Mineral Commodities Ltd, together with its subsidiaries, engages in the exploration, development, and evaluation of mineral deposits.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.14|
|52 Week High||AU$0.14|
|52 Week Low||AU$0.49|
|1 Month Change||-3.33%|
|3 Month Change||-3.33%|
|1 Year Change||-57.35%|
|3 Year Change||-21.62%|
|5 Year Change||20.83%|
|Change since IPO||-51.67%|
Recent News & Updates
Mineral Commodities (ASX:MRC) Seems To Use Debt Quite Sensibly
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Investors Could Be Concerned With Mineral Commodities' (ASX:MRC) Returns On Capital
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...
|MRC||AU Metals and Mining||AU Market|
Return vs Industry: MRC underperformed the Australian Metals and Mining industry which returned 11.3% over the past year.
Return vs Market: MRC underperformed the Australian Market which returned 20.2% over the past year.
Stable Share Price: MRC is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: MRC's weekly volatility (8%) has been stable over the past year.
About the Company
Mineral Commodities Ltd, together with its subsidiaries, engages in the exploration, development, and evaluation of mineral deposits. The company produces zircon, rutile, garnet, and ilmenite concentrates. It is also involved in graphite mining and processing activities.
Mineral Commodities Fundamentals Summary
|MRC fundamental statistics|
Is MRC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MRC income statement (TTM)|
|Cost of Revenue||US$57.73m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.017|
|Net Profit Margin||12.83%|
How did MRC perform over the long term?See historical performance and comparison
Is Mineral Commodities undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MRC (A$0.15) is trading above our estimate of fair value (A$0.05)
Significantly Below Fair Value: MRC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MRC is good value based on its PE Ratio (6.5x) compared to the Australian Metals and Mining industry average (14.3x).
PE vs Market: MRC is good value based on its PE Ratio (6.5x) compared to the Australian market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MRC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MRC is good value based on its PB Ratio (0.9x) compared to the AU Metals and Mining industry average (2.6x).
How is Mineral Commodities forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Mineral Commodities 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.
How has Mineral Commodities performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MRC has a large one-off gain of $6.0M impacting its June 30 2021 financial results.
Growing Profit Margin: MRC's current net profit margins (12.8%) are lower than last year (14.2%).
Past Earnings Growth Analysis
Earnings Trend: MRC's earnings have grown by 11% per year over the past 5 years.
Accelerating Growth: MRC's earnings growth over the past year (30.4%) exceeds its 5-year average (11% per year).
Earnings vs Industry: MRC earnings growth over the past year (30.4%) underperformed the Metals and Mining industry 35.3%.
Return on Equity
High ROE: MRC's Return on Equity (13.7%) is considered low.
How is Mineral Commodities's financial position?
Financial Position Analysis
Short Term Liabilities: MRC's short term assets ($28.1M) exceed its short term liabilities ($19.6M).
Long Term Liabilities: MRC's short term assets ($28.1M) exceed its long term liabilities ($13.3M).
Debt to Equity History and Analysis
Debt Level: MRC's debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: MRC's debt to equity ratio has reduced from 17.7% to 4.6% over the past 5 years.
Debt Coverage: MRC's debt is well covered by operating cash flow (500.7%).
Interest Coverage: MRC earns more interest than it pays, so coverage of interest payments is not a concern.
What is Mineral Commodities's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MRC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MRC'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 MRC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MRC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MRC is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MRC's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Jacob Deysel serves as the Chief Executive Officer at Mineral Commodities Ltd since October 4, 2021. He has substantial executive, mining, and project development experience, having held senior executi...
Experienced Management: MRC's management team is considered experienced (2.3 years average tenure).
Experienced Board: MRC's board of directors are not considered experienced ( 1 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 diluted in the past year, with total shares outstanding growing by 17.6%.
Mineral Commodities Ltd's employee growth, exchange listings and data sources
- Name: Mineral Commodities Ltd
- Ticker: MRC
- Exchange: ASX
- Founded: 1970
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$80.249m
- Shares outstanding: 534.99m
- Website: https://www.mineralcommodities.com
- Mineral Commodities Ltd
- 59 Belmont Avenue
- Unit 2
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 07:04|
|End of Day Share Price||2021/10/20 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.