ASX:MAR

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Malachite Resources

Executive Summary

Malachite Resources Limited, together with its subsidiaries, engages in the operation, exploration, and development of mineral deposits in Australia.


Snowflake Analysis

Overvalued with worrying balance sheet.


Similar Companies

Share Price & News

How has Malachite Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MAR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-8.7%

MAR

0.7%

AU Metals and Mining

5.0%

AU Market


1 Year Return

n/a

MAR

3.4%

AU Metals and Mining

-10.3%

AU Market

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

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


Shareholder returns

MARIndustryMarket
7 Day-8.7%0.7%5.0%
30 Day-58.0%12.1%8.8%
90 Dayn/a9.1%-9.9%
1 Yearn/a8.6%3.4%-6.6%-10.3%
3 Year-89.5%-89.5%59.8%39.1%11.1%-3.5%
5 Year-91.6%-91.6%99.9%62.0%28.9%1.1%

Price Volatility Vs. Market

How volatile is Malachite Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

0.89x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: MAR is good value based on its PB Ratio (0.9x) compared to the AU Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

4.5%

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 Malachite 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.


Next Steps

Past Performance

How has Malachite Resources performed over the past 5 years?

32.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAR is currently unprofitable.

Growing Profit Margin: MAR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MAR is unprofitable, but has reduced losses over the past 5 years at a rate of 32% per year.

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

Earnings vs Industry: MAR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-7.9%).


Return on Equity

High ROE: MAR has a negative Return on Equity (-220.91%), as it is currently unprofitable.


Next Steps

Financial Health

How is Malachite Resources's financial position?


Financial Position Analysis

Short Term Liabilities: MAR's short term assets (A$160.5K) do not cover its short term liabilities (A$6.9M).

Long Term Liabilities: MAR has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: MAR's debt to equity ratio (968.1%) is considered high.

Reducing Debt: MAR's debt to equity ratio has increased from 15.4% to 968.1% over the past 5 years.


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: MAR has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MAR has less than a year of cash runway if free cash flow continues to grow at historical rates of 4.6% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

6.8yrs

Average board tenure


CEO

Geoff Hiller (56yo)

9.17yrs

Tenure

AU$188,802

Compensation

Mr. Geoffrey R. Hiller, as known as Geoff, has been Chief Executive Officer of Malachite Resources Limited since March 21, 2011 and has been its Director since October 4, 2019. Mr. Hiller is a mining engin ...


CEO Compensation Analysis

Compensation vs Market: Geoff's total compensation ($USD125.69K) is below average for companies of similar size in the Australian market ($USD254.05K).

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


Board Members

NamePositionTenureCompensationOwnership
Geoffrey Hiller
CEO & Director9.17yrsAU$188.80k3.9% A$111.5k
Terry Cuthbertson
Independent Non-Executive Chairman6.83yrsAU$61.10k11.25% A$321.3k
James Dean
Non-Executive Director9.17yrsAU$39.42k8.04% A$229.6k

6.8yrs

Average Tenure

59yo

Average Age

Experienced Board: MAR's board of directors are considered experienced (6.8 years average tenure).


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 390.1%.


Top Shareholders

Company Information

Malachite Resources Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Malachite Resources Limited
  • Ticker: MAR
  • Exchange: ASX
  • Founded:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$2.857m
  • Shares outstanding: 68.02m
  • Website: https://www.malachite.com.au

Location

  • Malachite Resources Limited
  • 283 George Street
  • Level 4
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MARASX (Australian Securities Exchange)YesOrdinary SharesAUAUDNov 2002
MUWDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2002

Biography

Malachite Resources Limited, together with its subsidiaries, engages in the operation, exploration, and development of mineral deposits in Australia. Its principal property is the Lorena gold project located near Cloncurry in northwest Queensland. The company is based in Sydney, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/29 10:38
End of Day Share Price2020/05/27 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.