LM8

Lunnon MetalsASX:LM8 Stock Report

Market Cap

AU$56.5m

7D

-2.4%

1Y

n/a

Updated

26 Oct, 2021

Data

Company Financials
LM8 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

LM8 Overview

Lunnon Metals Limited focuses on the exploration of nickel and gold in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Lunnon Metals
Historical stock prices
Current Share PriceAU$0.40
52 Week HighAU$0.37
52 Week LowAU$0.70
Beta0
1 Month Change-13.04%
3 Month Change-23.08%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-5.88%

Recent News & Updates

Shareholder Returns

LM8AU Metals and MiningAU Market
7D-2.4%-0.4%0.8%
1Yn/a15.6%24.4%

Return vs Industry: Insufficient data to determine how LM8 performed against the Australian Metals and Mining industry.

Return vs Market: Insufficient data to determine how LM8 performed against the Australian Market.

Price Volatility

Is LM8's price volatile compared to industry and market?
LM8 volatility
LM8 Beta0
Industry Beta0.97
Market Beta1

Stable Share Price: LM8 is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: Insufficient data to determine LM8's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2014n/aEd Ainscoughhttps://www.lunnonmetals.com.au

Lunnon Metals Limited focuses on the exploration of nickel and gold in Australia. It holds 100% interest in the Kambalda Nickel project, which comprises 19 contiguous mining tenements located within the Kambalda Nickel District, Eastern Goldfields, Western Australia. The company was formerly known as ACH Nickel Pty Ltd and changed its name to Lunnon Metals Limited in February 2021.

Lunnon Metals Fundamentals Summary

How do Lunnon Metals's earnings and revenue compare to its market cap?
LM8 fundamental statistics
Market CapAU$56.50m
Earnings (TTM)-AU$2.53m
Revenue (TTM)n/a

0x

P/S Ratio

-22.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LM8 income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$2.53m
Earnings-AU$2.53m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.018
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did LM8 perform over the long term?

See historical performance and comparison

Valuation

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

2.07x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate LM8's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate LM8's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: LM8 is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: LM8 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 LM8's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LM8 is good value based on its PB Ratio (2.1x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.5%

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 Lunnon 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 Lunnon Metals performed over the past 5 years?

-74.8%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: LM8 is currently unprofitable.

Growing Profit Margin: LM8 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if LM8's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare LM8's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: LM8 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: LM8 has a negative Return on Equity (-9.26%), as it is currently unprofitable.


Financial Health

How is Lunnon Metals's financial position?


Financial Position Analysis

Short Term Liabilities: LM8's short term assets (A$14.1M) exceed its short term liabilities (A$666.2K).

Long Term Liabilities: LM8's short term assets (A$14.1M) exceed its long term liabilities (A$23.4K).


Debt to Equity History and Analysis

Debt Level: LM8 is debt free.

Reducing Debt: LM8 had no debt 5 years ago.

Debt Coverage: LM8 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: LM8 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate LM8's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate LM8'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 LM8's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if LM8'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 LM8'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?

3.8yrs

Average board tenure


CEO

Ed Ainscough

no data

Tenure

AU$301,125

Compensation

Mr. Edmund Joseph Ainscough, also known as Ed, BSC Hons (Geology), MAusIMM, FGS (London), FGeolSoc, is Managing Director at LUNNON METALS LIMITED and has been its Director since January 22, 2015. He serves...


CEO Compensation Analysis

Compensation vs Market: Ed's total compensation ($USD225.73K) is about average for companies of similar size in the Australian market ($USD301.38K).

Compensation vs Earnings: Ed's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: LM8's board of directors are considered experienced (3.8 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.


Ownership Breakdown

Dilution of Shares: LM8 only recently listed within the past 12 months.


Top Shareholders

Company Information

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


Key Information

  • Name: Lunnon Metals Limited
  • Ticker: LM8
  • Exchange: ASX
  • Founded: 2014
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$56.499m
  • Shares outstanding: 141.25m
  • Website: https://www.lunnonmetals.com.au

Location

  • Lunnon Metals Limited
  • 11 Ventnor Avenue
  • Suite 5
  • West 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 Analysis2021/10/26 16:31
End of Day Share Price2021/10/26 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.