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: December
GICS Industry Group : Materials
Debt/EBITDA: 0.05
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.25

15 Jan
2026

0.020

OPEN

$1.24

1.63%

HIGH

$1.29

9,067,627

LOW

$1.23

TARGET
$1.05 -16.0% downside
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 10.4 xxx
DPS (cps) xxx 0.0 N/A xxx
EPS Growth xxx 100.0% - 8.3% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 12.0 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 © 2026 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

26/11/2025

1

Buy

$1.05

-16.00%

Ord Minnett highlights an interview with Metals X's executive director, Brett Smith, considering it valuable insight into the company's plans. He indicated the company would like to grow its tin exports from 5000tpa at present to 20-22,000tpa.

The broker considers this a challenging target but potentially viable, along with substantial debt. The company could control that quantity of tin-in-concentrate by 2029-30 if it succeeds in buying 40% of Greentech and fully funds its combined 66% of the $500m Rentails project.

Ord Minnett retains a Buy rating and $1.05 target.

FORECAST
Ord Minnett forecasts a full year FY25 EPS of 10.40 cents.
Ord Minnett forecasts a full year FY26 EPS of 7.90 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

12/01/2026

1

Buy

$1.25

0%

Canaccord Genuity notes base metals have continued to perform strongly, supported by global growth, with copper a standout due to tight supply, surging demand and zero TCRCs highlighting concentrate scarcity. TCRC stands for Treatment and Refining Charges.

The broker revised its base metals outlook, lifting near-term prices across all metals (except lead) and raising long-term assumptions for copper, aluminium, cobalt and tin. Copper’s long-term price forecast increased by 22% to US$5.50/lb to reflect a structural market shift.

At Metals X's December quarterly, the broker expects slightly higher tin production of 2.5kt and stronger pricing to lift EBITDA.

Buy maintained. Target rises to $1.25 from $0.95 on a higher tin price forecast.
Access Extra Coverage Research History >

MLX STOCK CHART

FNArena News on MLX

1
Australian Broker Call *Extra* Edition – Jan 15, 2026

Jan 15 2026 - Daily Market Reports
2
In Case You Missed It – BC Extra Upgrades & Downgrades – 10-10-25

Oct 10 2025 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Oct 10, 2025

Oct 10 2025 - Daily Market Reports
4
FNArena Corporate Results Monitor – 27-08-2025

Aug 27 2025 - Australia
5
Australian Broker Call *Extra* Edition – Apr 20, 2025

Apr 22 2025 - Daily Market Reports

Latest Tin News

1
MetalsX: Opportunity Awaits

Feb 08 2022 - Technicals
2
Metals X Raising Tin Profile

Jul 05 2017 - Small Caps