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MHC

ManhattanASX:MHC Stock Report

Market Cap

AU$18.3m

7D

9.1%

1Y

-55.6%

Updated

18 Oct, 2021

Data

Company Financials
MHC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

MHC Overview

Manhattan Corporation Limited explores for, evaluates, and develops mineral projects in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Manhattan
Historical stock prices
Current Share PriceAU$0.012
52 Week HighAU$0.008
52 Week LowAU$0.034
Beta2.01
1 Month Change-20.00%
3 Month Change-7.69%
1 Year Change-55.56%
3 Year Change71.43%
5 Year Change-63.64%
Change since IPO-97.91%

Recent News & Updates

Shareholder Returns

MHCAU Oil and GasAU Market
7D9.1%0.5%0.9%
1Y-55.6%48.9%20.2%

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

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

Price Volatility

Is MHC's price volatile compared to industry and market?
MHC volatility
MHC Beta2.01
Industry Beta1.28
Market Beta1

Stable Share Price: MHC is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 17% a week.

Volatility Over Time: MHC's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2006n/aKell Nielsenhttps://manhattcorp.com.au

Manhattan Corporation Limited explores for, evaluates, and develops mineral projects in Australia. The company explores for uranium and gold. It holds 100% interests in the Ponton uranium project that covers an area of approximately 460 square kilometers of exploration tenements underlain by tertiary palaeochannels within the Gunbarrel Basin, Western Australia; and the Tibooburra gold project comprises of 15 granted exploration licenses covering an area of 2,200 square kilometers located in north western New South Wales.

Manhattan Fundamentals Summary

How do Manhattan's earnings and revenue compare to its market cap?
MHC fundamental statistics
Market CapAU$18.32m
Earnings (TTM)-AU$599.02k
Revenue (TTM)n/a

0x

P/S Ratio

-30.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MHC income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$599.02k
Earnings-AU$599.02k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.00039
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did MHC perform over the long term?

See historical performance and comparison

Valuation

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

2.28x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: MHC 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 MHC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MHC is good value based on its PB Ratio (2.3x) compared to the AU Oil and Gas industry average (2.5x).


Future Growth

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

7.8%

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 Manhattan 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 Manhattan performed over the past 5 years?

11.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MHC is currently unprofitable.

Growing Profit Margin: MHC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MHC is unprofitable, but has reduced losses over the past 5 years at a rate of 11.5% per year.

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

Earnings vs Industry: MHC 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: MHC has a negative Return on Equity (-7.45%), as it is currently unprofitable.


Financial Health

How is Manhattan's financial position?


Financial Position Analysis

Short Term Liabilities: MHC's short term assets (A$4.5M) exceed its short term liabilities (A$80.5K).

Long Term Liabilities: MHC has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: MHC is debt free.

Reducing Debt: MHC has not had any debt for 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: MHC has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MHC has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 30.1% each year.


Dividend

What is Manhattan current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate MHC'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 MHC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MHC'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 MHC'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?

4.1yrs

Average management tenure


CEO

Kell Nielsen

1.5yrs

Tenure

AU$200,000

Compensation

Mr. Kell Ivar Nielsen, BSc(Geol), MSc(MinEcon), MAusimm, is Chief Executive Officer at Manhattan Corporation Limited since April 23, 2020. Mr. Nielsen served as the Managing Director of Voyager Resources L...


Leadership Team

Experienced Management: MHC's management team is considered experienced (4.1 years average tenure).


Board Members

Experienced Board: MHC's board of directors are considered experienced (3.2 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.1%.


Top Shareholders

Company Information

Manhattan Corporation Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Manhattan Corporation Limited
  • Ticker: MHC
  • Exchange: ASX
  • Founded: 2006
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: AU$18.315m
  • Shares outstanding: 1.53b
  • Website: https://manhattcorp.com.au

Location

  • Manhattan Corporation Limited
  • 33 Colin Street
  • Level 2
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 15:30
End of Day Share Price2021/10/18 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.