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MMG Ltd
Buy, Hold or Sell?

Let's analyse Mmg together

PenkeI guess you are interested in MMG Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of MMG Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Mmg (30 sec.)










What can you expect buying and holding a share of Mmg? (30 sec.)

How much money do you get?

How much money do you get?
HK$0.00
When do you have the money?
1 year
How often do you get paid?
20.0%

What is your share worth?

Current worth
HK$1.93
Expected worth in 1 year
HK$2.69
How sure are you?
50.0%

+ What do you gain per year?

Total Gains per Share
HK$0.75
Return On Investment
24.9%

For what price can you sell your share?

Current Price per Share
HK$3.03
Expected price per share
HK$3.07 - HK$3.75
How sure are you?
50%

1. Valuation of Mmg (5 min.)




Live pricePrice per Share (EOD)

HK$3.03

Intrinsic Value Per Share

HK$-6.31 - HK$9.41

Total Value Per Share

HK$-4.38 - HK$11.34

2. Growth of Mmg (5 min.)




Is Mmg growing?

Current yearPrevious yearGrowGrow %
How rich?$2.1b$1.9b$208.4m9.7%

How much money is Mmg making?

Current yearPrevious yearGrowGrow %
Making money$172.3m$667m-$494.6m-286.9%
Net Profit Margin5.3%15.7%--

How much money comes from the company's main activities?

3. Financial Health of Mmg (5 min.)




4. Comparing to competitors in the Copper industry (5 min.)




  Industry Rankings (Copper)  


Richest
#11 / 72

What can you expect buying and holding a share of Mmg? (5 min.)

Welcome investor! Mmg's management wants to use your money to grow the business. In return you get a share of Mmg.

What can you expect buying and holding a share of Mmg?

First you should know what it really means to hold a share of Mmg. And how you can make/lose money.

Speculation

The Price per Share of Mmg is HK$3.03. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Mmg.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Mmg, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is HK$1.93. Based on the TTM, the Book Value Change Per Share is HK$0.19 per quarter. Based on the YOY, the Book Value Change Per Share is HK$-0.67 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is HK$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Mmg.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 HK$% of Price per ShareHK$% of Price per ShareHK$% of Price per ShareHK$% of Price per ShareHK$% of Price per Share
Usd Eps0.020.7%0.020.7%0.082.5%0.010.5%0.00-0.1%
Usd Book Value Change Per Share0.020.8%0.020.8%-0.09-2.8%-0.02-0.6%0.010.2%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.020.8%0.020.8%-0.09-2.8%-0.02-0.6%0.010.2%
Usd Price Per Share0.26-0.26-0.32-0.35-0.32-
Price to Earnings Ratio12.83-12.83-4.15-0.54-5.90-
Price-to-Total Gains Ratio10.61-10.61--3.74--101.81--48.25-
Price to Book Ratio1.03-1.03-1.43-1.22-1.11-
Price-to-Total Gains Ratio10.61-10.61--3.74--101.81--48.25-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.387234
Number of shares2582
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.02-0.02
Usd Total Gains Per Share0.02-0.02
Gains per Quarter (2582 shares)62.19-49.68
Gains per Year (2582 shares)248.74-198.71
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
102492390-199-209
204974880-397-408
307467370-596-607
409959860-795-806
50124412350-994-1005
60149214840-1192-1204
70174117330-1391-1403
80199019820-1590-1602
90223922310-1788-1801
100248724800-1987-2000

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%2.01.00.066.7%3.02.00.060.0%6.04.00.060.0%17.04.02.073.9%
Book Value Change Per Share1.00.00.0100.0%1.02.00.033.3%1.04.00.020.0%5.05.00.050.0%15.08.00.065.2%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%2.00.08.020.0%9.00.014.039.1%
Total Gains per Share1.00.00.0100.0%1.02.00.033.3%1.04.00.020.0%5.05.00.050.0%16.07.00.069.6%

Fundamentals of Mmg

About MMG Ltd

MMG Limited, an investment holding company, engages in the exploration, development, and mining of copper, zinc, gold, silver, molybdenum, cobalt, and lead deposits in Australia and internationally. It operates through Las Bambas, Kinsevere, Dugald River, Rosebery, and Other segments. The company holds a 62.5% interest in the Las Bambas open-pit copper and molybdenum mine located in Cotabambas, Apurimac region of Peru; and 100% interest in the Kinsevere open-pit copper mine in the Haut-Katanga province of the Democratic Republic of the Congo. It also holds a 100% interest in the Dugald River underground zinc mine located near Cloncurry in North West Queensland; and the Rosebery underground polymetallic base metal mine located on Tasmania's west coast. The company was formerly known as Minmetals Resources Limited and changed its name to MMG Limited in September 2012. The company was incorporated in 1988 and is headquartered in Southbank, Australia. MMG Limited operates as a subsidiary of China Minmetals H.K. (Holdings) Limited.

Fundamental data was last updated by Penke on 2024-03-25 05:00:10.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of MMG Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Mmg earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Mmg to the Copper industry mean.
  • A Net Profit Margin of 5.3% means that $0.05 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of MMG Ltd:

  • The MRQ is 5.3%. The company is making a profit. +1
  • The TTM is 5.3%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ5.3%TTM5.3%0.0%
TTM5.3%YOY15.7%-10.4%
TTM5.3%5Y2.6%+2.7%
5Y2.6%10Y-3.4%+6.0%
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
MRQ5.3%1.5%+3.8%
TTM5.3%0.9%+4.4%
YOY15.7%3.5%+12.2%
5Y2.6%2.2%+0.4%
10Y-3.4%1.1%-4.5%
1.1.2. Return on Assets

Shows how efficient Mmg is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Mmg to the Copper industry mean.
  • 1.4% Return on Assets means that Mmg generated $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of MMG Ltd:

  • The MRQ is 1.4%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.4%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.4%TTM1.4%0.0%
TTM1.4%YOY5.1%-3.7%
TTM1.4%5Y0.9%+0.4%
5Y0.9%10Y0.1%+0.9%
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4%-0.1%+1.5%
TTM1.4%0.1%+1.3%
YOY5.1%0.4%+4.7%
5Y0.9%0.4%+0.5%
10Y0.1%-+0.1%
1.1.3. Return on Equity

Shows how efficient Mmg is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Mmg to the Copper industry mean.
  • 8.1% Return on Equity means Mmg generated $0.08 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of MMG Ltd:

  • The MRQ is 8.1%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 8.1%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ8.1%TTM8.1%0.0%
TTM8.1%YOY34.6%-26.5%
TTM8.1%5Y3.7%+4.4%
5Y3.7%10Y-12.6%+16.3%
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
MRQ8.1%0.2%+7.9%
TTM8.1%0.4%+7.7%
YOY34.6%1.1%+33.5%
5Y3.7%0.9%+2.8%
10Y-12.6%-0.5%-12.1%

1.2. Operating Efficiency of MMG Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Mmg is operating .

  • Measures how much profit Mmg makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Mmg to the Copper industry mean.
  • An Operating Margin of 22.4% means the company generated $0.22  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of MMG Ltd:

  • The MRQ is 22.4%. The company is operating efficient. +1
  • The TTM is 22.4%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ22.4%TTM22.4%0.0%
TTM22.4%YOY40.3%-17.9%
TTM22.4%5Y13.4%+9.0%
5Y13.4%10Y3.6%+9.8%
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
MRQ22.4%2.6%+19.8%
TTM22.4%1.7%+20.7%
YOY40.3%5.4%+34.9%
5Y13.4%4.2%+9.2%
10Y3.6%3.3%+0.3%
1.2.2. Operating Ratio

Measures how efficient Mmg is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Copper industry mean).
  • An Operation Ratio of 1.39 means that the operating costs are $1.39 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of MMG Ltd:

  • The MRQ is 1.390. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.390. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.390TTM1.3900.000
TTM1.390YOY1.095+0.295
TTM1.3905Y1.139+0.251
5Y1.13910Y1.013+0.127
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3901.705-0.315
TTM1.3901.703-0.313
YOY1.0951.428-0.333
5Y1.1391.472-0.333
10Y1.0131.360-0.347

1.3. Liquidity of MMG Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Mmg is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Copper industry mean).
  • A Current Ratio of 0.85 means the company has $0.85 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of MMG Ltd:

  • The MRQ is 0.849. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.849. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.849TTM0.8490.000
TTM0.849YOY1.326-0.477
TTM0.8495Y0.907-0.059
5Y0.90710Y1.101-0.193
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8491.724-0.875
TTM0.8491.735-0.886
YOY1.3262.073-0.747
5Y0.9071.914-1.007
10Y1.1012.017-0.916
1.3.2. Quick Ratio

Measures if Mmg is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Mmg to the Copper industry mean.
  • A Quick Ratio of 0.46 means the company can pay off $0.46 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of MMG Ltd:

  • The MRQ is 0.458. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.458. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.458TTM0.4580.000
TTM0.458YOY1.416-0.958
TTM0.4585Y0.744-0.286
5Y0.74410Y0.771-0.026
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4580.649-0.191
TTM0.4580.642-0.184
YOY1.4160.912+0.504
5Y0.7440.947-0.203
10Y0.7710.982-0.211

1.4. Solvency of MMG Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Mmg assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Mmg to Copper industry mean.
  • A Debt to Asset Ratio of 0.83 means that Mmg assets are financed with 82.9% credit (debt) and the remaining percentage (100% - 82.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of MMG Ltd:

  • The MRQ is 0.829. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.829. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.829TTM0.8290.000
TTM0.829YOY0.852-0.022
TTM0.8295Y0.807+0.023
5Y0.80710Y0.791+0.016
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8290.409+0.420
TTM0.8290.393+0.436
YOY0.8520.394+0.458
5Y0.8070.405+0.402
10Y0.7910.437+0.354
1.4.2. Debt to Equity Ratio

Measures if Mmg is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Mmg to the Copper industry mean.
  • A Debt to Equity ratio of 486.0% means that company has $4.86 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of MMG Ltd:

  • The MRQ is 4.860. The company is unable to pay all its debts with equity. -1
  • The TTM is 4.860. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ4.860TTM4.8600.000
TTM4.860YOY5.746-0.886
TTM4.8605Y7.799-2.939
5Y7.79910Y8.775-0.976
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
MRQ4.8600.707+4.153
TTM4.8600.695+4.165
YOY5.7460.678+5.068
5Y7.7990.782+7.017
10Y8.7750.799+7.976

2. Market Valuation of MMG Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Mmg generates.

  • Above 15 is considered overpriced but always compare Mmg to the Copper industry mean.
  • A PE ratio of 12.83 means the investor is paying $12.83 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of MMG Ltd:

  • The EOD is 19.445. Based on the earnings, the company is fair priced.
  • The MRQ is 12.835. Based on the earnings, the company is underpriced. +1
  • The TTM is 12.835. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD19.445MRQ12.835+6.610
MRQ12.835TTM12.8350.000
TTM12.835YOY4.146+8.689
TTM12.8355Y0.541+12.294
5Y0.54110Y5.903-5.362
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
EOD19.4450.542+18.903
MRQ12.8350.759+12.076
TTM12.8355.185+7.650
YOY4.146-3.032+7.178
5Y0.5410.990-0.449
10Y5.9038.064-2.161
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of MMG Ltd:

  • The EOD is 12.607. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 8.322. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 8.322. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD12.607MRQ8.322+4.286
MRQ8.322TTM8.3220.000
TTM8.322YOY1.399+6.923
TTM8.3225Y4.139+4.182
5Y4.13910Y-4.688+8.828
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
EOD12.607-1.955+14.562
MRQ8.322-2.309+10.631
TTM8.322-2.294+10.616
YOY1.399-4.255+5.654
5Y4.139-2.923+7.062
10Y-4.688-3.817-0.871
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Mmg is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Copper industry mean).
  • A PB ratio of 1.03 means the investor is paying $1.03 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of MMG Ltd:

  • The EOD is 1.567. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.034. Based on the equity, the company is underpriced. +1
  • The TTM is 1.034. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.567MRQ1.034+0.533
MRQ1.034TTM1.0340.000
TTM1.034YOY1.433-0.398
TTM1.0345Y1.224-0.189
5Y1.22410Y1.105+0.118
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
EOD1.5671.298+0.269
MRQ1.0341.195-0.161
TTM1.0341.511-0.477
YOY1.4331.611-0.178
5Y1.2241.524-0.300
10Y1.1051.618-0.513
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of MMG Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.1880.1880%-0.668+455%-0.151+180%0.041+360%
Book Value Per Share--1.9331.9330%1.745+11%2.226-13%2.245-14%
Current Ratio--0.8490.8490%1.326-36%0.907-6%1.101-23%
Debt To Asset Ratio--0.8290.8290%0.852-3%0.807+3%0.791+5%
Debt To Equity Ratio--4.8604.8600%5.746-15%7.799-38%8.775-45%
Dividend Per Share----0%-0%-0%0.010-100%
Eps--0.1560.1560%0.603-74%0.111+41%-0.019+112%
Free Cash Flow Per Share--0.2400.2400%1.788-87%0.931-74%0.412-42%
Free Cash Flow To Equity Per Share---0.823-0.8230%0.960-186%-0.148-82%0.253-425%
Gross Profit Margin--1.0001.0000%1.0000%1.065-6%0.803+24%
Intrinsic Value_10Y_max--9.409--------
Intrinsic Value_10Y_min---6.309--------
Intrinsic Value_1Y_max--0.935--------
Intrinsic Value_1Y_min--0.151--------
Intrinsic Value_3Y_max--2.816--------
Intrinsic Value_3Y_min---0.223--------
Intrinsic Value_5Y_max--4.704--------
Intrinsic Value_5Y_min---1.334--------
Market Cap26227832033.280+34%17312100352.00017312100352.0000%21640125440.000-20%23509832278.016-26%21605501239.296-20%
Net Profit Margin--0.0530.0530%0.157-66%0.026+102%-0.034+164%
Operating Margin--0.2240.2240%0.403-44%0.134+67%0.036+525%
Operating Ratio--1.3901.3900%1.095+27%1.139+22%1.013+37%
Pb Ratio1.567+34%1.0341.0340%1.433-28%1.224-15%1.105-6%
Pe Ratio19.445+34%12.83512.8350%4.146+210%0.541+2271%5.903+117%
Price Per Share3.030+34%2.0002.0000%2.500-20%2.716-26%2.496-20%
Price To Free Cash Flow Ratio12.607+34%8.3228.3220%1.399+495%4.139+101%-4.688+156%
Price To Total Gains Ratio16.078+34%10.61310.6130%-3.742+135%-101.812+1059%-48.249+555%
Quick Ratio--0.4580.4580%1.416-68%0.744-38%0.771-41%
Return On Assets--0.0140.0140%0.051-73%0.009+47%0.001+2075%
Return On Equity--0.0810.0810%0.346-77%0.037+119%-0.126+256%
Total Gains Per Share--0.1880.1880%-0.668+455%-0.151+180%0.051+273%
Usd Book Value--2138746827.9602138746827.9600%1930271506.020+11%2462388517.195-13%2483845977.190-14%
Usd Book Value Change Per Share--0.0240.0240%-0.085+455%-0.019+180%0.005+360%
Usd Book Value Per Share--0.2470.2470%0.223+11%0.284-13%0.287-14%
Usd Dividend Per Share----0%-0%-0%0.001-100%
Usd Eps--0.0200.0200%0.077-74%0.014+41%-0.002+112%
Usd Free Cash Flow--265868528.076265868528.0760%1977465919.428-87%1029458138.911-74%456255991.148-42%
Usd Free Cash Flow Per Share--0.0310.0310%0.228-87%0.119-74%0.053-42%
Usd Free Cash Flow To Equity Per Share---0.105-0.1050%0.123-186%-0.019-82%0.032-425%
Usd Market Cap3351916933.853+34%2212486424.9862212486424.9860%2765608031.232-20%3004556565.130-26%2761183058.382-20%
Usd Price Per Share0.387+34%0.2560.2560%0.320-20%0.347-26%0.319-20%
Usd Profit--172379594.736172379594.7360%667021042.044-74%122525496.166+41%-21227487.217+112%
Usd Revenue--3253814832.8883253814832.8880%4254496378.200-24%3448671766.891-6%3077425712.776+6%
Usd Total Gains Per Share--0.0240.0240%-0.085+455%-0.019+180%0.006+273%
 EOD+4 -4MRQTTM+0 -0YOY+12 -215Y+15 -1910Y+17 -19

3.2. Fundamental Score

Let's check the fundamental score of MMG Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1519.445
Price to Book Ratio (EOD)Between0-11.567
Net Profit Margin (MRQ)Greater than00.053
Operating Margin (MRQ)Greater than00.224
Quick Ratio (MRQ)Greater than10.458
Current Ratio (MRQ)Greater than10.849
Debt to Asset Ratio (MRQ)Less than10.829
Debt to Equity Ratio (MRQ)Less than14.860
Return on Equity (MRQ)Greater than0.150.081
Return on Assets (MRQ)Greater than0.050.014
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of MMG Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5064.756
Ma 20Greater thanMa 502.725
Ma 50Greater thanMa 1002.311
Ma 100Greater thanMa 2002.281
OpenGreater thanClose3.110
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in USD. All numbers in thousands.

Summary
Total Assets12,535,500
Total Liabilities10,396,500
Total Stockholder Equity2,139,000
 As reported
Total Liabilities 10,396,500
Total Stockholder Equity+ 2,139,000
Total Assets = 12,535,500

Assets

Total Assets12,535,500
Total Current Assets1,659,900
Long-term Assets10,875,600
Total Current Assets
Cash And Cash Equivalents 191,200
Short-term Investments 181,000
Net Receivables 342,500
Inventory 872,600
Other Current Assets 12,100
Total Current Assets  (as reported)1,659,900
Total Current Assets  (calculated)1,599,400
+/- 60,500
Long-term Assets
Property Plant Equipment 9,620,600
Goodwill 528,500
Intangible Assets 5,700
Other Assets 605,400
Long-term Assets  (as reported)10,875,600
Long-term Assets  (calculated)10,760,200
+/- 115,400

Liabilities & Shareholders' Equity

Total Current Liabilities1,955,300
Long-term Liabilities6,351,700
Total Stockholder Equity2,139,000
Total Current Liabilities
Short Long Term Debt 1,203,000
Accounts payable 272,300
Other Current Liabilities 412,700
Total Current Liabilities  (as reported)1,955,300
Total Current Liabilities  (calculated)1,888,000
+/- 67,300
Long-term Liabilities
Long term Debt Total 4,327,000
Other Liabilities 2,024,700
Long-term Liabilities  (as reported)6,351,700
Long-term Liabilities  (calculated)6,351,700
+/-0
Total Stockholder Equity
Common Stock3,220,500
Retained Earnings 745,200
Other Stockholders Equity -1,826,700
Total Stockholder Equity (as reported)2,139,000
Total Stockholder Equity (calculated)2,139,000
+/-0
Other
Capital Stock3,220,500
Cash And Equivalents372,200
Cash and Short Term Investments 372,200
Common Stock Shares Outstanding 8,639,767
Liabilities and Stockholders Equity 12,535,500
Net Debt 5,212,200
Net Invested Capital 7,551,600
Net Tangible Assets 1,604,800
Net Working Capital -295,400
Property Plant and Equipment Gross 17,090,400



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-31
> Total Assets 
1,786,258
960,867
65,334
71,143
163,967
970,153
1,044,782
1,247,049
1,149,659
1,153,875
3,466,900
3,453,500
4,659,200
4,683,500
13,490,000
14,660,000
15,230,000
14,789,600
13,255,400
12,665,100
12,298,000
13,024,100
12,535,500
12,535,50013,024,10012,298,00012,665,10013,255,40014,789,60015,230,00014,660,00013,490,0004,683,5004,659,2003,453,5003,466,9001,153,8751,149,6591,247,0491,044,782970,153163,96771,14365,334960,8671,786,258
   > Total Current Assets 
0
0
65,334
71,143
91,008
381,568
567,705
744,573
507,759
553,839
1,309,400
1,597,300
909,500
833,600
1,209,400
1,634,300
2,031,500
1,696,100
1,272,800
1,062,600
1,157,700
2,159,400
1,659,900
1,659,9002,159,4001,157,7001,062,6001,272,8001,696,1002,031,5001,634,3001,209,400833,600909,5001,597,3001,309,400553,839507,759744,573567,705381,56891,00871,14365,33400
       Cash And Cash Equivalents 
62,199
56,417
12,283
18,145
22,682
120,950
343,095
369,376
240,993
221,027
398,200
1,096,500
102,100
137,400
251,200
598,300
552,700
936,100
601,900
217,500
192,700
1,255,300
191,200
191,2001,255,300192,700217,500601,900936,100552,700598,300251,200137,400102,1001,096,500398,200221,027240,993369,376343,095120,95022,68218,14512,28356,41762,199
       Short-term Investments 
0
0
3,056
9,892
14,648
775
38,209
41,145
38,176
395,559
183,500
1,700
141,300
110,500
26,800
14,900
200
604,200
300,000
1,200
0
985,700
181,000
181,000985,70001,200300,000604,20020014,90026,800110,500141,3001,700183,500395,55938,17641,14538,20977514,6489,8923,05600
       Net Receivables 
718,304
143,335
202,606
230,962
291,734
699,924
945,669
1,363,705
930,570
995,163
298,900
197,000
314,100
241,400
580,100
38,100
825,000
435,400
444,700
425,500
529,100
63,900
342,500
342,50063,900529,100425,500444,700435,400825,00038,100580,100241,400314,100197,000298,900995,163930,5701,363,705945,669699,924291,734230,962202,606143,335718,304
       Other Current Assets 
0
0
0
0
0
327,979
164,224
623,859
404,808
210,918
65,200
23,700
52,000
46,300
66,200
18,800
276,900
500
0
0
0
900
12,100
12,100900000500276,90018,80066,20046,30052,00023,70065,200210,918404,808623,859164,224327,97900000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13,198,500
13,093,500
11,982,600
11,602,500
11,140,300
10,864,700
10,875,600
10,875,60010,864,70011,140,30011,602,50011,982,60013,093,50013,198,5000000000000000000
       Property Plant Equipment 
504,987
412,122
416,763
488,718
504,182
509,605
543,468
536,621
624,342
826,347
1,671,500
1,754,900
3,344,200
3,323,100
11,100,800
11,873,000
12,084,300
11,982,100
10,897,700
10,534,800
10,198,700
9,867,700
9,620,600
9,620,6009,867,70010,198,70010,534,80010,897,70011,982,10012,084,30011,873,00011,100,8003,323,1003,344,2001,754,9001,671,500826,347624,342536,621543,468509,605504,182488,718416,763412,122504,987
       Goodwill 
0
0
0
0
0
0
0
0
884
883
0
0
211,400
211,400
739,900
528,500
528,500
528,500
528,500
528,500
528,500
528,500
528,500
528,500528,500528,500528,500528,500528,500528,500528,500739,900211,400211,4000088388400000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
4,300
3,800
2,100
900
5,500
3,300
3,100
0
0
0
0003,1003,3005,5009002,1003,8004,3000000000000000
       Intangible Assets 
2,490
0
0
0
0
1,546
339,253
354,069
331,313
313,220
132,000
0
19,500
72,600
99,100
100,100
92,100
93,800
67,500
39,000
546,500
537,300
5,700
5,700537,300546,50039,00067,50093,80092,100100,10099,10072,60019,5000132,000313,220331,313354,069339,2531,54600002,490
       Long-term Assets Other 
0
0
-51,950
-45,722
26,127
465,023
0
0
0
0
25,900
35,800
54,400
53,900
47,800
61,200
29,800
51,900
75,800
106,400
76,200
80,000
122,200
122,20080,00076,200106,40075,80051,90029,80061,20047,80053,90054,40035,80025,9000000465,02326,127-45,722-51,95000
> Total Liabilities 
1,074,274
1,168,373
152,918
155,380
86,623
546,734
473,113
405,811
338,672
330,772
2,933,500
1,959,100
2,973,400
2,866,700
10,515,400
12,484,800
12,640,400
11,817,800
10,359,100
9,987,200
9,628,300
11,093,600
10,396,500
10,396,50011,093,6009,628,3009,987,20010,359,10011,817,80012,640,40012,484,80010,515,4002,866,7002,973,4001,959,1002,933,500330,772338,672405,811473,113546,73486,623155,380152,9181,168,3731,074,274
   > Total Current Liabilities 
942,385
1,021,203
126,673
134,116
70,839
369,725
321,695
322,124
248,061
227,053
752,200
1,168,000
854,100
1,304,900
804,200
844,200
1,609,900
1,502,500
1,425,900
1,508,200
1,513,100
1,628,200
1,955,300
1,955,3001,628,2001,513,1001,508,2001,425,9001,502,5001,609,900844,200804,2001,304,900854,1001,168,000752,200227,053248,061322,124321,695369,72570,839134,116126,6731,021,203942,385
       Short-term Debt 
0
0
80,965
82,241
28,168
90,223
137,873
92,182
39,576
47,500
83,200
787,200
369,300
350,200
116,700
276,900
737,000
694,300
685,000
774,600
872,800
0
0
00872,800774,600685,000694,300737,000276,900116,700350,200369,300787,20083,20047,50039,57692,182137,87390,22328,16882,24180,96500
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
1,621,400
116,700
276,900
737,000
694,300
685,000
774,600
872,800
659,100
1,203,000
1,203,000659,100872,800774,600685,000694,300737,000276,900116,7001,621,4000000000000000
       Accounts payable 
301,181
66,350
105,550
122,499
143,515
412,437
516,445
828,612
802,336
516,691
260,600
188,100
275,200
106,600
245,200
160,800
301,800
189,500
231,700
310,000
269,100
249,800
272,300
272,300249,800269,100310,000231,700189,500301,800160,800245,200106,600275,200188,100260,600516,691802,336828,612516,445412,437143,515122,499105,55066,350301,181
       Other Current Liabilities 
5,716
341,609
250,987
280,258
188,034
1,865,528
617,347
486,206
726,143
680,362
364,800
192,700
208,300
263,400
442,300
318,800
300,700
275,000
423,000
327,700
302,600
581,600
412,700
412,700581,600302,600327,700423,000275,000300,700318,800442,300263,400208,300192,700364,800680,362726,143486,206617,3471,865,528188,034280,258250,987341,6095,716
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
11,030,500
10,315,300
8,933,200
8,479,000
8,115,200
7,467,900
6,351,700
6,351,7007,467,9008,115,2008,479,0008,933,20010,315,30011,030,5000000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,986,200
9,516,200
8,498,200
7,446,400
6,992,000
6,435,200
5,751,500
4,327,000
4,327,0005,751,5006,435,2006,992,0007,446,4008,498,2009,516,2009,986,200000000000000000
       Other Liabilities 
0
0
28,302
28,302
28,302
66,967
33,792
36,627
31,393
40,155
322,700
491,100
619,000
636,000
849,100
1,654,400
1,514,300
1,817,100
1,486,800
1,487,000
1,680,000
1,716,400
2,024,700
2,024,7001,716,4001,680,0001,487,0001,486,8001,817,1001,514,3001,654,400849,100636,000619,000491,100322,70040,15531,39336,62733,79266,96728,30228,30228,30200
> Total Stockholder Equity
505,728
0
0
0
422,005
3,081,023
4,225,381
6,308,092
6,092,079
6,182,899
477,000
1,435,400
1,630,300
1,620,100
1,686,300
666,600
1,030,500
1,211,400
1,257,100
1,012,200
936,400
1,930,500
2,139,000
2,139,0001,930,500936,4001,012,2001,257,1001,211,4001,030,500666,6001,686,3001,620,1001,630,3001,435,400477,0006,182,8996,092,0796,308,0924,225,3813,081,023422,005000505,728
   Common Stock
131,973
131,973
131,973
131,973
30,367
85,722
85,722
102,936
101,455
101,311
19,000
33,900
33,900
33,900
2,358,900
2,359,100
2,863,300
2,874,100
2,910,800
2,912,200
2,917,600
3,220,300
3,220,500
3,220,5003,220,3002,917,6002,912,2002,910,8002,874,1002,863,3002,359,1002,358,90033,90033,90033,90019,000101,311101,455102,93685,72285,72230,367131,973131,973131,973131,973
   Retained Earnings Total Equity00000000000000000000000
   Accumulated Other Comprehensive Income 000-5,162,600-3,706,000-3,519,100-3,445,800-3,188,800-1,900,800-1,398,000-1,463,900-998,300-601,000-95,075-87,598-80,186-67,782000000
   Capital Surplus 00000000000000000000000
   Treasury Stock00000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
-1,941,800
-1,932,900
2,700
-1,913,900
-1,892,400
-1,917,300
-1,918,400
-1,917,700
-1,912,800
-1,826,700
-1,826,700-1,912,800-1,917,700-1,918,400-1,917,300-1,892,400-1,913,9002,700-1,932,900-1,941,8000000000000000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue3,254,200
Cost of Revenue-2,018,200
Gross Profit1,236,0001,236,000
 
Operating Income (+$)
Gross Profit1,236,000
Operating Expense-2,504,900
Operating Income745,300-1,268,900
 
Operating Expense (+$)
Research Development-
Selling General Administrative137,000
Selling And Marketing Expenses-
Operating Expense2,504,900137,000
 
Net Interest Income (+$)
Interest Income259,700
Interest Expense-288,100
Other Finance Cost-256,400
Net Interest Income-284,800
 
Pretax Income (+$)
Operating Income745,300
Net Interest Income-284,800
Other Non-Operating Income Expenses-
Income Before Tax (EBT)460,500745,300
EBIT - interestExpense = 441,400
389,400
460,500
Interest Expense288,100
Earnings Before Interest and Taxes (EBIT)729,500748,600
Earnings Before Interest and Taxes (EBITDA)1,538,700
 
After tax Income (+$)
Income Before Tax460,500
Tax Provision-217,000
Net Income From Continuing Ops243,500243,500
Net Income172,400
Net Income Applicable To Common Shares172,400
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses13,400
Total Other Income/Expenses Net-284,800
 

Technical Analysis of Mmg
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Mmg. The general trend of Mmg is BULLISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Mmg's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (71.4%) Bearish trend (-71.4%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of MMG Ltd.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 3.33 < 3.58 < 3.75.

The bearish price targets are: 3.09 > 3.09 > 3.07.

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MMG Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of MMG Ltd. The current mas is .

The long score for the Moving Averages is 12/14.
The longshort score for the Moving Averages is 10/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

MMG Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of MMG Ltd. The current macd is 0.2639133.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Mmg price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Mmg. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Mmg price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
MMG Ltd Daily Moving Average Convergence/Divergence (MACD) ChartMMG Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of MMG Ltd. The current adx is 47.28.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Mmg shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
MMG Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of MMG Ltd. The current sar is 3.313368.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
MMG Ltd Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of MMG Ltd. The current rsi is 64.76. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
MMG Ltd Daily Relative Strength Index (RSI) ChartMMG Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of MMG Ltd. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Mmg price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
MMG Ltd Daily Stochastic Oscillator ChartMMG Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of MMG Ltd. The current cci is 56.73.

MMG Ltd Daily Commodity Channel Index (CCI) ChartMMG Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of MMG Ltd. The current cmo is 22.78.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
MMG Ltd Daily Chande Momentum Oscillator (CMO) ChartMMG Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of MMG Ltd. The current willr is -28.57142857.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Mmg is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
MMG Ltd Daily Williams %R ChartMMG Ltd Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of MMG Ltd.

MMG Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of MMG Ltd. The current atr is 0.18005252.

MMG Ltd Daily Average True Range (ATR) ChartMMG Ltd Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of MMG Ltd. The current obv is 965,711,339.

MMG Ltd Daily On-Balance Volume (OBV) ChartMMG Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of MMG Ltd. The current mfi is 68.01.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
MMG Ltd Daily Money Flow Index (MFI) ChartMMG Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for MMG Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-02STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-07STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-09WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-10MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-11-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-11-17STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-21SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-27CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-06SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-18DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-12-27SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-28CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-02STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-18DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-22ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-24RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-25ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-05CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-06RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-14CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-16SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-23CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-26BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-27MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-07BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-11ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-13WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-14BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-25WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside

6.3. Candlestick Patterns

MMG Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of MMG Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5064.756
Ma 20Greater thanMa 502.725
Ma 50Greater thanMa 1002.311
Ma 100Greater thanMa 2002.281
OpenGreater thanClose3.110
Total4/5 (80.0%)
Penke

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