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29M · ASX

29metals Ltd. (ASX:29M)

AU$0.38

 0.0 (0.0%)
ASX:Live
26/07/2024 04:10:15 PM
Recent Price downgrade Recent Earnings upgrade HALO Small HALO Ords HALO Momentum +6
Consensus Score
/10
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29M Overview

29M Health Scores

Short Term

Mean Reversion

Neutral

Trend

Neutral

Event

Neutral

Halo Model

MQV

Very Strong

GARP

Very Strong

MQV Small

Very Strong

Valuation

Value

Consensus

Momentum

Price

Neutral

Earnings

Very Weak

Growth

Earnings

Very Weak

Dividends

Very Strong

Quality

Capital Efficiency

Strong

Balance Sheet

Strong

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$277.24M

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 - 0.9

Trade Value (12mth)

AU$398,560.00

1 week

2.7%

1 month

-7.32%

YTD

-41.09%

1 year

-43.52%

All time high

3.27

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

Mining

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)

3.17

29M Announcements

Latest Announcements

Date Announcements

24 July 24

Quarterly Report for the June 2024 Quarter

×

Quarterly Report for the June 2024 Quarter

24 July 24

June 2024 Quarterly Report - Investor Presentation

×

June 2024 Quarterly Report - Investor Presentation

22 July 24

High-grade Copper Drilling Results at Capricorn Copper

×

High-grade Copper Drilling Results at Capricorn Copper

18 July 24

June Quarter 2024 - Conference Call Advisory

×

June Quarter 2024 - Conference Call Advisory

18 July 24

Change in substantial holding

×

Change in substantial holding

01 July 24

Change of Company Secretary

×

Change of Company Secretary

01 July 24

Offtake Finance Facility Update

×

Offtake Finance Facility Update

11 June 24

MLG: New Contract Award - 29Metals Limited

×

MLG: New Contract Award - 29Metals Limited

11 June 24

US$50 Million Offtake Facility Finalised

×

US$50 Million Offtake Facility Finalised

11 June 24

Ceasing to be a substantial holder from MUFG

×

Ceasing to be a substantial holder from MUFG

07 June 24

Becoming a substantial holder from MUFG

×

Becoming a substantial holder from MUFG

07 June 24

Ceasing to be a substantial holder

×

Ceasing to be a substantial holder

06 June 24

Becoming a substantial holder

×

Becoming a substantial holder

27 May 24

Application for quotation of securities - 29M

×

Application for quotation of securities - 29M

27 May 24

Appendix 3Y (F Robertson)

×

Appendix 3Y (F Robertson)

27 May 24

Appendix 3Y (J McGill)

×

Appendix 3Y (J McGill)

27 May 24

Appendix 3Y (M Alciaturi)

×

Appendix 3Y (M Alciaturi)

27 May 24

Appendix 3Y (T Brown)

×

Appendix 3Y (T Brown)

27 May 24

Notification regarding unquoted securities - 29M

×

Notification regarding unquoted securities - 29M

21 May 24

2024 AGM - Chair and CEO Addresses

×

2024 AGM - Chair and CEO Addresses

21 May 24

Results of 2024 Annual General Meeting

×

Results of 2024 Annual General Meeting

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

29M Fundamentals

Per Share Records

Historical data

Forecast 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

Forecast 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

Forecast 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

N/A

Quality Yield

Lock

Falling Divs over next 2

Lock

Expected Dividend Cashflow

Dividend Clarity,
Enhanced
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

3.17%

Value ($M)

8

Prior Change

N/A

7 Day Change

-0.20%

1 Month Change

-0.60%

3 Month Change

-0.50%

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29M Shortsell

Frequently Asked Questions

The current share price of 29metals Ltd. (29M:ASX) is AU$0.38.
The 52-week high share price for 29metals Ltd. (29M:ASX) is AU$0.90.
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.
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HALO Technologies Pty Ltd ABN 54 623 830 866 is a Corporate Authorised Representative No 1261916 of Macrovue Pty Ltd ABN 98 600 022 679 AFSL 484264. Macrovue Pty Ltd is a wholly owned subsidiary of HALO Technologies Pty Ltd.