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Australian gold explorer/developer advancing the Bankan gold project in Guinea, West Africa.
Australian gold explorer/developer advancing the Bankan gold project in Guinea, West Africa.
In one line: A pre-production West African gold developer.
Moat: none. Pre-production developer with no operating mine or revenue; value depends on financing and construction execution.
Headquarters: Perth, Australia · Founded: 2010
Size Predictive Discovery (PDI.AX) is an Australia Materials company (Precious Metals) with a market value of $3.08B, the 98th largest of 316 Australia companies the cockpit tracks. Shares closed at A$4.50 on 6 Nov 2026.
Performance Over six months the shares fell 12.6%, against -16.8% for the median peer and +4.1% for the Australia market (cap-weighted) — 10th highest of 21 in its peer set.
Growth The operating margin is -27.8% (peer median 46.3%).
Valuation It trades at 2.71× book value against a peer median of 3.44× (8th cheapest of 21).
Price implies The share price implies a return on equity of about 19.2%; Predictive Discovery delivers -7.4%, so the price asks more than the business earns today.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$203M | A$203M | A$0 | A$0 | A$0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | -A$4.47M | A$25.8M | -A$391,000 | -A$589,464 | -A$524,056 |
| EBITDA | -A$56.1M | A$13.1M | -A$8.26M | -A$9.68M | -A$10.5M |
| Net income | -A$68.4M | -A$68.4M | -A$8.42M | -A$8.67M | -A$10.9M |
| Free cash flow | A$10.3M | A$10.3M | -A$5.93M | -A$5.31M | -A$4.79M |
| Capital expenditure | A$31.8M | A$31.8M | A$27.7M | A$36.3M | A$53.1M |
| Total debt | n/a | A$21.0M | A$0 | A$159,327 | A$313,241 |
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 | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Predictive Discovery PDI.AX | $3.08B | -13% | n/a | -7% | 2.71× | 19.2% |
| West African Resources WAF.AX | $2.74B | +4% | +194% | 38% | 2.01× | 19.3% |
| Perseus Mining PRU.AX | $5.77B | +11% | +13% | 20% | 2.51× | 21.5% |
| Resolute Mining RSG.AX | $1.81B | -12% | +5% | 27% | 2.16× | 23.2% |
| Endeavour Mining EDV.TO | $13.7B | -10% | +27% | 26% | 4.01× | 29.3% |
| Orezone Gold ORE.TO | $1.46B | +31% | +93% | 25% | 2.26× | 18.1% |
| Montage Gold MAU.TO | $4.79B | +17% | n/a | -18% | 11.15× | 134.3% |
| Fortuna Mining FVI.TO | $2.87B | -5% | +6% | 23% | 1.61× | 21.1% |
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 | PDI.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.7% | -3.5% | 6th highest of 21 |
| 6-month return | -12.6% | -16.8% | 10th highest of 21 |
| Return on equity | -7.4% | 21.9% | 5th lowest of 21 |
| Price / book | 2.71× | 3.44× | 8th cheapest of 21 |
| ROE the price implies | 19.2% | 26.0% | 5th least demanding of 21 |
| ROE delivered | -7.4% | 23.0% | 5th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Predictive Discovery PDI.AX | Australia | $3.08B | -13% | n/a | -7% | 2.71× | 19.2% | -7.4% |
| Emerald Resources NL EMR.AX | Australia | $3.04B | +6% | +40% | 33% | 4.79× | 35.9% | 33.1% |
| Lingbao Gold 3330.HK | Hong Kong | $2.94B | -28% | -10% | 30% | 2.55× | 16.8% | 30.4% |
| Allied Gold AAUC.TO | Canada | $3.24B | -19% | +54% | -14% | 5.77× | 31.4% | -14.0% |
| Aris Mining ARIS.TO | Canada | $3.24B | -15% | +94% | 21% | 1.81× | 23.3% | 20.8% |
| Wesdome Gold Mines WDO.TO | Canada | $2.92B | +6% | +49% | 47% | 4.03× | 21.9% | 47.4% |
| Western Region Gold 601069.SS | China | $3.29B | -26% | +118% | 10% | 4.27× | 39.7% | n/a |
| Fortuna Mining FVI.TO | Canada | $2.87B | -5% | +6% | 23% | 1.61× | 21.1% | 23.0% |
| Seabridge Gold SEA.TO | Canada | $2.87B | -8% | n/a | 3% | 3.63× | 38.3% | 3.3% |
| Hochschild Mining HOC.L | United Kingdom | $3.37B | -27% | +37% | 37% | 3.48× | 25.6% | 37.4% |
| Novagold Resources NG | United States | $2.81B | -27% | n/a | -33% | 6.72× | 48.1% | -32.8% |
| West African Resources WAF.AX | Australia | $2.74B | +4% | +194% | 38% | 2.01× | 19.3% | 37.6% |
| Regis Resources RRL.AX | Australia | $3.49B | -3% | +43% | 38% | 2.30× | 25.4% | 37.7% |
| Westgold Resources WGX.AX | Australia | $3.64B | -2% | +79% | 20% | 2.21× | 17.1% | 20.4% |
| Aya Gold & Silver AYA.TO | Canada | $3.68B | +40% | +265% | 25% | 7.41× | 68.5% | 25.4% |
| Sichuan Gold 001337.SZ | China | $2.52B | -25% | +57% | 33% | 7.70× | 79.2% | 33.2% |
| Pan African Resources PAF.L | United Kingdom | $3.79B | -25% | +106% | 45% | 3.00× | 26.4% | 45.0% |
| Perpetua Resources PPTA | United States | $2.44B | -35% | n/a | -38% | 3.39× | 14.4% | -37.8% |
| Shandong Humon Smelting 002237.SZ | China | $2.44B | -32% | +25% | 9% | 1.16× | 11.1% | 8.6% |
| Skeena Resources SKE.TO | Canada | $3.90B | +6% | n/a | -175% | 31.93× | 388.4% | -175.2% |
| Endeavour Silver EDR.TO | Canada | $2.34B | -20% | +198% | 10% | 3.24× | 44.6% | 10.4% |