ASX:MRQ

Stock Analysis Report

Executive Summary

MRG Metals Ltd, together with its subsidiaries, explores for and develops mineral properties in Australia and Sweden.

Snowflake

Fundamentals

Excellent balance sheet with weak fundamentals.

Risks

  • MRG Metals has significant price volatility in the past 3 months.
  • MRG Metals's last earnings update was 191 days ago.
  • MRG Metals is not covered by any analysts.

Share Price & News

How has MRG Metals's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

12.5%

MRQ

1.5%

AU Metals and Mining

1.0%

AU Market


1 Year Return

80.0%

MRQ

14.6%

AU Metals and Mining

6.9%

AU Market

MRQ outperformed the Metals and Mining industry which returned 14.5% over the past year.

MRQ outperformed the Market in Australia which returned 6.9% over the past year.


Share holder returns

MRQIndustryMarket
7 Day12.5%1.5%1.0%
30 Day28.6%6.5%3.9%
90 Day50.0%-3.5%1.6%
1 Year80.0%80.0%22.6%14.6%13.1%6.9%
3 Year-41.5%-47.1%77.8%54.8%39.5%20.7%
5 Year-89.5%-93.3%62.0%25.5%52.8%18.7%

Price Volatility Vs. Market

How volatile is MRG Metals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is MRG Metals undervalued based on future cash flows and its price relative to the stock market?

1.87x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for MRG Metals to establish if it is available at moderate discount.

Unable to calculate intrinsic value for MRG Metals to establish if it is available at substantial discount.


Price Based on Earnings

MRG Metals is loss making, we can't compare its value to the AU Metals and Mining industry average.

MRG Metals is loss making, we can't compare the value of its earnings to the Australia market.


Price Based on Expected Growth

Unable to calculate PEG ratio for MRG Metals, we can't assess if its growth is good value.


Price Based on Value of Assets

MRG Metals is overvalued based on assets compared to the AU Metals and Mining industry average.


Next Steps

Future Growth

How is MRG Metals expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.5%

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 MRG Metals 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.


Next Steps

Past Performance

How has MRG Metals performed over the past 5 years?

29.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

MRG Metals does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare MRG Metals's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare MRG Metals's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if MRG Metals has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if MRG Metals has efficiently used its assets last year compared to the AU Metals and Mining industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if MRG Metals improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is MRG Metals's financial position?


Financial Position Analysis

MRG Metals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

MRG Metals has no long term commitments.


Debt to Equity History and Analysis

MRG Metals has no debt.

MRG Metals has not taken on any debt in the past 5 years.


Balance Sheet

High level of physical assets or inventory.

MRG Metals has no debt, it does not need to be covered by short term assets.


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.

MRG Metals has sufficient cash runway for 1.2 years based on current free cash flow.

MRG Metals has less than a year of cash runway if free cash flow continues to reduce at historical rates of -6.5% each year.


Next Steps

Dividend

What is MRG Metals's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate MRG Metals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate MRG Metals's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as MRG Metals has not reported any payouts.

Unable to verify if MRG Metals's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as MRG Metals has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of MRG Metals's salary, the management and board of directors tenure and is there insider trading?

6.1yrs

Average board tenure


CEO

MRG Metals has no CEO, or we have no data on them.


Board Age and Tenure

6.1yrs

Average Tenure

The tenure for the MRG Metals board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Keith Weston

    Chief Geologist

    • Tenure: 3.1yrs
    • Compensation: AU$7.30k
  • Shane Turner

    CFO, Company Secretary & Director

    • Tenure: 8.7yrs
    • Compensation: AU$121.66k

Board Members

  • Andrew Van Der Zwan

    Non Executive Chairman

    • Tenure: 5.9yrs
    • Compensation: AU$116.91k
  • Shane Turner

    CFO, Company Secretary & Director

    • Tenure: 8.7yrs
    • Compensation: AU$121.66k
  • Chris Gregory

    Non-Executive Director

    • Tenure: 6.1yrs
    • Compensation: AU$126.91k

Company Information

MRG Metals Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MRG Metals Ltd
  • Ticker: MRQ
  • Exchange: ASX
  • Founded: 2011
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$7.665m
  • Shares outstanding: 851.67m
  • Website: https://www.mrgmetals.com.au

Location

  • MRG Metals Ltd
  • 12 Anderson Street West
  • Ballarat
  • Victoria
  • 3350
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MRQASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJun 2011
MRQCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJun 2011

Biography

MRG Metals Ltd, together with its subsidiaries, explores for and develops mineral properties in Australia and Sweden. The company explores for gold, silver, zinc, copper, lead, nickel, iron oxide, copper,  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 10:35
End of Day Share Price2019/09/20 00:00
Earnings2018/12/31
Annual Earnings2018/06/30


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.