Jade Gas Holdings Limited

JGH.AX

Oil & Gas Exploration & Production · Energy

Price

A$0.08

+0.00 (+5.06%)

Market Cap

A$176.4M

Exchange

Australian Securities Exchange

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

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Share count rising — dilution

+99.7% over 4y

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

Diluted shares outstanding: 859.2M (2021) → 1.72B (2025)

Winston Score History

The full picture

Jade Gas Holdings is a small Australian energy company focused on finding and developing natural gas in Mongolia. The company is working to extract coal seam gas — a type of natural gas trapped in underground coal deposits — from its exploration licenses in the South Gobi region of Mongolia. It aims to supply gas to industrial customers and potentially export to nearby markets like China.

The company is in the early exploration and development stage, meaning it is not yet generating meaningful revenue or profit, which explains its zero margins and negative returns on capital. Jade Gas operates entirely in Mongolia, making it a single-country, single-commodity business with a market cap of around $200 million. The main growth driver is successfully proving up gas reserves and securing offtake agreements, but the key risks are significant — they include remote location, high development costs, political and regulatory uncertainty in Mongolia, and the challenge of financing a project of this scale as a small-cap company.

Growth Profile

For growth stock investors

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

Revenue Growth

Revenue data limited

EPS Growth

+33.3% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

A$0/ year

Research and development spending

Insider Activity

60.8%ownership

↑ Rising

Insiders increasing their stake — aligned with shareholders

Cash Runway

~3 months

A$2M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Cash watch

Jade Gas 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.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

N/A

—

Data not available

Profit after running costs

Operating Margin

N/A

—

Data not available

Return on the money invested

ROCE

-15.4%

Weak — -15.4% 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

N/A

Data not available

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

N/A

—

Data not available

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Stability

What it owes vs what it owns

Debt / Equity

0.57

Conservative — low debt load (0.57)

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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