BeMetals (BMET) AI Stock Analysis

• Market Cap: $9.15M
• Dividend Yield: N/A
• Average Volume (3M): 47.79K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.71
• Revenue Growth: N/A
• EPS Growth: 82.74%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 228,847,140
• 10 Day Avg. Volume: 100,251
• 30 Day Avg. Volume: 47,791
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -4.80
• 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

BeMetals faces significant financial challenges with zero revenue and reliance on external funding, which drags down its overall score. However, the recent positive corporate event concerning expanded copper mineralization in Zambia offers some potential upside. Technical analysis indicates bearish signals, but the stock could be undervalued at current levels. Overall, the company's high-risk profile as an early-stage mining venture is reflected in the low score.

BeMetals Business Overview & Revenue Model

Company Description

BeMetals Corp. (BMET) is a Canadian-based mineral exploration and development company focused on advancing base metals projects with a primary emphasis on high-grade zinc, copper, and gold properties. The company operates in the mining and metals sector, leveraging its expertise to identify, acquire, and develop mineral resources in North America and select international locations. BeMetals aims to create shareholder value through strategic exploration and project development, guided by a team with a proven track record in the industry.

How the Company Makes Money

BeMetals makes money through the exploration, development, and eventually the production of mineral resources, primarily focusing on high-grade zinc, copper, and gold. The company generates revenue by selling these commodities in the global market once they reach production stage. Additionally, BeMetals may engage in joint ventures or strategic partnerships with other mining companies to co-develop projects, share costs, and enhance its operational capabilities. These partnerships can also lead to revenue sharing agreements that contribute to the company's earnings. BeMetals may also raise capital through equity financing to fund its exploration and development activities, which, while not direct revenue, supports its operations and potential future revenue streams.

BeMetals Financial Statement Overview

Summary

BeMetals' financial situation is challenging with zero revenue, persistent net losses, and reliance on external financing. The balance sheet shows a reasonable equity base but increasing debt levels. Cash flow analysis highlights issues in generating operational cash, which could impact the company's ability to finance itself without external support. Overall, the financial health is weak, reflecting the high-risk nature of early-stage mining ventures.

Income Statement

BeMetals has faced consistent challenges in generating revenue, reflected by zero total revenue across all periods. As a result, profitability metrics like Gross Profit Margin, Net Profit Margin, EBIT Margin, and EBITDA Margin cannot be calculated. The absence of revenue growth and persistent losses in EBIT and Net Income highlight significant financial difficulties, common in early-stage mining companies without producing assets.

Balance Sheet

The balance sheet reveals a moderate financial position with a high debt-to-equity ratio of 0.47, which indicates some level of financial leverage. The equity ratio stands at 66.45%, suggesting a reasonable proportion of assets funded by equity. However, the company has seen a decline in stockholders' equity, indicating potential risks if this trend continues. The return on equity is negative due to ongoing losses, which is a concern for future value creation.

Cash Flow

Negative operating cash flow and free cash flow indicate challenges in generating cash from operations. The lack of free cash flow growth and negative operating cash flow to net income ratio underscore the company's struggles to sustain cash flows. Financing activities, primarily through debt or equity, have been the main source of cash inflow, highlighting dependency on external funding.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	0.00	0.00	0.00	0.00
	EBIT
-705.06K	-1.77M	-2.04M	-2.73M	-1.31M	-1.00M
	EBITDA
-1.43M	0.00	0.00	0.00	0.00	0.00
	Net Income Common Stockholders
-2.55M	-2.00M	-14.74M	-2.52M	-1.33M	-897.43K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
105.87K	608.36K	6.04M	6.40M	3.24M	1.24M
	Total Assets
149.00K	30.35M	28.95M	35.98M	16.33M	10.89M
	Total Debt
0.00	9.34M	6.90M	0.00	0.00	0.00
	Net Debt
-105.87K	8.78M	894.89K	-6.37M	-3.21M	-1.21M
	Total Liabilities
267.78K	9.56M	7.28M	135.44K	81.53K	1.39M
	Stockholders Equity
-118.78K	20.78M	21.67M	35.85M	16.25M	9.50M
Cash Flow		Free Cash Flow
-1.71M	-1.73M	-7.60M	-6.65M	-4.51M	-3.24M
	Operating Cash Flow
-1.30M	-1.74M	-1.10M	-1.84M	-658.11K	-805.58K
	Investing Cash Flow
-3.68M	-6.92M	-5.92M	-3.64M	-4.32M	-4.37M
	Financing Cash Flow
6.68M	3.26M	6.43M	8.64M	6.97M	6.04M

BeMetals Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.04
• 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 TSE:BMET, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.43 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BMET.

BeMetals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	81 Outperform	C$2.66B	17.32	26.82%	―	77.93%	236.93%
ELD	79 Outperform	$4.73B	11.47	8.12%	―	33.06%	177.69%
WDO	79 Outperform	C$2.35B	17.31	27.15%	―	67.54%	―
AGI	77 Outperform	C$14.69B	36.62	8.74%	0.41%	33.75%	32.86%
BTO	66 Neutral	$4.99B	―	-18.54%	5.32%	-0.18%	-2195.85%
Sector *	47 Neutral	$2.32B	-2.83	-21.67%	3.65%	4.83%	-28.82%
BMET	32 Underperform	$9.15M	―	-11.02%	―	―	82.74%

BeMetals Corporate Events

BeMetals Expands Copper Mineralization Footprint in Zambia

BeMetals Corp. has announced that its recent core drilling program at the Pangeni Copper Project in Zambia has confirmed an expanded footprint of copper mineralization at the D-Prospect site. The new discoveries, including the F4-C3 target mineralization, extend the mineralized trend to approximately 3 kilometers, suggesting potential for a large-scale copper find comparable to major deposits like the Lumwana Copper Mine’s Chimiwungo Deposit. The expanded mineralization areas and encouraging drill results enhance the project’s potential, marking a significant step forward in the company’s exploration efforts.