METALS X LIMITED (MLX)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

MLX

MLX - METALS X LIMITED

FNArena Sector : Tin
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.05
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.62

09 Jul
2025

0.050

OPEN

$0.58

8.77%

HIGH

$0.62

8,021,008

LOW

$0.56

TARGET
$0.80 29.0% upside
Franking for last dividend paid out: 26%
FNARENA'S MARKET CONSENSUS FORECASTS
MLX: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 11.3 13.0 xxx
DPS (cps) xxx 0.0 N/A xxx
EPS Growth xxx 100.0% 14.6% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 4.7 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A 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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx11.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx218.8 M
Book Value Per Share xxxxxxxxxxxxxxx48.3
Net Operating Cash Flow xxxxxxxxxxxxxxx143.6 M
Net Profit Margin xxxxxxxxxxxxxxx46.77 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx26.86 %
Return on Invested Capital xxxxxxxxxxxxxxx26.62 %
Return on Assets xxxxxxxxxxxxxxx21.72 %
Return on Equity xxxxxxxxxxxxxxx26.86 %
Return on Total Capital xxxxxxxxxxxxxxx22.23 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx103.6 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx4 M
Long Term Debt xxxxxxxxxxxxxxx3 M
Total Debt xxxxxxxxxxxxxxx6 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx221 M
Price To Book Value xxxxxxxxxxxxxxx0.86

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx40.9 M
Capex % of Sales xxxxxxxxxxxxxxx18.71 %
Cost of Goods Sold xxxxxxxxxxxxxxx130 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx14 M

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

Ord Minnett

10/07/2025

1

Buy

$0.80

29.03%

Ord Minnett highlights the potential for Metals X to increase its stake in the Renison tin operation to 61% from 50% for just -$27m, should its offer to acquire up to 28% of joint venture partner Greentech be fully accepted.

The broker notes this highly accretive transaction would lift its net asset value (NAV) estimate by 11.3% to 86cps. The analysts value Greentech’s 82% stake in Renison at a steep -75% discount to its own read-through valuation.

Greentech, suspended from trading since September 2024 due to financial misconduct allegations, has received board and independent adviser support for the offer.

Ord Minnett believes a successful partial offer could pave the way for a full Greentech takeover.

The broker retains a Buy rating and 12-month target price of 80c for Metals X.

FORECAST
Ord Minnett forecasts a full year FY25 EPS of 13.00 cents.
Ord Minnett forecasts a full year FY26 EPS of 4.90 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

20/04/2025

3

Hold

$0.50

-19.35%

Canaccord Genuity reviews fundamentals for base metals and EV materials producers, and updates forecasts for relevant stocks under research coverage.

Overall, the broker lowered its near- to mid-term nickel and copper pricing forecasts, increased near-term cobalt pricing and left lithium pricing unchanged.

The broker also lowered the near-term AUD/USD forecast.

For the March quarter, the broker expects a quarter-on-quarter fall in Metals X's production but higher prices to still lead to cash build, up to $226.7m from $220.6m.

Hold. Target rises to 50c from 43c.
Access Extra Coverage Research History >

MLX STOCK CHART

FNArena News on MLX

1
Australian Broker Call *Extra* Edition – Apr 20, 2025

Apr 22 2025 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Jan 16, 2025

Jan 16 2025 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Oct 17, 2024

Oct 17 2024 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Apr 19, 2023

Apr 19 2023 - Daily Market Reports
5
Copper Super Cycle Temporarily On Halt

Sep 09 2022 - Commodities

Latest Tin News

1
MetalsX: Opportunity Awaits

Feb 08 2022 - Technicals
2
Metals X Raising Tin Profile

Jul 05 2017 - Small Caps