ADRIATIC METALS PLC (ADT)
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ADT - ADRIATIC METALS PLC

FNArena Sector : Gold & Silver
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: -7.24
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.22

21 Nov
2024

0.050

OPEN

$4.20

1.20%

HIGH

$4.25

4,444,587

LOW

$4.16

TARGET
$5.30 25.6% upside
OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . ALK . AMI . ASL . BC8 . BEZ . BGL . BTR . CAI . CEL . CMM . CNB . CVV . CYL . DEG . EMR . EVN . EVR . FFM . FFM . FND . GMD . GOR . GPR . HGO . IGO . KCN . KGL . MAU . MEI . NEM . NST . NVA . OBM . PDI . PNR . PRU . RMS . RRL . RSG . RXL . SBM . SMI . SPR . SSR . STM . STN . SVL . TBR . TCG . TRE . TTM . VAU . WAF . WGX .
FNARENA'S MARKET CONSENSUS FORECASTS
ADT: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 15.4 - 11.0 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: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-15.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx55.4
Net Operating Cash Flow xxxxxxxxxxxxxxx-35.1 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-27.13 %
Return on Invested Capital xxxxxxxxxxxxxxx-16.17 %
Return on Assets xxxxxxxxxxxxxxx-12.75 %
Return on Equity xxxxxxxxxxxxxxx-27.13 %
Return on Total Capital xxxxxxxxxxxxxxx-10.24 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-187.2 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx72 M
Long Term Debt xxxxxxxxxxxxxxx147 M
Total Debt xxxxxxxxxxxxxxx218 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx66 M
Price To Book Value xxxxxxxxxxxxxxx7.24

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx152.2 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx1 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx30 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

25/09/2024

1

Add

$5.30

25.59%

The operational update by Adriatic Metals was better-than-feared by Morgans as the Vares (silver-lead-zinc) project in Bosnia steadily ramps-up toward full capacity in early-2025.

While management trimmed 2024 ore production guidance, 2025 production guidance was reaffirmed offering good comfort for investors, suggests the analyst.

While costs are trending around 20% above definitive feasibility study (DFS) expectations, they are in line with the broker's expectations, and support first quartile, high-margin cash flows at full production.

The target falls to $5.30 from $5.80. Add.

FORECAST
Morgans forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -11.00 cents.
Morgans forecasts a full year FY25 dividend of 0.00 cents and EPS of 0.62 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

10/10/2024

1

Speculative Buy

$4.90

16.11%

Canaccord Genuity highlights gold and gold equities have consistently outperformed during quantitative easing cycles, noting recent actions by central banks in the US, the ECB, Bank of Canada, and Swiss National Bank.

The broker lists other positives for the gold price including increasing ETF inflows, rising US debt levels, and escalation of geopolitical conflicts.

Canaccord's long-term US$ gold price forecast (from 2030) rises by 9% to US$2,963/oz and across 2024-29 estimates rise by 10% on average.

However, less than 50% of the 19 producers under research coverage by the broker will produce meaningful free cash flow in the September quarter, somewhat lessening the impact of record gold prices.

Target prices for developers and explorers researched by Canaccord increase by 3% on average.

In the broker's list of explorers/developers, the target for Adriatic Metals rises to $4.90 from $4.80. The Speculative Buy rating is maintained.
Access Extra Coverage Research History >

ADT STOCK CHART

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