Neometals Ltd (NMT) AI Stock Analysis

• Market Cap: AU$46.17M
• Dividend Yield: N/A
• Average Volume (3M): 605.08K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.49
• Revenue Growth: N/A
• EPS Growth: -23.51%
• Country: AU
• Employees: 6
• Sector: Basic Materials
• Sector Strength: 59
• Industry: Waste Management
• EPS (TTM): -0.09
• Shares Outstanding: 769,425,100
• 10 Day Avg. Volume: 372,406
• 30 Day Avg. Volume: 605,082
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -397.40
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Neometals Ltd's overall stock score is heavily influenced by its poor financial performance, characterized by significant net losses and no revenue generation. The technical analysis offers neutral insights, with no strong upward or downward momentum. Valuation metrics are weak, with a negative P/E ratio and no dividend yield. These factors collectively contribute to the low overall score, indicating significant challenges for the company in improving its stock performance.

Neometals Ltd Business Overview & Revenue Model

Company Description

Neometals Ltd (NMT) is an Australian-based company focused on developing and commercializing mineral and advanced materials projects with a particular emphasis on sustainability and the circular economy. The company is involved in the exploration and development of lithium, titanium, vanadium, and other critical minerals that are essential for battery production, electric vehicles, and other high-tech applications.

How the Company Makes Money

Neometals Ltd generates revenue through the development and commercialization of its mineral projects. The company's key revenue streams include the sale of extracted minerals, licensing of its proprietary technologies, and joint ventures with strategic partners. Neometals has established significant partnerships to enhance its production capabilities and market reach, such as those with battery manufacturers and technology companies. Additionally, the company invests in sustainable practices and recycling technologies to optimize resource recovery, which contributes to its earnings by reducing production costs and generating additional income from recycling activities.

Neometals Ltd Financial Statement Overview

Summary

Neometals Ltd faces significant financial challenges, with consistent net losses and no revenue generation, indicating operational inefficiencies. The balance sheet shows limited leverage, but declining equity and asset values suggest potential financial instability. Negative free cash flow and operating cash flow deficits further highlight liquidity risks. Overall, the company needs to address its operational and financial strategies to enhance profitability and sustainability.

Income Statement

Neometals Ltd reported no revenue across the examined periods, indicating a lack of operational income. The company has consistently incurred significant net losses, with a worsening trend in net income from -$14.55 million in 2020 to -$69.11 million in 2024. This trend highlights a challenging financial performance with increasing expenses and declining profitability, reflected in negative EBIT and EBITDA margins.

Balance Sheet

Neometals Ltd maintains a relatively low level of debt compared to its equity, with a debt-to-equity ratio of 0.11 in 2024, suggesting limited leverage. However, the equity ratio has decreased from 87.49% in 2020 to 86.58% in 2024, implying a decline in the proportion of equity financing. Despite the low debt levels, the company's declining equity base and total assets present potential risks to financial stability.

Cash Flow

The company has experienced negative operating cash flow consistently, with a significant free cash flow deficit of -$17.52 million in 2024, down from -$12.55 million in 2021. This trend reflects the challenges in generating cash from operations and maintaining sufficient cash reserves. Although operating cash flow improved slightly from -$19.37 million in 2023 to -$13.06 million in 2024, the overall negative cash flow trajectory raises concerns about liquidity and operational sustainability.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-246.36K	-491.18K	-523.02K	-457.13K	-598.61K	-754.97K
	EBIT
-12.72M	-9.60M	-22.36M	-23.19M	-15.76M	-16.11M
	EBITDA
-19.43M	-15.85M	-21.84M	-14.51M	21.82M	-19.02M
	Net Income Common Stockholders
-59.51M	-69.11M	-34.80M	-11.17M	16.34M	-14.55M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
21.24K	9.65M	25.20M	62.39M	95.84M	78.24M
	Total Assets
145.88K	42.13M	114.27M	146.98M	170.23M	149.02M
	Total Debt
0.00	4.11M	937.67K	371.76K	699.91K	1.22M
	Net Debt
-19.29K	-4.99M	-23.50M	-59.79M	-93.20M	-75.82M
	Total Liabilities
34.01K	5.66M	20.75M	20.39M	23.46M	19.46M
	Stockholders Equity
105.21K	36.48M	93.52M	126.60M	146.77M	129.55M
Cash Flow		Free Cash Flow
-5.01M	-17.52M	-25.80M	-30.21M	-12.55M	-20.18M
	Operating Cash Flow
-5.01M	-13.06M	-19.37M	-24.87M	-10.87M	-11.50M
	Investing Cash Flow
-4.72M	-12.63M	-15.98M	-12.65M	28.42M	-9.38M
	Financing Cash Flow
-612.49K	10.36M	-366.23K	3.66M	-642.63K	-11.54M

Neometals Ltd Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NMT, the sentiment is Neutral. The current price of 0.06 is above the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.07, and below the 200-day MA of 0.08, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.31 is Neutral, neither overbought nor oversold. The STOCH value of 42.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:NMT.

Neometals Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LYC	59 Neutral	$7.75B	152.39	2.27%	―	-20.07%	-74.91%
IGO	58 Neutral	AU$2.76B	1,418.92	-36.53%	10.51%	-28.50%	-532.61%
SYA	52 Neutral	$219.32M	―	-17.81%	―	87.89%	-344.44%
Sector *	49 Neutral	$1.95B	-1.50	-22.00%	3.79%	0.66%	-27.40%
MIN	48 Neutral	$3.56B	50.78	-33.95%	4.54%	2.22%	-411.10%
PLS	46 Neutral	$4.78B	23.42	-1.04%	―	-65.07%	-102.37%
NMT	37 Underperform	AU$46.17M	―	-46.99%	―	―	-23.51%

Neometals Ltd Corporate Events

Neometals Expands into Gold Exploration to Hedge Against Battery Market Volatility

Neometals Ltd has announced a strategic shift towards gold exploration and development at its Barrambie Gold Project in Western Australia. This initiative aims to generate early-stage cash flow and diversify the company’s commodity exposure, serving as a hedge against volatility in the battery metals market. The company is focusing on the Ironclad Prospect, leveraging existing infrastructure and strategic partnerships to advance mining and processing. This gold strategy is intended to complement Neometals’ existing focus on battery materials, enhancing financial resilience and broadening revenue sources.

Neometals Advances Barrambie Gold Exploration with Promising Drilling Results

Neometals Ltd has announced the results of its inaugural RC drilling program at the Barrambie Gold Project, specifically focusing on the Ironclad prospect and Mystery North target. The drilling results have confirmed and extended the gold mineralization previously identified in historic data, with significant intercepts reported. The company is advancing with technical studies and planning further drilling to estimate a gold Mineral Resource by 2025. This development positions Neometals to potentially expand its gold exploration activities and enhance its market presence in the gold mining sector.

Neometals Advances Sustainable Processing Solutions with Key Projects and Strategic Developments

Neometals Ltd has reported its half-year financial results for the period ending December 31, 2024, highlighting significant progress in its sustainable processing solutions. The company is advancing its Lithium-ion Battery Recycling technology in collaboration with SMS group GmbH, with a plant for Mercedes-Benz currently being commissioned. Neometals is also progressing its Lithium Chemicals and Vanadium Recovery projects, aiming for low-cost production and technology licensing. The divestment of the Barrambie Titanium and Vanadium project is underway, while exploration plans for Barrambie Gold are set for early 2025. These developments position Neometals as a key player in sustainable resource recovery, with potential implications for stakeholders in terms of technological advancements and market expansion.

Neometals Appoints New Joint Company Secretaries to Strengthen Leadership

Neometals Ltd has appointed Mr. Mark Boyne and Mr. Giuliano Giordani as Joint Company Secretaries, effective February 20, 2025. This move allows Mr. Christopher Kelsall to focus on his role as Chief Financial Officer and the company’s key financing and commercial initiatives. The appointment brings significant industry experience to the company’s leadership, potentially enhancing Neometals’ operational efficiencies and strategic focus. This development is likely to strengthen the company’s industry positioning by leveraging the expertise of its newly appointed secretaries in legal and financial management, supporting Neometals’ ongoing growth and strategic business goals.

Neometals Advances Exploration at Barrambie Gold Project

Neometals has released information regarding its Barrambie Gold Project, highlighting the exploration results and targets for gold mineralization in Western Australia. The company is reviewing historical exploration data and emphasizes that while the exploration results are promising, further exploration and validation are needed to confirm these findings under current standards. This announcement underscores Neometals’ strategic focus on expanding its resource base, which could enhance its positioning in the gold and titanium markets, potentially impacting its stakeholders positively if the results are validated and developed further.

Neometals Secures Additional EU Funding for Finnish Vanadium Project

Neometals Ltd announced the receipt of a second tranche of funding from EIT RawMaterials, an EU co-funded group, for the Finnish Vanadium Recovery Project (VRP1). This investment underlines EIT RawMaterials’ commitment to accelerating raw materials innovation in Europe and supports technical work programs essential for the project’s development. The funding aims to enhance Neometals’ industry positioning as a leading player in sustainable vanadium production, highlighting the company’s strategic role in securing critical resources for European industries. Neometals anticipates becoming Europe’s first domestic producer of high-purity vanadium, a critical material for various industries, including steel and energy storage.

Neometals Ltd Issues Performance Rights Under Employee Incentive Scheme

Neometals Ltd announced the issuance of 1,424,725 performance rights under an employee incentive scheme. These unquoted equity securities are subject to transfer restrictions and will not be quoted on the ASX until these restrictions end, potentially motivating and retaining key personnel within the company.

Neometals Launches Gold Exploration at Barrambie Project

Neometals Ltd has commenced a maiden gold drilling program at its Barrambie Project in Western Australia, marking the first gold exploration in two decades. The project covers the Barrambie Greenstone Belt, known for its high-grade titanium and potential gold mineralization. With historic data indicating significant gold occurrences, the company aims to verify and expand on these findings, enhancing its prospects in the gold mining sector.