MM1

Midas MineralsASX:MM1 Stock Report

Market Cap

AU$12.2m

7D

11.8%

1Y

n/a

Updated

15 Oct, 2021

Data

Company Financials
MM1 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

MM1 Overview

Midas Minerals Limited engages in exploration and evaluation of mineral resources.

Price History & Performance

Summary of all time highs, changes and price drops for Midas Minerals
Historical stock prices
Current Share PriceAU$0.19
52 Week HighAU$0.17
52 Week LowAU$0.29
Beta0
1 Month Change-5.00%
3 Month Changen/a
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO0%

Recent News & Updates

Shareholder Returns

MM1AU Metals and MiningAU Market
7D11.8%2.4%0.1%
1Yn/a10.1%19.3%

Return vs Industry: Insufficient data to determine how MM1 performed against the Australian Metals and Mining industry.

Return vs Market: Insufficient data to determine how MM1 performed against the Australian Market.

Price Volatility

Is MM1's price volatile compared to industry and market?
MM1 volatility
MM1 Beta0
Industry Beta0.97
Market Beta1

Stable Share Price: Insufficient data to determine MM1's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine MM1's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2018n/an/ahttps://www.midasminerals.com

Midas Minerals Limited engages in exploration and evaluation of mineral resources. The company primarily explores for gold and base metals in the Eastern Goldfields of Western Australia. Its projects include the Weebo gold project covering 198 square kilometers located near Leinster, Western Australia; the Challa project, which consists of 2 exploration licenses and 3 license applications covering 860 square kilometers located to the east of Mt Magnet in Western Australia; and the Sunset project that includes a single prospecting license covering 1.2 square kilometers located to the north-east of Leonora.

Midas Minerals Fundamentals Summary

How do Midas Minerals's earnings and revenue compare to its market cap?
MM1 fundamental statistics
Market CapAU$12.16m
Earnings (TTM)AU$361.07k
Revenue (TTM)n/a

33.7x

P/E Ratio

0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MM1 income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
Expenses-AU$361.07k
EarningsAU$361.07k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0056
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did MM1 perform over the long term?

See historical performance and comparison

Valuation

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

33.69x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MM1's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MM1's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MM1 is poor value based on its PE Ratio (33.7x) compared to the Australian Metals and Mining industry average (14.5x).

PE vs Market: MM1 is poor value based on its PE Ratio (33.7x) compared to the Australian market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MM1's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MM1 is overvalued based on its PB Ratio (4x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

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

0.01%

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 Midas Minerals 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 Midas Minerals performed over the past 5 years?

23.6%

Historical Materials annual earnings growth


Earnings and Revenue History

Quality Earnings: MM1 has a high level of non-cash earnings.

Growing Profit Margin: MM1 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MM1 has become profitable over the past 5 years.

Accelerating Growth: MM1 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MM1 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: MM1's Return on Equity (12%) is considered low.


Financial Health

How is Midas Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: MM1's short term assets (A$2.6M) exceed its short term liabilities (A$245.8K).

Long Term Liabilities: MM1 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: MM1 is debt free.

Reducing Debt: MM1 has not had any debt for past 5 years.

Debt Coverage: MM1 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MM1 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Midas Minerals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MM1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MM1'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 MM1's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MM1'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 MM1'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?

3.6yrs

Average board tenure


CEO

Midas Minerals has no CEO, or we have no data on them.


Board Members

Experienced Board: MM1's board of directors are considered experienced (3.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MM1 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: MM1 only recently listed within the past 12 months.


Top Shareholders

Company Information

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


Key Information

  • Name: Midas Minerals Limited
  • Ticker: MM1
  • Exchange: ASX
  • Founded: 2018
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$12.156m
  • Shares outstanding: 63.98m
  • Website: https://www.midasminerals.com

Location

  • Midas Minerals Limited
  • 24 Outram Street
  • Ground Floor
  • 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 Analysis2021/10/15 07:03
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.