Lm8.Ax
LM8.AX operates in the Diversified Mining industry, extracting and processing various minerals and metals for industrial and commercial applications.
Business. LM8.AX operates in the Diversified Mining industry, extracting and processing various minerals and metals for industrial and commercial applications.
Analyst recommendations
1 analysts · consensus BuyAt a glance
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.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
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
Signals & dispatch
Composite-score breakdown
Synthesis
LM8.AX operates in the Diversified Mining industry, extracting and processing various minerals and metals for industrial and commercial applications.
The company's capital structure is characterized by a very low debt-to-equity ratio of 0.0, indicating a nearly debt-free balance sheet. However, the current ratio of 14.26 suggests strong short-term liquidity, with current assets significantly outpacing current liabilities. Despite this, the company reported negative operating and free cash flows of -6.57 million AUD and -13.18 million AUD, respectively, indicating cash outflows from operations.
Profitability metrics are severely negative, with a return on equity of -38.8% and a return on assets of -37.53%. These figures are well below the typical performance of the Diversified Mining industry, which usually sees positive returns in stable market conditions. The company's operating income of -13.23 million AUD and net income of -13.23 million AUD further underscore the financial distress.
The company's revenue is concentrated in a single business segment, as disclosed in the financial snapshot, with no additional segment details provided. Geographically, the company's exposure is not specified in the available data, but the lack of segment diversification increases operational risk. The absence of geographic diversification data limits the ability to assess regional exposure and potential geopolitical risks.
The company's growth trajectory is currently negative, with a significant decline in revenue and profitability. Analysts have assigned a mean price target of 0.92 AUD, with a single "Buy" recommendation and no "Strong Buy" ratings. The lack of analyst enthusiasm reflects the company's poor financial performance and uncertain outlook.
Risk factors include medium liquidity risk due to negative operating and free cash flows, despite a strong current ratio. The risk assessment also flags negative net cash after subtracting total debt, which could constrain operational flexibility. Dilution risk is assessed as low, with no significant changes in shares outstanding between basic and diluted figures. However, the company's negative cash flows may necessitate future financing, potentially leading to share dilution.
Recent events include the publication of the latest financial results, which show a significant operating and net loss. No recent filings or transcripts are available to provide additional context on the company's strategic direction or operational challenges.
- The company is operating with a nearly debt-free balance sheet but is experiencing significant cash outflows from operations.
- Profitability metrics are severely negative, with both return on equity and return on assets in negative territory.
- The company's revenue is concentrated in a single segment, increasing operational risk.
- Analysts have assigned a low price target with limited enthusiasm, reflecting the company's poor financial performance.
- Liquidity risk is moderate, but the company's negative cash flows may require future financing, potentially leading to share dilution.
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,33 |
| Revenue | —no estimate | —no estimate | 94,0M AUD |
| Operating income | —no estimate | —no estimate | 73,0M AUD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
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- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- LM8.AX Market data — financials · 2026-05-28
- Lunnon Metals Ltd Market data — analyst estimates · 2026-05-28