MLX Stock 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$0.45|
|52 Week High||AU$0.48|
|52 Week Low||AU$0.092|
|1 Month Change||18.42%|
|3 Month Change||42.86%|
|1 Year Change||373.68%|
|3 Year Change||15.38%|
|5 Year Change||-31.82%|
|Change since IPO||-78.37%|
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...
|MLX||AU Metals and Mining||AU Market|
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.
|MLX Average Weekly Movement||9.0%|
|Metals and Mining Industry Average Movement||10.4%|
|Market Average Movement||8.4%|
|10% most volatile stocks in AU Market||15.7%|
|10% least volatile stocks in AU Market||3.7%|
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
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|
Is MLX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MLX income statement (TTM)|
|Cost of Revenue||AU$74.65m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.025|
|Net Profit Margin||24.43%|
How did MLX perform over the long term?See historical performance and comparison
Is Metals X undervalued compared to its fair value and its price relative to the market?
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).
How is Metals X forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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
How has Metals X performed over the past 5 years?
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.
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).
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Metals X has no CEO, or we have no data on them.
Experienced Management: MLX's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Experienced Board: MLX's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Metals X Limited's employee growth, exchange listings and data sources
- 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
- Metals X Limited
- 197 St Georges Terrace
- Level 5
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/12/04 07:03|
|End of Day Share Price||2021/12/03 00:00|
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.