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Kodal Minerals
(LSE:KOD)
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Rating:46Neutral
Price Target:
0.27 p
▼(-3.57% Downside)
Action:Reiterated
Date:08/25/26
The score is held down primarily by weak financial performance (no revenue reported, operating losses, and ongoing negative free cash flow) and bearish technicals (price below key moving averages with negative MACD). A debt-free balance sheet and generally positive corporate updates around Bougouni production/exports provide some support, but valuation signals remain weak due to negative earnings and no dividend yield data.
Positive Factors
Debt-Free Balance Sheet
The absence of reported debt limits interest costs, refinancing pressure and lender-related constraints. Substantial equity provides a financial cushion while Bougouni is developed, although continued losses could gradually reduce this protection.
Negative Factors
No Operating Revenue
Kodal has not yet demonstrated a functioning revenue-generating business, leaving its economics dependent on future Bougouni production. Until concentrate sales begin, earnings quality and business self-sufficiency remain unproven.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
The absence of reported debt limits interest costs, refinancing pressure and lender-related constraints. Substantial equity provides a financial cushion while Bougouni is developed, although continued losses could gradually reduce this protection.
Read all positive factors
Kodal Minerals (KOD) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£56.03M
Dividend YieldN/A
Average Volume (3M)21.61M
Price to Earnings (P/E)―
Beta (1Y)0.53
Revenue GrowthN/A
EPS Growth-135.71%
CountryUK
Employees54
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding20,373,200,000
10 Day Avg. Volume22,668,076
30 Day Avg. Volume21,605,925
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)1.53
Price to Sales (P/S)0.00
P/FCF Ratio-23.45
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£1.00Price Target Upside257.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)<0.01
Revenue Forecast (FY)£63.46M
Kodal Minerals Business Overview & Revenue Model
Company Description
Kodal Minerals PLC, together with its subsidiaries, engages in the exploration and evaluation of mineral resources in West Africa. The company explores for lithium and gold deposits. Its flagship project is the Bougouni Lithium project covering an...
How the Company Makes Money
Kodal Minerals’ economic model is centered on developing and operating its lithium project(s) and generating revenue from the sale of lithium products. If/when in production, the primary revenue stream is expected to be sales of spodumene concentr...
Kodal Minerals 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 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -16.67K | -13.14K | -15.31K | -6.92K |
| EBITDA | -1.81M | -1.81M | -1.77M | -1.45M | -896.17K |
| Net Income | -2.37M | -11.03M | 27.19M | -1.46M | -903.09K |
Balance Sheet | |||||
| Total Assets | 44.09M | 45.79M | 57.57M | 12.50M | 13.26M |
| Cash, Cash Equivalents and Short-Term Investments | 14.87M | 16.89M | 16.33M | 544.99K | 2.43M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 417.79K | 208.32K | 139.30K | 406.34K | 624.62K |
| Stockholders Equity | 43.67M | 45.58M | 57.43M | 14.88M | 12.09M |
Cash Flow | |||||
| Free Cash Flow | -2.85M | -2.61M | -5.27M | -3.24M | -1.11M |
| Operating Cash Flow | -2.79M | -2.44M | -2.53M | -768.24K | -575.52K |
| Investing Cash Flow | 6.03K | 2.98M | 3.47M | -2.48M | -535.95K |
| Financing Cash Flow | 86.67K | 23.75K | 14.87M | 3.20M | 1.96M |
Kodal Minerals Technical Analysis
Negative
0.28
Price Trends
0.29
Negative
0.30
Negative
0.34
Negative
Market Momentum
>-0.01
Negative
45.55
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:KOD, the sentiment is Negative. The current price of 0.28 is below the 20-day moving average (MA) of 0.29, below the 50-day MA of 0.29, and below the 200-day MA of 0.34, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.55 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:KOD.
Kodal Minerals 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% | |
48 Neutral | £12.54M | -3.96 | -19.28% | ― | ― | ― | |
46 Neutral | £56.03M | -27.50 | -5.37% | ― | ― | -135.71% | |
41 Neutral | £21.91M | -2.70 | -16.51% | ― | ― | 76.95% | |
29 Underperform | £120.63M | -31.72 | -15.04% | ― | ― | 36.62% |
* Basic Materials Sector Average
GB:KOD
Kodal Minerals
0.28
-0.07
-19.12%
GB:ALL
Atlantic Lithium
15.05
5.25
53.57%
GB:TGR
Tirupati Graphite Plc
0.97
-5.28
-84.48%
GB:BHL
Bradda Head Lithium Limited
2.20
1.22
124.49%
GB:CTL
CleanTech Lithium PLC
6.00
0.75
14.29%
Kodal Minerals Corporate Events
Business Operations and StrategyShareholder Meetings
Kodal Minerals Wins Shareholder Backing at General Meeting
Positive
Jul 28, 2026
Kodal Minerals said shareholders approved all resolutions at its latest general meeting, including the receipt of its 2025 annual report, reappointment of auditors and an advisory vote on the directors’ remuneration report. The outcome provi...
Business Operations and StrategyFinancial Disclosures
Kodal Minerals boosts cash generation as Bougouni lithium exports and debt repayments ramp up
Positive
Jul 17, 2026
Kodal Minerals reported another quarter of lithium production and exports from its Bougouni project in Mali, underscoring its role as an emerging West African supplier of spodumene concentrate into the Chinese battery materials market. The company...
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
Kodal Minerals Calls General Meeting as Bougouni Lithium Project Advances
Positive
Jun 30, 2026
Kodal Minerals has called a general meeting for 28 July 2026 in London to allow shareholders to vote on receiving the recently published annual report and accounts, reappointing auditors and providing an advisory vote on the company’s remune...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Kodal Minerals AGM Passes All Resolutions as Director Steps Down
Positive
Jun 24, 2026
Kodal Minerals reported that all resolutions at its Annual General Meeting were approved, with the exception of a re-election motion for director Steve Zaninovich, which was withdrawn after he chose not to stand and consequently left the board. Vo...
Business Operations and StrategyExecutive/Board Changes
Kodal Minerals Director Steps Down but Stays On as Consultant to Bougouni Lithium Mine
Positive
Jun 24, 2026
Kodal Minerals has announced that non-executive director Steve Zaninovich will step down from the board following the company’s annual general meeting on 24 June 2026, after having played a central role in advancing the Bougouni Lithium mine...
Business Operations and StrategyFinancial DisclosuresLegal Proceedings
Kodal Minerals Transitions to Lithium Producer as Bougouni Ramps Up Exports
Positive
Jun 23, 2026
Kodal Minerals reported a transformational nine‑month period to 31 December 2025 as it moved from developer to producer at its Bougouni Lithium Project in Mali, achieving commercial output of spodumene concentrate via a dense media separatio...
Business Operations and StrategyShareholder Meetings
Kodal Minerals Plans Post-AGM Webcast as Bougouni Lithium Project Advances
Positive
Jun 5, 2026
Kodal Minerals has scheduled a live webcast and QA for shareholders and prospective investors on 24 June 2026 via the Engage Investor platform, immediately after its annual general meeting in London. The session, to be led by CEO Bernard Aylward a...
Financial DisclosuresShareholder Meetings
Kodal Minerals Delays Key AGM Resolutions Pending Completion of Bougouni Audit
Neutral
Jun 1, 2026
Kodal Minerals has scheduled its annual general meeting for 24 June 2026 in London, where routine shareholder business will proceed but key resolutions related to receiving the annual report, accounts and the remuneration report will be omitted. T...
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.