Brx.Ax
BRX.AX is a specialty mining and metals company operating in the basic materials sector, primarily generating revenue through the extraction and processing of mineral resources.
Business. BRX.AX is a specialty mining and metals company operating in the basic materials sector, primarily generating revenue through the extraction and processing of mineral resources.
Analyst recommendations
18 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
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ2 2026 earnings (expected)2026-07-27 · estimated
- Macro
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- 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
- 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
BRX.AX is a specialty mining and metals company operating in the basic materials sector, primarily generating revenue through the extraction and processing of mineral resources.
BRX.AX has a market capitalization of $12.2 million and a price-to-book ratio of 0.45, indicating that the company is trading at a significant discount to its book value. The company has no long-term debt and a debt-to-equity ratio of 0.0, suggesting a conservative capital structure. However, the company's liquidity position is weak, as evidenced by a current ratio of 0.96, which is below the 1.0 threshold typically considered healthy for short-term solvency.
Profitability metrics for BRX.AX are negative, with a return on equity of -19.64% and a return on assets of -17.26%. These figures are well below the industry norms for specialty mining and metals companies, which typically exhibit positive returns on equity and assets. The company reported a net loss of $5.33 million and an operating loss of $3.80 million, indicating a lack of operational profitability.
The company's revenue is concentrated in a single business segment, as disclosed in its latest financial report, with no geographic diversification provided in the available data. This lack of diversification increases the company's exposure to regional economic and regulatory risks. The absence of segment or geographic breakdowns in the financial data limits the ability to assess the company's risk profile in detail.
BRX.AX's growth trajectory is currently negative, with a reported revenue of $175.62 million, but the company is experiencing declining profitability and negative cash flows. The company's operating cash flow is negative at -$3.93 million, and its free cash flow is -$14.58 million, indicating that the company is not generating sufficient cash to fund its operations or growth initiatives. The capital expenditure of -$9.25 million suggests that the company is not investing in new projects or infrastructure.
The risk assessment for BRX.AX indicates low liquidity and dilution risk, with no immediate filing-based liquidity or dilution flags detected. However, the company's negative net income and operating income, combined with its weak liquidity position, suggest a high operational risk. The company has not issued any new shares recently, and there is no indication of dilution pressure in the near term.
Recent events and filings for BRX.AX do not indicate any significant changes in the company's operations or financial position. The company has not disclosed any major strategic initiatives or capital raising activities in the latest available reports. The absence of recent events or filings suggests a lack of transparency or activity, which could be a concern for investors.
- BRX.AX is trading at a significant discount to its book value, with a price-to-book ratio of 0.45.
- The company is not profitable, with a return on equity of -19.64% and a return on assets of -17.26%.
- BRX.AX has a weak liquidity position, as indicated by a current ratio of 0.96.
- The company is not generating positive cash flows, with an operating cash flow of -$3.93 million and a free cash flow of -$14.58 million.
- There is no immediate liquidity or dilution risk, but the company's negative financial performance raises concerns about its long-term viability.
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
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- See Remarks · Restricted Stock Units → Common StockAcquired 528grant · 2026-02-04
- See Remarks · Restricted Stock Units → Common StockAcquired 12 982grant · 2026-02-04
- See remarks · Restricted Stock Units → Common StockAcquired 12 982grant · 2026-02-04
- See remarks · Restricted Stock Units → Common StockAcquired 20 256grant · 2026-02-04
- See remarks · Restricted Stock Units → Common StockAcquired 1 902grant · 2026-02-04
- See Remarks · Restricted Stock Units → Common StockAcquired 3 246grant · 2026-02-04
- Director, See remarks · Restricted Stock Units → Common StockAcquired 29 258grant · 2026-02-04
- Director, See remarks · Restricted Stock Units → Common StockAcquired 2 746grant · 2026-02-04
- Director, See remarks · Restricted Stock Units → Common StockAcquired 43 275grant · 2026-02-04
- EVP, Chief Investment Officer · Restricted Stock Units → Common StockAcquired 29 258grant · 2026-02-04
- EVP, Chief Investment Officer · Restricted Stock Units → Common StockAcquired 2 746grant · 2026-02-04
- See Remarks · Restricted Stock Units → Common StockAcquired 5 626grant · 2026-02-04
- EVP, Chief Investment Officer · Restricted Stock Units → Common StockAcquired 21 638grant · 2026-02-04
- Director, See remarks · Restricted Stock Units → Common StockDisposed 10 398exercise · 2026-01-01
- See Remarks · Restricted Stock Units → Common StockDisposed 2 971exercise · 2026-01-01
- See Remarks · Restricted Stock Units → Common StockDisposed 498exercise · 2026-01-01
- See Remarks · Restricted Stock Units → Common StockDisposed 496exercise · 2026-01-01
- See Remarks · Restricted Stock Units → Common StockDisposed 481exercise · 2026-01-01
- See Remarks · Restricted Stock Units → Common StockDisposed 880exercise · 2026-01-01
- See Remarks · Restricted Stock Units → Common StockDisposed 391exercise · 2026-01-01
- See Remarks · Restricted Stock Units → Common StockDisposed 928exercise · 2026-01-01
- See Remarks · Restricted Stock Units → Common StockDisposed 927exercise · 2026-01-01
- See Remarks · Restricted Stock Units → Common StockDisposed 1 114exercise · 2026-01-01
- Director, See remarks · Restricted Stock Units → Common StockDisposed 13 033exercise · 2026-01-01
- Director, See remarks · Restricted Stock Units → Common StockDisposed 7 018exercise · 2026-01-01
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Return On Equitynet_income / total_equity
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Ev To Revenueenterprise_value / revenue
- BRX.AX Market data — financials · 2026-05-27
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,08 %$149M
- Investment Managers · as of 2026-03-310,06 %$262M
- Institutional Investor · as of 2026-03-310,06 %$185M
- Institutional Investor · as of 2026-03-310,03 %$148M
- Funds · as of 2026-03-310,03 %$213M
- Investment Managers · as of 2026-03-310,03 %$93M
- Investment Managers · as of 2026-03-310,03 %$138M
- Investment Managers · as of 2026-03-310,03 %$180M
- Investment Managers · as of 2026-03-310,02 %$47M
- Investment Managers · as of 2024-12-310,02 %$80M
- Investment Managers · as of 2026-03-310,02 %$154M
- Investment Managers · as of 2024-06-300,02 %$844M
- Investment Managers · as of 2025-12-310,02 %$1 180M
- Investment Managers · as of 2026-03-310,02 %$441M
- Institutional Investor · as of 2026-03-310,01 %$72M
- Investment Managers · as of 2026-03-310,01 %$186M
- Investment Managers · as of 2026-03-310,01 %$49M
- Investment Managers · as of 2026-03-310,01 %$60M
- Investment Managers · as of 2026-03-310,01 %$51M
- Investment Managers · as of 2026-03-310,01 %$13M
- Investment Managers · as of 2026-03-310,01 %$9M
- Investment Managers · as of 2026-03-310,00 %$27M
- Investment Managers · as of 2026-03-310,00 %$63M
- Investment Managers · as of 2026-03-310,00 %$7M
- Investment Managers · as of 2026-03-310,00 %$5M
- Institutional Investor · as of 2026-03-310,00 %$48M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$5M
- Institutional Investor · as of 2022-09-300,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$5M
- Brokerage Firms · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$0M
Insider activity
- Director · Common StockOther 3 976 · 2026-04-22
- Director · Common StockOther 3 976 · 2026-04-22
- Director · Common StockOther 3 976 · 2026-04-22
- Director · Common StockOther 3 976 · 2026-04-22
- Director · Common StockOther 3 976 · 2026-04-22
- Director · Common StockOther 5 798 · 2026-04-22
- Director · Common StockOther 3 976 · 2026-04-22
- Director · Common StockOther 3 976 · 2026-04-22
- Director · Common StockSold 8 000 @ $29,03$232K · 2026-02-12
- Director, See remarks · Common StockOther 29 257 · 2026-02-04
- Director, See remarks · Common StockOther 14 936 @ $27,73$414K · 2026-02-04
- Director, See remarks · Common StockOther 2 747 · 2026-02-04
- Director, See remarks · Common StockOther 1 403 @ $27,73$39K · 2026-02-04
- EVP, Chief Investment Officer · Common StockOther 29 257 · 2026-02-04
- EVP, Chief Investment Officer · Common StockOther 14 936 @ $27,73$414K · 2026-02-04
- EVP, Chief Investment Officer · Common StockOther 2 747 · 2026-02-04
- EVP, Chief Investment Officer · Common StockOther 1 403 @ $27,73$39K · 2026-02-04
- See Remarks · Common StockOther 5 624 · 2026-02-04
- See Remarks · Common StockOther 1 602 @ $27,73$44K · 2026-02-04
- See Remarks · Common StockOther 528 · 2026-02-04
- See Remarks · Common StockOther 151 @ $27,73$4K · 2026-02-04
- See remarks · Common StockOther 20 252 · 2026-02-04
- See remarks · Common StockOther 10 339 @ $27,73$287K · 2026-02-04
- See remarks · Common StockOther 1 902 · 2026-02-04
- See remarks · Common StockOther 971 @ $27,73$27K · 2026-02-04
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): 2.9%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 0.9%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 4.4%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 13.8%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 3.3%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 12.5%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -11.4%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 12.6%Derived (calculated)
- Return on equity (FY 2025-12-31): 12.8%Derived (calculated)
- Return on assets (FY 2025-12-31): 4.2%Derived (calculated)
- Debt-to-equity (FY 2025-12-31): 2.03xDerived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 2.5%Derived (calculated)
- Shares outstanding (annual): 306.1MSEC XBRL filing
- Shareholders' equity (annual): USD 3.01BSEC XBRL filing
- Total assets (annual): USD 9.13BSEC XBRL filing
- EPS (diluted) (annual): USD-PER-SHARES 1SEC XBRL filing
- Operating cash flow (annual): USD 652.01MSEC XBRL filing
- Total liabilities (annual): USD 6.12BSEC XBRL filing
- Cash & equivalents (annual): USD 334.42MSEC XBRL filing
- Total operating expenses (annual): USD 888.58MSEC XBRL filing
- Net income (annual): USD 386.23MSEC XBRL filing
- EPS (basic) (annual): USD-PER-SHARES 1SEC XBRL filing
- Long-term debt (annual): USD 5.49BSEC XBRL filing
- Shareholders' equity (YoY) (2024-12-31 vs 2023-12-31): 4.7%Derived (calculated)