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Graphene Manufacturing Group Ltd
(GMG)
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Rating:47Neutral
Price Target:
C$2.00
▼(-1.96% Downside)
Action:Reiterated
Date:10/02/26
The score is weighed down primarily by weak financial performance (sharp revenue decline, widening losses, persistent cash burn, and negative equity). Technical indicators are relatively neutral and do not offset the fundamental risk, while valuation remains unattractive/uncertain due to ongoing losses and no dividend support.
Positive Factors
Graphene Application Focus
A focused graphene platform serving both energy and industrial applications gives GMG exposure to multiple potential use cases. This product specialization can support differentiation and longer-term commercialization if the company converts development work into repeat customer demand.
Negative Factors
Revenue Contraction
An approximately 85% annual revenue decline indicates that customer demand or commercialization has not yet become dependable. Such volatility makes planning difficult, limits operating leverage, and weakens the company’s ability to fund product development from internally generated sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Graphene Application Focus
A focused graphene platform serving both energy and industrial applications gives GMG exposure to multiple potential use cases. This product specialization can support differentiation and longer-term commercialization if the company converts development work into repeat customer demand.
Read all positive factors
Graphene Manufacturing Group Ltd (GMG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$260.86M
Dividend YieldN/A
Average Volume (3M)89.02K
Price to Earnings (P/E)―
Beta (1Y)1.85
Revenue Growth224.03%
EPS Growth-204.33%
CountryCA
Employees41
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-0.24
Shares Outstanding133,772,670
10 Day Avg. Volume71,095
30 Day Avg. Volume89,015
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)-995.56
Price to Sales (P/S)392.22
P/FCF Ratio-21.30
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)0.38
Revenue Forecast (FY)C$73.00M
Graphene Manufacturing Group Ltd Business Overview & Revenue Model
Company Description
Graphene Manufacturing Group Ltd, a clean-technology company, engages in the manufacture of graphene powder and energy saving and energy storage solutions enabled by graphene in Australia. The company offers graphene products, including Thermal-XR...
How the Company Makes Money
GMG makes money primarily by commercializing graphene and graphene-enhanced products through product sales and related commercial arrangements. Key revenue streams include: (1) Sales of graphene and/or graphene-based materials supplied to customer...
Graphene Manufacturing Group Ltd Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
28
Negative
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Sep 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 739.99K | 4.90M | 294.86K | 170.06K | 54.43K |
| Gross Profit | -8.33M | 4.72M | -446.15K | -280.90K | -256.73K |
| EBITDA | -15.06M | -5.78M | -5.34M | -8.08M | -11.38M |
| Net Income | -30.45M | -8.57M | -7.40M | -9.32M | -11.77M |
Balance Sheet | |||||
| Total Assets | 22.38M | 17.22M | 15.24M | 15.96M | 16.68M |
| Cash, Cash Equivalents and Short-Term Investments | 10.24M | 7.71M | 3.98M | 4.65M | 12.26M |
| Total Debt | 1.47M | 773.99K | 1.35M | 1.31M | 1.03M |
| Total Liabilities | 22.67M | 8.31M | 6.70M | 7.26M | 6.58M |
| Stockholders Equity | -291.53K | 8.91M | 8.54M | 8.69M | 10.10M |
Cash Flow | |||||
| Free Cash Flow | -13.63M | -4.59M | -7.69M | -13.99M | -7.65M |
| Operating Cash Flow | -12.43M | -3.83M | -4.99M | -10.55M | -6.57M |
| Investing Cash Flow | -1.49M | -886.53K | -2.70M | -3.44M | -1.08M |
| Financing Cash Flow | 16.78M | 8.34M | 7.09M | 6.36M | 16.55M |
Graphene Manufacturing Group Ltd Technical Analysis
Negative
2.04
Price Trends
2.27
Negative
2.25
Negative
2.33
Negative
Market Momentum
-0.09
Positive
37.92
Neutral
43.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GMG, the sentiment is Negative. The current price of 2.04 is below the 20-day moving average (MA) of 2.18, below the 50-day MA of 2.27, and below the 200-day MA of 2.33, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 37.92 is Neutral, neither overbought nor oversold. The STOCH value of 43.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GMG.
Graphene Manufacturing Group Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | C$2.33B | 27.00 | 29.60% | ― | 32.53% | 93.32% | |
56 Neutral | C$1.13B | 5,163.35 | 0.21% | 1.63% | 23.69% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | C$260.86M | -8.22 | -969.63% | ― | 224.03% | -204.33% | |
47 Neutral | C$94.63M | -5.62 | -81.75% | ― | ― | -42.93% | |
45 Neutral | C$18.71M | -7.12 | -89.62% | ― | -29.28% | -95.12% | |
41 Neutral | C$5.25M | -5.25 | -24.00% | ― | ― | -904.55% |
* General Sector Average
TSE:GMG
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Graphene Manufacturing Group Ltd Corporate Events
Business Operations and StrategyProduct-Related Announcements
GMG Sends Fast-Charging G®CELLS to Customers for Early Performance Testing
Positive
Oct 21, 2026
Graphene Manufacturing Group Ltd. has begun supplying its fast-charging G®CELLS pouch battery cells to potential customers for early-stage performance testing and evaluation, in line with its 2026 battery roadmap. The initial batch, part of a...
Business Operations and StrategyProduct-Related Announcements
GMG Taps Motocross Star Cairoli to Drive Graphene Lubricant Push
Positive
Oct 19, 2026
Graphene Manufacturing Group Ltd. has appointed nine-time Motocross World Champion and Ducati test rider Antonio Cairoli as brand ambassador to help refine its graphene-based G® LUBRICANT for motorcycle and off-road use. Cairoli will test the...
Business Operations and StrategyProduct-Related Announcements
GMG Posts Major Performance Gains in Fast-Charging Graphene Battery Cells
Positive
Oct 8, 2026
Graphene Manufacturing Group reported significant performance gains for its graphene-based G®CELLS, developed under a joint program with Rio Tinto and tested by the Battery Innovation Center in Indiana. The 1.5 Ah cells, produced with materia...
Business Operations and StrategyPrivate Placements and Financing
Graphene Manufacturing Group Raises C$1.33 Million Through ATM Share Sales
Positive
Oct 1, 2026
Graphene Manufacturing Group has provided a quarterly update on its at-the-market equity program, reporting the issuance of 575,630 ordinary shares on the TSX Venture Exchange at an average price of C$2.374, raising gross proceeds of about C$1.37 ...
Business Operations and StrategyPrivate Placements and Financing
Graphene Manufacturing Group Raises US$10 Million to Scale Graphene and Battery Operations
Positive
Sep 28, 2026
Graphene Manufacturing Group has raised about US$10 million through a non-brokered private placement, selling 6,465,336 ordinary shares at CA$2.15 each to a single private investor, with conditional TSX Venture Exchange approval. The placement was...
Business Operations and StrategyPrivate Placements and Financing
GMG Secures US$10 Million to Scale Graphene Production and Battery Capacity
Positive
Sep 22, 2026
Graphene Manufacturing Group has entered into a subscription agreement with a private investor for a US$10 million private placement, involving 6,465,336 ordinary shares at CA$2.15 each, subject to TSX Venture Exchange approval. The funds are earm...
Business Operations and StrategyProduct-Related Announcements
Graphene Manufacturing Group Highlights Battery Breakthroughs and Cooling Launch in Investor Chat
Positive
Sep 16, 2026
Graphene Manufacturing Group Ltd, an Australian clean-tech specialist, is building a portfolio of graphene-enabled energy-saving and storage products, including HVAC-R coatings, lubricant additives and graphene-based batteries. Its proprietary pro...
Business Operations and StrategyProduct-Related Announcements
GMG builds Asia Pacific sales push for graphene-based energy solutions
Positive
Sep 8, 2026
Graphene Manufacturing Group Ltd., listed on the TSX-V and based in Australia, operates in the clean-technology sector producing graphene-based energy-saving and storage solutions. Its offerings include graphene-enhanced HVAC-R coatings, lubricant...
Business Operations and StrategyProduct-Related AnnouncementsRegulatory Filings and Compliance
GMG Launches Graphene Coolant Additive for Data Centres, Targets Expanding Cooling Market
Positive
Aug 24, 2026
Graphene Manufacturing Group has launched G FLUID, a patent-pending graphene water-based coolant additive designed for data centres and industrial cooling circuits to boost heat transfer and curb microbial and bacterial growth. The product, dosed ...
Business Operations and StrategyProduct-Related Announcements
Graphene Manufacturing Group Unveils New Branding for Next-Generation Graphene Batteries
Positive
Aug 10, 2026
Graphene Manufacturing Group has updated the branding for its graphene battery cells, emphasizing their safe and fast-charging characteristics and the performance benefits derived from graphene to extend battery cycle life. The rebrand, supported ...
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.