29Metals Limited

ASX:29M Stock Report

Market Cap: AU$172.0m

29Metals Past Earnings Performance

Past criteria checks 0/6

29Metals's earnings have been declining at an average annual rate of -65.6%, while the Metals and Mining industry saw earnings growing at 20.7% annually. Revenues have been declining at an average rate of 23.6% per year.

Key information

-65.6%

Earnings growth rate

50.1%

EPS growth rate

Metals and Mining Industry Growth22.3%
Revenue growth rate-23.6%
Return on equity-77.0%
Net Margin-53.1%
Last Earnings Update30 Jun 2024

Recent past performance 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

Revenue & Expenses Breakdown

How 29Metals makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

ASX:29M Revenue, expenses and earnings (AUD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 24458-243840
31 Mar 24454-3421120
31 Dec 23450-4401400
30 Sep 23525-3971500
30 Jun 23599-354980
31 Mar 23660-201660
31 Dec 22721-47340
30 Sep 2274937320
30 Jun 22776121300
31 Mar 22689121240
31 Dec 21601121190
31 Dec 20434050
31 Dec 1965782190
31 Dec 1852518190

Quality Earnings: 29M is currently unprofitable.

Growing Profit Margin: 29M is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 29M is unprofitable, and losses have increased over the past 5 years at a rate of 65.6% per year.

Accelerating Growth: Unable to compare 29M's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 29M is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (3.9%).

Return on Equity

High ROE: 29M has a negative Return on Equity (-76.98%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/31 14:59
End of Day Share Price 2024/12/31 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