METALS ACQUISITION LIMITED (MAC)
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MAC - METALS ACQUISITION LIMITED

FNArena Sector : Copper
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: 13.06
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$19.60

29 Nov
2024

-0.050

OPEN

$19.00

-0.25%

HIGH

$19.69

124,020

LOW

$19.00

TARGET
$29.00 48.0% upside
OTHER COMPANIES IN THE SAME SECTOR
29M . A1M . AML . AR1 . CNB . CSC . CVV . CYM . FFM . FND . HGO . LEG . MLX . NEM . NWC . SFR . STM . TTM .
FNARENA'S MARKET CONSENSUS FORECASTS
MAC: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 728.1 N/A xxx
DPS (cps) xxx 0.0 N/A xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A 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: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

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 © 2024 FactSet UK Limited. All rights reserved
Title 20222023
EPS Basic xxx-728.1
DPS All xxx0.0
Sales/Revenue xxx239.5 M
Book Value Per Share xxx781.9
Net Operating Cash Flow xxx-17.6 M
Net Profit Margin xxx-90.92 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20222023
Return on Capital Employed xxx-57.82 %
Return on Invested Capital xxx-32.88 %
Return on Assets xxx-18.84 %
Return on Equity xxx-57.82 %
Return on Total Capital xxx-2.74 %
Free Cash Flow ex dividends xxx-55.5 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 20222023
Short-Term Debt xxx110 M
Long Term Debt xxx571 M
Total Debt xxx681 M
Goodwill - Gross xxx-
Cash & Equivalents - Generic xxx47 M
Price To Book Value xxx-

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20222023
Capex xxx37.9 M
Capex % of Sales xxx15.82 %
Cost of Goods Sold xxx214 M
Selling, General & Admin. Exp & Other xxx45 M
Research & Development xxx-
Investments - Total xxx6 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

24/07/2024

1

Buy

$29.00

47.96%

Copper production for Metals Acquisition in the 2Q of 10,900t beat expectations by Ord Minnett and consensus by 4% and 10%, respectively, largely due to improved ore grades.

Management noted 2024 production is tracking near the midpoint of the prior guidance range of between 38,000-43,000t.

The Buy rating is maintained, and the target slips to $29 from $30 after the broker incorporates -2% worse costs into forecasts to reflect the latest rate of expenditure and some conservatism.
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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Moelis

23/10/2024

1

Upgrade to Buy from Hold

$25.00

27.55%

Moelis believes Metals Acquisition's Q3 production report was "solid" with lots of progress being made to increase production and lower costs.

The broker believes the company is on track to meet its guidance for 2025, with potential upside for 2026.

The commencement of a separate mining area at QTS South Upper will in due course add both tonnes and grade to the feed blend, the broker adds.

The recent drop in the share price has triggered an upgrade to Buy from Hold. Target price has improved to $25 which, the broker highlights, makes the shares look cheap.

FORECAST
Moelis forecasts a full year FY24 dividend of 0.00 cents and EPS of 42.80 cents.
Moelis forecasts a full year FY25 dividend of 0.00 cents and EPS of 137.70 cents.

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Extra Coverage Research History >

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