Kingsland Minerals Limited operates as a mineral exploration and development company in Western Australia. The company primarily explores for gold, uranium, copper, nickel, and cobalt deposits, as well as base metal mineralization. Its projects portfolio includes the Allamber, Shoobridge, Woolgni, and Mount Davis projects located in the Northern Territory; and the Lake Johnston project located in Western Australia. Kingsland Minerals Limited was incorporated in 2021 and is based in West Perth, Australia.

Australia

Kingsland Minerals Limited

Basic Materials

The company does not pay dividends at all, or it pays them sporadically. There have only been a few years with dividend payments in the past ten years. 

Over the last six months, the stock performance has varied, with an increase following a drop. The stock's price trend wasn't definitive when matched against its global counterparts from the same sector and industry (as depicted above). Within the past six months, its performance has trailed this peer group's by 41ppts and its growth decelerated by 9ppts in the past month. This is equally valid for peers from the same country and industry. Given the stock's valuation versus its peers, its total price movement is slightly unfavourable.

The company has reported very poor EBITDA margins compared to its global peers in recent years. EBITDA margin amounted to -2562.7% in the last 12 months, up from -4616.0% in FY23. 

Historically, KNG.AX has reported very poor net margins compared to its global peers. Specifically, in the last 12 months, this metric equalled -4060.1%, a growth from -4798.9% in FY23. 

Kingsland Minerals Limited reported a return on equity (RoE) of -35.8% in the last 12 months, down from -34.9% in FY24. 

Another important profitability metric, return on assets (RoA), amounted to -32.9% in the last 12 months, a decrease from -32.6% in FY24. 

In the last 12 months, the return on capital employed (RoCE) declined to -35.6%, below the peers. 

The ratio of return on invested capital (RoIC) to the weighted average cost of capital (WACC) has been -7.0 in the past several years. This ratio implies a fragile shareholder value creation. 

The institutional, legal, and compliance risks associated with the company's country are minimal. In combination with stringent business standards, shareholder rights are very highly protected.

KNG.AX has very poor trading liquidity. It will take considerable time for the average private investor to sell a common position under normal market conditions. Liquidity is unstable and becomes extremely unfavourable on the days with the lowest activity. However, under highly turbulent market conditions, the trading volume tends to improve significantly. Another factor to consider is the substantial number of days with zero trading volumes, i.e., without any ability to sell a position. The stock has a tiny market capitalisation, which usually makes its trading liquidity erratic and unpredictable. 

No other major risks have been identified.

The risk of default is high. Among the negative credit factors, we point to weak positions in its industry, slow historical revenue growth, bleak profitability, and negligible return on capital. We note low margin volatility and an favourable capital structure, among the positive credit factors. 

In highly turbulent market conditions, KNG.AX is exceptionally volatile. In other words, the stock will be among the worst-performers in times of extreme market volatility or shocking company news. Standalone, the worst-day losses (less than 1% of the time) will likely be critical. 

In normal market circumstances, KNG.AX is exceptionally volatile. Put differently, without outstanding market volatility or shocking company news, the stock's price will change quite unpredictably. The stock's losses on its worst days (less than 1-5% of the time) will range from critical to immense. 

From both historical and forecast perspectives, the stock is slightly overpriced compared to similar stocks. 

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Kingsland Minerals Limited

A$ 0.08

2

Kingsland Minerals Limited

A$ 0.08

2

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