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: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.71

08 Jun
2023

0.000

OPEN

$0.70

0.000

HIGH

$0.71

2,911,034

LOW

$0.68

TARGET
$1.025 44.4% 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 - 9.8 - 24.8 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-9.8
DPS All xxxxxxxxx0.0
Sales/Revenue xxxxxxxxx714.0 M
Book Value Per Share xxxxxxxxx148.7
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

0.0

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Citi

24/05/2023

3

Neutral/High Risk

$1.10

54.93%

While the outlook for the re-start of Capricorn Copper is unchanged, Citi notes the medium-term outlook for Golden Grove is below expectations, with a number of factors cited including reserve and cut-off grade assumptions, development rates, and mine sequencing.

29Metals has explained the metal is just deferred past 2027, which the broker finds not entirely convincing. Citi suggests it is hard for the market to ascribe value to exploration upside and the "copper assets are scarce" pitch.

Neutral (High Risk) retained. Target is reduced to $1.10 from $1.20.

FORECAST
Citi forecasts a full year FY23 dividend of 0.00 cents and EPS of minus -15.30 cents.
Citi forecasts a full year FY24 dividend of 2.00 cents and EPS of 7.30 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >

29M STOCK CHART

FNArena News on 29M

1
Australian Broker Call *Extra* Edition – May 31, 2023

May 31 2023 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – May 26, 2023

May 26 2023 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – May 08, 2023

May 08 2023 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Apr 19, 2023

Apr 19 2023 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 31-03-23

Apr 03 2023 - Weekly Reports

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7
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Dec 16 2021 - Treasure Chest
8
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10
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Jul 28 2021 - Australia