29Metals Limited

ASX:29M Stock Report

Market Cap: AU$301.1m

29Metals Valuation

Is 29M undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Share Price vs Fair Value

What is the Fair Price of 29M when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 29M?

Key metric:

The above table shows the Price to Sales ratio for 29M. This is calculated by dividing 29M's market cap by their current revenue.
What is 29M's PS Ratio?
PS Ratio0.7x
SalesAU$457.74m
Market CapAU$301.12m

Price to Sales Ratio vs Peers

How does 29M's PS Ratio compare to its peers?

The above table shows the PS ratio for 29M vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.6x
PLL Piedmont Lithium
3.8x34.0%AU$296.1m
AMI Aurelia Metals
1x9.2%AU$296.0m
OMH OM Holdings
0.3x14.5%AU$263.7m
SYA Sayona Mining
1.3x2.7%AU$277.0m
29M 29Metals
0.7x10.9%AU$301.1m

Price to Sales Ratio vs Industry

How does 29M's PS Ratio compare vs other companies in the AU Metals and Mining Industry?

123 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.n/a3.7%
29M 29Metals
 0.7x10.9%US$188.92m
BHP BHP Group
2.2x-3.0%US$126.66b
FMG Fortescue
2x-5.6%US$36.72b
No. of Companies123PS020406080100+
123 CompaniesEstimated GrowthMarket Cap
Industry Avg.n/a11.2%
29M 29Metals
 0.7x65.4%US$188.92m
No more companies

Price to Sales Ratio vs Fair Ratio

What is 29M's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

29M PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ratio0.5x

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/23 15:32
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