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

$0.515

07 Oct
2024

0.025

OPEN

$0.51

5.10%

HIGH

$0.53

1,331,309

LOW

$0.50

TARGET
$0.533 3.4% 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 - 11.1 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

0.5

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx/xxxx xxxx

$xx.xx

xx.xx%

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Morgan Stanley

28/08/2024

1

Overweight

$0.55

6.80%

A brief response to 29Metals' result from Morgan Stanley notes revenues missed the broker's forecast while earnings came in better than expected. Operating cash flow exceeded the broker, leading to a 34% beat on free cash flow.

Overweight and 55c target retained. Industry view: Attractive.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -9.00 cents.
Morgan Stanley forecasts a full year FY25 dividend of 0.00 cents and EPS of 4.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Jarden

04/09/2024

4

Underweight

$0.33

-35.92%

29Metals disclosed a messy set of first half accounts, Jarden suggests, impacted by the decision again to suspend operations and take further impairments at Capricorn Copper.

Pleasingly for the broker, Golden Grove delivered positive earnings, supported by improved production and favourable copper and zinc prices, highlighting the potential of the asset at elevated base metal prices.

Addressing the balance sheet is likely to remain a priority, Jarden notes, with a restart of Capricorn unlikely in the near term. Underweight and 33c target retained in recognition of forecast ongoing cash burn and the potential for equity dilution.

FORECAST
Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -10.20 cents.
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 2.50 cents.
Access Extra Coverage Research History >

29M STOCK CHART

FNArena News on 29M

1
Australian Broker Call *Extra* Edition – Sep 04, 2024

Sep 04 2024 - Daily Market Reports
2
FNArena Corporate Results Monitor – 28-08-2024

Aug 28 2024 - Australia
3
Material Matters: Nickel, Copper & Gold

Aug 13 2024 - Commodities
4
In Case You Missed It – BC Extra Upgrades & Downgrades – 02-08-24

Aug 02 2024 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Aug 01, 2024

Aug 01 2024 - Daily Market Reports

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