Boab Metals Ltd (AU:BML)
ASX:BML
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Boab Metals Ltd
(Sydney:BML)
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Rating:42Neutral
Price Target:
AU$0.37
▼(-17.05% Downside)
Action:Reiterated
Date:03/20/26
The score is primarily weighed down by weak financial performance (declining revenue, persistent losses, and negative operating cash flow). Technical indicators also point to ongoing downside pressure, while valuation is hard to support due to negative earnings and no dividend yield data.
Positive Factors
Low leverage / limited debt risk
Sustained low leverage reduces default and refinancing risk and preserves strategic optionality. For an exploration/development company, limited debt lets management prioritize project advancement or opportunistic capex without near-term solvency pressure, enhancing long-term resilience.
Negative Factors
Declining revenue and structural losses
A pronounced revenue decline alongside recurring negative margins signals structural profitability issues. Without durable revenue recovery or margin improvement the company will struggle to self-fund project advancement, increasing reliance on external capital and pressuring long-term viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / limited debt risk
Sustained low leverage reduces default and refinancing risk and preserves strategic optionality. For an exploration/development company, limited debt lets management prioritize project advancement or opportunistic capex without near-term solvency pressure, enhancing long-term resilience.
Read all positive factors
Boab Metals Ltd (BML) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$219.87M
Dividend YieldN/A
Average Volume (3M)2.96M
Price to Earnings (P/E)―
Beta (1Y)2.91
Revenue Growth-100.00%
EPS Growth0.70%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding578,608,500
10 Day Avg. Volume2,390,745
30 Day Avg. Volume2,960,185
Financial Highlights & Ratios
PEG Ratio0.97
Price to Book (P/B)2.24
Price to Sales (P/S)202.64
P/FCF Ratio-9.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.70Price Target Upside286.36% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Boab Metals Ltd Business Overview & Revenue Model
Company Description
Boab Metals Limited engages in the exploration of mineral tenements in Australia and Latin America. The company primarily explores for gold, copper, zinc, silver, and lead deposits. Its flagship property is the Sorby Hills project located in the K...
How the Company Makes Money
null...
Boab Metals Ltd Financial Statement Overview
Summary
Income Statement
30
Negative
Balance Sheet
45
Neutral
Cash Flow
35
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.45K | 174.31K | 136.10K | 201.75K | 160.66K | 122.44K |
| Gross Profit | -8.52K | 174.31K | 136.10K | 201.75K | 160.66K | 122.44K |
| EBITDA | -4.78M | -3.81M | -3.31M | -5.89M | -6.72M | -5.40M |
| Net Income | -3.88M | -3.84M | -3.32M | -5.92M | -6.80M | -5.04M |
Balance Sheet | ||||||
| Total Assets | 121.56M | 16.54M | 12.76M | 11.63M | 11.67M | 18.66M |
| Cash, Cash Equivalents and Short-Term Investments | 89.87M | 7.53M | 5.66M | 4.58M | 6.32M | 12.90M |
| Total Debt | 0.00 | 35.07K | 112.71K | 30.50K | 100.19K | 45.53K |
| Total Liabilities | 22.01M | 748.07K | 667.47K | 1.23M | 1.09M | 1.68M |
| Stockholders Equity | 99.55M | 15.79M | 12.09M | 10.39M | 10.58M | 16.98M |
Cash Flow | ||||||
| Free Cash Flow | -4.83M | -3.84M | -3.67M | -7.02M | -6.53M | -4.60M |
| Operating Cash Flow | -3.75M | -3.83M | -3.66M | -5.38M | -6.49M | -4.55M |
| Investing Cash Flow | -1.59M | -513.24K | -2.70K | -1.64M | -24.27K | 148.40K |
| Financing Cash Flow | 91.72M | 6.21M | 4.75M | 5.27M | -65.92K | 14.39M |
Boab Metals Ltd Technical Analysis
Negative
0.44
Price Trends
0.42
Negative
0.49
Negative
0.43
Negative
Market Momentum
>-0.01
Positive
46.60
Neutral
37.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BML, the sentiment is Negative. The current price of 0.44 is above the 20-day moving average (MA) of 0.41, above the 50-day MA of 0.42, and above the 200-day MA of 0.43, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.60 is Neutral, neither overbought nor oversold. The STOCH value of 37.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BML.
Boab Metals Ltd 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% | |
45 Neutral | AU$129.50M | -19.05 | -5.19% | ― | ― | -70.59% | |
44 Neutral | AU$66.68M | -16.41 | -59.10% | ― | ― | 30.43% | |
44 Neutral | AU$46.16M | 2.63 | 86.21% | ― | ― | ― | |
43 Neutral | AU$40.32M | -11.70 | -0.02% | ― | ― | 13.53% | |
42 Neutral | AU$219.87M | -31.56 | -6.73% | ― | -100.00% | 0.70% | |
41 Neutral | AU$39.50M | -26.49 | -9.25% | ― | ― | -100.00% |
* Basic Materials Sector Average
AU:BML
Boab Metals Ltd
0.40
0.24
150.00%
AU:CRI
Venture Minerals Limited
0.02
0.00
0.00%
AU:EPM
Eclipse Metals Ltd.
0.01
>-0.01
-13.33%
AU:PEX
Peel Mining Limited
0.16
0.08
100.00%
AU:RDM
Red Metal Limited
0.13
0.06
91.18%
AU:LEL
Lithium Energy Ltd.
0.41
0.04
10.81%
Boab Metals Ltd Corporate Events
GR Engineering Wins $109m EPC Contract for Boab’s Sorby Hills Plant Relocation
May 26, 2026
GR Engineering Services Limited has signed a $109 million engineering, procurement and construction contract with Sorby Management, a subsidiary of Boab Metals, to deliver processing infrastructure for the Sorby Hills Silver-Lead Project in Wester...
Boab Metals Seals $109m EPC Deal to Relocate DeGrussa Plant for Sorby Hills
May 26, 2026
Boab Metals has signed a A$109 million engineering, procurement and construction contract with GR Engineering Services to deliver the processing plant for its Sorby Hills Silver-Lead Project in Western Australia. The scope covers dismantling, refu...
Boab Metals Issues Shares to Acquire Kununurra Caravan Park for Sorby Hills
May 21, 2026
Boab Metals has applied to the ASX for quotation of 2,254,283 new fully paid ordinary shares issued as part of the consideration for acquiring the Ivanhoe Caravan Park in Kununurra, Western Australia. The acquisition is intended to support the com...
Boab Metals to Launch Phase IX Drilling to Extend Sorby Hills Mine Life
May 13, 2026
Boab Metals has launched its 2026 brownfield and greenfield drilling programs at the Sorby Hills and Manbarrum projects in northern Australia. The Phase IX campaign at Sorby Hills follows the project’s move into development and construction ...
Boab Metals Secures Funding and Approvals as Sorby Hills Build Accelerates
Apr 30, 2026
Boab Metals has secured final regulatory approvals and executed a A$236 million syndicated debt facility to fund development of its Sorby Hills silver-lead-zinc project in Western Australia. Early works, including site access and foundation pads, ...
Boab Metals Unveils Interactive Investor Hub to Boost Shareholder Engagement
Apr 23, 2026
Boab Metals has launched a new Investor Hub, an interactive online platform designed to centralise and streamline communication with existing and prospective shareholders. The hub provides real-time access to ASX announcements, project updates, co...
Boab Metals to Release 8.3 Million Shares From Voluntary Escrow
Apr 21, 2026
Boab Metals has announced that 8,333,333 ordinary fully paid shares will be released from voluntary escrow on 1 May 2026. The release of these restricted securities will increase the freely tradable share float on the ASX, potentially affecting li...
Boab Metals Secures Long-Term Diesel Supply Deal for Sorby Hills Project
Apr 20, 2026
Boab Metals has secured a six-year diesel supply agreement for its Sorby Hills Silver-Lead-Zinc Project with CGL Fuel, a subsidiary of Cambridge Gulf Limited. The arrangement includes fuel delivery via Wyndham Port and onsite storage and dispensin...
Boab Metals Secures Final Mining Approval for Sorby Hills Project
Mar 29, 2026
Boab Metals has secured approval from Western Australia’s Department of Mines, Petroleum and Exploration for the Mining Proposal and Mine Closure Plan at its Sorby Hills silver-lead-zinc project in the East Kimberley. The decision provides t...
Boab Metals Director Restructures Shareholding via Off‑Market Transfer
Mar 25, 2026
Boab Metals has disclosed a change in director Richard Monti’s relevant interests in the company’s securities, following an off‑market transfer of fully paid ordinary shares. Monti transferred 494,286 ordinary shares, valued at $...
Boab Metals Confirms Secure Diesel Supply for Sorby Hills Project
Mar 19, 2026
Boab Metals has secured confirmation from regional supplier Cambridge Gulf Limited that diesel supplies for its East Kimberley operations, including construction at the Sorby Hills project, are assured in the near term. Current stocks in Wyndham a...
Boab Metals Updates Register After Internal Transfer of Director’s Shares
Mar 17, 2026
Boab Metals has disclosed a change in director Richard Monti’s indirect interest, involving the transfer of 1,561,586 fully paid ordinary shares between entities he controls. The off-market transaction moved the shares from Greatcity Corpora...
Boab Metals Files Interim Report and Highlights Governance Framework
Mar 10, 2026
Boab Metals Ltd has released its consolidated interim financial report for the half year ended 31 December 2025, outlining its corporate structure and regulatory framework. The report confirms the company’s ASX listing details, key governanc...
Boab Metals Added as S&P Dow Jones Revises March 2026 All Ordinaries Rebalance
Mar 10, 2026
SP Dow Jones Indices has updated the March 2026 quarterly rebalance for the All Ordinaries index, confirming that African Gold will not be added and American Rare Earths will remain in the benchmark. The revised changes include the addition of Boa...
S&P Dow Jones Indices Unveils March 2026 S&P/ASX Rebalance
Mar 6, 2026
SP Dow Jones Indices has announced the March 2026 quarterly rebalance of its SP/ASX indices, reshuffling membership across the 20, 50, 100, 200 and 300 benchmarks. The changes will take effect before trading opens on 23 March 2026, impacting index...
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.