ASX:HAS

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Hastings Technology Metals

Market Cap

AU$347.7m

Last Updated

2021/08/01 08:02 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Excellent balance sheet with moderate growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: HAS is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: HAS's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

11.1%

HAS

2.4%

AU Metals and Mining

-0.1%

AU Market


1 Year Return

42.9%

HAS

36.0%

AU Metals and Mining

27.3%

AU Market

Return vs Industry: HAS exceeded the Australian Metals and Mining industry which returned 36% over the past year.

Return vs Market: HAS exceeded the Australian Market which returned 27.3% over the past year.


Shareholder returns

HASIndustryMarket
7 Day11.1%2.4%-0.1%
30 Day11.1%7.2%0.9%
90 Day11.1%10.2%4.5%
1 Year42.9%42.9%43.1%36.0%31.9%27.3%
3 Year-13.0%-13.0%89.3%63.9%32.7%16.8%
5 Year150.0%150.0%155.7%112.2%62.5%31.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.88x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


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 good value based on its PB Ratio (1.9x) 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?

65.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HAS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: HAS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: HAS's is expected to become profitable in the next 3 years.

Revenue vs Market: Insufficient data to determine if HAS's revenue is forecast to grow faster than the Australian market.

High Growth Revenue: Insufficient data to determine if HAS's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HAS's Return on Equity is forecast to be low in 3 years time (1.5%).


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 (20.2%).


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: Insufficient data to determine if HAS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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?

2.7yrs

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 (2.7 years average tenure).


Board Members

Experienced Board: HAS's board of directors are not considered experienced ( 2.7 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 68.1%.


Top Shareholders

Company Information

Hastings Technology Metals Limited's company bio, 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$347.691m
  • 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


Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/01 08:02
End of Day Share Price2021/07/30 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.