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Hastings Technology Metals Limited (ASX: HAS) - Financials

Current share price for HAS : $0.355 0.005 (1.39%)

Hastings Technology Metals Limited (HAS, formerly Hastings Rare Metals Ltd) is an Australian rare earths Mining Company based in Perth developing the Yangibana Project to become producer of neodymium and praseodymium (NdPr). The company also has the Brockman project (41Mt), near Halls Creek in the Kimberley.

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HAS Per Share

Year to Jun Sales Cashflow Earnings Dividends Franking Book Value Average
Annual P/E		 Relative P/E Shareholder Return
2023 -7.6 ¢ -8.2 ¢ 0 ¢ 0% $2.31 0 0% -66.2%
2022 -10.4 ¢ -9.8 ¢ 0 ¢ 0% $2.64 0 0% 16.5%
2021 -6.7 ¢ -9 ¢ 0 ¢ 0% $2.42 0 0% 47.8%

HAS Capital Structure

Total Debt Interest Long Term Debt Percent Debt Preferred Stock Share Equity Percent Equity
$134,796 $20,562 $133,982 30% $0.00 $315,173 70%
Note: All dollars in thousands ('000) for the table above

HAS Historical Financials

2023 2022 2021
Revenue ($M)
Operating Margin (%)
Depreciation ($M) -0.4 -0.4 -0.3
Amortisation ($M)
Net Profit Before Abs ($M) -10.6 -9.4 -6.3
Net Profit After Abs ($M) -10.6 -9.4 -6.3
Income Tax Rate (%)
Net Profit Margin (%)
Employees ($T)
Long Term Debt ($M) 134 0.4
Shareholders Equity ($M) 315.2 282.4 221.9
Return on Capital (%) 1 -3 -3
Return on Equity (%) -3.4 -3.3 -2.9
Payout Ratio (%)

HAS Cashflow

2023 2022 2021
Customer Receipts ($M)
Net Operating Cashflow ($M) -9.7 -10.01 -4.7
Net Investing Cashflow ($M) -261 34 -92
Net Financing Cashflow ($M) 249 67 116

HAS Market & Earnings

2023 2022 2021
Market Cap ($M) 173 402 296
Net Gearing (%) 11.5 -42.2 -12.6
Net Interest Cover (%) 0.3 32.4 67.2
Dividend Yield (%)
NTA Per Share ($) 2.44 2.78 0.13
EBITDA ($M) 5.75 -9.36 -6.11
EBIT ($M) 5.33 -9.74 -6.43
EBT Before Abs ($M) -10.58 -9.44 -6.33

HAS Balance Sheet

2023 2022 2021
Cash ($M) 98.6 119.9 28.1
Debtors ($M)
Other Debtors ($M) 6.15 2.96 0.28
Prepayments ($M) 2.2 5.63 4.34
Inventories ($M)
Current Investments ($M) 15 82
Other Current Assets ($M)
Total Current Assets ($M) 107 143.5 114.7
Receivables ($M)
Inventories ($M)
Property, Plant & Equipment ($M) 214.9 84 46.9
Accumulated Depreciation ($M) -0.68 -0.56 -0.39
Intangibles ex. Goodwill ($M)
Goodwill ($M)
Future Income Tax Benefit ($M)
Non-Current Investments ($M) 83.9
Other Non-Current Assets ($M) 88.3 71.4 64.7
Total Non-Current Assets ($M) 386.4 154.9 111.2
Total Assets ($M) 493.4 298.3 225.9
Accounts Payable ($M) 22.58 11.89 2.69
Provisions ($M) 13.86 0.34 0.2
Short Term Debt ($M) 0.81 0.2 0.11
Other Current Liabilities ($M)
Total Current Liabilities ($M) 37.26 12.44 3.01
Creditors ($M)
Long Term Debt ($M) 133.98 0.39
Provisions ($M) 4.54 3.09 0.97
Other Non-Current Liabilities ($M) 2.47
Total Non-Current Liabilities ($M) 140.99 3.47 0.97
Total Liabilities ($M) 178.25 15.91 3.98
Share Capital ($M) 435.3 318.8 242.3
Reserves ex. Share Premium ($M) -71.82 1.66 8.29
Share Premium Reserve ($M)
Retained Profits ($M) -48.3 -38 -28.6
Other Shareholders Equity ($M)
Convertible Equity ($M)
Outside Equity Interest ($M)
Total Shareholders Equity ($M) 315.2 282.4 221.9

DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service. Please refer to our Financial Services Guide for more information.

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