AVZ Minerals Limited (AVZ) Report Analysis
Corporate Events
AVZ Minerals Limited Announces Receipt of Positive Technical Opinion from the Department of Mines
2022-04-12 23:27:00
AVZ Minerals Limited announced receipt of a positive technical opinion from the Department of Mines, paving the way for an imminent decision on award of the Mining Licence for its Manono Lithium and Tin Project ("Manono Project"). The process for the award of the Mining Licence requires the satisfaction of four key elements: Environmental approval; Proof of financial capability; Favourable cadastral opinion; and Favourable technical opinion, with the Manono Project receiving favourable outcomes on all points, paving the way for an imminent decision on award of the Mining Licence.
AVZ Minerals Limited Presents at 121 Mining Investment Conference – New York, Jun-07-2022 10:00 AM
2022-02-08 03:10:00
AVZ Minerals Limited Presents at 121 Mining Investment Conference – New York, Jun-07-2022 10:00 AM. Venue: etc. venues 360 Madison Avenue, New York City, New York, United States. Speakers: Nigel Munro Ferguson, CEO, MD & Executive Director.
AVZ Minerals Limited Presents at 121 Mining Investment Conference, Cape Town, May-09-2022
2022-02-04 03:36:00
AVZ Minerals Limited Presents at 121 Mining Investment Conference, Cape Town, May-09-2022 . Venue: Welgemeend Manor House, Cape Town, South Africa.
121 Group Ltd, 121 Mining Investment Conference – New York, Jun 06, 2022 through Jun 07, 2022
2022-01-11 02:45:00
121 Group Ltd, 121 Mining Investment Conference – New York, Jun 06, 2022 through Jun 07, 2022. Venue: etc. venues 360 Madison Avenue, New York City, New York, United States.
AVZ Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 75 million.
2021-12-17 00:00:00
AVZ Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 75 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 150,000,000 Price\Range: AUD 0.5 Discount Per Security: AUD 0.0275 Transaction Features: Subsequent Direct Listing
AVZ Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 75 million.
2021-12-10 00:00:00
AVZ Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 75 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 150,000,000 Price\Range: AUD 0.5 Discount Per Security: AUD 0.0275 Transaction Features: Subsequent Direct Listing
AVZ Minerals Limited to Join New Drc Battery Council to Develop Sustainable Battery Value Chain in Drc and Africa
2021-11-25 22:43:00
AVZ Minerals Limited provided an update on the recently convened DRC-Africa Business Forum and the signing of a pledge to develop a locally sourced battery minerals chain for the burgeoning EV market. Hosted by the DRC Government in Kinshasa during the last two days (24-25 November) the DRC-Africa Business Forum was led by its Ministry of Industry and the United Nations Economic Commission for Africa (ECA), in collaboration with the African ExportImport Bank (Afreximbank), the African Development Bank (ADB), the Africa Finance Corporation (AFC), the Arab Bank for Economic Development in Africa (BADEA), the African Legal Support Facility (ALSF) and the United NationsGlobal Compact. A key objective of the DRC-Africa Business Forum was to foster the development of a battery, electric vehicle and renewable energy industrial value chain and market in Africa. The DRC Government's expected outcomes for the forum included: Identification of business opportunities to build regional value chains in the battery, electric vehicle and renewable energy sub-sectors within the DRCand other battery minerals producing countries in Africa; Clear enabling government policies for project developer and financiersincluding (i) the creation of a DRC Battery Council; (ii) a commitment to invest and build a battery minerals industry in the DRC; and Articulated government support to facilitate investments in battery, electric vehicles and renewable energy value chains in the DRC and in Africa in general.
AVZ Minerals Limited Provides an Operational Update on the Progress of Various Matters Relating to Its Flagship Manono Lithium and Tin Project
2021-10-20 02:47:00
AVZ Minerals Limited provided an operational update on the progress of various matters relating to its flagship Manono Lithium and Tin Project ("Manono Project"). As previously announced on 27 September 2021, the Company has entered into a deal with CATH to develop the Manono Project. Proceeds from the transaction will fund a majority of project development capital. CATH has now paid the USD 20 million break fee (held in an escrow account). The completion of the transaction is subject to the satisfaction or waiver of several conditions precedent before 30 November 2021, which the parties are co-operatively working toward. Permis d'Exploitation ("Mining Licence") progressing well: As previously announced, all documents in relation to the Mining Licence were submitted to the relevant authorities within the DRC government in May 2021. The process for the award of the Mining Licence is focused around four key elements: Environmental approvals; Proof of financial capability; Favourable cadastral opinion; and Favourable technical opinion. AVZ is pleased to advise that it has received favourable outcomes for points I - III, with positive feedback received from the Department of Mines in relation to the final point concerning the technical opinion on the DFS. Following the expected receipt of the favourable technical opinion, the Minister of Mines has 30 days to then award the Mining Licence. A meeting of Council of Ministers is expected to be held shortly to deliberate on the award of the Mpiana Mwanga HEPP Agreement and Prime Ministerial Decree for the Collaboration Development Agreement. AVZ will issue a BFS to the market following the anticipated granting of the Mining Licence. The Company has made the decision to issue a BFS rather than an updated Definitive Feasibility Study ("DFS") as the financial institutions require submission of a bankable level study which requires the award of the Mining Licence. As previously announced, the Company is progressing a possible expansion scenario study. The evaluation of the expansion scenario is a key term of the TIA with CATH and, following its completion, will be considered by the Board. Management is confident that it will be able to shortly announce the appointment of a Mandated Lead Arranger ("MLA") to lead the syndicated debt funding facility for the Manono Project. Subject to closing the deal with CATH, more than 50% of project funding is secured enabling a Final Investment Decision "FID. The FID will kickstart project construction and ensure Dathcom will have sufficient equity capital to fund the first 6 - 8 months of project construction capital, with Financial Close ("FC") for debt financing expected in Second Quarter 2022.
AVZ Minerals Limited, Annual General Meeting, Nov 18, 2021
2021-09-30 01:19:00
AVZ Minerals Limited, Annual General Meeting, Nov 18, 2021, at 14:00 W. Australia Standard Time. Location: Fraser Suites Perth, Fraser Ballroom 10 Adelaide Terrace East Perth Western Australia Australia Agenda: To receive and consider the annual financial report of the company for the financial year ended 30 June 2021 together with the declaration of the directors, the directors' report, the remuneration report and the auditor's report; to consider the adoption of remuneration report; to consider the re-election of directors; to consider the approval of AVZ performance rights plan; to consider the approval for the issue of performance rights; to consider the ratification of previous securities issued; and to consider any other matters.
AVZ Minerals Limited - Shareholder/Analyst Call
2021-09-30 01:19:00
AGM
AVZ Minerals Limited Announces Manono Lithium and Tin Project Expansion Scenario Update
2021-09-28 22:21:00
AVZ Minerals Limited provided further detail with respect to the Expansion Scenario study which is a material term of the transaction implementation agreement. Under the terms of the TIA, AVZ International Pty Ltd. and Suzhou CATH Energy Technologies have agreed to evaluate and progress a study to expand Dense Media Separation production capacity from 4.5Mtpa throughput producing approximately 0.7 million tonnes of SC6, as contemplated by the Definitive Feasibility Study dated April 2020. AVZ does not yet have a reasonable basis to report the Expansion Scenario as a production target and does not consider that the material term of the transaction should be construed as a production target. The Expansion Scenario study has commenced with a view to investigating an increased throughput which is defined by the TIA.
AVZ Minerals Limited(ASX:AVZ) added to S&P Global BMI Index
2021-09-20 00:00:00
AVZ Minerals Limited(ASX:AVZ) added to S&P Global BMI Index
121 Group Ltd, 121 Mining Investment Conference, Cape Town, May 09, 2022 through May 10, 2022
2021-08-26 20:38:00
121 Group Ltd, 121 Mining Investment Conference, Cape Town, May 09, 2022 through May 10, 2022. Venue: Welgemeend Manor House, Cape Town, South Africa.
AVZ Minerals Limited Provides Manono Lithium and Tin Project Corporate Update
2021-08-17 22:41:00
AVZ Minerals Limited provided an update on recent corporate activities in relation to its project, the Manono Lithium and Tin Project. Licensing and Permitting: The process for the award of the Permis d'Exploitation requires: environmental approval of the ESIA report by DPEM - completed and received; technical approval of the DFS report by the Directorate of Mines currently under review and progressing very well; and Cadastre Minier (CAMI) approval no issue expected. Following the above approval process a proposed ministerial decree drafted by CAMI is submitted to the Minister of Mines for final approval. Earlier this month, Company representatives met with a high-ranking DRC Government delegation which included senior advisors to the President of Mines & Energy, Ministry of Industry, Ministry of Mines, Ministry of Planning & Ministry of Finance. The delegation provided unanimous support of theManono Project based on the body of work completed by AVZ, which was submitted to the meeting of multi-sectorial Ministers with the objective of considering the Collaboration Development Agreement between the DRC Government and AVZ.
AVZ Minerals Limited Receives Further Strong Results from its Mineral Resource Drilling of the Manono Lithium and Tin Project
2021-08-15 22:58:00
AVZ Minerals Limited has received further strong results from its Mineral Resource drilling of the Manono Lithium and Tin Project ("Manono Project") in the Democratic Republic of Congo. The assay results come from four new, widely spaced "step-out" holes at Carriere de l'Este, located on section lines 200m and 400m NNE along strike from the initial 2017 drill holes. These new holes are identifying additional high-grade spodumene rich zones for future infill resource estimation drill programmes. The assay results from these four new holes show highly encouraging mineralisation 400 metres closer to the historical Carriere de l'Este open pit; as well as a more complex geology with intrusions of aplitic pegmatite and dolerite possibly along late-stage faults. The holes were deliberately widely spaced to try and help track the location of the high-grade zones mapped further to the southwest along this massive deposit and to that extent, the drilling has been successful. This information will be used to plan focussed infill drilling for the high-grade zones, with a closer pattern required in order to generate near surface Indicated or Measured Resources for possible conversion to reserves, prior to the commissioning of the new processing plant. The possible delineation of high-grade future reserves has the potential to initially feed higher grade ore to the plant, providing increased SC6 production volumes from the start of operations. This new information has allowed the location of the hanging wall contact to be expanded in areas of poor outcrop, which will help with the efficient targeting of future resource drilling of the overall Carriere de l'Este deposit.
AVZ Minerals Limited Announces Manono Lithium and Tin Project Operational Update
2021-07-20 23:53:00
AVZ Minerals Limited provided an operational update in relation to its project, the Manono Lithium and Tin Project ("Manono Project"). AVZ completed a heavily oversubscribed share placement raising $40 million (before costs) from institutional, sophisticated and professional investors, providing AVZ with the necessary funds to increase its equity interest in the Manono Project to 75% via the exercise of existing options over a 15% minority interest held by Dathomir. The remaining 25% of the Manono Project is held by the Democratic Republic of Congo Government (via its entity Cominiere). Strong interest was received from international investors domiciled in Australia, Europe, North America, Singapore, Malaysia and the Middle East. As announced on 14 July 2021, JORC Proved and Probable Ore Reserves at Roche Dure are now estimated at 131.7Mt an increase of 41.6% from the 93Mt reported in April 2020 DFS. Following on from this a mine redesign was required and coupled with data from the FEED studies, a new set of Reserves were generated. This optimised study demonstrated that the average lithium grade increased by 3.1% from 1.58% to 1.63% Li2O although the tin grade remained the same at around 990 ppm. Increased ore volumes however saw the total tin contained metal increasing by 41% from April 2020. The Company is awaiting assay results from the short reconnaissance drilling program undertaken at the Carriere de l'Este orebody earlier this year, which are expected to be received in the near future and will soon be released to the market. The FEED Study has been completed providing block flow and process flow diagrams, mechanical equipment selection and sizing, the overall mechanical equipment list, the electrical load list and plant general arrangement drawings, including a 3D model. The FEED study has improved the confidence level in Capital and Operational Costs of the Project to an AACEI Class 2 (+/-10%) from the DFS version which was a Class 3 (+/-20%) level of estimation for inclusion in the optimised DFS update. The work conducted includes process plant area geotechnical study, with the information used in the FEED study to conduct the design of the plant foundation requirements and the bulk quantities of materials to do so. In addition, designs for the Integrated Waste Landform ("IWL") has now been completed and the bill of quantities included in the Capex. This has allowed to compare costings against other storage solutions such as in pit storage in outlying areas.
AVZ Minerals Limited Announces the Completion of an Upgraded JORC Code Compliant Ore Reserve Estimate for the Manono Lithium and Tin Project
2021-07-13 23:36:00
AVZ Minerals Limited announced the completion of an upgraded JORC Code compliant Ore Reserve estimate for the Manono Lithium and Tin Project ("Manono Project"), as the Company transitions its Manono Project into development. Mining dilution by elevation has been applied to represent the changing quantities of waste dilution existing on each bench of the pit: Surface to the 565RL has 5% mining dilution applied; 565RL to the 505RL has 2% mining dilution applied; 505RL to the 435RL has 1% mining dilution applied; Below the 435 RL has 0% mining dilution applied, as the whole bench is ROM. A variable mining recovery has also been applied: Surface to 565RL has 98% mining recovery applied; Below the 565RL has 99% mining recovery applied. The Ore Reserve estimate has been based on a cut-off of > $0.00 block value comprising an economic block by block calculation. Figures above may not sum due to rounding.
AVZ Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million.
2021-07-07 00:00:00
AVZ Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 307,692,308 Price\Range: AUD 0.13 Discount Per Security: AUD 0.0078 Transaction Features: Subsequent Direct Listing
AVZ Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 40 million.
2021-07-02 00:00:00
AVZ Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 40 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 307,692,308 Price\Range: AUD 0.13 Discount Per Security: AUD 0.0078 Transaction Features: Subsequent Direct Listing
Fundamental Summary
AVZ published their Q4 financial metrics on 2022-03-16 and the results looked mediocre by comparison to their peers. its growth and income factors look concerning individually, but the holistic financial picture was more impressive. In statistics, this is called the Simpson Paradox (https://www.britannica.com/topic/Simpsons-paradox). Thus, AVZ received an overall score of 75, which translates to a HOLD recommendation.
AVZ announced earnings results for the full year ended June 30, 2021. For the full year, the company announced net loss was AUD 5.401 million compared to AUD 5.134 million a year ago. Basic loss per share from continuing operations was AUD 0.0019 compared to AUD 0.0022 a year ago. Diluted loss per share from continuing operations was AUD 0.19 compared to AUD 0.22 a year ago.
Business Description
AVZ explores for mineral properties. It primarily explores for lithium, tin, tantalum, and cesium deposits. The company’s principal projects include a 100% owned Manono Extension project, which comprises of two exploration permits covering an area of 242.25 square kilometers located in the Democratic Republic of the Congo (DRC); and a 75% owned Manono project that covers an area of approximately 188 square kilometers located in southern DRC. The company was formerly known as Avonlea Minerals Limited. AVZ was incorporated in 2007 and is based in West Perth, Australia.
Sector Overview
AVZ is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. AVZ's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.
Fundamental Highlights
| Parameter | Value | Change | Score | |
|---|---|---|---|---|
| Return on Equity | -8.3 | -35.1% | 41 | |
| Net Cashflow | 68.1 | 679.8% | 60 | |
| Capital Expenditure | -38.4 | -219.1% | 76 | |
| Asset Turnover | 0.0 | -34.0% | 37 | |
| Free Cashflow | -0.0 | -184.6% | 69 |
* All values are TTM
The below chart reflects AVZ's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While AVZ's peer average final assessment score stands on 63.0, AVZ's score is 75.
- AVZ
- Peers average
Technical Analysis
When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. AVZ's stock is now priced above its 200-day, but below its 5-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the long-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), AVZ's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 57.
5D MA
0.88
50D MA
0.99
200D MA
0.61
MACD
-0.05
RSI
5.28
STOCH
0.0
Balance Sheet Analysis
AVZ appears likely to maintain its strong balance sheet metrics and momentum going forward. AVZ is doing a good job of keeping its liabilities under control and growing intelligently. At filing, their liabilities were 0.7, representing -90.9% change from the previous period. These numbers show that management has successfully encouraged growth while managing liabilities, especially relative to their peers. These results statistically lead to positive movement in stock prices, so we rated its liabilities movement component 99. Also, AVZ's management was effective in improving its cash and cash equivalents metrics, which now sit at 76.3. This represents 2997.6% change from the last reporting period. This impressive growth, specifically in contrast to their industry peers' performance, should support an upswing in the company's stock price. Therefore, its cash and cash equivalents movement earned a score of 98. On the other hand, Assets, jumped out as looking rather underwhelming. AVZ assets metrics were reported as 204.1, representing a 116.8% change from the last filing. AVZ's unremarkable asset growth results, specifically compared to their industry peers' performance, should present negative pressure on AVZ's stock price. Therefore, their asset component earned a score of 56. Therefore, their balance sheet earned a grade of 95.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Assets | 204.1 | 116.8% | 56 |
| Liabilities | 0.7 | -90.9% | 99 |
| Price to Book | 14.6 | 132.7% | 66 |
| Cash & Equivalents | 76.3 | 2997.6% | 98 |
| Equity | 188.5 | 146.8% | 82 |
The below chart describes AVZ's performance as reflected on its balance sheet with respect to its peers. While AVZ received a balance sheet score of 95, the average of its peers stands on 64.0.
- AVZ
- Peers average
| Name | Market Cap | Liabilities Movement | Asset Change | Equity/Intangibles Adjustments | Cash & Equivalents | Book Value Momentum | Balance Sheet | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|---|
| BHP Group Limited | 208.5B | 74 | 92 | 47 | 52 | 76 | 58 | 0 | 1 |
| Fortescue Metals Group Limited | 55.0B | 83 | 66 | 68 | 55 | 69 | 65 | 1 | 1 |
| Newcrest Mining Limited | 19.4B | 85 | 72 | 46 | 46 | 73 | 52 | 2 | 1 |
| South32 Limited | 18.7B | 74 | 73 | 80 | 79 | 74 | 84 | 3 | 1 |
| Mineral Resources Limited | 9.2B | 83 | 73 | 52 | 42 | 90 | 55 | 4 | 1 |
| Lynas Rare Earths Limited | 8.3B | 74 | 59 | 77 | 62 | 68 | 70 | 5 | 1 |
| Northern Star Resources Limited | 8.2B | 87 | 70 | 56 | 48 | 65 | 56 | 6 | 1 |
| IGO Limited | 7.8B | 43 | 37 | 80 | 42 | 63 | 50 | 7 | 1 |
| BlueScope Steel Limited | 7.3B | 64 | 75 | 87 | 90 | 68 | 85 | 8 | 1 |
| Pilbara Minerals Limited | 6.9B | 87 | 59 | 81 | 87 | 56 | 86 | 9 | 1 |
| Allkem Limited | 6.9B | 53 | 64 | 44 | 65 | 89 | 57 | 10 | 1 |
| OZ Minerals Limited | 6.2B | 87 | 72 | 72 | 69 | 72 | 74 | 11 | 1 |
| Evolution Mining Limited | 4.8B | 47 | 57 | 76 | 96 | 54 | 82 | 12 | 1 |
| Alumina Limited | 4.4B | 51 | 69 | 50 | 46 | 84 | 50 | 13 | 1 |
| OZ Minerals Holdings Pty Ltd | 4.0B | 81 | 62 | 51 | 97 | 87 | 84 | 14 | 1 |
| Iluka Resources Limited | 3.9B | 76 | 66 | 87 | 69 | 53 | 77 | 15 | 1 |
| Andean Resources Ltd. | 3.7B | 70 | 37 | 60 | 97 | 92 | 86 | 16 | 1 |
| Coronado Global Resources Inc. | 2.9B | 44 | 56 | 87 | 85 | 71 | 83 | 17 | 1 |
| Nickel Industries Limited | 2.8B | 41 | 44 | 72 | 50 | 70 | 54 | 18 | 1 |
| Sims Limited | 2.7B | 85 | 72 | 83 | 49 | 57 | 68 | 19 | 1 |
| Zimplats Holdings Limited | 2.6B | 80 | 69 | 68 | 76 | 73 | 77 | 20 | 1 |
| Liontown Resources Limited | 2.4B | 43 | 55 | 82 | 97 | 37 | 81 | 21 | 1 |
| Perseus Mining Limited | 2.3B | 81 | 70 | 73 | 82 | 66 | 81 | 22 | 1 |
| Deterra Royalties Limited | 2.3B | 99 | 79 | 61 | 75 | 68 | 77 | 23 | 1 |
| Sandfire Resources Limited | 1.9B | 41 | 64 | 87 | 87 | 73 | 82 | 24 | 1 |
| Core Lithium Ltd | 1.8B | 37 | 55 | 82 | 94 | 66 | 83 | 25 | 1 |
| Chalice Mining Limited | 1.5B | 98 | 78 | 39 | 46 | 89 | 54 | 26 | 1 |
| Grange Resources Limited | 1.5B | 54 | 70 | 51 | 71 | 92 | 65 | 27 | 1 |
| Capricorn Metals Ltd | 1.3B | 69 | 59 | 81 | 91 | 65 | 86 | 28 | 1 |
| West African Resources Limited | 1.3B | 92 | 56 | 81 | 92 | 42 | 87 | 29 | 1 |
| Silver Lake Resources Limited | 1.2B | 69 | 62 | 62 | 71 | 57 | 66 | 30 | 1 |
| De Grey Mining Limited | 1.2B | 44 | 49 | 79 | 69 | 48 | 66 | 31 | 1 |
| Gold Road Resources Limited | 1.2B | 83 | 72 | 56 | 65 | 60 | 64 | 32 | 1 |
| Lake Resources NL | 1.2B | 78 | 74 | 55 | 64 | 78 | 66 | 33 | 1 |
| Sayona Mining Limited | 1.2B | 78 | 74 | 55 | 64 | 78 | 66 | 34 | 1 |
| Regis Resources Limited | 1.1B | 77 | 74 | 51 | 48 | 63 | 53 | 35 | 1 |
| Piedmont Lithium Inc. | 1.1B | 97 | 54 | 82 | 97 | 39 | 88 | 36 | 1 |
| 5E Advanced Materials Inc. | 927.2M | 44 | 83 | 54 | 45 | 37 | 47 | 37 | 1 |
| ioneer Ltd | 867.9M | 98 | 56 | 80 | 86 | 52 | 85 | 38 | 1 |
| Syrah Resources Limited | 856.9M | 63 | 75 | 38 | 46 | 94 | 49 | 39 | 1 |
| Equigold NL | 854.0M | 57 | 46 | 86 | 50 | 45 | 50 | 40 | 1 |
| Ramelius Resources Limited | 828.4M | 67 | 41 | 78 | 48 | 49 | 56 | 41 | 1 |
| Vulcan Energy Resources Limited | 826.7M | 39 | 53 | 80 | 74 | 41 | 67 | 42 | 1 |
| Jervois Global Limited | 813.1M | 71 | 71 | 44 | 94 | 95 | 78 | 43 | 1 |
| Mincor Resources NL | 808.9M | 83 | 78 | 43 | 62 | 56 | 62 | 44 | 1 |
| Imdex Limited | 796.9M | 59 | 69 | 83 | 61 | 75 | 71 | 45 | 1 |
| Bellevue Gold Limited | 722.0M | 96 | 56 | 81 | 87 | 42 | 84 | 46 | 1 |
| St Barbara Limited | 701.5M | 80 | 69 | 51 | 49 | 61 | 53 | 47 | 1 |
| Emerald Resources NL | 679.4M | 51 | 58 | 80 | 51 | 57 | 60 | 48 | 1 |
| Red 5 Limited | 671.6M | 49 | 45 | 39 | 55 | 96 | 47 | 49 | 1 |
| Boart Longyear Group Ltd. | 651.0M | 85 | 79 | 39 | 60 | 87 | 60 | 50 | 1 |
| Mount Gibson Iron Limited | 629.5M | 94 | 76 | 39 | 41 | 74 | 48 | 51 | 1 |
| Westgold Resources Limited | 575.3M | 77 | 65 | 55 | 47 | 73 | 54 | 52 | 1 |
| OM Holdings Limited | 563.6M | 84 | 69 | 84 | 81 | 50 | 84 | 53 | 1 |
| Australian Strategic Materials Ltd | 540.9M | 44 | 69 | 55 | 46 | 84 | 51 | 54 | 1 |
| Neometals Ltd | 531.9M | 97 | 77 | 46 | 50 | 97 | 60 | 55 | 1 |
| Adriatic Metals PLC | 528.8M | 78 | 74 | 55 | 64 | 78 | 66 | 56 | 1 |
| Argosy Minerals Limited | 467.8M | 78 | 74 | 55 | 64 | 78 | 66 | 57 | 1 |
| Perenti Global Limited | 461.4M | 68 | 71 | 51 | 61 | 74 | 60 | 58 | 1 |
| Champion Iron Limited | 441.1M | 66 | 49 | 73 | 47 | 67 | 58 | 59 | 1 |
| Panoramic Resources Limited | 420.4M | 78 | 75 | 43 | 58 | 85 | 58 | 60 | 1 |
| Hastings Technology Metals Limited | 404.8M | 75 | 72 | 56 | 67 | 67 | 65 | 61 | 1 |
| Alkane Resources Limited | 402.0M | 45 | 56 | 83 | 88 | 40 | 78 | 62 | 1 |
| Centaurus Metals Limited | 397.2M | 78 | 74 | 55 | 64 | 78 | 66 | 63 | 1 |
| Bowen Coking Coal Limited | 385.5M | 78 | 74 | 55 | 64 | 78 | 66 | 64 | 1 |
| Jupiter Mines Limited | 372.2M | 63 | 93 | 46 | 52 | 80 | 66 | 65 | 1 |
| Galan Lithium Limited | 362.2M | 78 | 74 | 55 | 64 | 78 | 66 | 66 | 1 |
| Talga Group Ltd | 359.9M | 90 | 78 | 38 | 45 | 95 | 53 | 67 | 1 |
| BCI Minerals Limited | 349.8M | 86 | 73 | 58 | 67 | 82 | 71 | 68 | 1 |
| Metals X Limited | 344.8M | 90 | 77 | 50 | 67 | 80 | 68 | 69 | 1 |
| Pantoro Limited | 330.8M | 78 | 74 | 55 | 64 | 78 | 66 | 70 | 1 |
| Aurelia Metals Limited | 327.8M | 85 | 69 | 59 | 60 | 72 | 65 | 71 | 1 |
| Macmahon Holdings Limited | 283.7M | 47 | 61 | 72 | 78 | 44 | 68 | 72 | 1 |
| Lotus Resources Limited | 277.3M | 78 | 74 | 55 | 64 | 78 | 66 | 73 | 1 |
| Firefinch Limited | 236.2M | 78 | 74 | 55 | 64 | 78 | 66 | 74 | 1 |
| Andromeda Metals Limited | 229.8M | 78 | 74 | 55 | 64 | 78 | 66 | 75 | 1 |
Income Statement Analysis
AVZ's income statement showed strong financials, specifically Revenue Efficiency and EBITDA. AVZ's financials reveal an interesting trend for their revenue efficiency. This characteristic can affect companies in the same industry and market capitalization by up to 24.0%. Their impressive revenue efficiency is even more impressive relative to its peers and competitors in the current market. As a result, its revenue efficiency earned a score of 87. Also, AVZ's management did a remarkable job this period managing its EBITDA. In terms of the raw numbers, EBITDA was reported as -11.8, which represents a -203.9% change from the last period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 20.0%. The company is headed in the right direction regarding EBITDA, exhibiting efficient capital controls and strong overall financial performance. Therefore, its EBITDA component earned a score of 63. That said, one metric, Return Factors, stood out as strongly negative. AVZ's reported return on equity (ROE) ratio was -8.3, representing a change of -35.1%. This metric might have a 10.6 percent impact on companies in the same industry and with the same market capitalization. These numbers show that management has been unsuccessful in fostering appropriate growth related to return on assets and return on equity momentum relative to their peers. Consequently, their return factors received a grade of 41. Because its management is doing an excellent job managing these critical metrics, the income statement was given a score of 68.
| Parameter | Value | Change | Score |
|---|---|---|---|
| EBITDA | -11.8 | -203.9% | 63 |
| Total Revenues | 0.9 | 0.0% | 87 |
| Return on Equity | -8.3 | -35.1% | 41 |
The below chart describes AVZ's performance as reflected on its income statement with respect to its peers. While AVZ received a income statement score of 68 , the average of its peers stands on 67.0.
- AVZ
- Peers average
| Name | Market Cap | Revenue Momentum | Earning Movement | Return Factors Momentum | Income Statement | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|
| BHP Group Limited | 208.5B | 64 | 79 | 79 | 71 | 0 | 1 |
| Fortescue Metals Group Limited | 55.0B | 58 | 78 | 75 | 67 | 1 | 1 |
| Newcrest Mining Limited | 19.4B | 95 | 45 | 48 | 66 | 2 | 1 |
| South32 Limited | 18.7B | 47 | 94 | 95 | 72 | 3 | 1 |
| Mineral Resources Limited | 9.2B | 94 | 42 | 44 | 63 | 4 | 1 |
| Lynas Rare Earths Limited | 8.3B | 50 | 91 | 83 | 69 | 5 | 1 |
| Northern Star Resources Limited | 8.2B | 48 | 66 | 68 | 56 | 6 | 1 |
| IGO Limited | 7.8B | 98 | 72 | 48 | 78 | 7 | 1 |
| BlueScope Steel Limited | 7.3B | 86 | 71 | 66 | 72 | 8 | 1 |
| Pilbara Minerals Limited | 6.9B | 38 | 96 | 96 | 69 | 9 | 1 |
| Allkem Limited | 6.9B | 46 | 75 | 74 | 61 | 10 | 1 |
| OZ Minerals Limited | 6.2B | 48 | 82 | 82 | 66 | 11 | 1 |
| Evolution Mining Limited | 4.8B | 94 | 46 | 43 | 64 | 12 | 1 |
| Alumina Limited | 4.4B | 87 | 73 | 76 | 79 | 13 | 1 |
| OZ Minerals Holdings Pty Ltd | 4.0B | 39 | 88 | 45 | 61 | 14 | 1 |
| Iluka Resources Limited | 3.9B | 50 | 62 | 89 | 60 | 15 | 1 |
| Andean Resources Ltd. | 3.7B | 37 | 89 | 91 | 97 | 16 | 1 |
| Coronado Global Resources Inc. | 2.9B | 39 | 98 | 97 | 74 | 17 | 1 |
| Nickel Industries Limited | 2.8B | 66 | 61 | 55 | 60 | 18 | 1 |
| Sims Limited | 2.7B | 45 | 90 | 92 | 69 | 19 | 1 |
| Zimplats Holdings Limited | 2.6B | 94 | 50 | 52 | 68 | 20 | 1 |
| Liontown Resources Limited | 2.4B | 87 | 78 | 91 | 84 | 21 | 1 |
| Perseus Mining Limited | 2.3B | 42 | 88 | 83 | 65 | 22 | 1 |
| Deterra Royalties Limited | 2.3B | 45 | 83 | 66 | 61 | 23 | 1 |
| Sandfire Resources Limited | 1.9B | 64 | 73 | 74 | 69 | 24 | 1 |
| Core Lithium Ltd | 1.8B | 87 | 47 | 81 | 70 | 25 | 1 |
| Chalice Mining Limited | 1.5B | 99 | 65 | 76 | 81 | 26 | 1 |
| Grange Resources Limited | 1.5B | 74 | 61 | 61 | 64 | 27 | 1 |
| Capricorn Metals Ltd | 1.3B | 37 | 98 | 97 | 69 | 28 | 1 |
| West African Resources Limited | 1.3B | 43 | 84 | 63 | 59 | 29 | 1 |
| Silver Lake Resources Limited | 1.2B | 95 | 42 | 41 | 63 | 30 | 1 |
| De Grey Mining Limited | 1.2B | 44 | 45 | 76 | 47 | 31 | 1 |
| Gold Road Resources Limited | 1.2B | 94 | 48 | 49 | 67 | 32 | 1 |
| Lake Resources NL | 1.2B | 87 | 62 | 66 | 73 | 33 | 1 |
| Sayona Mining Limited | 1.2B | 87 | 62 | 66 | 73 | 34 | 1 |
| Regis Resources Limited | 1.1B | 65 | 50 | 45 | 53 | 35 | 1 |
| Piedmont Lithium Inc. | 1.1B | 87 | 63 | 68 | 77 | 36 | 1 |
| 5E Advanced Materials Inc. | 927.2M | 74 | 37 | 56 | 58 | 37 | 1 |
| ioneer Ltd | 867.9M | 87 | 55 | 60 | 69 | 38 | 1 |
| Syrah Resources Limited | 856.9M | 38 | 67 | 62 | 50 | 39 | 1 |
| Equigold NL | 854.0M | 79 | 44 | 91 | 65 | 40 | 1 |
| Ramelius Resources Limited | 828.4M | 94 | 51 | 48 | 68 | 41 | 1 |
| Vulcan Energy Resources Limited | 826.7M | 87 | 67 | 84 | 78 | 42 | 1 |
| Jervois Global Limited | 813.1M | 37 | 94 | 93 | 71 | 43 | 1 |
| Mincor Resources NL | 808.9M | 98 | 57 | 59 | 77 | 44 | 1 |
| Imdex Limited | 796.9M | 77 | 60 | 56 | 56 | 45 | 1 |
| Bellevue Gold Limited | 722.0M | 87 | 44 | 83 | 69 | 46 | 1 |
| St Barbara Limited | 701.5M | 93 | 56 | 53 | 70 | 47 | 1 |
| Emerald Resources NL | 679.4M | 37 | 96 | 94 | 68 | 48 | 1 |
| Red 5 Limited | 671.6M | 95 | 58 | 66 | 75 | 49 | 1 |
| Boart Longyear Group Ltd. | 651.0M | 93 | 58 | 67 | 74 | 50 | 1 |
| Mount Gibson Iron Limited | 629.5M | 99 | 62 | 66 | 78 | 51 | 1 |
| Westgold Resources Limited | 575.3M | 84 | 58 | 43 | 65 | 52 | 1 |
| OM Holdings Limited | 563.6M | 50 | 96 | 97 | 75 | 53 | 1 |
| Australian Strategic Materials Ltd | 540.9M | 91 | 62 | 66 | 74 | 54 | 1 |
| Neometals Ltd | 531.9M | 87 | 66 | 56 | 72 | 55 | 1 |
| Adriatic Metals PLC | 528.8M | 87 | 62 | 66 | 73 | 56 | 1 |
| Argosy Minerals Limited | 467.8M | 87 | 62 | 66 | 73 | 57 | 1 |
| Perenti Global Limited | 461.4M | 73 | 81 | 87 | 78 | 58 | 1 |
| Champion Iron Limited | 441.1M | 95 | 50 | 45 | 71 | 59 | 1 |
| Panoramic Resources Limited | 420.4M | 95 | 50 | 62 | 71 | 60 | 1 |
| Hastings Technology Metals Limited | 404.8M | 90 | 51 | 53 | 68 | 61 | 1 |
| Alkane Resources Limited | 402.0M | 68 | 74 | 74 | 70 | 62 | 1 |
| Centaurus Metals Limited | 397.2M | 87 | 62 | 66 | 73 | 63 | 1 |
| Bowen Coking Coal Limited | 385.5M | 87 | 62 | 66 | 73 | 64 | 1 |
| Jupiter Mines Limited | 372.2M | 96 | 46 | 50 | 81 | 65 | 1 |
| Galan Lithium Limited | 362.2M | 87 | 62 | 66 | 73 | 66 | 1 |
| Talga Group Ltd | 359.9M | 87 | 40 | 47 | 60 | 67 | 1 |
| BCI Minerals Limited | 349.8M | 94 | 47 | 56 | 68 | 68 | 1 |
| Metals X Limited | 344.8M | 94 | 84 | 79 | 87 | 69 | 1 |
| Pantoro Limited | 330.8M | 87 | 62 | 66 | 73 | 70 | 1 |
| Aurelia Metals Limited | 327.8M | 68 | 58 | 49 | 58 | 71 | 1 |
| Macmahon Holdings Limited | 283.7M | 88 | 51 | 48 | 65 | 72 | 1 |
| Lotus Resources Limited | 277.3M | 87 | 62 | 66 | 73 | 73 | 1 |
| Firefinch Limited | 236.2M | 87 | 62 | 66 | 73 | 74 | 1 |
| Andromeda Metals Limited | 229.8M | 87 | 62 | 66 | 73 | 75 | 1 |
Cash Flow Analysis
AVZ's cash flow factors had several troubling metrics this period. AVZ's asset turnover numbers were discouraging, reflecting significant concerns related to management's ability to leverage assets to generate sales effectively and efficiently. AVZ recorded asset turnover of 0.0, which represents a -34.0% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 2.7%. Their lackluster asset turnover metrics, specifically in contrast to leading industry peers' performance, could present significant headwinds. Underwhelming results in asset turnover metrics often lead to negative pressure in stock prices, so we rated its asset turnover momentum 37. Also, AVZ's management was not successful in meaningfully improving their cash flow metrics. As of the current filing, they were reported as 68.1 and represented a 679.8% change from the previous period. As demonstrated by these concerning net cash flow metrics, their priorities seem to be headed in the wrong direction. Hence, their net cash flow earned a score of 60. That said, one metric, Capex, stood out as strongly positive. AVZ's management was effective in improving its CapEx, which now sits at -38.4 and represents -219.1% change from the previous report. The company appears to be headed in the right direction regarding resource allocation, exhibiting prudent capital expenditure growth compared to its peers. The company's CapEx movement, therefore, received a grade of 76. Its cash flow, therefore, earned a score of 58.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Net Cashflow | 68.1 | 679.8% | 60 |
| Capital Expenditure | -38.4 | -219.1% | 76 |
| Asset Turnover | 0.0 | -34.0% | 37 |
| Free Cashflow | -0.0 | -184.6% | 69 |
The below chart describes AVZ's performance as reflected on its cash flow with respect to its peers. While AVZ received a cash flow score of 58, the average of its peers stands on 68.0.
- AVZ
- Peers average
| Name | Market Cap | Cashflow Momentum | Free Cashflow Growth | Capital Expenditure Growth | Assets Factors Momentum | Cash Flow | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|
| BHP Group Limited | 208.5B | 70 | 77 | 80 | 71 | 75 | 0 | 1 |
| Fortescue Metals Group Limited | 55.0B | 74 | 78 | 69 | 74 | 75 | 1 | 1 |
| Newcrest Mining Limited | 19.4B | 58 | 48 | 63 | 55 | 57 | 2 | 1 |
| South32 Limited | 18.7B | 72 | 86 | 82 | 75 | 78 | 3 | 1 |
| Mineral Resources Limited | 9.2B | 58 | 69 | 54 | 63 | 61 | 4 | 1 |
| Lynas Rare Earths Limited | 8.3B | 78 | 63 | 76 | 58 | 70 | 5 | 1 |
| Northern Star Resources Limited | 8.2B | 70 | 58 | 54 | 91 | 73 | 6 | 1 |
| IGO Limited | 7.8B | 80 | 73 | 66 | 57 | 72 | 7 | 1 |
| BlueScope Steel Limited | 7.3B | 48 | 47 | 56 | 70 | 52 | 8 | 1 |
| Pilbara Minerals Limited | 6.9B | 87 | 97 | 76 | 78 | 86 | 9 | 1 |
| Allkem Limited | 6.9B | 75 | 77 | 70 | 84 | 82 | 10 | 1 |
| OZ Minerals Limited | 6.2B | 69 | 97 | 66 | 73 | 78 | 11 | 1 |
| Evolution Mining Limited | 4.8B | 54 | 49 | 61 | 39 | 50 | 12 | 1 |
| Alumina Limited | 4.4B | 68 | 74 | 76 | 70 | 72 | 13 | 1 |
| OZ Minerals Holdings Pty Ltd | 4.0B | 49 | 86 | 84 | 39 | 50 | 14 | 1 |
| Iluka Resources Limited | 3.9B | 75 | 84 | 52 | 74 | 74 | 15 | 1 |
| Andean Resources Ltd. | 3.7B | 40 | 55 | 56 | 37 | 41 | 16 | 1 |
| Coronado Global Resources Inc. | 2.9B | 77 | 86 | 53 | 93 | 81 | 17 | 1 |
| Nickel Industries Limited | 2.8B | 75 | 63 | 76 | 61 | 70 | 18 | 1 |
| Sims Limited | 2.7B | 83 | 98 | 56 | 82 | 82 | 19 | 1 |
| Zimplats Holdings Limited | 2.6B | 75 | 77 | 63 | 44 | 64 | 20 | 1 |
| Liontown Resources Limited | 2.4B | 59 | 69 | 76 | 51 | 62 | 21 | 1 |
| Perseus Mining Limited | 2.3B | 69 | 94 | 90 | 83 | 83 | 22 | 1 |
| Deterra Royalties Limited | 2.3B | 77 | 88 | 96 | 51 | 75 | 23 | 1 |
| Sandfire Resources Limited | 1.9B | 73 | 85 | 63 | 71 | 76 | 24 | 1 |
| Core Lithium Ltd | 1.8B | 61 | 69 | 76 | 72 | 69 | 25 | 1 |
| Chalice Mining Limited | 1.5B | 53 | 62 | 84 | 38 | 55 | 26 | 1 |
| Grange Resources Limited | 1.5B | 75 | 79 | 76 | 62 | 73 | 27 | 1 |
| Capricorn Metals Ltd | 1.3B | 81 | 83 | 81 | 79 | 82 | 28 | 1 |
| West African Resources Limited | 1.3B | 73 | 84 | 42 | 58 | 66 | 29 | 1 |
| Silver Lake Resources Limited | 1.2B | 63 | 53 | 64 | 47 | 58 | 30 | 1 |
| De Grey Mining Limited | 1.2B | 80 | 69 | 76 | 61 | 73 | 31 | 1 |
| Gold Road Resources Limited | 1.2B | 57 | 57 | 54 | 50 | 56 | 32 | 1 |
| Lake Resources NL | 1.2B | 68 | 69 | 76 | 60 | 68 | 33 | 1 |
| Sayona Mining Limited | 1.2B | 68 | 69 | 76 | 60 | 68 | 34 | 1 |
| Regis Resources Limited | 1.1B | 65 | 76 | 68 | 69 | 69 | 35 | 1 |
| Piedmont Lithium Inc. | 1.1B | 59 | 62 | 69 | 54 | 60 | 36 | 1 |
| 5E Advanced Materials Inc. | 927.2M | 55 | 48 | 71 | 71 | 61 | 37 | 1 |
| ioneer Ltd | 867.9M | 47 | 57 | 54 | 51 | 51 | 38 | 1 |
| Syrah Resources Limited | 856.9M | 59 | 58 | 43 | 98 | 69 | 39 | 1 |
| Equigold NL | 854.0M | 91 | 69 | 72 | 84 | 87 | 40 | 1 |
| Ramelius Resources Limited | 828.4M | 59 | 56 | 81 | 58 | 62 | 41 | 1 |
| Vulcan Energy Resources Limited | 826.7M | 67 | 69 | 76 | 69 | 71 | 42 | 1 |
| Jervois Global Limited | 813.1M | 43 | 51 | 38 | 82 | 54 | 43 | 1 |
| Mincor Resources NL | 808.9M | 63 | 63 | 72 | 45 | 57 | 44 | 1 |
| Imdex Limited | 796.9M | 71 | 72 | 79 | 73 | 74 | 45 | 1 |
| Bellevue Gold Limited | 722.0M | 51 | 64 | 56 | 51 | 54 | 46 | 1 |
| St Barbara Limited | 701.5M | 54 | 46 | 71 | 55 | 56 | 47 | 1 |
| Emerald Resources NL | 679.4M | 84 | 81 | 80 | 81 | 84 | 48 | 1 |
| Red 5 Limited | 671.6M | 68 | 49 | 48 | 59 | 59 | 49 | 1 |
| Boart Longyear Group Ltd. | 651.0M | 62 | 74 | 81 | 63 | 68 | 50 | 1 |
| Mount Gibson Iron Limited | 629.5M | 68 | 69 | 59 | 56 | 64 | 51 | 1 |
| Westgold Resources Limited | 575.3M | 59 | 69 | 71 | 59 | 63 | 52 | 1 |
| OM Holdings Limited | 563.6M | 75 | 90 | 90 | 75 | 82 | 53 | 1 |
| Australian Strategic Materials Ltd | 540.9M | 72 | 69 | 76 | 69 | 72 | 54 | 1 |
| Neometals Ltd | 531.9M | 62 | 54 | 71 | 52 | 60 | 55 | 1 |
| Adriatic Metals PLC | 528.8M | 68 | 69 | 76 | 60 | 68 | 56 | 1 |
| Argosy Minerals Limited | 467.8M | 68 | 69 | 76 | 60 | 68 | 57 | 1 |
| Perenti Global Limited | 461.4M | 61 | 69 | 54 | 78 | 67 | 58 | 1 |
| Champion Iron Limited | 441.1M | 56 | 69 | 51 | 49 | 55 | 59 | 1 |
| Panoramic Resources Limited | 420.4M | 69 | 69 | 79 | 54 | 67 | 60 | 1 |
| Hastings Technology Metals Limited | 404.8M | 65 | 68 | 74 | 57 | 67 | 61 | 1 |
| Alkane Resources Limited | 402.0M | 69 | 58 | 68 | 71 | 68 | 62 | 1 |
| Centaurus Metals Limited | 397.2M | 68 | 69 | 76 | 60 | 68 | 63 | 1 |
| Bowen Coking Coal Limited | 385.5M | 68 | 69 | 76 | 60 | 68 | 64 | 1 |
| Jupiter Mines Limited | 372.2M | 51 | 51 | 84 | 44 | 50 | 65 | 1 |
| Galan Lithium Limited | 362.2M | 68 | 69 | 76 | 60 | 68 | 66 | 1 |
| Talga Group Ltd | 359.9M | 53 | 48 | 76 | 70 | 62 | 67 | 1 |
| BCI Minerals Limited | 349.8M | 62 | 54 | 76 | 49 | 60 | 68 | 1 |
| Metals X Limited | 344.8M | 70 | 81 | 72 | 55 | 68 | 69 | 1 |
| Pantoro Limited | 330.8M | 68 | 69 | 76 | 60 | 68 | 70 | 1 |
| Aurelia Metals Limited | 327.8M | 72 | 58 | 54 | 49 | 60 | 71 | 1 |
| Macmahon Holdings Limited | 283.7M | 72 | 53 | 46 | 57 | 62 | 72 | 1 |
| Lotus Resources Limited | 277.3M | 68 | 69 | 76 | 60 | 68 | 73 | 1 |
| Firefinch Limited | 236.2M | 68 | 69 | 76 | 60 | 68 | 74 | 1 |
| Andromeda Metals Limited | 229.8M | 68 | 69 | 76 | 60 | 68 | 75 | 1 |
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