Emn.Ax
EMN.AX operates in the mining sector, focusing on the extraction and processing of non-gold precious metals and minerals.
Business. EMN.AX operates in the mining sector, focusing on the extraction and processing of non-gold precious metals and minerals.
At 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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Upcoming catalysts
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- 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
- Congressional trades
- CongressLisa McClain — Eastman Chemical Company2025-08-04 · Republican · MI · Sale · $1,001 - $15,000
- CongressLisa McClain — Eastman Chemical Company2025-06-17 · Republican · MI · Purchase · $1,001 - $15,000
- CongressKathy Manning — Eastman Chemical Company2022-08-03 · NC · Sale · $1,001 - $15,000
- CongressKathy Manning — Eastman Chemical Company2022-07-20 · NC · Purchase · $1,001 - $15,000
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
EMN.AX operates in the mining sector, focusing on the extraction and processing of non-gold precious metals and minerals.
EMN.AX exhibits a highly leveraged capital structure, with a debt-to-equity ratio of 10.79, indicating a significant reliance on debt financing. The company's liquidity position is weak, as evidenced by a current ratio of 0.33, and its free cash flow is negative at -13.7 million CAD, suggesting ongoing cash outflows from operations. Despite holding 9.5 million CAD in cash and equivalents, the company's long-term debt of 30.7 million CAD results in a negative net cash position.
Profitability metrics for EMN.AX are deeply negative, with a return on equity of -6.17 and a return on assets of -0.48, both well below industry norms for mining operations. The company reported a net loss of 17.6 million CAD, with operating income also in negative territory at -17.4 million CAD, indicating operational inefficiencies or cost overruns. Gross profit is also negative at -739,000 CAD, suggesting that the company is struggling to cover the cost of goods sold.
The company's revenue is concentrated in a single business segment, as no segmental breakdown is provided in the available data. There is no geographic diversification information available, but the company's operations are likely centered in a single region, given the lack of disclosed international revenue. This concentration increases exposure to regional economic and regulatory risks.
EMN.AX is currently in a declining revenue trajectory, with no growth indicators present in the data. The company's operating cash flow is negative at -7.98 million CAD, and capital expenditures are minimal at -19,000 CAD, suggesting a lack of investment in future growth. Analysts have not provided revenue or EPS estimates beyond the most recent actuals, which were both negative.
The company faces significant liquidity and solvency risks, with a current ratio of 0.33 and a debt-to-equity ratio of 10.79. The risk assessment indicates a medium liquidity risk and a low dilution risk, but the negative net cash position is a key flag. No dilution sources are disclosed in the available data, and there is no indication of near-term dilution pressure.
There are no recent events or filings disclosed in the available data that would indicate significant changes in the company's operations or financial position. The lack of recent disclosures may suggest a low level of market activity or a lack of material developments.
- EMN.AX is highly leveraged with a debt-to-equity ratio of 10.79, indicating a significant reliance on debt financing.
- The company is unprofitable, with a return on equity of -6.17 and a return on assets of -0.48.
- EMN.AX has a weak liquidity position, with a current ratio of 0.33 and a negative free cash flow of -13.7 million CAD.
- The company's operations are likely concentrated in a single region, increasing exposure to regional economic and regulatory risks.
- EMN.AX is in a declining revenue trajectory, with no growth indicators present in the data.
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 | -0,15 |
| Revenue | —no estimate | —no estimate | 0 CAD |
| Operating income | —no estimate | —no estimate | —no estimate |
Options
Short squeeze
Earnings-call key lines
Estimate 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
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- 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
- EMN.AX Market data — financials · 2026-05-27
- Euro Manganese Inc Market data — analyst estimates · 2026-05-27
Ownership & reference
Insider activity
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -46.5%Derived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): -8.8%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -46.6%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -5.8%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -32.4%Derived (calculated)
- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): -2.6%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): -6.7%Derived (calculated)
- R&D expense (YoY) (2025-12-31 vs 2024-12-31): 2.0%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -24.6%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): -47.6%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): -8.0%Derived (calculated)
- Gross profit (YoY) (2025-12-31 vs 2024-12-31): -19.5%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): -2.3%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 3.1%Derived (calculated)
- Net margin (FY 2025-12-31): 5.4%Derived (calculated)
- Gross margin (FY 2025-12-31): 21.1%Derived (calculated)
- Return on equity (FY 2025-12-31): 8.0%Derived (calculated)
- Return on assets (FY 2025-12-31): 3.2%Derived (calculated)
- Current ratio (FY 2025-12-31): 1.37xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): 1.48xDerived (calculated)
- Total liabilities (annual): USD 8.82BSEC XBRL filing
- Current liabilities (annual): USD 2.65BSEC XBRL filing
- Shares outstanding (annual): 223.94MSEC XBRL filing
- Current assets (annual): USD 3.65BSEC XBRL filing