Ael.Ax
AEL.AX is an oil and gas exploration and production company operating in the Energy - Fossil Fuels sector, generating revenue primarily through the extraction and sale of hydrocarbons.
Business. AEL.AX is an oil and gas exploration and production company operating in the Energy - Fossil Fuels sector, generating revenue primarily through the extraction and sale of hydrocarbons.
Analyst recommendations
8 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
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Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
AEL.AX is an oil and gas exploration and production company operating in the Energy - Fossil Fuels sector, generating revenue primarily through the extraction and sale of hydrocarbons.
AEL.AX has a debt-to-equity ratio of 0.8, indicating a moderate reliance on debt financing, and a current ratio of 1.64, suggesting reasonable short-term liquidity. However, the company reported a negative return on equity of -10.98% and a negative return on assets of -3.52%, reflecting poor profitability and asset utilization. The company's operating cash flow of 89.31 million AUD contrasts with a negative free cash flow of -3.17 million AUD, indicating that capital expenditures are consuming a significant portion of operating cash.
The company's operating income of -14.36 million AUD and net income of -41.33 million AUD highlight a challenging financial performance, with both metrics falling below the industry median for profitability and returns. The capital expenditure of -75.27 million AUD further underscores the company's investment in maintaining or expanding its production capacity, which is a common practice in the oil and gas sector.
AEL.AX's revenue is concentrated in a single business segment, with no disclosed geographic diversification, which increases exposure to regional economic and regulatory risks. The company's growth trajectory is uncertain, with no specific revenue growth projections provided in the outlook, and the current fiscal year showing a decline in profitability.
The risk assessment indicates a medium liquidity risk and a low dilution risk, with key flags pointing to negative net cash after subtracting total debt. The company's recent financial performance and capital structure suggest a need for careful monitoring of liquidity and debt management.
Recent events, including analyst estimates and recommendations, suggest a mixed outlook, with a mean price target of 2.57 AUD and a median price target of 2.70 AUD, indicating some optimism among analysts despite the company's current financial challenges. The mean recommendation of 2.12, with 2 strong-buy and 4 buy ratings, reflects a generally positive sentiment towards the stock.
The company's capital structure and liquidity position are underpinned by a total equity of 376.52 million AUD and total liabilities of 799.17 million AUD, with long-term debt amounting to 300.12 million AUD. The company's financial health is further complicated by a negative net income and operating income, which may affect its ability to service debt and fund operations without external financing.
- AEL.AX has a moderate debt-to-equity ratio of 0.8, indicating a balanced capital structure.
- The company's negative return on equity and return on assets highlight poor profitability and asset utilization.
- AEL.AX's operating cash flow is positive, but free cash flow is negative, indicating high capital expenditures.
- The company's revenue is concentrated in a single business segment, increasing exposure to regional risks.
- Analysts have a generally positive outlook, with a mean price target of 2.57 AUD and a median price target of 2.70 AUD.
- margin_outlook_rationale: The company's negative operating and net income suggest a deteriorating margin outlook driven by high capital expenditures and operational costs.
- rd_outlook_rationale: No specific R&D outlook is provided, but the company's capital expenditures suggest ongoing investment in exploration and production.
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,18 |
| Revenue | —no estimate | —no estimate | 299,2M AUD |
| Operating income | —no estimate | —no estimate | 93,9M AUD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Physical assets
2 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| Sole Gas Field (Victoria, Australia) | Oil gas extraction | Gas | Australia | Parent |
| Sole Gas Field (Victoria, Australia) | Oil gas extraction | Gas | Australia | Registered owner |
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- AEL.AX Market data — financials · 2026-05-27
- Amplitude Energy Ltd Market data — analyst estimates · 2026-05-27