How does MGT's PB Ratio compare to its peers?

MGT is good value based on its Price-To-Book Ratio (0.4x) compared to the peer average (0.9x).

How does MGT's PB Ratio compare vs other companies in the AU Metals and Mining Industry?

MGT is good value based on its Price-To-Book Ratio (0.4x) compared to the Australian Metals and Mining industry average (1.2x).

What is MGT's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate MGT's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of MGT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate MGT's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Magnetite Mines (ASX:MGT) - Stock Price, News & Analysis

MGT Stock Overview

Engages in the exploration of mineral properties in South Australia. More details

MGT fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Risk Analysis

Earnings have declined by 39.6% per year over past 5 years

Makes less than USD$1m in revenue (A$214K)

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap (A$16M)

Magnetite Mines Limited Competitors

Hawsons Iron

ASX:HIO

AU$20.3m

Equatorial Resources

ASX:EQX

AU$15.1m

Firebird Metals

ASX:FRB

AU$17.1m

Equinox Resources

ASX:EQN

AU$17.3m

Price History & Performance

Summary of all time highs, changes and price drops for Magnetite Mines
Historical stock prices
Current Share Price	AU$0.14
52 Week High	AU$0.41
52 Week Low	AU$0.11
Beta	2.96
11 Month Change	-22.22%
3 Month Change	-42.86%
1 Year Change	-55.56%
33 Year Change	-88.33%
5 Year Change	-43.99%
Change since IPO	-99.13%

Recent updates

Shareholder Returns

	MGT	AU Metals and Mining	AU Market
7D	-3.4%	-0.9%	1.5%
1Y	-55.6%	-12.8%	17.2%

Return vs Industry: MGT underperformed the Australian Metals and Mining industry which returned -12.8% over the past year.

Return vs Market: MGT underperformed the Australian Market which returned 17.2% over the past year.

Price Volatility

Is MGT's price volatile compared to industry and market?
MGT volatility
MGT Average Weekly Movement	12.1%
Metals and Mining Industry Average Movement	10.9%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: MGT has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: MGT's weekly volatility (12%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2004	n/a	Tim Dobson	magnetitemines.com

Magnetite Mines Limited engages in the exploration of mineral properties in South Australia. Its flagship project is the Razorback Iron Ore project that includes the Razorback and Iron Peak deposits located in Adelaide, South Australia. The company was formerly known as Royal Resources Limited and changed its name to Magnetite Mines Limited in December 2015.

Magnetite Mines Limited Fundamentals Summary

How do Magnetite Mines's earnings and revenue compare to its market cap?
MGT fundamental statistics
Market cap	AU$15.57m
Earnings (TTM)	-AU$4.85m
Revenue (TTM)	AU$214.49k

75.3x

P/S Ratio

-3.3x

P/E Ratio

Is MGT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MGT income statement (TTM)
Revenue	AU$214.49k
Cost of Revenue	AU$0
Gross Profit	AU$214.49k
Other Expenses	AU$5.06m
Earnings	-AU$4.85m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.042
Gross Margin	100.00%
Net Profit Margin	-2,260.14%
Debt/Equity Ratio	0%

How did MGT perform over the long term?

See historical performance and comparison

MGT Stock Overview

Risk Analysis

Magnetite Mines Limited Competitors

ASX:HIO

AU$20.3m

ASX:EQX

AU$15.1m

ASX:FRB

AU$17.1m

ASX:EQN

AU$17.3m

Price History & Performance

Recent News & Updates

New minor risk - Share price stability

New major risk - Market cap size

Magnetite Mines Limited Announces Resignation of Jim Mckerlie as Director

New major risk - Shareholder dilution

New minor risk - Financial data availability

Magnetite Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 4.1 million.

Recent updates

New minor risk - Share price stability

New major risk - Market cap size

Magnetite Mines Limited Announces Resignation of Jim Mckerlie as Director

New major risk - Shareholder dilution

New minor risk - Financial data availability

Magnetite Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 4.1 million.

Magnetite Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 5.085792 million.

New minor risk - Share price stability

New major risk - Financial position

New minor risk - Shareholder dilution

New minor risk - Share price stability

Magnetite Mines Limited, Annual General Meeting, Nov 23, 2023

New minor risk - Financial data availability

New minor risk - Financial data availability

Magnetite Mines Limited Announces the Appointment of Simon Smith as Chief Financial Officer, Commencing September 2023

Magnetite Mines Limited Launches Foothight Sustainability Platform

Non-Executive Director recently bought AU$99k worth of stock

Magnetite Mines Limited Announces Mineral Resource Estimate Update for the Iron Peak Deposit, and the Razorback Iron Ore Project

Magnetite Mines Limited Announces Appointment of Carmen Letton as Non-Executive Director

Magnetite Mines Limited Provides Update on Razorback Project Optimisation Studies

Magnetite Mines Limited Announces Peer Review Confirms Razorback Process Plant Design

Less than half of directors are independent

Magnetite Mines Limited, Annual General Meeting, Nov 23, 2022

Magnetite Mines Limited Transforms to Meet Growing High-Grade Market

Stephen Weir to Resume as Chief Development Officer of Magnetite Mines Limited

Magnetite Mines Limited Announces Positive Interim Metallurgical Test Results

Magnetite Mines Limited Announces Company Secretary Changes

Magnetite Mines Limited Appoints Simon Wandke as Non-Executive Director

Magnetite Mines Limited Appoints Ian Kirkham as Chief Financial Officer

Magnetite Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 15.798734 million.

Magnetite Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 15.798734 million.

Less than half of directors are independent

CFO & Company Secretary Frank DeMarte has left the company

Magnetite Mines Limited Announces Appointment of Ghd to Razorback Definitive Feasibility Study

Less than half of directors are independent

Magnetite Mines Limited Announces Ore Reserve for the Razorback Iron Project

Interim CEO & Executive Chairman exercised options to buy AU$355k worth of stock.

Magnetite Mines Limited Announces Update from Razorback Iron Ore Project Mineral Resource Upgrade

Magnetite Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 7.008 million.

Magnetite Mines Limited announced that it expects to receive AUD 7.008 million in funding

Magnetite Mines Limited Names Peter Schubert as Interim Chief Executive Officer

Magnetite Mines Limited Names Mark Eames as Technical Director

Magnetite Mines Limited Appoints Stephen Weir as Chief Development Officer

Magnetite Mines Limited Enters into Agreement with NextOre Pty Ltd

Magnetite Mines Limited announced that it has received AUD 0.075 million in funding

Shareholder Returns

Price Volatility

About the Company

Magnetite Mines Limited Fundamentals Summary

75.3x

-3.3x

Earnings & Revenue