Want to see AU:ADN full AI Analyst Report?
Top Page
Andromeda Metals Limited
(Sydney:ADN)
Select Model
Select Model
Rating:42Neutral
Price Target:
AU$0.01
â–˛(0.00% Upside)
Action:Reiterated
Date:09/30/26
The score is primarily weighed down by very weak financial performance: no revenue base, persistent losses, and ongoing negative free cash flow, alongside a sharp decline in equity/assets in 2026. Low leverage modestly reduces balance-sheet risk, but limited technical and valuation visibility (missing indicators, negative P/E, no dividend yield) provides little offset.
Positive Factors
Very low leverage
Debt-to-equity consistently near zero reduces interest burden and financial risk, preserving more flexibility than a highly levered developer. This balance-sheet characteristic could help the company fund project work or withstand setbacks without debt-service pressure.
Negative Factors
No operating revenue
Zero revenue across 2021–2026 shows the company has not yet established an operating sales base. Without a visible revenue ramp, reported operating losses cannot be offset by customer receipts, leaving the business dependent on funding while projects advance.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Debt-to-equity consistently near zero reduces interest burden and financial risk, preserving more flexibility than a highly levered developer. This balance-sheet characteristic could help the company fund project work or withstand setbacks without debt-service pressure.
Read all positive factors
Andromeda Metals Limited (ADN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$30.83M
Dividend Yield2.5%
Average Volume (3M)7.67M
Price to Earnings (P/E)―
Beta (1Y)2.07
Revenue GrowthN/A
EPS Growth-1311.11%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding5,139,663,600
10 Day Avg. Volume8,133,955
30 Day Avg. Volume7,674,872
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.40
Price to Sales (P/S)0.00
P/FCF Ratio-3.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Andromeda Metals Limited Business Overview & Revenue Model
Company Description
Andromeda Metals Limited, an Australian mineral exploration enterprise operating alongside its subsidiaries, focuses on discovering deposits of halloysite, gold, and copper. Its flagship undertaking is the Great White Kaolin project, located on So...
How the Company Makes Money
null...
Andromeda Metals Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
44
Neutral
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -359.71K | -433.11K | -491.00K | -425.00K | -191.00K |
| EBITDA | -6.32M | -5.62M | -6.45M | -10.58M | -8.30M |
| Net Income | -105.03M | -6.04M | -7.27M | -9.46M | -8.73M |
Balance Sheet | |||||
| Total Assets | 68.03M | 160.21M | 158.07M | 165.03M | 174.22M |
| Cash, Cash Equivalents and Short-Term Investments | 3.20M | 7.14M | 5.44M | 15.30M | 32.85M |
| Total Debt | 150.48K | 365.44K | 581.34K | 727.12K | 846.14K |
| Total Liabilities | 1.83M | 2.27M | 3.19M | 2.87M | 3.03M |
| Stockholders Equity | 66.20M | 157.93M | 154.88M | 162.16M | 171.19M |
Cash Flow | |||||
| Free Cash Flow | -6.81M | -9.05M | -12.95M | -17.38M | -10.23M |
| Operating Cash Flow | -4.93M | -4.77M | -5.05M | -8.78M | -5.12M |
| Investing Cash Flow | -11.79M | -1.40M | -4.56M | -8.58M | -9.86M |
| Financing Cash Flow | 12.78M | 7.87M | -247.60K | -197.01K | 42.93M |
Andromeda Metals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$39.93M | -18.10 | -21.42% | ― | ― | 53.60% | |
52 Neutral | AU$40.60M | -19.86 | -6.13% | ― | ― | 4.55% | |
47 Neutral | AU$33.87M | -23.53 | -7.59% | ― | ― | 65.71% | |
44 Neutral | AU$37.74M | -17.14 | -29.52% | ― | ― | 18.18% | |
43 Neutral | AU$33.27M | -12.92 | -8.50% | 65.74% | ― | 26.05% | |
42 Neutral | AU$30.83M | -0.27 | -154.66% | 2.50% | ― | -1311.11% |
* Basic Materials Sector Average
AU:ADN
Andromeda Metals Limited
0.01
-0.01
-50.00%
AU:ORP
Argonaut Resources
0.11
0.05
110.00%
AU:CAV
Carnavale Resources Limited
0.08
>-0.01
-3.61%
AU:LML
Lincoln Minerals Limited
0.01
<0.01
40.00%
AU:G11
Odin Metals Ltd
0.28
0.06
27.27%
AU:LEX
Lefroy Exploration Ltd.
0.12
-0.05
-30.30%
Andromeda Metals Limited Corporate Events
Andromeda Metals Tightens Governance Framework in 2026 Statement
Sep 29, 2026
Andromeda Metals Limited has detailed its 2026 corporate governance framework, affirming compliance with ASX Listing Rule 4.10.3 and broad alignment with the ASX Corporate Governance Principles and Recommendations. The company states that it signi...
Andromeda Metals Highlights Governance and Corporate Infrastructure in 2026 Report
Sep 29, 2026
Andromeda Metals Limited has outlined its core corporate framework in its 2026 Annual Report, detailing its board composition, executive leadership and company secretarial roles. The report also highlights the company’s key external partners...
Andromeda Metals Sets Key Dates for 2026 AGM and Board Nominations
Sep 21, 2026
Andromeda Metals Limited has scheduled its Annual General Meeting for 19 November 2026, in line with ASX listing requirements and its constitution. The company has also set 30 September 2026 as the deadline for receiving written nominations from c...
Andromeda Metals Director Increases Stake Through Share Purchase Plan
Sep 8, 2026
Andromeda Metals has disclosed a change in director Sue-Ann Higgins’ interests following her participation in a share purchase plan. Higgins acquired 3,389,831 ordinary shares for $20,000, lifting her indirect shareholding to 4,794,593 share...
Andromeda Metals Director Increases Stake via Share Purchase Plan
Sep 8, 2026
Andromeda Metals Limited has disclosed a change in director Jean-Dominique Sorel’s holdings following participation in a share purchase plan. The director acquired 5,084,746 new shares for $30,000 at approximately $0.0059 per share, increasi...
Andromeda Metals Issues Cleansing Notice on New Share Placement
Sep 4, 2026
Andromeda Metals Limited has issued a cleansing notice regarding 17,288,138 fully paid ordinary shares that were placed outside the terms of its recently announced share purchase plan. The company confirmed these placement shares were issued witho...
Andromeda Metals Seeks ASX Quotation for New Share Placement
Sep 4, 2026
Andromeda Metals Limited has applied for quotation on the ASX of 17,288,138 ordinary fully paid shares, following the lodgement of an Appendix 3B. The new securities arise from a placement of shares priced in line with a recent share purchase plan...
Andromeda Metals Seeks ASX Quotation for 498.7 Million New Shares
Sep 4, 2026
Andromeda Metals Limited has applied for quotation of 498,741,943 ordinary fully paid shares on the ASX, with an issue date of 7 September 2026. The application, lodged as a new announcement under the exchange’s Appendix 2A rules, formalizes...
Andromeda Metals Plans Share Placement of Over 17 Million Shares
Sep 4, 2026
Andromeda Metals Limited has announced a proposed issue of new ordinary fully paid shares on the ASX, with a maximum of 17,288,138 securities to be placed. The transaction is structured as a placement or other type of issue, with the proposed issu...
Andromeda Metals Raises $3.04m to Advance High Purity Alumina Project
Sep 4, 2026
Andromeda Metals Limited has raised $3.04 million in new capital via a combination of a share purchase plan and a small placement of ordinary shares, slightly exceeding its initial target of approximately $3 million. The share purchase plan was we...
Andromeda Moves on U.S. HPA Market with Traxys Supply Pact
Aug 18, 2026
Andromeda Metals has signed a non‑binding Heads of Agreement with Traxys North America to develop a strategic pathway for supplying high purity alumina into the U.S. market. The deal envisages negotiating a five‑year sales agency agree...
Andromeda Metals applies to quote additional ordinary shares on ASX
Aug 18, 2026
Andromeda Metals Limited has lodged a new application with the ASX for the quotation of 1,923 ordinary fully paid shares. The small issuance follows the exercise or conversion of existing options or other convertible securities, marginally increas...
Andromeda Metals Limits Share Purchase Plan to Select Jurisdictions
Aug 16, 2026
Andromeda Metals Limited has launched a share purchase plan for certain eligible shareholders, with the offer booklet now available via ASX under code ADN and on the company’s website. Eligibility is restricted to investors on the register a...
Andromeda Metals Launches $3m Share Purchase Plan to Progress High Purity Alumina Project
Aug 16, 2026
Andromeda Metals Limited has launched a Share Purchase Plan targeting $3 million, offering eligible shareholders discounted shares at $0.0059, with applications open until 31 August 2026. The company does not expect the plan to materially affect c...
Andromeda Metals launches discounted share plan to fund HPA project
Aug 16, 2026
Andromeda Metals has launched a new share purchase plan offering eligible shareholders in Australia, New Zealand and Luxembourg up to A$30,000 of shares at A$0.0059, a discount to recent market prices, to raise about A$3 million before costs. Dire...
Andromeda Metals Launches $3m Share Purchase Plan
Aug 16, 2026
Andromeda Metals Limited has launched a share purchase plan, allowing eligible shareholders to apply for new fully paid ordinary shares, targeting proceeds of up to $3 million before costs, with scope to accept oversubscriptions. The company has c...
ASX Waiver Clears Path for Andromeda Metals’ Accelerated Share Purchase Plan
Aug 14, 2026
Andromeda Metals Limited, listed on the ASX as ADN, is an Australian mineral resources company that funds its exploration and development projects through equity raisings, including share purchase plans aimed at retail investors. It seeks to prese...
Andromeda Metals Unveils Large Securities Purchase Plan on ASX
Aug 12, 2026
Andromeda Metals Limited is an Australian-listed resources company operating in the minerals sector. Its ordinary fully paid shares trade on the ASX under the ticker ADN, offering investors exposure to mining and exploration activities through equ...
Andromeda Metals launches $3m share purchase plan to accelerate HPA project
Aug 12, 2026
Andromeda Metals Limited has launched a share purchase plan aiming to raise about $3 million from eligible shareholders in Australia, New Zealand and Luxembourg at a discounted price of $0.0059 per share. The offer allows each shareholder to apply...
Andromeda Metals Commissions High-Purity Alumina Pilot Plant and Launches Co-Product Testwork
Jul 29, 2026
Andromeda Metals has completed commissioning of its high-purity alumina pilot plant and commenced an optimisation and testwork program to transition from laboratory-scale to continuous pilot-scale operations. The program is designed to refine the ...
Andromeda Reaffirms Great White Project Assumptions in Risk-Focused Update
Jul 12, 2026
Andromeda Metals has released an updated company presentation outlining its current project portfolio and key technical and financial assumptions for the Great White Kaolin Project and its related HPA development. The company reiterates that its f...
Andromeda De-Risks Great White Stage 1A+ as Early Works Wrap Up
Jul 6, 2026
Andromeda Metals has completed transportation of all long lead equipment for the Stage 1A+ development of its Great White Project, with the final filter press components now in Australia and in storage after customs clearance. This caps off a suit...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.