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: 1.67
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.665

25 Sep
2023

-0.015

OPEN

$0.68

-2.21%

HIGH

$0.68

1,495,406

LOW

$0.67

TARGET
$0.79 18.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
A1M . AML . AR1 . CYM . FND . HGO . LEG . MGV . MLX . NCM . NWC . SFR . STM . TTM .
FNARENA'S MARKET CONSENSUS FORECASTS
29M: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx - 9.6 - 27.7 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 :

 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 © 2023 FactSet UK Limited. All rights reserved
Title 2019202020212022
EPS Basic xxxxxxxxx-9.6
DPS All xxxxxxxxx0.0
Sales/Revenue xxxxxxxxx714.0 M
Book Value Per Share xxxxxxxxx145.0
Net Operating Cash Flow xxxxxxxxx142.0 M
Net Profit Margin xxxxxxxxx-6.61 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2019202020212022
Return on Capital Employed xxxxxxxxx-6.36 %
Return on Invested Capital xxxxxxxxx-5.01 %
Return on Assets xxxxxxxxx-3.48 %
Return on Equity xxxxxxxxx-6.36 %
Return on Total Capital xxxxxxxxx-3.50 %
Free Cash Flow ex dividends xxxxxxxxx35.7 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 2019202020212022
Short-Term Debt xxxxxxxxx54 M
Long Term Debt xxxxxxxxx212 M
Total Debt xxxxxxxxx265 M
Goodwill - Gross xxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxx172 M
Price To Book Value xxxxxxxxx1.28

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 2019202020212022
Capex xxxxxxxxx113.6 M
Capex % of Sales xxxxxxxxx15.91 %
Cost of Goods Sold xxxxxxxxx722 M
Selling, General & Admin. Exp & Other xxxxxxxxx27 M
Research & Development xxxxxxxxx-
Investments - Total xxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Citi

31/08/2023

3

Neutral

$0.75

12.78%

29Metals June first-half result met Citi's forecasts and the company closed the half with a book value of $172m.

The announcement of a $151m (1 for 2.20) entitlement offer at 69c (219.1m shares) was the big news, although Citi posits it had been on the cards. The broker suspects there may be some resentment from shareholders that it wasn't announced earlier in the year when the share price was higher. The raising is underwritten.

The company also received debt covenant relief to June 2024 and the company says it is full funded.

2023 guidance is steady save for an easing in depreciation and amortisation. EPS forecast fall to reflect the dilution.

Neutral rating retained. Target price falls to 75c from 85c.

FORECAST
Citi forecasts a full year FY23 dividend of 0.00 cents and EPS of minus -29.80 cents.
Citi forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -6.20 cents.

Macquarie

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 – 22-09-23

Sep 25 2023 - Weekly Reports
2
FNArena Corporate Results Monitor – 31-08-2023

Aug 31 2023 - Australia
3
Australian Broker Call *Extra* Edition – Aug 22, 2023

Aug 22 2023 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Jul 27, 2023

Jul 27 2023 - Daily Market Reports
5
The Short Report – 27 Jul 2023

Jul 27 2023 - Weekly Reports

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May 25 2022 - Technicals
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May 05 2022 - Technicals
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Dec 16 2021 - Treasure Chest
10
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Oct 13 2021 - Technicals