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GCM Resources
(LSE:GCM)
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Rating:44Neutral
Price Target:
3.50 p
▼(-75.44% Downside)
Action:Reiterated
Date:08/01/26
The score is primarily constrained by weak financial performance: no revenue, continued losses, and sustained negative operating/free cash flow. Technicals add further caution with the stock trading below key longer-term moving averages, suggesting a broader downtrend. Valuation offers limited support because the P/E is negative due to losses and no dividend yield is available.
Positive Factors
Stronger balance sheet vs peers
Low reported leverage (debt-to-equity ~0.16) and ~£38.1m equity provide a durable financial buffer. This reduces near-term refinancing pressure and gives management flexibility to fund project development, joint-venture talks, or staged permitting costs without immediate reliance on external capital markets.
Negative Factors
No revenue and persistent losses
The absence of operating revenue and recurring net losses mean the business generates no internally sourced funds to progress the project. Continued losses erode equity over time, making the company reliant on external financing or asset transactions to sustain development and cover operating costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Stronger balance sheet vs peers
Low reported leverage (debt-to-equity ~0.16) and ~£38.1m equity provide a durable financial buffer. This reduces near-term refinancing pressure and gives management flexibility to fund project development, joint-venture talks, or staged permitting costs without immediate reliance on external capital markets.
Read all positive factors
GCM Resources (GCM) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£60.30M
Dividend YieldN/A
Average Volume (3M)9.23M
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue GrowthN/A
EPS Growth24.32%
CountryUK
Employees14
SectorEnergy
Sector Strength52
IndustryCoal
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding376,901,000
10 Day Avg. Volume12,677,615
30 Day Avg. Volume9,228,829
Financial Highlights & Ratios
PEG Ratio-0.28
Price to Book (P/B)0.31
Price to Sales (P/S)0.00
P/FCF Ratio-9.30
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
GCM Resources Business Overview & Revenue Model
Company Description
GCM Resources Plc, an enterprise focused on resource exploration and development, operates through its various subsidiaries. Its principal undertaking is the Phulbari coal and power project in Northwest Bangladesh, centered on the extraction of th...
How the Company Makes Money
GCM’s expected revenue model is tied to developing and operating (or potentially monetizing its interest in) the Phulbari Coal Project. If the project proceeds, the primary revenue stream would be proceeds from the sale of thermal coal produced fr...
GCM Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
23
Negative
| Breakdown | Jun 2025 | Jun 2024 | Dec 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.61M | -894.00K | -840.00K | -1.20M | -1.49M |
| Net Income | -2.15M | -1.39M | -1.32M | -1.68M | -1.87M |
Balance Sheet | |||||
| Total Assets | 45.67M | 45.51M | 43.98M | 44.16M | 42.98M |
| Cash, Cash Equivalents and Short-Term Investments | 1.31M | 1.66M | 543.00K | 961.00K | 717.00K |
| Total Debt | 6.21M | 5.67M | 5.21M | 4.71M | 4.26M |
| Total Liabilities | 7.58M | 7.05M | 6.56M | 6.08M | 5.69M |
| Stockholders Equity | 38.09M | 38.46M | 37.42M | 38.08M | 37.29M |
Cash Flow | |||||
| Free Cash Flow | -1.27M | -1.21M | -1.28M | -1.37M | -883.00K |
| Operating Cash Flow | -751.00K | -763.00K | -627.00K | -846.00K | -326.00K |
| Investing Cash Flow | -521.00K | -444.00K | -656.00K | -520.00K | -557.00K |
| Financing Cash Flow | 924.00K | 2.32M | 865.00K | 1.61M | 1.53M |
GCM Resources Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
50 Neutral | £7.04M | -11.02 | -8.43% | ― | ― | ― | |
49 Neutral | £37.09M | -2.13 | -30.10% | ― | 4.05% | -513.85% | |
44 Neutral | £60.30M | -28.57 | -4.93% | ― | ― | 24.32% | |
27 Underperform | £22.19M | -8.43 | -78.82% | ― | ― | ― |
* Energy Sector Average
GB:GCM
GCM Resources
13.00
6.75
108.00%
GB:EOG
Europa Oil & Gas (Holdings)
1.85
1.10
146.67%
GB:ORCP
Oracle Coalfields
0.04
0.02
131.25%
GB:ZEN
Zenith Energy
4.55
0.90
24.66%
GCM Resources Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
GCM Resources Updates Voting Rights and Highlights Bangladeshi Coal Power Strategy
Positive
Jun 30, 2026
GCM Resources has confirmed that its issued share capital consists of 374,986,365 ordinary shares of 1 pence each, with one voting right per share, and that it holds no shares in treasury. This updated total voting rights figure provides a clear d...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
GCM Resources issues new shares to consultants and director ahead of AIM admission
Positive
Jun 12, 2026
GCM Resources has issued 6,783,575 new ordinary shares to consultants Dyani Corporation and DG Infratech, as well as to executive director Keith Fulton, in lieu of accrued retainer and director fees covering April to December 2025. The share-based...
Business Operations and StrategyExecutive/Board Changes
GCM Resources grants 25.1 million share options to leadership
Positive
May 21, 2026
GCM Resources has granted 25.1 million share options, equal to about 6.82% of its issued share capital, to directors and senior managers under an unapproved share option scheme. The awards, which carry a five-year term and an exercise price set at...
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.