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Andromeda Metals Limited
(Sydney:ADN)
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Rating:45Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:03/26/26
The score is held down primarily by pre-revenue financial performance (ongoing losses and cash burn), with weak technical signals (below key moving averages and negative MACD). A very low-debt balance sheet and modest recent improvements in losses/cash burn provide partial support, but valuation remains hard to justify while earnings are negative.
Positive Factors
Low leverage
A very low debt load materially reduces financing risk for a development-stage miner. With equity and assets large relative to debt, management has flexibility to fund exploration or development through equity or project financing without heavy interest burdens, supporting optionality.
Negative Factors
Pre-revenue status
No current revenue means there is no market-validated product or cash generation from operations. The business remains fully reliant on advancing resources through development milestones, which increases execution risk and keeps profitability and cash generation uncertain for the foreseeable term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
A very low debt load materially reduces financing risk for a development-stage miner. With equity and assets large relative to debt, management has flexibility to fund exploration or development through equity or project financing without heavy interest burdens, supporting optionality.
Read all positive factors
Andromeda Metals Limited (ADN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$32.35M
Dividend YieldN/A
Average Volume (3M)15.47M
Price to Earnings (P/E)―
Beta (1Y)2.15
Revenue GrowthN/A
EPS Growth-1417.65%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding4,623,631,300
10 Day Avg. Volume11,046,707
30 Day Avg. Volume15,467,179
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)0.26
Price to Sales (P/S)0.00
P/FCF Ratio-4.45
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)<0.01
Revenue Forecast (FY)AU$86.00M
Andromeda Metals Limited Business Overview & Revenue Model
Company Description
Andromeda Metals Limited, an Australian mineral exploration enterprise operating alongside its subsidiaries, focuses on discovering deposits of halloysite, gold, and copper. Its flagship undertaking is the Great White Kaolin project, located on So...
How the Company Makes Money
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Andromeda Metals Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
70
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -433.11K | -491.00K | -425.00K | -191.00K | -93.23K |
| EBITDA | -6.30M | -5.62M | -6.45M | -10.58M | -8.30M | -6.08M |
| Net Income | -105.28M | -6.04M | -7.27M | -9.46M | -8.73M | -6.44M |
Balance Sheet | ||||||
| Total Assets | 71.66M | 160.21M | 158.07M | 165.03M | 174.22M | 17.76M |
| Cash, Cash Equivalents and Short-Term Investments | 10.06M | 7.14M | 5.44M | 15.30M | 32.85M | 4.90M |
| Total Debt | 260.02K | 365.44K | 581.34K | 727.12K | 846.14K | 83.56K |
| Total Liabilities | 2.03M | 2.27M | 3.19M | 2.87M | 3.03M | 1.27M |
| Stockholders Equity | 69.62M | 157.93M | 154.88M | 162.16M | 171.19M | 16.49M |
Cash Flow | ||||||
| Free Cash Flow | -3.11M | -9.05M | -12.95M | -17.38M | -10.23M | -6.85M |
| Operating Cash Flow | -2.56M | -4.77M | -5.05M | -8.78M | -5.12M | -1.73M |
| Investing Cash Flow | -5.97M | -1.40M | -4.56M | -8.58M | -9.86M | -4.29M |
| Financing Cash Flow | 17.43M | 7.87M | -247.60K | -197.01K | 42.93M | 7.93M |
Andromeda Metals Limited 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% | |
47 Neutral | AU$31.59M | -15.13 | -7.34% | ― | ― | 58.33% | |
45 Neutral | AU$32.35M | -0.27 | -92.53% | ― | ― | -1417.65% | |
45 Neutral | AU$29.62M | 36.67 | -24.52% | ― | ― | 58.82% | |
44 Neutral | AU$33.46M | -6.95 | -27.39% | ― | ― | -510.00% |
* Basic Materials Sector Average
AU:ADN
Andromeda Metals Limited
0.01
0.00
0.00%
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Andromeda Metals Limited Corporate Events
Andromeda Reaffirms Great White Project Assumptions in Risk-Focused Update
Jul 12, 2026
Andromeda Metals has released an updated company presentation outlining its current project portfolio and key technical and financial assumptions for the Great White Kaolin Project and its related HPA development. The company reiterates that its f...
Andromeda De-Risks Great White Stage 1A+ as Early Works Wrap Up
Jul 6, 2026
Andromeda Metals has completed transportation of all long lead equipment for the Stage 1A+ development of its Great White Project, with the final filter press components now in Australia and in storage after customs clearance. This caps off a suit...
Andromeda Metals Cancels 4.8 Million Lapsed Performance Rights
Jun 29, 2026
Andromeda Metals Limited has notified the market of the lapse of 4,838,700 performance rights, which have ceased due to conditions attached to those rights not being met or becoming incapable of satisfaction. The cessation, effective 26 June 2026,...
Andromeda Advances High-Purity Alumina Pilot Plant and Targets 2026 Commercial Samples
Jun 22, 2026
Andromeda Metals has begun commissioning its high-purity alumina pilot plant, marking a key step toward continuous-process production using Great White kaolin and its proprietary technology. The pilot program will run through the third quarter of ...
Andromeda Metals Secures $1.66m R&D Tax Refund to Support Great White Project
May 5, 2026
Andromeda Metals has received a $1.66 million tax incentive refund for the 2025 financial year, stemming from $3.4 million in eligible research and development expenditure linked to its Great White Project. The refund provides a direct cash boost ...
Andromeda Metals CFO to Depart as Miner Advances Funding and Leadership Transition
Apr 30, 2026
Andromeda Metals has announced that Chief Financial Officer Pascal Alexander-Bossy will resign effective 26 June 2026, after joining the company in November 2023 and contributing to key funding initiatives. A specialist recruitment firm already en...
Andromeda Advances Great White and HPA Projects Amid Funding Delays
Apr 29, 2026
Andromeda Metals reported further progress at its Great White Project during the March 2026 quarter, completing on-site Early Works that established the mine site, reduced construction risk and lowered the equity needed ahead of a final investment...
Andromeda Completes Early Works at Great White, Cuts Equity Needed for FID
Apr 15, 2026
Andromeda Metals has completed its on-site Early Works program at the Great White Project, advancing site readiness for Stage 1A+ development while moderating expenditure amid ongoing funding discussions. The company reports that key preparatory a...
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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.