Elementos Limited (AU:ELT)
ASX:ELT
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Elementos Limited
(Sydney:ELT)
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Rating:45Neutral
Price Target:
AU$0.41
▲(44.64% Upside)
Action:Reiterated
Date:03/24/26
The score is held down primarily by weak financial performance (minimal revenue, persistent losses, and ongoing cash burn). Technicals also lean bearish with the price below key moving averages and negative MACD, despite oversold signals. Valuation is difficult to support with a negative P/E and no dividend yield data.
Positive Factors
Low leverage and funded balance sheet
The company maintains low reported debt and a growing equity base, which reduces near-term insolvency risk and gives management time to progress projects. A modestly funded balance sheet supports capital-intensive development phases and improves optionality for financing or JV structuring.
Negative Factors
Persistent negative operating cash flow
Sustained negative operating and free cash flow indicates ongoing cash burn and an inability to self-fund development. Over months this raises dilution or refinancing risk, constrains investment execution, and forces management to prioritize financing over organic project advancement.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and funded balance sheet
The company maintains low reported debt and a growing equity base, which reduces near-term insolvency risk and gives management time to progress projects. A modestly funded balance sheet supports capital-intensive development phases and improves optionality for financing or JV structuring.
Read all positive factors
Elementos Limited (ELT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$132.64M
Dividend YieldN/A
Average Volume (3M)216.48K
Price to Earnings (P/E)―
Beta (1Y)1.16
Revenue GrowthN/A
EPS Growth-229.41%
CountryAU
Employees11
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding340,111,100
10 Day Avg. Volume174,208
30 Day Avg. Volume216,476
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)0.82
Price to Sales (P/S)0.00
P/FCF Ratio-17.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.51Price Target Upside82.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.06
Revenue Forecast (FY)AU$103.76M
Elementos Limited Business Overview & Revenue Model
Company Description
Elementos Limited engages in the exploration and development of mineral properties in Australia and Spain. The company primarily explores for tin, copper, and tungsten deposits. Its flagship project is the Oropesa tin project covering an area of 1...
How the Company Makes Money
Elementos Limited generates revenue through the exploration, development, and eventual production of tin. The company invests in the evaluation and expansion of its mining projects in anticipation of extracting and selling tin ore or refined tin. ...
Elementos Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 50.00K | 0.00 | 0.00 |
| Gross Profit | -63.76K | -60.67K | -61.10K | -1.32K | -44.55K | -7.56K |
| EBITDA | -4.59M | -2.18M | -1.14M | -2.17M | -2.18M | -1.49M |
| Net Income | -4.69M | -2.29M | -1.28M | -2.23M | -2.23M | -1.61M |
Balance Sheet | ||||||
| Total Assets | 35.98M | 30.69M | 21.94M | 22.96M | 20.89M | 17.25M |
| Cash, Cash Equivalents and Short-Term Investments | 9.02M | 4.43M | 503.21K | 3.45M | 6.27M | 5.54M |
| Total Debt | 140.49K | 1.13M | 1.06M | 7.06K | 58.21K | 1.57M |
| Total Liabilities | 736.16K | 2.54M | 1.98M | 1.05M | 867.21K | 2.67M |
| Stockholders Equity | 35.24M | 28.15M | 19.96M | 21.91M | 20.02M | 14.58M |
Cash Flow | ||||||
| Free Cash Flow | -2.70M | -1.34M | -3.83M | -5.87M | -5.44M | -3.16M |
| Operating Cash Flow | -2.70M | -1.34M | -1.46M | -1.06M | -1.81M | -1.48M |
| Investing Cash Flow | -2.71M | -3.37M | -2.44M | -4.80M | -3.63M | -1.68M |
| Financing Cash Flow | 13.61M | 8.64M | 953.25K | 3.05M | 6.17M | 8.55M |
Elementos Limited Technical Analysis
Positive
0.28
Price Trends
0.38
Positive
0.39
Positive
0.32
Positive
Market Momentum
>-0.01
Negative
52.64
Neutral
79.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ELT, the sentiment is Positive. The current price of 0.28 is below the 20-day moving average (MA) of 0.39, below the 50-day MA of 0.38, and below the 200-day MA of 0.32, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.64 is Neutral, neither overbought nor oversold. The STOCH value of 79.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ELT.
Elementos 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% | |
49 Neutral | AU$146.71M | -3,316.11 | -0.02% | ― | ― | 99.44% | |
45 Neutral | AU$132.64M | -27.19 | -14.80% | ― | ― | -229.41% | |
45 Neutral | AU$138.48M | -8.83 | -41.80% | ― | ― | -66.67% | |
45 Neutral | AU$94.50M | -1.58 | -67.75% | ― | ― | 69.69% | |
44 Neutral | AU$131.83M | -65.10 | -1.99% | ― | ― | 81.34% | |
43 Neutral | AU$153.28M | -5.27 | -54.77% | ― | -4.13% | 5.02% |
* Basic Materials Sector Average
AU:ELT
Elementos Limited
0.40
0.27
218.55%
AU:ARL
Ardea Resources
0.53
0.13
32.91%
AU:ETM
Greenland Minerals Limited
0.06
0.01
31.82%
AU:TLG
Talga Group
0.29
-0.11
-27.50%
AU:GL1
Global Lithium Resources Ltd.
0.52
0.37
246.67%
AU:HAS
Hastings Technology Metals Limited
0.43
0.13
41.91%
Elementos Limited Corporate Events
Elementos Director Increases Shareholding Through Option Exercise
Jun 4, 2026
Elementos Limited has reported a change in the interests of director Jonathon David, reflecting adjustments to both his direct and indirect holdings in the company’s securities. The notice shows that his interests are partly held through Dou...
Elementos issues 2.5 million new shares under cleansing notice
Jun 4, 2026
Elementos Limited has issued 2,500,000 fully paid ordinary shares, confirming that the issuance was conducted without a prospectus under the relevant provisions of the Corporations Act. The company states it remains compliant with its financial re...
Elementos seeks ASX quotation for 2.5 million new shares
Jun 4, 2026
Elementos Limited has applied for quotation on the ASX of 2,500,000 new ordinary fully paid shares under its ticker ELT. The securities, issued on June 4, 2026, arise from the exercise or conversion of existing options or other convertible securit...
Elementos Expands Strategic Tenure Around Oropesa Tin Project in Spain
May 28, 2026
Elementos Limited has secured three new mineral exploration tenements adjacent to its Oropesa Tin Project in Andalusia, Spain, strengthening its control over a highly prospective base and critical metals district. The Laurencia and Pascuala permit...
Elementos Outlines Funding and Risk Framework for Oropesa Tin Project
May 5, 2026
Elementos Limited has presented an update on its Oropesa Tin Project, highlighting completion of a Definitive Feasibility Study prepared to an AACE Class-3 estimate level with an overall accuracy of plus or minus 10%. The study supports the estima...
Elementos Advances Oropesa Tin Project but Flags Funding and Development Risks
Apr 30, 2026
Elementos Limited reported another quarter of steady advancement on its Oropesa Tin Project, highlighting completion of a Definitive Feasibility Study to a Class-3, DFS-level accuracy and sufficient detail to support Ore Reserve estimation. The co...
Elementos plans investor webinar to outline March quarter progress
Apr 28, 2026
Elementos Limited has scheduled an investor webinar for 30 April 2026, during which Managing Director Joe David will brief shareholders on activities completed in the March quarter and outline planned work for the coming months. The event, which w...
Elementos flags major funding needs and strategic options in half-year report
Mar 11, 2026
Elementos Limited has released its consolidated half-year report for the period ended 31 December 2025, outlining financial and operational progress across its tin projects. The report reiterates that its development plans, production targets, and...
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.