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29M · ASX

29metals Ltd. (ASX:29M)

AU$0.48

 0.0 (0.0%)
ASX:Live
06/12/2023 04:10:05 PM
HALO Small HALO Ords GROWTH AUS ALL-Recommendations All-Consensus +1
Consensus Score
/10
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29M Overview

29M Health Scores

Short Term

Mean Revision

Trend

Event

Halo Model

MQV

GARP

MQV Small

Valuation

Value

Consensus

Momentum

Price

Earnings

Growth

Earnings

Dividends

Quality

Capital Efficiency

Balance Sheet

About 29M

Website

N/A

Telephone

61.3.7037.5300

Address

150 Collins Street Level 2 Melbourne, Victoria (VIC) 3000

Description

29Metals Ltd. engages in the exploration and development of copper and base and precious metals resources. It operates through the following segments: Golden Grove, Capricorn Copper, and Exploration. The Golden Grove segment includes base and precious metals mining, mineral production, and associated activities. The Capricorn Copper segment refers to base and precious metals mining, mineral production and associated activities. The Exploration segment involves in the exploration for mineral resources at Redhill (Chile), and regional exploration at Golden Grove (Western Australia) and Capricorn Copper (Queensland). The company was founded on May 27, 2021 and is headquartered in Melbourne, Australia.

29M Price Chart

Key Stats

Market Cap

AU$333.12M

PE

0.00

EV/EBITDA

6.2

Dividends Overview

DIV Yield

1.0%

Franking

100%

Ex Dividend Date (est.)

N/A

Market Data

52 weeks range

Low 0.46 - 2.62

Trade Value (12mth)

AU$541,491.00

1 week

-4.04%

1 month

-28.57%

YTD

-74.56%

1 year

-79.7%

All time high

3.26625

Key Fundamentals

EPS 3 yr Growth

-157.700%

EBITDA Margin

22.30%

Operating Cashflow

$142m

Free Cash Flow Return

15.10%

ROIC

-5.00%

Interest Coverage

10.10

Quick Ratio

1.10

Other Data

Shares on Issue (Fully Dilluted)

494m

HALO Sector

Mining

Next Company Report Date

21-Feb-24

Ex Dividend Date (est.)

N/A

Next Dividend Pay Date (est.)

N/A

Reporting Currency

AUD

Short Sell (% of issue)

2.82

29M Announcements

Latest Announcements

Date Announcements

31 March 22

Ord Minnett East Coast Mining Conference Presentation

×

Ord Minnett East Coast Mining Conference Presentation

31 August 23

Completion of Institutional Component of Entitlement Offer

×

Completion of Institutional Component of Entitlement Offer

30 November 23

Macquarie WA Forum 2023 Presentation

×

Macquarie WA Forum 2023 Presentation

30 November 23

Application for quotation of securities - 29M

×

Application for quotation of securities - 29M

30 November 23

Appendix 3Y (F Robertson)

×

Appendix 3Y (F Robertson)

30 November 23

Appendix 3Y (J McGill)

×

Appendix 3Y (J McGill)

30 November 23

Appendix 3Y (M Alciaturi)

×

Appendix 3Y (M Alciaturi)

30 November 23

Appendix 3Y (T Brown)

×

Appendix 3Y (T Brown)

30 November 23

Notification of cessation of securities - 29M

×

Notification of cessation of securities - 29M

30 December 22

Change in substantial holding

×

Change in substantial holding

30 August 23

Trading Halt

×

Trading Halt

30 August 23

2023 Appendix 4D and Half-Year Financial Report

×

2023 Appendix 4D and Half-Year Financial Report

30 August 23

2023 Half-Year Financial Results

×

2023 Half-Year Financial Results

30 August 23

29Metals Entitlement Offer

×

29Metals Entitlement Offer

30 August 23

Entitlement Offer - Investor Presentation

×

Entitlement Offer - Investor Presentation

30 August 23

Proposed issue of securities - 29M

×

Proposed issue of securities - 29M

30 August 23

29Metals Entitlement Offer - Cleansing Statement

×

29Metals Entitlement Offer - Cleansing Statement

29 September 23

Application for quotation of securities - 29M

×

Application for quotation of securities - 29M

29 September 22

29Metals Renews Golden Grove Mining Contract

×

29Metals Renews Golden Grove Mining Contract

29 November 21

29Metals Presentation

×

29Metals Presentation

29 May 23

Change in substantial holding

×

Change in substantial holding

29 August 23

2023 HY Financial Results - Conference Call Advisory

×

2023 HY Financial Results - Conference Call Advisory

29 August 22

HY2022 Appendix 4D and Half-Year Financial Report

×

HY2022 Appendix 4D and Half-Year Financial Report

29 August 22

HY2022 Financial Results

×

HY2022 Financial Results

29 August 22

HY2022 Financial Results - Investor Presentation

×

HY2022 Financial Results - Investor Presentation

29 August 22

Dividend/Distribution - 29M

×

Dividend/Distribution - 29M

28 September 23

Completion of Retail Entitlement Offer

×

Completion of Retail Entitlement Offer

28 November 22

29Metals Investor Presentation

×

29Metals Investor Presentation

29M Fundamentals

Per Share Records

Historical data

Forecasted data

AUD 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Per Share, Growth & Valuations
EPS (Basic) $ Lock Lock Lock Lock 0.00 0.49 -0.10 Lock Lock Lock
EPS (Fully Diluted) $ Lock Lock Lock Lock 0.00 0.48 -0.10 Lock Lock Lock
     Growth % Lock Lock Lock Lock -100.0 N/A -120.2 Lock Lock Lock
     PE X Lock Lock Lock Lock N/A 17.6 0.0 Lock Lock Lock
     EV/EBITDA X Lock Lock Lock Lock N/A 5.7 6.2 Lock Lock Lock
CFPS $ Lock Lock Lock Lock 0.27 0.25 0.28 Lock Lock Lock
FCFPS $ Lock Lock Lock Lock -0.26 -0.13 0.07 Lock Lock Lock
     Growth % Lock Lock Lock Lock -35.8 -7.8 12.3 Lock Lock Lock
     Yield % Lock Lock Lock Lock N/A -4.2 3.9 Lock Lock Lock
DPS $ Lock Lock Lock Lock N/A 0.00 N/A Lock Lock Lock
     Growth % Lock Lock Lock Lock N/A N/A N/A Lock Lock Lock
     Yield % Lock Lock Lock Lock N/A 0.0 1.0 Lock Lock Lock
     Payout Ratio % Lock Lock Lock Lock N/A 0 N/A Lock Lock Lock
BPS $ Lock Lock Lock Lock 0.00 1.60 1.49 Lock Lock Lock
BPS (Tangible) $ Lock Lock Lock Lock 0.00 1.60 1.49 Lock Lock Lock
     Growth % Lock Lock Lock Lock N/A N/A -7.2 Lock Lock Lock
Shares Outstanding
Diluted m Lock Lock Lock Lock 480 250 481 Lock Lock Lock
Basic m Lock Lock Lock Lock 480 249 481 Lock Lock Lock

Financial Records

Historical data

Forecasted data

AUD 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Income Statement
Sales $m Lock Lock Lock Lock 434 601 714 Lock Lock Lock
     Growth % Lock Lock Lock Lock -33.9 38.3 18.9 Lock Lock Lock
Selling & General Expenses $m Lock Lock Lock Lock 9 20 27 Lock Lock Lock
Gross Income $m Lock Lock Lock Lock 107 134 -8 Lock Lock Lock
     Growth % Lock Lock Lock Lock -32.0 25.0 -105.9 Lock Lock Lock
     Margin % Lock Lock Lock Lock 24.7 22.3 -1.1 Lock Lock Lock
Cost of Goods Sold to Sales % Lock Lock Lock Lock 75 78 101 Lock Lock Lock
EBITDA $m Lock Lock Lock Lock 156 217 159 Lock Lock Lock
     Growth % Lock Lock Lock Lock -38.4 39.1 -26.6 Lock Lock Lock
     Margin % Lock Lock Lock Lock 35.9 36.1 22.3 Lock Lock Lock
Depreciation & Amortisation $m Lock Lock Lock Lock 57 103 194 Lock Lock Lock
EBIT $m Lock Lock Lock Lock 99 115 -35 Lock Lock Lock
     Growth % Lock Lock Lock Lock -28.8 16.1 -130.3 Lock Lock Lock
     Margin % Lock Lock Lock Lock 22.7 19.1 -4.9 Lock Lock Lock
Pretax Income $m Lock Lock Lock Lock 35 18 -66 Lock Lock Lock
Income Taxes $m Lock Lock Lock Lock 35 -103 -19 Lock Lock Lock
Net Income $m Lock Lock Lock Lock 0 121 -47 Lock Lock Lock
     Growth % Lock Lock Lock Lock -100.0 N/A -139.0 Lock Lock Lock
     Margin % Lock Lock Lock Lock 0.0 20.1 -6.6 Lock Lock Lock
Cash Flow Statement
Net Operating Cash Flow $m Lock Lock Lock Lock 119 58 142 Lock Lock Lock
Capital Expenditures $m Lock Lock Lock Lock 79 98 114 Lock Lock Lock
Net Investing Cash Flow $m Lock Lock Lock Lock -79 -93 -114 Lock Lock Lock
Net Financing Cash Flow $m Lock Lock Lock Lock -46 119 -59 Lock Lock Lock
Free Cash Flow $m Lock Lock Lock Lock 50 -32 45 Lock Lock Lock
     Growth % Lock Lock Lock Lock -44.0 -164.1 242.2 Lock Lock Lock
     Margin % Lock Lock Lock Lock 0.1 -0.1 0.1 Lock Lock Lock
Franking Balance $m Lock Lock Lock Lock N/A N/A 20 Lock Lock Lock
Balance Sheet
Cash & Short-Term Investments $m Lock Lock Lock Lock 107 197 172 Lock Lock Lock
Total Assets $m Lock Lock Lock Lock 602 1,360 1,355 Lock Lock Lock
Long Term Debt $m Lock Lock Lock Lock 197 190 212 Lock Lock Lock
Net Debt $m Lock Lock Lock Lock 137 36 94 Lock Lock Lock
Total Liabilities $m Lock Lock Lock Lock 602 590 639 Lock Lock Lock
Equity $m Lock Lock Lock Lock 0 770 716 Lock Lock Lock
Invested Capital Lock Lock Lock Lock 197 959 927 Lock Lock Lock
     Growth % Lock Lock Lock Lock N/A 387.7 -3.3 Lock Lock Lock
Return Ratios
Return on Assets % Lock Lock Lock Lock 0.0 8.9 -3.5 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock N/A 15.7 -6.6 Lock Lock Lock
Return on Total Capital % Lock Lock Lock Lock N/A 18.4 -3.5 Lock Lock Lock
Return on Invested Capital % Lock Lock Lock Lock N/A 20.9 -5.0 Lock Lock Lock
Cash Flow Return on Invested Capital % Lock Lock Lock Lock N/A 10.0 15.1 Lock Lock Lock

Ratios Records

Historical data

Forecasted data

AUD 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Leverage
Interest Cover X Lock Lock Lock Lock 1.6 8.1 10.1 Lock Lock Lock
Debt to EBITDA X Lock Lock Lock Lock 0.9 0.2 0.6 Lock Lock Lock
Net Debt to Equity % Lock Lock Lock Lock N/A 4.6 13.1 Lock Lock Lock
Liquidity
Current Ratio X Lock Lock Lock Lock 1.6 1.8 1.5 Lock Lock Lock
Quick Ratio X Lock Lock Lock Lock 1.3 1.4 1.1 Lock Lock Lock
Cash & ST Inv/Current Assets % Lock Lock Lock Lock 63.8 56.1 49.9 Lock Lock Lock
CFO/Current Liabilities % Lock Lock Lock Lock 110.9 28.8 63.5 Lock Lock Lock
Balance Sheet Efficiency
Receivables Turnover X Lock Lock Lock Lock N/A 15.3 13.4 Lock Lock Lock
Inventory Turnover X Lock Lock Lock Lock N/A 9.2 8.2 Lock Lock Lock
Working Capital Turnover X Lock Lock Lock Lock 7.2 4.0 5.9 Lock Lock Lock
Payables Turnover X Lock Lock Lock Lock 1.5 4.1 8.0 Lock Lock Lock
Asset Turnover X Lock Lock Lock Lock 0.7 0.4 0.5 Lock Lock Lock
Du Pont
Asset Turnover X Lock Lock Lock Lock 0.7 0.4 0.5 Lock Lock Lock
x Pretax Margin % Lock Lock Lock Lock 7.9 3.0 -9.2 Lock Lock Lock
= Pretax Return on Assets % Lock Lock Lock Lock 5.7 1.3 -4.9 Lock Lock Lock
x Tax Rate Complement (1-Tax Rate) % Lock Lock Lock Lock 100.0 -580.7 N/A Lock Lock Lock
Return on Assets % Lock Lock Lock Lock 0.0 8.9 -3.5 Lock Lock Lock
x Equity Multiplier (Assets/Equity) % Lock Lock Lock Lock N/A 1.8 1.9 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock N/A 15.7 -6.6 Lock Lock Lock
x Earnings Retention (1-Payout) % Lock Lock Lock Lock N/A 100.0 N/A Lock Lock Lock
= Reinvestment Rate (%) % Lock Lock Lock Lock N/A 15.7 N/A Lock Lock Lock
Operating Cycle
Days of Inventory on Hand Days Lock Lock Lock Lock N/A 39.6 44.4 Lock Lock Lock
+ Days of Sales Outstanding Days Lock Lock Lock Lock N/A 23.9 27.3 Lock Lock Lock
Operating Cycle Days Lock Lock Lock Lock N/A 63.5 71.7 Lock Lock Lock
- Days of Payables Outstanding Days Lock Lock Lock Lock N/A 10.9 19.9 Lock Lock Lock
Net Operating Cycle Days Lock Lock Lock Lock N/A 52.6 51.8 Lock Lock Lock

Dividends

Key Stats

Ex Dividend Date (est.)

N/A

DIV Yield

1.0%

Franking Level

100%

DPSg

0.00%

Quality Yield

Lock

Falling Divs over next 2

Lock

Expected Dividend Cashflow

Dividend Clarity,
Enhanced
Strategy

Upload your portfolio and gain access to 3-year dividend forecasts for each holding with HALO Global. Empower your decision-making and maximize returns with our advanced analytical tool. Try it today.

Values and Recommendations

Key Stats

Consensus Score

Lock

Recommendation

Lock

EPS 1 month Change

Lock

Quality Yield

Lock

Falling Divs over next 2

Lock

Halo Consensus Score

Lock Chart

PEG Ratio

Lock Chart

Consensus EPS Revisions

Lock Chart

Short selling

Key Stats

Percent of Issue

2.82%

Value ($M)

10

Prior Change

N/A

7 Day Change

N/A

1 Month Change

-0.50%

3 Month Change

-1.90%

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29M Shortsell

Frequently Asked Questions

The current share price of 29metals Ltd. (29M:ASX) is AU$0.48.
The 52-week high share price for 29metals Ltd. (29M:ASX) is AU$2.62.
The 52-week low share price for 29metals Ltd. (29M:ASX)? is AU$0.46.
The current TTM dividend payout for 29metals Ltd. (29M:ASX) is 1.00.
The last dividend payment of 29metals Ltd. (29M:ASX) is AU$0.02.
29metals Ltd. (29M:ASX) has a franking level of 100%.
29metals Ltd. (29M:ASX) is classified in the Mining.
The current P/E ratio for 29metals Ltd. (29M:ASX) is 0.00.
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