Executive Summary
Mineral Commodities Ltd explores for and develops mineral resources in South Africa and Australia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with moderate growth potential.
Share Price & News
How has Mineral Commodities's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
Market Performance
7 Day Return
-7.1%
MRC
-2.5%
AU Metals and Mining
0.1%
AU Market
1 Year Return
30.0%
MRC
26.4%
AU Metals and Mining
-1.6%
AU Market
Return vs Industry: MRC exceeded the Australian Metals and Mining industry which returned 26.4% over the past year.
Return vs Market: MRC exceeded the Australian Market which returned -1.6% over the past year.
Shareholder returns
| MRC | Industry | Market | |
|---|---|---|---|
| 7 Day | -7.1% | -2.5% | 0.1% |
| 30 Day | 11.4% | 10.1% | 2.3% |
| 90 Day | 14.7% | 21.4% | 9.8% |
| 1 Year | 30.0%30.0% | 33.2%26.4% | 1.7%-1.6% |
| 3 Year | 232.6%188.9% | 70.2%46.6% | 25.7%10.1% |
| 5 Year | 455.3%290.0% | 294.1%221.6% | 70.7%37.2% |
Long-Term Price Volatility Vs. Market
How volatile is Mineral Commodities's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
How Much Of Mineral Commodities Ltd (ASX:MRC) Do Insiders Own?3 weeks ago | Simply Wall St
We're Not So Sure You Should Rely on Mineral Commodities's (ASX:MRC) Statutory Earnings1 month ago | Simply Wall St
Returns On Capital At Mineral Commodities (ASX:MRC) Paint An Interesting PictureValuation
Is Mineral Commodities undervalued compared to its fair value and its price relative to the market?
18.59x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate MRC's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate MRC's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: MRC is poor value based on its PE Ratio (18.6x) compared to the AU Metals and Mining industry average (13.2x).
PE vs Market: MRC is good value based on its PE Ratio (18.6x) compared to the Australian market (22.4x).
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 overvalued based on its PB Ratio (2.9x) compared to the AU Metals and Mining industry average (2.7x).
Next Steps
Future Growth
How is Mineral Commodities forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
35.1%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if MRC's forecast earnings growth is above the savings rate (2%).
Earnings vs Market: Insufficient data to determine if MRC's earnings are forecast to grow faster than the Australian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MRC's revenue (35.1% per year) is forecast to grow faster than the Australian market (5% per year).
High Growth Revenue: MRC's revenue (35.1% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MRC's Return on Equity is forecast to be high in 3 years time (38.8%)
Next Steps
Past Performance
How has Mineral Commodities performed over the past 5 years?
-0.07%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MRC has a high level of non-cash earnings.
Growing Profit Margin: MRC's current net profit margins (14.2%) are lower than last year (25.5%).
Past Earnings Growth Analysis
Earnings Trend: MRC's earnings have declined by 0.07% per year over the past 5 years.
Accelerating Growth: MRC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MRC had negative earnings growth (-52.9%) over the past year, making it difficult to compare to the Metals and Mining industry average (38%).
Return on Equity
High ROE: MRC's Return on Equity (14.6%) is considered low.
Next Steps
Financial Health
How is Mineral Commodities's financial position?
Financial Position Analysis
Short Term Liabilities: MRC's short term assets ($50.7M) exceed its short term liabilities ($38.2M).
Long Term Liabilities: MRC's short term assets ($50.7M) exceed its long term liabilities ($6.9M).
Debt to Equity History and Analysis
Debt Level: MRC's debt to equity ratio (7.5%) is considered satisfactory.
Reducing Debt: MRC's debt to equity ratio has reduced from 8.1% to 7.5% over the past 5 years.
Debt Coverage: MRC's debt is not well covered by operating cash flow (14.7%).
Interest Coverage: MRC's interest payments on its debt are well covered by EBIT (24.4x coverage).
Balance Sheet
Next Steps
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?
2.7yrs
Average management tenure
CEO
Mark Caruso (58 yo)
6.33yrs
Tenure
US$1,284,929
Compensation
Mr. Mark Victor Caruso has been the Chief Executive Officer at Mineral Commodities Limited since September 12, 2014. Mr. Caruso serves as the Chief Executive Officer, Executive Chairman, Executive Chairman...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD702.72K) is above average for companies of similar size in the Australian market ($USD295.31K).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 6.33yrs | US$1.28m | 0.45% $ 776.1k | |
| Chief Financial Officer | 1.58yrs | US$341.64k | no data | |
| Technical Services Manager | 3.33yrs | US$403.88k | no data | |
| Group Legal Counsel | 2.67yrs | US$317.08k | no data | |
| Exploration Manager | 1.33yrs | US$281.34k | no data | |
| Non-Executive Director & Company Secretary | 10.75yrs | US$150.00k | 0.22% $ 380.0k | |
| Chief Operating Officer of Graphite & Anode (Europe) | 0.17yr | no data | no data |
2.7yrs
Average Tenure
Experienced Management: MRC's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Non-Executive Director & Company Secretary | 10.75yrs | US$150.00k | 0.22% $ 380.0k | |
| Independent Non-Executive Director | 1.42yrs | US$22.92k | no data | |
| Independent Non-Executive Director | 1.42yrs | US$22.50k | no data | |
| Independent Non-Executive Chairman | 0.25yr | US$22.92k | 0.055% $ 95.0k |
1.4yrs
Average Tenure
64.5yo
Average Age
Experienced Board: MRC's board of directors are not considered experienced ( 1.4 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: MRC 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 8.3%.
Top Shareholders
Company Information
Mineral Commodities Ltd's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Mineral Commodities Ltd
- Ticker: MRC
- Exchange: ASX
- Founded:
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$173.372m
- Shares outstanding: 456.24m
- Website: https://www.mineralcommodities.com
Location
- Mineral Commodities Ltd
- 39-43 Murray Road North
- Welshpool
- Western Australia
- 6106
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MRC | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| MRC | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| 58M | BST (Boerse-Stuttgart) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
Biography
Mineral Commodities Ltd explores for and develops mineral resources in South Africa and Australia. The company produces zircon, rutile, garnet, and ilmenite concentrates. It is also involved in graphite mi...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/15 07:03 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.