Mincor Resources NL, together with its subsidiaries, engages in the exploration, development, and mining of mineral resources in Australia.
Mincor Resources Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$1.42|
|52 Week High||AU$0.86|
|52 Week Low||AU$1.45|
|1 Month Change||9.23%|
|3 Month Change||28.51%|
|1 Year Change||59.55%|
|3 Year Change||273.68%|
|5 Year Change||305.71%|
|Change since IPO||787.51%|
Recent News & Updates
When Can We Expect A Profit From Mincor Resources NL (ASX:MCR)?
With the business potentially at an important milestone, we thought we'd take a closer look at Mincor Resources NL's...
|MCR||AU Metals and Mining||AU Market|
Return vs Industry: MCR exceeded the Australian Metals and Mining industry which returned 12.2% over the past year.
Return vs Market: MCR exceeded the Australian Market which returned 20.2% over the past year.
Stable Share Price: MCR is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: MCR's weekly volatility (8%) has been stable over the past year.
About the Company
Mincor Resources NL, together with its subsidiaries, engages in the exploration, development, and mining of mineral resources in Australia. The company explores for nickel, gold, and copper deposits. Its flagship project is the Cassini Nickel mine located in the Southern Goldfields region of Western Australia.
Mincor Resources Fundamentals Summary
|MCR fundamental statistics|
Is MCR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MCR income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.028|
|Net Profit Margin||-11,779.82%|
How did MCR perform over the long term?See historical performance and comparison
Is Mincor Resources undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MCR (A$1.42) is trading below our estimate of fair value (A$3.1)
Significantly Below Fair Value: MCR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MCR is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: MCR 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 MCR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MCR is overvalued based on its PB Ratio (7.7x) compared to the AU Metals and Mining industry average (2.6x).
How is Mincor Resources forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MCR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: MCR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MCR's is expected to become profitable in the next 3 years.
Revenue vs Market: MCR's revenue (46.7% per year) is forecast to grow faster than the Australian market (5.5% per year).
High Growth Revenue: MCR's revenue (46.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MCR's Return on Equity is forecast to be high in 3 years time (31.8%)
How has Mincor Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MCR is currently unprofitable.
Growing Profit Margin: MCR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MCR is unprofitable, but has reduced losses over the past 5 years at a rate of 4.3% per year.
Accelerating Growth: Unable to compare MCR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MCR 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: MCR has a negative Return on Equity (-15.02%), as it is currently unprofitable.
How is Mincor Resources's financial position?
Financial Position Analysis
Short Term Liabilities: MCR's short term assets (A$61.3M) exceed its short term liabilities (A$9.0M).
Long Term Liabilities: MCR's short term assets (A$61.3M) exceed its long term liabilities (A$28.1M).
Debt to Equity History and Analysis
Debt Level: MCR is debt free.
Reducing Debt: MCR has not had any debt for past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MCR has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MCR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Mincor Resources's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MCR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MCR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MCR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MCR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MCR is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MCR's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Southam (49 yo)
Mr. David Clifford Southam, B.comm, CPA, MAICD, has been Managing Director and Director of Mincor Resources NL since February 1, 2019. Mr. Southam served as Executive Director of Western Areas Limited from...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD962.68K) is above average for companies of similar size in the Australian market ($USD736.11K).
Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.
Experienced Management: MCR's management team is considered experienced (3.3 years average tenure).
Experienced Board: MCR's board of directors are considered experienced (3.5 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.3%.
Mincor Resources NL's employee growth, exchange listings and data sources
- Name: Mincor Resources NL
- Ticker: MCR
- Exchange: ASX
- Founded: 1996
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$687.726m
- Shares outstanding: 484.31m
- Website: https://www.mincor.com.au
- Mincor Resources NL
- 9 Havelock Street
- Ground Floor
- West Perth
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 15:12|
|End of Day Share Price||2021/10/18 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.