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MEC Resources

ASX:MMR
Snowflake Description

Imperfect balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MMR
ASX
A$2M
Market Cap
  1. Home
  2. AU
  3. Energy
Company description

MEC Resources Limited, through its interest in Advent Energy Ltd, operates as an oil and gas exploration and development company in Australia. The last earnings update was 142 days ago. More info.


Add to Portfolio Compare Print
  • MEC Resources has significant price volatility in the past 3 months.
MMR Share Price and Events
7 Day Returns
0%
ASX:MMR
0.1%
AU Oil and Gas
-0.1%
AU Market
1 Year Returns
-66.7%
ASX:MMR
-7.6%
AU Oil and Gas
5.2%
AU Market
MMR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MEC Resources (MMR) 0% 0% -28.6% -66.7% -86.5% -88.1%
AU Oil and Gas 0.1% 2% -4.2% -7.6% 21.7% -33.3%
AU Market -0.1% 2.4% 6.5% 5.2% 19.8% 11.8%
1 Year Return vs Industry and Market
  • MMR underperformed the Oil and Gas industry which returned -7.6% over the past year.
  • MMR underperformed the Market in Australia which returned 5.2% over the past year.
Price Volatility
MMR
Industry
5yr Volatility vs Market

Value

 Is MEC Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for MEC Resources. This is due to cash flow or dividend data being unavailable. The share price is A$0.005.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for MEC Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MEC Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:MMR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.03
ASX:MMR Share Price ** ASX (2019-07-12) in AUD A$0.01
Australia Oil and Gas Industry PE Ratio Median Figure of 23 Publicly-Listed Oil and Gas Companies 7.38x
Australia Market PE Ratio Median Figure of 546 Publicly-Listed Companies 16.19x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of MEC Resources.

ASX:MMR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:MMR Share Price ÷ EPS (both in AUD)

= 0.01 ÷ -0.03

-0.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MEC Resources is loss making, we can't compare its value to the AU Oil and Gas industry average.
  • MEC Resources is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does MEC Resources's expected growth come at a high price?
Raw Data
ASX:MMR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Oil and Gas Industry PEG Ratio Median Figure of 17 Publicly-Listed Oil and Gas Companies -0x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for MEC Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on MEC Resources's assets?
Raw Data
ASX:MMR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.02
ASX:MMR Share Price * ASX (2019-07-12) in AUD A$0.01
Australia Oil and Gas Industry PB Ratio Median Figure of 145 Publicly-Listed Oil and Gas Companies 1.22x
Australia Market PB Ratio Median Figure of 1,693 Publicly-Listed Companies 1.68x
ASX:MMR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:MMR Share Price ÷ Book Value per Share (both in AUD)

= 0.01 ÷ 0.02

0.21x

* Primary Listing of MEC Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MEC Resources is good value based on assets compared to the AU Oil and Gas industry average.
X
Value checks
We assess MEC Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. MEC Resources has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is MEC Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 MEC Resources 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MEC Resources expected to grow at an attractive rate?
  • Unable to compare MEC Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare MEC Resources's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare MEC Resources's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:MMR Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 4%
Australia Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7.3%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:MMR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:MMR Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 -1 -10
2018-09-30 0 -1 -10
2018-06-30 0 -1 -10
2018-03-31 0 -1 -5
2017-12-31 0 -1 -1
2017-09-30 0 -1 -1
2017-06-30 0 -1 -1
2017-03-31 0 -1 -1
2016-12-31 0 -1 -1
2016-09-30 0 -1 -1
2016-06-30 0 -1 -1
2016-03-31 0 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if MEC Resources is high growth as no earnings estimate data is available.
  • Unable to determine if MEC Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:MMR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from MEC Resources Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MMR Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.03
2018-09-30 -0.04
2018-06-30 -0.04
2018-03-31 -0.02
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if MEC Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. MEC Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  2. MEC Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess MEC Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
MEC Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has MEC Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare MEC Resources's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • MEC Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare MEC Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare MEC Resources's 1-year growth to the AU Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
MEC Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from MEC Resources Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MMR Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.10 -10.16 20.44
2018-09-30 0.09 -9.99 20.18
2018-06-30 0.09 -9.83 19.91
2018-03-31 0.09 -5.33 10.47
2017-12-31 0.09 -0.83 1.02
2017-09-30 0.08 -0.87 1.00
2017-06-30 0.06 -0.90 0.99
2017-03-31 0.04 -0.91 1.05
2016-12-31 0.02 -0.92 1.11
2016-09-30 0.02 -0.97 1.18
2016-06-30 0.02 -1.03 1.25
2016-03-31 0.03 -1.02 1.21
2015-12-31 0.03 -1.00 1.18
2015-09-30 0.03 -1.39 1.28
2015-06-30 0.03 -1.77 1.38
2015-03-31 0.03 -1.88 1.49
2014-12-31 0.04 -2.00 1.59
2014-09-30 0.05 -1.68 1.62
2014-06-30 0.06 -1.37 1.64
2014-03-31 0.08 -1.79 2.12
2013-12-31 0.10 -2.21 2.60
2013-09-30 0.13 -2.13 2.76
2013-06-30 0.16 -2.05 2.92
2013-03-31 0.20 -1.64 2.57
2012-12-31 0.24 -1.24 2.22
2012-09-30 0.31 -5.21 2.01

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if MEC Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if MEC Resources has efficiently used its assets last year compared to the AU Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if MEC Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess MEC Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
MEC Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is MEC Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up MEC Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MEC Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • MEC Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of MEC Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from MEC Resources Company Filings, last reported 6 months ago.

ASX:MMR Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 10.02 0.79 0.47
2018-09-30 10.02 0.79 0.47
2018-06-30 10.55 0.81 0.98
2018-03-31 10.55 0.81 0.98
2017-12-31 28.70 0.81 0.59
2017-09-30 28.70 0.81 0.59
2017-06-30 28.46 0.81 0.60
2017-03-31 28.46 0.81 0.60
2016-12-31 28.37 0.81 0.44
2016-09-30 28.37 0.81 0.44
2016-06-30 28.85 0.81 0.88
2016-03-31 28.85 0.81 0.88
2015-12-31 28.83 0.76 0.77
2015-09-30 28.83 0.76 0.77
2015-06-30 29.50 0.70 1.27
2015-03-31 29.50 0.70 1.27
2014-12-31 29.45 0.66 1.05
2014-09-30 29.45 0.66 1.05
2014-06-30 31.80 0.59 1.62
2014-03-31 31.80 0.59 1.62
2013-12-31 32.78 0.54 2.29
2013-09-30 32.78 0.54 2.29
2013-06-30 33.69 0.47 4.21
2013-03-31 33.69 0.47 4.21
2012-12-31 36.05 0.50 5.39
2012-09-30 36.05 0.50 5.39
  • MEC Resources's level of debt (7.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.6% vs 7.9% today).
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.

  • MEC Resources has less than a year of cash runway based on current free cash flow.
  • MEC Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 4.4% each year.
X
Financial health checks
We assess MEC Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. MEC Resources has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from MEC Resources dividends.
If you bought A$2,000 of MEC Resources shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate MEC Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate MEC Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:MMR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 4.9%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as MEC Resources has not reported any payouts.
  • Unable to verify if MEC Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of MEC Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as MEC Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess MEC Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can MEC Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MEC Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of MEC Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • MEC Resources has no CEO, or we have no data on them.
Management Team

Hock Goh

TITLE
Consultant
COMPENSATION
A$2
AGE
64
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the MEC Resources board of directors in years:

1
Average Tenure
57
Average Age
  • The average tenure for the MEC Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mike Sandy

TITLE
Non-Executive Chairman
AGE
66
TENURE
1 yrs

Guiming Ding

TITLE
Chairman of Advisory Panel

Tom Fontaine

TITLE
Member of Advisory Panel
AGE
54

Fred Kroh

TITLE
Member of Advisory Panel

Jim Dirstein

TITLE
Member of Advisory Panel

Matthew Battrick

TITLE
Non-Executive Director
AGE
59
TENURE
1 yrs

Andrew Bald

TITLE
Non-Executive Director
AGE
55
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
18. Nov 18 Sell Trandcorp Pty Limited Company 10. Aug 18 10. Aug 18 -4,437,953 A$0.02 A$-79,883
18. Nov 18 Sell David Breeze Individual 09. Aug 18 10. Aug 18 -5,615,040 A$0.02 A$-97,982
18. Nov 18 Buy David Breeze Individual 09. Aug 18 09. Aug 18 2,254,000 A$0.01 A$29,299
18. Nov 18 Sell Grandbridge Limited Company 09. Aug 18 09. Aug 18 -2,254,000 A$0.01 A$-29,299
X
Management checks
We assess MEC Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. MEC Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

The MEC Resources (ASX:MMR) Share Price Is Down 90% So Some Shareholders Are Rather Upset

But since the share price has dived -37% per year, over 5 years, it looks like some investors think it's time to abandon ship, so to speak. … We'd be remiss not to mention the difference between MEC Resources's total shareholder return (TSR) and its share price return. … We note that MEC Resources's TSR, at -87% is higher than its share price return of -90%.

Simply Wall St -

Did MEC Resources Limited (ASX:MMR) Insiders Sell Shares?

So we'll take a look at whether insiders have been buying or selling shares in MEC Resources Limited (ASX:MMR). … MEC Resources Insider Transactions Over The Last Year. … We generally don't like to see insider selling, but the lower the sale price, the more it concerns us.

Simply Wall St -

Can We See Significant Insider Ownership On The MEC Resources Limited (ASX:MMR) Share Register?

The big shareholder groups in MEC Resources Limited (ASX:MMR) have power over the company. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … With a market capitalization of AU$2.7m, MEC Resources is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

MEC Resources Limited (ASX:MMR): What Does It Mean For Your Portfolio?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

How Financially Strong Is MEC Resources Limited (ASX:MMR)?

While small-cap stocks, such as MEC Resources Limited (ASX:MMR) with its market cap of AU$4.62m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

What You Must Know About MEC Resources Limited's (ASX:MMR) Financial Strength

At this constant level of debt, MMR's cash and short-term investments stands at AU$600.60K , ready to deploy into the business. … Moving onto cash from operations, its operating cash flow is not yet significant enough to calculate a meaningful cash-to-debt ratio, indicating that operational efficiency is something we’d need to take a look at. … MMR's risk around capital structure is almost non-existent, and the company has the headroom and ability to raise debt should it need to in the future.Next Steps: Although MMR’s debt level is relatively low, its cash flow levels still could not copiously cover its borrowings.

Simply Wall St -

Should You Be Holding MEC Resources Limited (ASX:MMR) Right Now?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … MEC Resources has a beta of 2.03, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … How MMR's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

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Has MEC Resources Limited (ASX:MMR) Improved Earnings Growth In Recent Times?

After looking at MEC Resources Limited's (ASX:MMR) latest earnings announcement (31 December 2017), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … See our latest analysis for MEC Resources Did MMR beat its long-term earnings growth trend and its industry? … For the purpose of this commentary, I like to use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data.

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Who Are The Major Shareholders In MEC Resources Limited (ASX:MMR)?

Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: With a low level of institutional ownership, investors in MMR need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

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What does MEC Resources Limited's (ASX:MMR) Balance Sheet Tell Us About Its Future?

How does MMR’s operating cash flow stack up against its debt? … At this current level of debt, MMR's cash and short-term investments stands at AU$600.60K for investing into the business. … MMR's risk around capital structure is almost non-existent, and the company has the headroom and ability to raise debt should it need to in the future.Next Steps: MMR’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

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Company Info

Description

MEC Resources Limited, through its interest in Advent Energy Ltd, operates as an oil and gas exploration and development company in Australia. It holds 100% interests in the EP386 and RL1 assets located in the onshore Bonaparte basin in the north of Western Australia and Northern Territory; and an 85% interest in the PEP11 asset located in the offshore Sydney basin. The company is based in West Perth, Australia.

Details
Name: MEC Resources Limited
MMR
Exchange: ASX
Founded:
A$2,072,891
414,578,376
Website: http://www.mecresources.com.au
Address: MEC Resources Limited
1111 Hay Street,
Suite 2,
West Perth,
Western Australia, 6005,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MMR Ordinary Shares Australian Securities Exchange AU AUD 29. May 2006
CHIA MMR Ordinary Shares Chi-X Australia AU AUD 29. May 2006
Number of employees
Current staff
Staff numbers
0
MEC Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 10:33
End of day share price update: 2019/07/12 00:00
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.