Cadence Minerals PLC (GB:KDNC)
LSE:KDNC
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Cadence Minerals
(LSE:KDNC)
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Rating:53Neutral
Price Target:
3.50 p
▲(6.06% Upside)
Action:ReiteratedDate:01/14/26
The score is held back primarily by weak financial performance (multi-year losses, revenue deterioration, and persistent negative free cash flow), despite a relatively strong low-debt balance sheet. Technicals are a key positive, with price trading above major moving averages and positive momentum, while valuation remains constrained by negative earnings and no indicated dividend support.
Positive Factors
Low leverage balance sheet
A low-debt profile provides durable financial flexibility for a project-focused miner. With limited leverage, Cadence can better withstand prolonged development cycles, reduce refinancing risk and preserve equity optionality to fund milestone-driven asset monetisations without immediate distressed financing.
Negative Factors
Multi-year net losses
Sustained net losses over multiple years indicate the company has not yet converted project investments into profitable operations. Continued negative earnings erode equity, limit reinvestment capacity, and raise execution risk that strategic projects may not mature into cash-generating assets without additional capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage balance sheet
A low-debt profile provides durable financial flexibility for a project-focused miner. With limited leverage, Cadence can better withstand prolonged development cycles, reduce refinancing risk and preserve equity optionality to fund milestone-driven asset monetisations without immediate distressed financing.
Read all positive factors
Cadence Minerals (KDNC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£19.44M
Dividend YieldN/A
Average Volume (3M)8.81M
Price to Earnings (P/E)―
Beta (1Y)1.69
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees6
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding415,631,040
10 Day Avg. Volume6,038,008
30 Day Avg. Volume8,812,638
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)0.19
Price to Sales (P/S)-3.25
P/FCF Ratio-4.05
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
Cadence Minerals Business Overview & Revenue Model
Company Description
Cadence Minerals Plc identifies, invests in, and develops lithium and rare earth assets. The company is also exploring for iron ore and other mining related opportunities. In addition, it holds interests in the Sonora Lithium project located in No...
How the Company Makes Money
Cadence Minerals’ potential ways of generating revenue are tied to monetising mineral assets and investments rather than selling a mature portfolio of end-products. In practice, this can include (i) value uplift and realisation from equity interes...
Cadence Minerals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
63
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -1.22M | -1.02M | -3.10M | -4.59M | 577.00K | 54.00K |
| Gross Profit | -1.22M | -1.02M | -3.10M | -4.59M | 577.00K | 54.00K |
| EBITDA | 0.00 | 0.00 | -3.32M | -5.49M | -141.00K | 8.12M |
| Net Income | -1.63M | -3.33M | -3.02M | -5.50M | -144.00K | 7.82M |
Balance Sheet | ||||||
| Total Assets | 17.66M | 18.45M | 19.97M | 21.64M | 23.01M | 22.61M |
| Cash, Cash Equivalents and Short-Term Investments | 168.00K | 1.13M | 4.38M | 6.32M | 12.30M | 14.36M |
| Total Debt | 578.00K | 755.00K | 1.24M | 0.00 | 0.00 | 210.00K |
| Total Liabilities | 1.23M | 1.24M | 1.52M | 317.00K | 853.00K | 514.00K |
| Stockholders Equity | 16.43M | 17.21M | 18.45M | 21.32M | 22.15M | 22.09M |
Cash Flow | ||||||
| Free Cash Flow | -764.00K | -820.00K | -1.31M | -1.96M | -754.00K | -1.65M |
| Operating Cash Flow | -764.00K | -820.00K | -1.31M | -1.96M | -754.00K | -1.65M |
| Investing Cash Flow | -923.00K | -198.00K | 62.00K | -2.91M | 182.00K | 1.36M |
| Financing Cash Flow | 1.62M | 1.45M | 1.40M | 4.64M | -168.00K | 412.00K |
Cadence Minerals 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% | |
53 Neutral | £19.44M | -1.29 | -9.71% | ― | ― | ― | |
50 Neutral | £16.85M | -1.11 | -43.43% | ― | ― | ― | |
46 Neutral | £117.82M | -19.26 | -17.14% | ― | ― | 54.72% | |
41 Neutral | £71.31M | -42.09 | -21.41% | ― | ― | -133.33% | |
| ― | £15.81M | ― | ― | ― | ― | ― | |
43 Neutral | £31.46M | -9.13 | >-0.01% | ― | ― | -19.57% |
* Basic Materials Sector Average
GB:KDNC
Cadence Minerals
4.75
2.85
150.00%
GB:ALL
Atlantic Lithium
14.70
7.30
98.65%
GB:KOD
Kodal Minerals
0.35
-0.03
-7.89%
GB:POW
Power Metal Resources Plc
14.00
2.25
19.15%
GB:ZNWD
Zinnwald Lithium Plc
5.80
-0.20
-3.33%
GB:CTL
CleanTech Lithium PLC
8.25
-0.50
-5.71%
Cadence Minerals Corporate Events
Business Operations and Strategy
Cadence Advances Azteca Plant Works as Amapá Licensing Progresses
Positive
Mar 13, 2026
Cadence Minerals has completed detailed mechanical and electrical engineering for the Azteca plant at its Amapá Iron Ore Project in Brazil and launched procurement for critical refurbishment items, paving the way for a 90-day execution progra...
Business Operations and Strategy
Cadence Minerals to Brief Investors on Amapá Iron Ore Project Road to Cashflow
Positive
Jan 9, 2026
Cadence Minerals has announced that CEO Kiran Morzaria will host a live investor presentation on 15 January 2026 via the Investor Meet Company platform, focusing on the Amapá Iron Ore Project and its path to cash flow and development. The eve...
Business Operations and StrategyRegulatory Filings and Compliance
Cadence Minerals CEO Outlines Licensing Progress at Brazil’s Amapá Iron Ore Project
Positive
Jan 7, 2026
Cadence Minerals has released a video interview with CEO Kiran Morzaria in which he discusses the recently granted Preliminary Licence for the Amapá Iron Ore Project in Brazil and provides an update on licensing progress, including at the Azt...
Business Operations and StrategyRegulatory Filings and Compliance
Cadence Wins Key Environmental Licence for Brazil’s Amapá Iron Ore Mine
Positive
Jan 6, 2026
Cadence Minerals has secured a Preliminary Environmental Licence (Licença Prévia) from the Amapá state environmental authority for the Amapá iron ore mine in Brazil, confirming environmental feasibility for the project at its f...
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.