29Metals Limited operates as a copper focused base and precious metals mining company.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$2.74|
|52 Week High||AU$1.90|
|52 Week Low||AU$2.95|
|1 Month Change||15.61%|
|3 Month Change||19.13%|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||34.31%|
Recent News & Updates
|29M||AU Metals and Mining||AU Market|
Return vs Industry: Insufficient data to determine how 29M performed against the Australian Metals and Mining industry.
Return vs Market: Insufficient data to determine how 29M performed against the Australian Market.
Stable Share Price: 29M is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: Insufficient data to determine 29M's volatility change over the past year.
About the Company
|2021||1,130||Peter Geoffrey Albert||https://www.29metals.com|
29Metals Limited operates as a copper focused base and precious metals mining company. The company explores copper, zinc, gold, and silver deposits. It holds interest in the Golden Grove mine located in the mid-west region of Western Australia; and Capricorn Copper mine located in Queensland.
29Metals Fundamentals Summary
|29M fundamental statistics|
Is 29M overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|29M income statement (TTM)|
|Cost of Revenue||AU$557.74m|
Last Reported Earnings
Dec 31, 2020
Next Earnings Date
Oct 21, 2021
|Earnings per share (EPS)||0.069|
|Net Profit Margin||5.31%|
How did 29M perform over the long term?See historical performance and comparison
Is 29Metals undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 29M (A$2.74) is trading below our estimate of fair value (A$9.57)
Significantly Below Fair Value: 29M is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 29M is poor value based on its PE Ratio (39.7x) compared to the Australian Metals and Mining industry average (14.3x).
PE vs Market: 29M is poor value based on its PE Ratio (39.7x) compared to the Australian market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: 29M is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: 29M is good value based on its PB Ratio (1.8x) compared to the AU Metals and Mining industry average (2.6x).
How is 29Metals forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 29M's forecast earnings growth (34.8% per year) is above the savings rate (1.9%).
Earnings vs Market: 29M's earnings (34.8% per year) are forecast to grow faster than the Australian market (11.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 29M's revenue (7.8% per year) is forecast to grow faster than the Australian market (5.4% per year).
High Growth Revenue: 29M's revenue (7.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 29M's Return on Equity is forecast to be low in 3 years time (13.5%).
How has 29Metals performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: 29M has high quality earnings.
Growing Profit Margin: 29M's current net profit margins (5.3%) are lower than last year (12.4%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if 29M's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: 29M's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 29M had negative earnings growth (-59.3%) over the past year, making it difficult to compare to the Metals and Mining industry average (35.3%).
Return on Equity
High ROE: 29M's Return on Equity (4.6%) is considered low.
How is 29Metals's financial position?
Financial Position Analysis
Short Term Liabilities: 29M's short term assets (A$232.2M) exceed its short term liabilities (A$175.3M).
Long Term Liabilities: 29M's short term assets (A$232.2M) do not cover its long term liabilities (A$363.9M).
Debt to Equity History and Analysis
Debt Level: 29M's debt to equity ratio (28.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 29M's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 29M's debt is well covered by operating cash flow (75.4%).
Interest Coverage: 29M's interest payments on its debt are not well covered by EBIT (2.2x coverage).
What is 29Metals's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 29M's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 29M's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 29M's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 29M's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 29M's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Peter Geoffrey Albert (63 yo)
Mr. Peter Geoffrey Albert, BSc (Hons), EMBA, FAusIMM, MIOM3, CEng, MAICD, serves as Managing Director and Chief Executive Officer at 29Metals Limited and has been its Director since May 27, 2021. He joined...
Experienced Board: 29M's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: 29M only recently listed within the past 12 months.
29Metals Limited's employee growth, exchange listings and data sources
- Name: 29Metals Limited
- Ticker: 29M
- Exchange: ASX
- Founded: 2021
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$1.316b
- Shares outstanding: 480.46m
- Website: https://www.29metals.com
Number of Employees
- 29Metals Limited
- 150 Collins Street
- Level 2
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 15:36|
|End of Day Share Price||2021/10/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.