Connected IO Ltd. (AU:CML)
ASX:CML
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Connected IO
(Sydney:CML)
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Rating:50Neutral
Price Target:
AU$0.30
▲(66.67% Upside)
Action:Reiterated
Date:06/03/26
The score is held down primarily by weak financial performance—ongoing losses, zero recent revenue, and persistent cash burn that implies continued funding/execution risk. This is partially offset by strong technical trend signals (price above key moving averages with positive momentum) and a low-debt balance sheet, while valuation remains constrained by negative earnings and no stated dividend yield.
Positive Factors
Low leverage / positive equity
A zero-debt position in 2024–2025 and positive equity materially reduces near-term solvency risk and interest burden. This structural balance-sheet strength gives management flexibility to fund operations or restructure capital without immediate creditor pressure, lasting through multi-quarter funding cycles.
Negative Factors
Zero recent revenue
Lack of recorded revenue across multiple years is a fundamental barrier to sustainable operations and scale. Without demonstrated sales traction, product-market fit and recurring billing remain unproven, constraining ability to leverage fixed costs or convert investments into durable operating cash flow over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / positive equity
A zero-debt position in 2024–2025 and positive equity materially reduces near-term solvency risk and interest burden. This structural balance-sheet strength gives management flexibility to fund operations or restructure capital without immediate creditor pressure, lasting through multi-quarter funding cycles.
Read all positive factors
Connected IO (CML) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$17.48M
Dividend YieldN/A
Average Volume (3M)66.86K
Price to Earnings (P/E)―
Beta (1Y)1.00
Revenue GrowthN/A
EPS Growth8.08%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding58,283,210
10 Day Avg. Volume66,011
30 Day Avg. Volume66,856
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.75
Price to Sales (P/S)0.00
P/FCF Ratio-3.07
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
Connected IO Business Overview & Revenue Model
Company Description
Connected Minerals Limited is a company primarily engaged in mineral exploration and resource development, with operations spanning Namibia and Western Australia. The firm actively seeks out a variety of valuable commodities, including uranium, le...
How the Company Makes Money
Connected IO (CML) generates revenue primarily through the sale of its wireless communication hardware products and software services. The company earns income by providing its devices to businesses that require reliable IoT and M2M communication ...
Connected IO Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | Jun 2024 | Jun 2024 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 902.64K | 1.20M |
| Gross Profit | -8.70K | 0.00 | 0.00 | 157.44K | -871.15K |
| EBITDA | -2.27M | -453.60K | -446.00K | -971.00K | -5.45M |
| Net Income | -2.23M | -417.68K | -456.00K | -984.00K | -5.69M |
Balance Sheet | |||||
| Total Assets | 7.37M | 1.26M | 1.72M | 2.38M | 8.48M |
| Cash, Cash Equivalents and Short-Term Investments | 924.83K | 1.24M | 1.71M | 2.30M | 1.55M |
| Total Debt | 0.00 | 0.00 | 96.46K | 222.64K | 1.91M |
| Total Liabilities | 110.87K | 88.85K | 136.03K | 338.22K | 159.18K |
| Stockholders Equity | 7.26M | 1.17M | 1.59M | 2.04M | 8.32M |
Cash Flow | |||||
| Free Cash Flow | -1.77M | -467.31K | -373.02K | -3.27M | -1.25M |
| Operating Cash Flow | -1.74M | -467.31K | -373.02K | -3.26M | -374.78K |
| Investing Cash Flow | -2.96M | 0.00 | 0.00 | -3.34K | -1.48M |
| Financing Cash Flow | 4.39M | 0.00 | -222.64K | 2.41M | 767.63K |
Connected IO 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% | |
50 Neutral | AU$17.48M | -7.41 | -34.02% | ― | ― | 8.08% | |
44 Neutral | AU$11.04M | -1.19 | -89.04% | ― | 24.91% | -286.73% | |
43 Neutral | AU$7.35M | -1.07 | -10.09% | ― | ― | 31.93% | |
43 Neutral | AU$10.26M | -7.58 | -7.48% | ― | ― | 23.81% | |
43 Neutral | AU$8.24M | -3.05 | 110.58% | ― | ― | 90.94% | |
42 Neutral | AU$7.06M | -1.75 | -19.33% | ― | ― | 43.90% |
* Basic Materials Sector Average
AU:CML
Connected IO
0.30
0.16
114.29%
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Connected IO Corporate Events
Connected Minerals Appoints New Director With No Initial Shareholding
May 6, 2026
Connected Minerals Limited has appointed Stephen Wetherall as a director effective 4 May 2026, and lodged an initial director’s interest notice with the ASX in line with its disclosure obligations. The filing confirms that Wetherall currentl...
Connected Minerals Defends Timing of Market Disclosure on Frontier Deal and Capital Raising
May 6, 2026
Connected Minerals has responded to an ASX aware letter, confirming that both a planned transaction involving Frontier Group CRM Pty Ltd and an associated capital raising are considered materially price-sensitive. The company said binding terms fo...
Connected Minerals Discloses Director Resignation and Final Interest Notice
May 5, 2026
Connected Minerals Limited has announced the resignation of director Barend Morkel, effective 4 May 2026, and lodged a final director’s interest notice with the ASX. The filing shows Morkel holds no shares directly in the company but retains...
Connected Minerals Discloses Departure of Director Without Equity Interests
May 4, 2026
Connected Minerals Limited has announced that director Barend Morkel has ceased to be a director of the company as of 4 May 2026. The company disclosed that Morkel held no relevant interests in the company’s securities, either directly or in...
Connected Minerals Trading Resumes After Deal and Capital Plan Reveal
May 4, 2026
Trading in the securities of Connected Minerals Limited on the ASX has been reinstated following the company’s release of details about a proposed acquisition and related capital raising. The lifting of the suspension allows investors to aga...
Connected Minerals Plans Major Equity and Performance Share Issue
May 4, 2026
Connected Minerals Limited has outlined plans for a new securities issue that will see up to 52,272,727 ordinary fully paid shares placed on the market alongside two new classes of performance shares. The proposed capital raising, scheduled for ea...
Connected Minerals Plans Equity Placement of 27.3 Million Shares
May 4, 2026
Connected Minerals Limited has outlined plans for a new equity placement, proposing the issue of up to 27,272,727 ordinary fully paid shares. The proposed issue date is 3 July 2026, and the company has lodged the required Appendix 3B with the ASX,...
Connected Minerals Moves Into Angolan Critical Minerals With Bailundo Carbonatite Acquisition
May 4, 2026
Connected Minerals has agreed to acquire 100% of Frontier Group CRM, gaining an indirect 80% interest in the Bailundo Carbonatite Project in central Angola, which hosts a ~7km diameter carbonatite complex with high-grade niobium and rare earth ele...
Connected Minerals Seeks Voluntary Suspension Ahead of Acquisition and Capital Raising Update
Apr 30, 2026
Connected Minerals Limited has requested a voluntary suspension of trading in its shares on the ASX, following an earlier trading halt, as it prepares to release details of a proposed acquisition and associated capital raising. The suspension, gra...
Connected Minerals Highlights High-Grade Uranium Results at Etango North-East in Namibia
Apr 29, 2026
Connected Minerals reported on quarterly activities centred on its Namibian uranium portfolio, highlighting progress at the Etango North-East Project. The company emphasised its strategic landholding in Namibia’s key uranium province, suppor...
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.