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Metals Australia Ltd
(Sydney:MLS)
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Rating:47Neutral
Price Target:
AU$0.02
▼(-5.00% Downside)
Action:Reiterated
Date:10/16/26
The score is primarily held back by weak financial performance—ongoing losses, revenue instability (including zero revenue in 2026), and consistently negative operating/free cash flow—partly offset by a strong, low-risk balance sheet with no debt. Technicals are largely neutral with only mild negative momentum signals, while valuation is constrained by negative earnings and the absence of a dividend yield.
Positive Factors
Debt-free balance sheet
Zero reported debt and approximately A$30.9m of equity against A$32.8m of assets give MLS a comparatively resilient capital structure. Low leverage reduces refinancing pressure and preserves flexibility to fund exploration or withstand periods of weak operating performance.
Negative Factors
Unstable revenue base
Revenue increased from A$70k in 2023 to A$1.78m in 2025 but fell to zero in 2026. This sharp instability shows that operating income is not yet dependable, limiting earnings visibility and making sustained growth difficult to underwrite over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt and approximately A$30.9m of equity against A$32.8m of assets give MLS a comparatively resilient capital structure. Low leverage reduces refinancing pressure and preserves flexibility to fund exploration or withstand periods of weak operating performance.
Read all positive factors
Metals Australia Ltd (MLS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$13.22M
Dividend YieldN/A
Average Volume (3M)166.33K
Price to Earnings (P/E)―
Beta (1Y)0.76
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding734,219,540
10 Day Avg. Volume156,713
30 Day Avg. Volume166,333
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.47
Price to Sales (P/S)0.00
P/FCF Ratio-20.58
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
Metals Australia Ltd Business Overview & Revenue Model
Company Description
Metals Australia Ltd is a company primarily focused on identifying and advancing mineral deposits across Australia and Canada. The firm's exploration efforts largely target a variety of valuable minerals, including precious metals such as gold and...
Metals Australia Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
28
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 1.78M | 791.52K | 70.00K | 42.21K |
| Gross Profit | 0.00 | 1.78M | 791.52K | 587.36K | 42.21K |
| EBITDA | -1.60M | 535.06K | -87.26K | -36.38K | -2.02M |
| Net Income | -1.51M | -1.56M | -537.68K | -808.59K | -2.21M |
Balance Sheet | |||||
| Total Assets | 32.80M | 35.07M | 37.17M | 34.16M | 30.77M |
| Cash, Cash Equivalents and Short-Term Investments | 3.75M | 8.61M | 17.37M | 15.96M | 19.14M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 612.07K | 606.45K | 1.29M | 143.93K | 255.39K |
| Stockholders Equity | 30.91M | 33.18M | 34.60M | 32.74M | 30.59M |
Cash Flow | |||||
| Free Cash Flow | -710.44K | -8.82M | -1.86M | -1.95M | -1.88M |
| Operating Cash Flow | -710.44K | -670.05K | -151.92K | -225.81K | -708.35K |
| Investing Cash Flow | -3.98M | -8.19M | -1.71M | -2.92M | -1.17M |
| Financing Cash Flow | 0.00 | 0.00 | 3.29M | 19.96M | 19.96M |
Metals Australia Ltd Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
44.40
Neutral
83.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MLS, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.40 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MLS.
Metals Australia 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% | |
53 Neutral | AU$10.73M | 7.19 | 22.53% | ― | 739.65% | ― | |
48 Neutral | AU$12.86M | -6.22 | -174.24% | ― | ― | 56.67% | |
47 Neutral | AU$13.22M | -8.57 | -4.81% | ― | ― | ― | |
47 Neutral | AU$20.99M | -4.42 | -13.70% | ― | ― | -85.25% | |
42 Neutral | AU$11.51M | -2.34 | -130.09% | ― | ― | -41.92% | |
28 Underperform | AU$15.78M | -3.00 | -39.88% | ― | ― | 26.32% |
* Basic Materials Sector Average
AU:MLS
Metals Australia Ltd
0.02
-0.01
-40.00%
AU:ADY
Admiralty Resources NL
0.01
0.00
0.00%
AU:BUX
Buxton Resources Limited
0.02
>-0.01
-28.13%
AU:DME
Dome Gold Mines Ltd.
0.05
-0.08
-61.54%
AU:CR1
Constellation Resources Ltd.
0.12
-0.07
-36.51%
AU:MGA
Metalsgrove Mining Ltd.
0.08
0.01
18.75%
Metals Australia Ltd Corporate Events
Metals Australia Reaffirms Lac Carheil Graphite Forecasts and Tier-One Metals Strategy
Oct 5, 2026
Metals Australia Ltd has outlined its strategy to build value by expanding exposure to critical, base and precious metals through its Quebec-based subsidiary Northern Resources Inc. The company is targeting tier-one jurisdictions and battery-relat...
Metals Australia Sets Date for 2026 AGM and Director Nomination Deadline
Oct 1, 2026
Metals Australia Ltd has scheduled its 2026 Annual General Meeting for 26 November 2026, with further details on attendance and voting to be provided in a forthcoming notice. The meeting will include the election of directors, and the company has ...
Metals Australia Unveils Major Manindi West VTM Resource and High-Purity TiO₂ Upside
Sep 24, 2026
Metals Australia has declared a maiden inferred mineral resource at its Manindi West vanadium-titanium-magnetite project in Western Australia, outlining 45.7 Mt at 9.4% titanium oxide, 0.25% vanadium oxide and 21% iron within the Discovery Zone. T...
Metals Australia Files Updated Corporate Governance Statement and Appendix 4G
Sep 22, 2026
Metals Australia has lodged its updated corporate governance statement for the year ended 30 June 2026, confirming that the document is current as of 22 September 2026 and available on its website rather than within the annual report. The accompan...
Metals Australia Issues Full-Year Corporate Reporting Package
Sep 22, 2026
Metals Australia Ltd has released a structured corporate document outlining its annual reporting materials, including a directors’ report, audited financial statements, disclosures, and shareholder and tenement information. The contents indi...
Metals Australia Reaffirms Lac Carheil Graphite Forecasts and Compliance
Jul 30, 2026
Metals Australia Ltd, an ASX-listed resources company, is advancing a diversified portfolio of critical, base and precious metal projects across Canada and Australia, with a particular focus on the Lac Carheil Graphite Project through its Quebec s...
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.
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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.