MC Mining Limited, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of metallurgical and thermal coal projects in South Africa.
The last earnings update was 37 days ago.
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
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
MC Mining. This is due to cash flow or dividend data being
unavailable. The share price is
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
is considered below, and whether this is a fair price.
Price based on past earnings
MC Mining's earnings available for a low price, and how does
this compare to other companies in the same industry?
MC Mining's earnings are expected to grow significantly at over 20% yearly.
MC Mining's revenue is expected to grow significantly at over 20% yearly.
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.
MC Mining's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Oil and Gas
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
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.
TENURE AS CEO
Mr. David Hugh Brown, BCom, CA(SA), serves as an Independent Non-Executive Director of Resilient REIT Ltd. since August 10, 2018. Mr. Brown has been an Independent & Non-Executive Director of Vodacom Group Limited since joining it on January 3, 2012. Mr. Brown was appointed as the Chief Executive Officer of MC Mining Ltd. (formerly, Coal of Africa Limited) on February 1, 2014 and served as its Interim Chief Executive Officer. He serves as an Independent Non-Executive Director of Northam Platinum Limited since November 7, 2017. He held various accounting focussed positions in his early career and was appointed as Financial Director of Amdahl South Africa (Pty) Ltd in 1996. Mr. Brown served as the Chief Executive Officer of Impala Platinum Holdings Ltd., from September 2006 to January 1, 2012. He served as Financial Director of Barplats Investments, Ltd. He joined Impala group in February 1999. He worked for four years in the information technology sector and five years for Exxon Mobil in Europe from 1991 to 1995. He served as the Chief Financial Officer of Impala Platinum Holdings Ltd. from January 1999 to March 1, 2007 and served as its Financial Director from 1999 to March 1, 2007. He serves as the Chairman of Mimosa Mining Company (PVT) Limited. He served as the Non-Executive Chairman of the Board at MC Mining Ltd. from August 6, 2012 to January 1, 2014 and then the executive chairman. He served as the Non-Executive Chairman of Zimplats Holdings Ltd., from March 1, 2010 to June 30, 2012. He has corporate leadership experience, Financial expertise and Corporate governance expertise. He has served as a member of the Accenture South Africa Advisory Board since 2012. He was Chairman of Impala Platinum Limited. He serves as an Independent Non-Executive Director of Simmer & Jack Ltd. He has been an Executive Director of MC Mining Ltd. since February 1, 2014. He serves as a Non-Executive Director of Alufer Mining Limited and TransAfrika Resources Limited. He served as an Independent Non-Executive Director at Edcon Holdings Limited from January 1, 2013 to December 31, 2015. He served as an Independent Non-Executive Director of Edcon Limited since January 1, 2013. He served as an Independent Non-Executive Director of Simmer & Jack Mines, Ltd. since February 1, 2010. He served as a Director of MC Mining Ltd. from August 6, 2012 to February 1, 2014. He served as an Executive Director of Impala Platinum Holdings Ltd. from January 1999 to June 30, 2012. He served as a Non-executive Director of Simmer & Jack Mines, Ltd. and Simmer & Jack Ltd., from October 27, 2005 to December 31, 2007. He completed his articles with Ernst & Young and is a Chartered Accountant. He holds CTA (UCT) and CA(SA). Mr. Brown holds a Bachelor of Commerce from University of Cape Town.
David's compensation has increased whilst company is loss making.
David's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure
Average tenure and age of the
management team in years:
The average tenure for the MC Mining management team is over 5 years, this suggests they are a seasoned and experienced team.
CEO & Executive Director
CFO & Executive Director
Chief Operating Officer of Nimag (Proprietary) Limited
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The tenure for the MC Mining board of directors is about average.
MC Mining Limited, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of metallurgical and thermal coal projects in South Africa. The company’s principal projects include the Makhado hard coking and thermal coal project located to the southwest of Musina; and the Vele Colliery semi soft coking and thermal coal mine located to the west of Musina in the Limpopo province. Its principal projects also include three exploration and development stage coking and thermal coal projects, including Chapudi, Generaal, and Mopane in the Soutpansberg Coalfield, as well as the Uitkomst Colliery, an operating metallurgical coal mine situated in the KwaZulu Natal province, South Africa. The company was formerly known as Coal of Africa Limited and changed its name to MC Mining Limited in November 2017. MC Mining Limited is based in Mount Pleasant, Australia.
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