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Jupiter Mines Limited (AU:JMS)
ASX:JMS

Jupiter Mines Limited (JMS) AI Stock Analysis

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AU

Jupiter Mines Limited

(Sydney:JMS)

Rating:67Neutral
Price Target:
Jupiter Mines Limited has a robust financial position, with strong profitability and low debt levels. However, declining revenue and cash flow performance pose challenges. The technical analysis presents a neutral outlook, while the valuation indicates potential undervaluation with a low P/E ratio. The absence of significant earnings call data or corporate events leaves the focus on the company's current financial and market performance.

Jupiter Mines Limited (JMS) vs. iShares MSCI Australia ETF (EWA)

Jupiter Mines Limited Business Overview & Revenue Model

Company DescriptionJupiter Mines Limited engages in the development and operation of mineral resource properties. It primarily explores for manganese deposits. The company's flagship project is the Tshipi Manganese mine located in South Africa. Jupiter Mines Limited was incorporated in 2003 and is based in Perth, Australia.
How the Company Makes MoneyJupiter Mines Limited generates revenue primarily through the extraction and sale of manganese ore from its Tshipi Borwa Manganese Mine. The company sells its manganese ore to customers in various industries, mainly steel manufacturers, who use manganese as an essential alloying element in steel production. The company's earnings are influenced by the demand for steel and, consequently, the demand for manganese. Jupiter Mines may also engage in strategic partnerships and joint ventures to enhance its mining operations and distribution capabilities, thereby contributing to its overall revenue. Additionally, fluctuations in global commodity prices and exchange rates can impact the company's profitability.

Jupiter Mines Limited Earnings Call Summary

Earnings Call Date:Feb 27, 2025
(Q4-2024)
|
% Change Since: 21.02%|
Next Earnings Date:Aug 29, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a strong operational performance with record sales and production, significant profit and EBITDA growth, and proactive market strategies. However, increased costs and cash flow issues, coupled with market volatility due to external factors, present challenges.
Q4-2024 Updates
Positive Updates
Record Sales and Production Increase
Sales were up 35% quarter-on-quarter, with full-year sales of 3.55 million tonnes, surpassing the average of the last 5-6 years. Production increased by 22% from the previous quarter.
Significant Profit and EBITDA Growth
EBITDA quadrupled quarter-on-quarter, leading to an AUD 140 million increase, in line with previous guidance on sensitivity to manganese prices.
Land Logistics Achievement
Land logistics volumes increased by 55% on the March quarter, achieving a record for the June quarter.
Positive Market Dynamics for HP MSM Project
The HP MSM project is progressing with pre-feasibility studies and growing demand for manganese in the EV market projected by 2028.
Negative Updates
Increased Operating Costs
Operating costs increased due to a higher royalty band and unfavorable ForEx. These accounted for about half of the cost increase.
Cash Flow Lagging Behind EBITDA
Cash flow increased less than EBITDA due to a run-up in accounts receivable and an increase in finished product inventory.
Market Disruption and Volatility
The manganese market experienced significant disruption and price volatility due to the GEMCO outage and concerns about demand and increasing supply.
Company Guidance
In the Q4 2024 earnings call for Jupiter Mines (JMS.AX), CEO Brad Rogers highlighted a robust quarter marked by a 35% increase in sales and a 22% rise in production compared to the previous quarter. The company's full-year sales reached 3.55 million tonnes, surpassing historical averages. Realized prices were up by 24% while operating costs increased due to higher royalties and unfavorable foreign exchange conditions. EBITDA quadrupled, indicating significant leverage to manganese price increases. The market faced disruptions due to the GEMCO outage, which drove up prices, but a retracement occurred later due to factors such as weak steel demand and increased South African supply. Despite these challenges, the company achieved record logistics performance and saw substantial cash flow improvements, with working capital rising alongside a build-up in product inventory. Looking forward, Rogers noted supportive factors in the manganese market, including low Chinese stockpiles and constrained South African logistics, which could provide future market support.

Jupiter Mines Limited Financial Statement Overview

Summary
Income Statement
Balance Sheet
Cash Flow
Breakdown
TTMJun 2024Mar 2023Mar 2022Mar 2021Mar 2020
Income StatementTotal Revenue
9.50M8.07M8.52M7.30M8.20M10.36M
Gross Profit
7.00M4.74M4.84M3.20M8.20M10.36M
EBIT
1.48M1.18M89.76M-6.17M3.99M4.11M
EBITDA
2.94M1.30M-1.46M2.08M4.26M5.74M
Net Income Common Stockholders
76.47M38.87M76.47M53.98M67.52M95.12M
Balance SheetCash, Cash Equivalents and Short-Term Investments
39.85M19.06M49.49M39.16M60.62M29.29M
Total Assets
447.82M593.38M577.67M532.73M556.06M520.05M
Total Debt
0.00398.14K504.17K0.000.000.00
Net Debt
-38.77M-18.66M-48.98M-39.16M-60.62M-29.29M
Total Liabilities
279.43K50.03M105.77M97.41M96.74M94.03M
Stockholders Equity
447.54M543.35M471.90M435.32M459.32M426.02M
Cash FlowFree Cash Flow
50.29M-1.87M76.39M1.78K73.44M82.29M
Operating Cash Flow
49.32M-1.86M76.47M3.20K73.44M83.26M
Investing Cash Flow
-73.66K12.63M51.14M26.61M-194.49K-976.42K
Financing Cash Flow
-39.34M-19.67M-39.34M-48.97M-34.35M-127.33M

Jupiter Mines Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.19
Price Trends
50DMA
0.16
Positive
100DMA
0.15
Positive
200DMA
0.15
Positive
Market Momentum
MACD
0.01
Negative
RSI
65.79
Neutral
STOCH
48.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:JMS, the sentiment is Positive. The current price of 0.19 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.16, and above the 200-day MA of 0.15, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 65.79 is Neutral, neither overbought nor oversold. The STOCH value of 48.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:JMS.

Jupiter Mines Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (50)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUJMS
67
Neutral
$372.60M8.768.40%3.88%
50
Neutral
$2.00B-1.13-21.16%3.71%2.15%-30.95%
$108.94M4.0212.65%
$51.66M-4.78%
$223.72M65.86-35.86%
$19.32M-49.79%
AUOMH
61
Neutral
AU$252.23M17.302.22%11.90%-49.32%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:JMS
Jupiter Mines Limited
0.19
-0.12
-38.51%
BTURF
Bathurst Resources Ltd
0.48
-0.07
-12.73%
HHLKF
Hot Chili Limited
0.34
-0.37
-52.11%
MTGRF
Mount Gibson Iron Limited
0.21
-0.08
-27.59%
WMNNF
Aston Minerals Ltd
0.01
-0.01
-50.00%
AU:OMH
OM Holdings Ltd.
0.31
-0.18
-36.73%

Jupiter Mines Limited Corporate Events

Jupiter Mines Reports Strong Q3 FY2025 Performance with Increased Sales and Production
Apr 30, 2025

Jupiter Mines Limited reported a strong performance for the quarter ending March 2025, with increased sales and production levels at the Tshipi Manganese Mine. The company experienced a 65% increase in EBITDA due to higher manganese prices and reduced production costs. Despite a slight decrease in cash reserves following a dividend payment, Tshipi generated positive net cash flow. The quarter also saw a rise in average manganese prices, although spot prices declined slightly by the end of April 2025. The company managed to reduce production costs by extracting ore from a new pit area, benefiting from a favorable stripping ratio and currency exchange rates.

Jupiter Mines Highlights Manganese’s Role in EV Batteries at Conference
Apr 29, 2025

Jupiter Mines Limited presented at the Paydirt Battery Minerals Conference, highlighting the increasing importance of manganese in electric vehicle batteries. The announcement underscores the company’s strategic focus on leveraging the rising demand for battery minerals, which could enhance its market position and offer significant opportunities for growth in the evolving electric vehicle sector.

Jupiter Mines Limited Appoints New Director
Apr 1, 2025

Jupiter Mines Limited has announced the appointment of Kiho Han as a new director, effective from April 1, 2025. The initial director’s interest notice reveals that Kiho Han currently holds no relevant interests in securities or contracts associated with the company. This appointment is a procedural update and does not indicate any immediate changes in the company’s operations or strategic direction.

Jupiter Mines Appoints New Non-Executive Director from POSCO
Apr 1, 2025

Jupiter Mines Limited has appointed Mr. Kiho Han as a Non-Executive Director, representing strategic shareholder POSCO Australia, which holds a 6.89% interest in the company. This change follows the resignation of Mr. Ben Kim, who served over three years on the board. Mr. Han brings extensive experience in raw materials and investment sectors, which is expected to provide strategic insights as Jupiter Mines advances its manganese growth strategy and explores new opportunities in the battery materials sector.

Jupiter Mines Provides Update at Investor Conference
Mar 12, 2025

Jupiter Mines Limited presented at the Euroz Hartleys Institutional Investor Conference, providing a company update. The presentation emphasized that the information shared is for informational purposes only and not intended as investment advice. While the presentation included forward-looking statements, it highlighted the inherent risks and uncertainties that could impact future outcomes. The company does not guarantee the accuracy or completeness of the information and is not obligated to update the presentation.

Jupiter Mines Declares Interim Dividend Amidst Strong Tshipi Performance
Feb 28, 2025

Jupiter Mines Limited has declared an interim dividend of A$0.0075 per share for the period ending December 31, 2024. This decision follows a dividend declaration by Tshipi é Ntle Manganese Mining Pty Limited, from which Jupiter received a substantial share. The stability of Jupiter’s dividend payments underscores the strength of the Tshipi manganese mine, which continues to perform well despite market volatility, ensuring reliable dividends and reinforcing the long-term value of the Tshipi operation.

Jupiter Mines Announces Dividend Distribution for 2024
Feb 28, 2025

Jupiter Mines Limited has announced a dividend distribution of AUD 0.0075 per share for the period ending December 31, 2024. This distribution, scheduled for payment on March 21, 2025, reflects the company’s financial performance over the past six months and could impact shareholder returns positively.

Jupiter Mines Sees Revenue Surge Despite Profit Dip
Feb 28, 2025

Jupiter Mines Limited reported a significant increase in revenue for the half-year ending December 31, 2024, with a 48.3% rise compared to the previous period. Despite the revenue growth, the company’s profit after taxation slightly decreased by 2.1%. The board declared an interim dividend of $0.0075 per share, reflecting its commitment to returning value to shareholders. This financial performance underscores Jupiter Mines’ stable position in the mining sector, although the slight dip in profit suggests potential challenges in maintaining cost efficiency.

Jupiter Mines Limited Names New Director
Feb 20, 2025

Jupiter Mines Limited has announced the appointment of Hyunchul (Charlie) Chun as a director effective from February 20, 2025. The announcement notes that Chun currently holds no securities or relevant interests in the company, indicating a fresh start in his role. This change in the board may impact the company’s strategic direction and potentially influence stakeholder perceptions and investor relations.

Jupiter Mines Appoints New Alternate Director
Feb 20, 2025

Jupiter Mines Limited has appointed Mr. Hyunchul (Charlie) Chun as an alternate director, nominated by Non-Executive Director Ben Kim. Mr. Chun, who is the Director of Raw Materials Investment at POSCO Australia Pty Ltd, brings extensive experience in raw materials, steelmaking purchasing, and investment, which could bolster Jupiter’s strategic initiatives and strengthen its industry positioning.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.