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MCM

MC MiningASX:MCM Stock Report

Market Cap

AU$19.3m

7D

0%

1Y

13.6%

Updated

16 Oct, 2021

Data

Company Financials
MCM fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

MCM Overview

MC Mining Limited, together with its subsidiaries, acquires, explores, develops, and operates metallurgical and thermal coal projects in South Africa.

MC Mining Competitors

Price History & Performance

Summary of all time highs, changes and price drops for MC Mining
Historical stock prices
Current Share PriceAU$0.13
52 Week HighAU$0.10
52 Week LowAU$0.24
Beta1.1
1 Month Change4.17%
3 Month Changen/a
1 Year Change13.64%
3 Year Change-64.29%
5 Year Change-89.58%
Change since IPO-99.94%

Recent News & Updates

Mar 17
Does MC Mining (ASX:MCM) Have A Healthy Balance Sheet?

Does MC Mining (ASX:MCM) Have A Healthy Balance Sheet?

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

Shareholder Returns

MCMAU Oil and GasAU Market
7D0%0.5%0.9%
1Y13.6%48.9%20.2%

Return vs Industry: MCM underperformed the Australian Oil and Gas industry which returned 48.9% over the past year.

Return vs Market: MCM underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is MCM's price volatile compared to industry and market?
MCM volatility
MCM Beta1.1
Industry Beta1.28
Market Beta1

Stable Share Price: MCM is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 22% a week.

Volatility Over Time: MCM's weekly volatility (22%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1979n/aSam Randazzohttps://www.mcmining.co.za

MC Mining Limited, together with its subsidiaries, acquires, explores, develops, and operates metallurgical and thermal coal projects in South Africa. The company’s principal projects include the Uitkomst Colliery, a metallurgical and thermal coal project located in the KwaZulu Natal province; the Makhado hard coking and thermal coal project situated in the Soutpansberg coalfield in the Limpopo province; and the Vele Colliery, a semi-soft coking and thermal coal mine located to the west of Musina in the Limpopo province. Its principal projects also comprise three coking and thermal coal projects, including Chapudi, Generaal, and Mopane located in Limpopo province.

MC Mining Fundamentals Summary

How do MC Mining's earnings and revenue compare to its market cap?
MCM fundamental statistics
Market CapUS$14.33m
Earnings (TTM)-US$11.74m
Revenue (TTM)US$20.70m

0.7x

P/S Ratio

-1.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MCM income statement (TTM)
RevenueUS$20.70m
Cost of RevenueUS$20.30m
Gross ProfitUS$400.00k
ExpensesUS$12.14m
Earnings-US$11.74m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.076
Gross Margin1.93%
Net Profit Margin-56.73%
Debt/Equity Ratio23.0%

How did MCM perform over the long term?

See historical performance and comparison

Valuation

Is MC Mining undervalued compared to its fair value and its price relative to the market?

0.13x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MCM's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MCM's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MCM is unprofitable, so we can't compare its PE Ratio to the Australian Oil and Gas industry average.

PE vs Market: MCM is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MCM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MCM is good value based on its PB Ratio (0.1x) compared to the AU Oil and Gas industry average (2.5x).


Future Growth

How is MC Mining forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.4%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as MC Mining has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has MC Mining performed over the past 5 years?

18.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MCM is currently unprofitable.

Growing Profit Margin: MCM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MCM is unprofitable, but has reduced losses over the past 5 years at a rate of 18% per year.

Accelerating Growth: Unable to compare MCM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MCM is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-50.5%).


Return on Equity

High ROE: MCM has a negative Return on Equity (-11.11%), as it is currently unprofitable.


Financial Health

How is MC Mining's financial position?


Financial Position Analysis

Short Term Liabilities: MCM's short term assets ($7.5M) do not cover its short term liabilities ($35.1M).

Long Term Liabilities: MCM's short term assets ($7.5M) do not cover its long term liabilities ($13.2M).


Debt to Equity History and Analysis

Debt Level: MCM's debt to equity ratio (23%) is considered satisfactory.

Reducing Debt: MCM's debt to equity ratio has increased from 11% to 23% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MCM has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MCM has less than a year of cash runway if free cash flow continues to grow at historical rates of 15.8% each year.


Dividend

What is MC Mining current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MCM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MCM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MCM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MCM's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MCM's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average board tenure


CEO

Sam Randazzo (66 yo)

0.67

Tenure

US$291,628

Compensation

Mr. Sebastiano Randazzo, also known as Sam, BBus., CA, Ftia served as Non- Executive Director at Bardoc Gold Limited (formerly known as Spitfire Materials Limited) since 2018 until 2019. He served as the E...


CEO Compensation Analysis

Compensation vs Market: Sam's total compensation ($USD291.63K) is about average for companies of similar size in the Australian market ($USD302.45K).

Compensation vs Earnings: Sam's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: MCM's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

MC Mining Limited's employee growth, exchange listings and data sources


Key Information

  • Name: MC Mining Limited
  • Ticker: MCM
  • Exchange: ASX
  • Founded: 1979
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: AU$19.302m
  • Shares outstanding: 154.42m
  • Website: https://www.mcmining.co.za

Location

  • MC Mining Limited
  • 7 The Esplanade
  • Suite 8
  • Mount Pleasant
  • Western Australia
  • 6000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 07:03
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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 here.