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MAG

Magmatic ResourcesASX:MAG Stock Report

Market Cap

AU$24.4m

7D

-8.6%

1Y

-53.2%

Updated

22 Oct, 2021

Data

Company Financials
MAG fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

MAG Overview

Magmatic Resources Limited engages in the development and exploration of mineral properties in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Magmatic Resources
Historical stock prices
Current Share PriceAU$0.096
52 Week HighAU$0.087
52 Week LowAU$0.26
Beta1.33
1 Month Change-3.03%
3 Month Change-33.79%
1 Year Change-53.17%
3 Year Change269.23%
5 Year Changen/a
Change since IPO-52.00%

Recent News & Updates

Shareholder Returns

MAGAU Metals and MiningAU Market
7D-8.6%-0.3%0.7%
1Y-53.2%12.5%21.4%

Return vs Industry: MAG underperformed the Australian Metals and Mining industry which returned 12.5% over the past year.

Return vs Market: MAG underperformed the Australian Market which returned 21.4% over the past year.

Price Volatility

Is MAG's price volatile compared to industry and market?
MAG volatility
MAG Beta1.33
Industry Beta0.97
Market Beta1

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

Volatility Over Time: MAG's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2016n/aPeter Duerdenhttps://magmaticresources.com

Magmatic Resources Limited engages in the development and exploration of mineral properties in Australia. It focuses on gold, copper, nickel, and base metal deposits. The company holds a 100% interest in the Myall, the Parkes, and the Wellington North projects located in the East Lachlan, New South Wales.

Magmatic Resources Fundamentals Summary

How do Magmatic Resources's earnings and revenue compare to its market cap?
MAG fundamental statistics
Market CapAU$24.43m
Earnings (TTM)AU$1.19m
Revenue (TTM)AU$32.17k

20.6x

P/E Ratio

800.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MAG income statement (TTM)
RevenueAU$32.17k
Cost of RevenueAU$0
Gross ProfitAU$32.17k
Expenses-AU$1.16m
EarningsAU$1.19m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0047
Gross Margin100.00%
Net Profit Margin3,693.15%
Debt/Equity Ratio0%

How did MAG perform over the long term?

See historical performance and comparison

Valuation

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

20.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: MAG is poor value based on its PE Ratio (20.6x) compared to the Australian Metals and Mining industry average (14.3x).

PE vs Market: MAG is poor value based on its PE Ratio (20.6x) compared to the Australian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MAG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MAG is overvalued based on its PB Ratio (3.2x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.07%

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 Magmatic 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.


Past Performance

How has Magmatic Resources performed over the past 5 years?

24.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAG has a high level of non-cash earnings.

Growing Profit Margin: MAG became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MAG has become profitable over the past 5 years, growing earnings by 24.8% per year.

Accelerating Growth: MAG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MAG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: MAG's Return on Equity (15.8%) is considered low.


Financial Health

How is Magmatic Resources's financial position?


Financial Position Analysis

Short Term Liabilities: MAG's short term assets (A$6.2M) exceed its short term liabilities (A$1.0M).

Long Term Liabilities: MAG's short term assets (A$6.2M) exceed its long term liabilities (A$29.3K).


Debt to Equity History and Analysis

Debt Level: MAG is debt free.

Reducing Debt: MAG currently has no debt however we can't compare to 5 years ago as we have no data for that period.

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

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


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

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

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

2.0yrs

Average management tenure


CEO

Peter Duerden

1.67yrs

Tenure

AU$562,581

Compensation

Mr. Peter Benjamin Duerden, BSc Hons (EconGeo), M (EconGeo), RPGeo has been Managing Director and Director of Magmatic Resources Limited since February 3, 2020. Mr. Duerden was the Chief Executive Officer...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD421.31K) is above average for companies of similar size in the Australian market ($USD303.33K).

Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MAG's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: MAG's board of directors are not considered experienced ( 1.7 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 diluted in the past year, with total shares outstanding growing by 47%.


Top Shareholders

Company Information

Magmatic Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Magmatic Resources Limited
  • Ticker: MAG
  • Exchange: ASX
  • Founded: 2016
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$24.431m
  • Shares outstanding: 254.49m
  • Website: https://magmaticresources.com

Location

  • Magmatic Resources Limited
  • 55 Hampden Road
  • Suite 7
  • Nedlands
  • Western Australia
  • 6009
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 07:05
End of Day Share Price2021/10/22 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.