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Sky Metals Limited
(Sydney:SKY)
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Rating:48Neutral
Price Target:
AU$0.18
â–¼(-19.09% Downside)
Action:Reiterated
Date:09/18/26
The score is held down primarily by weak financial performance—minimal revenue, large losses, and persistent negative operating/free cash flow—despite a currently low-debt balance sheet that provides some flexibility. Technical indicators are broadly neutral with slightly negative momentum, and valuation offers limited support due to negative earnings and no dividend yield data.
Positive Factors
Conservative leverage
The very low debt burden gives Sky Metals greater financial flexibility than a highly leveraged explorer. A conservative capital structure can reduce financing pressure, preserve options for project advancement, and provide more capacity to withstand continued early-stage operating losses.
Negative Factors
Minimal operating revenue
Revenue remains negligible relative to the company’s cost base, confirming that Sky Metals has not yet established meaningful operating scale. This limits internally generated funding and leaves financial performance dependent on exploration progress and eventual project development success.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
The very low debt burden gives Sky Metals greater financial flexibility than a highly leveraged explorer. A conservative capital structure can reduce financing pressure, preserve options for project advancement, and provide more capacity to withstand continued early-stage operating losses.
Read all positive factors
Sky Metals Limited (SKY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$173.96M
Dividend YieldN/A
Average Volume (3M)906.58K
Price to Earnings (P/E)―
Beta (1Y)2.02
Revenue GrowthN/A
EPS Growth-29.79%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding994,072,700
10 Day Avg. Volume872,265
30 Day Avg. Volume906,581
Financial Highlights & Ratios
PEG Ratio-1.18
Price to Book (P/B)4.50
Price to Sales (P/S)1892.66
P/FCF Ratio-89.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.39Price Target Upside75.76% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Sky Metals Limited Business Overview & Revenue Model
Company Description
Sky Metals Limited, an Australian entity, specializes in the exploration and development of mineral resources. The company's primary focus is on discovering deposits of various metals, including gold, copper, tin, tungsten, bismuth, indium, nickel...
Sky Metals Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
66
Positive
Cash Flow
22
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 100.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -21.54K | -133.99K | -142.81K | -144.51K | -149.75K |
| EBITDA | -3.98M | -2.99M | 140.73K | ― | 149.75K |
| Net Income | -5.37M | -3.15M | -2.03K | ― | ― |
Balance Sheet | |||||
| Total Assets | 43.61M | 21.94M | 18.42M | 15.51K | 21.54K |
| Cash, Cash Equivalents and Short-Term Investments | 17.59M | 3.43M | 3.26M | 3.83K | 4.60K |
| Total Debt | 190.42K | 277.00 | 352.47K | 418.22K | 505.79K |
| Total Liabilities | 1.53M | 1.48M | 1.28M | 665.00 | 983.00 |
| Stockholders Equity | 42.08M | 20.46M | 17.14M | 14.48K | 20.54K |
Cash Flow | |||||
| Free Cash Flow | -2.13M | -1.62M | -4.56M | -3.90K | -4.00K |
| Operating Cash Flow | -2.04M | -1.60M | -1.31M | -987.00 | -1.22K |
| Investing Cash Flow | -21.97M | -4.82M | -3.21M | -2.94K | -2.89K |
| Financing Cash Flow | 25.17M | 5.60M | 3.94M | 3.17K | 5.18K |
Sky Metals Limited Technical Analysis
Neutral
0.22
Price Trends
0.19
Negative
0.21
Negative
0.20
Negative
Market Momentum
>-0.01
Negative
50.07
Neutral
80.95
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SKY, the sentiment is Neutral. The current price of 0.22 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.19, and above the 200-day MA of 0.20, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.07 is Neutral, neither overbought nor oversold. The STOCH value of 80.95 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:SKY.
Sky Metals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | AU$212.89M | 2.19 | 26.58% | ― | 118.61% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | AU$173.96M | -28.69 | -15.93% | ― | ― | -29.79% | |
48 Neutral | AU$220.24M | -8.73 | -80.60% | ― | -100.00% | -1011.90% | |
45 Neutral | AU$164.85M | -57.69 | -2.30% | ― | ― | 27.78% | |
42 Neutral | AU$144.01M | -19.04 | -7.32% | ― | ― | 49.90% | |
42 Neutral | AU$158.84M | -3.16 | -172.15% | ― | 7017609.82% | 24.94% |
* Basic Materials Sector Average
AU:SKY
Sky Metals Limited
0.18
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Sky Metals Limited Corporate Events
Sky Metals Shareholders Back All Resolutions at 2026 AGM
Oct 20, 2026
Sky Metals Limited has reported the voting results of its Annual General Meeting held on 20 October 2026, with all resolutions passed by strong majorities. Shareholders endorsed the remuneration report, confirmed board appointments and re‑ap...
Sky Metals Seeks ASX Quotation for 1.74 Million New Shares
Oct 8, 2026
Sky Metals Limited has applied to the ASX for quotation of 1,740,000 new ordinary fully paid shares, with an issue date of October 8, 2026. The additional securities arise from the exercise or conversion of existing options or other convertible in...
Sky Metals Director Converts Performance Rights into Ordinary Shares
Oct 8, 2026
Sky Metals Limited has reported a change in director Scott Todd’s relevant interests in company securities, reflecting an internal reallocation between fully paid ordinary shares and performance rights. Todd’s indirect holdings, manage...
Sky Metals Issues New Shares on Performance Right Conversion
Oct 8, 2026
Sky Metals Limited has issued 1,740,000 fully paid ordinary shares following the conversion of performance rights, modestly increasing its share capital on issue. The move reflects the vesting of incentive securities and may slightly dilute existi...
Sky Metals Targets Resource Growth With High-Grade Tin-Tungsten-Silver Hits at Tallebung
Sep 27, 2026
Sky Metals has begun a major drilling program of more than 150 holes at its Tallebung project, aiming to grow resources and increase Measured and Indicated classifications to support potential mine-life extensions. Early diamond drilling assays ha...
Sky Metals Adjusts Capital Structure as 270,000 Performance Rights Lapse
Sep 24, 2026
Sky Metals Limited has notified the market that a total of 270,000 performance rights on issue have ceased, following the lapse of conditional rights that could not be satisfied. The cessation involves 20,000 rights expiring in March 2027 and 250,...
Sky Metals sets October 2026 AGM to vote on board, remuneration and equity issuance
Sep 18, 2026
Sky Metals Limited has called its annual general meeting for 20 October 2026 in Sydney, setting a record date of 18 October for shareholder voting eligibility. The meeting will present the company’s financial statements for the year to 30 Ju...
Sky Metals Releases Comprehensive 2026 Annual Report
Sep 17, 2026
Sky Metals Limited has released its annual report for the financial year ended 30 June 2026, providing a comprehensive overview of its operations, corporate governance, and financial performance. The document outlines the Chairman’s letter, ...
Sky Metals Sets Out 2026 Corporate Governance Framework
Sep 17, 2026
Sky Metals Limited has released its 2026 Corporate Governance Statement, outlining how its board has implemented and monitored governance practices across the financial year ended 30 June 2026. The document confirms the board’s commitment to...
S&P Dow Jones Indices Unveils September 2026 S&P/ASX Rebalance
Sep 4, 2026
SP Dow Jones Indices has announced the September 2026 quarterly rebalance of its SP/ASX index series, with changes taking effect before the market opens on September 21, 2026. The review leaves the SP/ASX 20 unchanged but introduces notable shifts...
Sky Metals to Present Tallebung Project Pre-Feasibility Study in Investor Webinar
Aug 10, 2026
Sky Metals Limited will host a live shareholder and investor webinar on 11 August 2026 to present and discuss the key outcomes of the Pre-Feasibility Study for its Tallebung Tin-Tungsten-Silver Project in New South Wales. The session, led by Manag...
Sky Metals flags low-cost, high-margin outlook for Tallebung critical metals project
Aug 10, 2026
Sky Metals has released an investor presentation highlighting a pre-feasibility study that confirms its Tallebung tin-tungsten-silver project as a low-cost, high-margin development opportunity in Australia. The company positions Tallebung as a sig...
Sky Metals PFS backs low-cost Tallebung critical metals project with strong economics
Aug 10, 2026
Sky Metals has completed a Pre-Feasibility Study for its Tallebung tin-tungsten-silver project in New South Wales, confirming it as a technically robust, low-strip, 3Mtpa open-cut operation with strong economics. The study envisages average annual...
Sky Metals Halts Trading Pending Tallebung Project Update
Aug 5, 2026
Sky Metals Limited has requested and received a voluntary suspension of trading in its securities on the ASX, effective 5 August 2026, under Listing Rule 17.2. The suspension follows an earlier trading halt and will remain in place until either no...
Sky Metals Requests ASX Trading Halt Ahead of Tallebung Project Update
Aug 3, 2026
Sky Metals Limited has requested a trading halt in its shares on the ASX pending a material announcement relating to its Tallebung Tin-Tungsten-Silver Project in New South Wales. The halt, granted under ASX Listing Rule 17.1, will remain in place ...
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.