MI6

Minerals 260ASX:MI6 Stock Report

Market Cap

AU$107.8m

7D

-1.0%

1Y

n/a

Updated

22 Oct, 2021

Data

Company Financials
MI6 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

MI6 Overview

Minerals 260 Limited operates as a mineral exploration company in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Minerals 260
Historical stock prices
Current Share PriceAU$0.47
52 Week HighAU$0.46
52 Week LowAU$0.75
Beta0
1 Month Changen/a
3 Month Changen/a
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-20.83%

Recent News & Updates

Shareholder Returns

MI6AU Metals and MiningAU Market
7D-1.0%-0.3%0.7%
1Yn/a12.5%21.4%

Return vs Industry: Insufficient data to determine how MI6 performed against the Australian Metals and Mining industry.

Return vs Market: Insufficient data to determine how MI6 performed against the Australian Market.

Price Volatility

Is MI6's price volatile compared to industry and market?
MI6 volatility
MI6 Beta0
Industry Beta0.97
Market Beta1

Stable Share Price: Insufficient data to determine MI6's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine MI6's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2021n/aDavid Richardshttps://minerals260.com.au

Minerals 260 Limited operates as a mineral exploration company in Australia. The company intends to hold a 100% interest in the Moora gold-nickel-copper-PGE project; an option to earn a 51% interest in the Koojan gold-nickel-copper-PGE project; and interest in the Dingo Rocks project and tenement applications at Yalwest. The company was incorporated in 2021 and is based in West Perth, Australia.

Minerals 260 Fundamentals Summary

How do Minerals 260's earnings and revenue compare to its market cap?
MI6 fundamental statistics
Market CapAU$107.80m
Earnings (TTM)-AU$13.49k
Revenue (TTM)n/a

0x

P/S Ratio

-7.9kx

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MI6 income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$13.49k
Earnings-AU$13.49k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.00006
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio-906.5%

How did MI6 perform over the long term?

See historical performance and comparison

Valuation

Is Minerals 260 undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Minerals 260 is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Minerals 260 has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Future Growth

How is Minerals 260 forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.07%

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 Minerals 260 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 Minerals 260 performed over the past 5 years?

95.6%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: MI6 is currently unprofitable.

Growing Profit Margin: MI6 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if MI6's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare MI6's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MI6 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: MI6's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is Minerals 260's financial position?


Financial Position Analysis

Short Term Liabilities: MI6 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: MI6 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: MI6 has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: MI6's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if MI6 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if MI6 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Minerals 260 current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MI6's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MI6'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 MI6's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MI6'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 MI6'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?


CEO

David Richards (60 yo)

no data

Tenure

Mr. David Ross Richards, BSc (Hons), MAIG, MAICD has been Technical Director of Liontown Resources Ltd. since May 5, 2021 and served as its Managing Director since May 1, 2010 until May 5, 2021. He serves...


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.


Ownership Breakdown

Dilution of Shares: MI6 only recently listed within the past 12 months.


Top Shareholders

Company Information

Minerals 260 Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Minerals 260 Limited
  • Ticker: MI6
  • Exchange: ASX
  • Founded: 2021
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$107.800m
  • Shares outstanding: 220.00m
  • Website: https://minerals260.com.au

Location

  • Minerals 260 Limited
  • 1292 Hay Street
  • Level 2
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 07:05
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.