Andromeda Metals Limited (AU:ADN)
ASX:ADN
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Andromeda Metals Limited
(Sydney:ADN)
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Rating:45Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:ReiteratedDate: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 balance sheet
A very low debt load materially reduces financial risk and preserves funding optionality during development. For a pre-revenue miner, conservative leverage supports ability to finance project milestones, negotiate offtakes, and absorb timing delays without high interest burdens.
Negative Factors
Pre-revenue operations
Absence of operating revenue means the company cannot yet demonstrate commercial product-market fit or cash-generative operations. Long-term value depends entirely on successful project delivery, product qualification and market uptake—each a multi-stage execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage balance sheet
A very low debt load materially reduces financial risk and preserves funding optionality during development. For a pre-revenue miner, conservative leverage supports ability to finance project milestones, negotiate offtakes, and absorb timing delays without high interest burdens.
Read all positive factors
Andromeda Metals Limited (ADN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$41.59M
Dividend YieldN/A
Average Volume (3M)15.47M
Price to Earnings (P/E)―
Beta (1Y)1.95
Revenue GrowthN/A
EPS Growth21.74%
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)N/A
Revenue Forecast (FY)N/A
Andromeda Metals Limited Business Overview & Revenue Model
Company Description
Andromeda Metals Limited, together with its subsidiaries, operates as a mineral exploration company in Australia. The company explores for halloysite, gold, and copper deposits. Its primary project is the Great White Kaolin project located in the ...
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% | |
51 Neutral | AU$50.07M | -3.39 | -8.26% | ― | ― | 78.30% | |
46 Neutral | AU$135.60M | -160.11 | -7.69% | ― | ― | -275.00% | |
45 Neutral | AU$41.59M | -0.14 | -92.53% | ― | ― | 21.74% | |
43 Neutral | AU$37.67M | -2.50 | -26.62% | ― | ― | -18.18% | |
43 Neutral | AU$99.41M | -8.97 | -9.28% | ― | ― | 16.52% | |
42 Neutral | AU$59.25M | -15.58 | -9.25% | ― | ― | 33.33% |
* Basic Materials Sector Average
AU:ADN
Andromeda Metals Limited
0.01
0.00
0.00%
AU:EPM
Eclipse Metals Ltd.
0.02
<0.01
20.00%
AU:AGR
Aguia Resources Limited
0.03
-0.02
-48.98%
AU:MEU
Marmota Limited
0.11
0.07
191.67%
AU:GCM
Chase Mining Corporation Limited
0.01
<0.01
30.00%
AU:VHM
VHM Limited
0.34
0.11
47.83%
Andromeda Metals Limited Corporate Events
Andromeda Metals Seeks ASX Quotation for Additional Ordinary Shares
Apr 2, 2026
Andromeda Metals Limited has applied to the ASX for quotation of 68,572 new ordinary fully paid shares following the conversion of options or other convertible securities. The newly issued securities, which will trade under the existing ADN code, ...
Andromeda Metals presses on with HPA pilot as Middle East turmoil delays cornerstone funding
Mar 31, 2026
Andromeda Metals has advanced negotiations with a preferred global cornerstone equity investor to fund Stage 1A+ of its Great White Project and HPA project, in conjunction with an existing $75 million Merricks Capital debt facility. However, the M...
Andromeda Metals Issues Half-Year 2025 Financial Report
Mar 16, 2026
Andromeda Metals Limited has released its financial report for the half-year ended 31 December 2025, providing shareholders with an overview of profit or loss, financial position, cash flows, and changes in equity. The report package includes the ...
Andromeda Advances Funding, Early Works and HPA Pilot Plans for Great White Project
Jan 30, 2026
Andromeda Metals reported steady progress in the December 2025 quarter on securing funding and advancing site activities for its Great White Project, including moving due diligence forward with a prospective cornerstone asset-level investor and pr...
Andromeda Metals Seeks ASX Quotation for Additional Ordinary Shares
Jan 21, 2026
Andromeda Metals Limited has applied to the ASX for quotation of 128,571 new fully paid ordinary shares, issued on 16 January 2026. The modest increase in quoted securities reflects the conversion or exercise of existing options or other convertib...
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
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