company background image
MR1

Montem ResourcesASX:MR1 Stock Report

Market Cap

AU$18.3m

7D

82.2%

1Y

-53.1%

Updated

22 Oct, 2021

Data

Company Financials
MR1 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

MR1 Overview

Montem Resources Limited operates as a steelmaking coal development company in Canada.

Price History & Performance

Summary of all time highs, changes and price drops for Montem Resources
Historical stock prices
Current Share PriceAU$0.082
52 Week HighAU$0.02
52 Week LowAU$0.29
Beta0
1 Month Change92.94%
3 Month Change86.36%
1 Year Change-53.14%
3 Year Changen/a
5 Year Changen/a
Change since IPO-67.20%

Recent News & Updates

Dec 15
Have Insiders Been Buying Montem Resources Limited (ASX:MR1) Shares?

Have Insiders Been Buying Montem Resources Limited (ASX:MR1) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...

Shareholder Returns

MR1AU Metals and MiningAU Market
7D82.2%-0.3%0.7%
1Y-53.1%12.5%21.4%

Return vs Industry: MR1 underperformed the Australian Metals and Mining industry which returned 12.5% over the past year.

Return vs Market: MR1 underperformed the Australian Market which returned 21.4% over the past year.

Price Volatility

Is MR1's price volatile compared to industry and market?
MR1 volatility
MR1 Beta0
Industry Beta0.97
Market Beta1

Stable Share Price: MR1 is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 29% a week.

Volatility Over Time: MR1's weekly volatility has increased from 22% to 29% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2017n/aPeter Doylehttps://montem-resources.com

Montem Resources Limited operates as a steelmaking coal development company in Canada. It owns interests in the Tent Mountain mine re-start project; Chinook project; and Greenfield projects comprising Isola, 4-Stack, and Oldman properties, which are located in the Crowsnest Pass area of southwest Alberta and southeast British Columbia. The company was incorporated in 2017 and is based in South Melbourne, Australia.

Montem Resources Fundamentals Summary

How do Montem Resources's earnings and revenue compare to its market cap?
MR1 fundamental statistics
Market CapAU$18.27m
Earnings (TTM)-AU$2.98m
Revenue (TTM)n/a

0x

P/S Ratio

-6.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MR1 income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$2.98m
Earnings-AU$2.98m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.013
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.2%

How did MR1 perform over the long term?

See historical performance and comparison

Valuation

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

0.68x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MR1's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MR1's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MR1 is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: MR1 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 MR1's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MR1 is good value based on its PB Ratio (0.7x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.07%

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 Montem 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 Montem Resources performed over the past 5 years?

-17.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MR1 is currently unprofitable.

Growing Profit Margin: MR1 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MR1 is unprofitable, and losses have increased over the past 5 years at a rate of 17.5% per year.

Accelerating Growth: Unable to compare MR1's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MR1 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: MR1 has a negative Return on Equity (-10.51%), as it is currently unprofitable.


Financial Health

How is Montem Resources's financial position?


Financial Position Analysis

Short Term Liabilities: MR1's short term assets (A$5.1M) exceed its short term liabilities (A$743.9K).

Long Term Liabilities: MR1's short term assets (A$5.1M) exceed its long term liabilities (A$169.6K).


Debt to Equity History and Analysis

Debt Level: MR1's debt to equity ratio (0.2%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if MR1'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: MR1 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MR1 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 18.1% each year


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MR1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MR1'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 MR1's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MR1'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 MR1'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?

3.5yrs

Average board tenure


CEO

Peter Doyle

no data

Tenure

AU$917,278

Compensation

Mr. Peter Charles Doyle, BSc. (Geology) MBA, serves as Chief Executive Officer at Montem Resources Limited and has been its Director since December 5, 2017 and its Managing Director since January 2018. Mr....


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD686.95K) is above average for companies of similar size in the Australian market ($USD303.33K).

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


Board Members

Experienced Board: MR1's board of directors are considered experienced (3.5 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 diluted in the past year, with total shares outstanding growing by 15.6%.


Top Shareholders

Company Information

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


Key Information

  • Name: Montem Resources Limited
  • Ticker: MR1
  • Exchange: ASX
  • Founded: 2017
  • Industry: Steel
  • Sector: Materials
  • Market Cap: AU$18.267m
  • Shares outstanding: 234.20m
  • Website: https://montem-resources.com

Location

  • Montem Resources Limited
  • 100 Albert Road
  • Level 4
  • South Melbourne
  • Victoria
  • 3205
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 07:05
End of Day Share Price2021/10/22 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.