Meteoric Resources Future Growth

Future criteria checks 2/6

Meteoric Resources is forecast to grow earnings and revenue by 48.6% and 71.9% per annum respectively. EPS is expected to grow by 42.9% per annum. Return on equity is forecast to be -18% in 3 years.

Key information

48.6%

Earnings growth rate

42.9%

EPS growth rate

Metals and Mining earnings growth	28.9%
Revenue growth rate	71.9%
Future return on equity	-18.0%
Analyst coverage	Good
Last updated	16 Dec 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:RNF - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	8	-22	-348	-30	3
6/30/2026	0	-20	-283	-20	5
6/30/2025	0	-18	-25	-21	5
6/30/2024	1	-45	-35	-34	N/A
3/31/2024	0	-53	-33	-32	N/A
12/31/2023	N/A	-60	-30	-30	N/A
9/30/2023	N/A	-49	-23	-23	N/A
6/30/2023	N/A	-38	-16	-16	N/A
3/31/2023	N/A	-21	-10	-10	N/A
12/31/2022	N/A	-4	-5	-5	N/A
9/30/2022	N/A	-4	-5	-5	N/A
6/30/2022	N/A	-3	-5	-5	N/A
3/31/2022	N/A	-5	-6	-5	N/A
12/31/2021	N/A	-7	-6	-6	N/A
9/30/2021	N/A	-8	-7	-7	N/A
6/30/2021	N/A	-9	-7	-7	N/A
3/31/2021	0	-8	-7	-7	N/A
12/31/2020	0	-7	-7	-7	N/A
9/30/2020	0	-7	-7	-6	N/A
6/30/2020	N/A	-7	-7	-6	N/A
3/31/2020	0	-7	-6	-5	N/A
12/31/2019	0	-7	-6	-5	N/A
9/30/2019	0	-6	-4	-3	N/A
6/30/2019	0	-4	-3	-2	N/A
3/31/2019	0	-3	-3	-3	N/A
12/31/2018	0	-2	-3	-3	N/A
9/30/2018	0	-5	-3	-3	N/A
6/30/2018	N/A	-7	-3	-3	N/A
3/31/2018	0	-6	N/A	-2	N/A
12/31/2017	0	-6	N/A	-2	N/A
9/30/2017	0	-3	N/A	-1	N/A
6/30/2017	0	0	N/A	0	N/A
3/31/2017	0	-1	N/A	0	N/A
12/31/2016	0	-1	N/A	0	N/A
9/30/2016	0	-1	N/A	0	N/A
6/30/2016	0	-1	N/A	0	N/A
3/31/2016	0	-1	N/A	0	N/A
12/31/2015	N/A	-1	N/A	0	N/A
9/30/2015	0	0	N/A	0	N/A
6/30/2015	0	0	N/A	0	N/A
3/31/2015	0	-1	N/A	0	N/A
12/31/2014	0	-1	N/A	0	N/A
9/30/2014	0	-1	N/A	0	N/A
6/30/2014	0	-1	N/A	0	N/A
3/31/2014	0	-1	N/A	0	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RNF is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: RNF is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: RNF is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: RNF's revenue (71.9% per year) is forecast to grow faster than the German market (5.7% per year).

High Growth Revenue: RNF's revenue (71.9% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: RNF is forecast to be unprofitable in 3 years.

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/29 08:39
End of Day Share Price	2024/12/27 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Meteoric Resources NL is covered by 7 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mollie Urquhart	Barrenjoey Markets Pty Limited
Regan Burrows	Bell Potter
Reg Spencer	Canaccord Genuity

Meteoric Resources Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Meteoric Resources Announces to Recommence Drilling At Juruena Project by Next Week

Recent updates

Meteoric Resources NL Appoints Stuart Gale as Director

WIN Metals Ltd (ASX:WIN) completed the acquisition of Palm Springs Gold Project from Meteoric Resources NL (ASX:MEI) for AUD 5 million.

Meteoric Resources NL has completed a Follow-on Equity Offering in the amount of AUD 0.42005 million.

WIN Metals Ltd (ASX:WIN) signed a tenement sale agreement to acquire Palm Springs Gold Project from Meteoric Resources NL (ASX:MEI) for AUD 5 million.

Meteoric Resources NL, Annual General Meeting, Oct 22, 2024

Meteoric Resources NL has filed a Follow-on Equity Offering in the amount of AUD 5 million.

Meteoric Resources NL has filed a Follow-on Equity Offering in the amount of AUD 5 million.

New major risk - Financial position

Meteoric Resources NL, Annual General Meeting, Nov 17, 2023

New major risk - Revenue and earnings growth

Meteoric Resources NL Announces Caldeira Project Drilling to Commence

Non-Executive Technical Director recently bought €159k worth of stock

Meteoric Resources NL acquired Caldeira Project in Brazil.

Meteoric Resources NL acquired Caldeira Project in Brazil.

Meteoric Resources NL Completes Drilling Program At Palm Springs

Meteoric Resources NL Announces Resignation of Shastri Ramnath as Non- Executive Director

No independent directors

Meteoric Resources NL Announces Drilling Underway at Palm Springs, WA

Keystone Resources Ltd completed the acquisition of Juruena Gold Project from Meteoric Resources NL (ASX:MEI).

Meteoric Resources NL, Annual General Meeting, Nov 23, 2022

Meteoric Resources NL Announces Results from Induced Polarisation Survey for Its Palm Springs Gold Project

Meteoric Resources NL Announces Field Season Commences at Palm Springs Gold Project

Keystone Resources Ltd has executed a legally binding Agreement to acquire Juruena Gold Project from Meteoric Resources NL (ASX:MEI) for $22 million.

No independent directors

Meteoric Resources NL Announces Confirmation of Exceptional Gold Recoveries at Butchers Creek

Meteoric Resources NL Announces the Initial Results of Metallurgical Test Work Carried Out on Recently Drilled Core from the Sulphide Zone At the Butchers Creek Deposit

Meteoric Resources NL Provides Update in Thick Gold Mineralised Zones At Butchers Creek

Meteoric Resources NL Provides an Update Regarding its Ongoing Drilling for Porphyry Copper Targets At the Juruena Project in Brazil

Meteoric Announces Drilling Updates

Meteoric Resources Nl Announces Significant Increase in Juruena Resource

Meteoric Resources NL Announces Maiden Mineral Resource Estimate for the Palm Springs Gold Project

Meteoric Resources Nl Announces Juruena Deep Drilling Confirms Porphyry System

Meteoric Resources NL Announces Update on 2021 Exploration Drilling Program At Palm Springs

Meteoric Resources NL Announces Porphyry Drilling Update, Juruena Project, Brazil

Meteoric Resources Announces to Recommence Drilling At Juruena Project by Next Week

Meteoric Resources Announces Deep Drilling Reaches Top of Copper Gold Porphyry Target

Meteoric Resources NL Announces Palm Springs Gold Project, Western Australia

Meteoric Resources NL Announces Commencement of Deep Drilling on Copper-Gold Porphyry Target

Meteoric Resources Nl Announces Outstanding Final Assays Extend Palm Springs Continuity

Meteoric Resources Nl Announces Plans to Commence its 2021 Brazilian Drilling Program

Meteoric Resources NL announced that it expects to receive AUD 4 million in funding

Rafaella Resources Limited (ASX:RFR) completed the acquisition of Midrim and LaForce projects from Meteoric Resources NL (ASX:MEI).

Meteoric Resources NL Updates Juruena Delivers More Bonanza Gold Above 90g/t Au

Rafaella Resources Limited (ASX:RFR) entered into an agreement to acquire Midrim and LaForce projects from Meteoric Resources NL (ASX:MEI) for AUD 0.86 million.