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Australian developer of the Sunrise nickel-cobalt-scandium project in NSW using resin-in-pulp/HPAL processing.
Australian developer of the Sunrise nickel-cobalt-scandium project in NSW using resin-in-pulp/HPAL processing.
No revenue from operations: it is a developer funded by share issues to investors, so spending on studies, permits and test work depends on its ability to raise money. The project would produce nickel, cobalt and scandium in one operation, so the plan relies on securing buyers or financing partners before construction can start.
In one line: A pre-revenue nickel-cobalt project developer.
Moat: none. Pre-production developer with no operating mine or offtake revenue yet.
Headquarters: Sydney, Australia
Size Sunrise Energy Metals (SRL.AX) is an Australia Industrials company (Industrial Machinery) with a market value of $1.38B, the 151st largest of 316 Australia companies the cockpit tracks. Shares closed at A$11.58 on 6 Nov 2026.
Performance Over six months the shares fell 16.0%, against -32.6% for the median peer and +4.1% for the Australia market (cap-weighted) — 7th highest of 20 in its peer set.
Valuation It trades at 15.75× book value against a peer median of 4.95× (most expensive of 21).
Price implies The share price implies a return on equity of about 106.7%; Sunrise Energy Metals delivers -24.6%, so the price asks more than the business earns today.
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$0 | A$0 | A$0 | A$0 | A$0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | -A$172,000 | -A$172,000 | -A$162,000 | -A$215,000 | -A$318,000 |
| EBITDA | -A$17.7M | -A$17.7M | -A$6.29M | -A$8.38M | -A$10.1M |
| Net income | -A$15.2M | -A$15.2M | -A$6.21M | -A$7.86M | -A$9.12M |
| Free cash flow | -A$10.4M | -A$10.4M | -A$5.59M | -A$7.95M | -A$7.98M |
| Capital expenditure | A$627,000 | A$627,000 | A$9,000 | A$57,000 | A$44,000 |
| Total debt | n/a | A$15,000 | A$224,000 | A$283,000 | A$93,000 |
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 |
|---|---|---|---|---|---|---|
| Sunrise Energy Metals SRL.AX | $1.38B | -16% | n/a | -25% | 15.75× | 106.7% |
| IGO IGO.AX | $2.60B | -45% | -12% | 7% | 1.67× | 16.7% |
| Nickel Industries NIC.AX | $1.78B | -46% | -3% | -1% | 0.85× | 10.0% |
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 | SRL.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -39.9% | -15.4% | 4th lowest of 20 |
| 6-month return | -16.0% | -32.6% | 7th highest of 20 |
| Return on equity | -24.6% | 8.3% | lowest of 21 |
| Price / book | 15.75× | 4.95× | most expensive of 21 |
| ROE the price implies | 106.7% | 56.6% | 4th most demanding of 21 |
| ROE delivered | -24.6% | 7.8% | lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Sunrise Energy Metals SRL.AX | Australia | $1.38B | -16% | n/a | -25% | 15.75× | 106.7% | -24.6% |
| Jiangsu Guomao Reducer 603915.SS | China | $1.37B | -11% | +11% | 7% | 2.38× | 26.4% | 7.3% |
| Topoint Technology 8021.TW | Taiwan | $1.37B | -28% | +49% | 14% | 7.24× | 71.4% | 13.9% |
| Suzhou Veichi Electric 688698.SS | China | $1.37B | -38% | +20% | 9% | 3.68× | 29.5% | 8.9% |
| Kirloskar Brothers KIRLOSBROS.NS | India | $1.37B | -8% | +11% | 16% | 5.04× | 68.8% | 15.7% |
| Guangdong Huicheng Vacuum Technology 301392.SZ | China | $1.41B | -25% | +48% | 7% | 15.13× | 211.2% | 6.5% |
| Chongqing Zaisheng Technology 603601.SS | China | $1.35B | -50% | -6% | 2% | 3.29× | 31.2% | 1.6% |
| Hymson Laser Technology 688559.SS | China | $1.41B | -34% | +78% | 7% | 3.63× | 38.4% | 6.7% |
| PowerTECH 301369.SZ | China | $1.34B | -26% | +56% | 4% | 5.72× | 57.9% | 4.0% |
| Wasion 3393.HK | Hong Kong | $1.43B | -59% | +22% | 18% | 1.52× | 8.9% | 17.5% |
| Bonfiglioli Transmissions BONFIG.NS | India | $1.33B | n/a | +9% | 26% | 12.69× | 149.4% | n/a |
| Test Research 3030.TW | Taiwan | $1.44B | -51% | +32% | 33% | 4.94× | 26.2% | 33.4% |
| Zhuzhou Huarui Precision Cutting Tools 688059.SS | China | $1.44B | -33% | +23% | 20% | 4.26× | 65.6% | 19.8% |
| GKG Precision Machine 301338.SZ | China | $1.32B | -57% | +38% | 16% | 4.96× | 55.4% | 15.7% |
| Ableprint Technology 7734.TWO | Taiwan | $1.31B | -58% | +48% | 21% | 6.49× | 59.4% | 21.1% |
| Qinchuan Machine Tool & Tool Group Share 000837.SZ | China | $1.46B | -14% | +8% | 2% | 1.91× | 16.4% | 1.5% |
| Sprint Precision Technologies 688605.SS | China | $1.31B | -3% | +16% | 8% | 7.39× | 105.4% | 7.8% |
| Hongyuan Green Energy 603185.SS | China | $1.46B | -34% | +14% | -10% | 0.88× | 9.4% | -9.7% |
| Shenzhen Qiangrui Precision Technology 301128.SZ | China | $1.46B | -47% | +56% | 18% | 9.76× | 117.0% | 17.5% |
| Goodwin GDWN.L | United Kingdom | $1.46B | +16% | +2% | 5% | 8.32× | 89.7% | 4.8% |
| Wafer Works 6182.TWO | Taiwan | $1.30B | +42% | +9% | 1% | 2.41× | 30.5% | 0.9% |