METALS X LIMITED (MLX)
Share Price Analysis and Chart

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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

$0.90

09 Oct
2025

0.085

OPEN

$0.84

10.43%

HIGH

$0.92

8,663,237

LOW

$0.84

TARGET
$0.80 -11.1% 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 9.6 xxx
DPS (cps) xxx 0.0 N/A xxx
EPS Growth xxx 100.0% - 15.3% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 9.1 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 © 2025 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

27/08/2025

1

Buy

$0.80

-11.11%

Most of the Metals X's 1H25 numbers were flagged in the quarterly cashflow/activity reports, so the new news in 1H25 result was exhaustion of carry forward losses, Ord Minnett highlights. This was earlier than expected.

The broker cut 2H earnings earnings forecast by -$12m to $33m but also pulled forward franking credits generation, enabling earlier dividends.

The broker is forecasting $10m token dividend in 2H, as cash is likely to be conserved to fund the acquisition of control over Rentails.

Buy. Target unchanged at 80c.

FORECAST
Ord Minnett forecasts a full year FY25 EPS of 9.60 cents.
Ord Minnett forecasts a full year FY26 EPS of 4.90 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

10/10/2025

1

Upgrade to Buy from Hold

$0.95

5.56%

Canaccord Genuity notes the Federal Reserve’s September rate cut and outlook, and a weaker US dollar boosted commodity prices, especially precious and industrial metals.

While precious metals benefited as inflation hedges, base metals gained from infrastructure, electrification, and data centre demand, aided by cheaper borrowing.

Aluminium (up 10%), zinc (up 7%), and tin (up 6%) were standout performers. The broker lifted 2026 price forecast for copper by 3.8%, aluminium by 4%, zinc by 4%, tin by 13.7% but cut cobalt by -3.2%.

For Metals X, the broker forecasts -16% q/q lower tin production in the September quarter, but expects an offset from strong tin price, leading to a 4% rise in estimated cash balance.

Rating upgraded to Buy from Hold. Target rises to 95c from 58c.
Access Extra Coverage Research History >

MLX STOCK CHART

FNArena News on MLX

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 10-10-25

Oct 10 2025 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Oct 10, 2025

Oct 10 2025 - Daily Market Reports
3
FNArena Corporate Results Monitor – 27-08-2025

Aug 27 2025 - Australia
4
Australian Broker Call *Extra* Edition – Apr 20, 2025

Apr 22 2025 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Jan 16, 2025

Jan 16 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