MMG Limited, an investment holding company, engages in the exploration, development, and mining of copper, zinc, gold, silver, nickel, and lead deposits worldwide.
Moderate growth potential and slightly overvalued.
Share Price & News
How has MMG's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1208's share price has been volatile over the past 3 months.
7 Day Return
HK Metals and Mining
1 Year Return
HK Metals and Mining
Return vs Industry: 1208 underperformed the Hong Kong Metals and Mining industry which returned -18.6% over the past year.
Return vs Market: 1208 underperformed the Hong Kong Market which returned -9.8% over the past year.
Price Volatility Vs. Market
How volatile is MMG's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StShould We Be Delighted With MMG Limited's (HKG:1208) ROE Of 14%?
1 year ago | Simply Wall StBrokers' Outlook On MMG Limited (HKG:1208)
1 year ago | Simply Wall StIs Now The Right Time To Buy MMG Limited (HKG:1208)?
Is MMG undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1208 (HK$1.67) is trading below our estimate of fair value (HK$16.08)
Significantly Below Fair Value: 1208 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1208 is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: 1208 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1208's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1208 is overvalued based on its PB Ratio (1.5x) compared to the HK Metals and Mining industry average (0.7x).
How is MMG forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1208 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).
Earnings vs Market: 1208 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 1208's is expected to become profitable in the next 3 years.
Revenue vs Market: 1208's revenue (7.8% per year) is forecast to grow slower than the Hong Kong market (9.7% per year).
High Growth Revenue: 1208's revenue (7.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1208's Return on Equity is forecast to be low in 3 years time (7.2%).
How has MMG performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1208 is currently unprofitable.
Growing Profit Margin: 1208 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 1208 is unprofitable, but has reduced losses over the past 5 years at a rate of 21.6% per year.
Accelerating Growth: Unable to compare 1208's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 1208 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-25%).
Return on Equity
High ROE: 1208 has a negative Return on Equity (-4.47%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is MMG's financial position?
Financial Position Analysis
Short Term Liabilities: 1208's short term assets ($1.1B) do not cover its short term liabilities ($1.4B).
Long Term Liabilities: 1208's short term assets ($1.1B) do not cover its long term liabilities ($8.7B).
Debt to Equity History and Analysis
Debt Level: 1208's debt to equity ratio (281.2%) is considered high.
Reducing Debt: 1208's debt to equity ratio has increased from 91.2% to 281.2% over the past 5 years.
Inventory Level: 1208 has a high level of physical assets or inventory.
Debt Coverage by Assets: 1208's debt is not covered by short term assets (assets are 0.1x debt).
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.
Stable Cash Runway: Whilst unprofitable 1208 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 1208 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 39.4% per year.
What is MMG's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate 1208's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 1208's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 1208's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 1208's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 1208 is not paying a notable dividend for the Hong Kong market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 1208's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Xiaoyu Gao (49yo)
Mr.Geoffrey Gao, also known as Xiaoyu , is Chief Executive Officer and Executive Director of MMG Limited since August 1, 2018. He was Non-Executive Director of MMG Limited since April 1, 2011 until August ...
CEO Compensation Analysis
Compensation vs Market: Xiaoyu's total compensation ($USD1.39M) is above average for companies of similar size in the Hong Kong market ($USD558.54K).
Compensation vs Earnings: Xiaoyu's compensation has increased whilst the company is unprofitable.
|CEO & Executive Director||1.5yrs||US$1.39m||no data|
|Chief Financial Officer||4.2yrs||no data||no data|
|Head of Investor Relations||0yrs||no data||no data|
|General Counsel||0yrs||no data||no data|
|Executive General Manager of Stakeholder Relations & People||1.1yrs||no data||no data|
|Company Secretary||18.7yrs||no data||no data|
|Executive General Manager of Operations – Americas||0.5yrs||no data||no data|
Experienced Management: 1208's management team is considered experienced (2.3 years average tenure).
|CEO & Executive Director||1.5yrs||US$1.39m||no data|
|Independent Non-Executive Director||9.2yrs||US$169.00k||no data|
|Chairman of the Board||3yrs||no data||no data|
|Non-Executive Director||10.8yrs||US$1.61m||no data|
|Non-Executive Director||9.2yrs||US$2.73m||no data|
|Independent Non-Executive Director||7.6yrs||US$160.00k||no data|
|Independent Non-Executive Director||0.2yrs||no data||no data|
|Non-Executive Director||3yrs||US$152.00k||no data|
Experienced Board: 1208's board of directors are considered experienced (8.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
MMG Limited's company bio, employee growth, exchange listings and data sources
- Name: MMG Limited
- Ticker: 1208
- Exchange: SEHK
- Founded: 1988
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: HK$13.693b
- Shares outstanding: 8.05b
- Website: https://www.mmg.com
Number of Employees
- MMG Limited
- Level 23
- 28 Freshwater Place
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|1208||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Dec 1994|
|OMS1||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Dec 1994|
|MMLT.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Dec 1994|
|1208||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Dec 1994|
|1208||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Dec 1994|
MMG Limited, an investment holding company, engages in the exploration, development, and mining of copper, zinc, gold, silver, nickel, and lead deposits worldwide. It operates through Las Bambas, Kinsevere, Dugald River, Rosebery, and Other segments. The company operates the Las Bambas open-pit copper and molybdenum mine located in Cotabambas, Apurimac region of Peru; and the Kinsevere open-pit copper mine in the Katanga province of the Democratic Republic of the Congo. It also operates the Dugald River underground zinc mine located near Cloncurry in North West Queensland; and the Rosebery underground polymetallic base metal mine located on Tasmania’s west coast. The company was formerly known as Minmetals Resources Limited and changed its name to MMG Limited in September 2012. MMG Limited was incorporated in 1988 and is headquartered in Southbank, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 12:38|
|End of Day Share Price||2020/02/26 00:00|
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.