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Boab Metals Ltd
(Sydney:BML)
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Rating:45Neutral
Price Target:
AU$0.38
▼(-22.45% Downside)
Action:Reiterated
Date:10/01/26
The score is primarily held back by weak financial performance: continued losses, zero FY2026 revenue, and sharply higher cash burn. Technicals also lean bearish (below key moving averages with negative MACD), though near-oversold RSI slightly moderates the downside signal. Valuation offers limited support because the company is unprofitable (negative P/E) and there is no dividend yield data.
Positive Factors
Low leverage and equity base
Low leverage and a larger equity base provide financial flexibility relative to a heavily indebted developer. This can support continued project evaluation and help absorb operating volatility, although the benefit depends on controlling losses and preserving capital over the next several quarters.
Negative Factors
Zero revenue and worsening losses
The absence of FY2026 revenue and the widening net loss show that the business has not yet established recurring operating income. Continued losses reduce internal funding capacity, limit financial resilience and make successful project progression increasingly dependent on future financing or development milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and equity base
Low leverage and a larger equity base provide financial flexibility relative to a heavily indebted developer. This can support continued project evaluation and help absorb operating volatility, although the benefit depends on controlling losses and preserving capital over the next several quarters.
Read all positive factors
Boab Metals Ltd (BML) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$214.09M
Dividend YieldN/A
Average Volume (3M)2.02M
Price to Earnings (P/E)―
Beta (1Y)3.11
Revenue Growth-100.00%
EPS Growth-1.84%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding578,608,500
10 Day Avg. Volume1,627,297
30 Day Avg. Volume2,021,571
Financial Highlights & Ratios
PEG Ratio-11.13
Price to Book (P/B)1.22
Price to Sales (P/S)0.00
P/FCF Ratio-4.83
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)-0.02
Revenue Forecast (FY)N/A
Boab Metals Ltd Business Overview & Revenue Model
Company Description
Boab Metals Limited specializes in the prospecting and development of mineral resources across various landholdings in Australia and Latin America. The company's primary focus lies in identifying deposits of precious and base metals, including gol...
Boab Metals Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 174.31K | 136.10K | 201.75K | 160.66K |
| Gross Profit | -79.30K | 174.31K | 136.10K | 201.75K | 160.66K |
| EBITDA | -6.78M | -3.73M | -3.31M | -5.89M | -6.72M |
| Net Income | -7.22M | -3.84M | -3.32M | -5.92M | -6.80M |
Balance Sheet | |||||
| Total Assets | 156.05M | 16.54M | 12.76M | 11.63M | 11.67M |
| Cash, Cash Equivalents and Short-Term Investments | 60.86M | 7.53M | 5.66M | 4.58M | 6.32M |
| Total Debt | 8.69M | 35.07K | 112.71K | 30.50K | 100.19K |
| Total Liabilities | 34.67M | 748.07K | 667.47K | 1.23M | 1.09M |
| Stockholders Equity | 121.37M | 15.79M | 12.09M | 10.39M | 10.58M |
Cash Flow | |||||
| Free Cash Flow | -30.59M | -3.84M | -3.67M | -7.02M | -6.53M |
| Operating Cash Flow | -1.61M | -3.83M | -3.66M | -5.38M | -6.49M |
| Investing Cash Flow | -45.79M | -513.24K | -2.70K | -1.64M | -24.27K |
| Financing Cash Flow | 100.73M | 6.21M | 4.75M | 5.27M | -65.92K |
Boab Metals Ltd Technical Analysis
Negative
0.49
Price Trends
0.45
Negative
0.42
Negative
0.45
Negative
Market Momentum
-0.02
Positive
29.29
Positive
11.70
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BML, the sentiment is Negative. The current price of 0.49 is above the 20-day moving average (MA) of 0.40, above the 50-day MA of 0.45, and above the 200-day MA of 0.45, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 29.29 is Positive, neither overbought nor oversold. The STOCH value of 11.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BML.
Boab Metals Ltd 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% | |
51 Neutral | AU$247.00M | -19.76 | -26.78% | ― | ― | 47.70% | |
50 Neutral | AU$285.37M | -5.33 | -66.87% | ― | ― | 22.99% | |
46 Neutral | AU$152.86M | 3.16 | 7.74% | 3.70% | -13.27% | ― | |
45 Neutral | AU$214.09M | -21.08 | -6.54% | ― | -100.00% | -1.84% | |
44 Neutral | AU$162.53M | -0.52 | -46.99% | ― | 234.01% | 8.57% | |
43 Neutral | AU$223.86M | -21.95 | -7.65% | ― | ― | 29.41% |
* Basic Materials Sector Average
AU:BML
Boab Metals Ltd
0.35
-0.13
-26.32%
AU:SYR
Syrah Resources
0.07
-0.34
-83.09%
AU:ORN
Orion Minerals Limited
0.03
<0.01
47.06%
AU:CTM
Centaurus Metals Limited
0.41
-0.09
-19.00%
AU:OMH
OM Holdings Ltd.
0.20
-0.04
-18.37%
AU:WTM
Battery Minerals Ltd.
0.74
-0.02
-2.63%
Boab Metals Ltd Corporate Events
Boab Metals Details Board Skills and Governance Approach for FY26
Sep 30, 2026
Boab Metals Ltd has detailed its corporate governance framework for the year to 30 June 2026, outlining how it applies the ASX Corporate Governance Council’s principles and recommendations. The company maintains governance documents, includi...
Boab Metals Releases 2026 Annual Financial Report
Sep 30, 2026
Boab Metals Ltd has released its annual financial report for the year ended 30 June 2026, providing shareholders and the market with an updated view of its financial position and corporate governance. The report confirms the company’s curren...
Boab Metals Reaffirms Sorby Hills Resource and Reserve Confidence
Sep 29, 2026
Boab Metals has reaffirmed the validity of its reported mineral resources, ore reserves, production targets and financial forecasts for the Sorby Hills silver-lead project, stating that no material changes have occurred since the latest mineral re...
Boab Metals Details Fully Funded Sorby Hills Silver-Lead Project Plan
Sep 29, 2026
Boab Metals has released its Project Delivery Plan for the Sorby Hills silver-lead project, confirming the operation is fully funded through construction and commissioning with more than A$350 million in debt and equity secured. The 10.5-year mine...
Boab Metals Lifts Sorby Hills Resource, Bolstering Project Confidence
Sep 28, 2026
Boab Metals has announced an updated Mineral Resource Estimate for its 100%-owned Sorby Hills Silver-Lead Project in Western Australia, lifting total resources to 50.6Mt at 3.0% lead, 34 g/t silver and 0.4% zinc. The update centres on the Bimota, ...
Boab Metals Secures Key Mining Services Deal for Sorby Hills Project
Sep 27, 2026
Boab Metals has executed a binding Heads of Agreement with REGROUP Australia for mining services at its Sorby Hills silver-lead project in Western Australia, locking in key commercial terms, scope of services, mine planning parameters and start da...
Boab Metals Sets AGM Date and Director Nomination Deadline
Sep 18, 2026
Boab Metals has scheduled its Annual General Meeting for 24 November 2026, where shareholders will consider the re-election and appointment of directors. The meeting underscores the company’s adherence to governance requirements under ASX Li...
Boab Metals Accelerates Sorby Hills Development with Plant Relocation and Project Financing
Jul 30, 2026
Boab Metals reported substantial progress at its Sorby Hills Silver Lead Project in the June quarter, including execution of a A$109 million EPC contract with GR Engineering Services to dismantle, refurbish and relocate the DeGrussa Processing Pla...
Boab Metals Clarifies Visual Mineralisation in Sorby Hills Update
Jul 23, 2026
Boab Metals has issued additional information regarding its recent announcement on advancing the reserve growth program at the Sorby Hills project. The company clarified that references to visual mineralisation in previously released figures shoul...
Boab Metals Reports Promising Drilling Progress at Sorby Hills
Jul 22, 2026
Boab Metals has completed about 60% of its 2026 Phase IX drilling program at the Sorby Hills Silver-Lead-Zinc Project, with all planned reserve conversion drilling finished at the B, Omega and Norton deposits. Early geological observations, includ...
Boab Metals Accelerates Sorby Hills Development and Targets First Output in 2027
Jul 1, 2026
Boab Metals has advanced early works at its 100% owned Sorby Hills silver-lead project, completing site access roads, the processing plant pad and Stage 1 of the mine site camp, while clearing for the ROM pad, tailings storage facility and haul ro...
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.