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MNB

Minbos ResourcesASX:MNB Stock Report

Market Cap

AU$76.7m

7D

29.6%

1Y

250.0%

Updated

19 Oct, 2021

Data

Company Financials
MNB fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

MNB Overview

Minbos Resources Limited, an exploration and development company, focuses on the mineral projects in Madagascar and the Republic of Angola.

Price History & Performance

Summary of all time highs, changes and price drops for Minbos Resources
Historical stock prices
Current Share PriceAU$0.17
52 Week HighAU$0.02
52 Week LowAU$0.17
Beta0.55
1 Month Change20.69%
3 Month Change105.88%
1 Year Change250.00%
3 Year Change775.00%
5 Year Change75.00%
Change since IPO-95.51%

Recent News & Updates

Oct 13
Here's Why We're Not Too Worried About Minbos Resources' (ASX:MNB) Cash Burn Situation

Here's Why We're Not Too Worried About Minbos Resources' (ASX:MNB) Cash Burn Situation

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Shareholder Returns

MNBAU Metals and MiningAU Market
7D29.6%3.9%1.7%
1Y250.0%13.3%20.3%

Return vs Industry: MNB exceeded the Australian Metals and Mining industry which returned 13.3% over the past year.

Return vs Market: MNB exceeded the Australian Market which returned 20.3% over the past year.

Price Volatility

Is MNB's price volatile compared to industry and market?
MNB volatility
MNB Beta0.55
Industry Beta0.97
Market Beta1

Stable Share Price: MNB is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: MNB's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2009n/aLindsay Reedhttps://minbos.com

Minbos Resources Limited, an exploration and development company, focuses on the mineral projects in Madagascar and the Republic of Angola. The company explores for phosphate and rare earth element deposits. It primarily holds interest in the Cabinda phosphate project located in the Cabinda Province, the Republic of Angola.

Minbos Resources Fundamentals Summary

How do Minbos Resources's earnings and revenue compare to its market cap?
MNB fundamental statistics
Market CapAU$76.73m
Earnings (TTM)-AU$4.16m
Revenue (TTM)AU$2.10k

0x

P/S Ratio

-19.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MNB income statement (TTM)
RevenueAU$2.10k
Cost of RevenueAU$0
Gross ProfitAU$2.10k
ExpensesAU$4.16m
Earnings-AU$4.16m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0089
Gross Margin100.00%
Net Profit Margin-198,109.81%
Debt/Equity Ratio0.0%

How did MNB perform over the long term?

See historical performance and comparison

Valuation

Is Minbos Resources undervalued compared to its fair value and its price relative to the market?

10.78x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: MNB 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 MNB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MNB is overvalued based on its PB Ratio (10.8x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

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

-0.2%

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 Minbos Resources 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 Minbos Resources performed over the past 5 years?

9.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MNB is currently unprofitable.

Growing Profit Margin: MNB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MNB is unprofitable, but has reduced losses over the past 5 years at a rate of 9.9% per year.

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

Earnings vs Industry: MNB 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: MNB has a negative Return on Equity (-55.07%), as it is currently unprofitable.


Financial Health

How is Minbos Resources's financial position?


Financial Position Analysis

Short Term Liabilities: MNB's short term assets (A$6.9M) exceed its short term liabilities (A$313.1K).

Long Term Liabilities: MNB has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: MNB is debt free.

Reducing Debt: MNB has not had any debt for 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: MNB has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MNB has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 5.5% each year


Dividend

What is Minbos Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

3.7yrs

Average management tenure


CEO

Lindsay Reed (59 yo)

7.08yrs

Tenure

AU$682,751

Compensation

Mr. Lindsay George Reed, BE (Mining), MBA, MAusIMM, MAICD has been the Chief Executive Officer of Minbos Resources Limited since September 1, 2014. Mr. Reed has 30 years of experience in the resource secto...


CEO Compensation Analysis

Compensation vs Market: Lindsay's total compensation ($USD506.00K) is above average for companies of similar size in the Australian market ($USD301.95K).

Compensation vs Earnings: Lindsay's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: MNB's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: MNB's board of directors are not considered experienced ( 0.8 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 been diluted in the past year, with total shares outstanding growing by 43%.


Top Shareholders

Company Information

Minbos Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Minbos Resources Limited
  • Ticker: MNB
  • Exchange: ASX
  • Founded: 2009
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$76.730m
  • Shares outstanding: 465.03m
  • Website: https://minbos.com

Location

  • Minbos Resources Limited
  • 245 Churchill Avenue
  • Suite 1
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 07:03
End of Day Share Price2021/10/19 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.