MMG Future Growth

Future criteria checks 4/6

MMG is forecast to grow earnings and revenue by 63.2% and 15% per annum respectively. EPS is expected to grow by 64.5% per annum. Return on equity is forecast to be 16.4% in 3 years.

Key information

63.2%

Earnings growth rate

64.5%

EPS growth rate

Metals and Mining earnings growth	20.6%
Revenue growth rate	15.0%
Future return on equity	16.4%
Analyst coverage	Good
Last updated	21 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

SZSC:1208 - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	6,138	645	1,936	2,377	8
12/31/2025	5,907	446	1,670	2,222	8
12/31/2024	4,546	221	-1,038	1,579	8
6/30/2024	4,369	89	1,028	1,940	N/A
3/31/2024	4,358	49	1,044	1,895	N/A
12/31/2023	4,347	9	1,059	1,850	N/A
9/30/2023	4,044	22	759	1,486	N/A
6/30/2023	3,742	34	460	1,123	N/A
3/31/2023	3,498	103	363	978	N/A
12/31/2022	3,254	172	266	832	N/A
9/30/2022	3,241	259	572	1,105	N/A
6/30/2022	3,227	347	877	1,378	N/A
3/31/2022	3,740	507	1,427	1,965	N/A
12/31/2021	4,253	667	1,978	2,552	N/A
9/30/2021	4,270	580	1,869	2,426	N/A
6/30/2021	4,287	493	1,761	2,300	N/A
3/31/2021	3,660	214	1,301	1,829	N/A
12/31/2020	3,034	-65	842	1,358	N/A
9/30/2020	2,919	-186	740	1,290	N/A
6/30/2020	2,805	-307	638	1,222	N/A
3/31/2020	2,908	-269	653	1,183	N/A
12/31/2019	3,012	-230	669	1,145	N/A
9/30/2019	3,085	-185	683	1,113	N/A
6/30/2019	3,159	-140	697	1,080	N/A
3/31/2019	3,415	-38	1,045	1,406	N/A
12/31/2018	3,670	65	1,394	1,732	N/A
9/30/2018	3,785	163	N/A	N/A	N/A
6/30/2018	3,900	261	1,737	2,195	N/A
3/31/2018	3,826	203	N/A	2,283	N/A
12/31/2017	3,751	144	N/A	2,370	N/A
9/30/2017	3,702	45	N/A	N/A	N/A
6/30/2017	3,653	-53	N/A	1,781	N/A
3/31/2017	3,071	-103	N/A	1,251	N/A
12/31/2016	2,489	-153	N/A	722	N/A
9/30/2016	1,956	-613	N/A	430	N/A
6/30/2016	1,423	-1,073	N/A	137	N/A
3/31/2016	1,687	-1,050	N/A	210	N/A
12/31/2015	1,951	-1,026	N/A	282	N/A
9/30/2015	2,178	-504	N/A	476	N/A
6/30/2015	2,404	18	N/A	669	N/A
3/31/2015	2,446	61	N/A	668	N/A
12/31/2014	2,487	104	N/A	667	N/A
9/30/2014	2,488	111	N/A	607	N/A
6/30/2014	2,489	118	N/A	547	N/A
3/31/2014	2,479	110	N/A	551	N/A
12/31/2013	2,470	103	N/A	555	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1208's forecast earnings growth (63.2% per year) is above the savings rate (2.3%).

Earnings vs Market: 1208's earnings (63.2% per year) are forecast to grow faster than the Hong Kong market (11.6% per year).

High Growth Earnings: 1208's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 1208's revenue (15% per year) is forecast to grow faster than the Hong Kong market (7.8% per year).

High Growth Revenue: 1208's revenue (15% 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 (16.4%).

MMG Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

MMG Limited Provides Production Guidance for the Full Year 2024

MMG Limited Provides Production Guidance for the Full Year 2023

MMG Limited Provides Production Guidance for the Year 2023

MMG Limited Provides Production Guidance for the Full Year 2022

MMG Limited Provides Production Guidance for the Year 2022

MMG Limited Provides Production Guidance for the Year 2022

Recent updates

Investor sentiment improves as stock rises 18%

First half 2024 earnings released: EPS: US$0.002 (vs US$0.007 loss in 1H 2023)

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

First half 2024 earnings released: EPS: US$0.002 (vs US$0.007 loss in 1H 2023)

MMG Limited Provides Production Guidance for the Full Year 2024

New minor risk - Shareholder dilution

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

New minor risk - Shareholder dilution

Insufficient new directors

Full year 2023 earnings released: EPS: US$0.001 (vs US$0.02 in FY 2022)

MMG Limited Announces Board Changes

MMG Limited, Annual General Meeting, May 23, 2024

Full year 2023 earnings released: EPS: US$0.001 (vs US$0.02 in FY 2022)

Investor sentiment improves as stock rises 15%

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

Investor sentiment deteriorates as stock falls 17%

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

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

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%

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

Investor sentiment improves as stock rises 37%

Full year 2022 earnings released: EPS: US$0.02 (vs US$0.079 in FY 2021)

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

Less than half of directors are independent

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

MMG Limited Announces Executive Changes

MMG Limited Provides Production Guidance for the Full Year 2022

MMG Reportedly Lobs Bid for Eva Copper Mine Project

First half 2022 earnings released: EPS: US$0.009 (vs US$0.049 in 1H 2021)

MMG Limited Provides Production Guidance for the Year 2022

MMG Limited to Report First Half, 2022 Results on Aug 18, 2022

Full year 2021 earnings released: EPS: US$0.079 (vs US$0.008 loss in FY 2020)

Less than half of directors are independent

Investor sentiment improved over the past week

Less than half of directors are independent

Investor sentiment improved over the past week

Investor sentiment improved over the past week

MMG Limited Provides Production Guidance for the Year 2022

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Less than half of directors are independent

MMG Limited Provides Earnings Guidance for the Half Year Ended June 30, 2021

MMG Limited has completed a Follow-on Equity Offering in the amount of HKD 2.34475 billion.

MMG Limited Provides Production Guidance for the Year 2021

MMG Limited to Report Fiscal Year 2020 Results on Apr 19, 2021

MMG Limited, Annual General Meeting, May 20, 2021

MMG Limited Announces Las Bambas Update

MMG Limited to Report Fiscal Year 2020 Results on Mar 03, 2021

MMG Limited to Report First Half, 2020 Final Results on Aug 19, 2020

MMG Limited Provides Earnings Guidance for the Half Year Ended 30 June 2020

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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