M3M

M3 MiningASX:M3M Stock Report

Market Cap

AU$7.2m

7D

-2.5%

1Y

n/a

Updated

25 Oct, 2021

Data

Company Financials
M3M fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

M3M Overview

M3 Mining Limited engages in exploration and evaluation of mineral resources.

Price History & Performance

Summary of all time highs, changes and price drops for M3 Mining
Historical stock prices
Current Share PriceAU$0.20
52 Week HighAU$0.17
52 Week LowAU$0.25
Beta0
1 Month Change2.63%
3 Month Changen/a
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-2.50%

Recent News & Updates

Shareholder Returns

M3MAU Metals and MiningAU Market
7D-2.5%-1.7%0.6%
1Yn/a10.8%21.3%

Return vs Industry: Insufficient data to determine how M3M performed against the Australian Metals and Mining industry.

Return vs Market: Insufficient data to determine how M3M performed against the Australian Market.

Price Volatility

Is M3M's price volatile compared to industry and market?
M3M volatility
M3M Beta0
Industry Beta0.97
Market Beta1

Stable Share Price: M3M is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: Insufficient data to determine M3M's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2020n/an/ahttps://m3mining.com.au

M3 Mining Limited engages in exploration and evaluation of mineral resources. The company primarily explores for copper and gold deposits. It holds 100% interests in the Edjudina project comprises six licenses located approximately 150 km north east of Kalgoorlie in the Eastern Goldfields, Western Australia; and the Victoria Bore project located in the Pilbara region of Western Australia.

M3 Mining Fundamentals Summary

How do M3 Mining's earnings and revenue compare to its market cap?
M3M fundamental statistics
Market CapAU$7.20m
Earnings (TTM)-AU$978.02k
Revenue (TTM)n/a

0x

P/S Ratio

-7.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
M3M income statement (TTM)
RevenueAU$0
Cost of RevenueAU$46.67k
Gross Profit-AU$46.67k
ExpensesAU$931.36k
Earnings-AU$978.02k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.026
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did M3M perform over the long term?

See historical performance and comparison

Valuation

Is M3 Mining undervalued compared to its fair value and its price relative to the market?

13.24x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate M3M's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate M3M's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: M3M is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: M3M 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 M3M's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: M3M is overvalued based on its PB Ratio (13.2x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is M3 Mining forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.5%

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 M3 Mining 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.


Past Performance

How has M3 Mining performed over the past 5 years?

23.6%

Historical Materials annual earnings growth


Earnings and Revenue History

Quality Earnings: M3M is currently unprofitable.

Growing Profit Margin: M3M is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if M3M's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare M3M's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: M3M 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: M3M has a negative Return on Equity (-179.79%), as it is currently unprofitable.


Financial Health

How is M3 Mining's financial position?


Financial Position Analysis

Short Term Liabilities: M3M's short term assets (A$2.0M) exceed its short term liabilities (A$1.4M).

Long Term Liabilities: M3M has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: M3M is debt free.

Reducing Debt: M3M has not had any debt for past 5 years.

Debt Coverage: M3M has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: M3M has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is M3 Mining current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate M3M's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate M3M'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 M3M's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if M3M'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 M3M'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?

0.9yrs

Average board tenure


CEO

M3 Mining has no CEO, or we have no data on them.


Board Members

Experienced Board: M3M's board of directors are not considered experienced ( 0.9 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: M3M insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: M3M only recently listed within the past 12 months.


Top Shareholders

Company Information

M3 Mining Limited's employee growth, exchange listings and data sources


Key Information

  • Name: M3 Mining Limited
  • Ticker: M3M
  • Exchange: ASX
  • Founded: 2020
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$7.200m
  • Shares outstanding: 36.93m
  • Website: https://m3mining.com.au

Location

  • M3 Mining Limited
  • 3 Ord Street
  • Level 1
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:59
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.