MOUNT GIBSON IRON LIMITED (MGX)
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MGX - MOUNT GIBSON IRON LIMITED

FNArena Sector : Iron Ore
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.11
Index: ALL-ORDS

Mount Gibson Iron is an Australian iron ore producer with operations in the Kimberley and mid-west region of Western Australia. The Mount Gibson name was listed on the ASX in 2002.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.46

15 Apr
2024

0.010

OPEN

$0.45

2.22%

HIGH

$0.46

745,163

LOW

$0.45

TARGET
$0.50 8.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BCI . CIA . DRR . FMG . GEN . GRR . MIN . RHK .
FNARENA'S MARKET CONSENSUS FORECASTS
MGX: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 17.5 xxx
DPS (cps) xxx N/A 9.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 2.6 xxx
Dividend Yield xxx N/A 19.6% xxx
Div Pay Ratio(%) xxx N/A 51.4% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.00

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 01/09 - ex-div 2c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx0.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx452.7 M
Book Value Per Share xxxxxxxxxxxxxxx44.5
Net Operating Cash Flow xxxxxxxxxxxxxxx130.6 M
Net Profit Margin xxxxxxxxxxxxxxx1.14 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx0.97 %
Return on Invested Capital xxxxxxxxxxxxxxx0.95 %
Return on Assets xxxxxxxxxxxxxxx0.70 %
Return on Equity xxxxxxxxxxxxxxx0.97 %
Return on Total Capital xxxxxxxxxxxxxxx17.11 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx58.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx11 M
Long Term Debt xxxxxxxxxxxxxxx12 M
Total Debt xxxxxxxxxxxxxxx23 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx162 M
Price To Book Value xxxxxxxxxxxxxxx0.98

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx74.0 M
Capex % of Sales xxxxxxxxxxxxxxx16.35 %
Cost of Goods Sold xxxxxxxxxxxxxxx341 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx17 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

18/03/2024

1

Outperform

$0.50

8.70%

Macquarie updates resource company earnings estimates after raising 2024/25 forecasts for copper, gold, zinc and nickel by 11%/4%, 4%/6% and 7%/5%, respectively. 

The broker's iron ore and spodumene forecasts across 2026/27 were cut by -14/-27% and -10%/-29%, respectively. For the longer-term, alumina, zinc and copper forecasts were raised by 18%, 4% and 1%, respectively.

Macquarie holds an Underweight view for iron ore and thermal coal and an Overweight outlook for aluminium, nickel, lithium, copper and metallurgical coal.

The target for Mount Gibson Iron falls to 50c from 55c. Outperform.

FORECAST
Macquarie forecasts a full year FY24 dividend of 9.00 cents and EPS of 17.50 cents.
Macquarie forecasts a full year FY25 dividend of 9.00 cents and EPS of 18.40 cents.

MGX STOCK CHART