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29M · ASX

29metals Ltd. (ASX:29M)

AU$0.5

 0.015 (3.093%)
ASX:Live
17/05/2024 04:10:34 PM
HALO Small HALO Price Momentum HALO Ords GROWTH AUS Fakey Shakey - Short +3
Consensus Score
/10
Recommend
Target Price
Deviation
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29M Overview

29M Health Scores

Short Term

Mean Revision

Neutral

Trend

Neutral

Event

Neutral

Halo Model

MQV

Very Strong

GARP

Very Strong

MQV Small

Very Strong

Valuation

Value

Consensus

Momentum

Price

Very Weak

Earnings

Weak

Growth

Earnings

Weak

Dividends

Very Strong

Quality

Capital Efficiency

Strong

Balance Sheet

Weak

About 29M

Website

N/A

Telephone

Address

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$340.32M

PE

0.00

EV/EBITDA

19.4

Dividends Overview

DIV Yield

.1%

Franking

100%

Ex Dividend Date (est.)

N/A

Market Data

52 weeks range

Low 0.19 - 1.12

Trade Value (12mth)

AU$474,754.00

1 week

1.01%

1 month

14.94%

YTD

-22.48%

1 year

-50.21%

All time high

3.266249895095825

Key Fundamentals

EPS 3 yr Growth

N/A

EBITDA Margin

-3.90%

Operating Cashflow

-$57m

Free Cash Flow Return

-7.70%

ROIC

-58.70%

Interest Coverage

-0.70

Quick Ratio

0.80

Other Data

Shares on Issue (Fully Dilluted)

701m

HALO Sector

Next Company Report Date

20-Feb-25

Ex Dividend Date (est.)

N/A

Next Dividend Pay Date (est.)

N/A

Reporting Currency

AUD

Short Sell (% of issue)

3.91

29M Announcements

Latest Announcements

Date Announcements

02 May 24

Notification of cessation of securities - 29M

×

Notification of cessation of securities - 29M

02 May 24

Appendix 3Z (P Albert)

×

Appendix 3Z (P Albert)

23 April 24

Quarterly Report for the March 2024 Quarter

×

Quarterly Report for the March 2024 Quarter

22 April 24

Offtake Finance and Insurance Claim Update

×

Offtake Finance and Insurance Claim Update

19 April 24

2023 Annual Report and Sustainability & ESG Report

×

2023 Annual Report and Sustainability & ESG Report

19 April 24

2023 Corporate Governance Statement and Appendix 4G

×

2023 Corporate Governance Statement and Appendix 4G

19 April 24

2024 AGM Notice of Meeting

×

2024 AGM Notice of Meeting

19 April 24

March Quarter 2024 - Cnference Call Advisory

×

March Quarter 2024 - Cnference Call Advisory

26 March 24

Capricorn Copper - Suspension of Operations

×

Capricorn Copper - Suspension of Operations

06 March 24

Notification of Date of 2024 AGM

×

Notification of Date of 2024 AGM

06 March 24

Application for quotation of securities - 29M

×

Application for quotation of securities - 29M

06 March 24

Appendix 3Y (P Albert)

×

Appendix 3Y (P Albert)

05 March 24

CEO Appointment

×

CEO Appointment

23 February 24

2023 Appendix 4E and Annual Financial Report

×

2023 Appendix 4E and Annual Financial Report

23 February 24

2023 Mineral Resources and Ore Reserves Estimates

×

2023 Mineral Resources and Ore Reserves Estimates

23 February 24

2023 Financial Results Summary Release

×

2023 Financial Results Summary Release

23 February 24

2023 Financial Results and MROR Estimates Presentation

×

2023 Financial Results and MROR Estimates Presentation

20 February 24

2023 Full Year Financial Results - Conference Call Advisory

×

2023 Full Year Financial Results - Conference Call Advisory

16 February 24

Letter to Shareholders from the Chair of 29Metals

×

Letter to Shareholders from the Chair of 29Metals

13 February 24

Change in substantial holding

×

Change in substantial holding

07 February 24

Ceasing to be a substantial holder

×

Ceasing to be a substantial holder

30 January 24

Quarterly Report for December 2023 Quarter

×

Quarterly Report for December 2023 Quarter

25 January 24

December 2023 Quarterly Report - Conference Call Details

×

December 2023 Quarterly Report - Conference Call Details

11 January 24

Response to ASX Price Query

×

Response to ASX Price Query

14 December 23

Managing Director & CEO Transition

×

Managing Director & CEO Transition

29M Fundamentals

Per Share Records

Historical data

Forecasted data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Per Share, Growth & Valuations
EPS (Basic) $ Lock Lock Lock Lock 0.49 -0.10 -0.80 Lock Lock Lock
EPS (Fully Diluted) $ Lock Lock Lock Lock 0.48 -0.10 -0.80 Lock Lock Lock
     Growth % Lock Lock Lock Lock N/A -120.2 -714.1 Lock Lock Lock
     PE X Lock Lock Lock Lock 17.6 0.0 0.0 Lock Lock Lock
     EV/EBITDA X Lock Lock Lock Lock 5.7 6.2 19.4 Lock Lock Lock
CFPS $ Lock Lock Lock Lock 0.25 0.28 -0.16 Lock Lock Lock
FCFPS $ Lock Lock Lock Lock -0.13 0.07 -0.25 Lock Lock Lock
     Growth % Lock Lock Lock Lock -7.8 12.3 -158.2 Lock Lock Lock
     Yield % Lock Lock Lock Lock -4.2 3.9 -38.8 Lock Lock Lock
DPS $ Lock Lock Lock Lock 0.00 N/A 0.00 Lock Lock Lock
     Growth % Lock Lock Lock Lock N/A N/A N/A Lock Lock Lock
     Yield % Lock Lock Lock Lock 0.0 1.0 0.1 Lock Lock Lock
     Payout Ratio % Lock Lock Lock Lock 0 N/A 0 Lock Lock Lock
BPS $ Lock Lock Lock Lock 1.60 1.49 0.60 Lock Lock Lock
BPS (Tangible) $ Lock Lock Lock Lock 1.60 1.49 0.60 Lock Lock Lock
     Growth % Lock Lock Lock Lock N/A -7.2 -59.5 Lock Lock Lock
Shares Outstanding
Diluted m Lock Lock Lock Lock 250 481 552 Lock Lock Lock
Basic m Lock Lock Lock Lock 249 481 552 Lock Lock Lock

Financial Records

Historical data

Forecasted data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Income Statement
Sales $m Lock Lock Lock Lock 601 714 449 Lock Lock Lock
     Growth % Lock Lock Lock Lock 38.3 18.9 -37.1 Lock Lock Lock
Selling & General Expenses $m Lock Lock Lock Lock 20 27 34 Lock Lock Lock
Gross Income $m Lock Lock Lock Lock 134 -8 -99 Lock Lock Lock
     Growth % Lock Lock Lock Lock 25.0 -105.9 -1,154.9 Lock Lock Lock
     Margin % Lock Lock Lock Lock 22.3 -1.1 -22.1 Lock Lock Lock
Cost of Goods Sold to Sales % Lock Lock Lock Lock 78 101 122 Lock Lock Lock
EBITDA $m Lock Lock Lock Lock 217 159 -18 Lock Lock Lock
     Growth % Lock Lock Lock Lock 39.1 -26.6 -111.1 Lock Lock Lock
     Margin % Lock Lock Lock Lock 36.1 22.3 -3.9 Lock Lock Lock
Depreciation & Amortisation $m Lock Lock Lock Lock 103 194 124 Lock Lock Lock
EBIT $m Lock Lock Lock Lock 115 -35 -142 Lock Lock Lock
     Growth % Lock Lock Lock Lock 16.1 -130.3 -309.4 Lock Lock Lock
     Margin % Lock Lock Lock Lock 19.1 -4.9 -31.6 Lock Lock Lock
Pretax Income $m Lock Lock Lock Lock 18 -66 -382 Lock Lock Lock
Income Taxes $m Lock Lock Lock Lock -103 -19 58 Lock Lock Lock
Net Income $m Lock Lock Lock Lock 121 -47 -440 Lock Lock Lock
     Growth % Lock Lock Lock Lock N/A -139.0 -832.7 Lock Lock Lock
     Margin % Lock Lock Lock Lock 20.1 -6.6 -98.0 Lock Lock Lock
Cash Flow Statement
Net Operating Cash Flow $m Lock Lock Lock Lock 58 142 -57 Lock Lock Lock
Capital Expenditures $m Lock Lock Lock Lock 98 114 85 Lock Lock Lock
Net Investing Cash Flow $m Lock Lock Lock Lock -93 -114 -85 Lock Lock Lock
Net Financing Cash Flow $m Lock Lock Lock Lock 119 -59 134 Lock Lock Lock
Free Cash Flow $m Lock Lock Lock Lock -32 45 -138 Lock Lock Lock
     Growth % Lock Lock Lock Lock -164.1 242.2 -404.3 Lock Lock Lock
     Margin % Lock Lock Lock Lock -0.1 0.1 -0.3 Lock Lock Lock
Franking Balance $m Lock Lock Lock Lock N/A 20 20 Lock Lock Lock
Balance Sheet
Cash & Short-Term Investments $m Lock Lock Lock Lock 197 172 162 Lock Lock Lock
Total Assets $m Lock Lock Lock Lock 1,360 1,355 1,170 Lock Lock Lock
Long Term Debt $m Lock Lock Lock Lock 190 212 151 Lock Lock Lock
Net Debt $m Lock Lock Lock Lock 36 94 109 Lock Lock Lock
Total Liabilities $m Lock Lock Lock Lock 590 639 747 Lock Lock Lock
Equity $m Lock Lock Lock Lock 770 716 422 Lock Lock Lock
Invested Capital Lock Lock Lock Lock 959 927 574 Lock Lock Lock
     Growth % Lock Lock Lock Lock 387.7 -3.3 -38.1 Lock Lock Lock
Return Ratios
Return on Assets % Lock Lock Lock Lock 8.9 -3.5 -37.7 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 15.7 -6.6 -104.3 Lock Lock Lock
Return on Total Capital % Lock Lock Lock Lock 18.4 -3.5 -17.0 Lock Lock Lock
Return on Invested Capital % Lock Lock Lock Lock 20.9 -5.0 -58.7 Lock Lock Lock
Cash Flow Return on Invested Capital % Lock Lock Lock Lock 10.0 15.1 -7.7 Lock Lock Lock

Ratios Records

Historical data

Forecasted data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Leverage
Interest Cover X Lock Lock Lock Lock 8.1 10.1 -0.7 Lock Lock Lock
Debt to EBITDA X Lock Lock Lock Lock 0.2 0.6 -6.2 Lock Lock Lock
Net Debt to Equity % Lock Lock Lock Lock 4.6 13.1 25.9 Lock Lock Lock
Liquidity
Current Ratio X Lock Lock Lock Lock 1.8 1.5 1.2 Lock Lock Lock
Quick Ratio X Lock Lock Lock Lock 1.4 1.1 0.8 Lock Lock Lock
Cash & ST Inv/Current Assets % Lock Lock Lock Lock 56.1 49.9 52.8 Lock Lock Lock
CFO/Current Liabilities % Lock Lock Lock Lock 28.8 63.5 -22.1 Lock Lock Lock
Balance Sheet Efficiency
Receivables Turnover X Lock Lock Lock Lock 15.3 13.4 11.3 Lock Lock Lock
Inventory Turnover X Lock Lock Lock Lock 9.2 8.2 5.6 Lock Lock Lock
Working Capital Turnover X Lock Lock Lock Lock 4.0 5.9 9.7 Lock Lock Lock
Payables Turnover X Lock Lock Lock Lock 4.1 8.0 2.7 Lock Lock Lock
Asset Turnover X Lock Lock Lock Lock 0.4 0.5 0.4 Lock Lock Lock
Du Pont
Asset Turnover X Lock Lock Lock Lock 0.4 0.5 0.4 Lock Lock Lock
x Pretax Margin % Lock Lock Lock Lock 3.0 -9.2 -85.1 Lock Lock Lock
= Pretax Return on Assets % Lock Lock Lock Lock 1.3 -4.9 -32.7 Lock Lock Lock
x Tax Rate Complement (1-Tax Rate) % Lock Lock Lock Lock -580.7 N/A 0.0 Lock Lock Lock
Return on Assets % Lock Lock Lock Lock 8.9 -3.5 -37.7 Lock Lock Lock
x Equity Multiplier (Assets/Equity) % Lock Lock Lock Lock 1.8 1.9 2.8 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 15.7 -6.6 -104.3 Lock Lock Lock
x Earnings Retention (1-Payout) % Lock Lock Lock Lock 100.0 N/A 100.0 Lock Lock Lock
= Reinvestment Rate (%) % Lock Lock Lock Lock 15.7 N/A -104.3 Lock Lock Lock
Operating Cycle
Days of Inventory on Hand Days Lock Lock Lock Lock 39.6 44.4 64.8 Lock Lock Lock
+ Days of Sales Outstanding Days Lock Lock Lock Lock 23.9 27.3 32.4 Lock Lock Lock
Operating Cycle Days Lock Lock Lock Lock 63.5 71.7 97.2 Lock Lock Lock
- Days of Payables Outstanding Days Lock Lock Lock Lock 10.9 19.9 23.2 Lock Lock Lock
Net Operating Cycle Days Lock Lock Lock Lock 52.6 51.8 74.0 Lock Lock Lock

Dividends

Key Stats

Ex Dividend Date (est.)

N/A

DIV Yield

.1%

Franking Level

100%

DPSg

%

Quality Yield

Lock

Falling Divs over next 2

Lock

Expected Dividend Cashflow

Dividend Clarity,
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Strategy

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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

3.91%

Value ($M)

14

Prior Change

N/A

7 Day Change

0.20%

1 Month Change

0.80%

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$0.5.
The 52-week high share price for 29metals Ltd. (29M:ASX) is AU$1.12.
The 52-week low share price for 29metals Ltd. (29M:ASX)? is AU$0.19.
The current TTM dividend payout for 29metals Ltd. (29M:ASX) is 0.10.
The last dividend payment of 29metals Ltd. (29M:ASX) is AU$0.02.
29metals Ltd. (29M:ASX) has a franking level of 100.0%.
29metals Ltd. (29M:ASX) is classified in the Mining.
The current P/E ratio for 29metals Ltd. (29M:ASX) is 0.00.