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This stock no longer trades (delisted November 7, 2023)

Delisted / no longer publicly traded (per market data provider) Everything below is based on the last available data — treat it as historical, not a live read.

Essential Metals Limited logo

Essential Metals Limited

ESS.AX
Industrial Materials · Basic Materials
Exchange
Australian Securities Exchange
Winston Score
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No score yet — Winston is napping.
We couldn’t gather enough financial data to score this stock reliably.

Winston Score History

The full picture

Essential Metals Limited is a small Australian mining exploration company focused on finding and developing lithium deposits. Its main project is the Pioneer Dome lithium project in Western Australia, which contains spodumene — a hard rock mineral used to make lithium for electric vehicle batteries. The company does not yet produce or sell any minerals commercially.

Essential Metals makes no revenue today, which explains its zero margins. It funds operations through equity raises and is entirely in the exploration and development stage. The company operates solely in Western Australia and has a market cap of around $100 million, making it a junior explorer with no established competitive moat beyond its tenement holdings. The key risk is that lithium prices have fallen sharply from their 2022 peaks, making it harder to attract development funding and potentially delaying any path to production.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

EPS data limited

Insider Activity

33.7%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~12 months

A$11M cash & investments

Adequate runway but may need to raise capital within 2 years

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
N/A
Data not available
Profit after running costs
Operating Margin
N/A
Data not available
Return on the money invested
ROCE
-8.3%
Weak — -8.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
N/A
Data not available
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
N/A
Data not available

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
N/A
Data not available

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Stability

What it owes vs what it owns
Debt / Equity
0.01
Conservative — low debt load (0.01)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
no trend
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
0.32%
no trend
Small dividend — 0.32% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
N/A
no trend
Data not available

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