Metarock Group Limited (MYE) AI Stock Analysis

• Market Cap: AU$47.84M
• Dividend Yield: 3.33%
• Average Volume (3M): 87.28K
• Price to Earnings (P/E): 3.7
• Beta (1Y): 0.96
• Revenue Growth: -63.55%
• EPS Growth: 4555.56%
• Country: AU
• Employees: 654
• Sector: Energy
• Sector Strength: 60
• Industry: Coal
• EPS (TTM): <0.01
• Shares Outstanding: 308,648,220
• 10 Day Avg. Volume: 184,199
• 30 Day Avg. Volume: 87,278
• PEG Ratio: -0.10
• Price to Book (P/B): 0.75
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 1.35
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 58 Neutral
• Price Target: AU$0.00 ▼(-100.00%Downside)

The overall stock score of 57.5 reflects a mixed but improving financial performance with strong valuation metrics. Financial improvements in profitability and balance sheet strength are significant, though revenue stabilization and cash conversion remain areas for improvement. The technical analysis presents a neutral outlook, while the stock's undervaluation offers potential for value investors.

Metarock Group Limited Business Overview & Revenue Model

Company Description

Metarock Group Limited (MYE) is an Australian-based company primarily engaged in providing services to the mining and resources sectors. The company specializes in underground mining services, including mine development, production, and maintenance. Metarock's core offerings include contract mining services, mine site development, and specialized mining equipment rental, with a focus on safety and operational efficiency.

How the Company Makes Money

Metarock Group Limited generates revenue through multiple streams centered around its core mining services. The primary source of income is from contracts with mining companies for the provision of underground mining services, which include mine development, production, and maintenance operations. Contracts can vary in length and scope, providing a steady income based on project milestones and completion. Additionally, Metarock earns revenue by leasing specialized mining equipment to clients who require temporary resources to support their operations. The company's earnings are further supported by strategic partnerships and long-term agreements with key players in the mining industry, ensuring a reliable demand for its services. These partnerships often involve collaborative projects that enhance Metarock's capabilities and market presence, contributing to sustained business growth.

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

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

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

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	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	294.39M	514.21M	452.70M	233.07M	292.67M
Gross Profit	234.95M	1.47M	11.00K	17.85M	24.25M
EBITDA	31.38M	-38.70M	17.31M	22.30M	28.67M
Net Income	39.64M	-74.01M	-12.56M	5.86M	11.56M
Balance Sheet
Total Assets	117.95M	226.96M	299.15M	133.83M	142.89M
Cash, Cash Equivalents and Short-Term Investments	26.04M	12.90M	5.23M	24.39M	25.36M
Total Debt	7.22M	71.93M	101.34M	12.56M	14.04M
Total Liabilities	44.37M	194.20M	215.97M	58.65M	68.98M
Stockholders Equity	73.58M	32.76M	83.19M	75.18M	73.39M
Cash Flow
Free Cash Flow	12.78M	-30.14M	-21.38M	10.29M	21.78M
Operating Cash Flow	17.00M	-383.00K	20.44M	18.29M	30.83M
Investing Cash Flow	67.51M	-9.57M	-54.24M	-8.29M	-12.72M
Financing Cash Flow	-71.38M	17.62M	14.64M	-10.97M	-9.17M

Metarock Group Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.16
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MYE, the sentiment is Negative. The current price of 0.16 is above the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.16, and above the 200-day MA of 0.16, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.60 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MYE.

Metarock Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	67 Neutral	$15.32B	10.21	6.62%	5.48%	4.82%	-57.74%
MYE	58 Neutral	AU$47.84M	3.70	18.93%	3.33%	-63.55%	4555.56%
TER	54 Neutral	AU$62.48M	4.48	-1.57%	11.24%	-38.32%	-102.34%
CKA	44 Neutral	$35.61M	―		―	26.84%	-6.43%
BCB	38 Underperform	AU$8.08M	―	-67.55%	―	-4.19%	84.70%
NCR	38 Underperform	AU$3.07M	―	-12.38%	―	―	33.33%
AQC	16 Underperform	AU$9.81M	―	-995.57%	―	―	-487.06%

Metarock Group Limited Corporate Events

Mastermyne Group Projects Revenue Decline Amid Mine Closures

Mastermyne Group Limited has issued its FY25 earnings guidance, projecting a significant decrease in revenue to between $212 million and $216 million, down from $294 million the previous year. This decline is attributed to the suspension and closure of key mining operations and restricted activities at several mines. Despite these challenges, the company has managed to increase its net cash position to $29 million. The company is also ramping up activities at the new Appin mine, which may impact future operations and financial performance.

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 Limited Announces Strategic Board Changes

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

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.