New Murchison Gold (ASX:NMG) Profit Swing And Low P/E Test Bullish Narratives

Simply Wall St.06-05

New Murchison Gold (ASX:NMG) has put out its H1 2026 scorecard with total revenue of A$17.9 million and net income of A$6.2 million, translating to basic EPS of A$0.00061 for the half. The company has...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2641149947?lang=en_US&edition=fundamental","thumbnail":"https://images.simplywall.st/asset/industry/2053000-choice2-main-header/1585186554136","is_english":true,"pubTime":"2026-06-05 20:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2641149947","market":"sg","top_or_hot":-1,"title":"New Murchison Gold (ASX:NMG) Profit Swing And Low P/E Test Bullish Narratives","media":"Simply Wall St.","content":"<div>\n<p>New Murchison Gold (ASX:NMG) has put out its H1 2026 scorecard with total revenue of A$17.9 million and net income of A$6.2 million, translating to basic EPS of A$0.00061 for the half. The company has...</p>\n\n<a href=\"https://simplywall.st/stocks/au/materials/asx-nmg/new-murchison-gold-shares/news/new-murchison-gold-asxnmg-profit-swing-and-low-pe-test-bulli\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Murchison Gold (ASX:NMG) Profit Swing And Low P/E Test Bullish Narratives</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Murchison Gold (ASX:NMG) Profit Swing And Low P/E Test Bullish Narratives\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-05 20:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/au/materials/asx-nmg/new-murchison-gold-shares/news/new-murchison-gold-asxnmg-profit-swing-and-low-pe-test-bulli><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New Murchison Gold (ASX:NMG) has put out its H1 2026 scorecard with total revenue of A$17.9 million and net income of A$6.2 million, translating to basic EPS of A$0.00061 for the half. The company has...</p>\n\n<a href=\"https://simplywall.st/stocks/au/materials/asx-nmg/new-murchison-gold-shares/news/new-murchison-gold-asxnmg-profit-swing-and-low-pe-test-bulli\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NMG.AU","symbol_name":"New Murchison Gold Ltd","start_time":0,"source_url":"https://simplywall.st/stocks/au/materials/asx-nmg/new-murchison-gold-shares/news/new-murchison-gold-asxnmg-profit-swing-and-low-pe-test-bulli","article_id":"2641149947","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/2053000-choice2-main-header/1585186554136"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/au/materials/asx-nmg/new-murchison-gold-shares/news/new-murchison-gold-asxnmg-profit-swing-and-low-pe-test-bulli","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2641149947","pubTimestamp":1780662442,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"New Murchison Gold (ASX:NMG) has put out its H1 2026 scorecard with total revenue of A$17.9 million and net income of A$6.2 million, translating to basic EPS of A$0.00061 for the half. The company has seen revenue move from A$0.06 million and a net loss of A$1.2 million in H2 2024 to A$17.9 million and net income of A$6.2 million in H2 2025, while trailing twelve month figures sit at A$219.3 million of revenue, A$126.7 million of net income and basic EPS of A$0.012. For investors, the mix of...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"NMG.AU":"New Murchison Gold Ltd","BK7104":"黄金"},"translate_title":"New Murchison Gold(ASX：NMG)利润波动和低市盈率测试看涨叙事","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NMG.AU":1.98},"content_text":"New Murchison Gold (ASX:NMG) has put out its H1 2026 scorecard with total revenue of A$17.9 million and net income of A$6.2 million, translating to basic EPS of A$0.00061 for the half. The company has seen revenue move from A$0.06 million and a net loss of A$1.2 million in H2 2024 to A$17.9 million and net income of A$6.2 million in H2 2025, while trailing twelve month figures sit at A$219.3 million of revenue, A$126.7 million of net income and basic EPS of A$0.012. For investors, the mix of higher revenue, reported profits and a low P/E at a A$0.045 share price focuses attention on how durable these margins prove to be. See our full analysis for New Murchison Gold. With the headline numbers in place, the next step is to see how these results line up against the prevailing market stories around growth, quality of earnings and sustainability of margins. Curious how numbers become stories that shape markets? Explore Community Narratives ASX:NMG Revenue & Expenses Breakdown as at Jun 2026 AdvertisementTrailing A$219.3m revenue and A$126.7m profit  On a trailing twelve month basis, NMG reported A$219.3 million of revenue and A$126.7 million of net income, paired with basic EPS of A$0.012, which is a very different profile to the earlier half year figures that showed revenue in the tens of thousands of dollars and losses. What stands out for a more bullish reading is that these trailing profits coincide with a reported five year annualized earnings growth rate of 90.2% and a trailing P/E of 3.9x. However, the data also flags that a high portion of these earnings are non cash, which means investors need to separate the strong reported profit line from what may ultimately flow through as cash.  With that mix of rapid historical earnings growth, very low P/E versus peers and a large non cash component in profit, some investors will want to step back and see how the broader community is weighing the numbers against the story behind them before leaning too heavily on headline EPS. Curious how numbers become stories that shape markets? Explore Community Narratives Profitability swing from losses to A$6.2m  Looking at the half year snapshots, NMG moved from reporting losses of A$1.2 million in H2 2024 and A$1.4 million in H1 2025 to a profit of A$6.2 million on A$17.9 million of revenue in H2 2025, which is the shift that feeds into the trailing twelve month net income of A$126.7 million. Investors who lean more cautious might point out that such a sharp swing from loss making to profitable in a short sequence of half years, together with high non cash earnings, makes it important to check how repeatable this A$6.2 million result is across future periods rather than assuming the latest half is a steady state.  Those concerns are supported by the fact that earlier half year revenue figures were only around A$0.05 million and A$0.12 million, compared with A$17.9 million in H2 2025 and A$219.3 million on a trailing basis. The large gap between small historical revenue bases and the current trailing figures is exactly where the quality of earnings flags matter most, because they signal that not all of the recorded profit necessarily reflects cash received.   P/E of 3.9x versus A$2.20 DCF fair value  The stock trades at A$0.045 with a trailing P/E of 3.9x, compared with a peer average P/E of 61.6x and industry average of 12.4x, while the provided DCF fair value sits at A$2.20, which is far higher than the current share price. For investors who lean toward the more optimistic side, this combination of low P/E and a wide gap to the A$2.20 DCF fair value supports a value style angle. Yet the flagged high level of non cash earnings in the trailing period means that any bullish thesis anchored on the gap between price and DCF needs to be checked against how much of the A$126.7 million of trailing net income actually converts into cash over time.  The contrast between the 3.9x P/E and the 61.6x peer average is large, but part of that could be driven by the way non cash items lift reported earnings, which is why a simple multiple comparison on its own can be misleading. At the same time, the share price of A$0.045 is far below the A$2.20 DCF fair value, which is a reminder that valuation references and market pricing can differ significantly when the quality and durability of earnings are still being tested.   Next Steps Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on New Murchison Gold's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move. With the mix of upside potential and clear areas of concern laid out, are you leaning more cautious or optimistic here? Take a closer look at the numbers, think about how the risks and rewards balance out for your approach, then use the 2 key rewards and 1 important warning sign See What Else Is Out There The big question around New Murchison Gold is whether its sharp swing to profit and high non cash earnings truly reflect durable, repeatable performance. If you want companies where earnings quality looks cleaner and valuation gaps may be easier to interpret, check out the 7 high quality undervalued stocks to quickly scout alternatives that better fit that profile.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n        and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n        financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n        Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n        Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're here to simplify it.Discover if New Murchison Gold might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2641149947","isCrawlerRequest":true}