olivLaw · European equity research
NEO ENERGY METALS PLC NEO.L
United Kingdom · London Stock Exchange · ISIN GB00BYWLRL80 · Vertical: Listed companies from United Kingdom
NEO ENERGY METALS PLC is an exploration and development company for uranium and gold in South Africa, aiming to become a near-term producer using brownfield projects with existing infrastructure. It reports combined uranium and gold resources of 117 million pounds of uranium and an in situ mineral value of 30.4 billion USD, but key approvals and funding remain conditional.
At the close of 05 Nov 2026, NEO ENERGY METALS PLC (NEO.L) stock was 0.00 GBP (+6.98% on the day), with beta -27.88, 52-week range 0.00–0.01 GBP.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 31.8
- weak (30–45)
- Bollinger (20, 2)
- 0.00 – 0.01
- in the lower half of the band · %B 0.23 · band width 33.1%
- SMA 50 / 200
- 0.01 / 0.01
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.00 / -0.00
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −27.0% | −0.6% | −26.3 pp | — |
| 3 months | −47.4% | −4.2% | −43.3 pp | — |
| 6 months | −56.2% | +4.3% | −60.5 pp | — |
| Year to date | −51.4% | +7.5% | −58.9 pp | — |
| 1 year | unavailable | +9.9% | unavailable | +6.7% |
| 3 years | unavailable | +49.8% | unavailable | +24.8% |
| 5 years | unavailable | +42.8% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
EPS unavailable in the issuer's structured filings (e.g. a partnership reports per unit, not per share).
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2024 | 2025 |
|---|---|---|
| Revenue | unavailable | unavailable |
| Revenue YoY | unavailable | unavailable |
| Net income | -6.8 m | -6.1 m |
| Net income YoY | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable |
| net % | unavailable | unavailable |
| Free cash flow | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 30 Sept 2025
- Cash
- 19.1 k GBP
- Financial debt
- 1.9 k GBP
- Net debt
- -17.1 k GBP
- Equity
- -126.7 k GBP
- Total assets
- 19.9 m GBP
- Debt / equity
- unavailable
- Current ratio
- 0.01x
- ROE
- unavailable
- ROA
- -31.6%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (GBP)
Income statement · GBP
Balance sheet · GBP
| Line | 2024 | 2025 | Source (latest year) |
|---|---|---|---|
| Cash | 2.6 k | 19.1 k | esef· 04 Mar 2026verified |
| Receivables | 135.9 k | 119.3 k | esef· 04 Mar 2026verified |
| Current assets | 138.5 k | 138.3 k | esef· 04 Mar 2026verified |
| Intangibles (excl. goodwill) | 18.3 m | 19.7 m | esef· 04 Mar 2026verified |
| Total assets | 18.4 m | 19.9 m | esef· 04 Mar 2026verified |
| Accounts payable | 18.2 m | 18.9 m | esef· 04 Mar 2026verified |
| Short-term debt | 1.9 k | 1.9 k | esef· 04 Mar 2026verified |
| Current liabilities | 18.2 m | 18.9 m | esef· 04 Mar 2026verified |
| Total liabilities | 18.7 m | 20.0 m | esef· 04 Mar 2026verified |
| Equity | -293.2 k | -126.7 k | esef· 04 Mar 2026verified |
Cash flow · GBP
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 2 of at least 6
- score weight coverage: 10.4% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
10% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 2 of at least 6; score weight coverage: 10.4% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | unavailable | unavailable | — |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -17,053.4x | 0 (on a fixed band) | 60% |
| Current ratio · Balance sheet | 0.0x | 0 (on a fixed band) | 40% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet0/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partialunavailable · 0/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
NEO ENERGY METALS PLC (NEO.L). Latest full fiscal year: 2025; data up to 2025-09-30.
Financial indicators are unavailable.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 2 of at least 6; score weight coverage: 10.4% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- Interest coverage: -17,053.4x
- Current ratio: 0.0x
Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from United Kingdom · same country · compared with 40 companies
Multiples and returns vs the median
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BATS.LBritish American Tobacco P.L.C. | 104.3 bn | 13.5 | 16.5% | 30.3% | −1.0% | +7% / +88% |
| ABF.LAssociated British Foods PLC | 14.7 bn | 14.3 | 9.2% | 5.3% | −3.1% | −5% / −15% |
| 0EV1.LCarnival PLC | 5.5 bn | 4.1 | 46.7% | 13.4% | +6.4% | unavailable / unavailable |
| BAB.LBabcock International Group PLC | 5.1 bn | 24.7 | 34.7% | 4.1% | +7.2% | −10% / +158% |
| AUTO.LAutotrader Group PLC | 4.8 bn | 16.4 | 60.2% | 47.1% | +3.9% | −13% / −23% |
| BBY.LBalfour Beatty PLC | 4.2 bn | 16.3 | 23.2% | 2.8% | +15.2% | +20% / +160% |
| ABDN.LAberdeen Group PLC | 4.1 bn | 10.8 | 8.0% | 28.9% | −2.1% | +11% / +41% |
| BKG.LThe Berkeley Group Holdings PLC | 3.6 bn | 11.3 | 8.8% | 13.4% | −4.2% | −0% / −22% |
| BME.LB&M European Value Retail PLC | 2.9 bn | 17.4 | 21.2% | 2.8% | +3.7% | +68% / −51% |
| AJB.LAj Bell PLC | 2.4 bn | 22.8 | 49.9% | 33.1% | +18.0% | +8% / +128% |
| ASHM.LAshmore Group PLC | 1.4 bn | 13.9 | 13.1% | 71.6% | −0.1% | +28% / +18% |
| BCG.LBaltic Classifieds Group PLC | 1.2 bn | 23.2 | 15.8% | 57.6% | +6.9% | −99% / −99% |
| APN.LApplied Nutrition PLC | 763.6 m | 36.2 | 41.2% | 19.7% | +24.2% | +71% / unavailable |
| BAG.LA.G. Barr P.L.C. | 671.9 m | 14.4 | 14.4% | 10.8% | +4.0% | −7% / +26% |
| ASC.LAsos PLC | 494.5 m | — | -81.3% | -12.0% | −14.7% | +71% / +8% |
| ALFA.LAlfa Financial Software Holdings PLC | 486.8 m | 16.3 | 61.5% | 23.8% | +15.3% | −28% / +10% |
| AML.LAston Martin Lagonda Global Holdings PLC | 344.3 m | — | -93.4% | -39.2% | −20.6% | −45% / −85% |
| APTD.LAptitude Software Group PLC | 111.3 m | 28.5 | 7.2% | 6.2% | −7.3% | −30% / −23% |
| BMS.LBraemar PLC | 78.3 m | 39.2 | 2.7% | 1.7% | −4.4% | +13% / −11% |
| AMGO.LAmigo Holdings PLC | 9.9 m | — | — | — | −81.9% | +325% / +844% |
| ASBE.LAssociated British Engineering PLC | 605.3 k | — | -19.1% | — | unavailable | unavailable / unavailable |
| AMIF.LAmicorp Fs (uk) PLC | 221.6 k | 0.1 | 27.5% | 9.1% | +8.1% | unavailable / unavailable |
| AAF.LAirtel Africa PLC | — | — | 24.1% | 10.6% | +29.5% | −7% / +164% |
| AAL.LAnglo American PLC | — | — | -19.3% | -20.2% | +4.5% | +30% / +76% |
| ACG.LAcg Metals Limited | — | — | -80.3% | -32.0% | +134.8% | +60% / +63% |
1- and 3-year price returns: for NEO.L from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
NEO ENERGY METALS PLC is an exploration and development company for uranium and gold in South Africa, aiming to become a near-term producer using brownfield projects with existing infrastructure. It reports combined uranium and gold resources of 117 million pounds of uranium 1 and an in situ mineral value of 30.4 billion USD 1, but key approvals and funding remain conditional 1.
SWOT
Strengths
- The company holds existing mining infrastructure and permits for the Beisa project, which may reduce the time and cost to production 1.
- It presents itself as the only pure uranium player listed in London, which may give it visibility with specialist investors 1.
- Combined uranium and gold resources are independently assessed and their in situ value is significant relative to the company's size 1.
Weaknesses
- Cash is very limited and the company depends on new equity raises to continue operating 1.
- The company has no production yet, so operating revenue is absent in the period reviewed 1.
- The management team is small and the company intends to fill key positions in geology, mining engineering and metallurgy 1.
Opportunities
Threats
- Delays in transferring mining rights and in the Section 11 approval could significantly postpone the project timetable 1.
- Changes in mining policy or uranium regulation could affect operations and profitability 1.
- Volatility in capital markets and investor sentiment could make the necessary funding harder to obtain 1.
Risks
- Funding and dilutionhigh
The company must raise capital for exploration, development and acquisitions, and a funding shortfall could force dilutive share issues or delays 1.
- Transfer of mining rightshigh
Section 11 approval for the Beisa transaction is not expected for the next 12-18 months, and this timing could postpone production 1.
- Project executionmedium
Capital cost overruns or schedule slippage, including from contractors, could reduce project returns 1.
- Policy and regulation in South Africamedium
Political changes, uranium regulation and foreign exchange controls could affect activities and profitability 1.
- Security and compliancemedium
Security threats, illegal mining and health and safety non-compliance could cause production losses or penalties 1.
Investment thesis
What would need to be true (bull case)
- Independently assessed uranium and gold resources could provide a solid base if metal prices stay high 1.
- Existing infrastructure at Beisa could significantly reduce required capital and could speed up any start of production 1.
- If the conditional transactions close, the portfolio could include advanced assets that may help attract new investors 1.
What would break the thesis
- The company has very limited cash and depends on continued capital raising, which could lead to significant dilution 1.
- The project timetable depends on administrative approvals not expected soon, and further delays could weaken investor confidence 1.
- The in situ value of the resources depends on uranium and gold prices, and a fall in those prices could reduce perceived value significantly 1.
What to watch
- Completion of the conditional Beisa and Beatrix 4 acquisitions2026-2027
- Approval of the mining rights transfer and the Section 11 applicationnext 12-18 months
- Progress of Beisa redevelopment studies and Henkries development studies2027
- New equity or debt raises compared with funding needs up to 28 February 20272027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
NEO ENERGY METALS PLC has positioned itself as a developer of uranium and gold mines in the Northern Cape and Free State provinces of South Africa, according to its annual report for the year ended 30 September 2025 1. The strategy rests on three conditional agreements for the Beisa Uranium and Gold Mine, including the Beatrix 4 shaft complex, and the Henkries Uranium Project 1. Management argues this brownfield approach lowers capital needs because infrastructure and development work already exist 1.
Financially the company is at an early development stage: cash at the end of fiscal 2025 was only 19,065 GBP 1 and operational expenditure was 6,053,964 GBP 1. Capital raised in the same year was 6,049,857 GBP 1, and 2.5 million GBP has been secured to cover overheads and Henkries mining rights costs until 28 February 2027 1. The company relies on investment banks and brokers for future funding 1.
The board includes an Executive Chairman with experience in mining finance and a Chief Executive Officer appointed in May 2025, and the mining group Q Global Commodities is named as a cornerstone investor 1. The company states it is the only listed pure uranium exploration and mine development company on the London Stock Exchange 1.
Segments
Market context
The company describes the uranium market as growing, with rising demand and prices, and says record gold prices in 2025 have improved investor appetite for miners exposed to these metals 1. The value of resources depends directly on current uranium and gold prices, and developers in this sector are sensitive to investor sentiment and macroeconomic conditions 1.
For a company at this stage, access to capital is the decisive factor: its valuation and ability to raise funds depend on metal prices and the appetite of capital markets in London and Johannesburg 1. If these conditions change, financing could become more costly or harder to obtain 1.
Trends
- Strong uranium demand and gold pricestailwind
Management points to rising demand for uranium and high gold prices in 2025, which have lifted investor appetite for developers 1. If these prices hold, they could support project financing and value 1.
- Reliance on capital marketsheadwind
The company depends on London and South African capital markets for new equity and debt, and investor sentiment can quickly affect funding availability 1. Limited cash could force dilutive share issues 1.
- South African mining regulationmixed
Mining policy, licensing and uranium rules may evolve, and Section 11 and Section 102 approvals depend on the Department of Mineral Resources 1. A stable framework could support the projects, but policy changes could delay the timetable 1.
- Brownfield developmenttailwind
Developing on existing infrastructure could reduce capital spending and speed up production compared with greenfield projects 1. This approach depends on completing the transactions and technical studies 1.
Competitive position
The company acknowledges competition from other organisations, some with greater resources or a more established presence in a given territory 1. In South African uranium and gold, its stated advantage is existing infrastructure at the Beisa and Beatrix 4 mines 1.
Competitors include companies listed in London, Johannesburg or New York, some with larger capitalisation and consolidated production 1. The company differentiates itself as the only pure uranium player listed in London and by its accelerated production plan 1.
- Sibanye-Stillwater LimitedSBSW
Seller of the Beatrix 4 assets and future key shareholder, listed in New York and Johannesburg with a large market capitalisation 1.
- Anglo American PLC
Major mining company that built earlier infrastructure in the same region, cited as a source of already-invested capital 1.
- Q Global Commodities
Private South African mining group, a cornerstone shareholder with metal extraction interests in Africa 1.
- Ionic Rare Earths Limited
ASX-listed company with rare earth interests in Uganda, mentioned in connection with an entity linked to a board member 1.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202504 Mar 2026
- Annual report 202409 Dec 2025
Sources
- [1] Annual report, fiscal year ended 2025-09-30 (ESEF) · SEC / NEO ENERGY METALS PLC · 30 Sept 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.