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Australian gold miner operating the Plutonic gold operations and Four Eagles project in Western Australia and Victoria.
Australian gold miner operating the Plutonic gold operations and Four Eagles project in Western Australia and Victoria.
Sells the gold it produces at market prices, so income follows ounces sold and the gold price, with costs largely fixed by the mine plan. With only one or two operations, a problem at a single mine or a swing in the gold price moves results sharply.
In one line: A growing Australian gold producer.
Moat: none. Commodity gold producer with no structural cost or scale advantage.
Headquarters: Melbourne, Australia · Founded: 2007
Size Catalyst Metals (CYL.AX) is an Australia Materials company (Precious Metals) with a market value of $746M, the 219th largest of 316 Australia companies the cockpit tracks. Shares closed at A$4.08 on 6 Nov 2026.
Performance Over six months the shares fell 28.3%, against -6.6% for the median peer and +4.1% for the Australia market (cap-weighted) — 5th lowest of 19 in its peer set.
Growth Revenue grew 74.8% over the last twelve months (peer median +65.8%); the operating margin is 44.6% (peer median 30.0%).
Valuation It trades at 9.5× forward earnings against a peer median of 12.2× (2nd cheapest of 10).
Price implies For today's price to make sense, revenue must grow about -16% a year for seven years (Req g). Recent delivered growth is +86%, so the hurdle is -101 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 36.5 points above its cost of capital (10.9% WACC).
Next results Next results expected around 16 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$632M | A$632M | A$361M | A$242M | A$63.9M |
| Revenue growth | — | +75% | +49% | +278% | — |
| Gross profit | A$319M | A$316M | A$164M | A$68.7M | -A$4.41M |
| EBITDA | A$345M | A$345M | A$157M | A$54.0M | -A$1.56M |
| Net income | A$171M | A$171M | A$105M | A$23.6M | -A$15.6M |
| Free cash flow | A$168M | A$168M | A$113M | A$30.7M | -A$10.4M |
| Capital expenditure | A$202M | A$202M | A$160M | A$50.3M | A$25.2M |
| Total debt | n/a | A$25.6M | A$15.8M | A$26.3M | A$33.8M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Catalyst Metals CYL.AX | $746M | -28% | +75% | 45% | 9.5× | -15.5% |
| Ora Banda Mining OBM.AX | $1.93B | +4% | +101% | 39% | 16.6× | 1.1% |
| Alkane Resources ALK.AX | $1.63B | +11% | +403% | 34% | 11.9× | -1.2% |
| Regis Resources RRL.AX | $3.49B | -3% | +43% | 43% | 8.5× | -9.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CYL.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -25.4% | -9.6% | lowest of 21 |
| 6-month return | -28.3% | -6.6% | 5th lowest of 19 |
| Distance from 52-week high | -58.4% | -36.0% | 3rd lowest of 21 |
| Revenue growth (TTM) | +74.8% | +65.8% | 6th highest of 11 |
| Operating margin | 44.6% | 30.0% | highest of 13 |
| Forward P/E | 9.5× | 12.2× | 2nd cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | -15.5% | 1.5% | least demanding of 8 |
| Growth delivered (Del g) | +85.8% | +51.1% | 3rd highest of 8 |
| Hurdle (Req g minus delivered) | -101.4 pp | -52.3 pp | 3rd least demanding of 8 |
| ROIC minus cost of capital | +36.5 pp | -14.1 pp | 3rd highest of 20 |
| EV / EBITDA | 2.3× | 5.7× | 2nd cheapest of 9 |
| Net debt / EBITDA | -0.8× | -0.3× | 2nd least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Catalyst Metals CYL.AX | Australia | $746M | -28% | +75% | 45% | 9.5× | -15.5% | +85.8% |
| Founders Metals FDR.V | Canada | $734M | +42% | n/a | n/a | n/a | n/a | n/a |
| Kingsgate Consolidated KCN.AX | Australia | $779M | -39% | +77% | 38% | 11.5× | -6.9% | +117.2% |
| Mako Mining MKO.V | Canada | $712M | +7% | +79% | 41% | 10.5× | 1.5% | +156.3% |
| Griffin Mining GFM.L | United Kingdom | $711M | -4% | +29% | 30% | 20.3× | 13.2% | +12.2% |
| Santacruz Silver Mining SCZ.TO | Canada | $707M | n/a | +38% | 30% | 9.8× | 7.1% | +59.3% |
| FireFly Metals FFM.AX | Australia | $798M | -31% | n/a | n/a | n/a | n/a | n/a |
| Dakota Gold DC | United States | $798M | -1% | n/a | n/a | n/a | n/a | n/a |
| Avino Silver & Gold Mines ASM.TO | Canada | $799M | -30% | +54% | 44% | 14.0× | 23.6% | +42.1% |
| Tungsten West TUN.L | United Kingdom | $694M | -18% | n/a | -1,558% | 106.7× | n/a | n/a |
| Osisko Gold OGG.V | Canada | $814M | -18% | +805% | -51% | n/a | n/a | n/a |
| Cadillac Mines CADY.TO | Canada | $815M | n/a | n/a | n/a | n/a | n/a | n/a |
| Liberty Gold LGD.TO | Canada | $819M | +50% | n/a | n/a | n/a | n/a | n/a |
| Pantoro Gold PNR.AX | Australia | $826M | -9% | +35% | 34% | 12.2× | -0.5% | +40.5% |
| First Mining Gold FF.TO | Canada | $670M | +33% | n/a | n/a | n/a | n/a | n/a |
| New Found Gold NFGC.TO | Canada | $662M | -16% | n/a | -233% | n/a | n/a | n/a |
| Amaroq AMRQ.L | United Kingdom | $657M | 0% | +2,134% | 12% | n/a | n/a | n/a |
| Galiano Gold GAU.TO | Canada | $653M | +2% | +91% | 44% | 3.7× | -13.8% | +51.1% |
| Critical Metals CRML | United States | $864M | -58% | n/a | n/a | n/a | n/a | n/a |
| Omai Gold Mines OMG.V | Canada | $879M | -23% | n/a | n/a | n/a | n/a | n/a |
| St. Barbara SBM.AX | Australia | $629M | +5% | -76% | -935% | 14.7× | n/a | n/a |