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NME

Nex Metals ExplorationsASX:NME Stock Report

Market Cap

AU$9.3m

7D

-10.3%

1Y

-45.3%

Updated

20 Oct, 2021

Data

Company Financials
NME fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends0/6

NME Overview

Nex Metals Explorations Limited engages in the exploration and mining of mineral properties.

Price History & Performance

Summary of all time highs, changes and price drops for Nex Metals Explorations
Historical stock prices
Current Share PriceAU$0.035
52 Week HighAU$0.025
52 Week LowAU$0.079
Beta-0.88
1 Month Change-16.67%
3 Month Change-20.46%
1 Year Change-45.31%
3 Year Change250.00%
5 Year Change133.33%
Change since IPO-85.42%

Recent News & Updates

Jan 12
Does Nex Metals Explorations' (ASX:NME) CEO Salary Compare Well With The Performance Of The Company?

Does Nex Metals Explorations' (ASX:NME) CEO Salary Compare Well With The Performance Of The Company?

This article will reflect on the compensation paid to Ken Allen who has served as CEO of Nex Metals Explorations...

Shareholder Returns

NMEAU Metals and MiningAU Market
7D-10.3%3.6%1.7%
1Y-45.3%11.3%20.2%

Return vs Industry: NME underperformed the Australian Metals and Mining industry which returned 11.3% over the past year.

Return vs Market: NME underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is NME's price volatile compared to industry and market?
NME volatility
NME Beta-0.88
Industry Beta0.97
Market Beta1

Stable Share Price: NME is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: NME's weekly volatility has decreased from 21% to 13% over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2007n/aKen Allenhttps://www.nexmetals.com

Nex Metals Explorations Limited engages in the exploration and mining of mineral properties. It explores for gold, nickel, and base metal ores. The company owns interests in the Yundamindera and the Kookynie gold projects located in the Eastern Goldfields, Western Australia.

Nex Metals Explorations Fundamentals Summary

How do Nex Metals Explorations's earnings and revenue compare to its market cap?
NME fundamental statistics
Market CapAU$9.35m
Earnings (TTM)-AU$1.46m
Revenue (TTM)n/a

0x

P/S Ratio

-6.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NME income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$1.46m
Earnings-AU$1.46m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0054
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did NME perform over the long term?

See historical performance and comparison

Valuation

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


In this section, we usually try to help investors determine whether Nex Metals Explorations is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Nex Metals Explorations has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Future Growth

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

0.7%

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 Nex Metals Explorations 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 Nex Metals Explorations performed over the past 5 years?

-39.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NME is currently unprofitable.

Growing Profit Margin: NME is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NME is unprofitable, and losses have increased over the past 5 years at a rate of 39.6% per year.

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

Earnings vs Industry: NME 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: NME's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is Nex Metals Explorations's financial position?


Financial Position Analysis

Short Term Liabilities: NME has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: NME has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: NME is debt free.

Reducing Debt: NME's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: NME has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: NME has less than a year of cash runway if free cash flow continues to reduce at historical rates of 33.2% each year


Dividend

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


Dividend Yield vs Market

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

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

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

14.3yrs

Average board tenure


CEO

Ken Allen (59 yo)

14.75yrs

Tenure

AU$133,594

Compensation

Mr. Kenneth Malcolme Allen, also known as Ken, B.Bus. (Curtin), PNA, FNTAA, FTIA, FAICD, has been the Managing Director of Nex Metals Explorations Ltd since April 2, 2007 and serves as its Company Secretar...


CEO Compensation Analysis

Compensation vs Market: Ken's total compensation ($USD99.88K) is below average for companies of similar size in the Australian market ($USD302.06K).

Compensation vs Earnings: Ken's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: NME's board of directors are seasoned and experienced ( 14.3 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.8%.


Top Shareholders

Company Information

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


Key Information

  • Name: Nex Metals Explorations Limited
  • Ticker: NME
  • Exchange: ASX
  • Founded: 2007
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$9.346m
  • Shares outstanding: 267.01m
  • Website: https://www.nexmetals.com

Location

  • Nex Metals Explorations Limited
  • 45 Guthrie Street
  • Osborne Park
  • Perth
  • Western Australia
  • 6017
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 07:04
End of Day Share Price2021/10/19 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.