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MGT · ASX

Magnetite Mines Ltd. (ASX:MGT)

AU$0.27

 -0.01 (-3.571%)
ASX:Live
26/07/2024 04:10:15 PM
HALO Ords GROWTH AUS All-Companies
Consensus Score
/10
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MGT Overview

MGT Health Scores

Short Term

Mean Reversion

Neutral

Trend

Neutral

Event

Neutral

Halo Model

MQV

Very Strong

GARP

Very Strong

MQV Small

Neutral

Valuation

Value

Consensus

Momentum

Price

Weak

Earnings

Very Strong

Growth

Earnings

Very Strong

Dividends

Very Strong

Quality

Capital Efficiency

Very Strong

Balance Sheet

Very Strong

About MGT

Website

Magnetite Mines Ltd.

Telephone

61.8.8427.0516

Address

Suite 3, Level 3 30 Currie Street Adelaide, South Australia (SA) 5000

Description

Magnetite Mines Ltd. operates as a mineral exploration company, which explores and develops mineral properties. The firm's projects include Razorback Iron Ore and Muster Dam Iron Ore. The company was founded on February 23, 2004, and is headquartered in Wayville, Australia.

MGT Price Chart

Key Stats

Market Cap

AU$33.30M

PE

N/A

EV/EBITDA

N/A

Dividends Overview

DIV Yield

N/A

Franking

N/A

Ex Dividend Date (est.)

N/A

Market Data

52 weeks range

Low 0.24 - 0.57

Trade Value (12mth)

AU$10,199.00

1 week

-6.67%

1 month

1.82%

YTD

-6.45%

1 year

-35.35%

All time high

15.74

Key Fundamentals

EPS 3 yr Growth

378.600%

EBITDA Margin

N/A

Operating Cashflow

-$4m

Free Cash Flow Return

-10.10%

ROIC

-13.90%

Interest Coverage

-36.20

Quick Ratio

1.50

Other Data

Shares on Issue (Fully Dilluted)

78m

HALO Sector

Mining

Next Company Report Date

26-Sep-24

Ex Dividend Date (est.)

N/A

Next Dividend Pay Date (est.)

N/A

Reporting Currency

AUD

Short Sell (% of issue)

0.00

MGT Announcements

Latest Announcements

Date Announcements

24 July 24

Entitlement Offer closes raising $1.17M, Shortfall commenced

×

Entitlement Offer closes raising $1.17M, Shortfall commenced

22 July 24

Green Iron grade concentrates produced using saline water

×

Green Iron grade concentrates produced using saline water

18 July 24

Memorandum of Understanding with Zen Energy

×

Memorandum of Understanding with Zen Energy

15 July 24

Progress Update Webinar with CEO Tim Dobson

×

Progress Update Webinar with CEO Tim Dobson

09 July 24

Extension of Entitlement Offer closing date to 19 July 2024

×

Extension of Entitlement Offer closing date to 19 July 2024

09 July 24

Update - Proposed issue of securities - MGT

×

Update - Proposed issue of securities - MGT

08 July 24

Agreement signed with JFE Shoji to fund DFS

×

Agreement signed with JFE Shoji to fund DFS

08 July 24

Updated Disclosure notification - Entitlement Offer

×

Updated Disclosure notification - Entitlement Offer

08 July 24

Estimated Annual Distribution Component Information (ROY-AU)

×

Estimated Annual Distribution Component Information (ROY-AU)

04 July 24

Units on Issue Disclosure - June 2024 (ROY-AU)

×

Units on Issue Disclosure - June 2024 (ROY-AU)

01 July 24

Final Distribution Announcement (ROY-AU)

×

Final Distribution Announcement (ROY-AU)

01 July 24

DRP Issue Price (ROY-AU)

×

DRP Issue Price (ROY-AU)

28 June 24

Entitlement Offer Opens for Applications

×

Entitlement Offer Opens for Applications

28 June 24

Entitlement Offer Booklet

×

Entitlement Offer Booklet

28 June 24

Notification to Eligible Shareholders

×

Notification to Eligible Shareholders

28 June 24

Notification to Ineligible Shareholders

×

Notification to Ineligible Shareholders

27 June 24

Estimated Distribution Announcement (ROY-AU)

×

Estimated Distribution Announcement (ROY-AU)

26 June 24

Appendix 3Y - Correction

×

Appendix 3Y - Correction

25 June 24

Appendix 3Y - Correction

×

Appendix 3Y - Correction

24 June 24

Distribution Timetable (ROY-AU)

×

Distribution Timetable (ROY-AU)

20 June 24

Entitlement Offer to Raise up to $5 Million

×

Entitlement Offer to Raise up to $5 Million

20 June 24

Investor Presentation

×

Investor Presentation

20 June 24

Notification under s708AA(2)(f) of the Corporations Act 2001

×

Notification under s708AA(2)(f) of the Corporations Act 2001

20 June 24

Proposed issue of securities - MGT

×

Proposed issue of securities - MGT

20 June 24

Notice to Option holders - Entitlement Offer

×

Notice to Option holders - Entitlement Offer

MGT Fundamentals

Per Share Records

Historical data

Forecast data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Per Share, Growth & Valuations
EPS (Basic) $ Lock Lock Lock Lock -0.03 -0.06 -0.07 Lock Lock Lock
EPS (Fully Diluted) $ Lock Lock Lock Lock -0.03 -0.06 -0.07 Lock Lock Lock
     Growth % Lock Lock Lock Lock -108.3 -88.7 -21.8 Lock Lock Lock
     PE X Lock Lock Lock Lock N/A N/A N/A Lock Lock Lock
     EV/EBITDA X Lock Lock Lock Lock N/A N/A N/A Lock Lock Lock
CFPS $ Lock Lock Lock Lock -0.02 -0.03 -0.05 Lock Lock Lock
FCFPS $ Lock Lock Lock Lock -0.02 -0.04 -0.05 Lock Lock Lock
     Growth % Lock Lock Lock Lock -32.7 -55.1 -47.2 Lock Lock Lock
     Yield % Lock Lock Lock Lock -0.5 -3.6 -13.4 Lock Lock Lock
DPS $ Lock Lock Lock Lock 0.00 0.00 0.00 Lock Lock Lock
     Growth % Lock Lock Lock Lock N/A N/A N/A Lock Lock Lock
     Yield % Lock Lock Lock Lock N/A N/A N/A Lock Lock Lock
     Payout Ratio % Lock Lock Lock Lock 0 0 0 Lock Lock Lock
BPS $ Lock Lock Lock Lock 0.41 0.52 0.46 Lock Lock Lock
BPS (Tangible) $ Lock Lock Lock Lock 0.41 0.52 0.46 Lock Lock Lock
     Growth % Lock Lock Lock Lock 157.4 26.4 -11.6 Lock Lock Lock
Shares Outstanding
Diluted m Lock Lock Lock Lock 57 64 77 Lock Lock Lock
Basic m Lock Lock Lock Lock 57 64 77 Lock Lock Lock

Financial Records

Historical data

Forecast data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Income Statement
Sales $m Lock Lock Lock Lock 0 0 0 Lock Lock Lock
     Growth % Lock Lock Lock Lock N/A N/A N/A Lock Lock Lock
Selling & General Expenses $m Lock Lock Lock Lock 2 3 5 Lock Lock Lock
Gross Income $m Lock Lock Lock Lock 0 0 0 Lock Lock Lock
     Growth % Lock Lock Lock Lock 8.0 -1,062.2 -139.5 Lock Lock Lock
     Margin % Lock Lock Lock Lock N/A N/A N/A Lock Lock Lock
Cost of Goods Sold to Sales % Lock Lock Lock Lock N/A N/A 0 Lock Lock Lock
EBITDA $m Lock Lock Lock Lock -2 -3 -5 Lock Lock Lock
     Growth % Lock Lock Lock Lock -90.3 -119.8 -49.2 Lock Lock Lock
     Margin % Lock Lock Lock Lock N/A N/A N/A Lock Lock Lock
Depreciation & Amortisation $m Lock Lock Lock Lock 0 0 0 Lock Lock Lock
EBIT $m Lock Lock Lock Lock -2 -3 -5 Lock Lock Lock
     Growth % Lock Lock Lock Lock -89.1 -125.4 -52.0 Lock Lock Lock
     Margin % Lock Lock Lock Lock N/A N/A N/A Lock Lock Lock
Pretax Income $m Lock Lock Lock Lock -2 -4 -5 Lock Lock Lock
Income Taxes $m Lock Lock Lock Lock 0 0 0 Lock Lock Lock
Net Income $m Lock Lock Lock Lock -2 -4 -5 Lock Lock Lock
     Growth % Lock Lock Lock Lock -363.9 -111.3 -45.6 Lock Lock Lock
     Margin % Lock Lock Lock Lock N/A N/A N/A Lock Lock Lock
Cash Flow Statement
Net Operating Cash Flow $m Lock Lock Lock Lock -1 -2 -4 Lock Lock Lock
Capital Expenditures $m Lock Lock Lock Lock 3 10 10 Lock Lock Lock
Net Investing Cash Flow $m Lock Lock Lock Lock -3 -10 -10 Lock Lock Lock
Net Financing Cash Flow $m Lock Lock Lock Lock 20 15 0 Lock Lock Lock
Free Cash Flow $m Lock Lock Lock Lock -1 -2 -4 Lock Lock Lock
     Growth % Lock Lock Lock Lock -32.9 -108.0 -61.1 Lock Lock Lock
     Margin % Lock Lock Lock Lock N/A N/A N/A Lock Lock Lock
Franking Balance $m Lock Lock Lock Lock N/A N/A 0 Lock Lock Lock
Balance Sheet
Cash & Short-Term Investments $m Lock Lock Lock Lock 17 19 5 Lock Lock Lock
Total Assets $m Lock Lock Lock Lock 30 46 39 Lock Lock Lock
Long Term Debt $m Lock Lock Lock Lock 2 2 0 Lock Lock Lock
Net Debt $m Lock Lock Lock Lock -15 -17 -3 Lock Lock Lock
Total Liabilities $m Lock Lock Lock Lock 3 6 4 Lock Lock Lock
Equity $m Lock Lock Lock Lock 27 39 35 Lock Lock Lock
Invested Capital Lock Lock Lock Lock 29 41 35 Lock Lock Lock
     Growth % Lock Lock Lock Lock 185.4 43.6 -14.5 Lock Lock Lock
Return Ratios
Return on Assets % Lock Lock Lock Lock -5.8 -8.0 -13.7 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock -6.4 -9.3 -15.1 Lock Lock Lock
Return on Total Capital % Lock Lock Lock Lock -7.8 -9.8 -13.2 Lock Lock Lock
Return on Invested Capital % Lock Lock Lock Lock -8.9 -10.4 -13.9 Lock Lock Lock
Cash Flow Return on Invested Capital % Lock Lock Lock Lock -5.8 -6.5 -10.1 Lock Lock Lock

Ratios Records

Historical data

Forecast data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Leverage
Interest Cover X Lock Lock Lock Lock -15.0 -30.4 -36.2 Lock Lock Lock
Debt to EBITDA X Lock Lock Lock Lock 9.6 5.1 0.5 Lock Lock Lock
Net Debt to Equity % Lock Lock Lock Lock -54.3 -43.5 -7.7 Lock Lock Lock
Liquidity
Current Ratio X Lock Lock Lock Lock 20.1 4.6 1.5 Lock Lock Lock
Quick Ratio X Lock Lock Lock Lock 20.1 4.6 1.5 Lock Lock Lock
Cash & ST Inv/Current Assets % Lock Lock Lock Lock 99.0 96.3 94.9 Lock Lock Lock
CFO/Current Liabilities % Lock Lock Lock Lock -135.9 -53.0 -109.9 Lock Lock Lock
Balance Sheet Efficiency
Receivables Turnover X Lock Lock Lock Lock 0.0 0.0 0.0 Lock Lock Lock
Inventory Turnover X Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
Working Capital Turnover X Lock Lock Lock Lock 0.0 0.0 0.0 Lock Lock Lock
Payables Turnover X Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
Asset Turnover X Lock Lock Lock Lock 0.0 0.0 0.0 Lock Lock Lock
Du Pont
Asset Turnover X Lock Lock Lock Lock 0.0 0.0 0.0 Lock Lock Lock
x Pretax Margin % Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
= Pretax Return on Assets % Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
x Tax Rate Complement (1-Tax Rate) % Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
Return on Assets % Lock Lock Lock Lock -5.8 -8.0 -13.7 Lock Lock Lock
x Equity Multiplier (Assets/Equity) % Lock Lock Lock Lock 1.1 1.2 1.1 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock -6.4 -9.3 -15.1 Lock Lock Lock
x Earnings Retention (1-Payout) % Lock Lock Lock Lock 100.0 100.0 100.0 Lock Lock Lock
= Reinvestment Rate (%) % Lock Lock Lock Lock -6.4 -9.3 -15.1 Lock Lock Lock
Operating Cycle
Days of Inventory on Hand Days Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
+ Days of Sales Outstanding Days Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
Operating Cycle Days Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
- Days of Payables Outstanding Days Lock Lock Lock Lock 7,285.4 6,588.4 2,805.5 Lock Lock Lock
Net Operating Cycle Days Lock Lock Lock Lock -7,285.4 -6,588.4 -2,805.5 Lock Lock Lock

Dividends

Key Stats

Ex Dividend Date (est.)

N/A

DIV Yield

N/A

Franking Level

N/A

DPSg

N/A

Quality Yield

Lock

Falling Divs over next 2

Lock

Values and Recommendations

Key Stats

Consensus Score

Lock

Recommendation

Lock

EPS 1 month Change

Lock

Quality Yield

Lock

Falling Divs over next 2

Lock

Halo Consensus Score

Lock Chart

PEG Ratio

Lock Chart

Consensus EPS Revisions

Lock Chart

Short selling

Key Stats

Percent of Issue

0.00%

Value ($M)

0

Prior Change

N/A

7 Day Change

N/A

1 Month Change

N/A

3 Month Change

N/A

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MGT Shortsell

Frequently Asked Questions

The current share price of Magnetite Mines Ltd. (MGT:ASX) is AU$0.27.
The 52-week high share price for Magnetite Mines Ltd. (MGT:ASX) is AU$0.57.
The 52-week low share price for Magnetite Mines Ltd. (MGT:ASX)? is AU$0.24.
Magnetite Mines Ltd. (MGT:ASX) does not pay a dividend.
Magnetite Mines Ltd. (MGT:ASX) does not pay a dividend.
Magnetite Mines Ltd. (MGT:ASX) has a franking level of 0.0%.
Magnetite Mines Ltd. (MGT:ASX) is classified in the Mining.
The current P/E ratio for Magnetite Mines Ltd. (MGT:ASX) is .
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