Kai.Ax
KAI.AX is a gold mining company operating in the Basic Materials sector, generating revenue primarily through the extraction and sale of gold.
Business. KAI.AX is a gold mining company operating in the Basic Materials sector, generating revenue primarily through the extraction and sale of gold.
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.
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- Company
- EarningsQ2 2026 earnings (expected)2026-07-28 · 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
- Congressional trades
- CongressDonald Sternoff Beyer Jr. — Kadant Inc2022-02-28 · Democrat · VA · Sale · $1,001 - $15,000
- CongressDonald Sternoff Honorable Beyer Jr — Kadant Inc2021-03-18 · Democrat · VA · Purchase · $1,001 - $15,000
- CongressDonald Sternoff Honorable Beyer Jr — Kadant Inc2021-03-11 · Democrat · VA · Purchase · $1,001 - $15,000
- CongressDonald Sternoff Honorable Beyer Jr — Kadant Inc2021-02-04 · Democrat · VA · Purchase · $1,001 - $15,000
- CongressDonald Sternoff Honorable Beyer Jr — Kadant Inc2020-12-15 · Democrat · VA · Purchase · $1,001 - $15,000
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
KAI.AX is a gold mining company operating in the Basic Materials sector, generating revenue primarily through the extraction and sale of gold.
KAI.AX exhibits a capital structure with a debt-to-equity ratio of 0.0, indicating no leverage in its financing. However, the company's liquidity position is characterized by a current ratio of 3.24, suggesting it has sufficient short-term assets to cover its liabilities. Despite this, the company reported negative operating cash flow of -1080520.0 AUD and free cash flow of -13731170.0 AUD, signaling significant cash outflows.
Profitability metrics for KAI.AX are notably weak, with a return on equity of -0.39 and a return on assets of -0.3478. These figures indicate that the company is not generating returns for its shareholders or effectively utilizing its assets. The operating income of -10521390.0 AUD and net income of -10526940.0 AUD further underscore the company's financial distress.
The company's revenue is concentrated in the gold mining segment, with no disclosed geographic diversification. This concentration increases exposure to market volatility in the gold sector and potential operational risks in its primary mining regions.
KAI.AX's growth trajectory is constrained by its current financial performance. The company's capital expenditure of -3356800.0 AUD reflects ongoing investment in operations, but the negative operating and net income suggest that these investments are not yet yielding positive returns. Analysts have set a uniform price target of 0.75 AUD, indicating limited upside potential in the near term.
The risk assessment for KAI.AX highlights medium liquidity risk and low dilution risk. The company's negative net cash position after subtracting total debt is a key flag, indicating potential challenges in maintaining liquidity. The dilution risk is low, as there is no indication of imminent share issuance or dilution.
Recent events and filings show that KAI.AX has not issued new shares or announced significant capital raises. The company's financial statements reflect ongoing operational losses, and there are no recent transcripts or filings indicating strategic changes or new initiatives to address these losses.
- KAI.AX is a gold mining company with a weak profitability profile, as evidenced by negative returns on equity and assets.
- The company's liquidity position is moderate, with a current ratio of 3.24, but it faces significant cash outflows.
- Revenue is concentrated in the gold mining segment, increasing exposure to sector-specific risks.
- Analysts have set a uniform price target of 0.75 AUD, indicating limited upside potential.
- The company's capital expenditure is ongoing, but it has not translated into positive returns yet.
- KAI.AX has low dilution risk but faces medium liquidity risk due to its negative net cash position.
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
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
Derivative transactions
- Director · Restricted Stock Unit → Common StockDisposed 128exercise · 2026-07-04
- Director · Restricted Stock Unit → Common StockDisposed 128exercise · 2026-07-04
- Director · Restricted Stock Unit → Common StockDisposed 128exercise · 2026-07-04
- Director · Restricted Stock Unit → Common StockDisposed 128exercise · 2026-07-04
- Director · Restricted Stock Unit → Common StockDisposed 128exercise · 2026-07-04
- Director · Restricted Stock Unit → Common StockDisposed 129exercise · 2026-04-04
- Director · Restricted Stock Unit → Common StockDisposed 129exercise · 2026-04-04
- Director · Restricted Stock Unit → Common StockDisposed 129exercise · 2026-04-04
- Director · Restricted Stock Unit → Common StockDisposed 129exercise · 2026-04-04
- Director · Restricted Stock Unit → Common StockDisposed 129exercise · 2026-04-04
- Director · Restricted Stock Unit → Common StockAcquired 513grant · 2026-03-11
- Director · Restricted Stock Unit → Common StockAcquired 513grant · 2026-03-11
- Director · Restricted Stock Unit → Common StockAcquired 513grant · 2026-03-11
- Director · Restricted Stock Unit → Common StockAcquired 513grant · 2026-03-11
- Director · Restricted Stock Unit → Common StockAcquired 513grant · 2026-03-11
- Vice President · Restricted Stock Unit → Common StockDisposed 78exercise · 2026-03-10
- Vice President · Restricted Stock Unit → Common StockDisposed 72exercise · 2026-03-10
- Vice President · Restricted Stock Unit → Common StockDisposed 411exercise · 2026-03-10
- Vice President · Restricted Stock Unit → Common StockDisposed 303exercise · 2026-03-10
- Senior Vice President · Restricted Stock Unit → Common StockDisposed 583exercise · 2026-03-10
- Senior Vice President · Restricted Stock Unit → Common StockDisposed 111exercise · 2026-03-10
- Senior Vice President · Restricted Stock Unit → Common StockDisposed 438exercise · 2026-03-10
- Senior Vice President · Restricted Stock Unit → Common StockDisposed 105exercise · 2026-03-10
- Senior Vice President · Restricted Stock Unit → Common StockDisposed 313exercise · 2026-03-10
- Senior Vice President · Restricted Stock Unit → Common StockDisposed 82exercise · 2026-03-10
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
- KAI.AX Market data — financials · 2026-05-28
- Pilbara Gold Ltd Market data — analyst estimates · 2026-05-28
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,03 %$131M
- Investment Managers · as of 2026-03-310,02 %$81M
- Brokerage Firms · as of 2026-03-310,01 %$32M
- Institutional Investor · as of 2026-03-310,01 %$28M
- Investment Managers · as of 2026-03-310,01 %$17M
- Institutional Investor · as of 2026-03-310,01 %$16M
- Brokerage Firms · as of 2026-03-310,01 %$38M
- Investment Managers · as of 2024-06-300,01 %$281M
- Investment Managers · as of 2026-03-310,01 %$40M
- Investment Managers · as of 2026-03-310,01 %$0M
- Institutional Investor · as of 2026-03-310,01 %$25M
- Investment Managers · as of 2026-03-310,01 %$93M
- Investment Managers · as of 2026-03-310,01 %$43M
- Investment Managers · as of 2025-12-310,01 %$370M
- Investment Managers · as of 2026-03-310,00 %$135M
- Institutional Investor · as of 2026-03-310,00 %$24M
- Investment Managers · as of 2026-03-310,00 %$31M
- Investment Managers · as of 2026-03-310,00 %$20M
- Investment Managers · as of 2024-12-310,00 %$11M
- Investment Managers · as of 2026-03-310,00 %$48M
- Institutional Investor · as of 2026-03-310,00 %$29M
- Funds · as of 2026-03-310,00 %$10M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Insider activity
- Director · Common StockOther 128 · 2026-07-04
- Director · Common StockOther 128 · 2026-07-04
- Director · Common StockOther 128 · 2026-07-04
- Director · Common StockOther 128 · 2026-07-04
- Director · Common StockOther 128 · 2026-07-04
- Director, President & CEO · Common StockOther 12 282 · 2026-06-03
- SVP, GC and Secretary · Common StockSold 1 227 @ $334,17$410K · 2026-05-27
- Vice President · Common StockSold 1 400 @ $322,04$451K · 2026-05-18
- Director · Common StockOther 129 · 2026-04-04
- Director · Common StockOther 129 · 2026-04-04
- Director · Common StockOther 129 · 2026-04-04
- Director · Common StockOther 129 · 2026-04-04
- Director · Common StockOther 129 · 2026-04-04
- Director, President & CEO · Common StockOther 48 667 · 2026-03-11
- Vice President · Common StockOther 23 @ $334,17$8K · 2026-03-10
- Senior Vice President · Common StockOther 162 · 2026-03-10
- Senior Vice President · Common StockOther 64 @ $334,17$21K · 2026-03-10
- Senior Vice President · Common StockOther 31 · 2026-03-10
- Senior Vice President · Common StockOther 12 @ $334,17$4K · 2026-03-10
- Executive Vice President & CFO · Common StockOther 1 253 · 2026-03-10
- Executive Vice President & CFO · Common StockOther 606 @ $334,17$203K · 2026-03-10
- Executive Vice President & CFO · Common StockOther 239 · 2026-03-10
- Executive Vice President & CFO · Common StockOther 116 @ $334,17$39K · 2026-03-10
- Executive Vice President & CFO · Common StockOther 933 · 2026-03-10
- Executive Vice President & CFO · Common StockOther 452 @ $334,17$151K · 2026-03-10
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- EPS (basic) (YoY) (2026-01-03 vs 2024-12-28): -8.9%Derived (calculated)
- Cash & equivalents (YoY) (2026-01-03 vs 2024-12-28): 26.3%Derived (calculated)
- Cost of revenue (YoY) (2026-01-03 vs 2024-12-28): -1.8%Derived (calculated)
- Total assets (YoY) (2026-01-03 vs 2024-12-28): 19.7%Derived (calculated)
- Shareholders' equity (YoY) (2026-01-03 vs 2024-12-28): 15.7%Derived (calculated)
- Revenue (YoY) (2026-01-03 vs 2024-12-28): -0.1%Derived (calculated)
- R&D expense (YoY) (2026-01-03 vs 2024-12-28): 6.6%Derived (calculated)
- Operating income (YoY) (2026-01-03 vs 2024-12-28): -8.2%Derived (calculated)
- Operating cash flow (YoY) (2026-01-03 vs 2024-12-28): 10.3%Derived (calculated)
- Net income (YoY) (2026-01-03 vs 2024-12-28): -8.6%Derived (calculated)
- Long-term debt (YoY) (2026-01-03 vs 2024-12-28): 30.1%Derived (calculated)
- Net margin (FY 2026-01-03): 9.7%Derived (calculated)
- Return on equity (FY 2026-01-03): 10.4%Derived (calculated)
- Return on assets (FY 2026-01-03): 6.0%Derived (calculated)
- Current ratio (FY 2026-01-03): 2.38xDerived (calculated)
- EPS (diluted) (YoY) (2026-01-03 vs 2024-12-28): -8.8%Derived (calculated)
- Capex (YoY) (2026-01-03 vs 2024-12-28): -18.8%Derived (calculated)
- Current assets (annual): USD 541.93MSEC XBRL filing
- Capex (annual): USD 17.05MSEC XBRL filing
- Revenue (annual): USD 1.05BSEC XBRL filing
- Cost of revenue (annual): USD 576.52MSEC XBRL filing
- Pre-tax income (annual): USD 143.59MSEC XBRL filing
- R&D expense (annual): USD 15.26MSEC XBRL filing
- Current liabilities (annual): USD 228.17MSEC XBRL filing