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← CockpitCompetitor Analysis › VUL.AX Vulcan Energy Resources Ltd.Open in the cockpit ↗

Vulcan Energy Resources Ltd.VUL.AXCompetitor analysis, valuation and peers

Australia · AUD·Materials›Other Metals/Minerals
Momentum laggard 1
Mkt cap
$370M
US dollars, full cap
Free float
76%
of shares outstanding
$/day
$4.54M
20-day average traded
P/B
0.47×
price to book
ROE
-17.9%
delivered
Implied ROE
9.5%
what the price asks
Next earnings
145 days
31 Mar 2027
Close · AUDA$1.11
1D-9.7%
1W-3.0%
1M-26.9%
3M-63.7%
6M-70.3%
YTD-74.7%
1Y-77.6%
ATR %9.7%
52w lowhigh81.4% off high

What Vulcan Energy Resources does

No business profile yet.

Vulcan Energy Resources at a glance

Size Vulcan Energy Resources (VUL.AX) is an Australia Materials company (Other Metals/Minerals) with a market value of $370M, the 300th largest of 316 Australia companies the cockpit tracks. Shares closed at A$1.11 on 6 Nov 2026.

Performance Over six months the shares fell 70.3%, against -32.1% for the median peer and +4.1% for the Australia market (cap-weighted) — lowest of 21 in its peer set.

Growth Revenue fell 33.2% over the last twelve months (peer median +21.7%); the operating margin is -1,075.5% (peer median 5.2%).

Valuation It trades at 0.47× book value against a peer median of 1.83× (cheapest of 21).

Price implies The share price implies a return on equity of about 9.5%; Vulcan Energy Resources delivers -17.9%, so the price asks more than the business earns today.

Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).

Relative performance

25507510011 May 202611 Aug 20266 Nov 2026Peer median 68VUL.AX 30
Six months, rebased to 100: Vulcan Energy Resources against the median of its 20 peers (local-currency closes).

Vulcan Energy Resources financials

Reported figures in AUD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueA$9.51MA$12.9MA$13.3MA$11.0MA$11.0M
Revenue growth—-3%+21%+1%—
Gross profit-A$57.3M-A$53.0M-A$45.9M-A$23.9M-A$21.6M
EBITDA-A$72.1M-A$80.7M-A$61.4M-A$49.0M-A$30.6M
Net income-A$153M-A$122M-A$69.5M-A$43.9M-A$40.8M
Free cash flow-A$474M-A$205M-A$155M-A$160M-A$41.7M
Capital expenditureA$339MA$87.9MA$115MA$151MA$46.3M
Total debtn/aA$71.9MA$6.44MA$7.14MA$5.22M

Quarterly statements and history in the cockpit →

Vulcan Energy Resources competitor charts

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.

Performance: 6-month against 1-month return

-50%0%+50%-20%0%+20%A4NSLILZMTTSRM6002812009300828TMQA1MNDM603527SLVR336370ARAREGBOE137400JMSVUL.AX6-month return →1-month return →
Up and to the right = strong over both horizons. Vulcan Energy Resources is the large dot.

Fundamentals: return on equity against price-to-book

-100%-50%0%00×200×400×A4NSLILZMTTSRM6002812009300828TMQNDMREG137400VUL.AXReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Vulcan Energy Resources is the large dot.

Capital: ROE delivered against the ROE the price implies

0%500%1,000%1,500%2,000%0%1,000%2,000%A4NSLITTS600281NDMVUL.AXROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Vulcan Energy Resources is the large dot.

Vulcan Energy Resources competitors and peer comparison

How Vulcan Energy Resources compares with its peers

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.

Vulcan Energy Resources against its 20 peers (data as of 6 Nov 2026)
MeasureVUL.AXPeer medianRank in peer set
1-month return-26.9%-15.5%8th lowest of 21
6-month return-70.3%-32.1%lowest of 21
Return on equity-17.9%-4.5%6th lowest of 21
Price / book0.47×1.83×cheapest of 21
ROE the price implies9.5%17.6%6th least demanding of 21
ROE delivered-17.9%-3.9%6th lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Vulcan Energy Resources VUL.AXAustralia$370M-70%-33%-18%0.47×9.5%-17.9%
Alpha HPA A4N.AXAustralia$372M-42%+135%-14%1.31×14.6%-13.5%
Standard Lithium SLI.VCanada$365M-62%n/a-15%0.97×15.9%-15.5%
Lifezone Metals LZMUnited States$378M-30%+652%-17%4.24×39.2%n/a
Tintina Mines TTS.VCanada$380M+219%n/a-100%173.11×2,008.6%-99.6%
Roxmore Resources RM.TOCanada$357M+65%n/a-19%6.05×97.7%-18.8%
Shanxi Huayang New Material 600281.SSChina$385M-11%+10%-59%14.25×102.7%-59.5%
First Copper Technology 2009.TWTaiwan$355M-14%+7%5%1.34×6.9%4.7%
Tianjin Ruixin Technology 300828.SZChina$353M-35%+22%5%2.90×26.0%4.5%
Trilogy Metals TMQ.TOCanada$391M-50%n/a-39%3.22×29.5%-39.3%
AIC Mines A1M.AXAustralia$349M-2%+29%13%1.46×8.1%13.3%
Northern Dynasty Minerals NDM.TOCanada$349M-69%n/a-261%42.65×198.2%-261.3%
Anhui Zhongyuan New Materials 603527.SSChina$396M-36%+59%1%1.25×11.2%1.1%
Silver Tiger Metals SLVR.TOCanada$344M-12%n/a-4%1.97×28.7%-3.9%
Solus Advanced Materials 336370.KSSouth Korea$343M-52%+1%-7%0.74×7.4%-6.6%
Aclara Resources ARA.TOCanada$402M-50%n/a-5%1.98×12.9%-5.2%
Regulus Resources REG.VCanada$402M+15%n/a-4%8.32×26.3%-3.8%
Boss Energy BOE.AXAustralia$403M0%+100%1%1.22×12.4%0.5%
Western Copper and Gold WRN.TOCanada$339M-48%n/a-3%1.70×19.3%-2.6%
People & Technology 137400.KSSouth Korea$408M-57%-18%12%0.76×6.5%12.3%
Jupiter Mines JMS.AXAustralia$334M-16%-2%7%0.83×7.2%6.6%

Questions

Which companies are Vulcan Energy Resources's closest peers?
The cockpit's peer set: Alpha HPA (A4N.AX), Standard Lithium (SLI.V), Lifezone Metals (LZM), Tintina Mines (TTS.V), Roxmore Resources (RM.TO), Shanxi Huayang New Material (600281.SS), First Copper Technology (2009.TW), Tianjin Ruixin Technology (300828.SZ).
Is Vulcan Energy Resources expensive compared with its peers?
On price / book it trades at 0.47× against a peer median of 1.83×, cheapest of 21 in its peer set. The share price implies a return on equity of about 9.5%; Vulcan Energy Resources delivers -17.9%, so the price asks more than the business earns today.
How has Vulcan Energy Resources stock performed?
Over six months to 6 Nov 2026 the shares returned -70.3% against -32.1% for the median peer; over one year -77.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.