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MAT

Matsa ResourcesASX:MAT Stock Report

Market Cap

AU$21.8m

7D

3.4%

1Y

-56.4%

Updated

20 Oct, 2021

Data

Company Financials
MAT fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

MAT Overview

Matsa Resources Limited engages in the exploration and development of mineral properties in Western Australia and Thailand.

Price History & Performance

Summary of all time highs, changes and price drops for Matsa Resources
Historical stock prices
Current Share PriceAU$0.061
52 Week HighAU$0.051
52 Week LowAU$0.14
Beta0.36
1 Month Change7.02%
3 Month Change-14.09%
1 Year Change-56.43%
3 Year Change-57.93%
5 Year Change-61.66%
Change since IPO-53.72%

Recent News & Updates

Shareholder Returns

MATAU Metals and MiningAU Market
7D3.4%3.6%1.7%
1Y-56.4%11.3%20.2%

Return vs Industry: MAT underperformed the Australian Metals and Mining industry which returned 11.3% over the past year.

Return vs Market: MAT underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is MAT's price volatile compared to industry and market?
MAT volatility
MAT Beta0.36
Industry Beta0.97
Market Beta1

Stable Share Price: MAT is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: MAT's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200324Paul Polihttps://www.matsa.com.au

Matsa Resources Limited engages in the exploration and development of mineral properties in Western Australia and Thailand. The company primarily explores for gold, nickel, copper, and base metals. It holds interests in the Lake Carey Gold project, Red October, Fortitude Gold Mine Stage 2, Fortitude North, and Devon projects; and the Paraburdoo, Symons Hill, and Lake Rebecca projects.

Matsa Resources Fundamentals Summary

How do Matsa Resources's earnings and revenue compare to its market cap?
MAT fundamental statistics
Market CapAU$21.85m
Earnings (TTM)-AU$9.66m
Revenue (TTM)AU$8.06m

2.7x

P/S Ratio

-2.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MAT income statement (TTM)
RevenueAU$8.06m
Cost of RevenueAU$12.64m
Gross Profit-AU$4.59m
ExpensesAU$5.07m
Earnings-AU$9.66m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.027
Gross Margin-56.93%
Net Profit Margin-119.87%
Debt/Equity Ratio27.4%

How did MAT perform over the long term?

See historical performance and comparison

Valuation

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

1.43x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: MAT is good value based on its PB Ratio (1.4x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

0.7%

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 Matsa 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 Matsa Resources performed over the past 5 years?

-43.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAT is currently unprofitable.

Growing Profit Margin: MAT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MAT is unprofitable, and losses have increased over the past 5 years at a rate of 43% per year.

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

Earnings vs Industry: MAT 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: MAT has a negative Return on Equity (-62.81%), as it is currently unprofitable.


Financial Health

How is Matsa Resources's financial position?


Financial Position Analysis

Short Term Liabilities: MAT's short term assets (A$3.6M) do not cover its short term liabilities (A$5.5M).

Long Term Liabilities: MAT's short term assets (A$3.6M) do not cover its long term liabilities (A$7.0M).


Debt to Equity History and Analysis

Debt Level: MAT's debt to equity ratio (27.4%) is considered satisfactory.

Reducing Debt: MAT's debt to equity ratio has increased from 0% to 27.4% 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: MAT has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: MAT is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.


Dividend

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


Dividend Yield vs Market

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

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

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

11.4yrs

Average board tenure


CEO

Paul Poli

no data

Tenure

AU$351,036

Compensation

Mr. Paul Poli, B.Com., FCPA, serves as Executive Chairman and Managing Director of Matsa Resources Ltd and has been its Director since December 23, 2008. He has been the Chairman of the Board at Bulletin R...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD262.46K) is about average for companies of similar size in the Australian market ($USD302.06K).

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


Board Members

Experienced Board: MAT's board of directors are seasoned and experienced ( 11.4 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 32.1%.


Top Shareholders

Company Information

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


Key Information

  • Name: Matsa Resources Limited
  • Ticker: MAT
  • Exchange: ASX
  • Founded: 2003
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$21.847m
  • Shares outstanding: 358.15m
  • Website: https://www.matsa.com.au

Number of Employees


Location

  • Matsa Resources Limited
  • 139 Newcastle Street
  • Suite 11
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 07:04
End of Day Share Price2021/10/20 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.