LUNNON METALS LIMITED (LM8)
Share Price Analysis and Chart

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LM8 - LUNNON METALS LIMITED

FNArena Sector : Mining

Year End: June

GICS Industry Group : Materials

Debt/EBITDA: N/A

Index:

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$0.77 03 Oct 2023	-0.030 OPEN $0.75	-3.75% HIGH $0.77	43,232 LOW $0.75

LAST PRICE

CHANGE +/-

CHANGE %

VOLUME

$0.77

03 Oct
2023

-0.030

OPEN

$0.75

-3.75%

HIGH

$0.77

43,232

LOW

$0.75

TARGET

$1.30

68.8% upside

OTHER COMPANIES IN THE SAME SECTOR
5EA . AMN . APC . ARV . AZS . AZY . BML . CNB . COD . DRE . EM2 . G1A . HFR . KLL . KSN . LRS . PEX . PMT . QML . RTR . RXL . S2R . S32 . SVY .

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY21 Actual	FY22 Actual	FY23 Forecast	FY24 Forecast
EPS (cps)	xxx	- 4.5	- 9.6	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

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 © 2023 FactSet UK Limited. All rights reserved

Title	2020	2021	2022	2023
EPS Basic	xxx	xxx	xxx	-9.6
DPS All	xxx	xxx	xxx	0.0
Sales/Revenue	xxx	xxx	xxx	-
Book Value Per Share	xxx	xxx	xxx	26.4
Net Operating Cash Flow	xxx	xxx	xxx	-7.4 M
Net Profit Margin	xxx	xxx	xxx	-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title	2020	2021	2022	2023
Return on Capital Employed	xxx	xxx	xxx	-34.94 %
Return on Invested Capital	xxx	xxx	xxx	-34.92 %
Return on Assets	xxx	xxx	xxx	-33.28 %
Return on Equity	xxx	xxx	xxx	-34.94 %
Return on Total Capital	xxx	xxx	xxx	-36.37 %
Free Cash Flow ex dividends	xxx	xxx	xxx	-7.4 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	2020	2021	2022	2023
Short-Term Debt	xxx	xxx	xxx	0 M
Long Term Debt	xxx	xxx	xxx	0 M
Total Debt	xxx	xxx	xxx	0 M
Goodwill - Gross	xxx	xxx	xxx	-
Cash & Equivalents - Generic	xxx	xxx	xxx	20 M
Price To Book Value	xxx	xxx	xxx	3.60

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title	2020	2021	2022	2023
Capex	xxx	xxx	xxx	6.5 M
Capex % of Sales	xxx	xxx	xxx	-
Cost of Goods Sold	xxx	xxx	xxx	0 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	18 M
Research & Development	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	-

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

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Macquarie	18/08/2023	1	Outperform	$1.30	68.83%	Lunnon Metals has announced an $18m placement (it already has firm commitments at 90c a share) and a $2.5m share purchase plan (also at 90c) to fund exploration and study work at its Kambalda projects. Macquarie expects the company will be well funded post the raising, with $35m cash on hand and no debt. EPS forecasts fall -7% to -8% across FY24 to FY27 to reflect the equity dilution. Outperform rating retained. Target price falls -7% to $1.30 from $1.40. FORECAST Macquarie forecasts a full year FY23 dividend of 0.00 cents and EPS of minus -9.60 cents. Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -4.60 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Macquarie

18/08/2023

Outperform

$1.30

68.83%

Lunnon Metals has announced an $18m placement (it already has firm commitments at 90c a share) and a $2.5m share purchase plan (also at 90c) to fund exploration and study work at its Kambalda projects.

Macquarie expects the company will be well funded post the raising, with $35m cash on hand and no debt.

EPS forecasts fall -7% to -8% across FY24 to FY27 to reflect the equity dilution.

Outperform rating retained. Target price falls -7% to $1.30 from $1.40.

FORECAST
Macquarie forecasts a full year FY23 dividend of 0.00 cents and EPS of minus -9.60 cents.
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -4.60 cents.

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LM8 STOCK CHART

FNArena News on LM8

1	FNArena Corporate Results Monitor – 17-03-2023 Mar 17 2023 - Australia

2	Australian Broker Call Extra Edition – Oct 26, 2021 Oct 26 2021 - Daily Market Reports

3	Navigating The IPO Mine Field Jul 15 2021 - Weekly Reports

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Amount Invested	$
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LUNNON METALS LIMITED (LM8)
Share Price Analysis and Chart