Latrobe Magnesium Limited engages in developing a magnesium production plant for the extraction of magnesium metal from fly ash resource in Germany.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.031|
|52 Week High||AU$0.016|
|52 Week Low||AU$0.033|
|1 Month Change||29.17%|
|3 Month Change||82.35%|
|1 Year Change||24.00%|
|3 Year Change||287.50%|
|5 Year Change||24.00%|
|Change since IPO||-74.17%|
Recent News & Updates
Is Latrobe Magnesium (ASX:LMG) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
|LMG||AU Metals and Mining||AU Market|
Return vs Industry: LMG exceeded the Australian Metals and Mining industry which returned 12.5% over the past year.
Return vs Market: LMG exceeded the Australian Market which returned 21.4% over the past year.
Stable Share Price: LMG is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: LMG's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
Latrobe Magnesium Limited engages in developing a magnesium production plant for the extraction of magnesium metal from fly ash resource in Germany. It holds interests in the Latrobe magnesium project located in the Latrobe Valley in Victoria. The company was incorporated in 1986 and is based in Sydney, Australia.
Latrobe Magnesium Fundamentals Summary
|LMG fundamental statistics|
Is LMG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|LMG income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0018|
|Net Profit Margin||0.00%|
How did LMG perform over the long term?See historical performance and comparison
Is Latrobe Magnesium undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LMG (A$0.03) is trading below our estimate of fair value (A$0.63)
Significantly Below Fair Value: LMG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: LMG is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: LMG 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 LMG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LMG is overvalued based on its PB Ratio (24.2x) compared to the AU Metals and Mining industry average (2.6x).
How is Latrobe Magnesium forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials 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 Latrobe Magnesium 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.
How has Latrobe Magnesium performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LMG is currently unprofitable.
Growing Profit Margin: LMG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: LMG is unprofitable, and losses have increased over the past 5 years at a rate of 11% per year.
Accelerating Growth: Unable to compare LMG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LMG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).
Return on Equity
High ROE: LMG has a negative Return on Equity (-139.49%), as it is currently unprofitable.
How is Latrobe Magnesium's financial position?
Financial Position Analysis
Short Term Liabilities: LMG's short term assets (A$3.2M) exceed its short term liabilities (A$1.9M).
Long Term Liabilities: LMG's short term assets (A$3.2M) do not cover its long term liabilities (A$8.7M).
Debt to Equity History and Analysis
Debt Level: LMG is debt free.
Reducing Debt: LMG has no debt compared to 5 years ago when its debt to equity ratio was 5.4%.
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: Whilst unprofitable LMG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: LMG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 21.3% per year.
What is Latrobe Magnesium current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LMG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate LMG'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 LMG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LMG'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 LMG'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 management tenure
David Paterson (67 yo)
Mr. David Oliver Paterson serves as the Chief Executive Officer and Executive Director of Latrobe Magnesium Ltd. Mr. Paterson served as Managing Director of Latrobe Magnesium Ltd., from April 10, 2015 to 2...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD233.36K) is about average for companies of similar size in the Australian market ($USD303.33K).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Experienced Management: LMG's management team is seasoned and experienced (8.3 years average tenure).
Experienced Board: LMG's board of directors are seasoned and experienced ( 18.1 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Latrobe Magnesium Limited's employee growth, exchange listings and data sources
- Name: Latrobe Magnesium Limited
- Ticker: LMG
- Exchange: ASX
- Founded: 1986
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$40.801m
- Shares outstanding: 1.32b
- Website: https://www.latrobemagnesium.com
- Latrobe Magnesium Limited
- 16-20 Barrack Street
- Suite 307
- New South Wales
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 15:35|
|End of Day Share Price||2021/10/22 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.