MOUNT GIBSON IRON LIMITED (MGX)
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MGX - MOUNT GIBSON IRON LIMITED

FNArena Sector : Iron Ore
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.11
Index: ALL-ORDS

Mount Gibson Iron is an Australian iron ore producer with operations in the Kimberley and mid-west region of Western Australia. The Mount Gibson name was listed on the ASX in 2002.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.52

05 Dec
2023

-0.035

OPEN

$0.55

-6.31%

HIGH

$0.55

1,390,235

LOW

$0.52

TARGET
$0.50 -3.8% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BCI . CIA . DRR . FMG . GEN . GRR . MIN .
FNARENA'S MARKET CONSENSUS FORECASTS
MGX: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 0.4 13.3 xxx
DPS (cps) xxx 0.0 7.0 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 3.9 xxx
Dividend Yield xxx N/A 13.5% xxx
Div Pay Ratio(%) xxx 0.0% 52.6% 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

Last ex-div: 01/09 - ex-div 2c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx0.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx452.7 M
Book Value Per Share xxxxxxxxxxxxxxx44.5
Net Operating Cash Flow xxxxxxxxxxxxxxx130.6 M
Net Profit Margin xxxxxxxxxxxxxxx1.14 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx0.97 %
Return on Invested Capital xxxxxxxxxxxxxxx0.95 %
Return on Assets xxxxxxxxxxxxxxx0.70 %
Return on Equity xxxxxxxxxxxxxxx0.97 %
Return on Total Capital xxxxxxxxxxxxxxx17.11 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx58.7 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx11 M
Long Term Debt xxxxxxxxxxxxxxx12 M
Total Debt xxxxxxxxxxxxxxx23 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx162 M
Price To Book Value xxxxxxxxxxxxxxx0.98

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx74.0 M
Capex % of Sales xxxxxxxxxxxxxxx16.35 %
Cost of Goods Sold xxxxxxxxxxxxxxx341 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx17 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

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

Macquarie

23/10/2023

1

Outperform

$0.50

-3.85%

First quarter shipments of 1.3m tonnes from Mount Gibson Iron have exceeded Macquarie's expectations, up 7% quarter-on-quarter, while realised prices of $105 per tonne were in-line. 

Cash flow was another positive for the period, with cash and investments increasing 58% quarter-on-quarter to $257m, partly as a result of Mount Gibson Iron divesting its Mid-West assets for $29m. 

The Outperform rating and target price of 50 cents are retained.

FORECAST
Macquarie forecasts a full year FY24 dividend of 7.00 cents and EPS of 13.30 cents.
Macquarie forecasts a full year FY25 dividend of 9.00 cents and EPS of 17.10 cents.
Access Stockbroker Research History >

MGX STOCK CHART

FNArena News on MGX

1
Iron Ore: Uptrend

Sep 20 2023 - Technicals
2
FNArena Corporate Results Monitor – 24-08-2023

Aug 24 2023 - Australia
3
Iron Ore: Remain Neutral

Jul 12 2023 - Technicals
4
Weekly Ratings, Targets, Forecast Changes – 16-06-23

Jun 19 2023 - Weekly Reports
5
Iron Ore: Look For Opportunity

May 17 2023 - Technicals

Latest Iron Ore News

1
ESG Focus: Grid Set To Enter An Iron Age

Sep 21 2023 - ESG Focus
2
Mineral Resources: Downturn Complete

Jul 04 2023 - Technicals
3
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4
Iron Ore: Keep Watch

Dec 08 2022 - Technicals
5
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Dec 06 2022 - Technicals
6
Fortescue’s Decarbonisation Plan To Impact Dividends

Sep 26 2022 - ESG Focus
7
Positive Signs For Fortescue Metals

Aug 02 2022 - Technicals
8
Iron Ore Miners: Buy The Dips

Apr 29 2022 - Technicals
9
Iron Ore Miners: Broker Views

Dec 07 2021 - Australia
10
Fortescue Metals Fields The Green Narrative

Aug 31 2021 - Australia