Magmatic Resources Limited engages in the development and exploration of mineral properties in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.096|
|52 Week High||AU$0.087|
|52 Week Low||AU$0.26|
|1 Month Change||-3.03%|
|3 Month Change||-33.79%|
|1 Year Change||-53.17%|
|3 Year Change||269.23%|
|5 Year Change||n/a|
|Change since IPO||-52.00%|
Recent News & Updates
|MAG||AU Metals and Mining||AU Market|
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.
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
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
|MAG fundamental statistics|
Is MAG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MAG income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.0047|
|Net Profit Margin||3,693.15%|
How did MAG perform over the long term?See historical performance and comparison
Is Magmatic Resources undervalued compared to its fair value and its price relative to the market?
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).
How is Magmatic Resources 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 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.
How has Magmatic Resources performed over the past 5 years?
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.
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$29.3K).
Debt to Equity History and Analysis
Debt Level: MAG is debt free.
Reducing Debt: MAG currently has no debt however we can't compare to 5 years ago as we have no data for that period.
Debt Coverage: MAG has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MAG has no debt, therefore coverage of interest payments is not a concern.
What is Magmatic Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MAG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MAG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MAG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MAG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MAG's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Peter Benjamin Duerden, BSc Hons (EconGeo), M (EconGeo), RPGeo has been Managing Director and Director of Magmatic Resources Limited since February 3, 2020. Mr. Duerden was the Chief Executive Officer...
CEO Compensation Analysis
Compensation vs Market: Peter's total compensation ($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.
Experienced Management: MAG's management team is considered experienced (2 years average tenure).
Experienced Board: MAG's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 47%.
Magmatic Resources Limited's employee growth, exchange listings and data sources
- 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
- Magmatic Resources Limited
- 55 Hampden Road
- Suite 7
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 07:05|
|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.