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MLX

Metals XASX:MLX Stock Report

Market Cap

AU$408.3m

7D

12.5%

1Y

373.7%

Updated

04 Dec, 2021

Data

Company Financials +
MLX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance2/6
Financial Health5/6
Dividends0/6

MLX Stock Overview

Metals X Limited engages in the production of tin in Australia.

Metals X Competitors

South32

ASX:S32

AU$17.4b

IGO

ASX:IGO

AU$7.7b

Pilbara Minerals

ASX:PLS

AU$7.3b

Nickel Mines

ASX:NIC

AU$3.5b

Price History & Performance

Summary of all time highs, changes and price drops for Metals X
Historical stock prices
Current Share PriceAU$0.45
52 Week HighAU$0.48
52 Week LowAU$0.092
Beta1.44
1 Month Change18.42%
3 Month Change42.86%
1 Year Change373.68%
3 Year Change15.38%
5 Year Change-31.82%
Change since IPO-78.37%

Recent News & Updates

Oct 14
Metals X (ASX:MLX) Has A Pretty Healthy Balance Sheet

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...

Sep 07
We Don’t Think Metals X's (ASX:MLX) Earnings Should Make Shareholders Too Comfortable

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

MLXAU Metals and MiningAU Market
7D12.5%1.3%-0.6%
1Y373.7%4.2%10.2%

Return vs Industry: MLX exceeded the Australian Metals and Mining industry which returned 4.2% over the past year.

Return vs Market: MLX exceeded the Australian Market which returned 10.2% over the past year.

Price Volatility

Is MLX's price volatile compared to industry and market?
MLX volatility
MLX Average Weekly Movement9.0%
Metals and Mining Industry Average Movement10.4%
Market Average Movement8.4%
10% most volatile stocks in AU Market15.7%
10% least volatile stocks in AU Market3.7%

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

FoundedEmployeesCEOWebsite
2004175n/ahttps://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

How do Metals X's earnings and revenue compare to its market cap?
MLX fundamental statistics
Market CapAU$408.27m
Earnings (TTM)AU$22.93m
Revenue (TTM)AU$93.83m

17.8x

P/E Ratio

4.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MLX income statement (TTM)
RevenueAU$93.83m
Cost of RevenueAU$74.65m
Gross ProfitAU$19.19m
Expenses-AU$3.74m
EarningsAU$22.93m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.025
Gross Margin20.45%
Net Profit Margin24.43%
Debt/Equity Ratio11.2%

How did MLX perform over the long term?

See historical performance and comparison

Valuation

Is Metals X undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MLX (A$0.45) is trading below our estimate of fair value (A$1.46)

Significantly Below Fair Value: MLX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MLX is poor value based on its PE Ratio (17.8x) compared to the Australian Metals and Mining industry average (14.2x).

PE vs Market: MLX is good value based on its PE Ratio (17.8x) compared to the Australian market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: MLX is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: MLX is overvalued based on its PB Ratio (2.9x) compared to the AU Metals and Mining industry average (2.5x).


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 (11.8% 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 net debt to equity ratio (1.5%) 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's interest payments on its debt are well covered by EBIT (13.5x coverage).


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?

1.2yrs

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 ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: MLX's board of directors are not considered experienced ( 2 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$408.270m
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/04 07:03
End of Day Share Price2021/12/03 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.