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Metarock Group Limited (AU:MYE)
ASX:MYE

Metarock Group Limited (MYE) AI Stock Analysis

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AU

Metarock Group Limited

(Sydney:MYE)

Rating:66Neutral
Price Target:
AU$0.00
▼(-100.00%Downside)
The overall stock score of 65.5 reflects a strong valuation component, supported by a low P/E ratio and a reasonable dividend yield, suggesting the stock is undervalued. Technical analysis shows positive momentum with prices above key averages. Financial performance is improving, with notable profit margin and debt reduction improvements, though challenges remain in revenue stability and cash conversion. No significant corporate events or earnings call data influenced the score.

Metarock Group Limited (MYE) vs. iShares MSCI Australia ETF (EWA)

Metarock Group Limited Business Overview & Revenue Model

Company DescriptionMetarock Group Limited (MYE) is an Australian company operating in the mining services sector. The company specializes in providing mining contracting services, equipment hire, and other related services to the Australian coal mining industry. With a focus on safety, quality, and efficiency, Metarock Group Limited supports mining operations through a range of services that ensure optimal project delivery and performance.
How the Company Makes MoneyMetarock Group Limited primarily generates revenue through its mining services and equipment hire operations. The company offers a comprehensive suite of services, including underground mining contracting, equipment hire, and labor hire services, which are essential for the operational needs of coal mining companies. By maintaining strong relationships with key players in the mining industry, Metarock Group Limited ensures a steady stream of contracts and projects. Additionally, the company may engage in partnerships and collaborations to enhance its service offerings and expand its market reach, contributing to its earnings.

Metarock Group Limited Financial Statement Overview

Summary
Metarock Group Limited shows a mixed financial performance with improvements in profitability and balance sheet strength. Despite a decrease in revenue, significant profit margin improvements and debt reduction indicate strategic shifts and operational efficiencies. Cash flow improvements are promising but highlight the need for better cash conversion from profits. Overall, the company is on a positive trajectory but should focus on stabilizing revenue and improving cash conversion.
Income Statement
45
Neutral
The income statement reflects significant volatility with revenue decreasing from $514 million in 2023 to $294 million in 2024. Despite this, gross profit margin improved markedly from 0.29% in 2023 to 79.81% in 2024, indicating strong cost control or strategic shifts. However, the net profit margin was only 13.47% in 2024, highlighting areas for improvement. The positive shift from a net loss in 2023 to a net income in 2024 is a positive development.
Balance Sheet
65
Positive
The balance sheet shows a strong equity position with an equity ratio of 62.38% in 2024, indicating financial stability. The debt-to-equity ratio improved significantly, decreasing from 2.2 in 2023 to 0.10 in 2024, reducing financial risk. However, the return on equity (ROE) of 53.87% shows efficient utilization of equity to generate profits, contributing to a solid balance sheet performance.
Cash Flow
55
Neutral
Cash flow analysis shows a turnaround, with free cash flow turning positive to $12.78 million in 2024 from a negative $30.13 million in 2023. The operating cash flow to net income ratio of 0.43 in 2024 highlights potential issues with cash conversion, suggesting that the high net income is not fully translating into operating cash.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
178.57M294.39M514.21M452.70M233.07M292.67M
Gross Profit
86.51M234.95M1.47M11.00K17.85M24.25M
EBIT
-7.70M22.20M-24.80M-16.73M9.02M16.26M
EBITDA
27.30M31.38M-38.70M17.31M22.30M28.67M
Net Income Common Stockholders
13.16M39.64M-74.01M-12.56M5.86M11.56M
Balance SheetCash, Cash Equivalents and Short-Term Investments
35.16M26.04M12.90M5.23M24.39M25.36M
Total Assets
113.77M117.95M226.96M299.15M133.83M142.89M
Total Debt
7.60M7.22M71.93M101.34M12.56M14.04M
Net Debt
-27.55M-18.82M59.03M96.11M-11.83M-11.32M
Total Liabilities
38.87M44.37M194.20M215.97M58.65M68.98M
Stockholders Equity
74.91M73.58M32.76M83.19M75.18M73.39M
Cash FlowFree Cash Flow
37.60M12.78M-30.14M-21.38M10.29M21.78M
Operating Cash Flow
39.38M17.00M-383.00K20.44M18.29M30.83M
Investing Cash Flow
40.32M67.51M-9.57M-54.24M-8.29M-12.72M
Financing Cash Flow
-47.85M-71.38M17.62M14.64M-10.97M-9.17M

Metarock Group Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.17
Price Trends
50DMA
0.16
Positive
100DMA
0.16
Positive
200DMA
0.16
Positive
Market Momentum
MACD
<0.01
Negative
RSI
53.12
Neutral
STOCH
72.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MYE, the sentiment is Positive. The current price of 0.17 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.16, and above the 200-day MA of 0.16, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.12 is Neutral, neither overbought nor oversold. The STOCH value of 72.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MYE.

Metarock Group Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUNWH
80
Outperform
€1.34B11.5618.01%5.98%13.68%24.51%
AULYL
73
Outperform
$410.30M8.8136.14%1.11%-1.31%-18.79%
AUMMS
72
Outperform
€1.11B12.1774.00%10.38%43.44%165.54%
AUMSV
69
Neutral
AU$54.14M11.867.31%15.69%-12.27%-59.89%
AUMYE
66
Neutral
€54.01M4.1818.93%3.57%-63.55%4555.56%
AUMIN
59
Neutral
$4.66B50.78-33.95%4.54%2.22%-411.10%
58
Neutral
$7.55B3.49-4.45%10.15%0.79%-49.51%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:MYE
Metarock Group Limited
0.17
-0.05
-21.66%
AU:MIN
Mineral Resources Limited
23.45
-37.56
-61.56%
AU:MMS
Mcmillan Shakespeare Limited
15.93
0.65
4.27%
AU:NWH
NRW Holdings Limited
2.91
0.13
4.83%
AU:LYL
Lycopodium Limited
10.46
-0.86
-7.64%
AU:MSV
Mitchell Services Limited
0.26
-0.11
-29.73%

Metarock Group Limited Corporate Events

Mastermyne Group Limited Announces Strategic Board Changes
Jun 10, 2025

Mastermyne Group Limited has announced changes to its board, appointing Mr. Wayne Bull as a Non-Executive Director, succeeding Mr. Murray Smith. Mr. Bull brings over 40 years of experience in the resources sector, enhancing the company’s strategic and operational capabilities. Additionally, Mr. Ben Gargett is set to join the board as a nominee from M Resources, further strengthening the company’s governance and oversight. These changes reflect Mastermyne’s ongoing commitment to bolstering its leadership and aligning with strategic investments from M Resources.

The most recent analyst rating on (AU:MYE) stock is a Buy with a A$0.36 price target. To see the full list of analyst forecasts on Metarock Group Limited stock, see the AU:MYE Stock Forecast page.

Mastermyne Group Shifts Share Registry to Enhance Shareholder Management
Jun 6, 2025

Mastermyne Group Limited has announced a change in its share registry management, transferring its register from MUFG Corporate Markets (AU) Limited to Computershare Investor Services Pty Limited, effective from June 16, 2025. This transition is expected to enhance shareholder management through Computershare’s online Investor Centre, allowing shareholders to manage their holdings more efficiently.

The most recent analyst rating on (AU:MYE) stock is a Buy with a A$0.36 price target. To see the full list of analyst forecasts on Metarock Group Limited stock, see the AU:MYE Stock Forecast page.

Metarock Group Limited Announces Cessation of Securities
Apr 23, 2025

Metarock Group Limited, previously known as Mastermyne Group Limited, announced the cessation of 628,753 ordinary fully paid securities due to a minimum holding buy-back. This move is part of the company’s capital management strategy, potentially impacting its market positioning by optimizing its capital structure.

Mastermyne Completes Unmarketable Parcel Share Buyback
Apr 23, 2025

Mastermyne Group Limited has completed a share buyback for unmarketable parcels, allowing shareholders with shares valued under $500 to sell without incurring brokerage fees. This move reduced administrative costs and involved 628,753 shares from 449 shareholders, representing 30.5% of the company’s total shareholders.

Mastermyne Secures Contract Extension with Anglo American Amid Operational Challenges
Apr 6, 2025

Mastermyne Group Limited has secured a six-month extension of its contracts with Anglo American Steelmaking Coal, expected to generate $25-$30 million in revenue. This extension reinforces Mastermyne’s long-standing partnership with Anglo American, highlighting its significant role in supporting underground mining operations in Central Queensland. However, Anglo American’s Moranbah North Mine has temporarily suspended operations due to a recent incident, with only essential services currently being conducted.

Mastermyne Secures $180 Million Contract for Appin Mine Services
Mar 25, 2025

Mastermyne Group Limited has secured a contract with GM Illawarra Met Coal Pty Ltd for mining services at the Appin mine in New South Wales. The contract, initially set for three years with a potential two-year extension, is expected to generate $180 million in revenue and create approximately 200 jobs. This agreement marks Mastermyne’s return to the Illawarra region and is seen as a significant step in the company’s growth strategy, strengthening its relationship with GM3.

ASX Lifts Quarterly Reporting Requirement for Mastermyne
Mar 25, 2025

Mastermyne Group Limited has announced that the Australian Securities Exchange (ASX) has lifted the requirement for the company to provide quarterly Appendix 4C reports due to its significantly improved financial position and cash flows. This change reflects positively on Mastermyne’s operational stability and financial health, allowing the company to focus on annual reporting, with the next full-year financial report expected in August 2025.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.