Helix Resources Limited (HLX) AI Stock Analysis

• Market Cap: €6.73M
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): 1.58
• Revenue Growth: N/A
• EPS Growth: 80.00%
• Country: AU
• Employees: 7
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 3,364,193,600
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: 48 Neutral
• Price Target: ―

Helix Resources Limited's stock score reflects the challenges of an early-stage mining company with financial volatility, negative profitability, and substantial reliance on external financing. Strong equity backing and low debt provide a foundation for potential future growth, but technical and valuation metrics offer limited immediate appeal.

Helix Resources Limited Business Overview & Revenue Model

Company Description

Helix Resources Limited engages in the mineral exploration activities in Australia. It explores for copper, gold, iron ore, nickel, cobalt, and other base metals. Its principal projects include the Collerina, the Rochford, and the Meryula projects. Helix Resources Limited was incorporated in 1985 and is headquartered in Subiaco, Australia.

How the Company Makes Money

Helix Resources Limited generates revenue primarily through the exploration and potential extraction of mineral resources, such as copper and gold. The company's revenue model is centered around identifying promising exploration targets, conducting detailed geological surveys, and advancing these projects to attract investment or potential sale to larger mining entities. Revenue streams may include joint ventures or partnerships with other mining companies, which can provide financial backing or technological support in exchange for a stake in the project. Additionally, Helix Resources may earn income through the sale or optioning of its exploration tenements to other interested parties in the mining industry. The company's earnings can be significantly influenced by the fluctuating market prices of copper and gold, as well as the success of its exploration activities in discovering commercially viable mineral deposits.

Helix Resources Limited Financial Statement Overview

Summary

Helix Resources Limited is experiencing financial volatility typical of early-stage mining companies. The company shows a significant revenue decline and negative net profit margins, although there is a positive shift in EBITDA. The balance sheet is strong with minimal debt, and while free cash flow is negative, improvements in operating cash flow are noted. Overall, the financial position indicates potential for future growth contingent on revenue enhancement and cost management.

Income Statement

Helix Resources Limited shows a volatile revenue trend with the latest annual revenue decreasing significantly by 58% from the previous year. The net profit margin remains negative due to persistent net losses, although there is a marked improvement in EBITDA from negative to positive territory. The gross profit margin is 100% as total revenue equals gross profit, indicating no cost of goods sold, which is typical for a mining company not yet in full production or sales.

Balance Sheet

The balance sheet reflects a stable equity base with an equity ratio of 97%, indicating strong capitalization with minimal debt reliance. The debt-to-equity ratio is low at 0.02, highlighting a conservative leverage position. The return on equity remains negative due to continuing net losses, suggesting the company has not yet reached profitability.

Cash Flow

Free cash flow remains negative, but there is an improvement in operating cash flow compared to previous years. The ratio of operating cash flow to net income is below 1, indicating reliance on external financing. The company's financing activities have injected cash, but high capital expenditures continue to result in negative free cash flow.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	139.03K	292.95K	70.77K	201.34K	143.92K
Gross Profit	139.03K	-13.59K	-46.52K	147.08K	85.44K
EBITDA	5.54M	-7.86M	-1.83M	-768.00K	-435.00K
Net Income	-1.18M	-7.91M	-2.16M	-1.17M	-481.00K
Balance Sheet
Total Assets	21.88M	20.76M	28.49M	18.15M	10.91M
Cash, Cash Equivalents and Short-Term Investments	2.74M	5.87M	11.96M	5.39M	155.36K
Total Debt	336.94K	458.23K	549.00K	20.52K	67.14K
Total Liabilities	609.41K	934.61K	932.58K	844.30K	1.00M
Stockholders Equity	21.27M	19.83M	27.56M	17.30M	9.90M
Cash Flow
Free Cash Flow	-5.61M	-7.57M	-5.51M	-3.21M	-1.36M
Operating Cash Flow	-1.06M	-1.07M	-1.48M	-1.10M	-661.72K
Investing Cash Flow	-4.57M	-5.01M	-3.59M	-2.13M	-711.92K
Financing Cash Flow	2.50M	-10.06K	11.64M	8.47M	1.16M

Helix Resources Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SVY	56 Neutral	AU$14.38M	-2.59	―	―	―	44.90%
HLX	48 Neutral	€6.73M	―	-9.18%	―	―	80.00%
AON	35 Underperform	AU$6.50M	-1.82	―	―	―	-17.02%
BMG	33 Underperform	AU$11.08M	-8.57	―	―	―	87.39%
EEL	32 Underperform	AU$6.51M	―	―	―	―	41.67%
EM2	30 Underperform	AU$13.62M	-0.34	―	―	―	-41.70%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Helix Resources Limited Corporate Events

Helix Resources Unveils Promising Drilling Results at Gold Basin Project

Helix Resources Limited has announced significant findings from its drilling activities at the Gold Basin Project in Arizona, revealing wide intervals of oxide-gold mineralization. These results suggest a substantial resource upgrade potential, with the mineralization being suitable for open pit mining and showing excellent recovery rates in preliminary metallurgical tests. The project, which Helix has a 40% stake in, is strategically positioned in a region known for world-class porphyry copper deposits and multi-million-ounce gold deposits, offering significant exploration upside and growth opportunities for the company.

Helix Resources Expands with Strategic Gold and Copper Projects in the US and Australia

Helix Resources Limited has entered into agreements to acquire up to a 40% stake in the Gold Basin oxide gold project in Arizona, which is part of the Walker Lane gold trend. This project, along with the adjacent White Hills Copper-Gold project, offers significant potential for gold and copper-gold mineralization. The company’s strategic positioning in both the US and Australian prolific copper-gold provinces enhances its growth and exploration potential, aiming to deliver long-term shareholder value through these transformative opportunities.

Helix Resources Unveils Promising Copper-Gold Potential at White Hills Project

Helix Resources Limited has announced promising results from its White Hills Copper-Gold Project in Arizona, indicating strong potential for large-scale copper-gold mineralization, particularly of porphyry style. The project is strategically located in two renowned mineral belts and has shown evidence of significant copper and gold anomalies. With the integration of historical exploration data and new geophysical and geochemical analyses, Helix plans to advance exploration activities to assess the scale of mineralization, positioning itself to benefit from increasing interest in domestic copper production in the U.S. This development is seen as a transformative opportunity for Helix, enhancing its potential to deliver long-term value for shareholders.

Helix Resources Limited Announces Cessation of Employee Incentive Securities

Helix Resources Limited announced the cessation of 82,365,000 employee incentive securities due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This cessation may impact the company’s employee incentive structure and potentially affect stakeholder confidence in the company’s operational strategies.

Helix Resources Announces Cessation of Securities Due to Unmet Conditions

Helix Resources Limited announced the cessation of certain securities, including performance rights, employee rights, and director performance incentives, due to unmet conditions. This development may impact the company’s incentive structures and could have implications for its operational strategies and stakeholder interests.

Helix Resources Secures Stake in Promising Arizona Gold Project

Helix Resources Limited has announced a conditional binding agreement to earn a 40% stake in the Gold Basin oxide gold project in Arizona, USA. The project, located in the Tier 1 Walker Lane gold trend, covers six advanced gold targets with an inferred resource of 299,800 ounces of gold. The company plans a resource update in June 2025, incorporating new drill data, and sees potential for low-cost oxide gold heap-leach development. This joint venture is seen as a near-term production opportunity with significant growth potential, aligning with Helix’s strategy to build long-term shareholder value.