Want to see AU:VHM full AI Analyst Report?
Top Page
VHM Limited
(Sydney:VHM)
Select Model
Select Model
Rating:41Neutral
Price Target:
AU$0.25
▼(-40.95% Downside)
Action:Reiterated
Date:07/04/26
The score is primarily constrained by weak financial performance—persistent losses and negative operating/free cash flow outweigh the benefit of low balance-sheet leverage. Technicals also remain soft with price below key long-term moving averages and a negative MACD. Valuation signals are limited because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Low leverage / conservative balance sheet
A low debt-to-equity profile gives VHM durable financial flexibility to fund operations or investment despite losses. Conservatively levered balance sheets reduce bankruptcy risk and provide capacity to pursue growth or weather cash flow shortfalls over the next several quarters.
Negative Factors
Persistent unprofitability
Sustained net losses erode equity and limit internal reinvestment capacity. Continued unprofitability over multiple reporting periods undermines long-term viability unless structural cost reduction or margin improvement materializes, pressuring strategic options.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
A low debt-to-equity profile gives VHM durable financial flexibility to fund operations or investment despite losses. Conservatively levered balance sheets reduce bankruptcy risk and provide capacity to pursue growth or weather cash flow shortfalls over the next several quarters.
Read all positive factors
VHM Limited (VHM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$76.34M
Dividend YieldN/A
Average Volume (3M)647.42K
Price to Earnings (P/E)―
Beta (1Y)1.51
Revenue GrowthN/A
EPS Growth13.10%
CountryAU
Employees28
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding311,611,900
10 Day Avg. Volume1,382,492
30 Day Avg. Volume647,422
Financial Highlights & Ratios
PEG Ratio0.43
Price to Book (P/B)0.72
Price to Sales (P/S)9207.46
P/FCF Ratio-4.71
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)0.03
Revenue Forecast (FY)AU$7.83M
VHM Limited Business Overview & Revenue Model
Company Description
VHM Limited, an Australian entity, focuses on discovering and cultivating mineral assets. Its principal venture is the Goschen rare earth and mineral sands project, encompassing 2,860 square kilometers within Victoria, Australia. The company also ...
How the Company Makes Money
null...
VHM Limited Financial Statement Overview
Summary
Income Statement
15
Very Negative
Balance Sheet
40
Negative
Cash Flow
20
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.00K | 5.00K | 23.00K | 110.00K | 0.00 | 0.00 |
| Gross Profit | -203.00K | 5.00K | 23.00K | -169.00K | -125.75K | -153.59K |
| EBITDA | -5.68M | -5.46M | -5.72M | -13.18M | -6.59M | -5.17M |
| Net Income | -6.38M | -6.43M | -7.15M | -17.92M | -9.15M | -6.59M |
Balance Sheet | ||||||
| Total Assets | 82.14M | 74.45M | 70.09M | 78.77M | 63.26M | 38.99M |
| Cash, Cash Equivalents and Short-Term Investments | 13.21M | 8.10M | 6.25M | 20.65M | 24.37M | 10.87M |
| Total Debt | 8.33M | 1.63M | 767.00K | 1.02M | 34.42M | 4.16M |
| Total Liabilities | 8.72M | 10.31M | 11.71M | 14.01M | 45.91M | 14.71M |
| Stockholders Equity | 73.42M | 64.14M | 58.38M | 64.76M | 17.34M | 24.28M |
Cash Flow | ||||||
| Free Cash Flow | -11.20M | -9.78M | -14.62M | -34.53M | -16.53M | -9.04M |
| Operating Cash Flow | -5.35M | -5.19M | -5.65M | -12.01M | -3.99M | -4.34M |
| Investing Cash Flow | -4.50M | -4.59M | -7.74M | -20.19M | -10.40M | -2.13M |
| Financing Cash Flow | 19.16M | 11.85M | -1.01M | 26.96M | 27.88M | 17.02M |
VHM Limited Technical Analysis
Positive
0.42
Price Trends
0.26
Positive
0.30
Negative
0.36
Negative
Market Momentum
>-0.01
Negative
51.62
Neutral
11.43
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:VHM, the sentiment is Positive. The current price of 0.42 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.26, and above the 200-day MA of 0.36, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.62 is Neutral, neither overbought nor oversold. The STOCH value of 11.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:VHM.
VHM Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | AU$97.69M | -80.47 | -5.62% | ― | ― | 35.64% | |
43 Neutral | AU$27.27M | -3.99 | -5.94% | ― | -99.74% | -22.67% | |
42 Neutral | AU$56.34M | -5.06 | -7.41% | ― | 5472.73% | 40.17% | |
42 Neutral | AU$64.53M | -0.79 | -67.75% | ― | ― | 69.69% | |
42 Neutral | AU$24.23M | -12.79 | -4.62% | ― | ― | 1.16% | |
41 Neutral | AU$76.34M | -12.62 | -9.28% | ― | ― | 13.10% |
* Basic Materials Sector Average
AU:VHM
VHM Limited
0.26
0.05
27.50%
AU:AVL
Australian Vanadium
0.15
-0.10
-40.00%
AU:HAS
Hastings Technology Metals Limited
0.27
>-0.01
-1.46%
AU:VML
Vital Metals Ltd
0.11
0.02
15.79%
AU:OCN
Oceana Lithium Ltd.
0.51
0.45
722.58%
AU:RVT
Richmond Vanadium Technology Pty Ltd.
0.11
0.04
46.67%
VHM Limited Corporate Events
VHM Strikes Iluka Deal to Anchor Australian Rare Earths Supply Chain
Jul 1, 2026
VHM Limited has entered a long-term strategic partnership with Iluka Resources to supply rare earths concentrate from its Goschen project in Victoria to Iluka’s Eneabba refinery, forming an integrated Australian rare earths supply chain. The...
Iluka Secures Long-Term Rare Earth Feedstock from VHM for Eneabba Refinery
Jul 1, 2026
Iluka Resources has signed a long-term agreement with VHM Limited for the supply of all planned rare earth concentrate from VHM’s Goschen project in western Victoria. Under the deal, VHM will deliver 146,000 tonnes of concentrate, containing...
VHM Director Ian Smith Lifts Indirect Shareholding via On-Market Purchase
May 1, 2026
VHM Limited director Ian Smith has increased his indirect holding in the company by purchasing 100,000 fully paid ordinary shares on market for $24,950 through the Smith Super Fund account. His indirect shareholding has risen from 600,000 to 700,0...
VHM Director Maree Arnason Increases Indirect Shareholding via On-Market Purchase
Apr 30, 2026
VHM Limited has reported a change in the interests of director Maree Arnason in the company’s securities, as required under ASX listing rules. The notice outlines both her direct and indirect holdings, focusing on updates to her indirect sha...
VHM Issues 320,000 Unquoted Performance Rights Under Employee Scheme
Apr 30, 2026
VHM Limited has disclosed the issuance of 320,000 unquoted performance rights under its employee incentive scheme, with the rights not intended to be quoted on the ASX. The new performance rights, issued earlier in April 2026, are designed to rewa...
VHM Limited Raises Capital via Institutional Share Placement
Apr 26, 2026
VHM Limited has issued 19,230,769 new fully paid ordinary shares at $0.26 each to institutional investors, expanding its capital base through a share placement. The company confirmed the shares were issued without a disclosure document under the C...
VHM Seeks ASX Quotation for 19.2 Million New Shares
Apr 23, 2026
VHM Limited has applied to the ASX for quotation of 19,230,769 new ordinary fully paid shares. The new securities, which are being issued following previously announced transactions, are scheduled to be quoted from April 27, 2026, expanding the co...
VHM Raises A$5m to Accelerate Goschen Critical Minerals Project
Apr 22, 2026
VHM Limited has raised A$5 million through a fully underwritten institutional placement of approximately 19.2 million new shares at A$0.26 each, representing a discount to recent trading prices but attracting support from existing and new institut...
VHM Limited Plans Equity Placement of Up to 19.2 Million Shares
Apr 21, 2026
VHM Limited has notified the ASX of a proposed equity placement involving up to 19,230,769 ordinary fully paid shares, with the new securities expected to be issued on 27 April 2026. The move signals a forthcoming capital raise that may affect the...
VHM launches A$5m placement to advance Goschen rare earths project
Apr 21, 2026
VHM Limited has launched a fully underwritten institutional placement to raise A$5.0 million at A$0.26 per share, issuing about 19.2 million new shares at a discount to recent trading prices. The proceeds will fund early engineering and long‑...
VHM Shares Halted Pending Equity Capital Raising Announcement
Apr 21, 2026
VHM Limited has requested and been granted a trading halt on its shares by the ASX, with the suspension to remain in place until either the outcome of a proposed equity capital raising is announced or normal trading resumes on 22 April 2026. The m...
VHM Fast-Tracks Goschen Project as It Targets 5Mtpa Rare Earths Production
Apr 20, 2026
VHM Limited has intensified development of its Goschen Project in northwest Victoria, securing key approvals including a Biodiversity Management Plan and Design Management Document, and confirming it is fully permitted to mine. The board has appro...
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.