault Minerals Limited. The filing, signed by Macquarie Group Company Secretary Simone Kovacic and dated 3...
Vault Minerals delivers strong FY26 cash flow as it agrees merger with Genesis
Jul 28, 2026
Vault Minerals reported June quarter gold production of 89,338 ounces and full-year output of 336,540 ounces, achieving its FY26 production guidance despite all-in sustaining costs running slightly above target. Strong cash generation lifted cash ...
Macquarie Group Ceases to Be Substantial Holder in Vault Minerals
Jul 24, 2026
Macquarie Group Limited and its controlled entities have filed a notice stating they have ceased to be a substantial shareholder in Vault Minerals Limited. The filing, signed by Macquarie’s company secretary, details changes in relevant inte...
Vault Minerals Wins Key Approvals for Sugar Zone Tailings Facility
Jul 23, 2026
Vault Minerals has secured key regulatory approvals in Ontario to construct the Southern Tailings Management Facility at its Sugar Zone mine, positioning the new facility as the sole tailings storage solution over the life of the current ore reser...
Macquarie Group Ceases to Be Substantial Holder in Vault Minerals
Jul 14, 2026
Macquarie Group Limited and a range of its controlled entities have lodged a notice that they have ceased to be substantial holders in Vault Minerals Limited. The filing, signed by Macquarie’s company secretary and dated 14 July 2026, outlin...
Genesis and Vault Plan Merger to Form New Australian Gold Major
Jul 13, 2026
Vault Minerals Limited and Genesis Minerals Limited operate in the Australian gold mining industry, concentrating on exploration and production of gold assets for ASX-listed investors. Their activities are geared toward building scale and investme...
Genesis–Vault Tie-Up Creates New Australian Gold Major
Jul 13, 2026
Genesis Minerals and Vault Minerals have agreed a merger via a scheme of arrangement that will see Genesis acquire all Vault shares, valuing Vault at about A$5.6 billion at a 15.7% premium. Vault shareholders will receive a mix of Genesis shares a...
Vault Minerals Reports Lapse of 93,500 Performance Rights
Jul 13, 2026
Vault Minerals Limited has notified the market of the lapse of 93,500 performance rights, which have ceased because the conditions attached to those rights were not satisfied or became incapable of being satisfied. The cessation, effective 3 July ...
Genesis Moves Closer to Vault Minerals Acquisition as Regis Steps Aside
Jul 12, 2026
Genesis Minerals has reaffirmed its binding scheme of arrangement proposal to acquire Vault Minerals, which the Vault board has deemed a superior offer to its existing agreement with Regis Resources. The move follows Regis’ decision not to s...
Vault Minerals to Exit Regis Deal in Favour of Genesis Takeover Offer
Jul 12, 2026
Vault Minerals has confirmed that it intends to terminate its existing scheme implementation deed with Regis Resources after Regis chose not to exercise its matching rights over a superior takeover proposal. The move underscores Vault’s shif...
Genesis Confirms Unchanged Bid as Vault Extends Regis Matching Right Period
Jul 6, 2026
Genesis Minerals has acknowledged a clarification from Vault Minerals that the matching right period under the Regis scheme implementation deed will now expire at 11:59 p.m. AWST on Monday, 13 July 2026, rather than the previously cited date of Fr...
Regis Weighs Response as Genesis Tables Superior Offer for Vault Minerals
Jul 6, 2026
Regis Resources has acknowledged that Vault Minerals’ board has received a competing proposal from Genesis Minerals, which Vault considers to be a superior offer to its existing merger-of-equals agreement with Regis. Under the existing Schem...
Genesis outlines non-binding superior proposal for Vault Minerals
Jul 5, 2026
Genesis has outlined that it has delivered a non-binding superior proposal to acquire Vault Minerals Limited via a proposed scheme of arrangement, stressing that no definitive agreement currently exists between the parties. The company emphasises ...
Vault Minerals Receives Superior $5.6bn Takeover Proposal from Genesis
Jul 5, 2026
Vault Minerals has received an unsolicited binding merger proposal from Genesis Minerals, under which Genesis would acquire all Vault shares via a scheme of arrangement, offering a mix of Genesis shares and cash with a flexible mix-and-match struc...
Vault Minerals Hits FY26 Gold Targets, Advances Sugar Zone and KoTH Expansion
Jul 2, 2026
Vault Minerals has met its FY26 production guidance with 336,540 ounces of gold output across its Leonora, Mount Monger and Deflector operations, supported by a 14% quarter-on-quarter lift in Q4. The company is progressing a major processing upgra...
Vault Minerals Clears All Gold Hedges to Maximise Price Exposure
Jun 26, 2026
Vault Minerals has accelerated the settlement of all remaining gold hedge positions, using its substantial cash reserves to close out 10,233 ounces previously scheduled for delivery in Q1 FY27 at an average contracted price of A$2,797 per ounce. T...
UBS Exits Substantial Shareholding in Vault Minerals
Jun 23, 2026
UBS Group AG and its related entities have ceased to be substantial shareholders in Vault Minerals Limited, effective 19 June 2026, according to a statutory notice lodged with the company. The change reflects a reduction in UBS’s relevant in...
Vault Minerals Performance Rights Lapse Trims Conditional Equity Pool
Jun 22, 2026
Vault Minerals Limited has disclosed the lapse of a total of 945,570 performance rights, classified under the VAUAA code, after the conditions attached to these securities were not met or became incapable of being satisfied. The cessation, recorde...
Vault Minerals Issues New Tranche of Unquoted Performance Rights
Jun 10, 2026
Vault Minerals Limited, an Australia-based ASX-listed resources company trading under the code VAU, operates in the minerals sector and employs equity incentive structures as part of its approach to employee compensation and retention. Its use of ...
Macquarie Group exits substantial holding in Vault Minerals
May 28, 2026
Macquarie Group Limited and its controlled entities have lodged a notice stating they have ceased to be substantial holders in Vault Minerals Limited. The filing details changes in relevant interests and associations among various Macquarie entiti...
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.