29Metals Limited

ASX:29M Stock Report

Market Cap: AU$301.1m

29Metals Future Growth

Future criteria checks 4/6

29Metals is forecast to grow earnings and revenue by 65.4% and 10.9% per annum respectively. EPS is expected to grow by 108.8% per annum. Return on equity is forecast to be 6.8% in 3 years.

Key information

65.4%

Earnings growth rate

108.8%

EPS growth rate

Metals and Mining earnings growth11.2%
Revenue growth rate10.9%
Future return on equity6.8%
Analyst coverage

Good

Last updated22 Jan 2025

Recent future growth updates

Recent updates

Is 29Metals (ASX:29M) Using Debt In A Risky Way?

Oct 23
Is 29Metals (ASX:29M) Using Debt In A Risky Way?

There Is A Reason 29Metals Limited's (ASX:29M) Price Is Undemanding

Jul 19
There Is A Reason 29Metals Limited's (ASX:29M) Price Is Undemanding

29Metals Limited (ASX:29M) Surges 36% Yet Its Low P/S Is No Reason For Excitement

Apr 12
29Metals Limited (ASX:29M) Surges 36% Yet Its Low P/S Is No Reason For Excitement

Is 29Metals (ASX:29M) Using Too Much Debt?

Mar 24
Is 29Metals (ASX:29M) Using Too Much Debt?

Benign Growth For 29Metals Limited (ASX:29M) Underpins Stock's 33% Plummet

Feb 27
Benign Growth For 29Metals Limited (ASX:29M) Underpins Stock's 33% Plummet

29Metals Limited (ASX:29M) Just Released Its Annual Results And Analysts Are Updating Their Estimates

Feb 26
29Metals Limited (ASX:29M) Just Released Its Annual Results And Analysts Are Updating Their Estimates

An Intrinsic Calculation For 29Metals Limited (ASX:29M) Suggests It's 48% Undervalued

May 12
An Intrinsic Calculation For 29Metals Limited (ASX:29M) Suggests It's 48% Undervalued

Earnings and Revenue Growth Forecasts

ASX:29M - Analysts future estimates and past financials data (AUD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202775378581754
12/31/202663665-151499
12/31/2025593-11-321089
12/31/2024537-134-100899
6/30/2024458-243-106-11N/A
3/31/2024454-342-114-24N/A
12/31/2023450-440-121-37N/A
9/30/2023525-397-96-7N/A
6/30/2023599-354-7022N/A
3/31/2023660-201-1489N/A
12/31/2022721-4742156N/A
9/30/20227493732150N/A
6/30/202277612123144N/A
3/31/20226891210109N/A
12/31/2021601121-2375N/A
12/31/2020434N/A52131N/A
12/31/20196578294188N/A
12/31/201852518116195N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 29M is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.6%).

Earnings vs Market: 29M is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 29M is expected to become profitable in the next 3 years.

Revenue vs Market: 29M's revenue (10.9% per year) is forecast to grow faster than the Australian market (6% per year).

High Growth Revenue: 29M's revenue (10.9% 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 (6.8%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/23 07:47
End of Day Share Price 2025/01/23 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

29Metals Limited is covered by 26 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightBarclay Pearce Capital Pty Limited
April LowisBarrenjoey Markets Pty Limited
Glyn LawcockBarrenjoey Markets Pty Limited