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29M.AX — ASX Diversified Mining

29m.Ax

A$0,28
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1D5D1M3M6MYTD1Y5YMax
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Mcap
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P/E
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EV / Rev
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Div yield
0,00 %
Op margin
8,4 %
ROE
5,4 %
Net margin
4,3 %
Debt / equity
0,55
Beta
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52w range
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Volume
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Day range
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Prev close
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Open
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Next earnings
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Ex-dividend
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TR 1Y
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About

29M.AX operates in the Diversified Mining industry, extracting and processing various minerals and metals for industrial and commercial applications.

Business. 29M.AX operates in the Diversified Mining industry, extracting and processing various minerals and metals for industrial and commercial applications.

Classification92 %
SectorBasic Materials
Business sectorMineral Resources
IndustryDiversified Mining
Generated · model-assisted
Sell-side consensus
HOLD7 analysts
0 buy6 hold1 sell
Avg 12m price target0,29

Analyst recommendations

7 analysts · consensus Hold
Buy0
Hold6
Sell1
12-month price target
0,29
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
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not yet scored
Valuation
—
valuation pending
Analysts→
Hold
7 analysts · indicative
Ownership
—
not yet wired
Profitability→
5,4 %
return on equity
Quality
—
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 29M.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials · THIS SECTOR+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,7 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Consumer Discretionary+0,4 %+7,7 %−0,2 %
    Information Technology+0,3 %+7,8 %−0,3 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 29M.AX. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    29M.AX operates in the Diversified Mining industry, extracting and processing various minerals and metals for industrial and commercial applications.

    Classification92 %
    SectorBasic Materials
    Business sectorMineral Resources
    IndustryDiversified Mining
    AI synthesis
    GENERATED

    The company maintains a debt-to-equity ratio of 0.55, indicating a moderate reliance on debt financing, and a current ratio of 1.27, suggesting adequate short-term liquidity to cover its obligations. However, the risk assessment highlights a medium liquidity risk, with net cash being negative after subtracting total debt, signaling potential short-term financial strain.

    In terms of profitability, 29M.AX reports a return on equity (ROE) of 5.42% and a return on assets (ROA) of 2.32%. These figures are below the typical thresholds for strong performance in the mining industry, indicating that the company is generating relatively modest returns on its equity and asset base.

    The company's revenue is not segmented by product or geographic region in the provided data, making it difficult to assess the concentration of its revenue sources. However, the lack of detailed segment data suggests that the company may be exposed to a broad range of market conditions and regional risks.

    Looking at the growth trajectory, the company's recent financial performance shows a revenue of 566.62 million AUD and a net income of 24.17 million AUD. While the company has a positive operating cash flow of 55.45 million AUD, the capital expenditure of -123.68 million AUD indicates significant investment in long-term assets, which may impact short-term profitability.

    The risk assessment identifies a medium liquidity risk and a low dilution risk. The company's capital structure includes long-term debt of 246.62 million AUD, which, combined with the negative net cash position, suggests potential challenges in maintaining liquidity without additional financing.

    Recent events, such as analyst estimates, indicate a mean price target of 0.29 AUD and a median price target of 0.26 AUD. The mean recommendation of 3.14 suggests a neutral stance from analysts, with no strong buy or buy recommendations and six hold recommendations.

    Key takeaways
    • 29M.AX has a moderate debt-to-equity ratio of 0.55, indicating a balanced capital structure.
    • The company's ROE of 5.42% and ROA of 2.32% suggest modest profitability relative to industry standards.
    • The company's liquidity risk is assessed as medium, with a current ratio of 1.27 and negative net cash after debt.
    • Analysts have a neutral outlook on 29M.AX, with a mean recommendation of 3.14 and no strong buy or buy ratings.
    • **margin_outlook_rationale**: The company's gross profit margin is expected to remain stable due to consistent pricing and cost management strategies.
    • **rd_outlook_rationale**: Research and development expenditures are projected to remain low as the company focuses on operational efficiency.
    • **capex_outlook_rationale**: Capital expenditures are expected to increase in the next fiscal year to support new mining projects and infrastructure upgrades.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    A$0,28
    Market cap
    —
    Enterprise valueⓘ
    —
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
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    EV / OCFⓘ
    —
    P / Bⓘ
    —
    P / Tangible bookⓘ
    —
    Tangible book
    A$446.1M
    Net cashⓘ
    -A$246.6M
    Current ratioⓘ
    1.3
    Debt / equityⓘ
    0.6
    ROAⓘ
    2.3%
    ROEⓘ
    5.4%
    Cash conversionⓘ
    229.0%
    CapEx / revenueⓘ
    -21.8%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    -0,05
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    7
    Other metrics
    Revenue
    —
    no estimate
    Segment revenue
    —
    no estimate
    Margin
    —
    no estimate
    Segment margin
    —
    no estimate
    as of 2026-05-04 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPS—no estimate—no estimate-0,05
    Revenue—no estimate—no estimate521,2M AUD
    Operating income—no estimate—no estimate-53,0M AUD
    Full-year consensus mean (period as reported by source) · consensus in AUD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution7 analysts
    Strong buy0
    Buy0
    Hold6
    Sell1
    Strong sell0
    12-month price targetA$0,29 · Median A$0,26
    Low A$0,25High A$0,45
    Operating income · consensus-53,0M AUD
    EPS surprise
    +134,5 %
    reported vs consensus · beat
    Revenue surprise
    +8,7 %
    reported vs consensus · beat

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    LowA$0,25
    MeanA$0,29
    MedianA$0,26
    HighA$0,45
    SpotA$0,28
    +5.3 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin8,4 %Above P75
    Net Margin4,3 %Above P75
    ROE5,4 %Above P75
    Capex / Rev-21,8 %Above median
    D/E0,55Bottom quartile
    Cash Conv2,29Best in class

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Physical assets

    8 tracked
    AssetTypeCommodityCountryRole
    Golden GroveMineZincAustraliaOperating company
    Golden GroveMineCopperAustraliaOperating company
    Golden GroveOtherZincAustraliaOperating company
    Golden GroveOtherCopperAustraliaOperating company
    Golden GroveMineGoldAustraliaOperating company
    Golden GroveOtherGoldAustraliaOperating company
    Golden GroveMineSilverAustraliaOperating company
    Golden GroveOtherSilverAustraliaOperating company
    Tracked physical assets associated with this issuer (operated, managed, or owned).

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • 29M.AX Market data — financials · 2026-05-26
    • 29Metals Ltd Market data — analyst estimates · 2026-05-26

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    29M.AXCanonical
    ASX · AUD

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage