Metals X Limited (MLX) AI Stock Analysis

• Market Cap: AU$975.03M
• Dividend Yield: N/A
• Average Volume (3M): 2.44M
• Price to Earnings (P/E): 7.0
• Beta (1Y): 0.78
• Revenue Growth: 45.73%
• EPS Growth: 716.15%
• Country: AU
• Employees: 175
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.06
• Shares Outstanding: 886,391,540
• 10 Day Avg. Volume: 2,915,295
• 30 Day Avg. Volume: 2,435,374
• PEG Ratio: <0.01
• Price to Book (P/B): 0.88
• Price to Sales (P/S): 1.71
• P/FCF Ratio: 3.65
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$1.00
• Price Target Upside: -7.80% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.16
• Revenue Forecast (FY): AU$412.57M

• Rating: 81 Outperform
• Price Target: AU$1.00 ▼(-8.26% Downside)

Metals X Limited's strong financial performance and attractive valuation are the primary drivers of its high overall stock score. The positive technical indicators further support the stock's favorable outlook.

Positive Factors

Revenue Growth

Strong revenue growth indicates expanding market presence and effective sales strategies, supporting long-term business sustainability.

Cash Generation

Robust cash generation enhances financial flexibility, enabling strategic investments and debt reduction, bolstering future growth.

Balance Sheet Health

Minimal leverage and strong equity position reduce financial risk, providing a stable foundation for long-term operations and growth.

Negative Factors

Commodity Price Dependence

Dependence on volatile commodity prices can lead to unpredictable revenue streams, impacting financial stability and planning.

Industry Cyclicality

Cyclicality in the mining sector can lead to periods of reduced demand and profitability, affecting long-term financial performance.

Environmental Regulations

Stricter environmental regulations could increase operational costs and compliance burdens, impacting profitability and strategic flexibility.

Metals X Limited Business Overview & Revenue Model

Company Description

Metals X Limited engages in the production of tin in Australia. The company holds a 50% interest in the Renison tin project located on the Northwest Tasmania. It also invests in companies undertaking exploration and development of tin, gold, and base metals projects. Metals X Limited was incorporated in 2004 and is based in South Perth, Australia.

How the Company Makes Money

Metals X generates revenue primarily through the sale of tin and copper concentrates from its mining operations. The company's revenue model is based on producing and selling these minerals to domestic and international markets, capitalizing on fluctuating commodity prices. Key revenue streams include contracts with smelters and traders, which provide a consistent demand for their products. Additionally, Metals X benefits from strategic partnerships and joint ventures that enhance its operational capabilities and market reach. The company also invests in exploration projects to expand its resource base, which can lead to increased production and revenue in the future.

Metals X Limited Financial Statement Overview

Summary

Metals X Limited demonstrates strong financial health with high profitability, robust revenue growth, minimal leverage, and substantial cash flows. These factors contribute to a high financial performance score.

Income Statement

Metals X Limited demonstrates strong profitability with a net profit margin of 46.8% and a gross profit margin of 43.5% for 2024. The company also achieved a significant revenue growth rate of 42.3% compared to 2023. The EBIT and EBITDA margins of 42.3% and 52.7%, respectively, indicate efficient operations and cost management. These factors contribute to a high score for the income statement.

Balance Sheet

The balance sheet of Metals X Limited is robust, with a low debt-to-equity ratio of 0.014, indicating minimal leverage and financial risk. The return on equity (ROE) is impressive at 23.9%, demonstrating effective use of shareholder capital. The equity ratio is high at 84.7%, suggesting a solid financial foundation. These metrics reflect strong financial stability, contributing to a favorable balance sheet score.

Cash Flow

The cash flow statement highlights strong cash generation, with a free cash flow growth rate of 242.8% from 2023 to 2024. The operating cash flow to net income ratio is 1.40, indicating efficient conversion of income to cash. The free cash flow to net income ratio is 1.00, illustrating effective cash flow management. These positive cash flow metrics support a high score for the cash flow statement.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	271.38M	218.82M	153.78M	187.91M	228.88M	93.83M
Gross Profit	123.32M	95.26M	48.63M	87.33M	135.18M	18.69M
EBITDA	147.47M	115.32M	58.68M	95.40M	138.83M	28.67M
Net Income	140.43M	102.35M	14.59M	144.50M	183.89M	87.20M
Balance Sheet
Total Assets	556.70M	505.03M	413.86M	355.20M	351.68M	183.40M
Cash, Cash Equivalents and Short-Term Investments	230.88M	220.64M	143.04M	113.93M	122.25M	13.89M
Total Debt	3.87M	6.15M	8.36M	3.34M	3.56M	40.00M
Total Liabilities	76.26M	77.26M	58.70M	35.55M	42.00M	86.28M
Stockholders Equity	480.44M	427.77M	334.23M	319.65M	309.68M	138.65M
Cash Flow
Free Cash Flow	108.11M	102.63M	29.93M	-7.28M	113.22M	-18.26M
Operating Cash Flow	145.09M	143.57M	64.86M	11.56M	150.00M	4.40M
Investing Cash Flow	-84.64M	-55.45M	-32.65M	-18.84M	-23.83M	12.69M
Financing Cash Flow	-11.21M	-10.51M	-3.10M	-1.04M	-17.39M	-17.71M

Metals X Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.09
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MLX, the sentiment is Positive. The current price of 1.09 is above the 20-day moving average (MA) of 0.97, above the 50-day MA of 0.89, and above the 200-day MA of 0.68, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 70.84 is Negative, neither overbought nor oversold. The STOCH value of 95.07 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MLX.

Metals X Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MLX	81 Outperform	AU$975.03M	6.96	33.38%	―	45.73%	716.15%
AMI	64 Neutral	AU$423.14M	8.82	14.01%	―	10.84%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CHN	49 Neutral	AU$863.81M	-35.21	-16.67%	―	―	38.72%
LOT	48 Neutral	AU$489.12M	-28.03	-7.50%	―	―	51.47%
MAU	44 Neutral	AU$390.00M	-25.39	-179.67%	―	-100.00%	-6.00%
SVM	42 Neutral	AU$388.16M	-8.99	-90.12%	―	―	-98.20%

Metals X Limited Corporate Events

Metals X Limited Relocates Principal Office to South Perth

Metals X Limited has announced a change in its registered office and principal place of business to a new location in South Perth, Western Australia. This move is part of the company’s ongoing operational adjustments, although contact details such as the telephone number remain unchanged. The relocation may have implications for the company’s operational efficiency and stakeholder engagement.

Metals X Limited Reinforces Stake in First Tin Plc with Share Placement Participation

Metals X Limited announced its participation in a share placement by First Tin Plc, a company in which it holds a 29.91% stake. First Tin is raising £6.3 million through a private placement of new shares, and Metals X has committed to subscribing for a portion of these shares to maintain its interest at 29.95%. This move reflects Metals X’s strategic focus on maintaining its investment in the tin sector, potentially impacting its market position and stakeholder interests.

Metals X Limited Boosts Investment in Elementos Capital Raise

Metals X Limited has announced its participation in Elementos Limited’s capital raising initiative, which aims to generate up to A$11.6 million through a private placement and entitlement offer. Metals X is committed to investing A$550,315 in the entitlement offer and up to A$2,716,353 in the placement, contingent on other shareholders’ participation, maintaining their interest below 19.99% of Elementos’ expanded capital. This strategic move is expected to strengthen Metals X’s investment portfolio and influence in the tin market.

Metals X Updates Renison Tin Reserve, Projects Over 10-Year Mine Life

Metals X Limited has announced an update to the Ore Reserve estimate for its Renison Tin Operations, revealing a decrease in both total reserve ore tonnes and contained tin over the past year. Despite this, the mine’s life is projected to be over 10 years, with continued exploration efforts expected to further extend its longevity. The inclusion of the Ringrose orebody into the resource inventory and ongoing drilling programs highlight the company’s commitment to maintaining its position as a significant global tin producer.

Metals X Limited Releases New Presentation with Cautionary Insights

Metals X Limited has released a presentation prepared and authorized by its Board, which should be read alongside their previous annual and half-year reports. The presentation contains general information, including forecasts and forward-looking statements, but does not offer a complete evaluation for investment decisions. The company emphasizes that past performance is not indicative of future results, and future performance is subject to various risks and uncertainties.