29METALS LIMITED (29M)
Share Price Analysis and Chart

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29M - 29METALS LIMITED

FNArena Sector : Copper
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: -15.4
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.415

02 Jul
2024

-0.015

OPEN

$0.43

-3.49%

HIGH

$0.44

915,759

LOW

$0.42

TARGET
$0.58 39.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
A1M . AML . AR1 . CNB . CSC . CVV . CYM . FFM . FND . HGO . LEG . MAC . MLX . NEM . NWC . RXM . SFR . STM . TTM .
FNARENA'S MARKET CONSENSUS FORECASTS
29M: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 79.9 - 7.4 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 15/09 - ex-div 2c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 20192020202120222023
EPS Basic xxxxxxxxxxxx-79.9
DPS All xxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxx449.3 M
Book Value Per Share xxxxxxxxxxxx60.2
Net Operating Cash Flow xxxxxxxxxxxx-57.4 M
Net Profit Margin xxxxxxxxxxxx-98.04 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20192020202120222023
Return on Capital Employed xxxxxxxxxxxx-77.41 %
Return on Invested Capital xxxxxxxxxxxx-58.68 %
Return on Assets xxxxxxxxxxxx-34.90 %
Return on Equity xxxxxxxxxxxx-77.41 %
Return on Total Capital xxxxxxxxxxxx-16.97 %
Free Cash Flow ex dividends xxxxxxxxxxxx-138.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 20192020202120222023
Short-Term Debt xxxxxxxxxxxx120 M
Long Term Debt xxxxxxxxxxxx151 M
Total Debt xxxxxxxxxxxx271 M
Goodwill - Gross xxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxx162 M
Price To Book Value xxxxxxxxxxxx1.07

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20192020202120222023
Capex xxxxxxxxxxxx84.9 M
Capex % of Sales xxxxxxxxxxxx18.91 %
Cost of Goods Sold xxxxxxxxxxxx548 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxx43 M
Research & Development xxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.4

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

24/06/2024

1

Overweight

$0.55

32.53%

Into the 3Q of 2024, Morgan Stanley is forecasting metallurgical coal supply tightness and demand support from India, and downside for lithium pricing on oversupply concerns.

Iron ore prices are forecast to rebound into the 4Q and gold should experience ongoing 2H support, buoyed by central bank buying and falling real yields, explains the broker.

Copper demand continues to accelerate driven by grid spend and the case for aluminum prices is compelling as cost curves rise, explain the analysts.

The Overweight rating and 55c target for 29Metals are unchanged after the broker raises copper and zinc earnings forecasts but also adjusts the Capricorn Copper risk weighting to 50% from 100%. Industry View: Attractive.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -14.00 cents.
Morgan Stanley forecasts a full year FY25 dividend of 0.00 cents and EPS of 3.00 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

29M STOCK CHART

FNArena News on 29M

1
Weekly Ratings, Targets, Forecast Changes – 24-05-24

May 27 2024 - Weekly Reports
2
Australian Broker Call *Extra* Edition – May 03, 2024

May 03 2024 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Apr 30, 2024

Apr 30 2024 - Daily Market Reports
4
Material Matters: Pressure On Dividends, Steel & Iron Ore

Apr 04 2024 - Commodities
5
Weekly Ratings, Targets, Forecast Changes – 28-03-24

Apr 02 2024 - Weekly Reports

Latest Copper News

1
Listen To What Dr. Copper Has To Say

Jun 06 2024 - Technicals
2
Copper: Due A Breather

Apr 17 2024 - Technicals
3
Preparing For Copper Price Upside

Mar 26 2024 - Commodities
4
Copper: Stay Out For Now

Aug 24 2023 - Technicals
5
Copper: It’s Now Or Never

Jun 22 2023 - Technicals
6
Copper Super Cycle Temporarily On Halt

Sep 09 2022 - Commodities
7
Global Net Zero Target Faces Copper Shortage

Aug 24 2022 - Commodities
8
Copper: Buyers Required

Jun 29 2022 - Technicals
9
Inflation Drives Declines at OZ Minerals

Jun 29 2022 - Australia
10
Copper: Longer Term Bullish

May 25 2022 - Technicals