Eclipse Metals Ltd. (AU:EPM)
ASX:EPM
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Eclipse Metals Ltd.
(Sydney:EPM)
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Select Model
Rating:42Neutral
Price Target:
AU$0.02
▼(-5.00% Downside)
Action:ReiteratedDate:03/24/26
The score is held down primarily by weak financial performance (declining revenue, ongoing large losses, and sustained cash burn). Technicals add further pressure with a clear downtrend and negative momentum, while valuation contributes little support due to negative earnings and no indicated dividend.
Positive Factors
Conservative balance sheet
Zero reported debt in 2025 and higher equity give the company financial flexibility to fund exploration cycles, pursue joint ventures, or withstand prolonged development timelines without immediate solvency pressure. This lowers default risk and preserves strategic optionality.
Negative Factors
Declining revenue
An approximate 18% revenue decline in 2025 indicates weakening commercial traction or project monetization. For an explorer/developer dependent on progressing assets to cash flows, falling revenue lengthens the path to self-sufficiency and increases reliance on external capital or JV partners.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Zero reported debt in 2025 and higher equity give the company financial flexibility to fund exploration cycles, pursue joint ventures, or withstand prolonged development timelines without immediate solvency pressure. This lowers default risk and preserves strategic optionality.
Read all positive factors
Eclipse Metals Ltd. (EPM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$65.84M
Dividend YieldN/A
Average Volume (3M)6.85M
Price to Earnings (P/E)―
Beta (1Y)3.13
Revenue GrowthN/A
EPS Growth33.33%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding3,291,802,200
10 Day Avg. Volume2,350,424
30 Day Avg. Volume6,846,683
Financial Highlights & Ratios
PEG Ratio1.11
Price to Book (P/B)2.43
Price to Sales (P/S)7971.58
P/FCF Ratio-41.02
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
Eclipse Metals Ltd. Business Overview & Revenue Model
Company Description
Eclipse Metals Limited operates as a mineral exploration and mining development company in Australia. The company explores for uranium, palladium, cryolite, fluorite, siderite, quartz, rare earth elements, gold, platinum group metals, manganese, a...
How the Company Makes Money
Eclipse Metals Ltd. generates revenue primarily through the exploration, development, and potential sale of mineral resources. Its business model involves identifying resource-rich areas, conducting exploration activities to determine the economic...
Eclipse Metals Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.36K | 4.76K | 8.80K | 12.57K | 12.04K | 309.00 |
| Gross Profit | 3.36K | 4.76K | 8.80K | -4.88K | -6.38K | -1.25K |
| EBITDA | -1.11M | 0.00 | 50.84K | -2.51M | -1.30M | -626.99K |
| Net Income | -1.68M | -1.03M | -1.30M | -2.50M | -1.32M | -629.06K |
Balance Sheet | ||||||
| Total Assets | 20.73M | 16.06M | 14.11M | 13.37M | 9.92M | 11.07M |
| Cash, Cash Equivalents and Short-Term Investments | 5.42M | 2.14M | 405.93K | 879.59K | 659.75K | 1.81M |
| Total Debt | 0.00 | 0.00 | 366.49K | 16.55K | 16.55K | 17.17K |
| Total Liabilities | 120.79K | 499.13K | 632.06K | 177.90K | 64.93K | 498.63K |
| Stockholders Equity | 20.67M | 15.62M | 13.53M | 13.25M | 9.88M | 10.59M |
Cash Flow | ||||||
| Free Cash Flow | -1.88M | -924.25K | -1.30M | -1.66M | -1.41M | -897.95K |
| Operating Cash Flow | -1.78M | -713.86K | -1.05M | -1.10M | -1.39M | -689.02K |
| Investing Cash Flow | -1.42M | -210.39K | -251.60K | -562.68K | -124.03K | -319.80K |
| Financing Cash Flow | 8.22M | 2.66M | 829.00K | 1.88M | 364.10K | 1.86M |
Eclipse 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% | |
52 Neutral | AU$124.91M | 51.54 | -0.50% | ― | ― | 12.50% | |
46 Neutral | AU$129.14M | -160.11 | -7.69% | ― | ― | -275.00% | |
44 Neutral | AU$31.14M | -1.90 | -12.11% | ― | ― | 23.60% | |
43 Neutral | AU$39.20M | -11.22 | -0.02% | ― | ― | -12.34% | |
42 Neutral | AU$65.84M | -15.58 | -7.13% | ― | ― | 33.33% | |
42 Neutral | AU$44.23M | -13.00 | -71.61% | ― | ― | -26.67% |
* Basic Materials Sector Average
AU:EPM
Eclipse Metals Ltd.
0.02
<0.01
33.33%
AU:MEU
Marmota Limited
0.10
0.06
138.10%
AU:GL1
Global Lithium Resources Ltd.
0.48
0.27
137.50%
AU:ARD
Argent Minerals Limited
0.03
>-0.01
-3.70%
AU:BKT
Black Rock Mining Limited
0.01
>-0.01
-39.13%
AU:LEL
Lithium Energy Ltd.
0.35
-0.02
-5.41%
Eclipse Metals Ltd. Corporate Events
Eclipse Metals Outlines Governance Structure in Half-Year Report
Feb 26, 2026
Eclipse Metals Limited has released its report for the half-year ended 31 December 2025, outlining its corporate structure and key governance roles. The disclosure emphasises its ASX listing, professional audit and share registry arrangements, and...
Eclipse Metals Advances Metallurgical Test Work at Greenland Rare Earths Project
Jan 13, 2026
Eclipse Metals has begun preliminary metallurgical test work on its Grønnedal rare earths project in Greenland, initiating a Wet High-Intensity Magnetic Separation (WHIMS) program using seven composite samples from historic drill material sto...
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.
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