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Cobalt Blue Holdings Limited

CBBHF
25
Other Precious Metals · Basic Materials
Price
$0.05
+0.00 (+8.33%)
Market Cap
$28.6M
Exchange
Other OTC
Winston Score
25
Winston is worried
Below-average fundamentals — multiple weak pillars.
Based on the IPO prospectus (annual filing). This score will refine automatically once the company reports its first quarters.
Data as of Aug 28, 2026 · filings through Dec 31, 2025
How the score breaks down
Quality
Mixed
Growth
Mixed
Cash Flow
Weak
Stability
Good
Valuation
Data not available

Share count rising — dilution

+86.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 234.0M (2021) → 435.6M (2025)

Winston Score History

The full picture

Cobalt Blue Holdings is an Australian mining company working to develop a cobalt deposit in New South Wales called the Broken Hill Cobalt Project. Cobalt is a critical metal used in batteries for electric vehicles and electronics. The company is still in the development stage and does not yet produce cobalt commercially.

Since the project is pre-revenue, Cobalt Blue does not currently generate meaningful income. It funds operations through equity raises and grants. The company aims to become a domestic Australian supplier of cobalt, which could reduce reliance on overseas sources, particularly from the Democratic Republic of Congo. Its key growth driver is rising global demand for battery metals tied to the electric vehicle transition, but the main risk is that the project requires significant capital to reach production, and cobalt prices can be volatile.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-100.0% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+94.5% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

A$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

33.9%ownership

Insiders own a meaningful stake in the company

Cash Runway

~1 months

A$1M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Cobalt Blue Holdings Limited has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
100.0%
Premium pricing power — 100.0% gross margin
Profit after running costs
Operating Margin
-62.1%
Losing money on operations — -62.1%
Return on the money invested
ROCE
-5.6%
Weak — -5.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
>+1,000%
Fast-growing sales (>+1,000% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
N/A
Data not available

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-280.9%
Burning cash (-280.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.06
Conservative — low debt load (0.06)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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