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Metals Exploration plcAIM:MTL Stock Report

Market Cap UK£426.2m
Share Price
UK£0.14
UK£0.33
56.7% undervalued intrinsic discount
1Y78.8%
7D10.0%
1D
Portfolio Value
​
View

Metals Exploration plc

AIM:MTL Stock Report

Market Cap: UK£426.2m

Metals Exploration (MTL) Stock Overview

Metals Exploration plc identifies, acquires, explores for, and develops mining and processing properties in the United Kingdom and the Philippines. More details

MTL fundamental analysis
Snowflake Score
Valuation4/6
Future Growth6/6
Past Performance0/6
Financial Health4/6
Dividends0/6

Rewards

Trading at 64.2% below our estimate of its fair value

Earnings are forecast to grow 101.78% per year

Risk Analysis

Latest financial reports are more than 6 months old


MTL Community Fair Values

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See what 26 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Metals Exploration plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for Metals Exploration
Historical stock prices
Current Share PriceUK£0.14
52 Week HighUK£0.19
52 Week LowUK£0.076
Beta1.21
1 Month Change-7.14%
3 Month Change-3.05%
1 Year Change78.75%
3 Year Change717.14%
5 Year Change508.51%
Change since IPO281.33%

Recent News & Updates

Recent updates

Analysis Article • Jun 17

Metals Exploration plc's (LON:MTL) Shares Climb 26% But Its Business Is Yet to Catch Up

Metals Exploration plc ( LON:MTL ) shares have continued their recent momentum with a 26% gain in the last month alone...
Analysis Article • Jan 30

We Ran A Stock Scan For Earnings Growth And Metals Exploration (LON:MTL) Passed With Ease

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • Nov 02

Further Upside For Metals Exploration plc (LON:MTL) Shares Could Introduce Price Risks After 27% Bounce

Metals Exploration plc ( LON:MTL ) shares have continued their recent momentum with a 27% gain in the last month alone...
Analysis Article • Sep 30

Why Metals Exploration's (LON:MTL) Earnings Are Weaker Than They Seem

Even though Metals Exploration plc ( LON:MTL ) posted strong earnings recently, the stock hasn't reacted in a large...
Analysis Article • Sep 17

Metals Exploration plc (LON:MTL) Stock Catapults 28% Though Its Price And Business Still Lag The Industry

Metals Exploration plc ( LON:MTL ) shareholders have had their patience rewarded with a 28% share price jump in the...
Analysis Article • Aug 28

Is Now The Time To Put Metals Exploration (LON:MTL) On Your Watchlist?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • Aug 02

Metals Exploration plc's (LON:MTL) Low P/S No Reason For Excitement

Metals Exploration plc's ( LON:MTL ) price-to-sales (or "P/S") ratio of 0.7x might make it look like a buy right now...
Analysis Article • Mar 21

Metals Exploration plc's (LON:MTL) Share Price Boosted 39% But Its Business Prospects Need A Lift Too

Metals Exploration plc ( LON:MTL ) shareholders have had their patience rewarded with a 39% share price jump in the...
Analysis Article • Jan 20

Metals Exploration plc's (LON:MTL) Price Is Right But Growth Is Lacking

When close to half the companies operating in the Metals and Mining industry in the United Kingdom have price-to-sales...
Analysis Article • Aug 31

Under The Bonnet, Metals Exploration's (LON:MTL) Returns Look Impressive

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
Analysis Article • May 27

Under The Bonnet, Metals Exploration's (LON:MTL) Returns Look Impressive

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Jan 05

Returns On Capital Are A Standout For Metals Exploration (LON:MTL)

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...
Analysis Article • Oct 07

Is Metals Exploration (LON:MTL) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Jun 16

Is Metals Exploration (LON:MTL) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Apr 29

Why We Like The Returns At Metals Exploration (LON:MTL)

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...
Analysis Article • Nov 28

Why We Like The Returns At Metals Exploration (LON:MTL)

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • Oct 23

We Think Metals Exploration (LON:MTL) Is Taking Some Risk With Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Jul 21

Metals Exploration (LON:MTL) Could Become A Multi-Bagger

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...
Analysis Article • May 23

A Piece Of The Puzzle Missing From Metals Exploration plc's (LON:MTL) 49% Share Price Climb

Metals Exploration plc ( LON:MTL ) shareholders would be excited to see that the share price has had a great month...
Analysis Article • Jan 25

We're Not So Sure You Should Rely on Metals Exploration's (LON:MTL) Statutory Earnings

Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...

Shareholder Returns

MTLGB Metals and MiningGB Market
7D10.0%-5.8%0.3%
1Y78.8%87.5%18.8%

Return vs Industry: MTL underperformed the UK Metals and Mining industry which returned 83.6% over the past year.

Return vs Market: MTL exceeded the UK Market which returned 18% over the past year.

Price Volatility

Is MTL's price volatile compared to industry and market?
MTL volatility
MTL Average Weekly Movement7.9%
Metals and Mining Industry Average Movement9.2%
Market Average Movement5.7%
10% most volatile stocks in GB Market11.9%
10% least volatile stocks in GB Market3.1%

Stable Share Price: MTL has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: MTL's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004859Darren Bowdenwww.metalsexploration.com

Metals Exploration plc identifies, acquires, explores for, and develops mining and processing properties in the United Kingdom and the Philippines. The company primarily explores for gold, and precious and base metals. Its flagship property owns 100% interest in the Runruno gold project located north of Manila.

Metals Exploration plc Fundamentals Summary

How do Metals Exploration's earnings and revenue compare to its market cap?
MTL fundamental statistics
Market capUK£426.15m
Earnings (TTM)-UK£12.19m
Revenue (TTM)UK£163.00m
2.6x
P/S Ratio
-34.9x
P/E Ratio

Is MTL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MTL income statement (TTM)
RevenueUS$219.01m
Cost of RevenueUS$140.82m
Gross ProfitUS$78.19m
Other ExpensesUS$94.58m
Earnings-US$16.39m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)-0.0055
Gross Margin35.70%
Net Profit Margin-7.48%
Debt/Equity Ratio0%

How did MTL perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/21 15:14
End of Day Share Price 2026/05/21 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Metals Exploration plc is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jonathan GuyHannam & Partners (Advisory) LLP
Duncan HayPanmure Liberum