# Kenmare Resources Ltd. (KMR.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Basic Materials / Metals & Mining. Price 190p, market value 168 millionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Kenmare Resources Ltd. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 0.3×**. Each dollar of revenue is priced at 0.3×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.3×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 1.8×**. Enterprise value is 1.8× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -41.5%** (5-yr avg 0.1%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 15.2%**. Kenmare Resources Ltd. keeps 15.2% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: -1.4%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -98.9%**. The company reported a net loss over the last twelve months.
- **Return on equity: -40.7%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -1.1%**. Return on all capital, debt included, is -1.1%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -23.6%**. Each dollar of assets produces -23.6% of profit.

## Growth
- **Revenue growth (1 yr): -19.1%** (3-yr -13.9%/yr, 5-yr 6.6%/yr). Revenue fell 19.1% over the last year, against 6.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -622.5%**. Earnings per share fell 622.5%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.25**. Debt is 0.25 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.7×**. It would take 0.7 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: -0.8×**. Operating profit covers interest only -0.8×: fragile.
- **Current ratio: 3.24** (quick 1.67). Current assets cover the next year's liabilities 3.24 times.
- **Altman Z-score: 1.86**. A Z-score of 1.86 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 10.05%** (0p per share, trailing). Kenmare Resources Ltd. yields 10.05%, high enough to check carefully: yields this high often precede a cut.
- **Dividend growth (5 yr): 28.1%/yr** (1-yr -49.6%). The dividend has compounded at 28.1% a year over five years, doubling roughly every 3 years at that pace.
- **Shareholder yield: 11.5%**. Dividends plus net buybacks return 11.5% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (4 analysts). 4 analysts cover Kenmare Resources Ltd.; the consensus is buy, with an average price target of 381p (+101% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -40.4%** (YTD -22.8%, 3-mo -9.8%). The shares are down 40.4% over twelve months including dividends.
- **From 52-week high: -41.6%** (6.5% above the low). Trading 42% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 44**. An RSI of 44 is neutral.
- **Beta (1 yr): 0.63** (volatility 46%). Beta of 0.63 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=KMR.L · Page: https://foliofundamentals.com/stocks/kmr.l

Not investment advice.