Manhattan Corporation Limited explores for, evaluates, and develops mineral projects in Australia.
+ 2 more risks
Adequate balance sheet with weak fundamentals.
Share Price & News
How has Manhattan's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MHC's share price has been volatile over the past 3 months.
7 Day Return
AU Oil and Gas
1 Year Return
AU Oil and Gas
Return vs Industry: MHC exceeded the Australian Oil and Gas industry which returned -14.1% over the past year.
Return vs Market: MHC exceeded the Australian Market which returned 10.9% over the past year.
Price Volatility Vs. Market
How volatile is Manhattan's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StHow Does Manhattan Corporation Limited (ASX:MHC) Affect Your Portfolio Returns?
1 year ago | Simply Wall StWhy Manhattan Corporation Limited's (ASX:MHC) Ownership Structure Is Important
1 year ago | Simply Wall StIs Manhattan Corporation Limited's (ASX:MHC) CEO Paid At A Competitive Rate?
Is Manhattan undervalued compared to its fair value and its price relative to the market?
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 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 overvalued based on its PB Ratio (4.4x) compared to the AU Oil and Gas industry average (1.1x).
How is Manhattan forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine Manhattan's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Manhattan competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
How has Manhattan performed over the past 5 years?
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, and losses have increased over the past 5 years at a rate of -22.5% 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 (-0.7%).
Return on Equity
High ROE: MHC has a negative Return on Equity (-142.21%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Manhattan's financial position?
Financial Position Analysis
Short Term Liabilities: MHC's short term assets (A$1.0M) exceed its short term liabilities (A$25.1K).
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.
Inventory Level: MHC has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if MHC's debt is covered by short term assets.
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MHC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Manhattan's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate MHC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MHC's dividend yield against the top 25% of dividend payers, as the company has not reported any 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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Manhattan has no CEO, or we have no data on them.
|Non Executive Director||10.6yrs||AU$24.00k||no data|
|Non-Executive Chairman||0yrs||AU$36.00k||0.39% A$21.4k|
|Non-Executive Director||0.08yrs||no data||no data|
|Non Executive Director||1.5yrs||AU$49.00k||1.62% A$90.0k|
Experienced Board: MHC's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 387.9%.
Manhattan Corporation Limited's company bio, employee growth, exchange listings and data sources
- Name: Manhattan Corporation Limited
- Ticker: MHC
- Exchange: ASX
- Industry: Coal and Consumable Fuels
- Sector: Energy
- Market Cap: AU$5.558m
- Shares outstanding: 926.28m
- Website: https://manhattancorp.com.au
- Manhattan Corporation Limited
- 33 Colin Street
- Level 2
- West Perth
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MHC||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jan 2008|
|32U||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 2008|
|MHTZ.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 2008|
|MHC||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jan 2008|
Manhattan Corporation Limited explores for, evaluates, and develops mineral projects in Australia. It primarily explores for uranium. The company holds an interest in the Ponton project that covers approximately 460km2 of exploration tenements underlain by tertiary palaeochannels within the Gunbarrel Basin, Western Australia. Manhattan Corporation Limited is based in West Perth, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 10:39|
|End of Day Share Price||2020/02/26 00:00|
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.