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Magnetite Mines Ltd

Basic Materials AU MGT

0.35AUD
-0.03(7.89%)

Last update at 2024-05-20T03:40:00Z

Day Range

0.350.39
LowHigh

52 Week Range

0.240.57
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Income before tax -5.33119M -3.66166M -1.73283M -0.37351M -1.34466M
Minority interest - - - - -
Net income -5.33119M -3.66166M -1.73283M -0.37351M -1.35085M
Selling general administrative 4.39M 2.84M 1.27M 0.67M 0.77M
Selling and marketing expenses 3.74M 2.48M 1.10M 0.52M -
Gross profit 0.21M 0.20M -0.75945M 0.58M -0.52174M
Reconciled depreciation 0.26M 0.11M 0.00919M 0.00998M 0.02M
Ebit -5.22620M -3.55129M -1.62866M -0.25855M -1.16235M
Ebitda -4.97052M -3.44451M -1.61943M -0.24846M -1.14688M
Depreciation and amortization 0.26M 0.11M 0.00924M 0.01M 0.02M
Non operating income net other - - - - -
Operating income -5.46579M -3.59895M -1.68630M -1.29761M -1.16235M
Other operating expenses 5.68M 3.80M 1.65M 0.28M 1.16M
Interest expense 0.10M 0.11M 0.10M 0.12M 0.18M
Tax provision 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Interest income 0.14M 0.05M 0.02M 0.00074M 0.00113M
Net interest income 0.14M -0.06171M -0.08073M -0.11774M -0.16058M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 0.32M 0.30M 0.14M 0.02M 0.00618M
Total revenue 0.21M 0.20M 0.02M 1.04M 0.02M
Total operating expenses 5.68M 3.79M 1.69M 1.30M 1.16M
Cost of revenue 2.41M 1.43M 0.78M 0.46M 0.54M
Total other income expense net 0.21M 0.19M 0.03M 1.04M -0.18232M
Discontinued operations - - - - -
Net income from continuing ops -5.33119M -3.66166M -1.73283M -0.37351M -1.34466M
Net income applicable to common shares -5.33119M -3.66166M -1.73283M -0.37351M -1.34466M
Preferred stock and other adjustments - - - - -
Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Total assets 38.97M 45.79M 29.70M 10.42M 9.43M
Intangible assets 0.00000M 0.00003M 0.00005M 0.00011M 0.00021M
Earning assets - - - - -
Other current assets - 0.02M 0.00976M 0.00961M 0.00656M
Total liab 3.66M 6.44M 2.81M 2.29M 2.76M
Total stockholder equity 35.31M 39.35M 26.89M 8.14M 6.67M
Deferred long term liab - - - - -
Other current liab 3.12M 0.80M 0.51M 0.27M 0.23M
Common stock 89.51M 89.55M 74.55M 54.39M 52.62M
Capital stock 89.51M 89.55M 74.55M 54.39M 52.62M
Retained earnings -67.60158M -62.27038M -58.60873M -56.87589M -56.50238M
Other liab - - - - -
Good will - - - - -
Other assets 0.11M 0.11M 0.03M 0.03M 0.03M
Cash 5.13M 19.35M 16.59M 0.83M 0.23M
Cash and equivalents - 16.96M 16.59M 0.83M 0.23M
Total current liabilities 3.53M 4.33M 0.83M 0.31M 2.76M
Current deferred revenue -2.28885M -0.10082M -0.10082M -0.10208M -
Net debt -2.71047M -17.13481M -14.61292M 1.25M 2.27M
Short term debt 2.29M 0.10M 0.10M 0.10M 2.50M
Short long term debt 1.98M - - 0.10M 2.50M
Short long term debt total 2.42M 2.21M 1.98M 2.08M 2.50M
Other stockholder equity -21.91171M -27.28106M -15.94557M 10.62M 10.55M
Property plant equipment 33.45M 25.59M 12.91M 9.53M 9.16M
Total current assets 5.41M 20.09M 16.76M 0.86M 0.24M
Long term investments 0.11M 0.11M 0.03M - 0.03M
Net tangible assets 35.31M 39.35M 26.89M 8.14M 6.67M
Short term investments 3.13M 16.96M - - -
Net receivables 0.25M 0.72M 0.16M 0.02M 0.00835M
Long term debt 0.00000M 1.98M 1.98M 1.98M 0.00000M
Inventory - - - - -
Accounts payable 0.40M 3.53M 0.33M 0.04M 0.04M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 13.40M 12.07M 10.95M 10.62M 10.55M
Additional paid in capital - - - - -
Common stock total equity - - - 54.39M 52.62M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other - -25.59349M -12.90832M -9.52856M 0.03M
Deferred long term asset charges - - - - -
Non current assets total 33.56M 25.71M 12.94M 9.56M 9.19M
Capital lease obligations 0.45M 0.24M - - -
Long term debt total 0.14M 2.11M 1.98M 1.98M 0.00000M
Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Investments -9.98089M -10.04252M -3.17211M -0.33165M -0.32749M
Change to liabilities -0.60871M 0.77M 0.40M -0.04457M -0.30850M
Total cashflows from investing activities -9.98089M -10.04252M -3.17211M -0.33165M -0.32749M
Net borrowings -0.23425M -0.06962M -0.10000M 0.10M 0.10M
Total cash from financing activities -0.35820M 15.10M 20.06M 1.81M 0.30M
Change to operating activities - - - - -
Net income -5.33119M -3.66166M -1.73283M -0.37351M -1.35085M
Change in cash -14.21273M 2.76M 15.76M 0.60M -1.51661M
Begin period cash flow 19.35M 16.59M 0.83M 0.23M 1.74M
End period cash flow 5.13M 19.35M 16.59M 0.83M 0.23M
Total cash from operating activities -3.87364M -2.30332M -1.13437M -0.87793M -1.48616M
Issuance of capital stock 0.00083M 16.12M 21.02M 1.89M 0.30M
Depreciation 0.27M 0.11M 0.02M 0.19M 0.02M
Other cashflows from investing activities 0.00475M -0.08000M 0.00300M 0.00606M -0.11194M
Dividends paid 0.36M 15.11M 20.06M 1.61M -
Change to inventory - - - - -
Change to account receivables 0.46M -0.56491M -0.14120M -0.01746M 0.09M
Sale purchase of stock -0.12479M -0.95583M -0.85543M -0.18142M -0.18142M
Other cashflows from financing activities 0.72M 15.11M -3.17211M 1.81M 0.28M
Change to netincome 1.33M 1.05M 0.33M -0.63418M 0.04M
Capital expenditures 9.99M 9.97M 3.18M 0.34M 0.22M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 0.46M -0.56491M -0.14120M -0.01746M 0.01M
Stock based compensation 1.33M 1.04M 0.32M 0.06M -
Other non cash items 1.19M 1.24M 0.58M -0.69611M 1.33M
Free cash flow -13.85928M -12.26975M -4.30948M -1.21564M -0.22048M

Fundamentals

  • Previous Close 0.38
  • Market Cap39.37M
  • Volume207212
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-5.25032M
  • Revenue TTM0.24M
  • Revenue Per Share TTM0.003
  • Gross Profit TTM 0.21M
  • Diluted EPS TTM-0.07

Peer Comparison

Sector: Basic Materials Industry: Other Industrial Metals & Mining

Company Change (AUD) Price (AUD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
MGT
Magnetite Mines Ltd		 -0.03 7.89% 0.35 - - 110.38 0.67 - -4.55
BHP
BHP Group Limited		 0.96 2.14% 45.85 20.25 10.96 4.14 3.62 4.49 10.98
RIO
Rio Tinto Ltd		 3.93 2.97% 136.08 13.99 12.76 3.84 2.48 3.97 10.19
FMG
Fortescue Ltd		 0.51 1.89% 27.45 9.40 11.96 4.27 2.66 4.34 7.84
S32
South32 Ltd		 0.09 2.26% 3.85 - 19.57 2.13 1.05 2.41 57.56

Reports Covered

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Profile

Magnetite Mines Limited engages in the exploration of mineral properties in South Australia. Its flagship project is the Razorback Iron Ore project that includes the Razorback and Iron Peak deposits located in Adelaide, South Australia. The company was formerly known as Royal Resources Limited and changed its name to Magnetite Mines Limited in December 2015. Magnetite Mines Limited was incorporated in 2004 and is headquartered in Adelaide, Australia.

Magnetite Mines Ltd

30 Currie Street, Adelaide, SA, Australia, 5000

Key Executives

Name Title Year Born
Mr. Ian Bruce Kirkham A.Aus.I.M.M., CA, Ec. Company Sec. & CFO 1965
Mr. Peter James Schubert Non-Exec. Director NA
Mr. Timothy Dobson BAppSc, GAICD, MAusIMM Chief Exec. Officer NA
Gemma Brosnan Gen. Mang. of External Affairs NA
Allan Kane GM of Sustainability NA
Mr. Timothy Dobson BAppSc, GAICD, MAusIMM Chief Executive Officer NA
Mr. Simon David Lee Smith B.Bus, B.Com., C.A., CA CFO & Joint Company Secretary 1973
Mr. Timothy Dobson BAppSc, GAICD, MAusIMM Chief Executive Officer NA
Mr. Simon David Lee Smith B.Bus, B.Com., C.A., CA CFO & Joint Company Secretary 1973
Ms. Inthu Siva Company Secretary & Financial Controller NA

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