How does 1208's PE Ratio compare to its peers?

1208 is expensive based on its Price-To-Earnings Ratio (50.3x) compared to the peer average (13.1x).

How does 1208's PE Ratio compare vs other companies in the HK Metals and Mining Industry?

1208 is expensive based on its Price-To-Earnings Ratio (50.3x) compared to the Hong Kong Metals and Mining industry average (9.6x).

What is 1208's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1208 is expensive based on its Price-To-Earnings Ratio (50.3x) compared to the estimated Fair Price-To-Earnings Ratio (29.4x).

What is the Fair Price of 1208 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

1208 (HK$2.87) is trading below our estimate of [[fair value]] (HK$17.65)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

MMG (SEHK:1208) - Stock Price, News & Analysis

1208 Stock Overview

An investment holding company, engages in the exploration, development, and mining of copper, zinc, gold, silver, molybdenum, cobalt, and lead deposits in Australia and internationally. More details

1208 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	5/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 83.7% below our estimate of its fair value

Earnings are forecast to grow 63.08% per year

Earnings grew by 160.7% over the past year

Risk Analysis

Interest payments are not well covered by earnings

Shareholders have been diluted in the past year

MMG Limited Competitors

Lygend Resources & Technology

SEHK:2245

HK$12.5b

Wanguo Gold Group

SEHK:3939

HK$10.6b

CMOC Group

SEHK:3993

HK$162.2b

Xinjiang Xinxin Mining Industry

SEHK:3833

HK$1.8b

Price History & Performance

Summary of all time highs, changes and price drops for MMG
Historical stock prices
Current Share Price	HK$2.87
52 Week High	HK$4.51
52 Week Low	HK$1.75
Beta	2.19
11 Month Change	9.54%
3 Month Change	24.24%
1 Year Change	21.61%
33 Year Change	-8.31%
5 Year Change	67.84%
Change since IPO	-73.36%

MMG Limited's (HKG:1208) P/E Is Still On The Mark Following 25% Share Price Bounce

Sep 29

MMG's (HKG:1208) Earnings Are Weaker Than They Seem

Sep 26

Recent updates

MMG Limited's (HKG:1208) P/E Is Still On The Mark Following 25% Share Price Bounce

Sep 29

Results: MMG Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

Mar 28

Returns Are Gaining Momentum At MMG (HKG:1208)

Mar 27

These 4 Measures Indicate That MMG (HKG:1208) Is Using Debt Extensively

Dec 04

Shareholder Returns

	1208	HK Metals and Mining	HK Market
7D	1.8%	-8.4%	-2.7%
1Y	21.6%	24.7%	10.9%

Return vs Industry: 1208 underperformed the Hong Kong Metals and Mining industry which returned 24.7% over the past year.

Return vs Market: 1208 exceeded the Hong Kong Market which returned 10.9% over the past year.

Price Volatility

Is 1208's price volatile compared to industry and market?
1208 volatility
1208 Average Weekly Movement	8.1%
Metals and Mining Industry Average Movement	8.0%
Market Average Movement	9.0%
10% most volatile stocks in HK Market	19.0%
10% least volatile stocks in HK Market	4.2%

Stable Share Price: 1208 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 1208's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1988	5,092	Liang Cao	www.mmg.com

MMG Limited, an investment holding company, engages in the exploration, development, and mining of copper, zinc, gold, silver, molybdenum, cobalt, and lead deposits in Australia and internationally. It operates through Las Bambas, Kinsevere, Dugald River, Rosebery, and Other segments. The company holds a 62.5% interest in the Las Bambas open-pit copper and molybdenum mine located in Cotabambas, Apurimac region of Peru; and 100% interest in the Kinsevere open-pit copper mine in the Haut-Katanga province of the Democratic Republic of the Congo.

MMG Limited Fundamentals Summary

How do MMG's earnings and revenue compare to its market cap?
1208 fundamental statistics
Market cap	HK$31.17b
Earnings (TTM)	HK$691.94m
Revenue (TTM)	HK$34.00b

50.3x

P/E Ratio

1.0x

P/S Ratio

Is 1208 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1208 income statement (TTM)
Revenue	US$4.37b
Cost of Revenue	US$2.71b
Gross Profit	US$1.66b
Other Expenses	US$1.57b
Earnings	US$88.90m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.0073
Gross Margin	37.98%
Net Profit Margin	2.04%
Debt/Equity Ratio	136.0%

How did 1208 perform over the long term?

See historical performance and comparison

1208 Stock Overview

Rewards

Risk Analysis

MMG Limited Competitors

SEHK:2245

HK$12.5b

SEHK:3939

HK$10.6b

SEHK:3993

HK$162.2b

SEHK:3833

HK$1.8b

Price History & Performance

Recent News & Updates

MMG Limited's (HKG:1208) P/E Is Still On The Mark Following 25% Share Price Bounce

Investor sentiment improves as stock rises 18%

MMG's (HKG:1208) Earnings Are Weaker Than They Seem

First half 2024 earnings: EPS and revenues miss analyst expectations

MMG Limited to Report First Half, 2024 Results on Sep 19, 2024

MMG Limited Appoints Jing Zhao (Ivo) as Executive General Manager Americas, Effective 1 September 2024

Recent updates

MMG Limited's (HKG:1208) P/E Is Still On The Mark Following 25% Share Price Bounce

Investor sentiment improves as stock rises 18%

MMG's (HKG:1208) Earnings Are Weaker Than They Seem

First half 2024 earnings: EPS and revenues miss analyst expectations

MMG Limited to Report First Half, 2024 Results on Sep 19, 2024

MMG Limited Appoints Jing Zhao (Ivo) as Executive General Manager Americas, Effective 1 September 2024

Consensus EPS estimates fall by 23%, revenue upgraded

First half 2024 earnings: EPS and revenues miss analyst expectations

MMG Limited's (HKG:1208) 28% Cheaper Price Remains In Tune With Earnings

Consensus EPS estimates increase by 16%

MMG Limited Provides Production Guidance for the Full Year 2024

New minor risk - Shareholder dilution

Not Many Are Piling Into MMG Limited (HKG:1208) Stock Yet As It Plummets 30%

MMG Limited to Report First Half, 2024 Results on Aug 13, 2024

New minor risk - Shareholder dilution

Insufficient new directors

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

MMG Limited Announces Board Changes

What MMG Limited's (HKG:1208) 25% Share Price Gain Is Not Telling You

Does MMG (HKG:1208) Have A Healthy Balance Sheet?

We Think You Can Look Beyond MMG's (HKG:1208) Lackluster Earnings

Consensus EPS estimates fall by 40%

MMG Limited Just Missed Earnings - But Analysts Have Updated Their Models

MMG Limited, Annual General Meeting, May 23, 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

MMG Limited Announces Retirement of Ross Carroll as Chief Financial Officer, with Effect from 6th March 2024

Investor sentiment deteriorates as stock falls 17%

Revenues Tell The Story For MMG Limited (HKG:1208)

MMG Limited to Report Fiscal Year 2023 Results on Mar 05, 2024

Does MMG (HKG:1208) Have A Healthy Balance Sheet?

MMG Limited (SEHK:1208) entered into the agreement to acquire Cuprous Capital Ltd from Cupric Canyon Capital LP, Missouri Local Government Employees Retirement System, Resource Capital Fund VII L.P., a fund managed by RCF Management, LLC and The Ferreira Family Trust for $1.9 billion.

MMG Limited Provides Production Guidance for the Full Year 2023

Be Wary Of MMG (HKG:1208) And Its Returns On Capital

Consensus EPS estimates fall by 18%

These 4 Measures Indicate That MMG (HKG:1208) Is Using Debt Extensively

Consensus EPS estimates fall by 16%, revenue upgraded

MMG Limited Appoints Xu Jiqing as Chairman

First half 2023 earnings released: US$0.007 loss per share (vs US$0.009 profit in 1H 2022)

MMG Limited Provides Exploration Update for the Las Bambas and Rosebery Mines

Investor sentiment improves as stock rises 17%

Here's What To Make Of MMG's (HKG:1208) Decelerating Rates Of Return

MMG Limited to Report First Half, 2023 Results on Aug 15, 2023

These 4 Measures Indicate That MMG (HKG:1208) Is Using Debt Extensively

Investor sentiment improves as stock rises 37%

Return Trends At MMG (HKG:1208) Aren't Appealing

Full year 2022 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 11%

MMG Limited Provides Production Guidance for the Year 2023

MMG Limited to Report Fiscal Year 2022 Results on Mar 07, 2023

Investor sentiment improved over the past week

MMG (HKG:1208) Takes On Some Risk With Its Use Of Debt

Investor sentiment improved over the past week

We Like These Underlying Return On Capital Trends At MMG (HKG:1208)

Consensus EPS estimates fall by 27%

Less than half of directors are independent

Consensus forecasts updated

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

MMG Limited Announces Executive Changes