Vital Metals Ltd (AU:VML)
ASX:VML
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Vital Metals Ltd
(Sydney:VML)
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Rating:43Neutral
Price Target:
AU$0.13
▼(-31.58% Downside)
Action:ReiteratedDate:03/22/26
The score is primarily weighed down by very weak financial performance (sharp revenue decline, extremely negative margins, negative ROE, and negative cash flow). Technicals also remain bearish with price below key moving averages and negative MACD, while valuation provides limited support because the company is loss-making and has no dividend yield data.
Positive Factors
Very low leverage (debt-to-equity 0.03)
A debt-to-equity of 0.03 gives Vital Metals structural financial flexibility during multi-year mine development. Low leverage reduces covenant and refinancing risk, preserving capacity to fund project milestones or withstand commodity cycles without immediate debt strain.
Negative Factors
Severe revenue decline and deeply negative margins
A near-80% revenue drop and deeply negative gross and net margins show the business is not covering operating or production costs. This structural profitability shortfall must be resolved via higher production, better grades, or cost reductions before sustainable operations are achieved.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage (debt-to-equity 0.03)
A debt-to-equity of 0.03 gives Vital Metals structural financial flexibility during multi-year mine development. Low leverage reduces covenant and refinancing risk, preserving capacity to fund project milestones or withstand commodity cycles without immediate debt strain.
Read all positive factors
Vital Metals Ltd (VML) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$31.95M
Dividend YieldN/A
Average Volume (3M)575.46K
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue Growth-67.81%
EPS Growth-244.10%
CountryAU
Employees13
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding236,679,640
10 Day Avg. Volume1,264,832
30 Day Avg. Volume575,458
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.21
Price to Sales (P/S)13.80
P/FCF Ratio-10.23
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
Vital Metals Ltd Business Overview & Revenue Model
Company Description
Vital Metals Limited develops and explores for rare earths projects in Burkina Faso, Tanzania, Germany, and Canada. It holds a 100% interest in the Nechalacho Rare Earths Project located in Yellowknife, Northwest Territories. The company also owns...
How the Company Makes Money
VML’s intended primary source of revenue is the sale of rare-earth mineral products (typically rare-earth concentrate containing NdPr and other rare-earth oxides) produced from its mining projects. Under this model, the company generates cash flow...
Vital Metals Ltd Financial Statement Overview
Summary
Income Statement
20
Very Negative
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.07K | 854.55K | 2.65M | 0.00 | 0.00 | 0.00 |
| Gross Profit | -527.16K | -943.84K | 823.43K | -1.67M | -759.99K | -206.26K |
| EBITDA | -2.37M | -2.38M | -3.38M | -5.24M | -3.97M | -4.53M |
| Net Income | -3.57M | -3.31M | 2.32M | -51.68M | -4.77M | -4.75M |
Balance Sheet | ||||||
| Total Assets | 69.07M | 59.40M | 60.52M | 62.83M | 69.02M | 65.77M |
| Cash, Cash Equivalents and Short-Term Investments | 10.56M | 328.69K | 3.53M | 3.62M | 5.16M | 34.91M |
| Total Debt | 1.98M | 1.78M | 829.87K | 7.04M | 967.55K | 164.00K |
| Total Liabilities | 4.59M | 3.48M | 2.44M | 10.48M | 8.35M | 2.79M |
| Stockholders Equity | 64.48M | 55.92M | 58.08M | 52.36M | 60.66M | 62.98M |
Cash Flow | ||||||
| Free Cash Flow | -2.05M | -1.15M | -4.46M | -49.79M | -29.77M | -16.12M |
| Operating Cash Flow | -2.05M | -1.15M | -573.28K | -6.96M | -4.75M | -2.20M |
| Investing Cash Flow | -1.48M | -2.08M | -4.05M | -42.82M | -26.12M | -14.17M |
| Financing Cash Flow | 13.12M | 835.93K | 4.82M | 48.25M | 1.08M | 49.52M |
Vital 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% | |
49 Neutral | AU$17.04M | -4.44 | -9.05% | ― | ― | 36.67% | |
46 Neutral | AU$35.77M | -4.34 | -19.53% | ― | ― | 3.79% | |
45 Neutral | AU$13.91M | -3.54 | -14.48% | ― | ― | ― | |
44 Neutral | AU$27.37M | -1.07 | -47.54% | ― | ― | ― | |
43 Neutral | AU$31.95M | -2.58 | -5.94% | ― | -67.81% | -244.10% | |
41 Neutral | AU$12.96M | -67.88 | -27.21% | ― | ― | -563.16% |
* Basic Materials Sector Average
AU:VML
Vital Metals Ltd
0.14
0.08
125.00%
AU:AKO
Akora Resources Ltd.
0.08
>-0.01
-7.87%
AU:AKN
AuKing Mining Ltd
0.02
<0.01
80.00%
AU:CAZ
Cazaly Resources Limited
0.02
0.01
120.00%
AU:AR3
Australian Rare Earths Limited
0.14
0.06
84.21%
AU:PVT
Rafaella Resources Ltd.
0.01
<0.01
40.00%
Vital Metals Ltd Corporate Events
Vital Metals Releases Interim Financial Report for Half-Year to 31 December 2025
Mar 12, 2026
Vital Metals Limited has released its interim financial report for the half-year ended 31 December 2025, providing shareholders with updated consolidated financial statements and accompanying notes. The report details the company’s profit or...
Vital Metals Uncovers Exceptional Rare Earth Grades at Nechalacho
Mar 8, 2026
Vital Metals has reported final overlimit assay results from regional grab sampling at its Nechalacho project in Canada, confirming exceptionally high rare earth grades, including a record 29.2% total rare earth oxides and the project’s high...
Vital Metals Uncovers Ultra-High-Grade Rare Earths at Nechalacho, Expands Drill Plans
Feb 22, 2026
Vital Metals has reported ultra-high-grade rare earth and niobium assay results from surface grab sampling at multiple new regional targets and central zones within its Nechalacho project, including samples with up to at least 168,035ppm total rar...
Vital Metals Secures Funding to Advance Nechalacho Rare Earths Project and Tardiff PFS
Jan 30, 2026
Vital Metals has strengthened its financial position by raising A$12.47 million in the second half of 2025, including A$9.47 million in the December quarter, to advance its Nechalacho Rare Earths and Niobium Project in Canada. The new funding full...
Vital Metals Director David Dikken Increases Indirect Shareholding via A$1.96m Placement
Dec 30, 2025
Vital Metals Limited has disclosed a change in director David Dikken’s indirect interest in the company’s shares, lodged with the ASX under its continuous disclosure obligations. Through Strategic Resources LLC, where he is Managing Pa...
Vital Metals Issues Over 90 Million New Shares Under Disclosure Exemption
Dec 29, 2025
Vital Metals Limited has issued 90,185,565 fully paid ordinary shares on 24 December 2025 without a disclosure document, relying on the exemption provisions of the Corporations Act. The company affirms it is up to date with its financial reporting...
Vital Metals Seeks ASX Quotation for 53.6 Million New Shares
Dec 29, 2025
Vital Metals Limited has applied to the Australian Securities Exchange for quotation of 53,595,565 new fully paid ordinary shares, to be traded under its existing ticker VML. The issuance, dated 24 December 2025, expands the company’s quoted...
Vital Metals Seeks ASX Quotation for 36.6 Million New Shares
Dec 29, 2025
Vital Metals Limited has applied to the ASX for quotation of 36,590,000 new ordinary fully paid shares, which were issued on 24 December 2025. The application, lodged as a new Appendix 2A announcement, formalises the listing of these securities on...
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.