ASX:MRC

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Mineral Commodities

Executive Summary

Mineral Commodities Ltd explores for and develops mineral resources in South Africa and Australia. More Details


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

10.0%

MRC

-1.7%

AU Metals and Mining

-0.3%

AU Market


1 Year Return

46.7%

MRC

21.8%

AU Metals and Mining

-2.7%

AU Market

Return vs Industry: MRC exceeded the Australian Metals and Mining industry which returned 21.8% over the past year.

Return vs Market: MRC exceeded the Australian Market which returned -2.7% over the past year.


Shareholder returns

MRCIndustryMarket
7 Day10.0%-1.7%-0.3%
30 Day18.9%5.1%0.7%
90 Day29.4%20.5%9.1%
1 Year46.7%46.7%28.4%21.8%0.6%-2.7%
3 Year289.6%238.5%69.9%46.1%25.3%9.8%
5 Year526.5%340.0%271.9%204.7%65.4%32.0%

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

Valuation

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

20.7x

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 (20.7x) compared to the AU Metals and Mining industry average (13.5x).

PE vs Market: MRC is good value based on its PE Ratio (20.7x) compared to the Australian market (22.7x).


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 overvalued based on its PB Ratio (3.3x) compared to the AU Metals and Mining industry average (2.8x).


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 (5.1% 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$902,718

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 ($USD902.72K) is above average for companies of similar size in the Australian market ($USD294.50K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Mark Caruso
Chief Executive Officer6.33yrsUS$902.72k0.45%
$ 776.1k
Adam Bick
Chief Financial Officer1.58yrsUS$240.02kno data
Surinder Ghag
Technical Services Manager3.33yrsUS$283.75kno data
Fletcher Hancock
Group Legal Counsel2.67yrsUS$222.76kno data
Bahman Rashidi
Exploration Manager1.33yrsUS$197.66kno data
Peter Torre
Non-Executive Director & Company Secretary10.75yrsUS$105.38k0.22%
$ 380.0k
Christoph Frey
Chief Operating Officer of Graphite & Anode (Europe)0.17yrno datano data

2.7yrs

Average Tenure

Experienced Management: MRC's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Peter Torre
Non-Executive Director & Company Secretary10.75yrsUS$105.38k0.22%
$ 380.0k
Russell Tipper
Independent Non-Executive Director1.42yrsUS$16.10kno data
Debbie Ntombela
Independent Non-Executive Director1.42yrsUS$15.81kno data
David Baker
Independent Non-Executive Chairman0.25yrUS$16.10k0.055%
$ 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MRCASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
MRCCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992
58MBST (Boerse-Stuttgart)YesOrdinary SharesDEEURJan 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/19 07:07
End of Day Share Price2021/01/19 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.