Executive Summary
Musgrave Minerals Limited operates as a gold and base metal exploration and development company in Australia. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 31.3% per year for the next 3 years
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 +/- 9% a week.
Volatility Over Time: MGV's weekly volatility has decreased from 17% to 9% over the past year.
Market Performance
7 Day Return
8.0%
MGV
-2.5%
AU Metals and Mining
0.1%
AU Market
1 Year Return
376.5%
MGV
26.4%
AU Metals and Mining
-1.6%
AU Market
Return vs Industry: MGV exceeded the Australian Metals and Mining industry which returned 26.4% over the past year.
Return vs Market: MGV exceeded the Australian Market which returned -1.6% over the past year.
Shareholder returns
| MGV | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.0% | -2.5% | 0.1% |
| 30 Day | 9.5% | 10.1% | 2.3% |
| 90 Day | -28.9% | 21.4% | 9.8% |
| 1 Year | 376.5%376.5% | 33.2%26.4% | 1.7%-1.6% |
| 3 Year | 388.0%388.0% | 70.2%46.6% | 25.7%10.1% |
| 5 Year | 4,400.0%4,400.0% | 294.1%221.6% | 70.7%37.2% |
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
2 months ago | Simply Wall St
What Percentage Of Musgrave Minerals Limited (ASX:MGV) Shares Do Insiders Own?7 months ago | Simply Wall St
Did Musgrave Minerals Limited (ASX:MGV) Insiders Buy Up More Shares?8 months ago | Simply Wall St
Do Insiders Own Shares In Musgrave Minerals Limited (ASX:MGV)?Valuation
Is Musgrave Minerals undervalued compared to its fair value and its price relative to the market?
167.15x
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 (167.1x) compared to the AU Metals and Mining industry average (13.2x).
PE vs Market: MGV is poor value based on its PE Ratio (167.1x) compared to the Australian market (22.4x).
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 (6.5x) compared to the AU Metals and Mining industry average (2.7x).
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 (38%).
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?
10.7yrs
Average board tenure
CEO
Rob Waugh
no data
Tenure
AU$362,709
Compensation
Mr. Robert Scott Waugh, also known as Rob, MSc, BSc, MAusIMM, MAIG serves as Managing Director at Musgrave Minerals Limited. Mr. Waugh served as Exploration Manager of Raisama Limited. He served as Explora...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD282.35K) is about average for companies of similar size in the Australian market ($USD295.31K).
Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | no data | AU$362.71k | 0.75% A$ 1.4m | |
| Independent Non-Executive Director | 10.67yrs | AU$49.28k | 0.11% A$ 212.2k | |
| Independent Non-Executive Director | 10.67yrs | AU$49.28k | 0.11% A$ 219.0k | |
| Non-Executive Chairman | 10.67yrs | AU$65.00k | 0.35% A$ 672.0k |
10.7yrs
Average Tenure
58yo
Average Age
Experienced Board: MGV's board of directors are seasoned and experienced ( 10.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MGV insiders have only sold shares 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 28.8%.
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$190.543m
- Shares outstanding: 522.04m
- Website: https://www.musgraveminerals.com.au
Location
- Musgrave Minerals Limited
- 5 Ord Street
- Ground Floor
- West Perth
- Western Australia
- 6005
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MGV | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Apr 2011 |
| 6MU | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Apr 2011 |
| MGV | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Apr 2011 |
| MGVM.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Apr 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/15 07:09 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.