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MEI

Meteoric ResourcesASX:MEI Stock Report

Market Cap

AU$34.8m

7D

0%

1Y

-59.0%

Updated

18 Oct, 2021

Data

Company Financials
MEI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

MEI Overview

Meteoric Resources NL explores for mineral tenements.

Meteoric Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Meteoric Resources
Historical stock prices
Current Share PriceAU$0.025
52 Week HighAU$0.022
52 Week LowAU$0.083
Beta1.57
1 Month Change-16.67%
3 Month Change-50.00%
1 Year Change-59.02%
3 Year Change56.25%
5 Year Change108.33%
Change since IPO-88.64%

Recent News & Updates

Shareholder Returns

MEIAU Metals and MiningAU Market
7D0%4.3%0.9%
1Y-59.0%12.2%20.2%

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

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

Price Volatility

Is MEI's price volatile compared to industry and market?
MEI volatility
MEI Beta1.57
Industry Beta0.97
Market Beta1

Stable Share Price: MEI is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: MEI's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004n/aAndrew Tunkshttps://www.meteoric.com.au

Meteoric Resources NL explores for mineral tenements. It explores for gold, copper, cobalt, diamond, and silver deposits. The company owns interests in the Palm Springs gold project, which covers an area of approximately 12,500 ha located in Western Australia; the Juruena and Novo Astro gold projects situated in Brazil; and the Warrego North IOCG project located in the Northern Territory.

Meteoric Resources Fundamentals Summary

How do Meteoric Resources's earnings and revenue compare to its market cap?
MEI fundamental statistics
Market CapAU$34.77m
Earnings (TTM)-AU$9.04m
Revenue (TTM)n/a

0x

P/S Ratio

-3.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MEI income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$9.04m
Earnings-AU$9.04m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0068
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did MEI perform over the long term?

See historical performance and comparison

Valuation

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

7.18x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: MEI is overvalued based on its PB Ratio (7.2x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Meteoric 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 Meteoric 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 Meteoric Resources performed over the past 5 years?

-33.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MEI is currently unprofitable.

Growing Profit Margin: MEI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MEI is unprofitable, and losses have increased over the past 5 years at a rate of 33.9% per year.

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

Earnings vs Industry: MEI 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: MEI has a negative Return on Equity (-194.22%), as it is currently unprofitable.


Financial Health

How is Meteoric Resources's financial position?


Financial Position Analysis

Short Term Liabilities: MEI's short term assets (A$4.2M) exceed its short term liabilities (A$527.7K).

Long Term Liabilities: MEI has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: MEI is debt free.

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

Forecast Cash Runway: MEI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 43.9% each year


Dividend

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


Dividend Yield vs Market

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

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

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

3.8yrs

Average management tenure


CEO

Andrew Tunks (57 yo)

3.75yrs

Tenure

AU$827,625

Compensation

Dr. Andrew James Tunks, B.Sc (Hons), Ph D., has been Managing Director and Executive Director of Meteoric Resources NL since January 10, 2018. Dr. Tunks has held the Chief Executive Officer with Auroch Min...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD614.28K) is above average for companies of similar size in the Australian market ($USD302.72K).

Compensation vs Earnings: Andrew's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: MEI's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: MEI's board of directors are considered experienced (3.8 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 diluted in the past year, with total shares outstanding growing by 7.8%.


Top Shareholders

Company Information

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


Key Information

  • Name: Meteoric Resources NL
  • Ticker: MEI
  • Exchange: ASX
  • Founded: 2004
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$34.770m
  • Shares outstanding: 1.34b
  • Website: https://www.meteoric.com.au

Location

  • Meteoric Resources NL
  • 33 Ord Street
  • Level 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 07:04
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.