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Deep Value: cash covers more than 100% of the stock price

This company holds roughly $49M in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

LE Minerals Limited logo

LE Minerals Limited

LEL.AX
Industrial Materials · Basic Materials
Price
A$0.33
+0.01 (+1.56%)
Market Cap
A$36.4M
Exchange
Australian Securities Exchange
Winston Score
Winston looking sleepy
No score yet — Winston is napping.
We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+40.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 80.0M (2021) → 112.0M (2025)

Winston Score History

The full picture

LE Minerals Limited is a small Australian mining exploration company focused on finding and developing mineral deposits. The company is in the early stages of exploring for critical minerals, which are materials used in things like batteries, electronics, and clean energy technology. It operates in the basic materials sector, where companies search for valuable resources in the ground before eventually mining and selling them.

LE Minerals does not yet generate meaningful revenue, which is typical for early-stage exploration companies. It raises money by issuing shares to investors and uses that cash to fund geological surveys, drilling, and other exploration activities. The company operates in Australia, and its market cap is very small, reflecting the high-risk, early-stage nature of its business. The biggest risk it faces is that exploration may not lead to a commercially viable mineral discovery, which would make it difficult to attract further investment or generate returns for shareholders.

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

+50.4% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

A$0/ year

Research and development spending

Insider Activity

29.0%ownership

Insiders own a meaningful stake in the company

Cash Runway

5+ years

Quarterly Free Cash Flow

→ Burn rate stable

A$43M cash & investments at current burn rate

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.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

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
-3.6%
Weak — -3.6% 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
4/7 quarters
Earnings inconsistent quarter-to-quarter

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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
N/A
Data not available
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

Not applicable for this business.
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