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Ora Banda Mining Limited

ESGFF
84
Gold · Basic Materials
Price
$0.96
+0.00 (+0.00%)
Market Cap
$1.85B
Exchange
Other OTC
Winston Score
84
Winston is happy
A high-quality business with solid fundamentals.
Data as of Aug 23, 2026 · filings through Dec 31, 2025
How the score breaks down
Quality
Exceptional
Growth
Exceptional
Cash Flow
Exceptional
Stability
Exceptional
Valuation
Strong

Share count rising — dilution

+81.1% over 4y

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

Diluted shares outstanding: 1.05B (2021) → 1.90B (2025)

Winston Score History

The full picture

Ora Banda Mining is an Australian gold mining company that digs gold out of the ground and sells it. The company operates the Davyhurst Gold Project, located in the Eastern Goldfields region of Western Australia — one of the world's most productive gold-mining areas. It focuses on underground and open-pit mining to produce gold doré bars, which are then refined and sold to gold buyers and refiners.

Ora Banda makes money by selling the gold it mines, so its revenue rises and falls with both production volumes and the global gold price. The company operates entirely in Western Australia, making it a single-asset, single-country miner with a market cap around $1.5 billion Australian dollars. Its relatively strong operating margin of roughly 37% suggests decent cost control compared to peers, but as a smaller producer, it carries real risk — any unexpected drop in gold prices, rising mining costs, or operational setbacks at Davyhurst could significantly hurt its financial results.

Growth Profile

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

Revenue Growth

+267.7% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

>+1,000% 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

30.8%ownership

Insiders own a meaningful stake in the company

Cash Runway

~4 years

A$86M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

A$86M cash & investments at current burn rate

Revenue accelerating

Ora Banda Mining Limited grew revenue 268% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

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
46.2%
Healthy — 46.2% gross margin
Profit after running costs
Operating Margin
41.8%
Excellent — 41.8% operating margin
Return on the money invested
ROCE
53.4%
Exceptional — 53.4% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
+222.4%
Fast-growing sales (+222.4% YoY)
Profit growth
EPS YoY
+438.8%
Earnings growing fast (+438.8% YoY)

Earnings growing 25%+ a year. The compounder zone.

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
122%
Turns 122% of profit into real cash
Spare cash per sale
FCF Margin
24.8%
Converts sales into free cash efficiently (24.8%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns
Debt / Equity
0.07
Conservative — low debt load (0.07)
Covers its interest
Interest Cover
50.19x
Comfortably covers interest (50.2x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
7.8x
Attractive valuation — P/E 7.8

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
+0.2
GROWING
Earnings roughly flat

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Dividends

Not applicable for this business.
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