Armour Energy (AJQ.AX) Stock Price

Armour Energy Price

Delisted
0.10AUD
Last traded price

Revenue has compounded at 46.0% per year over the past 12 years to 15.04 M AUD. Armour Energy's net margin stands at -144.0%, down from -42.0% several years earlier.

Armour Energy stock price

Volume
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Armour Energy over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Armour Energy stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Armour Energy's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Armour Energy Stock Price History
DateArmour Energy Price
Access this data via the Eulerpool API

Armour Energy Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2019
27.82 M AUD
2.55 M AUD
-11.68 M AUD
Jan 1, 2020
21.23 M AUD
-2.13 M AUD
-9.57 M AUD
Jan 1, 2021
17.57 M AUD
-10.11 M AUD
-11.59 M AUD
Jan 1, 2022
17.99 M AUD
-6.30 M AUD
-11.01 M AUD
Jan 1, 2023
15.04 M AUD
-10.75 M AUD
-21.66 M AUD
Jan 1, 2024 (e)
34.54 M AUD
3.94 M AUD
0.00 AUD
Jan 1, 2025 (e)
153.37 M AUD
193.75 M AUD
2.53 M AUD
Jan 1, 2026 (e)
204.87 M AUD
427.55 M AUD
6.33 M AUD

Armour Energy Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 22, 2026, 11:45 PM
 
REVENUEM AUD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM AUD
EBITM AUD
EBIT MARGIN%
NET INCOMEM AUD
NET INCOME GROWTH%
SHARESM
20112012201320142015201620172018201920202021202220232024e2025e2026e
1.002.0014.0027.0021.0017.0017.0015.0034.00153.00204.00
100.0092.86-22.22-19.05-11.76126.67350.0033.33
-400.00-200.007.1429.634.76-23.535.88-26.67-26.67-26.67-26.67
-4.00-4.00-4.00-1.00-1.00-1.00-4.001.008.001.00-4.001.00-4.00-9.07-40.80-54.40
-1.00-2.00-2.00-6.00-4.00-9.00-8.00-3.002.00-2.00-10.00-6.00-10.003.00193.00427.00
-200.00-100.00-21.437.41-9.52-58.82-35.29-66.678.82126.14209.31
-1.00-1.001.00-6.00-6.00-18.00-11.00-11.00-11.00-9.00-11.00-11.00-21.002.006.00
-200.00-700.00200.00-38.89-18.1822.2290.91200.00
76.17187.72318.68319.55336.50351.58361.59423.00510.0313.7628.8344.9750.6150.6150.6150.61
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Armour Energy generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Armour Energy retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Armour Energy's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Armour Energy has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Armour Energy's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Armour Energy stock margins

The Armour Energy margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Armour Energy. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Armour Energy.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2019
31.64 %
9.16 %
-42.00 %
Jan 1, 2020
8.23 %
-10.02 %
-45.08 %
Jan 1, 2021
-26.06 %
-57.51 %
-65.97 %
Jan 1, 2022
7.52 %
-35.01 %
-61.16 %
Jan 1, 2023
-28.29 %
-71.49 %
-144.00 %
Jan 1, 2024 (e)
-28.29 %
11.40 %
0.00 %
Jan 1, 2025 (e)
-28.29 %
126.33 %
1.65 %
Jan 1, 2026 (e)
-28.29 %
208.69 %
3.09 %

Armour Energy Stock Revenue, EBIT, Earnings per Share

The Armour Energy earnings per share therefore indicates how much revenue Armour Energy has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2019
2.73 AUD
0.25 AUD
-1.15 AUD
Jan 1, 2020
77.13 AUD
-7.73 AUD
-34.77 AUD
Jan 1, 2021
30.48 AUD
-17.53 AUD
-20.11 AUD
Jan 1, 2022
20.01 AUD
-7.00 AUD
-12.24 AUD
Jan 1, 2023
14.86 AUD
-10.62 AUD
-21.40 AUD
Jan 1, 2024 (e)
34.12 AUD
3.89 AUD
0.00 AUD
Jan 1, 2025 (e)
151.51 AUD
191.40 AUD
2.50 AUD
Jan 1, 2026 (e)
202.39 AUD
422.37 AUD
6.25 AUD

Armour Energy business model & stock analysis

Armour Energy Ltd is an Australian independent company specializing in the exploration and production of natural gas and crude oil in Australia. The company was established in 2009 and is headquartered in Brisbane. The company focuses on unconventional gas production using fracking technology. This means that after the reservoirs are developed, the company extracts the gas and oil released by the rock-breaking measures. Fracking technology is a relatively new process in Australia and is frequently criticized for its potential negative environmental impacts. However, Armour Energy Ltd strives to meet the strict environmental and health protection standards set by the Australian government and aims to make production as environmentally friendly as possible. The business model of Armour Energy Ltd encompasses the entire value chain from exploration to production and sales of natural gas and crude oil. The company also carries out activities in coal seam gas, shale gas, as well as oil and gas condensates development. Armour Energy Ltd operates in various regions of Australia, including the Northern Territory, Queensland, and New South Wales. The company takes pride in creating jobs and economic prosperity in rural areas. The company also aims to establish long-term relationships with indigenous communities by forming partnerships with locals and respecting the culture and needs of the communities. Armour Energy Ltd offers various products, including raw gas, liquefied petroleum gas (LPG), oil, and gas condensates. The company also has a division dedicated to technology development and innovation, focusing on developing new, more environmentally friendly methods for gas and oil extraction. Overall, Armour Energy Ltd is a company specializing in environmentally friendly and sustainable natural gas and crude oil extraction in Australia. The company is committed to meeting the highest environmental and safety standards while building long-term relationships with the communities in which it operates.

Armour Energy SWOT Analysis

Strengths

  • Strong market presence and brand recognition in the energy sector.
  • Diverse portfolio of oil and gas assets.
  • Strong financial position and ability to invest in exploration and development projects.
  • Experienced management team with deep industry knowledge.
  • Strong relationships with industry partners and access to key resources.

Weaknesses

  • Vulnerability to fluctuations in energy prices and market conditions.
  • Dependency on external funding for major projects.
  • Limited geographic presence and exposure to specific regions.
  • Reliance on traditional energy sources and potential challenges from transitioning to renewable energy.

Opportunities

  • Growing demand for energy resources, particularly in emerging markets.
  • Expansion into renewable energy sources to capitalize on the global shift towards cleaner energy.
  • Potential for strategic partnerships and acquisitions to enhance market position.
  • Government incentives and policies supporting the development of energy infrastructure.

Threats

  • Intense competition from other energy companies.
  • Volatility in commodity markets and regulatory changes impacting industry operations.
  • Environmental concerns and increasing emphasis on sustainability.
  • Geopolitical risks and instability in key operating regions.

Armour Energy Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Armour Energy historical P/E ratio, EBIT multiple, and P/S ratio

Armour Energy annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Armour Energy shares outstanding

The number of shares of Armour Energy was 1.01 M in 2025. This indicates how many shares Armour Energy is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2019
10.20 M Stocks
Jan 1, 2020
275,254.00 Stocks
Jan 1, 2021
576,532.00 Stocks
Jan 1, 2022
899,336.00 Stocks
Jan 1, 2023
1.01 M Stocks
Jan 1, 2024 (e)
1.01 M Stocks
Jan 1, 2025 (e)
1.01 M Stocks
Jan 1, 2026 (e)
1.01 M Stocks

Armour Energy stock splits

In Armour Energy's history, there have been no stock splits.
Price targets and forecasts for Armour Energy are not yet available.

Armour Energy shareholder structure

% Name
40.31942%
DGR Global Ltd
DGR Global Ltd
36.27918%
Tenstar Trading Limited
Tenstar Trading Limited
9.92679%
BAM Opportunities Fund Pty. Ltd.
BAM Opportunities Fund Pty. Ltd.
9.61033%
Bizzell (Stephen Grant)
Bizzell (Stephen Grant)
8.82636%
Rookharp Capital Pty. Ltd.
Rookharp Capital Pty. Ltd.
8.24918%
Cozzi (Paul Joseph)
Cozzi (Paul Joseph)

Armour Energy Executives and Management Board

8 members · avg. age 65 · 0 % women

ML

Mr. Michael Laurent

Chief Operating Officer

469,541.00 AUD

Management

MG

Mr. Mark Greenwood

Chief Commercial Officer

85,869.00 AUD
CL

Mr. Christian Lange

Chief Executive Officer

GW

Mr. Geoffrey Walker

Chief Financial Officer, Joint Company Secretary

NM

Mr. Neil McDonald

General Manager - Commercial

Board of Directors

NM

Mr. Nicholas Mather (65)

Executive Chairman of the Board · since 2009

168,000.00 AUD
SB

Mr. Stephen Bizzell

Non-Executive Director

40,000.00 AUD
EU

Mr. Eytan Uliel

Non-Executive Independent Director

40,000.00 AUD

Armour Energy Supply Chain

Armour Energy Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
8 companies
#NameTrend
1
Lakes Blue Energy
Supplier·Customer·Oil, Gas & Consumable Fuels·AU
0.65
0.70
0.47
#NameTrend
1
DGR Global
Supplier·Customer·Metals & Mining·AU
-0.19
0.50
-0.46
-0.63
-0.47
2
Senex Energy Limited
Supplier·Customer·Oil, Gas & Consumable Fuels·AU
-0.40
0.40
0.30
-0.46
-0.79
3
ConocoPhillips
Supplier·Customer·Oil, Gas & Consumable Fuels·US
-0.52
-0.74
-0.27
-0.69
-0.90
-0.59
4
Origin Energy
Supplier·Customer·Electric Utilities·AU
-0.23
0.04
-0.91
-0.86
-0.93
-0.54
5
Santos
Supplier·Customer·Oil, Gas & Consumable Fuels·AU
-0.51
-0.47
-0.68
-0.79
-0.77
-0.16

Frequently asked questions about Armour Energy

The business model of Armour Energy Ltd. focuses on the exploration, development, and production of oil and gas resources. As an Australian-based company, Armour Energy Ltd. operates in the energy sector, with a primary focus on the development of unconventional and conventional gas projects. With its expertise in geology and the acquisition of strategic assets, the company aims to identify and exploit potential reserves, contributing to the growth of Australia's energy industry. Armour Energy Ltd. implements innovative drilling methods and leverages advanced technology to maximize the extraction of oil and gas resources, thus creating long-term value for its stakeholders.

Armour Energy Ltd is primarily active in the energy industry, specifically in the exploration and production of natural gas and oil.

The main competitors of Armour Energy Ltd in the market are Oil Search Limited, Santos Limited, and Woodside Petroleum Ltd.

Armour Energy Ltd is an Australian independent gas exploration and production company. Established in 2010, Armour Energy is focused on the development of unconventional and conventional gas opportunities in the Northern Territory and Queensland. The company's history is rooted in its commitment to exploring and exploiting Australian energy resources. With a strong emphasis on research and innovation, Armour Energy has built a reputation for its expertise in the exploration and development of natural gas assets. By leveraging cutting-edge technology and industry partnerships, the company continues to strive towards achieving sustainable and profitable growth in the energy sector.

Armour Energy Ltd has achieved several significant milestones. Firstly, the company successfully acquired a high-quality asset portfolio, consisting of onshore oil and gas assets in Australia. Secondly, Armour Energy Ltd has demonstrated strong operational performance, including the successful drilling and completion of multiple production wells. Additionally, the company has made impressive progress in expanding its reserves and resources base. Armour Energy Ltd has also established strategic partnerships with industry leaders, contributing to its growth and development. These milestones highlight the company's commitment to maximizing value for shareholders and positioning itself as a leading player in the energy sector.

Armour Energy Ltd primarily operates in Australia.

Armour Energy Ltd represents a strong commitment to excellence and a strategic approach to energy exploration and production. The company upholds a corporate philosophy focused on value creation, operational efficiency, and sustainable growth. With a firm belief in responsible resource development, Armour Energy strives to maximize shareholder value while maintaining environmental stewardship. The company's core values include integrity, transparency, teamwork, and innovation, which guide its decision-making processes and drive its success in the energy sector. Armour Energy Ltd's dedication to delivering superior results is evident through its relentless pursuit of operational excellence and its commitment to maintaining a strong, sustainable corporate culture.

Converted at the current exchange rate, the Armour Energy share trades at 0.06 EUR (0.10 AUD).

The Armour Energy share (AJQ.AX) is listed on 1 stock exchanges, including: ASX (AJQ.AX).

Armour Energy Ltd is an Australian company specializing in the exploration and development of oil and gas reserves. The company was founded in 2008 and is headquartered in Brisbane. As an oil and gas company, Armour Energy engages in extensive exploration, development, production, and marketing activities. The company is divided into three main divisions - exploration, production, and marketing. In the exploration sector, the company actively searches for new oil and gas reserves in Australian states such as Queensland and Northern Territory. Exploration is carried out using traditional geological methods as well as modern technologies such as 3D seismic. The results of exploration can lead to new projects that are further pursued in the production division. In the production division, Armour Energy operates its own gas and oil fields and produces a large daily amount of gas and oil. The company has comprehensive infrastructure, including pipelines and processing facilities, to ensure the extraction and transportation of resources. The third division of Armour Energy is marketing. The company markets and sells its products in the Australian market as well as internationally. The focus is on the country's major gas supply companies that require the resources for the operation of power plants, industry, and transportation. In addition, Armour Energy also trades other commodities such as coal. The core products of Armour Energy are gas and oil. The company is one of Australia's largest independent gas producers and aims to continuously increase its production. To accelerate growth, the company is constantly seeking new exploration and development projects. However, Armour Energy is not limited to the production of resources. The company has also been pioneering in the energy sector and invests in innovative technologies such as renewable energy. The goal of Armour Energy is to create a more resource-efficient and sustainable energy model. Overall, Armour Energy's business model is focused on long-term growth and sustainability. The company aims to expand its presence in the Australian energy market while also tapping into more environmentally friendly energy sources.

The expected revenue of Armour Energy is 204.87 M AUD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Armour Energy is 6.33 M AUD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Armour Energy is currently 0.02. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Armour Energy stock.

The price-to-sales ratio (P/S) of Armour Energy is currently 0.00. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Armour Energy stock.

The Eulerpool Quality Score for Armour Energy is 2/10.

The ISIN of Armour Energy is AU000000AJQ0. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Armour Energy is A1JVX7. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Armour Energy is AJQ.AX. The ticker symbol is used to trade Armour Energy shares on the stock exchange.

Armour Energy paid dividends every year for the past 0 years.

Armour Energy is assigned to the 'Energy' sector.

The dividends of Armour Energy are distributed in AUD.

All fundamentals and in-depth analysis of Armour Energy

Our stock analysis for Armour Energy stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Armour Energy. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.