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MCR

Mincor ResourcesASX:MCR Stock Report

Market Cap

AU$687.7m

7D

7.6%

1Y

59.6%

Updated

18 Oct, 2021

Data

Company Financials +
MCR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth6/6
Past Performance0/6
Financial Health5/6
Dividends0/6

MCR Overview

Mincor Resources NL, together with its subsidiaries, engages in the exploration, development, and mining of mineral resources in Australia.

Mincor Resources Competitors

BHP Group

ASX:BHP

AU$193.5b

South32

ASX:S32

AU$18.5b

IGO

ASX:IGO

AU$7.2b

Pilbara Minerals

ASX:PLS

AU$6.3b

Price History & Performance

Summary of all time highs, changes and price drops for Mincor Resources
Historical stock prices
Current Share PriceAU$1.42
52 Week HighAU$0.86
52 Week LowAU$1.45
Beta0.56
1 Month Change9.23%
3 Month Change28.51%
1 Year Change59.55%
3 Year Change273.68%
5 Year Change305.71%
Change since IPO787.51%

Recent News & Updates

Apr 11
When Can We Expect A Profit From Mincor Resources NL (ASX:MCR)?

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...

Shareholder Returns

MCRAU Metals and MiningAU Market
7D7.6%4.3%0.9%
1Y59.6%12.2%20.2%

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.

Price Volatility

Is MCR's price volatile compared to industry and market?
MCR volatility
MCR Beta0.56
Industry Beta0.97
Market Beta1

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

FoundedEmployeesCEOWebsite
1996n/aDavid Southamhttps://www.mincor.com.au

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

How do Mincor Resources's earnings and revenue compare to its market cap?
MCR fundamental statistics
Market CapAU$687.73m
Earnings (TTM)-AU$13.43m
Revenue (TTM)AU$114.00k

6.2kx

P/S Ratio

-51.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MCR income statement (TTM)
RevenueAU$114.00k
Cost of RevenueAU$0
Gross ProfitAU$114.00k
ExpensesAU$13.54m
Earnings-AU$13.43m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.028
Gross Margin100.00%
Net Profit Margin-11,779.82%
Debt/Equity Ratio0%

How did MCR perform over the long term?

See historical performance and comparison

Valuation

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

>50%

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).


Future Growth

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

47.7%

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%)


Past Performance

How has Mincor Resources performed over the past 5 years?

4.3%

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.


Financial Health

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.


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: 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.


Dividend

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

2.11%

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

David Southam (49 yo)

2.67yrs

Tenure

AU$1,297,020

Compensation

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.


Leadership Team

Experienced Management: MCR's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: MCR's board of directors are considered experienced (3.5 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 12.3%.


Top Shareholders

Company Information

Mincor Resources NL's employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • Mincor Resources NL
  • 9 Havelock Street
  • Ground Floor
  • 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 Analysis2021/10/18 15:12
End of Day Share Price2021/10/18 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.