| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 5/6 |
| Past Performance | 1/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
MYE Stock Overview
Metarock Group Limited provides contracting services to the underground long wall mining operations and industrial products and services in coalfields and supporting industries of Queensland and New South Wales, Australia.
Rewards
Risk Analysis
+ 2 more risks
Metarock Group Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.40 |
| 52 Week High | AU$1.26 |
| 52 Week Low | AU$0.35 |
| Beta | 0.98 |
| 1 Month Change | -14.13% |
| 3 Month Change | -32.48% |
| 1 Year Change | -54.60% |
| 3 Year Change | -60.89% |
| 5 Year Change | -1.25% |
| Change since IPO | -64.09% |
Recent News & Updates
Here's Why Metarock Group (ASX:MYE) Is Weighed Down By Its Debt Load
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Shareholder Returns
| MYE | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | 2.6% | -6.2% | -2.1% |
| 1Y | -54.6% | -15.2% | -10.5% |
Return vs Industry: MYE underperformed the Australian Metals and Mining industry which returned -15.2% over the past year.
Return vs Market: MYE underperformed the Australian Market which returned -10.5% over the past year.
Price Volatility
| MYE volatility | |
|---|---|
| MYE Average Weekly Movement | 13.1% |
| Metals and Mining Industry Average Movement | 11.7% |
| Market Average Movement | 10.0% |
| 10% most volatile stocks in AU Market | 16.7% |
| 10% least volatile stocks in AU Market | 4.5% |
Stable Share Price: MYE is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 13% a week.
Volatility Over Time: MYE's weekly volatility (13%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1996 | n/a | Tony Caruso | https://www.metarock.com.au |
Metarock Group Limited provides contracting services to the underground long wall mining operations and industrial products and services in coalfields and supporting industries of Queensland and New South Wales, Australia. The company offers various mining services and equipment to the coal mining industry, including new mine development, mine operation, roadway development, conveyors, outbye, ventilation, secondary support, long wall relocations, polymeric emergency strata consolidation, production and ancillary equipment, and mining consumables. It also provides acrow props; cable hanging brackets; geosorb, quick drive cement, road salt, and safe mark paints; pigtails and brackets, and structure and leg pins; dewatering products comprising snorebox, strainers, and suction strainers; poly droppers, poly sticks, and reflective streamers; spear and trickle dusters; and cable hanging crooks, life line products, and measuring sticks.
Metarock Group Fundamentals Summary
| MYE fundamental statistics | |
|---|---|
| Market Cap | AU$51.74m |
| Earnings (TTM) | AU$215.00k |
| Revenue (TTM) | AU$300.88m |
240.9x
P/E Ratio0.2x
P/S RatioIs MYE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MYE income statement (TTM) | |
|---|---|
| Revenue | AU$300.88m |
| Cost of Revenue | AU$56.16m |
| Gross Profit | AU$244.72m |
| Other Expenses | AU$244.50m |
| Earnings | AU$215.00k |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.0016 |
| Gross Margin | 81.33% |
| Net Profit Margin | 0.071% |
| Debt/Equity Ratio | 73.4% |
How did MYE perform over the long term?
See historical performance and comparisonValuation
Is MYE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MYE?
Other financial metrics that can be useful for relative valuation.
| What is MYE's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | AU$51.74m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.4x |
| Enterprise Value/EBITDA | 9.8x |
| PEG Ratio | 2.5x |
Price to Sales Ratio vs Peers
How does MYE's PS Ratio compare to its peers?
| MYE PS Ratio vs Peers |
|---|
| Company | PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 511.1x | ||
SVY Stavely Minerals | 1062.5x | n/a | AU$44.4m |
FTZ Fertoz | 21.5x | n/a | AU$48.1m |
MRC Mineral Commodities | 0.6x | n/a | AU$44.4m |
GGG Greenland Minerals | 960x | n/a | AU$64.5m |
MYE Metarock Group | 0.2x | 31.9% | AU$51.7m |
Price-To-Sales vs Peers: MYE is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (511.1x).
Price to Earnings Ratio vs Industry
How does MYE's PE Ratio compare vs other companies in the AU Metals and Mining Industry?
Price-To-Sales vs Industry: MYE is good value based on its Price-To-Sales Ratio (0.2x) compared to the Australian Metals and Mining industry average (37.9x)
Price to Sales Ratio vs Fair Ratio
What is MYE's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 0.2x |
| Fair PS Ratio | 13.5x |
Price-To-Sales vs Fair Ratio: MYE is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (13.5x).
Share Price vs Fair Value
What is the Fair Price of MYE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MYE (A$0.4) is trading below our estimate of fair value (A$4.32)
Significantly Below Fair Value: MYE is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: MYE is poor value based on its PEG Ratio (2.5x)
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Future Growth
How is Metarock Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score
5/6Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
94.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MYE's forecast earnings growth (94.6% per year) is above the savings rate (1.8%).
Earnings vs Market: MYE's earnings (94.6% per year) are forecast to grow faster than the Australian market (5.7% per year).
High Growth Earnings: MYE's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MYE's revenue (31.9% per year) is forecast to grow faster than the Australian market (5.2% per year).
High Growth Revenue: MYE's revenue (31.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MYE's Return on Equity is forecast to be low in 3 years time (16.2%).
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Past Performance
How has Metarock Group performed over the past 5 years?
Past Performance Score
1/6Past Performance Score 1/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
41.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MYE has a large one-off loss of A$473.0K impacting its December 31 2021 financial results.
Growing Profit Margin: MYE's current net profit margins (0.07%) are lower than last year (3.5%).
Past Earnings Growth Analysis
Earnings Trend: MYE has become profitable over the past 5 years, growing earnings by 41% per year.
Accelerating Growth: MYE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MYE had negative earnings growth (-97.7%) over the past year, making it difficult to compare to the Metals and Mining industry average (57.3%).
Return on Equity
High ROE: MYE's Return on Equity (0.2%) is considered low.
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Financial Health
How is Metarock Group's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: MYE's short term assets (A$107.4M) do not cover its short term liabilities (A$138.7M).
Long Term Liabilities: MYE's short term assets (A$107.4M) exceed its long term liabilities (A$44.1M).
Debt to Equity History and Analysis
Debt Level: MYE's net debt to equity ratio (59.1%) is considered high.
Reducing Debt: MYE's debt to equity ratio has increased from 21.3% to 73.4% over the past 5 years.
Debt Coverage: MYE's debt is well covered by operating cash flow (55.3%).
Interest Coverage: MYE's interest payments on its debt are not well covered by EBIT (2x coverage).
Balance Sheet
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Dividend
What is Metarock Group current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
16.46%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MYE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MYE'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 MYE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MYE's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: MYE is not paying a notable dividend for the Australian market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as MYE has not reported any payouts.
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Management
How experienced are the management team and are they aligned to shareholders interests?
11.9yrs
Average management tenure
CEO
Tony Caruso
17.5yrs
Tenure
AU$1,098,896
Compensation
Mr. Anthony Salvatore Caruso, also known as Tony, has been the Chief Executive Officer and Managing Director of Mastermyne Group Limited since 2005 and 2008 respectively. Mr. Caruso is responsible for tend...
CEO Compensation Analysis
Compensation vs Market: Tony's total compensation ($USD752.82K) is above average for companies of similar size in the Australian market ($USD282.25K).
Compensation vs Earnings: Tony's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: MYE's management team is seasoned and experienced (11.9 years average tenure).
Board Members
Experienced Board: MYE's board of directors are considered experienced (7.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MYE insiders have bought and sold the same number of shares 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 23.3%.
Top Shareholders
Company Information
Metarock Group Limited's employee growth, exchange listings and data sources
Key Information
- Name: Metarock Group Limited
- Ticker: MYE
- Exchange: ASX
- Founded: 1996
- Industry: Diversified Metals and Mining
- Sector: Materials
- Implied Market Cap: AU$51.742m
- Shares outstanding: 130.99m
- Website: https://www.metarock.com.au
Number of Employees
Location
- Metarock Group Limited
- Riverside Plaza
- Level 1
- Mackay
- Queensland
- 4740
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/05 00:00 |
| End of Day Share Price | 2022/07/05 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/06/30 |
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.