| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
MGL Overview
Magontec Limited, together with its subsidiaries, researches, develops, manufactures, and sells generic and specialist magnesium alloys in Asia, Europe, the Americas, and internationally.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.48 |
| 52 Week High | AU$0.21 |
| 52 Week Low | AU$1.14 |
| Beta | 1.11 |
| 1 Month Change | 41.18% |
| 3 Month Change | 88.24% |
| 1 Year Change | 100.00% |
| 3 Year Change | 28.00% |
| 5 Year Change | -15.79% |
| Change since IPO | -100.00% |
Recent News & Updates
Magontec (ASX:MGL) Has A Pretty Healthy Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
It Looks Like Magontec Limited's (ASX:MGL) CEO May Expect Their Salary To Be Put Under The Microscope
Shareholders will probably not be too impressed with the underwhelming results at Magontec Limited ( ASX:MGL...
Here's Why Magontec (ASX:MGL) Has A Meaningful Debt Burden
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Here's What We Make Of Magontec's (ASX:MGL) Returns On Capital
When researching a stock for investment, what can tell us that the company is in decline? More often than not, we'll...
Shareholder Returns
| MGL | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | 52.4% | -0.4% | 0.8% |
| 1Y | 100.0% | 15.6% | 24.4% |
Return vs Industry: MGL exceeded the Australian Metals and Mining industry which returned 15.6% over the past year.
Return vs Market: MGL exceeded the Australian Market which returned 24.4% over the past year.
Price Volatility
| MGL volatility | |
|---|---|
| MGL Beta | 1.11 |
| Industry Beta | 0.97 |
| Market Beta | 1 |
Stable Share Price: MGL is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 24% a week.
Volatility Over Time: MGL's weekly volatility (24%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1953 | 325 | Nick Andrews | https://magontec.com |
Magontec Limited, together with its subsidiaries, researches, develops, manufactures, and sells generic and specialist magnesium alloys in Asia, Europe, the Americas, and internationally. The company manufactures and distributes magnesium and titanium cathodic corrosion protection (CCP) products, such as HyTonic anodes, Correx impressed current systems, CorroScout measuring systems, and S-Patron intelligent measuring and control systems. The CCP products are used in water storage vessels.
Magontec Fundamentals Summary
| MGL fundamental statistics | |
|---|---|
| Market Cap | AU$36.83m |
| Earnings (TTM) | AU$562.00k |
| Revenue (TTM) | AU$99.95m |
65.6x
P/E Ratio0.4x
P/S RatioIs MGL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MGL income statement (TTM) | |
|---|---|
| Revenue | AU$99.95m |
| Cost of Revenue | AU$86.01m |
| Gross Profit | AU$13.94m |
| Expenses | AU$13.38m |
| Earnings | AU$562.00k |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.0073 |
| Gross Margin | 13.95% |
| Net Profit Margin | 0.56% |
| Debt/Equity Ratio | 40.6% |
How did MGL perform over the long term?
See historical performance and comparisonValuation
Is Magontec undervalued compared to its fair value and its price relative to the market?
30.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MGL (A$0.48) is trading below our estimate of fair value (A$0.69)
Significantly Below Fair Value: MGL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MGL is poor value based on its PE Ratio (65.6x) compared to the Australian Metals and Mining industry average (14.6x).
PE vs Market: MGL is poor value based on its PE Ratio (65.6x) compared to the Australian market (20x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MGL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MGL is good value based on its PB Ratio (1.2x) compared to the AU Metals and Mining industry average (2.6x).
Future Growth
How is Magontec forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
-0.5%
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 Magontec 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 Magontec performed over the past 5 years?
-22.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MGL has a large one-off gain of A$533.0K impacting its June 30 2021 financial results.
Growing Profit Margin: MGL became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MGL has become profitable over the past 5 years, growing earnings by -22.2% per year.
Accelerating Growth: MGL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MGL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).
Return on Equity
High ROE: MGL's Return on Equity (1.8%) is considered low.
Financial Health
How is Magontec's financial position?
Financial Position Analysis
Short Term Liabilities: MGL's short term assets (A$47.9M) exceed its short term liabilities (A$24.1M).
Long Term Liabilities: MGL's short term assets (A$47.9M) exceed its long term liabilities (A$17.6M).
Debt to Equity History and Analysis
Debt Level: MGL's debt to equity ratio (40.6%) is considered high.
Reducing Debt: MGL's debt to equity ratio has reduced from 62% to 40.6% over the past 5 years.
Debt Coverage: MGL's debt is not well covered by operating cash flow (18.6%).
Interest Coverage: MGL's interest payments on its debt are well covered by EBIT (4x coverage).
Balance Sheet
Dividend
What is Magontec current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MGL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MGL'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 MGL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MGL'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 MGL'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?
9.4yrs
Average management tenure
CEO
Nick Andrews (64 yo)
no data
Tenure
AU$412,498
Compensation
Mr. Nicholas William Andrews, also known as Nick, B Ec.(Syd), MSDIA, MAICD serves as Executive Chairman of Magontec Limited since August 31, 2009 and serves as its Chief Executive. Mr. Andrews has 25 years...
CEO Compensation Analysis
Compensation vs Market: Nick's total compensation ($USD309.22K) is about average for companies of similar size in the Australian market ($USD301.38K).
Compensation vs Earnings: Nick's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: MGL's management team is seasoned and experienced (9.4 years average tenure).
Board Members
Experienced Board: MGL's board of directors are considered experienced (8.3 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Magontec Limited's employee growth, exchange listings and data sources
Key Information
- Name: Magontec Limited
- Ticker: MGL
- Exchange: ASX
- Founded: 1953
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$36.830m
- Shares outstanding: 76.73m
- Website: https://magontec.com
Number of Employees
Location
- Magontec Limited
- 46A Macleay Street
- Suite 1.03
- Potts Point
- New South Wales
- 2011
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/26 16:11 |
| End of Day Share Price | 2021/10/26 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.