company background image
MYE

Metarock Group ASX:MYE Stock Report

Last Price

AU$0.40

Market Cap

AU$51.7m

7D

2.6%

1Y

-54.6%

Updated

05 Jul, 2022

Data

Company Financials +
MYE fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance1/6
Financial Health2/6
Dividends0/6

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.

Metarock Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Metarock Group
Historical stock prices
Current Share PriceAU$0.40
52 Week HighAU$1.26
52 Week LowAU$0.35
Beta0.98
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

Jul 01
Here's Why Metarock Group (ASX:MYE) Is Weighed Down By Its Debt Load

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

MYEAU Metals and MiningAU Market
7D2.6%-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

Is MYE's price volatile compared to industry and market?
MYE volatility
MYE Average Weekly Movement13.1%
Metals and Mining Industry Average Movement11.7%
Market Average Movement10.0%
10% most volatile stocks in AU Market16.7%
10% least volatile stocks in AU Market4.5%

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

FoundedEmployeesCEOWebsite
1996n/aTony Carusohttps://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

How do Metarock Group's earnings and revenue compare to its market cap?
MYE fundamental statistics
Market CapAU$51.74m
Earnings (TTM)AU$215.00k
Revenue (TTM)AU$300.88m

240.9x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MYE income statement (TTM)
RevenueAU$300.88m
Cost of RevenueAU$56.16m
Gross ProfitAU$244.72m
Other ExpensesAU$244.50m
EarningsAU$215.00k

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0016
Gross Margin81.33%
Net Profit Margin0.071%
Debt/Equity Ratio73.4%

How did MYE perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is MYE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation 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.

MYE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA9.8x
PEG Ratio2.5x

Price to Sales Ratio vs Peers

How does MYE's PS Ratio compare to its peers?

MYE PS Ratio vs Peers
The above table shows the PS ratio for MYE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average511.1x
SVY Stavely Minerals
1062.5xn/aAU$44.4m
FTZ Fertoz
21.5xn/aAU$48.1m
MRC Mineral Commodities
0.6xn/aAU$44.4m
GGG Greenland Minerals
960xn/aAU$64.5m
MYE Metarock Group
0.2x31.9%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.

MYE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio13.5x

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)


Discover undervalued companies

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

5/6

Future 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%).


Discover growth companies

Past Performance

How has Metarock Group performed over the past 5 years?

Past Performance Score

1/6

Past 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.


Discover strong past performing companies

Financial Health

How is Metarock Group's financial position?

Financial Health Score

2/6

Financial 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


Discover healthy companies

Dividend

What is Metarock Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend 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.


Discover strong dividend paying companies

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/05 00:00
End of Day Share Price2022/07/05 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


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.