Executive Summary
MACA Limited engages in contract mining and crushing, civil construction, infrastructure, and mineral processing equipment business in Australia, Brazil, and South America.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet, good value and pays a dividend.
Similar Companies
Share Price & News
How has MACA's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MKM's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
9.3%
MKM
7.3%
DE Metals and Mining
2.2%
DE Market
1 Year Return
-11.4%
MKM
-38.4%
DE Metals and Mining
-3.9%
DE Market
Return vs Industry: MKM exceeded the German Metals and Mining industry which returned -38.4% over the past year.
Return vs Market: MKM underperformed the German Market which returned -3.9% over the past year.
Shareholder returns
| MKM | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.3% | 7.3% | 2.2% |
| 30 Day | 22.6% | 6.0% | 8.0% |
| 90 Day | -15.8% | -25.2% | -9.6% |
| 1 Year | -6.4%-11.4% | -38.0%-38.4% | -2.3%-3.9% |
| 3 Year | -44.6%-52.2% | -64.7%-65.9% | -7.6%-14.8% |
| 5 Year | n/a | -62.6%-64.5% | -0.3%-12.9% |
Price Volatility Vs. Market
How volatile is MACA's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is MACA undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MKM (€0.51) is trading below our estimate of fair value (€2.95)
Significantly Below Fair Value: MKM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MKM is poor value based on its PE Ratio (9.5x) compared to the Metals and Mining industry average (8.4x).
PE vs Market: MKM is good value based on its PE Ratio (9.5x) compared to the German market (18.7x).
Price to Earnings Growth Ratio
PEG Ratio: MKM is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: MKM is good value based on its PB Ratio (0.7x) compared to the DE Metals and Mining industry average (3.9x).
Next Steps
Future Growth
How is MACA forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
8.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MKM's forecast earnings growth (8.5% per year) is above the savings rate (0.2%).
Earnings vs Market: MKM's earnings (8.5% per year) are forecast to grow slower than the German market (21.7% per year).
High Growth Earnings: MKM's earnings are forecast to grow, but not significantly.
Revenue vs Market: MKM's revenue (3% per year) is forecast to grow slower than the German market (5.6% per year).
High Growth Revenue: MKM's revenue (3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MKM's Return on Equity is forecast to be low in 3 years time (7.6%).
Next Steps
Past Performance
How has MACA performed over the past 5 years?
-19.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MKM has high quality earnings.
Growing Profit Margin: MKM's current net profit margins (3.5%) are higher than last year (3.3%).
Past Earnings Growth Analysis
Earnings Trend: MKM's earnings have declined by -19.9% per year over the past 5 years.
Accelerating Growth: MKM's earnings growth over the past year (24.1%) exceeds its 5-year average (-19.9% per year).
Earnings vs Industry: MKM earnings growth over the past year (24.1%) exceeded the Metals and Mining industry -0.06%.
Return on Equity
High ROE: MKM's Return on Equity (7.6%) is considered low.
Next Steps
Financial Health
How is MACA's financial position?
Financial Position Analysis
Short Term Liabilities: MKM's short term assets (A$304.9M) exceed its short term liabilities (A$157.2M).
Long Term Liabilities: MKM's short term assets (A$304.9M) exceed its long term liabilities (A$113.7M).
Debt to Equity History and Analysis
Debt Level: MKM is debt free.
Reducing Debt: MKM has not had any debt for past 5 years.
Debt Coverage: MKM has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MKM has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is MACA's current dividend yield, its reliability and sustainability?
5.78%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MKM's dividend (5.78%) is higher than the bottom 25% of dividend payers in the German market (1.35%).
High Dividend: MKM's dividend (5.78%) is in the top 25% of dividend payers in the German market (4.05%)
Stability and Growth of Payments
Stable Dividend: MKM has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: MKM has only been paying a dividend for 9 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.8%), MKM's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MKM's dividends in 3 years are forecast to be well covered by earnings (45.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.8yrs
Average management tenure
CEO
Mike Sutton
0.25
Tenure
Mr. Mike Sutton serves as Chief Executive Officer of MACA Limited since February 24, 2020. He served as Chief Operating Officer of Open Cut West - Downer Mining at Downer EDI Limited. Mr. Sutton joined Dow ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CFO & Company Secretary | 5.83yrs | AU$507.04k | 0.092% A$127.5k | |
| Operations Director & Executive Director | 9.5yrs | AU$705.65k | 4.8% A$6.7m | |
| Chief Operating Officer | 0.33yr | AU$519.78k | no data | |
| General Manager of Mining | 8.92yrs | AU$565.59k | 0.062% A$85.7k | |
| General Manager of Brazil Operations | 9.5yrs | AU$558.54k | 0.11% A$150.8k | |
| General Manager of Civil & Infrastructure | 3.25yrs | AU$585.35k | no data | |
| Chief Executive Officer | 0.25yr | no data | no data |
5.8yrs
Average Tenure
Experienced Management: MKM's management team is seasoned and experienced (5.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Operations Director & Executive Director | 9.5yrs | AU$705.65k | 4.8% A$6.7m | |
| Independent Non Executive Director | 0.25yr | no data | no data | |
| Independent Non-Executive Chairman | no data | AU$155.00k | 0.0075% A$10.4k | |
| Independent Non-Executive Director | 7.58yrs | AU$112.81k | 0.043% A$59.8k | |
| Independent Non-Executive Director | 4.75yrs | AU$96.98k | 0.022% A$30.5k |
6.2yrs
Average Tenure
Experienced Board: MKM's board of directors are considered experienced (6.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MKM insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
MACA Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: MACA Limited
- Ticker: MKM
- Exchange: DB
- Founded: 2002
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$231.827m
- Listing Market Cap: AU$139.260m
- Shares outstanding: 268.01m
- Website: https://www.maca.net.au
Number of Employees
Location
- MACA Limited
- 45 Division Street
- Welshpool
- Western Australia
- 6106
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MLD | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Nov 2010 |
| MKM | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Nov 2010 |
| MLD | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Nov 2010 |
Biography
MACA Limited engages in contract mining and crushing, civil construction, infrastructure, and mineral processing equipment business in Australia, Brazil, and South America. The company offers loading and hauling services; and drilling and blasting services, including production drilling and blasting for surface mining operations or quarries, pre-split drilling, contour drilling and pioneering, blast hole sample drilling, probe drilling, pre-split and final wall blasting, drill and blast design, blasting solutions for civil construction, and controlled blasting. It also provides crushing and screening services to deliver tailored screening and sizing solutions, as well as materials handling solutions. In addition, the company provides a range of civil works, including construction of roads and bridges, bulk earthworks, aerodromes, drainage, and marine works. Further, it engages in the parks and gardens, verge, and safety barriers activities, as well as provision of specialist services. Further, it engages in mineral processing equipment business, including the delivery of small to large scale structural, mechanical, and piping projects. MACA Limited was incorporated in 2002 and is headquartered in Welshpool, Australia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/25 23:13 |
| End of Day Share Price | 2020/05/25 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/06/30 |
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.