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MDI

Middle Island ResourcesASX:MDI Stock Report

Market Cap

AU$14.1m

7D

19.8%

1Y

-70.6%

Updated

18 Oct, 2021

Data

Company Financials
MDI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

MDI Overview

Middle Island Resources Limited operates as a gold exploration and development company in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Middle Island Resources
Historical stock prices
Current Share PriceAU$0.12
52 Week HighAU$0.09
52 Week LowAU$0.46
Beta0.39
1 Month Change22.34%
3 Month Change4.55%
1 Year Change-70.59%
3 Year Change-50.00%
5 Year Change-92.19%
Change since IPO-98.86%

Recent News & Updates

Feb 26
What Does Middle Island Resources' (ASX:MDI) CEO Pay Reveal?

What Does Middle Island Resources' (ASX:MDI) CEO Pay Reveal?

This article will reflect on the compensation paid to Rick Yeates who has served as CEO of Middle Island Resources...

Shareholder Returns

MDIAU Metals and MiningAU Market
7D19.8%4.3%0.9%
1Y-70.6%12.2%20.2%

Return vs Industry: MDI underperformed the Australian Metals and Mining industry which returned 12.2% over the past year.

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

Price Volatility

Is MDI's price volatile compared to industry and market?
MDI volatility
MDI Beta0.39
Industry Beta0.97
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
2010n/aBrad Marwoodhttps://www.middleisland.com.au

Middle Island Resources Limited operates as a gold exploration and development company in Australia. It holds a 100% interest in the Sandstone gold project that includes two granted mining leases located in the East Murchison Mineral Field of Western Australia; and the Barkly copper gold project that comprises 10 exploration license applications covering 3,253 square kilometers located within the Barkly region of the Northern Territory. The company was incorporated in 2010 and is headquartered in West Perth, Australia.

Middle Island Resources Fundamentals Summary

How do Middle Island Resources's earnings and revenue compare to its market cap?
MDI fundamental statistics
Market CapAU$14.08m
Earnings (TTM)-AU$6.82m
Revenue (TTM)n/a

0x

P/S Ratio

-2.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MDI income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$6.82m
Earnings-AU$6.82m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.056
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio1.3%

How did MDI perform over the long term?

See historical performance and comparison

Valuation

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

2.55x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: MDI's PB Ratio (2.5x) is in line with the AU Metals and Mining industry average.


Future Growth

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

-0.3%

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 Middle Island 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 Middle Island Resources performed over the past 5 years?

-14.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MDI is currently unprofitable.

Growing Profit Margin: MDI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MDI is unprofitable, and losses have increased over the past 5 years at a rate of 14.2% per year.

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

Earnings vs Industry: MDI 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: MDI has a negative Return on Equity (-123.37%), as it is currently unprofitable.


Financial Health

How is Middle Island Resources's financial position?


Financial Position Analysis

Short Term Liabilities: MDI's short term assets (A$3.6M) exceed its short term liabilities (A$414.6K).

Long Term Liabilities: MDI's short term assets (A$3.6M) exceed its long term liabilities (A$1.4M).


Debt to Equity History and Analysis

Debt Level: MDI's debt to equity ratio (1.3%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if MDI's debt to equity ratio has reduced 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: MDI has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MDI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 15.7% each year


Dividend

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


Dividend Yield vs Market

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

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

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

1.8yrs

Average board tenure


CEO

Brad Marwood

0.25

Tenure

AU$40,000

Compensation

Mr. Bradley Marwood, also known as Brad, served as Director at Ionic Rare Earths Limited since December 21, 2020 until July 16, 2021. He has been Managing Director of Consolidated Zinc Ltd. since February...


Board Members

Experienced Board: MDI's board of directors are not considered experienced ( 1.8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Middle Island Resources Limited
  • Ticker: MDI
  • Exchange: ASX
  • Founded: 2010
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$14.078m
  • Shares outstanding: 122.42m
  • Website: https://www.middleisland.com.au

Location

  • Middle Island Resources Limited
  • 2 Richardson Street
  • Suite 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 Analysis2021/10/18 15:32
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.