Added to YB: 2026-01-27
Pitch date: 2026-01-23
KMR.L [neutral]
Kenmare Resources plc
Author Info
No bio for this author
Company Info
Kenmare Resources plc, together with its subsidiaries, engages in the production and sale of mineral sand products in China, rest of Asia, Europe, the United States, and internationally.
Market Cap
GBP 295.1M
Pitch Price
GBP 2.59
Price Target
N/A
Dividend
8.16%
EV/EBITDA
2.68
P/E
-5.84
EV/Sales
0.91
Sector
Metals and Mining
Category
value
Theodosian Capital | Stocks Update 23/1/2026 - KMR – Production report and 2026 guidance
KMR.L (update): Met revised Q4 guidance despite downgrades; WCP-A commissioning on track with capex dropping to $30M from $156M. However, prioritizing value over volume in weak market, taking $200M impairment, $15M inventory writedown. Key risk: Implementation Agreement renewal delayed since Dec 2024 despite CEO-President meetings. Trading at cheap 4.0x 2027 EV/EBITDA.
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