29Metals Future Growth
Future criteria checks 4/6
29Metals is forecast to grow earnings and revenue by 80.9% and 14.9% per annum respectively. EPS is expected to grow by 84.8% per annum. Return on equity is forecast to be 12.1% in 3 years.
Key information
80.9%
Earnings growth rate
84.8%
EPS growth rate
| Metals and Mining earnings growth | 14.5% |
| Revenue growth rate | 14.9% |
| Future return on equity | 12.1% |
| Analyst coverage | Good |
| Last updated | 30 May 2024 |
Recent future growth updates
Recent updates
29Metals Limited (ASX:29M) Surges 36% Yet Its Low P/S Is No Reason For Excitement
Apr 12
Is 29Metals (ASX:29M) Using Too Much Debt?
Mar 24Benign Growth For 29Metals Limited (ASX:29M) Underpins Stock's 33% Plummet
Feb 2729Metals Limited (ASX:29M) Just Released Its Annual Results And Analysts Are Updating Their Estimates
Feb 26An Intrinsic Calculation For 29Metals Limited (ASX:29M) Suggests It's 48% Undervalued
May 12Be Wary Of 29Metals (ASX:29M) And Its Returns On Capital
Sep 07Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 725 | 65 | 58 | 208 | 9 |
| 12/31/2025 | 597 | 35 | -5 | 163 | 9 |
| 12/31/2024 | 512 | -89 | -68 | 47 | 9 |
| 12/31/2023 | 450 | -440 | -121 | -37 | N/A |
| 9/30/2023 | 525 | -397 | -96 | -7 | N/A |
| 6/30/2023 | 599 | -354 | -70 | 22 | N/A |
| 3/31/2023 | 660 | -201 | -14 | 89 | N/A |
| 12/31/2022 | 721 | -47 | 42 | 156 | N/A |
| 9/30/2022 | 749 | 37 | 32 | 150 | N/A |
| 6/30/2022 | 776 | 121 | 23 | 144 | N/A |
| 3/31/2022 | 689 | 121 | 0 | 109 | N/A |
| 12/31/2021 | 601 | 121 | -23 | 75 | N/A |
| 12/31/2020 | 434 | N/A | 52 | 131 | N/A |
| 12/31/2019 | 657 | 82 | 94 | 188 | N/A |
| 12/31/2018 | 525 | 18 | 116 | 195 | N/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 (2.3%).
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 (14.9% per year) is forecast to grow faster than the Australian market (5.3% per year).
High Growth Revenue: 29M's revenue (14.9% 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 (12.1%).