When is Hastings Technology Metals Limited (ASX:HAS) Expected to Achieve Breakeven?

February 21, 2025 01:36 PM AEDT | By Team Kalkine Media

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When is Hastings Technology Metals Limited (ASX:HAS) Expected to Achieve Breakeven? — Image source: Shutterstock

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Highlights

Hastings Technology Metals Limited is on the brink of significant achievement.

Expected breakeven is just over a year away, with anticipated growth of 19% annually.

Company's debt level is at 57%, requiring stringent capital management.

Exciting times appear to be on the horizon for Hastings Technology Metals Limited (ASX:HAS), as the company stands poised for a major milestone. Engaged in the exploration and development of rare earth deposits within Australia, this AU$65 million market-cap company recently reported a loss of AU$34 million for the financial year ending June 2024.

Investor attention is turning towards the company's journey to profitability. Analysts following ASX:HAS project that the breakeven point is near, with a predicted final loss in 2025 paving the way for an anticipated profit of AU$39 million in 2026. To reach this breakeven point, analysts estimate an average annual growth rate of 19%, which seems attainable given the industry's nature.

It's crucial to consider the underlying factors driving ASX:HAS's growth. As part of the metal and mining sector, Hastings Technology Metals often experiences inconsistent cash flows influenced by the resources extracted and current operational stages. Hence, a double-digit growth forecast isn't surprising, particularly during investment phases.

One aspect to watch is the company’s debt level. With debt constituting 57% of equity, there is a need for robust capital management, introducing investment risk elements for this loss-making venture.

For those intrigued by Hastings Technology Metals' journey, more detailed insights and analyses can be found on their company page, including examinations of historical performance, management team credentials, and valuations. Discover how ASX:HAS measures up against other high-performing stocks and assess whether it might be undervalued or overvalued through comprehensive analysis, featuring insights into fair value estimates, potential risks, dividends, insider activities, and financial condition.

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