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MR1

Montem Resources ASX:MR1 Stock Report

Last Price

AU$0.04

Market Cap

AU$11.7m

7D

0%

1Y

-4.8%

Updated

15 Aug, 2022

Data

Company Financials
MR1 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

MR1 Stock Overview

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

Montem Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Montem Resources
Historical stock prices
Current Share PriceAU$0.04
52 Week HighAU$0.11
52 Week LowAU$0.022
Beta0
1 Month Change25.00%
3 Month Change33.33%
1 Year Change-4.76%
3 Year Changen/a
5 Year Changen/a
Change since IPO-84.00%

Recent News & Updates

Shareholder Returns

MR1AU Metals and MiningAU Market
7D0%3.1%0.7%
1Y-4.8%-14.4%-8.5%

Return vs Industry: MR1 exceeded the Australian Metals and Mining industry which returned -14.4% over the past year.

Return vs Market: MR1 exceeded the Australian Market which returned -8.5% over the past year.

Price Volatility

Is MR1's price volatile compared to industry and market?
MR1 volatility
MR1 Average Weekly Movement12.6%
Metals and Mining Industry Average Movement12.4%
Market Average Movement10.6%
10% most volatile stocks in AU Market18.1%
10% least volatile stocks in AU Market4.6%

Stable Share Price: MR1 is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: MR1's weekly volatility has decreased from 20% to 13% over the past year.

About the Company

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

Montem Resources Limited operates as a steelmaking coal and renewable energy 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. Montem Resources Limited 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$11.71m
Earnings (TTM)-AU$14.06m
Revenue (TTM)n/a

0.0x

P/S Ratio

-0.8x

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
Other ExpensesAU$14.06m
Earnings-AU$14.06m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.048
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.2%

How did MR1 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is MR1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MR1?

Other financial metrics that can be useful for relative valuation.

MR1 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-2.1x
PEG Ration/a

Price to Book Ratio vs Peers

How does MR1's PB Ratio compare to its peers?

MR1 PB Ratio vs Peers
The above table shows the PB ratio for MR1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average2x
AKO AKORA Resources
1.7xn/aAU$11.8m
FRB Firebird Metals
2.5xn/aAU$11.5m
NCR NuCoal Resources
2.4xn/aAU$8.5m
KFE Kogi Iron
1.2xn/aAU$8.1m
MR1 Montem Resources
0.7xn/aAU$11.7m

Price-To-Book vs Peers: MR1 is good value based on its Price-To-Book Ratio (0.7x) compared to the peer average (2x).


Price to Earnings Ratio vs Industry

How does MR1's PE Ratio compare vs other companies in the AU Metals and Mining Industry?

Price-To-Book vs Industry: MR1 is good value based on its Price-To-Book Ratio (0.7x) compared to the Australian Metals and Mining industry average (2.1x)


Price to Book Ratio vs Fair Ratio

What is MR1's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MR1 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.7x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate MR1's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of MR1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate MR1's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate MR1's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-8.2%

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 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.


Discover growth companies

  • Take a look at our analysis of MR1’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Montem Resources competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Montem Resources performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-33.5%

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 33.5% 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 (57.3%).


Return on Equity

High ROE: MR1 has a negative Return on Equity (-78.73%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Montem Resources's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: MR1's short term assets (A$3.9M) exceed its short term liabilities (A$680.0K).

Long Term Liabilities: MR1's short term assets (A$3.9M) exceed its long term liabilities (A$72.0K).


Debt to Equity History and Analysis

Debt Level: MR1 has more cash than its total debt.

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 12.6% each year


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

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.


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 MR1 has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average board tenure


CEO

Peter Doyle

no data

Tenure

AU$445,834

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 ($USD316.67K) is about average for companies of similar size in the Australian market ($USD285.38K).

Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: MR1's board of directors are considered experienced (4.3 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 25%.


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
  • Implied Market Cap: AU$11.710m
  • Shares outstanding: 292.75m
  • Website: https://montem-resources.com

Location

  • Montem Resources Limited
  • 100 Albert Road
  • Level 4
  • 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 Analysis2022/08/15 00:00
End of Day Share Price2022/07/20 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.