ASX:ADN

Stock Analysis Report

Executive Summary

Andromeda Metals Limited, together with its subsidiaries, operates as a mineral exploration company in Australia.

Snowflake

Fundamentals

Excellent balance sheet with weak fundamentals.

Share Price & News

How has Andromeda Metals's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

7.7%

ADN

1.1%

AU Metals and Mining

1.3%

AU Market


1 Year Return

700.0%

ADN

10.7%

AU Metals and Mining

9.9%

AU Market

Return vs Industry: ADN exceeded the Australian Metals and Mining industry which returned 10.7% over the past year.

Return vs Market: ADN exceeded the Australian Market which returned 9.9% over the past year.


Share holder returns

ADNIndustryMarket
7 Day7.7%1.1%1.3%
30 Day19.1%-2.7%-0.7%
90 Day273.3%-7.7%-0.4%
1 Year700.0%700.0%18.4%10.7%16.3%9.9%
3 Year380.4%277.5%66.1%46.1%35.8%17.6%
5 Year199.3%121.3%60.6%24.2%51.9%17.8%

Price Volatility Vs. Market

How volatile is Andromeda Metals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Andromeda Metals undervalued based on future cash flows and its price relative to the stock market?

10.9x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: Insufficient data to calculate ADN's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate ADN's fair value to establish if it is undervalued.


Price Based on Earnings

PE vs Industry: ADN is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: ADN is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate ADN's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: ADN is overvalued based on its PB Ratio (10.9x) compared to the AU Metals and Mining industry average (1.6x).


Next Steps

Future Growth

How is Andromeda Metals expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

2.4%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Andromeda Metals has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Andromeda Metals performed over the past 5 years?

23.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ADN is unprofitable, but has reduced losses over the past 5 years at a rate of 23% per year.

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

Earnings vs Industry: ADN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (1.3%).


Return on Equity

High ROE: ADN has a negative Return on Equity (-16.1%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: ADN is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: ADN is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Andromeda Metals's financial position?


Financial Position Analysis

Short Term Liabilities: ADN's short term assets (A$1.8M) exceeds its short term liabilities (A$456.5K)

Long Term Liabilities: ADN's short term assets (1.8M) exceeds its long term liabilities (996.5K)


Debt to Equity History and Analysis

Debt Level: ADN is debt free.

Reducing Debt: ADN has not had any debt for past 5 years.


Balance Sheet

Inventory Level: ADN has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if ADN's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ADN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ADN has sufficient cash runway for 1.891917 years if free cash flow continues to reduce at historical rates of -0.1% each year.


Next Steps

Dividend

What is Andromeda Metals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.5%markettop25%5.6%industryaverage3.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate ADN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate ADN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if ADN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ADN'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 ADN's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

What is the CEO of Andromeda Metals's salary, the management and board of directors tenure and is there insider trading?

1.4yrs

Average management tenure


CEO

James Marsh 0

1.4yrs

Tenure

AU$196,214

Compensation

Mr. James E. Marsh serves as the Managing Director and Director at Andromeda Metals Ltd. since May 30, 2018. Mr. Marsh served as General Manager of Industrial Minerals at Minotaur from 2010 to 2011. Mr. Ma ...


CEO Compensation Analysis

Compensation vs. Market: James has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Australian market.

Compensation vs Earnings: Insufficient data to compare James's compensation with company performance.


Management Age and Tenure

1.4yrs

Average Tenure

Experienced Management: ADN's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Age and Tenure

2.0yrs

Average Tenure

Experienced Board: ADN's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyAU$43,85722 May 19
Robert Connolly
EntityIndividual
Shares5,012,144
Max PriceAU$34.04
SellAU$192,33922 May 19
Robert Connolly
EntityIndividual
Shares27,012,144
Max PriceAU$0.011
BuyAU$129,99805 Mar 19
Robert Connolly
EntityIndividual
Shares20,000,000
Max PriceAU$0.0065
BuyAU$58,07705 Mar 19
Robert Connolly
EntityIndividual
Shares8,650,000
Max PriceAU$0.0075
SellAU$129,14805 Mar 19
Robert Connolly
EntityIndividual
Shares17,650,000
Max PriceAU$0.0089
SellAU$221,79927 Feb 19
Vulture Fish Pty Ltd
EntityCompany
Shares35,675,000
Max PriceAU$0.0062

Ownership Breakdown


Management Team

  • Chris Drown

    Consultant

    • Tenure: 1.3yrs
    • Compensation: AU$217.46k
  • Nick Harding

    Executive Director & Company Secretary

    • Tenure: 4.7yrs
    • Compensation: AU$195.31k
  • James Marsh

    MD & Director

    • Tenure: 1.4yrs
    • Compensation: AU$196.21k

Board Members

  • Rhod John Grivas (52yo)

    Non-Executive Chairman

    • Tenure: 2yrs
    • Compensation: AU$96.34k
  • Nick Harding

    Executive Director & Company Secretary

    • Tenure: 4.7yrs
    • Compensation: AU$195.31k
  • Andrew Shearer

    Non-Executive Director

    • Tenure: 2yrs
    • Compensation: AU$60.65k
  • James Marsh

    MD & Director

    • Tenure: 1.4yrs
    • Compensation: AU$196.21k

Company Information

Andromeda Metals Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Andromeda Metals Limited
  • Ticker: ADN
  • Exchange: ASX
  • Founded: 1993
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$75.470m
  • Shares outstanding: 1.35b
  • Website: https://www.andromet.com.au

Location

  • Andromeda Metals Limited
  • 69 King William Road
  • Unley
  • South Australia
  • 5061
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ADNASX (Australian Securities Exchange)YesOrdinary SharesAUAUDSep 1996
ADNCHIA (Chi-X Australia)YesOrdinary SharesAUAUDSep 1996

Biography

Andromeda Metals Limited, together with its subsidiaries, operates as a mineral exploration company in Australia. The company explores for gold, lithium, and copper deposits. It holds interests in 21 explo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 10:31
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.

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