Havilah Resources Limited (HAV) AI Stock Analysis

• Market Cap: AU$64.46M
• Dividend Yield: N/A
• Average Volume (3M): 146.07K
• Price to Earnings (P/E): 19.0
• Beta (1Y): 0.84
• Revenue Growth: 8.70%
• EPS Growth: 11.11%
• Country: AU
• Employees: 23
• Sector: Basic Materials
• Sector Strength: 62
• Industry: Gold
• EPS (TTM): 0.01
• Shares Outstanding: 339,256,300
• 10 Day Avg. Volume: 184,995
• 30 Day Avg. Volume: 146,070
• PEG Ratio: -0.47
• Price to Book (P/B): 1.13
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 100.02
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 60 Neutral
• Price Target: AU$0.00 ▼(-100.00%Downside)

The overall score reflects moderate financial performance with strong equity and revenue growth, balanced by operational and cash flow challenges. Technical indicators suggest a stable but cautious outlook, while valuation is fair, lacking a dividend yield.

Havilah Resources Limited Business Overview & Revenue Model

Company Description

Havilah Resources Limited, together with its subsidiaries, engages in the exploration and evaluation of mineral resource properties in Australia. The company explores for copper, gold, cobalt, uranium, and iron ore deposits, as well as rare earth elements. Its flagship mineral project is the 100% owned Kalkaroo project located in northeastern South Australia. Havilah Resources Limited was founded in 1996 and is based in Kent Town, Australia.

How the Company Makes Money

Havilah Resources Limited makes money primarily through the exploration and development of mineral resources, with the ultimate goal of bringing these resources to production. Revenue is generated through the sale of mined minerals such as copper, gold, and cobalt once commercial production is achieved. The company may also earn income through joint ventures, partnerships, or the sale of exploration rights and interests to other mining companies. Additionally, Havilah Resources may secure funding through equity financing, grants, and government incentives aimed at supporting mining exploration and development. These activities are critical in advancing projects from exploration stages to eventual production, thereby contributing to the company's earnings.

Havilah Resources Limited Financial Statement Overview

Summary

Havilah Resources Limited shows solid revenue growth and improved net income, but operational inefficiencies and negative free cash flow pose significant risks. The balance sheet is strong, characterized by high equity and low debt, but cash flow challenges need addressing.

Income Statement

The company shows a positive revenue growth of 8.7% over the last year, indicating a recovery from past declines. The net profit margin improved significantly to 63.3%, driven by a sharp increase in net income. However, EBIT margin remains negative, suggesting operational challenges. Despite positive EBITDA, the company faces ongoing profitability issues at the EBIT level, which tempers the overall income statement performance.

Balance Sheet

Havilah Resources Limited maintains a strong equity position with an equity ratio of 96.8%. The debt-to-equity ratio is low at 0.003, showcasing financial stability and low leverage risk. ROE improved to 10.7% due to higher net income, reflecting effective use of equity capital. The balance sheet is strong, with robust equity and low liabilities, indicating financial health.

Cash Flow

The free cash flow turned negative this year, indicating cash outflows in investing activities. Despite a positive operating cash flow to net income ratio of 0.19, free cash flow to net income was negative, highlighting challenges in converting earnings into free cash. Improvements in operating cash flow are overshadowed by high capital expenditures, constraining cash flow performance.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
8.80K	8.80K	8.10K	54.78K	149.48K	2.22K
	Gross Profit
-105.64K	8.80K	8.10K	54.78K	53.84K	123.21K
	EBIT
-2.89M	-2.21M	-3.83M	-2.63M	-2.66M	-3.76M
	EBITDA
3.35M	5.84M	3.15M	-2.80M	-2.21M	-4.24M
	Net Income Common Stockholders
3.10M	5.57M	2.93M	-2.93M	-2.36M	-4.73M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.55M	1.16M	3.65M	1.61M	4.01M	1.48M
	Total Assets
41.09M	53.62M	47.95M	44.20M	44.69M	40.83M
	Total Debt
252.97K	141.19K	171.94K	104.08K	63.83K	139.23K
	Net Debt
-2.30M	-1.02M	-3.48M	-1.51M	-3.94M	-1.34M
	Total Liabilities
3.28M	1.70M	1.71M	1.19M	1.58M	1.67M
	Stockholders Equity
37.82M	51.92M	46.24M	43.01M	43.10M	39.16M
Cash Flow		Free Cash Flow
644.46K	-2.38M	2.07M	-5.21M	-3.32M	-4.78M
	Operating Cash Flow
653.40K	1.05M	3.89M	-2.80M	-1.53M	-3.69M
	Investing Cash Flow
-5.13M	-3.51M	-1.80M	-2.02M	-1.79M	-1.09M
	Financing Cash Flow
3.97M	-30.75K	-48.89K	2.42M	5.85M	2.44M

Havilah Resources Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.19
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HAV, the sentiment is Positive. The current price of 0.19 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.18, and below the 200-day MA of 0.20, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.56 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:HAV.

Havilah Resources Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HAV	60 Neutral	AU$64.46M	19.00	6.01%	―	8.70%	11.11%
Sector *	51 Neutral	$2.02B	-1.19	-21.37%	3.64%	2.88%	-30.57%
TLSMF		$21.17M	―	-20.67%	―	―	―
GML	56 Neutral	AU$12.67M	4.92	8.76%	―	―	―
GWR	47 Neutral	AU$29.77M	1.47	17.20%	―	―	―
AR1	39 Underperform	AU$84.35M	―		―	-25.56%	-339.66%

Havilah Resources Limited Corporate Events

Havilah Resources Advances Key Projects Amid Rising Commodity Prices

Havilah Resources Limited has reported significant progress in its key projects for the quarter ending April 2025. The company is advancing strategic funding discussions for the Kalkaroo project and is negotiating with JX Advanced Metals Corporation for the Mutooroo project. Havilah is also focusing on regional exploration and aims to monetize its assets by engaging with potential partners. The company’s exposure to rising gold and copper prices positions it well for future growth.

Havilah Resources Initiates Follow-Up Drilling at Johnson Dam Prospect

Havilah Resources Limited has commenced a second round of reverse circulation drilling at the Johnson Dam prospect, located near the Kalkaroo copper-gold-cobalt deposit. This initiative aims to explore and potentially extend the hard rock uranium and multi-metal discovery made in 2023. The drilling targets a linear aeromagnetic high and an associated airborne radiometric uranium anomaly, which suggests the presence of a mineralized and altered fault zone. The exploration could have significant implications for Havilah’s operations, potentially enhancing its resource base and market positioning in the mining sector.

Havilah Resources Reports Positive Mutooroo Study Results

Havilah Resources Limited has reported positive results from its Mutooroo study program, which was funded by JX Advanced Metals Corporation. The study included a 7,511 metre drilling program that extended sulphide mineralisation beyond current resource limits and confirmed previous intersections. Metallurgical testwork showed high copper recoveries and the production of high-grade concentrates, aligning with JXAM’s requirements. The results have led to discussions with JXAM about a potential pre-feasibility study and equity interest in the project, indicating significant potential for resource expansion and future mining operations.

Havilah Resources Releases Interim Financial Report Highlighting Exploration Activities

Havilah Resources Limited has released its interim financial report for the half-year ending January 31, 2025. The report outlines the company’s financial position and performance, highlighting ongoing exploration activities, including diamond drilling at the Mutooroo copper-cobalt-gold project. This activity is aimed at obtaining drill core samples for metallurgical testing, which is crucial for advancing the project. The report also acknowledges the inherent risks and uncertainties in exploration, emphasizing the speculative nature of their operations and the potential impact on stakeholders.

Havilah Resources Unveils Promising Depth Extensions at Mutooroo Project

Havilah Resources Limited announced the results of a Downhole Electromagnetic (DHEM) survey at their Mutooroo copper-cobalt-gold project, revealing significant depth extensions of massive sulphide mineralisation. The survey indicates that the mineralisation extends at least 200 meters below previous drill holes, which could enhance the project’s potential and impact future pre-feasibility studies. The company is in discussions with JX Advanced Metals Corporation regarding funding for further project development, highlighting the strategic importance of these findings for stakeholders.

Havilah Resources Updates Kalkaroo Ore Reserve Calculation

Havilah Resources Limited has clarified its copper equivalent (CuEq) calculation for the Kalkaroo Ore Reserve, adjusting it to 0.83% from the previously stated 0.74% due to updated copper and gold prices. This adjustment reflects the increased relative value of gold in the deposit, enhancing the project’s potential value and transparency for stakeholders.