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MRC

Mineral CommoditiesASX:MRC Stock Report

Market Cap

AU$80.2m

7D

-4.9%

1Y

-57.4%

Updated

20 Oct, 2021

Data

Company Financials
MRC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

MRC Overview

Mineral Commodities Ltd, together with its subsidiaries, engages in the exploration, development, and evaluation of mineral deposits.

Price History & Performance

Summary of all time highs, changes and price drops for Mineral Commodities
Historical stock prices
Current Share PriceAU$0.14
52 Week HighAU$0.14
52 Week LowAU$0.49
Beta0.73
1 Month Change-3.33%
3 Month Change-3.33%
1 Year Change-57.35%
3 Year Change-21.62%
5 Year Change20.83%
Change since IPO-51.67%

Recent News & Updates

Jun 14
Mineral Commodities (ASX:MRC) Seems To Use Debt Quite Sensibly

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...

May 05
Investors Could Be Concerned With Mineral Commodities' (ASX:MRC) Returns On Capital

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...

Shareholder Returns

MRCAU Metals and MiningAU Market
7D-4.9%3.6%1.7%
1Y-57.4%11.3%20.2%

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.

Price Volatility

Is MRC's price volatile compared to industry and market?
MRC volatility
MRC Beta0.73
Industry Beta0.97
Market Beta1

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

FoundedEmployeesCEOWebsite
1970n/aJapie Deyselhttps://www.mineralcommodities.com

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

How do Mineral Commodities's earnings and revenue compare to its market cap?
MRC fundamental statistics
Market CapUS$60.00m
Earnings (TTM)US$8.99m
Revenue (TTM)US$70.03m

6.5x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MRC income statement (TTM)
RevenueUS$70.03m
Cost of RevenueUS$57.73m
Gross ProfitUS$12.30m
ExpensesUS$3.31m
EarningsUS$8.99m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.017
Gross Margin17.56%
Net Profit Margin12.83%
Debt/Equity Ratio4.6%

How did MRC perform over the long term?

See historical performance and comparison

Valuation

Is Mineral Commodities undervalued compared to its fair value and its price relative to the market?

6.45x

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).


Future Growth

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

0.7%

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.


Past Performance

How has Mineral Commodities performed over the past 5 years?

11.0%

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.


Financial Health

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.


Balance Sheet


Dividend

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.


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Japie Deysel

no data

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...


Leadership Team

Experienced Management: MRC's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: MRC's board of directors are not considered experienced ( 1 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 17.6%.


Top Shareholders

Company Information

Mineral Commodities Ltd's employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • Mineral Commodities Ltd
  • 59 Belmont Avenue
  • Unit 2
  • Belmont
  • Western Australia
  • 6104
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 07:04
End of Day Share Price2021/10/20 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.