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HAS

Hastings Technology MetalsASX:HAS Stock Report

Market Cap

AU$452.0m

7D

6.1%

1Y

116.7%

Updated

26 Sep, 2021

Data

Company Financials +
HAS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

HAS Overview

Hastings Technology Metals Limited engages in the exploration and development of rare earth deposits in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Hastings Technology Metals
Historical stock prices
Current Share PriceAU$0.26
52 Week HighAU$0.12
52 Week LowAU$0.27
Beta0.97
1 Month Change30.00%
3 Month Change57.58%
1 Year Change116.67%
3 Year Change36.84%
5 Year Change209.52%
Change since IPO-33.33%

Recent News & Updates

Shareholder Returns

HASAU Metals and MiningAU Market
7D6.1%-2.8%-0.9%
1Y116.7%10.0%24.4%

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.

Price Volatility

Is HAS's price volatile compared to industry and market?
HAS volatility
HAS Beta0.97
Industry Beta0.93
Market Beta1

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

FoundedEmployeesCEOWebsite
200621n/ahttps://www.hastingstechmetals.com

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

How do Hastings Technology Metals's earnings and revenue compare to its market cap?
HAS fundamental statistics
Market CapAU$452.00m
Earnings (TTM)-AU$4.24m
Revenue (TTM)n/a

0x

P/S Ratio

-107.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HAS income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$4.24m
Earnings-AU$4.24m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)-0.0024
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did HAS perform over the long term?

See historical performance and comparison

Valuation

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

>50%

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).


Future Growth

How is Hastings Technology Metals forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

65.3%

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.


Past Performance

How has Hastings Technology Metals performed over the past 5 years?

-37.8%

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.


Financial Health

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%.


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: 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


Dividend

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.


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Hastings Technology Metals has no CEO, or we have no data on them.


Leadership Team

Experienced Management: HAS's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: HAS's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 50.9%.


Top Shareholders

Company Information

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


Key Information

  • 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


Location

  • Hastings Technology Metals Limited
  • Westralia Plaza
  • Level 8
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/26 08:05
End of Day Share Price2021/09/24 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.