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Australian gold miner operating the Davyhurst gold operations in Western Australia.
Australian gold miner operating the Davyhurst gold operations in Western Australia.
In one line: A single-region Western Australian gold producer.
Moat: none. Commodity gold producer with no structural cost or scale advantage.
Headquarters: Perth, Australia · Founded: 2006
Size Ora Banda Mining (OBM.AX) is an Australia Materials company (Precious Metals) with a market value of $1.93B, the 121st largest of 316 Australia companies the cockpit tracks. Shares closed at A$1.44 on 6 Nov 2026.
Performance Over six months the shares gained 4.0%, against -16.3% for the median peer and +4.1% for the Australia market (cap-weighted) — 4th highest of 19 in its peer set.
Growth Revenue grew 100.8% over the last twelve months (peer median +56.6%); the operating margin is 39.4% (peer median 34.0%).
Valuation It trades at 16.6× forward earnings against a peer median of 10.9× (2nd most expensive of 12).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +101%, so the hurdle is -100 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 62.8 points above its cost of capital (11.6% WACC).
Next results Next results expected around 11 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$812M | A$826M | A$404M | A$214M | A$136M |
| Revenue growth | — | +104% | +89% | +58% | — |
| Gross profit | A$351M | A$365M | A$140M | A$22.6M | -A$31.6M |
| EBITDA | A$436M | A$450M | A$185M | A$29.3M | -A$28.5M |
| Net income | A$216M | A$216M | A$186M | A$27.6M | -A$44.1M |
| Free cash flow | A$213M | A$213M | A$76.5M | -A$32.8M | -A$40.2M |
| Capital expenditure | A$214M | A$214M | A$114M | A$69.1M | A$16.7M |
| Total debt | n/a | A$31.8M | A$39.9M | A$31.1M | A$31.8M |
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 |
|---|---|---|---|---|---|---|
| Ora Banda Mining OBM.AX | $1.93B | +4% | +101% | 39% | 16.6× | 1.1% |
| Catalyst Metals CYL.AX | $746M | -28% | +75% | 45% | 9.5× | -15.5% |
| Regis Resources RRL.AX | $3.49B | -3% | +43% | 43% | 8.5× | -9.5% |
| Westgold Resources WGX.AX | $3.64B | -2% | +79% | 32% | 8.8× | -7.6% |
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 | OBM.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.4% | -5.9% | 5th highest of 21 |
| 6-month return | +4.0% | -16.3% | 4th highest of 19 |
| Distance from 52-week high | -16.3% | -37.6% | 3rd highest of 21 |
| Revenue growth (TTM) | +100.8% | +56.6% | 4th highest of 16 |
| Operating margin | 39.4% | 34.0% | 6th highest of 16 |
| Forward P/E | 16.6× | 10.9× | 2nd most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | 1.1% | -1.2% | 6th most demanding of 12 |
| Growth delivered (Del g) | +101.1% | +19.0% | 2nd highest of 12 |
| Hurdle (Req g minus delivered) | -100.0 pp | -16.1 pp | 2nd least demanding of 12 |
| ROIC minus cost of capital | +62.8 pp | +4.7 pp | highest of 18 |
| EV / EBITDA | 5.9× | 5.0× | 5th most expensive of 10 |
| Net debt / EBITDA | -0.5× | -0.0× | 3rd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ora Banda Mining OBM.AX | Australia | $1.93B | +4% | +101% | 39% | 16.6× | 1.1% | +101.1% |
| Snowline Gold SGD.TO | Canada | $1.93B | -6% | n/a | n/a | n/a | n/a | n/a |
| Sinda SIND | United States | $1.95B | n/a | n/a | n/a | n/a | n/a | n/a |
| Sunshine Silver Mining & Refining SSMR | United States | $1.91B | n/a | +422% | -3,022% | n/a | n/a | n/a |
| Silvercorp Metals SVM.TO | Canada | $1.99B | -31% | +59% | 56% | 12.9× | 4.7% | +19.0% |
| Mineros MSA.TO | Canada | $2.00B | +73% | +77% | 39% | 7.3× | -5.8% | +11.8% |
| DRDGOLD Ltd. Sponsored ADR DRD | United States | $2.00B | -16% | +53% | 51% | 8.1× | -16.4% | +14.1% |
| Henan Yuguang Gold & Lead 600531.SS | China | $1.83B | -32% | +48% | 2% | n/a | 7.9% | +19.6% |
| Sino-Platinum Metals 600459.SS | China | $2.06B | -17% | -27% | 2% | 19.0× | n/a | n/a |
| Resolute Mining RSG.AX | Australia | $1.81B | -12% | +5% | 35% | 10.0× | -7.2% | +8.9% |
| Hycroft Mining HYMC | United States | $1.75B | -51% | n/a | n/a | n/a | n/a | n/a |
| Tongguan Gold 0340.HK | Hong Kong | $1.73B | -14% | +65% | 52% | 8.2× | -9.9% | +48.9% |
| Southern Cross Gold Consolidated SXGC.TO | Canada | $1.65B | -9% | n/a | n/a | n/a | n/a | n/a |
| Beijing Xiaocheng Technology Stock 300139.SZ | China | $1.64B | -25% | +39% | 27% | n/a | 33.6% | +27.8% |
| Alkane Resources ALK.AX | Australia | $1.63B | +11% | +403% | 34% | 11.9× | -1.2% | +48.9% |
| Endeavour Silver EDR.TO | Canada | $2.34B | -20% | +198% | 26% | 10.9× | n/a | n/a |
| Shandong Humon Smelting 002237.SZ | China | $2.44B | -32% | +25% | 1% | 11.2× | n/a | n/a |
| Perpetua Resources PPTA | United States | $2.44B | -35% | n/a | n/a | n/a | n/a | n/a |
| Sichuan Gold 001337.SZ | China | $2.52B | -25% | +57% | 56% | n/a | 17.7% | +13.6% |
| Orezone Gold ORE.TO | Canada | $1.46B | +31% | +93% | 40% | 6.9× | -8.0% | +110.4% |
| Bellevue Gold BGL.AX | Australia | $1.46B | -16% | +14% | 5% | 13.3× | 41.2% | +13.9% |