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Alma Metals Limited Chess Depository Interests repr 1 Shs
(Sydney:ALM)
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Rating:45Neutral
Price Target:
$0.01
Action:Reiterated
Date:10/05/26
The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and persistent cash burn), only partly offset by the benefit of a debt-free balance sheet. Technical indicators are mostly neutral-to-soft (flat vs short-term averages, slightly negative MACD), and valuation is limited by loss-making results (negative P/E) with no dividend support.
Positive Factors
Debt-free balance sheet
A debt-free structure removes contractual interest and refinancing burdens from the capital base. This gives the exploration company greater resilience while projects are evaluated and preserves flexibility to direct future capital toward exploration rather than debt service.
Negative Factors
No revenue base
A multi-year absence of revenue means the company has not yet demonstrated commercial production or a recurring operating income stream. This leaves financial performance dependent on exploration progress and increases the time required to establish durable earnings capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free structure removes contractual interest and refinancing burdens from the capital base. This gives the exploration company greater resilience while projects are evaluated and preserves flexibility to direct future capital toward exploration rather than debt service.
Read all positive factors
Alma Metals Limited Chess Depository Interests repr 1 Shs (ALM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$23.71M
Dividend YieldN/A
Average Volume (3M)3.31M
Price to Earnings (P/E)―
Beta (1Y)2.00
Revenue GrowthN/A
EPS Growth45.83%
CountryAU
Employees15
SectorGeneral
Sector StrengthN/A
IndustryCopper
Share Statistics
EPS (TTM)0.00
Shares Outstanding2,634,831,300
10 Day Avg. Volume3,497,890
30 Day Avg. Volume3,307,171
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)3.38
Price to Sales (P/S)0.00
P/FCF Ratio-6.16
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
Alma Metals Limited Chess Depository Interests repr 1 Shs Business Overview & Revenue Model
Company Description
Alma Metals Limited is an exploration firm focused on discovering metallic mineral deposits across Australia, with a particular emphasis on copper and gold. Its assets include the Briggs, Mannersley, and Fig Tree Hill Porphyry copper project in Qu...
Alma Metals Limited Chess Depository Interests repr 1 Shs Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
63
Positive
Cash Flow
24
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 | -28.13K | -25.67K | -18.22K | -9.91K | 0.00 |
| EBITDA | -4.45M | -4.33M | -3.10M | -2.76M | -2.33M |
| Net Income | -3.21M | -3.68M | -3.12M | -2.77M | -9.25M |
Balance Sheet | |||||
| Total Assets | 8.06M | 3.57M | 5.50M | 6.26M | 4.81M |
| Cash, Cash Equivalents and Short-Term Investments | 3.56M | 1.02M | 2.21M | 2.56M | 1.63M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 606.79K | 560.22K | 342.75K | 246.79K | 105.62K |
| Stockholders Equity | 7.45M | 3.01M | 5.16M | 6.01M | 4.70M |
Cash Flow | |||||
| Free Cash Flow | -4.09M | -2.86M | -2.99M | -2.70M | -1.81M |
| Operating Cash Flow | -3.54M | -2.85M | -2.97M | -2.65M | -1.78M |
| Investing Cash Flow | -175.40K | 276.32K | 25.96K | 32.40K | -1.33M |
| Financing Cash Flow | 6.25M | 1.39M | 2.67M | 3.46M | 3.26M |
Alma Metals Limited Chess Depository Interests repr 1 Shs Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | AU$13.56M | -3.33 | -18.91% | ― | ― | 45.90% | |
45 Neutral | AU$23.71M | -6.58 | -46.17% | ― | ― | 45.83% | |
45 Neutral | AU$8.69M | -3.13 | -31.07% | ― | ― | 37.50% | |
45 Neutral | AU$8.89M | 7.65 | 49.80% | ― | ― | ― | |
43 Neutral | AU$17.88M | -6.67 | -9.06% | ― | 72.05% | -271.43% | |
43 Neutral | AU$16.26M | -1.29 | -34.28% | 111.50% | ― | ― |
* General Sector Average
AU:ALM
Alma Metals Limited Chess Depository Interests repr 1 Shs
0.01
0.00
0.00%
AU:NFM
Castillo Copper Ltd.
0.01
>-0.01
-33.33%
AU:CPO
Culpeo Minerals Limited
0.02
<0.01
21.43%
AU:RRR
Revolver Resources Holdings Ltd
0.05
-0.03
-37.21%
AU:NRX
Noronex Ltd.
0.01
>-0.01
-18.75%
AU:SLM
Solis Minerals Ltd Registered Shs
0.05
-0.03
-38.75%
Alma Metals Limited Chess Depository Interests repr 1 Shs Corporate Events
Alma Metals Sets Out Corporate Framework for Copper Projects
Sep 30, 2026
Alma Metals Limited, listed on the Australian Securities Exchange under the ticker ALM, has outlined its corporate structure and key operational bases supporting its Briggs and Kimberley copper projects. The disclosure details its board compositio...
Alma Metals Infills Briggs Copper Resource With Higher-Grade Northern Zone
Sep 21, 2026
Alma Metals has reported new assay results from infill drill hole 26BRD0042 at the Briggs copper project, confirming consistent near-surface copper mineralisation over 383.8 metres, including a higher-grade 76.7-metre zone at 0.34% copper along th...
Alma Metals’ Briggs Infill Drilling Confirms Resource Model as PFS Work Advances
Aug 4, 2026
Alma Metals has reported assays from the first three holes of its 2026 infill drilling program at the Briggs copper project, with grades aligning closely to the existing resource block model. The results show consistent copper mineralisation along...
Alma Metals Accelerates Briggs Copper Project Drilling and PFS Work
Jul 27, 2026
Alma Metals is pushing ahead with a major infill and exploration drilling program at its Briggs Copper Project in Queensland, having completed about 2,080 metres across six holes since late April and planning a further 35 holes in 2026 and 35 in 2...
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.