MMI Stock Overview
Metro Mining Limited, together with its subsidiaries, operates as an exploration and mining company in Australia and China.
Metro Mining Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.022|
|52 Week High||AU$0.039|
|52 Week Low||AU$0.014|
|1 Month Change||4.76%|
|3 Month Change||0%|
|1 Year Change||46.67%|
|3 Year Change||-80.87%|
|5 Year Change||-86.67%|
|Change since IPO||-87.06%|
Recent News & Updates
Is Metro Mining (ASX:MMI) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
|MMI||AU Metals and Mining||AU Market|
Return vs Industry: MMI exceeded the Australian Metals and Mining industry which returned -2.2% over the past year.
Return vs Market: MMI exceeded the Australian Market which returned -4.8% over the past year.
|MMI Average Weekly Movement||19.1%|
|Metals and Mining Industry Average Movement||12.3%|
|Market Average Movement||10.6%|
|10% most volatile stocks in AU Market||17.8%|
|10% least volatile stocks in AU Market||4.6%|
Stable Share Price: MMI is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 19% a week.
Volatility Over Time: MMI's weekly volatility (19%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
Metro Mining Limited, together with its subsidiaries, 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
|MMI fundamental statistics|
Is MMI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MMI income statement (TTM)|
|Cost of Revenue||AU$188.25m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.028|
|Net Profit Margin||-65.88%|
How did MMI perform over the long term?See historical performance and comparison
Is MMI undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MMI?
Other financial metrics that can be useful for relative valuation.
|What is MMI's n/a Ratio?|
Price to Sales Ratio vs Peers
How does MMI's PS Ratio compare to its peers?
|MMI PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
MLG MLG Oz
WMC Wiluna Mining
TI1 Tombador Iron
MMI Metro Mining
Price-To-Sales vs Peers: MMI is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (2.7x).
Price to Earnings Ratio vs Industry
How does MMI's PE Ratio compare vs other companies in the AU Metals and Mining Industry?
Price-To-Sales vs Industry: MMI is good value based on its Price-To-Sales Ratio (0.5x) compared to the Australian Metals and Mining industry average (42.3x)
Price to Sales Ratio vs Fair Ratio
What is MMI's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||0.5x|
|Fair PS Ratio||0.5x|
Price-To-Sales vs Fair Ratio: MMI is expensive based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).
Share Price vs Fair Value
What is the Fair Price of MMI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MMI (A$0.02) is trading below our estimate of fair value (A$1.38)
Significantly Below Fair Value: MMI is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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How is Metro Mining forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 (1.8%).
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 is expected to become profitable in the next 3 years.
Revenue vs Market: MMI's revenue (11.9% per year) is forecast to grow faster than the Australian market (6.2% per year).
High Growth Revenue: MMI's revenue (11.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MMI's Return on Equity is forecast to be very high in 3 years time (54.2%).
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How has Metro Mining performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
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 62.2% 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 (57%).
Return on Equity
High ROE: MMI has a negative Return on Equity (-251.23%), as it is currently unprofitable.
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How is Metro Mining's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: MMI's short term assets (A$40.6M) do not cover its short term liabilities (A$46.9M).
Long Term Liabilities: MMI's short term assets (A$40.6M) do not cover its long term liabilities (A$63.4M).
Debt to Equity History and Analysis
Debt Level: MMI's net debt to equity ratio (52.1%) is considered high.
Reducing Debt: MMI's debt to equity ratio has reduced from 147.6% to 85.2% over the past 5 years.
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 less than a year of cash runway 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.
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What is Metro Mining current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
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.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as MMI has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management 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...
CEO Compensation Analysis
Compensation vs Market: Simon's total compensation ($USD379.90K) is above average for companies of similar size in the Australian market ($USD283.14K).
Compensation vs Earnings: Insufficient data to compare Simon's compensation with company performance.
Experienced Management: MMI's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.
Experienced Board: MMI's board of directors are not considered experienced ( 1.3 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 been substantially diluted in the past year, with total shares outstanding growing by 52.6%.
Metro Mining Limited's employee growth, exchange listings and data sources
- Name: Metro Mining Limited
- Ticker: MMI
- Exchange: ASX
- Founded: 2006
- Industry: Aluminum
- Sector: Materials
- Implied Market Cap: AU$82.191m
- Shares outstanding: 3.74b
- Website: https://www.metromining.com.au
- Metro Mining Limited
- 247 Adelaide Street
- Level 2
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/18 00:00|
|End of Day Share Price||2022/08/18 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.