ASX:MGV

Stock Analysis Report

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Executive Summary

Musgrave Minerals Limited operates as a gold and base metal exploration and development company in Australia. More Details


Snowflake Analysis

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has Musgrave Minerals's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

Volatility Over Time: MGV's weekly volatility has decreased from 17% to 8% over the past year.


Market Performance


7 Day Return

0%

MGV

-1.7%

AU Metals and Mining

-1.2%

AU Market


1 Year Return

238.9%

MGV

68.0%

AU Metals and Mining

22.6%

AU Market

Return vs Industry: MGV exceeded the Australian Metals and Mining industry which returned 47.1% over the past year.

Return vs Market: MGV exceeded the Australian Market which returned 12.7% over the past year.


Shareholder returns

MGVIndustryMarket
7 Day0%-1.7%-1.2%
30 Day-16.4%4.4%-1.9%
90 Day-28.2%8.0%1.5%
1 Year238.9%238.9%76.1%68.0%26.6%22.6%
3 Year291.0%291.0%78.9%54.1%27.4%11.9%
5 Year771.4%771.4%205.2%146.6%59.9%28.5%

Long-Term Price Volatility Vs. Market

How volatile is Musgrave Minerals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Musgrave Minerals undervalued compared to its fair value and its price relative to the market?

125.88x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: MGV is poor value based on its PE Ratio (121.7x) compared to the AU Metals and Mining industry average (12.1x).

PE vs Market: MGV is poor value based on its PE Ratio (121.7x) compared to the Australian market (19.6x).


Price to Earnings Growth Ratio

PEG Ratio: MGV's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: MGV is overvalued based on its PB Ratio (4.7x) compared to the AU Metals and Mining industry average (2.5x).


Next Steps

Future Growth

How is Musgrave Minerals forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-31.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MGV's earnings are forecast to decline over the next 3 years (-31.3% per year).

Earnings vs Market: MGV's earnings are forecast to decline over the next 3 years (-31.3% per year).

High Growth Earnings: MGV's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MGV is forecast to have no revenue next year.

High Growth Revenue: MGV is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MGV is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Musgrave Minerals performed over the past 5 years?

49.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MGV has high quality earnings.

Growing Profit Margin: MGV became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MGV has become profitable over the past 5 years, growing earnings by 49.8% per year.

Accelerating Growth: MGV has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MGV has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (27.5%).


Return on Equity

High ROE: MGV's Return on Equity (3.4%) is considered low.


Next Steps

Financial Health

How is Musgrave Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: MGV's short term assets (A$9.4M) exceed its short term liabilities (A$1.3M).

Long Term Liabilities: MGV's short term assets (A$9.4M) exceed its long term liabilities (A$185.9K).


Debt to Equity History and Analysis

Debt Level: MGV is debt free.

Reducing Debt: MGV has not had any debt for past 5 years.

Debt Coverage: MGV has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MGV has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Musgrave Minerals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

10.8yrs

Average board tenure


CEO

Rob Waugh

no data

Tenure

AU$362,709

Compensation

Mr. Robert Scott Waugh, also known as Rob, MSc, BSc, MAusIMM, MAIG serves as Managing Director at Musgrave Minerals Limited. Mr. Waugh served as Exploration Manager of Raisama Limited. He served as Explora...


CEO Compensation Analysis

Compensation vs Market: Rob's total compensation ($USD277.64K) is about average for companies of similar size in the Australian market ($USD291.57K).

Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Robert Waugh
MD & Directorno dataAU$362.71k0.81%
A$ 1.3m
Kelly Ross
Independent Non-Executive Director10.83yrsAU$49.28k0.30%
A$ 466.5k
Brett Lambert
Non-Executive Director0.083yrno datano data
John Morgan Percival
Independent Non-Executive Director10.83yrsAU$49.28k0.11%
A$ 177.0k
Graham Ascough
Non-Executive Chairman10.83yrsAU$65.00k0.35%
A$ 543.1k

10.8yrs

Average Tenure

58.5yo

Average Age

Experienced Board: MGV's board of directors are seasoned and experienced ( 10.8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 31.4%.


Top Shareholders

Company Information

Musgrave Minerals Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Musgrave Minerals Limited
  • Ticker: MGV
  • Exchange: ASX
  • Founded: 2010
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$157.301m
  • Shares outstanding: 533.22m
  • Website: https://www.musgraveminerals.com.au

Location

  • Musgrave Minerals Limited
  • 5 Ord Street
  • Ground Floor
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MGVASX (Australian Securities Exchange)YesOrdinary SharesAUAUDApr 2011
6MUDB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2011
MGVCHIA (Chi-X Australia)YesOrdinary SharesAUAUDApr 2011
MGVM.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 2011

Biography

Musgrave Minerals Limited operates as a gold and base metal exploration and development company in Australia. It primarily explores for silver, gold, copper, lead, zinc, and nickel. It focuses on the Cue P...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/09 07:12
End of Day Share Price2021/03/09 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.