Hastings Technology Metals Limited engages in the exploration and development of rare earth deposits in Australia.
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Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.26|
|52 Week High||AU$0.12|
|52 Week Low||AU$0.27|
|1 Month Change||30.00%|
|3 Month Change||57.58%|
|1 Year Change||116.67%|
|3 Year Change||36.84%|
|5 Year Change||209.52%|
|Change since IPO||-33.33%|
Recent News & Updates
|HAS||AU Metals and Mining||AU Market|
Return vs Industry: HAS exceeded the Australian Metals and Mining industry which returned 10% over the past year.
Return vs Market: HAS exceeded the Australian Market which returned 24.4% over the past year.
Stable Share Price: HAS is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: HAS's weekly volatility (10%) has been stable over the past year.
About the Company
Hastings Technology Metals Limited engages in the exploration and development of rare earth deposits in Australia. It primarily holds interest in the Yangibana rare earths project with package covering an area of approximately 650 square kilometers located in the Gascoyne region of Western Australia; and the Brockman heavy rare earths project that comprises 10 prospecting licenses located in the East Kimberley region of Western Australia. The company was formerly known as Hastings Rare Metals Limited and changed its name to Hastings Technology Metals Limited in October 2015.
Hastings Technology Metals Fundamentals Summary
|HAS fundamental statistics|
Is HAS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HAS income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Dec 31, 2020
Next Earnings Date
|Earnings per share (EPS)||-0.0024|
|Net Profit Margin||0.00%|
How did HAS perform over the long term?See historical performance and comparison
Is Hastings Technology Metals undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HAS (A$0.26) is trading below our estimate of fair value (A$3.32)
Significantly Below Fair Value: HAS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HAS is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: HAS 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 HAS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HAS is overvalued based on its PB Ratio (3.5x) compared to the AU Metals and Mining industry average (2.6x).
How is Hastings Technology Metals forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HAS is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: HAS is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: HAS is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: HAS is forecast to have no revenue next year.
High Growth Revenue: HAS is forecast to have no revenue next year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HAS is forecast to be unprofitable in 3 years.
How has Hastings Technology Metals performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HAS is currently unprofitable.
Growing Profit Margin: HAS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HAS is unprofitable, and losses have increased over the past 5 years at a rate of 37.8% per year.
Accelerating Growth: Unable to compare HAS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HAS is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (44.4%).
Return on Equity
High ROE: HAS has a negative Return on Equity (-3.3%), as it is currently unprofitable.
How is Hastings Technology Metals's financial position?
Financial Position Analysis
Short Term Liabilities: HAS's short term assets (A$24.4M) exceed its short term liabilities (A$2.4M).
Long Term Liabilities: HAS's short term assets (A$24.4M) exceed its long term liabilities (A$74.0K).
Debt to Equity History and Analysis
Debt Level: HAS is debt free.
Reducing Debt: HAS has no debt compared to 5 years ago when its debt to equity ratio was 0.04%.
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: HAS has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: HAS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 48.5% each year
What is Hastings Technology Metals's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HAS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HAS'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 HAS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HAS'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 HAS's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Hastings Technology Metals has no CEO, or we have no data on them.
Experienced Management: HAS's management team is considered experienced (2.8 years average tenure).
Experienced Board: HAS's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 50.9%.
Hastings Technology Metals Limited's employee growth, exchange listings and data sources
- Name: Hastings Technology Metals Limited
- Ticker: HAS
- Exchange: ASX
- Founded: 2006
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$451.998m
- Shares outstanding: 1.74b
- Website: https://www.hastingstechmetals.com
Number of Employees
- Hastings Technology Metals Limited
- Westralia Plaza
- Level 8
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/26 08:05|
|End of Day Share Price||2021/09/24 00:00|
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.