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Maximus Resources

ASX:MXRDA
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MXRDA
ASX
A$2M
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

Maximus Resources Limited engages in the exploration and development of mineral properties primarily in Western Australia. The last earnings update was 76 days ago. More info.


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MXRDA Share Price and Events
7 Day Returns
-12.9%
ASX:MXRDA
1%
AU Metals and Mining
-2.2%
AU Market
1 Year Returns
-
ASX:MXRDA
0.2%
AU Metals and Mining
-9.9%
AU Market
MXRDA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Maximus Resources (MXRDA) -12.9% - - - - -
AU Metals and Mining 1% 0.5% -5.4% 0.2% 74.7% -2%
AU Market -2.2% -3.1% -12.3% -9.9% 7.1% -5.2%
1 Year Return vs Industry and Market
  • No trading data on MXRDA.
  • No trading data on MXRDA.
Price Volatility
MXRDA
Industry
5yr Volatility vs Market

MXRDA Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Maximus Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Maximus Resources.

ASX:MXRDA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:MXRDA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.8%
Equity Risk Premium S&P Global 7.2%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.947 (1 + (1- 30%) (4.72%))
0.978
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.77% + (0.978 * 7.23%)
9.84%

Discounted Cash Flow Calculation for ASX:MXRDA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Maximus Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:MXRDA DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (AUD, Millions) 1.47 1.75 2.06 2.41 2.80
Source Est @ 20%, capped from 166.66% Est @ 19%, capped from 166.66% Est @ 18%, capped from 166.66% Est @ 17%, capped from 166.66% Est @ 16%, capped from 166.66%
Present Value
Discounted (@ 9.84%)
1.34 1.45 1.55 1.66 1.75
Present value of next 5 years cash flows A$7.74
ASX:MXRDA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= A$2.80 × (1 + 2.77%) ÷ (9.84% – 2.77%)
A$40.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= A$40.67 ÷ (1 + 9.84%)5
A$25.44
ASX:MXRDA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= A$7.74 + A$25.44
A$33.18
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$33.18 / 30.27
A$1.01
ASX:MXRDA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in ASX:MXRDA represents 0.92424x of ASX:MXR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92424x
Value per Share
(Listing Adjusted, AUD)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 1.10 x 0.92424
A$1.01
Value per share (AUD) From above. A$1.01
Current discount Discount to share price of A$0.06
= -1 x (A$0.06 - A$1.01) / A$1.01
94%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Maximus Resources is available for.
Intrinsic value
>50%
Share price is A$0.06 vs Future cash flow value of A$1.01
Current Discount Checks
For Maximus Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Maximus Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Maximus Resources's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Maximus Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Maximus Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:MXRDA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in AUD A$-0.05
ASX:MXR Share Price ** ASX (2018-12-20) in AUD A$0.07
Australia Metals and Mining Industry PE Ratio Median Figure of 78 Publicly-Listed Metals and Mining Companies 9.63x
Australia Market PE Ratio Median Figure of 558 Publicly-Listed Companies 14.13x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Maximus Resources.

ASX:MXRDA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:MXR Share Price ÷ EPS (both in AUD)

= 0.07 ÷ -0.05

-1.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Maximus Resources is loss making, we can't compare its value to the AU Metals and Mining industry average.
  • Maximus Resources is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Maximus Resources's expected growth come at a high price?
Raw Data
ASX:MXRDA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Metals and Mining Industry PEG Ratio Median Figure of 41 Publicly-Listed Metals and Mining Companies 0.82x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Maximus Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Maximus Resources's assets?
Raw Data
ASX:MXRDA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in AUD A$0.09
ASX:MXR Share Price * ASX (2018-12-20) in AUD A$0.07
Australia Metals and Mining Industry PB Ratio Median Figure of 578 Publicly-Listed Metals and Mining Companies 1.41x
Australia Market PB Ratio Median Figure of 1,659 Publicly-Listed Companies 1.57x
ASX:MXRDA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:MXR Share Price ÷ Book Value per Share (both in AUD)

= 0.07 ÷ 0.09

0.73x

* Primary Listing of Maximus Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Maximus Resources is good value based on assets compared to the AU Metals and Mining industry average.
X
Value checks
We assess Maximus Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Maximus Resources has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MXRDA Future Performance

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

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 Maximus Resources 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.1%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Maximus Resources expected to grow at an attractive rate?
  • Unable to compare Maximus Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Maximus Resources's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Maximus Resources's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:MXRDA Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 1.1%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.3%
Australia Market Earnings Growth Rate Market Cap Weighted Average 5.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 2.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:MXRDA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:MXRDA Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-06-30 4 -0 -1
2018-03-31 3 -0 -1
2017-12-31 2 -0 -1
2017-09-30 1 -0 -2
2017-06-30 0 -1 -4
2017-03-31 0 -1 -4
2016-12-31 0 -1 -4
2016-09-30 0 -1 -2
2016-06-30 0 -0 -1
2016-03-31 0 -0 -1
2015-12-31 -1 -1
2015-09-30 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Maximus Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Maximus Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:MXRDA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Maximus Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MXRDA Past Financials Data
Date (Data in AUD Millions) EPS *
2018-06-30 -0.05
2018-03-31 -0.04
2017-12-31 -0.04
2017-09-30 -0.09
2017-06-30 -0.19
2017-03-31 -0.22
2016-12-31 -0.26
2016-09-30 -0.19
2016-06-30 -0.08
2016-03-31 -0.11
2015-12-31 -0.16
2015-09-30 -0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Maximus Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Maximus Resources is trading at Maximus Resources'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Maximus Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Maximus Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Maximus Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Maximus Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MXRDA Past Performance

  How has Maximus Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Maximus Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Maximus Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Maximus Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Maximus Resources's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Maximus Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Maximus Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MXRDA Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 3.72 -1.41 0.30
2018-03-31 2.67 -1.17 0.30
2017-12-31 1.62 -0.94 0.29
2017-09-30 0.83 -2.42 0.33
2017-06-30 0.05 -3.89 0.37
2017-03-31 0.05 -3.75 0.38
2016-12-31 0.05 -3.60 0.40
2016-09-30 0.03 -2.14 0.43
2016-06-30 0.02 -0.68 0.45
2016-03-31 0.01 -0.95 0.50
2015-12-31 -1.21 0.56
2015-09-30 -0.65 0.53
2015-06-30 -0.10 0.50
2015-03-31 0.10 0.44
2014-12-31 0.29 0.39
2014-09-30 -1.20 0.41
2014-06-30 -2.68 0.43
2014-03-31 -7.09 0.51
2013-12-31 -11.51 0.59
2013-09-30 -12.28 0.62
2013-06-30 -13.05 0.65
2013-03-31 -8.75 0.78
2012-12-31 -4.45 0.92
2012-09-30 -2.93 0.99
2012-06-30 -1.41 1.06
2011-12-31 -1.06 7.94 0.98

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Maximus Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Maximus Resources has efficiently used its assets last year compared to the AU Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Maximus Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Maximus Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Maximus Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MXRDA Health

 How is Maximus Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Maximus Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Maximus Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Maximus Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Maximus Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 5.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Maximus Resources Company Filings, last reported 5 months ago.

ASX:MXRDA Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 2.50 0.09 0.03
2018-03-31 2.50 0.09 0.03
2017-12-31 3.37 0.09 0.25
2017-09-30 3.37 0.09 0.25
2017-06-30 3.58 0.00 0.23
2017-03-31 3.58 0.00 0.23
2016-12-31 3.61 0.00 1.37
2016-09-30 3.61 0.00 1.37
2016-06-30 5.43 0.00 1.44
2016-03-31 5.43 0.00 1.44
2015-12-31 3.58 0.00 0.35
2015-09-30 3.58 0.00 0.35
2015-06-30 3.56 0.00 1.00
2015-03-31 3.56 0.00 1.00
2014-12-31 4.33 0.00 1.57
2014-09-30 4.33 0.00 1.57
2014-06-30 4.06 0.00 1.71
2014-03-31 4.06 0.00 1.71
2013-12-31 4.24 0.00 2.02
2013-09-30 4.24 0.00 2.02
2013-06-30 6.29 0.00 0.27
2013-03-31 6.29 0.00 0.27
2012-12-31 15.17 0.00 0.42
2012-09-30 15.17 0.00 0.42
2012-06-30 16.74 0.00 0.75
2011-12-31 16.01 0.00 0.04
  • Maximus Resources's level of debt (3.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 3.8% today).
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.

  • Whilst loss making Maximus Resources has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Maximus Resources has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -72% per year.
X
Financial health checks
We assess Maximus Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Maximus Resources has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MXRDA Dividends

 What is Maximus Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Maximus Resources dividends.
If you bought A$2,000 of Maximus Resources shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Maximus Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Maximus Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:MXRDA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 35 Stocks 4.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 420 Stocks 4.9%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.8%
Australia Bottom 25% Dividend Yield 25th Percentile 2.9%
Australia Top 25% Dividend Yield 75th Percentile 6.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Maximus Resources has not reported any payouts.
  • Unable to verify if Maximus Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Maximus Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Maximus Resources 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.
X
Income/ dividend checks
We assess Maximus Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Maximus Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Maximus Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MXRDA Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kevin Malaxos
COMPENSATION A$245,870
AGE 54
TENURE AS CEO 8 years
CEO Bio

Mr. Kevin John Malaxos, BEng, MAICD, has been the Managing Director at Maximus Resources Limited since December 13, 2010. Mr. Malaxos has 25 years experience in the resources sector in senior management and executive roles across a suite of commodities including gold, nickel, iron ore, silver, lead, Zinc and chromium. He served as the Chief Executive Officer of Central Asia Resources Limited until February 2008. He served as the Chief Operating Officer of Centrex Metals Limited from February 4, 2008 to December 10, 2010. He served as an Interim Chief Executive Officer of Centrex Metals Limited from July 16, 2010 to August 15, 2010. He was responsible for mine design, recruitment, systems development and materials handling for the Wilgerup hematite mining operations for Centrex Metals Limited. He served as the Chief Executive Officer of Mount Gibson Mining Limited, a subsidiary of Mount Gibson Iron Ltd. until December 18, 2006. He has been a Director of Maximus Resources Limited since December 13, 2010. He served as a Non Executive Director of Flinders Mines Limited from December 21, 2010 to October 19, 2016. Mr. Malaxos holds a Degree in Mining Engineering from WA School of Mines in Kalgoorlie.

CEO Compensation
  • Kevin's compensation has increased whilst company is loss making.
  • Kevin's remuneration is lower than average for companies of similar size in Australia.
Management Team

Kevin Malaxos

TITLE
MD & Director
COMPENSATION
A$246K
AGE
54
TENURE
8 yrs

Justin Nelson

TITLE
Company Secretary
TENURE
0.8 yrs

Peter Harvey

TITLE
Executive
Board of Directors

Kevin Malaxos

TITLE
MD & Director
COMPENSATION
A$246K
AGE
54
TENURE
8 yrs

Leigh McClusky

TITLE
Non-Executive Director
TENURE
8.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Maximus Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Maximus Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MXRDA News

External News
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Simply Wall St News

MXRDA Company Info

Map
Description

Maximus Resources Limited engages in the exploration and development of mineral properties primarily in Western Australia. It primarily explores for gold, lithium, nickel, and base metals deposits. The company holds interest in the Spargoville project in the south of the regional mining center of Kalgoorlie. It also holds royalty interest in the Yandal project and the Adelade Hills project. The company was incorporated in 2004 and is based in Adelaide, Australia.

Details
Name: Maximus Resources Limited
MXRDA
Exchange: ASX
Founded: 2004
A$1,998,018
30,273,009
Website: http://www.maximusresources.com
Address: Maximus Resources Limited
100 Pirie Street,
Level 3,
Adelaide,
South Australia, 5000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MXR Ordinary Shares Australian Securities Exchange AU AUD 26. Oct 2005
DB M5F Ordinary Shares Deutsche Boerse AG DE EUR 26. Oct 2005
ASX MXRDA NPV DFD 20/12/18(EX-SPLT) Australian Securities Exchange AU AUD 12. Dec 2018
CHIA MXRDA NPV DFD 20/12/18(EX-SPLT) Chi-X Australia AU AUD 12. Dec 2018
Number of employees
Current staff
Staff numbers
0
Maximus Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/22 10:37
End of day share price update: 2018/12/20 00:00
Last earnings filing: 2018/10/07
Last earnings reported: 2018/06/30
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.