company background image
MAN

Mandrake ResourcesASX:MAN Stock Report

Market Cap

AU$29.1m

7D

-21.8%

1Y

13.0%

Updated

26 Oct, 2021

Data

Company Financials
MAN fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

MAN Overview

Mandrake Resources Limited engages in the exploration and evaluation of mineral resources.

Price History & Performance

Summary of all time highs, changes and price drops for Mandrake Resources
Historical stock prices
Current Share PriceAU$0.061
52 Week HighAU$0.05
52 Week LowAU$0.28
Beta2.43
1 Month Change12.96%
3 Month Change-24.69%
1 Year Change12.96%
3 Year Changen/a
5 Year Changen/a
Change since IPO-99.95%

Recent News & Updates

Sep 15
Mandrake Resources (ASX:MAN) Is In A Strong Position To Grow Its Business

Mandrake Resources (ASX:MAN) Is In A Strong Position To Grow Its Business

We can readily understand why investors are attracted to unprofitable companies. For example, although...

May 28
We're Not Worried About Mandrake Resources' (ASX:MAN) Cash Burn

We're Not Worried About Mandrake Resources' (ASX:MAN) Cash Burn

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, Mandrake Resources...

Shareholder Returns

MANAU Metals and MiningAU Market
7D-21.8%-0.4%0.8%
1Y13.0%15.6%24.4%

Return vs Industry: MAN underperformed the Australian Metals and Mining industry which returned 15.6% over the past year.

Return vs Market: MAN underperformed the Australian Market which returned 24.4% over the past year.

Price Volatility

Is MAN's price volatile compared to industry and market?
MAN volatility
MAN Beta2.43
Industry Beta0.97
Market Beta1

Stable Share Price: MAN is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: MAN's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1986n/aJames Allchurchhttps://www.mandrakeresources.com.au

Mandrake Resources Limited engages in the exploration and evaluation of mineral resources. It explores for gold, silver, nickel, platinum group elements, and copper deposits. The company’s principal property is the Jimperding project consisting of 140 square kilometers exploration license application situated in the north east of Perth, Western Australia.

Mandrake Resources Fundamentals Summary

How do Mandrake Resources's earnings and revenue compare to its market cap?
MAN fundamental statistics
Market CapAU$29.12m
Earnings (TTM)-AU$3.11m
Revenue (TTM)n/a

0x

P/S Ratio

-9.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MAN income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$3.11m
Earnings-AU$3.11m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0065
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did MAN perform over the long term?

See historical performance and comparison

Valuation

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

1.54x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: MAN is good value based on its PB Ratio (1.5x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Mandrake Resources 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 Mandrake 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 Mandrake Resources performed over the past 5 years?

-31.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAN is currently unprofitable.

Growing Profit Margin: MAN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MAN is unprofitable, and losses have increased over the past 5 years at a rate of 31.1% per year.

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

Earnings vs Industry: MAN 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: MAN has a negative Return on Equity (-16.46%), as it is currently unprofitable.


Financial Health

How is Mandrake Resources's financial position?


Financial Position Analysis

Short Term Liabilities: MAN's short term assets (A$16.3M) exceed its short term liabilities (A$367.6K).

Long Term Liabilities: MAN has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: MAN is debt free.

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


Balance Sheet


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: MAN has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: MAN has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 22% each year


Dividend

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


Dividend Yield vs Market

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

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

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

2.2yrs

Average board tenure


CEO

James Allchurch (44 yo)

2.17yrs

Tenure

AU$1,910,266

Compensation

Mr. James Peter Allchurch has been Independent Non-Executive Director of Winchester Energy Limited since April 1, 2020. He has been Managing Director of Mandrake Resources Limited since August 4, 2019 and...


CEO Compensation Analysis

Compensation vs Market: James's total compensation ($USD1.43M) is above average for companies of similar size in the Australian market ($USD301.38K).

Compensation vs Earnings: James's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: MAN's board of directors are not considered experienced ( 2.2 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 substantially diluted in the past year, with total shares outstanding growing by 52.9%.


Top Shareholders

Company Information

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


Key Information

  • Name: Mandrake Resources Limited
  • Ticker: MAN
  • Exchange: ASX
  • Founded: 1986
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$29.124m
  • Shares outstanding: 477.45m
  • Website: https://www.mandrakeresources.com.au

Location

  • Mandrake Resources Limited
  • 10 Outram 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 Analysis2021/10/26 16:23
End of Day Share Price2021/10/26 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.