# Strategic Minerals Plc (SML.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Basic Materials / Metals & Mining. Price 5p, market value 142 millionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Strategic Minerals Plc 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: 21.1×**. Each dollar of revenue is priced at 21.1×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 22.6×**. The shares trade at 22.6× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 46.5×**. Enterprise value is 46.5× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 1.1%** (5-yr avg 0.0%). Free cash flow equals 1.1% of the market value, above its five-year average of 0.0%, so the shares are cheaper on cash than they have usually been.

## Profitability
- **Gross margin: 82.2%**. Strategic Minerals Plc keeps 82.2% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 32.2%**. 32.2% of revenue is left after running the business, an exceptional level.
- **Net margin: -3.5%**. The company reported a net loss over the last twelve months.
- **Return on equity: -2.1%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 21.7%**. Return on all capital, debt included, is 21.7%: comfortably above what that capital costs.
- **Return on assets: 11.6%**. Each dollar of assets produces 11.6% of profit.

## Growth
- **Revenue growth (1 yr): -10.8%** (3-yr 20.0%/yr, 5-yr 6.9%/yr). Revenue fell 10.8% over the last year, against 6.9% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -116.7%**. Earnings per share fell 116.7%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.12**. Debt is 0.12 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.0×**. It would take 0.0 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 26.0×**. Operating profit covers interest 26.0× over, a safe margin.
- **Current ratio: 0.72** (quick 0.71). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 33.54**. A Z-score of 33.54 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Strategic Minerals Plc does not currently pay a dividend, but it returned -0.7% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 1380.3%** (YTD 268.8%, 3-mo 9.5%). The shares are up 1380.3% over twelve months including dividends.
- **From 52-week high: -31.1%** (1576.7% above the low). Trading 31% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 59**. An RSI of 59 is neutral.
- **Beta (1 yr): 0.46** (volatility 129%). Beta of 0.46 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.