ASX:MRV

Stock Analysis Report

Moreton Resources

Executive Summary

Moreton Resources Limited engages in the exploration and evaluation of coal and mineral properties in Australia.

Snowflake

Poor track record with worrying balance sheet.

Share Price & News

How has Moreton Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MRV's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

MRV

-1.1%

AU Oil and Gas

-1.0%

AU Market


1 Year Return

-57.1%

MRV

5.7%

AU Oil and Gas

16.2%

AU Market

Return vs Industry: MRV underperformed the Australian Oil and Gas industry which returned 5.7% over the past year.

Return vs Market: MRV underperformed the Australian Market which returned 16.2% over the past year.


Shareholder returns

MRVIndustryMarket
7 Day0%-1.1%-1.0%
30 Day-14.3%2.3%-0.2%
90 Day-57.1%4.7%2.2%
1 Year-57.1%-57.1%10.2%5.7%21.9%16.2%
3 Year-19.6%-25.0%17.5%5.3%36.3%17.7%
5 Year-19.6%-25.0%-6.3%-23.0%52.7%18.3%

Price Volatility Vs. Market

How volatile is Moreton Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

1.77x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: MRV is overvalued based on its PB Ratio (1.8x) compared to the AU Oil and Gas industry average (1.4x).


Next Steps

Future Growth

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

7.5%

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 Moreton 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Moreton Resources performed over the past 5 years?

-50.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MRV has high quality earnings.

Growing Profit Margin: MRV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MRV is unprofitable, and losses have increased over the past 5 years at a rate of -50.6% per year.

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

Earnings vs Industry: MRV is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (68.1%).


Return on Equity

High ROE: MRV has a negative Return on Equity (-499.68%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Moreton Resources's financial position?


Financial Position Analysis

Short Term Liabilities: MRV's short term assets (A$10.0M) do not cover its short term liabilities (A$26.1M)

Long Term Liabilities: MRV's short term assets (A$10.0M) exceeds its long term liabilities (3.8M)


Debt to Equity History and Analysis

Debt Level: MRV's debt to equity ratio (258.2%) is considered high.

Reducing Debt: Insufficient data to determine if MRV's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: MRV has a high level of physical assets or inventory.

Debt Coverage by Assets: MRV's debt is not covered by short term assets (assets are 0.7x debt).


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: MRV has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MRV has less than a year of cash runway if free cash flow continues to reduce at historical rates of -42.2% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.4%markettop25%5.6%industryaverage4.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if MRV'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 MRV's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

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

0.08yrs

Average board tenure


CEO

Phillip Bryant 0

0.6yrs

Tenure

AU$388,620

Compensation

Mr. Phillip Bryant BSc, M.AusIMM has been Managing Director of Moreton Resources Limited since April 29, 2019 and serves as its Chief Executive Officer since 2019. He was Chief Operating Officer of Moreton ...


CEO Compensation Analysis

Compensation vs Market: Phillip's total compensation ($USD264.35K) is about average for companies of similar size in the Australian market ($USD255.42K).

Compensation vs Earnings: Insufficient data to compare Phillip's compensation with company performance.


Board Age and Tenure

0.08yrs

Average Tenure

Experienced Board: MRV's board of directors are not considered experienced ( 0.1 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: MRV insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellAU$78,46828 Oct 19
Philip Feitelson
EntityIndividual
Shares34,131,647
Max PriceAU$0.003

Ownership Breakdown

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


Management Team

  • Kate O'Donohue

    Executive Officer

    • Tenure: 2.3yrs
  • Phillip Bryant

    MD, CEO & Director

    • Tenure: 0.6yrs
    • Compensation: AU$388.62k

Board Members

  • Brett Garland (60yo)

    Non Executive Chairman

    • Tenure: 0.08yrs
  • Phillip Bryant

    MD, CEO & Director

    • Tenure: 0.6yrs
    • Compensation: AU$388.62k
  • Tristan Garthe

    Non Executive Director

    • Tenure: 0.08yrs

Company Information

Moreton Resources Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Moreton Resources Limited
  • Ticker: MRV
  • Exchange: ASX
  • Founded: 1993
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: AU$9.389m
  • Shares outstanding: 3.13b
  • Website: https://www.moretonresources.com.au

Location

  • Moreton Resources Limited
  • 1/169 Kelvin Grove Road
  • Kelvin Grove
  • Brisbane
  • Queensland
  • 4059
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MRVASX (Australian Securities Exchange)YesOrdinary SharesAUAUDFeb 2007
MRVCHIA (Chi-X Australia)YesOrdinary SharesAUAUDFeb 2007

Biography

Moreton Resources Limited engages in the exploration and evaluation of coal and mineral properties in Australia. It explores for copper, silver, lead, zinc, and gold mineral deposits. The company holds int ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/21 10:32
End of Day Share Price2019/11/21 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.