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Marindi Metals

ASX:MZN
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MZN
ASX
A$6M
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

Marindi Metals Limited primarily engages in the acquisition, exploration, and development of lithium, gold, and base metal projects in Australia. The last earnings update was 69 days ago. More info.


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  • Marindi Metals has significant price volatility in the past 3 months.
MZN Share Price and Events
7 Day Returns
0%
ASX:MZN
5.2%
AU Metals and Mining
1%
AU Market
1 Year Returns
-75%
ASX:MZN
6.3%
AU Metals and Mining
2.4%
AU Market
MZN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Marindi Metals (MZN) 0% -25% -40% -75% -75% -62.5%
AU Metals and Mining 5.2% 2.1% 4.7% 6.3% 81.9% 13.2%
AU Market 1% 1.5% 4.3% 2.4% 17.6% 7.4%
1 Year Return vs Industry and Market
  • MZN underperformed the Metals and Mining industry which returned 6.3% over the past year.
  • MZN underperformed the Market in Australia which returned 2.4% over the past year.
Price Volatility
MZN
Industry
5yr Volatility vs Market

Value

 Is Marindi Metals 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
  • It is not possible to calculate the future cash flow value for Marindi Metals. This is due to cash flow or dividend data being unavailable. The share price is A$0.003.
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 Marindi Metals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Marindi Metals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:MZN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.00
ASX:MZN Share Price ** ASX (2019-05-17) in AUD A$0
Australia Metals and Mining Industry PE Ratio Median Figure of 78 Publicly-Listed Metals and Mining Companies 12.24x
Australia Market PE Ratio Median Figure of 542 Publicly-Listed Companies 16.02x

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

** Primary Listing of Marindi Metals.

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

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

= 0 ÷ 0.00

-1.14x

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

  • Marindi Metals is loss making, we can't compare its value to the AU Metals and Mining industry average.
  • Marindi Metals is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Marindi Metals's expected growth come at a high price?
Raw Data
ASX:MZN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.14x
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 38 Publicly-Listed Metals and Mining Companies 0.79x
Australia Market PEG Ratio Median Figure of 360 Publicly-Listed Companies 1.42x

*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 Marindi Metals, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Marindi Metals's assets?
Raw Data
ASX:MZN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.00
ASX:MZN Share Price * ASX (2019-05-17) in AUD A$0
Australia Metals and Mining Industry PB Ratio Median Figure of 582 Publicly-Listed Metals and Mining Companies 1.45x
Australia Market PB Ratio Median Figure of 1,677 Publicly-Listed Companies 1.66x
ASX:MZN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0 ÷ 0.00

1.04x

* Primary Listing of Marindi Metals.

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

  • Marindi Metals is good value based on assets compared to the AU Metals and Mining industry average.
X
Value checks
We assess Marindi Metals'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. Marindi Metals has a total score of 1/6, 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.

Future Performance

 How is Marindi Metals 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 Marindi 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 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
2.2%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Marindi Metals expected to grow at an attractive rate?
  • Unable to compare Marindi Metals's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Marindi Metals's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Marindi Metals's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:MZN Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 2.2%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7.1%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*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:MZN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:MZN Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 1 -5 -5
2018-09-30 1 -4 -5
2018-06-30 1 -4 -5
2018-03-31 0 -3 -5
2017-12-31 0 -3 -5
2017-09-30 0 -3 -5
2017-06-30 0 -3 -4
2017-03-31 0 -3 -3
2016-12-31 0 -3 -3
2016-09-30 0 -3 -3
2016-06-30 0 -3 -4
2016-03-31 0 -3 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Marindi Metals is high growth as no earnings estimate data is available.
  • Unable to determine if Marindi Metals 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:MZN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Marindi Metals Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MZN Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 0.00
2016-03-31 0.00

*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 Marindi Metals will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Marindi Metals's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Marindi Metals'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. Marindi Metals'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 Marindi Metals'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.
Marindi Metals 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.

Past Performance

  How has Marindi Metals 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 Marindi Metals'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.
  • Marindi Metals does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Marindi Metals's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Marindi Metals's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Marindi Metals'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 Marindi Metals Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MZN Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.81 -4.54 4.61
2018-09-30 0.72 -4.72 4.50
2018-06-30 0.62 -4.91 4.39
2018-03-31 0.46 -5.12 4.30
2017-12-31 0.31 -5.32 4.20
2017-09-30 0.33 -4.62 4.25
2017-06-30 0.36 -3.92 4.30
2017-03-31 0.21 -3.37 3.78
2016-12-31 0.06 -2.82 3.26
2016-09-30 0.05 -3.16 3.34
2016-06-30 0.04 -3.51 3.43
2016-03-31 0.03 -2.96 2.32
2015-12-31 0.03 -2.40 1.21
2015-09-30 0.02 -1.45 0.86
2015-06-30 -0.49 0.50
2015-03-31 0.00 -0.40 0.41
2014-12-31 0.01 -0.31 0.32
2014-09-30 0.00 -0.41 0.32
2014-06-30 -0.51 0.33
2014-03-31 -0.73 0.36
2013-12-31 -0.94 0.40
2013-09-30 -1.64 0.43
2013-06-30 -2.35 0.46
2013-03-31 -2.73 -0.14
2012-12-31 -3.12 -0.74
2012-09-30 -3.14 0.06
2012-06-30 -3.16 0.87

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

Health

 How is Marindi Metals'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 Marindi Metals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Marindi Metals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Marindi Metals has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Marindi Metals'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.
  • Marindi Metals has no debt, it does not need to be covered by short term assets.
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 Marindi Metals Company Filings, last reported 4 months ago.

ASX:MZN Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5.71 0.00 0.51
2018-09-30 5.71 0.00 0.51
2018-06-30 6.77 0.00 2.27
2018-03-31 6.77 0.00 2.27
2017-12-31 5.84 0.00 1.80
2017-09-30 5.84 0.00 1.80
2017-06-30 5.78 0.00 2.57
2017-03-31 5.78 0.00 2.57
2016-12-31 6.14 0.00 2.32
2016-09-30 6.14 0.00 2.32
2016-06-30 6.58 0.00 3.29
2016-03-31 6.58 0.00 3.29
2015-12-31 5.24 0.00 1.84
2015-09-30 5.24 0.00 1.84
2015-06-30 0.96 0.00 0.27
2015-03-31 0.96 0.00 0.27
2014-12-31 1.27 0.00 0.52
2014-09-30 1.27 0.00 0.52
2014-06-30 1.45 0.00 0.70
2014-03-31 1.45 0.00 0.70
2013-12-31 1.01 0.00 0.32
2013-09-30 1.01 0.00 0.32
2013-06-30 1.39 0.00 0.74
2013-03-31 1.39 0.00 0.74
2012-12-31 1.95 0.00 1.24
2012-09-30 1.95 0.00 1.24
2012-06-30 2.58 0.00 1.53
  • Marindi Metals has no debt.
  • Marindi Metals has not taken on any debt in the past 5 years.
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.

  • Marindi Metals has less than a year of cash runway based on current free cash flow.
  • Marindi Metals has less than a year of cash runway if free cash flow continues to grow at historical rates of 23.4% each year.
X
Financial health checks
We assess Marindi Metals'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. Marindi Metals has a total score of 4/6, 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.

Dividends

 What is Marindi Metals'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 Marindi Metals dividends.
If you bought A$2,000 of Marindi Metals 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 Marindi Metals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Marindi Metals'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:MZN 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 36 Stocks 4.2%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

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 Marindi Metals has not reported any payouts.
  • Unable to verify if Marindi Metals's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Marindi Metals's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Marindi 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.
X
Income/ dividend checks
We assess Marindi Metals's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Marindi Metals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Marindi Metals 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.

Management

 What is the CEO of Marindi Metals'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
Simon Lawson
COMPENSATION A$365,214
AGE 42
TENURE AS CEO 1 years
CEO Bio

Mr. Simon Irwin Lawson has been Chief Executive Officer and Managing Director of Marindi Metals Limited since May 01, 2018 and has been its Director since 2018. He has more than 15 years’ experience in exploration and production environments in structurally complex gold and base metals deposits. He has a Master of Science in Geology from the University of Auckland. Mr. Lawson is a Member of the AusIMM and Australian Institute of Company Directors and has spent significant time in exploration and operational management with complementary time spent in business development, asset due diligence and investor relations. Mr. Lawson previously held senior management roles at major Australian gold producer, Northern Star, as Geology Manager and Principal Geologist where he was part of the team that transformed Northern Star from a junior explorer/miner to a leading Australian gold producer valued at over $3 billion. Most recently, as Chief Geologist/Exploration Manager for Billabong Gold, Mr. Lawson was instrumental in returning Plutonic Gold Mine to consistent profitable operation through implementation of focussed exploration drilling and mining strategies leading to Billabong posting a $20 million cash profit in the first 12 months. Earlier in his career, he held various roles with successful nickel explorer and miner Jubilee Mines, Xstrata Nickel Australasia and senior operational roles with Silver Lake Resources.

CEO Compensation
  • Insufficient data for Simon to compare compensation growth.
  • Simon's remuneration is about average for companies of similar size in Australia.
Management Team

Simon Lawson

TITLE
MD, CEO & Director
COMPENSATION
A$365K
AGE
42
TENURE
1 yrs

Natalie Teo

TITLE
Company Secretary
AGE
30
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Marindi Metals board of directors in years:

1.5
Average Tenure
52
Average Age
  • The average tenure for the Marindi Metals board of directors is less than 3 years, this suggests a new board.
Board of Directors

John Hutton

TITLE
Non-Executive Chairman
COMPENSATION
A$57K
AGE
52
TENURE
1.5 yrs

Simon Lawson

TITLE
MD, CEO & Director
COMPENSATION
A$365K
AGE
42
TENURE
1 yrs

Geoff Jones

TITLE
Non-Executive Director
COMPENSATION
A$42K
AGE
54
TENURE
13.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Marindi Metals insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
06. May 19 Buy Simon Lawson Individual 01. May 19 02. May 19 2,250,000 A$0.00 A$8,999
18. Feb 19 Buy Simon Lawson Individual 12. Feb 19 18. Feb 19 6,900,000 A$0.01 A$34,500
12. Nov 18 Buy Simon Lawson Individual 05. Nov 18 09. Nov 18 2,900,000 A$0.01 A$16,398
04. Nov 18 Buy Simon Lawson Individual 29. Oct 18 03. Nov 18 1,600,000 A$0.01 A$9,232
01. Nov 18 Buy John Hutton Individual 29. Oct 18 30. Oct 18 8,400,000 A$0.01 A$42,756
05. Sep 18 Buy Simon Lawson Individual 04. Sep 18 05. Sep 18 2,600,000 A$0.01 A$20,800
X
Management checks
We assess Marindi Metals'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. Marindi Metals 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.

News

Simply Wall St News

Does Marindi Metals Limited (ASX:MZN) Have A High Beta?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Marindi Metals Limited (ASX:MZN): Time For A Financial Health Check

The direct benefit for Marindi Metals Limited (ASX:MZN), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Is financial flexibility worth the lower cost of capital … Debt capital generally has lower cost of capital compared to equity funding.

Simply Wall St -

Who Are The Major Shareholders In Marindi Metals Limited (ASX:MZN)?

See our latest analysis for Marindi Metals ASX:MZN Ownership_summary May 22nd 18 Institutional Ownership Due to the big order sizes of institutional investors, a company's shares can experience large, one-sided momentum, driven by high volume of shares removed from, or injected into, the market. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: Institutional ownership level and composition in MZN is not high nor active enough to significantly impact its investment thesis.

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One Thing To Consider Before Buying Marindi Metals Limited (ASX:MZN)

MZN's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … I test MZN’s ratio of fixed assets to total assets in order to determine how high the risk is associated with this type of constraint. … However, this is the opposite to what MZN’s actual beta value suggests, which is lower stock volatility relative to the market.

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Marindi Metals Limited (ASX:MZN): Should The Recent Earnings Drop Worry You?

In this commentary, I will examine Marindi Metals Limited's (ASX:MZN) latest earnings update (31 December 2017) and compare these figures against its performance over the past couple of years, as well as how the rest of the metals and mining industry performed. … View our latest analysis for Marindi Metals Was MZN's recent earnings decline worse than the long-term trend and the industry? … For Marindi Metals, its most recent earnings (trailing twelve month) is -AU$5.32M, which, relative to last year’s level, has become more negative.

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Company Info

Description

Marindi Metals Limited primarily engages in the acquisition, exploration, and development of lithium, gold, and base metal projects in Australia. The company also explores for zinc, copper, lead, and silver deposits. Its principal properties include the Forrestania Lithium and Gold project located in the Forrestania Region; the Bellary Dome Gold project situated in the Pilbara Region; and the Newman Base Metal project located in the Pilbara Region, Western Australia, as well as the Yalco and Caranbirini Base Metal projects situated in the MacArthur River region of the Northern Territory. The company was formerly known as Brumby Resources Limited and changed its name to Marindi Metals Limited in August 2015. Marindi Metals Limited was incorporated in 2006 and is based in West Perth, Australia.

Details
Name: Marindi Metals Limited
MZN
Exchange: ASX
Founded: 2006
A$6,292,113
2,097,371,023
Website: http://marindi.com.au
Address: Marindi Metals Limited
35 Havelock Street,
Level 3,
West Perth,
Western Australia, 6005,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MZN Ordinary Shares Australian Securities Exchange AU AUD 14. Dec 2006
OTCPK MNDM.F Ordinary Shares Pink Sheets LLC US USD 14. Dec 2006
CHIA MZN Ordinary Shares Chi-X Australia AU AUD 14. Dec 2006
Number of employees
Current staff
Staff numbers
0
Marindi Metals employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/18 10:33
End of day share price update: 2019/05/17 00:00
Last earnings filing: 2019/03/10
Last earnings reported: 2018/12/31
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.