Magontec (ASX:MGL) - Stock Price, News & Analysis

MGL Stock Overview

Researches, develops, manufactures, and sells generic and specialist magnesium alloys in Europe, China, North America, and internationally.

About the company

MGL fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Earnings are forecast to grow 102.62% per year

Trading at good value compared to peers and industry

Risk Analysis

Does not have a meaningful market cap (A$18M)

Magontec Limited Competitors

Red Metal

ASX:RDM

AU$33.0m

Mineral Commodities

ASX:MRC

AU$25.6m

True North Copper

ASX:TNC

AU$39.1m

WA Kaolin

ASX:WAK

AU$26.2m

Price History & Performance

Summary of all time highs, changes and price drops for Magontec
Historical stock prices
Current Share Price	AU$0.23
52 Week High	AU$0.49
52 Week Low	AU$0.20
Beta	0.36
11 Month Change	-10.00%
3 Month Change	-25.00%
1 Year Change	-45.12%
33 Year Change	-37.50%
5 Year Change	-34.78%
Change since IPO	-100.00%

Magontec Limited (ASX:MGL) Looks Inexpensive But Perhaps Not Attractive Enough

Jul 15

The Returns At Magontec (ASX:MGL) Aren't Growing

May 30

Recent updates

Magontec Limited (ASX:MGL) Surges 48% Yet Its Low P/E Is No Reason For Excitement

Mar 06

Why We Like The Returns At Magontec (ASX:MGL)

Jan 23

Magontec (ASX:MGL) Seems To Use Debt Quite Sensibly

Oct 05

Magontec (ASX:MGL) Is Experiencing Growth In Returns On Capital

Aug 12

Is Magontec (ASX:MGL) A Risky Investment?

Apr 29

Magontec (ASX:MGL) Hasn't Managed To Accelerate Its Returns

Feb 20

Returns On Capital At Magontec (ASX:MGL) Have Hit The Brakes

Nov 08

Magontec (ASX:MGL) Has A Pretty Healthy Balance Sheet

Oct 04

It Looks Like Magontec Limited's (ASX:MGL) CEO May Expect Their Salary To Be Put Under The Microscope

May 18

Here's Why Magontec (ASX:MGL) Has A Meaningful Debt Burden

May 04

Here's What We Make Of Magontec's (ASX:MGL) Returns On Capital

Mar 06

Does Magontec (ASX:MGL) Have A Healthy Balance Sheet?

Dec 15

Shareholder Returns

	MGL	AU Metals and Mining	AU Market
7D	0%	7.2%	0.4%
1Y	-45.1%	-1.3%	16.4%

Return vs Industry: MGL underperformed the Australian Metals and Mining industry which returned -1.3% over the past year.

Return vs Market: MGL underperformed the Australian Market which returned 16.4% over the past year.

Price Volatility

Is MGL's price volatile compared to industry and market?
MGL volatility
MGL Average Weekly Movement	n/a
Metals and Mining Industry Average Movement	11.5%
Market Average Movement	8.8%
10% most volatile stocks in AU Market	16.7%
10% least volatile stocks in AU Market	3.6%

Stable Share Price: MGL's share price has been volatile over the past 3 months.

Volatility Over Time: Insufficient data to determine MGL's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1953	n/a	Nick Andrews	magontec.com

Magontec Limited, together with its subsidiaries, researches, develops, manufactures, and sells generic and specialist magnesium alloys in Europe, China, North America, 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. Its CCP products are used in water storage vessels.

Magontec Limited Fundamentals Summary

How do Magontec's earnings and revenue compare to its market cap?
MGL fundamental statistics
Market cap	AU$17.92m
Earnings (TTM)	-AU$7.18m
Revenue (TTM)	AU$83.22m

0.2x

P/S Ratio

-2.5x

P/E Ratio

Is MGL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MGL income statement (TTM)
Revenue	AU$83.22m
Cost of Revenue	AU$72.59m
Gross Profit	AU$10.63m
Other Expenses	AU$17.81m
Earnings	-AU$7.18m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.09
Gross Margin	12.77%
Net Profit Margin	-8.63%
Debt/Equity Ratio	2.5%

How did MGL perform over the long term?

See historical performance and comparison

MGL Stock Overview

Rewards

Risk Analysis

Magontec Limited Competitors

ASX:RDM

AU$33.0m

ASX:MRC

AU$25.6m

ASX:TNC

AU$39.1m

ASX:WAK

AU$26.2m

Price History & Performance

Recent News & Updates

Consensus revenue estimates fall by 22%

Price target decreased by 33% to AU$0.36

First half 2024 earnings released: AU$0.066 loss per share (vs AU$0.031 profit in 1H 2023)

Magontec Limited (ASX:MGL) Looks Inexpensive But Perhaps Not Attractive Enough

The Returns At Magontec (ASX:MGL) Aren't Growing

Magontec Limited, Annual General Meeting, May 15, 2024

Recent updates

Consensus revenue estimates fall by 22%

Price target decreased by 33% to AU$0.36

First half 2024 earnings released: AU$0.066 loss per share (vs AU$0.031 profit in 1H 2023)

Magontec Limited (ASX:MGL) Looks Inexpensive But Perhaps Not Attractive Enough

The Returns At Magontec (ASX:MGL) Aren't Growing

Magontec Limited, Annual General Meeting, May 15, 2024

Magontec (ASX:MGL) Is Due To Pay A Dividend Of A$0.006

New minor risk - Shareholder dilution

Final dividend of AU$0.006 announced

Full year 2023 earnings released: EPS: AU$0.006 (vs AU$0.21 in FY 2022)

Magontec (ASX:MGL) Shareholders Will Want The ROCE Trajectory To Continue

Investors Will Want Magontec's (ASX:MGL) Growth In ROCE To Persist

Magontec's (ASX:MGL) Soft Earnings Don't Show The Whole Picture

Magontec (ASX:MGL) Will Pay A Dividend Of A$0.006

Magontec (ASX:MGL) Seems To Use Debt Quite Sensibly

First half 2023 earnings released: EPS: AU$0.031 (vs AU$0.18 in 1H 2022)

New minor risk - Financial data availability

Magontec (ASX:MGL) Knows How To Allocate Capital Effectively

Is Magontec (ASX:MGL) Using Too Much Debt?

Magontec Limited (ASX:MGL) Surges 48% Yet Its Low P/E Is No Reason For Excitement

Full year 2022 earnings released: EPS: AU$0.21 (vs AU$0.065 in FY 2021)

Why We Like The Returns At Magontec (ASX:MGL)

Magontec Limited Announces Company Secretary Changes

Magontec Limited Announces Company Secretary Changes

Magontec (ASX:MGL) Seems To Use Debt Quite Sensibly

Magontec Limited Appoints Mr. Xingcai Li as Non-Executive Director

First half 2022 earnings released: EPS: AU$0.18 (vs AU$0.015 in 1H 2021)

Magontec Limited Declares Maiden Unfranked Interim Dividend, Payable on October 31, 2022

Magontec (ASX:MGL) Is Experiencing Growth In Returns On Capital

Magontec Provides Earnings Guidance for the Six Months Ended June 30, 2022

Magontec Limited Announces Change of Status of Director Andre Labuschagne

Is Magontec (ASX:MGL) A Risky Investment?

Less than half of directors are independent

Magontec Limited, Annual General Meeting, May 25, 2022

Full year 2021 earnings: Revenues in line with analyst expectations

Magontec (ASX:MGL) Hasn't Managed To Accelerate Its Returns

Returns On Capital At Magontec (ASX:MGL) Have Hit The Brakes

Magontec (ASX:MGL) Has A Pretty Healthy Balance Sheet

First half 2021 earnings released: EPS AU$0.015 (vs AU$0.002 loss in 1H 2020)

Magontec Limited Announces QSLM Production Update

It Looks Like Magontec Limited's (ASX:MGL) CEO May Expect Their Salary To Be Put Under The Microscope

Here's Why Magontec (ASX:MGL) Has A Meaningful Debt Burden

Here's What We Make Of Magontec's (ASX:MGL) Returns On Capital

Does Magontec (ASX:MGL) Have A Healthy Balance Sheet?

First half earnings released

Shareholder Returns

Price Volatility

About the Company

Magontec Limited Fundamentals Summary

0.2x

-2.5x

Earnings & Revenue