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MNS

Magnis Energy TechnologiesASX:MNS Stock Report

Market Cap

AU$348.5m

7D

10.3%

1Y

108.3%

Updated

21 Oct, 2021

Data

Company Financials
MNS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

MNS Overview

Magnis Energy Technologies Limited engages in the exploration and development of mineral properties in the United States, Australia, and Tanzania.

Magnis Energy Technologies Competitors

Syrah Resources

ASX:SYR

AU$566.1m

Talga Group

ASX:TLG

AU$473.0m

Price History & Performance

Summary of all time highs, changes and price drops for Magnis Energy Technologies
Historical stock prices
Current Share PriceAU$0.38
52 Week HighAU$0.14
52 Week LowAU$0.49
Beta1.03
1 Month Change20.97%
3 Month Change33.93%
1 Year Change108.33%
3 Year Change27.12%
5 Year Change-46.04%
Change since IPO50.00%

Recent News & Updates

Oct 18
Despite Lacking Profits Magnis Energy Technologies (ASX:MNS) Seems To Be On Top Of Its Debt

Despite Lacking Profits Magnis Energy Technologies (ASX:MNS) Seems To Be On Top Of Its Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...

Shareholder Returns

MNSAU Metals and MiningAU Market
7D10.3%1.8%1.5%
1Y108.3%11.3%21.1%

Return vs Industry: MNS exceeded the Australian Metals and Mining industry which returned 11.3% over the past year.

Return vs Market: MNS exceeded the Australian Market which returned 21.1% over the past year.

Price Volatility

Is MNS's price volatile compared to industry and market?
MNS volatility
MNS Beta1.03
Industry Beta0.97
Market Beta1

Stable Share Price: MNS is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: MNS's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
200516n/ahttps://www.magnis.com.au

Magnis Energy Technologies Limited engages in the exploration and development of mineral properties in the United States, Australia, and Tanzania. It primarily explores for natural flake graphite used in batteries for storing electrical energy. The company holds a 100% interest in the Nachu graphite project located in southeast Tanzania.

Magnis Energy Technologies Fundamentals Summary

How do Magnis Energy Technologies's earnings and revenue compare to its market cap?
MNS fundamental statistics
Market CapAU$348.54m
Earnings (TTM)-AU$11.35m
Revenue (TTM)n/a

0x

P/S Ratio

-30.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MNS income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$11.35m
Earnings-AU$11.35m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.012
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio96.6%

How did MNS perform over the long term?

See historical performance and comparison

Valuation

Is Magnis Energy Technologies undervalued compared to its fair value and its price relative to the market?

6.44x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: MNS is overvalued based on its PB Ratio (6.4x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Magnis Energy Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

0.03%

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 Magnis Energy Technologies 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 Magnis Energy Technologies performed over the past 5 years?

9.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MNS is currently unprofitable.

Growing Profit Margin: MNS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MNS is unprofitable, but has reduced losses over the past 5 years at a rate of 9.5% per year.

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

Earnings vs Industry: MNS 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: MNS has a negative Return on Equity (-24.1%), as it is currently unprofitable.


Financial Health

How is Magnis Energy Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: MNS's short term assets (A$93.0M) exceed its short term liabilities (A$3.9M).

Long Term Liabilities: MNS's short term assets (A$93.0M) exceed its long term liabilities (A$65.2M).


Debt to Equity History and Analysis

Debt Level: MNS's debt to equity ratio (96.6%) is considered high.

Reducing Debt: Insufficient data to determine if MNS's debt to equity ratio has reduced 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: MNS has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MNS has sufficient cash runway for 1.5 years if free cash flow continues to grow at historical rates of 4.5% each year.


Dividend

What is Magnis Energy Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

0.6yrs

Average board tenure


CEO

Magnis Energy Technologies has no CEO, or we have no data on them.


Board Members

Experienced Board: MNS's board of directors are not considered experienced ( 0.6 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: MNS 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 31.5%.


Top Shareholders

Company Information

Magnis Energy Technologies Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Magnis Energy Technologies Limited
  • Ticker: MNS
  • Exchange: ASX
  • Founded: 2005
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$348.538m
  • Shares outstanding: 929.43m
  • Website: https://www.magnis.com.au

Number of Employees


Location

  • Magnis Energy Technologies Limited
  • Aurora Place
  • Suite 9.03, Level 9
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:13
End of Day Share Price2021/10/21 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.