Metals X ASX:MLX Stock Report

Last Price

AU$0.41

Market Cap

AU$358.3m

7D

1.2%

1Y

41.4%

Updated

27 Dec, 2024

Data

Company Financials +

Metals X Limited

ASX:MLX Stock Report

Market Cap: AU$358.3m

MLX Stock Overview

Engages in the production of tin in Australia. More details

MLX fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	1/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 38.1% below our estimate of its fair value

Risk Analysis

Profit margins (9.3%) are lower than last year (17.1%)

Large one-off items impacting financial results

My Notes

Capture your thoughts, links and company narrative

Metals X Limited Competitors

GR Engineering Services

ASX:GNG

AU$407.5m

Jupiter Mines

ASX:JMS

AU$274.4m

DDH1

ASX:DDH

AU$331.8m

OM Holdings

ASX:OMH

AU$279.0m

Price History & Performance

Summary of share price highs, lows and changes for Metals X
Historical stock prices
Current Share Price	AU$0.41
52 Week High	AU$0.52
52 Week Low	AU$0.26
Beta	1.14
1 Month Change	2.50%
3 Month Change	-9.89%
1 Year Change	41.38%
3 Year Change	-28.70%
5 Year Change	418.99%
Change since IPO	-80.29%

Recent News & Updates

There's No Escaping Metals X Limited's (ASX:MLX) Muted Revenues Despite A 34% Share Price Rise

Apr 19

Recent updates

There's No Escaping Metals X Limited's (ASX:MLX) Muted Revenues Despite A 34% Share Price Rise

Apr 19

We Don’t Think Metals X's (ASX:MLX) Earnings Should Make Shareholders Too Comfortable

Sep 07

Metals X (ASX:MLX) Is Carrying A Fair Bit Of Debt

Mar 27

When Will Metals X Limited (ASX:MLX) Turn A Profit?

Feb 28

Here's What Metals X Limited's (ASX:MLX) Shareholder Ownership Structure Looks Like

Jan 22

Metals X's (ASX:MLX) Shareholders Are Down 90% On Their Shares

Dec 15

Shareholder Returns

	MLX	AU Metals and Mining	AU Market
7D	1.2%	0.3%	0.7%
1Y	41.4%	-20.7%	6.8%

Return vs Industry: MLX exceeded the Australian Metals and Mining industry which returned -20.7% over the past year.

Return vs Market: MLX exceeded the Australian Market which returned 6.8% over the past year.

Price Volatility

Is MLX's price volatile compared to industry and market?
MLX volatility
MLX Average Weekly Movement	5.7%
Metals and Mining Industry Average Movement	10.6%
Market Average Movement	8.0%
10% most volatile stocks in AU Market	16.8%
10% least volatile stocks in AU Market	3.0%

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

Volatility Over Time: MLX's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2004	n/a	n/a	www.metalsx.com.au

Metals X Limited engages in the production of tin in Australia. The company holds a 50% interest in the Renison tin project located on the west coast of Tasmania. Metals X Limited was incorporated in 2004 and is based in South Perth, Australia.

Metals X Limited Fundamentals Summary

How do Metals X's earnings and revenue compare to its market cap?
MLX fundamental statistics
Market cap	AU$358.32m
Earnings (TTM)	AU$17.38m
Revenue (TTM)	AU$186.22m

21.1x

P/E Ratio

2.0x

P/S Ratio

Is MLX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MLX income statement (TTM)
Revenue	AU$186.22m
Cost of Revenue	AU$119.05m
Gross Profit	AU$67.17m
Other Expenses	AU$49.79m
Earnings	AU$17.38m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.019
Gross Margin	36.07%
Net Profit Margin	9.33%
Debt/Equity Ratio	0.0003%

How did MLX perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/27 07:51
End of Day Share Price	2024/12/27 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Metals X Limited is covered by 7 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Peter Arden	Bell Potter
Timothy Hoff	Canaccord Genuity
John MacDonald	Euroz Hartleys Securities Limited

MLX Stock Overview

Rewards

Risk Analysis

Metals X Limited Competitors

ASX:GNG

AU$407.5m

ASX:JMS

AU$274.4m

ASX:DDH

AU$331.8m

ASX:OMH

AU$279.0m

Price History & Performance

Recent News & Updates

Metals X Limited Announces Executive Changes

Metals X Limited (ASX:MLX) proposed to acquire Greentech Technology International Limited (SEHK:195).

First half 2024 earnings released: EPS: AU$0.016 (vs AU$0.013 in 1H 2023)

Greentech Technology International Limited Announces Ringrose Exploration Update, Owned 50% by YT Parksong Australia Holding Pty Limited and 50% by Metals X Limited

There's No Escaping Metals X Limited's (ASX:MLX) Muted Revenues Despite A 34% Share Price Rise

Price target increased by 34% to AU$0.39

Recent updates

Metals X Limited Announces Executive Changes

Metals X Limited (ASX:MLX) proposed to acquire Greentech Technology International Limited (SEHK:195).

First half 2024 earnings released: EPS: AU$0.016 (vs AU$0.013 in 1H 2023)

Greentech Technology International Limited Announces Ringrose Exploration Update, Owned 50% by YT Parksong Australia Holding Pty Limited and 50% by Metals X Limited

There's No Escaping Metals X Limited's (ASX:MLX) Muted Revenues Despite A 34% Share Price Rise

Price target increased by 34% to AU$0.39

Metals X Limited, Annual General Meeting, May 20, 2024

Full year 2023 earnings released: EPS: AU$0.016 (vs AU$0.022 in FY 2022)

First half 2023 earnings released: EPS: AU$0.013 (vs AU$0.14 in 1H 2022)

Insufficient new directors

Full year 2022 earnings released: EPS: AU$0.022 (vs AU$0.064 in FY 2021)

Price target increased to AU$0.42

If EPS Growth Is Important To You, Metals X (ASX:MLX) Presents An Opportunity

Metals X Limited Announces the Resignation of James Doyle as Joint Company Secretary

Metals X Limited Announces Significant Exploration Drilling Intersection

Full year 2022 earnings released: EPS: AU$0.19 (vs AU$0.025 in FY 2021)

Metals X Limited Appoints James Doyle as Joint Company Secretary

Metals X Limited Announces 2022 Renison Mineral Resource Update

Benign Growth For Metals X Limited (ASX:MLX) Underpins Stock's 31% Plummet

Price target increased to AU$0.72

High number of new and inexperienced directors

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Metals X Limited Announces Latest Significant Intersections At Renison Mine

Price target increased to AU$0.38

Metals X (ASX:MLX) Has A Pretty Healthy Balance Sheet

Full year 2021 earnings released: EPS AU$0.025 (vs AU$0.015 loss in FY 2020)

We Don’t Think Metals X's (ASX:MLX) Earnings Should Make Shareholders Too Comfortable

Full year 2021 earnings released: EPS AU$0.074 (vs AU$0.095 loss in FY 2020)

An unknown buyer acquired Copper and Nickel assets of Metals X Limited from Metals X Limited (ASX:MLX).

Metals X Limited Provides Update on Ongoing Resource Definition Drilling Program At Renison Tin Operations

Metals X Limited Provides Renison Mineral Resource Update

Price target decreased to AU$0.13

Metals X (ASX:MLX) Is Carrying A Fair Bit Of Debt

First half 2021 earnings released: EPS AU$0.014 (vs AU$0.012 loss in 1H 2020)

Revenue and earnings beat expectations

When Will Metals X Limited (ASX:MLX) Turn A Profit?

New 90-day high: AU$0.21

Cyprium Metals Limited (ASX:CYM) agreed to acquire Paterson Copper Pty Ltd from Metals X Limited (ASX:MLX) for AUD 60 million.

Here's What Metals X Limited's (ASX:MLX) Shareholder Ownership Structure Looks Like

Price target raised to AU$0.19

Metals X's (ASX:MLX) Shareholders Are Down 90% On Their Shares

Metals X Limited Announces Company Secretary Changes

Metals X Limited Announces the Signing of A Body Corporate Indigenous Land Use Agreement

Analysts update estimates

Metals X Limited Auditor Raises 'Going Concern' Doubt

Full year earnings released - AU$0.095 loss per share

Full year earnings released - AU$0.095 loss per share

Price target raised to AU$0.17

Shareholder Returns

Price Volatility

About the Company

Metals X Limited Fundamentals Summary

21.1x

2.0x

Earnings & Revenue

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics