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Capital Metals plc
(LSE:CMET)
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Rating:45Neutral
Price Target:
4.00 p
▲(0.00% Upside)
Action:N/A
Date:09/12/26
The score is held down primarily by weak financial performance (no revenue, recurring losses, and persistent negative free cash flow), indicating reliance on external funding until operations improve. Technicals are also bearish with the price below key moving averages and negative MACD, despite oversold readings. Valuation provides limited support because the negative P/E reflects losses and no dividend yield is available.
Positive Factors
Debt-free balance sheet
The absence of debt limits leverage-related financial risk and reduces exposure to interest costs or refinancing pressure. This gives Capital Metals greater balance-sheet flexibility while it advances its projects, although it does not remove the need to fund ongoing operations.
Negative Factors
No demonstrated revenue base
The absence of revenue shows that Capital Metals has not yet established a commercial operating base or proven customer monetisation. Until production begins, the company cannot rely on recurring sales to fund its activities, making future progress dependent on successful development and financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt limits leverage-related financial risk and reduces exposure to interest costs or refinancing pressure. This gives Capital Metals greater balance-sheet flexibility while it advances its projects, although it does not remove the need to fund ongoing operations.
Read all positive factors
Capital Metals plc (CMET) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£18.95M
Dividend YieldN/A
Average Volume (3M)270.12K
Price to Earnings (P/E)―
Beta (1Y)-0.03
Revenue GrowthN/A
EPS Growth-19.05%
CountryUK
Employees18
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding492,299,400
10 Day Avg. Volume190,444
30 Day Avg. Volume270,124
Financial Highlights & Ratios
PEG Ratio-0.56
Price to Book (P/B)5.42
Price to Sales (P/S)0.00
P/FCF Ratio-17.34
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)£11.40M
Capital Metals plc Business Overview & Revenue Model
Company Description
Capital Metals plc specializes in the discovery, evaluation, and development of mineral sands resources, conducting its operations both in Sri Lanka and internationally. A significant holding for the company is its interest in the Eastern Minerals...
How the Company Makes Money
Capital Metals’ business model is to create value by progressing mineral sand assets from exploration into development and, subject to permitting, financing, and construction, into commercial production. In a production scenario, the primary reven...
Capital Metals plc Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -9.86K | -6.64K | -4.02K | -3.29K | -8.64K |
| EBITDA | -2.05M | -1.15M | -907.38K | -1.12M | -1.83M |
| Net Income | -2.05M | -1.16M | -930.89K | -1.14M | -2.14M |
Balance Sheet | |||||
| Total Assets | 11.02M | 7.66M | 8.63M | 4.86M | 8.14M |
| Cash, Cash Equivalents and Short-Term Investments | 3.47M | 1.35M | 3.08M | 1.78M | 1.80M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.43M | 1.48M | 1.45M | 1.44M | 1.31M |
| Stockholders Equity | 9.77M | 6.29M | 7.25M | 3.52M | 5.07M |
Cash Flow | |||||
| Free Cash Flow | -3.06M | -1.84M | -1.32M | -1.48M | -1.73M |
| Operating Cash Flow | -1.69M | -1.19M | -877.45K | -984.00K | -1.60M |
| Investing Cash Flow | -1.22M | -626.65K | -436.21K | -492.00K | -133.00K |
| Financing Cash Flow | 5.00M | 0.00 | 4.18M | 1.52M | 3.28M |
Capital Metals plc Technical Analysis
Negative
4.00
Price Trends
4.33
Negative
4.68
Negative
4.69
Negative
Market Momentum
-0.13
Negative
30.08
Neutral
35.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CMET, the sentiment is Negative. The current price of 4 is above the 20-day moving average (MA) of 3.99, below the 50-day MA of 4.33, and below the 200-day MA of 4.69, indicating a bearish trend. The MACD of -0.13 indicates Negative momentum. The RSI at 30.08 is Neutral, neither overbought nor oversold. The STOCH value of 35.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:CMET.
Capital Metals plc 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% | |
54 Neutral | £687.31M | -1.70 | -2022.63% | ― | ― | -161.22% | |
50 Neutral | £37.98M | 17.00 | 21.18% | 0.32% | ― | ― | |
45 Neutral | £18.95M | -15.78 | -20.18% | ― | ― | -19.05% | |
44 Neutral | £37.37M | -0.89 | -105.06% | ― | ― | -37.93% | |
41 Neutral | £89.96M | -0.34 | 602.92% | ― | ― | ― |
* Basic Materials Sector Average
GB:CMET
Capital Metals plc
3.85
0.25
6.94%
GB:BZT
Bezant Resources
0.17
0.12
240.00%
GB:80M
Bluejay Mining
0.72
0.22
43.37%
GB:CRTM
Critical Metals Plc
11.70
3.22
38.05%
GB:TUN
Tungsten West Plc
51.00
41.90
460.44%
GB:MET1
Metals One PLC
1.28
-2.57
-66.75%
Capital Metals plc Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Capital Metals issues new shares to broker as Sri Lanka mineral sands project advances
Positive
Sep 10, 2026
Capital Metals plc, an AIM-quoted mineral sands company, is advancing its Taprobane Minerals Project in Sri Lanka, a deposit rich in ilmenite, rutile, zircon and garnet that has been identified as one of the highest-grade projects of its kind worl...
Business Operations and StrategyShareholder Meetings
Capital Metals Sets October AGM as Sri Lanka Mineral Sands Project Advances
Positive
Sep 9, 2026
Capital Metals plc has called its Annual General Meeting, to be held on 2 October 2026 in London, and has circulated the notice to shareholders along with its latest Annual Report and Accounts. The AGM notice is also available on the company’...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and FinancingRegulatory Filings and Compliance
Capital Metals cuts Taprobane project capex and secures Sri Lankan backing
Positive
Sep 8, 2026
Capital Metals reported significant progress towards bringing its Taprobane Minerals Project to a final investment decision during the year to 31 March 2026. The group completed Phase 1 aircore drilling that materially upgraded resources in the in...
Business Operations and Strategy
Capital Metals Backs Sri Lanka Push to Build Competitive Mineral Sands Industry
Positive
Jun 17, 2026
Capital Metals has emerged as a key supporter of Sri Lanka’s inaugural Mineral Sands Technical Conference, held to examine how the country can convert its substantial mineral sands resources into long-term economic value. As a platinum spons...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Capital Metals Issues New Shares and Options as Sri Lanka Mineral Sands Project Advances
Positive
Jun 15, 2026
Capital Metals plc, a UK-listed mineral sands developer, is advancing the Taprobane Minerals Project in eastern Sri Lanka, which contains high-grade ilmenite, rutile, zircon and garnet resources. Independent economic analysis has indicated substan...
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.