Energy Resources of Australia Ltd (EGRAY)

Energy Resources of Australia Ltd (EGRAY) — VMCI valuation read

Energy Resources of Australia Ltd (EGRAY) carries a VMCI composite of 40/100, 10 points below the Energy sector median of 50. Among mid-cap names, that gap places EGRAY in the bottom third on the five-pillar weighting (Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%).

The EGRAY insider tape has been silent for the past 30 days on Form 4. Where executives neither buy nor sell, the bull and bear cases lean harder on filings cadence and the next earnings line.

**Investor frame.** Value reads EGRAY trades at 14.0x earnings, 22% below the Energy median of 18.0x, which compresses or extends through the 11.0x EV/EBITDA versus a Energy 12.0x. Quality: ROIC of 18.0% sits 8.0pp above the Energy median (10.0%). Risk: net debt to EBITDA of 1.2x leaves covenant headroom, the line to track on Energy Resources of Australia Ltd's next 10-Q.

EGRAY fell 0.6% over the trailing 7 days, with a -1.6% read on a 30-day basis.