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29Metals Ltd
ASX:29M

Watchlist Manager
29Metals Ltd
ASX:29M
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Price: 0.47 AUD 6.82% Market Closed
Updated: Apr 26, 2024

Intrinsic Value

29Metals Ltd. engages in the exploration and development of copper and base and precious metals resources. [ Read More ]

The intrinsic value of one 29M stock under the Base Case scenario is 6.37 AUD. Compared to the current market price of 0.47 AUD, 29Metals Ltd is Undervalued by 93%.

Key Points:
29M Intrinsic Value
Base Case
6.37 AUD
Undervaluation 93%
Intrinsic Value
Price
2
Base Case Scenario

Fundamental Analysis

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29Metals Ltd

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Financials

Balance Sheet Decomposition
29Metals Ltd

Current Assets 306.7m
Cash & Short-Term Investments 174.4m
Receivables 28.1m
Other Current Assets 104.2m
Non-Current Assets 674.5m
PP&E 668.8m
Intangibles 78k
Other Non-Current Assets 5.7m
Current Liabilities 260.5m
Accounts Payable 118.9m
Accrued Liabilities 16.4m
Other Current Liabilities 125.3m
Non-Current Liabilities 298.4m
Long-Term Debt 151.3m
Other Non-Current Liabilities 147m
Efficiency

Earnings Waterfall
29Metals Ltd

Revenue
449.7m AUD
Cost of Revenue
-540.9m AUD
Gross Profit
-91.1m AUD
Operating Expenses
-42.3m AUD
Operating Income
-133.4m AUD
Other Expenses
-307m AUD
Net Income
-440.5m AUD

Free Cash Flow Analysis
29Metals Ltd

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
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Fundamental Scores

29M Profitability Score
Profitability Due Diligence

29Metals Ltd's profitability score is 17/100. The higher the profitability score, the more profitable the company is.

Exceptional Revenue Growth Forecast
Negative 1-Year Revenue Growth
Negative ROIC
Negative Operating Income
17/100
Profitability
Score

29Metals Ltd's profitability score is 17/100. The higher the profitability score, the more profitable the company is.

29M Solvency Score
Solvency Due Diligence

29Metals Ltd's solvency score is 48/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Negative Net Debt
Short-Term Solvency
48/100
Solvency
Score

29Metals Ltd's solvency score is 48/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

29M Price Targets Summary
29Metals Ltd

Wall Street analysts forecast 29M stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for 29M is 0.44 AUD with a low forecast of 0.25 AUD and a high forecast of 0.63 AUD.

Lowest
Price Target
0.25 AUD
46% Downside
Average
Price Target
0.44 AUD
7% Downside
Highest
Price Target
0.63 AUD
34% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

29M Price
29Metals Ltd

1M 1M
+18%
6M 6M
-21%
1Y 1Y
-60%
3Y 3Y
-77%
5Y 5Y
-77%
10Y 10Y
-77%
Annual Price Range
0.47
52w Low
0.185
52w High
1.265
Price Metrics
Average Annual Return 8.33%
Standard Deviation of Annual Returns 67.25%
Max Drawdown -94%
Shares Statistics
Market Capitalization 329.6m AUD
Shares Outstanding 701 699 008
Percentage of Shares Shorted
N/A

29M Return Decomposition
Main factors of price return

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Company Profile

29Metals Ltd

Country

Australia

Industry

Metals & Mining

Market Cap

329.6m AUD

Dividend Yield

0%

Description

29Metals Ltd. engages in the exploration and development of copper and base and precious metals resources. The firm is engaged in exploring, developing and producing metals in the form of mineral concentrates which are sold to commodity trading firms or smelters for refining and on-sale as a refined metal product for end use. The firm has a portfolio of exploration interests, including regional tenement interests surrounding Capricorn Copper and Golden Grove, and a project in Redhill located in Chile. The Golden Grove mine is located in the mid-west region of Western Australia, approximately 450 kilometer (km) north-east of Perth and 250 km east of Geraldton. The Capricorn Copper is located approximately 120 km north of Mount Isa. The Redhill has a prospective for copper, silver and gold.

Contact

VICTORIA

IPO

2021-07-02

Employees

1 130

Officers

MD, CEO & Executive Director
Mr. Peter Geoffrey Albert B.Sc., BSc (Hons), CEng, EMBA, FAusIMM, M.A.I.C.D.
Chief Financial Officer
Mr. Peter Herbert B.Com., C.A.
Chief Operating Officer
Mr. Ed Cooney B.E., M.B.A.
Chief Governance & Legal Officer and Company Secretary
Mr. Clifford R. Tuck BScApp, L.L.B., llB (hons)
Group Manager of Projects, Innovation & Technology
Brett Milner
Group Manager of Investor Relations
Mr. Michael Slifirski
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Marketing Manager
Scott Campbell
Group Manager of Human Resources
Adrianna Quinn
Group Manager of Sustainability & ESG
Tara Garrood
Group Manager of Geology
Lucas Williams
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