ASX:MHC

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

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.


Market Performance


7 Day Return

-14.3%

MHC

-5.5%

AU Oil and Gas

-3.6%

AU Market


1 Year Return

50.0%

MHC

-14.1%

AU Oil and Gas

10.9%

AU Market

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.


Shareholder returns

MHCIndustryMarket
7 Day-14.3%-5.5%-3.6%
30 Day-14.3%-13.5%-3.7%
90 Day20.0%-12.2%-0.2%
1 Year50.0%50.0%-10.8%-14.1%15.6%10.9%
3 Year-88.5%-88.5%9.0%-2.8%34.1%16.0%
5 Year-86.7%-86.7%-0.8%-17.5%44.9%12.6%

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

Valuation

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

4.39x

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).


Next Steps

Future Growth

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

14.8%

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.


Next Steps

Past Performance

How has Manhattan performed over the past 5 years?

-22.5%

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, 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


Next Steps

Financial Health

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.


Balance Sheet

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.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.4%markettop25%5.5%industryaverage4.3%forecastin3Yearsn/a

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.


Next Steps

Management

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

1.5yrs

Average board tenure


CEO

Manhattan has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
John Andrew Seton
Non Executive Director10.6yrsAU$24.00kno data
Marcello Cardaci
Non-Executive Chairman0yrsAU$36.00k0.39% A$21.4k
Jens Balkau
Non-Executive Director0.08yrsno datano data
Robert Perring
Non Executive Director1.5yrsAU$49.00k1.62% A$90.0k

1.5yrs

Average Tenure

Experienced Board: MHC's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


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 substantially diluted in the past year, with total shares outstanding growing by 387.9%.


Top Shareholders

Company Information

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


Key Information

  • Name: Manhattan Corporation Limited
  • Ticker: MHC
  • Exchange: ASX
  • Founded:
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: AU$5.558m
  • Shares outstanding: 926.28m
  • Website: https://manhattancorp.com.au

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MHCASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 2008
32UDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 2008
MHTZ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 2008
MHCCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 2008

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 10:39
End of Day Share Price2020/02/26 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.