company background image
MMI

Metro MiningASX:MMI Stock Report

Market Cap

AU$68.7m

7D

15.0%

1Y

-65.7%

Updated

26 Oct, 2021

Data

Company Financials +
MMI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance0/6
Financial Health1/6
Dividends0/6

MMI Overview

Metro Mining Limited operates as an exploration and mining company in Australia and China.

Price History & Performance

Summary of all time highs, changes and price drops for Metro Mining
Historical stock prices
Current Share PriceAU$0.023
52 Week HighAU$0.014
52 Week LowAU$0.076
Beta0.25
1 Month Change43.75%
3 Month Change53.33%
1 Year Change-65.67%
3 Year Change-84.14%
5 Year Change-81.60%
Change since IPO-86.47%

Recent News & Updates

Sep 02
Is Metro Mining (ASX:MMI) Using Too Much Debt?

Is Metro Mining (ASX:MMI) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Shareholder Returns

MMIAU Metals and MiningAU Market
7D15.0%-0.4%0.8%
1Y-65.7%15.6%24.4%

Return vs Industry: MMI underperformed the Australian Metals and Mining industry which returned 15.6% over the past year.

Return vs Market: MMI underperformed the Australian Market which returned 24.4% over the past year.

Price Volatility

Is MMI's price volatile compared to industry and market?
MMI volatility
MMI Beta0.25
Industry Beta0.97
Market Beta1

Stable Share Price: MMI is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: MMI's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2006n/aSimon Wensleyhttps://www.metromining.com.au

Metro Mining Limited operates as an exploration and mining company in Australia and China. The company explores for coal and bauxite ores. Its flagship project is the Bauxite Hills Mine property covering an area of approximately 1,900 square kilometers located to the north of Weipa on Western Cape York.

Metro Mining Fundamentals Summary

How do Metro Mining's earnings and revenue compare to its market cap?
MMI fundamental statistics
Market CapAU$68.74m
Earnings (TTM)-AU$92.69m
Revenue (TTM)AU$93.57m

0.7x

P/S Ratio

-0.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MMI income statement (TTM)
RevenueAU$93.57m
Cost of RevenueAU$111.08m
Gross Profit-AU$17.51m
ExpensesAU$75.17m
Earnings-AU$92.69m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.031
Gross Margin-18.72%
Net Profit Margin-99.05%
Debt/Equity Ratio101.7%

How did MMI perform over the long term?

See historical performance and comparison

Valuation

Is Metro Mining 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: MMI (A$0.02) is trading below our estimate of fair value (A$0.69)

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


Price To Earnings Ratio

PE vs Industry: MMI is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: MMI is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MMI is good value based on its PB Ratio (1.9x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Metro Mining forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

99.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MMI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: MMI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MMI's is expected to become profitable in the next 3 years.

Revenue vs Market: MMI's revenue (23.2% per year) is forecast to grow faster than the Australian market (5.3% per year).

High Growth Revenue: MMI's revenue (23.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MMI's Return on Equity is forecast to be low in 3 years time (13.2%).


Past Performance

How has Metro Mining performed over the past 5 years?

-46.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MMI is currently unprofitable.

Growing Profit Margin: MMI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MMI is unprofitable, and losses have increased over the past 5 years at a rate of 46.2% per year.

Accelerating Growth: Unable to compare MMI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MMI is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: MMI has a negative Return on Equity (-259.05%), as it is currently unprofitable.


Financial Health

How is Metro Mining's financial position?


Financial Position Analysis

Short Term Liabilities: MMI's short term assets (A$27.3M) do not cover its short term liabilities (A$38.2M).

Long Term Liabilities: MMI's short term assets (A$27.3M) do not cover its long term liabilities (A$55.8M).


Debt to Equity History and Analysis

Debt Level: MMI's debt to equity ratio (101.7%) is considered high.

Reducing Debt: MMI's debt to equity ratio has increased from 3.2% to 101.7% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MMI has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if MMI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Metro Mining current dividend yield, its reliability and sustainability?

43.48%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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

3.8yrs

Average board tenure


CEO

Simon Wensley

0.25

Tenure

Mr. Simon Wensley has been Managing Director and Chief Executive Officer at Metro Mining Limited since July 05, 2021. He serves as Director at Metro Mining Limited since May 25, 2021. He served as Chief Co...


Board Members

Experienced Board: MMI's board of directors are considered experienced (3.8 years average tenure).


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 been substantially diluted in the past year, with total shares outstanding growing by 115.2%.


Top Shareholders

Company Information

Metro Mining Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Metro Mining Limited
  • Ticker: MMI
  • Exchange: ASX
  • Founded: 2006
  • Industry: Aluminum
  • Sector: Materials
  • Market Cap: AU$68.742m
  • Shares outstanding: 2.99b
  • Website: https://www.metromining.com.au

Location

  • Metro Mining Limited
  • 247 Adelaide Street
  • Level 2
  • Brisbane
  • Queensland
  • 4000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:24
End of Day Share Price2021/10/26 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.