| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
MLX Overview
Metals X Limited engages in the production of tin in Australia.
Metals X Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.37 |
| 52 Week High | AU$0.075 |
| 52 Week Low | AU$0.41 |
| Beta | 1.46 |
| 1 Month Change | 7.25% |
| 3 Month Change | 51.02% |
| 1 Year Change | 362.50% |
| 3 Year Change | -15.91% |
| 5 Year Change | -72.69% |
| Change since IPO | -82.21% |
Recent News & Updates
Metals X (ASX:MLX) Has A Pretty Healthy Balance Sheet
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
We Don’t Think Metals X's (ASX:MLX) Earnings Should Make Shareholders Too Comfortable
The healthy profit announcement from Metals X Limited ( ASX:MLX ) didn't seem to impress investors. We did some digging...
Shareholder Returns
| MLX | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | -8.6% | -0.3% | 0.7% |
| 1Y | 362.5% | 12.5% | 21.4% |
Return vs Industry: MLX exceeded the Australian Metals and Mining industry which returned 12.5% over the past year.
Return vs Market: MLX exceeded the Australian Market which returned 21.4% over the past year.
Price Volatility
| MLX volatility | |
|---|---|
| MLX Beta | 1.46 |
| Industry Beta | 0.97 |
| Market Beta | 1 |
Stable Share Price: MLX is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: MLX's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2004 | 175 | n/a | https://www.metalsx.com.au |
Metals X Limited engages in the production of tin in Australia. It holds a 50% interest in the Renison tin project located on the west coast of Tasmania. The company was incorporated in 2004 and is based in Perth, Australia.
Metals X Fundamentals Summary
| MLX fundamental statistics | |
|---|---|
| Market Cap | AU$344.76m |
| Earnings (TTM) | AU$22.93m |
| Revenue (TTM) | AU$93.83m |
14.6x
P/E Ratio3.6x
P/S RatioIs MLX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MLX income statement (TTM) | |
|---|---|
| Revenue | AU$93.83m |
| Cost of Revenue | AU$74.65m |
| Gross Profit | AU$19.19m |
| Expenses | -AU$3.74m |
| Earnings | AU$22.93m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.025 |
| Gross Margin | 20.45% |
| Net Profit Margin | 24.43% |
| Debt/Equity Ratio | 11.2% |
How did MLX perform over the long term?
See historical performance and comparisonValuation
Is Metals X undervalued compared to its fair value and its price relative to the market?
14.65x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate MLX's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate MLX's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: MLX is poor value based on its PE Ratio (14.6x) compared to the Australian Metals and Mining industry average (14.3x).
PE vs Market: MLX is good value based on its PE Ratio (14.6x) compared to the Australian market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: MLX is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: MLX is good value based on its PB Ratio (2.4x) compared to the AU Metals and Mining industry average (2.6x).
Future Growth
How is Metals X forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
16.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MLX's forecast earnings growth (16.1% per year) is above the savings rate (1.9%).
Earnings vs Market: MLX's earnings (16.1% per year) are forecast to grow faster than the Australian market (11.5% per year).
High Growth Earnings: MLX's earnings are forecast to grow, but not significantly.
Revenue vs Market: Insufficient data to determine if MLX's revenue is forecast to grow faster than the Australian market.
High Growth Revenue: Insufficient data to determine if MLX's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MLX's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Metals X performed over the past 5 years?
9.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MLX has a high level of non-cash earnings.
Growing Profit Margin: MLX became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MLX has become profitable over the past 5 years, growing earnings by 9% per year.
Accelerating Growth: MLX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MLX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).
Return on Equity
High ROE: MLX's Return on Equity (16.5%) is considered low.
Financial Health
How is Metals X's financial position?
Financial Position Analysis
Short Term Liabilities: MLX's short term assets (A$65.3M) exceed its short term liabilities (A$29.6M).
Long Term Liabilities: MLX's short term assets (A$65.3M) exceed its long term liabilities (A$15.1M).
Debt to Equity History and Analysis
Debt Level: MLX's debt to equity ratio (11.2%) is considered satisfactory.
Reducing Debt: MLX's debt to equity ratio has increased from 0% to 11.2% over the past 5 years.
Debt Coverage: MLX's debt is well covered by operating cash flow (28.4%).
Interest Coverage: MLX earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Metals X current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MLX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MLX'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 MLX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MLX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MLX is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MLX'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?
1.0yrs
Average management tenure
CEO
Metals X has no CEO, or we have no data on them.
Leadership Team
Experienced Management: MLX's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
Experienced Board: MLX's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Metals X Limited's employee growth, exchange listings and data sources
Key Information
- Name: Metals X Limited
- Ticker: MLX
- Exchange: ASX
- Founded: 2004
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$344.761m
- Shares outstanding: 907.27m
- Website: https://www.metalsx.com.au
Number of Employees
Location
- Metals X Limited
- 197 St Georges Terrace
- Level 5
- Perth
- Western Australia
- 6000
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/22 07:05 |
| End of Day Share Price | 2021/10/22 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.