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DM1

Desert MetalsASX:DM1 Stock Report

Market Cap

AU$17.5m

7D

9.5%

1Y

n/a

Updated

21 Oct, 2021

Data

Company Financials
DM1 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

DM1 Overview

Desert Metals Limited explores for mineral properties in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Desert Metals
Historical stock prices
Current Share PriceAU$0.32
52 Week HighAU$0.26
52 Week LowAU$0.91
Beta0
1 Month Change5.83%
3 Month Change-36.50%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-38.94%

Recent News & Updates

Jul 08
We're Hopeful That Desert Metals (ASX:DM1) Will Use Its Cash Wisely

We're Hopeful That Desert Metals (ASX:DM1) Will Use Its Cash Wisely

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Mar 18
We're Not Very Worried About Desert Metals' (ASX:DM1) Cash Burn Rate

We're Not Very Worried About Desert Metals' (ASX:DM1) Cash Burn Rate

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...

Shareholder Returns

DM1AU Metals and MiningAU Market
7D9.5%-0.3%0.7%
1Yn/a12.5%21.4%

Return vs Industry: Insufficient data to determine how DM1 performed against the Australian Metals and Mining industry.

Return vs Market: Insufficient data to determine how DM1 performed against the Australian Market.

Price Volatility

Is DM1's price volatile compared to industry and market?
DM1 volatility
DM1 Beta0
Industry Beta0.97
Market Beta1

Stable Share Price: DM1 is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 17% a week.

Volatility Over Time: DM1's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2017n/aRob Stuarthttps://www.desertmetals.com.au

Desert Metals Limited explores for mineral properties in Australia. The company primarily explores for nickel, copper, gold, lead, zinc, and platinum group elements deposits. It owns interest in the Narryer project that includes nine granted exploration licenses covering an area of approximately 1,700 square kilometers located on the northwest margin of the Yilgarn Craton in Western Australia.

Desert Metals Fundamentals Summary

How do Desert Metals's earnings and revenue compare to its market cap?
DM1 fundamental statistics
Market CapAU$17.46m
Earnings (TTM)-AU$1.20m
Revenue (TTM)n/a

0x

P/S Ratio

-14.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DM1 income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$1.20m
Earnings-AU$1.20m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.022
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did DM1 perform over the long term?

See historical performance and comparison

Valuation

Is Desert Metals undervalued compared to its fair value and its price relative to the market?

3.21x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate DM1's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate DM1's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: DM1 is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: DM1 is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DM1's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DM1 is overvalued based on its PB Ratio (3.2x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.07%

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 Desert 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.


Past Performance

How has Desert Metals performed over the past 5 years?

-2,612.1%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: DM1 is currently unprofitable.

Growing Profit Margin: DM1 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if DM1's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare DM1's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DM1 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: DM1 has a negative Return on Equity (-22.03%), as it is currently unprofitable.


Financial Health

How is Desert Metals's financial position?


Financial Position Analysis

Short Term Liabilities: DM1's short term assets (A$3.8M) exceed its short term liabilities (A$274.3K).

Long Term Liabilities: DM1 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: DM1 is debt free.

Reducing Debt: DM1 has not had any debt for past 5 years.


Balance Sheet


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: DM1 has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: DM1 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 78.7% each year


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate DM1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DM1's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DM1's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DM1'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 DM1's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average board tenure


CEO

Rob Stuart

no data

Tenure

Dr. Robert Angus Castle Stuart, also known as Rob, serves as Managing Director of Desert Metals Limited and has been its Director since March 29, 2017. Dr. Stuart is a geoscientist who has worked in minera...


Board Members

Experienced Board: DM1's board of directors are considered experienced (3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: DM1 only recently listed within the past 12 months.


Top Shareholders

Company Information

Desert Metals Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Desert Metals Limited
  • Ticker: DM1
  • Exchange: ASX
  • Founded: 2017
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$17.463m
  • Shares outstanding: 55.00m
  • Website: https://www.desertmetals.com.au

Location

  • Desert Metals Limited
  • 41 - 43 Ord Street
  • Level 2
  • Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:22
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.