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Midas Minerals Ltd
Buy, Hold or Sell?

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Let's analyse Midas Minerals Ltd

Let's start. I'm going to help you getting a better view of Midas Minerals 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.

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is Midas Minerals Ltd even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how Midas Minerals Ltd is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Midas Minerals Ltd. The closing price on 2022-10-03 was A$0.19 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
Midas Minerals Ltd Daily Candlestick Chart


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

1.1. Profitability of Midas Minerals Ltd.

1.1. Profitability

An important factor of a company's health is the profitability.

1.1.1. Net Profit Margin

Measures how much net profit Midas Minerals Ltd earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Midas Minerals Ltd to the Other Precious Metals & Mining industry mean.
  • A Net Profit Margin of 0.0% means that $0.00 for each $1 in revenue is generated as profit.

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

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-5Y-0.0%
5Y-10Y-0.0%
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ--9.8%+9.8%
TTM--9.1%+9.1%
5Y--56.3%+56.3%
10Y--40.5%+40.5%
1.1.2. Return on Assets

Shows how efficient Midas Minerals Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Midas Minerals Ltd to the Other Precious Metals & Mining industry mean.
  • -6.7% Return on Assets means that Midas Minerals Ltd generated $-0.07 profit for each $1 in assets.

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

  • The MRQ is -7.3%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -6.7%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-7.3%TTM-6.7%-0.7%
TTM-6.7%5Y-6.7%0.0%
5Y-6.7%10Y-6.7%0.0%
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.3%-3.9%-3.4%
TTM-6.7%-4.8%-1.9%
5Y-6.7%-6.8%+0.1%
10Y-6.7%-7.3%+0.6%
1.1.3. Return on Equity

Shows how efficient Midas Minerals Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Midas Minerals Ltd to the Other Precious Metals & Mining industry mean.
  • -7.5% Return on Equity means the company generated $-0.07 for each $1 the owners (shareholders) invested.

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

  • The MRQ is -7.5%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -7.1%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-7.5%TTM-7.1%-0.4%
TTM-7.1%5Y-7.1%0.0%
5Y-7.1%10Y-7.1%0.0%
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.5%-3.7%-3.8%
TTM-7.1%-4.1%-3.0%
5Y-7.1%-7.2%+0.1%
10Y-7.1%-7.7%+0.6%

1.2. Operating Efficiency of Midas Minerals Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Midas Minerals Ltd is operating .

  • Measures how much profit Midas Minerals Ltd 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 Midas Minerals Ltd to the Other Precious Metals & Mining industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

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

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-5Y-0.0%
5Y-10Y-0.0%
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ--6.2%+6.2%
TTM--3.5%+3.5%
5Y--54.0%+54.0%
10Y--49.0%+49.0%
1.2.2. Operating Ratio

Measures how efficient Midas Minerals Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Other Precious Metals & Mining industry mean).
  • An Operation Ratio of 0.0% means that the operating costs are $0.00for each $1 in net sales.

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

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-5Y-0.000
5Y-10Y-0.000
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.751-1.751
TTM-1.665-1.665
5Y-1.500-1.500
10Y-1.410-1.410

1.3. Liquidity of Midas Minerals Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Midas Minerals Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Other Precious Metals & Mining industry mean).
  • A Current Ratio of 3,779.9% means the company has $37.80 in assets for each $1 in short-term debts.

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

  • The MRQ is 37.799. The company is very able to pay all its short-term debts. +2
  • The TTM is 28.764. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ37.799TTM28.764+9.036
TTM28.7645Y28.7640.000
5Y28.76410Y28.7640.000
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ37.7993.043+34.756
TTM28.7644.102+24.662
5Y28.7644.699+24.065
10Y28.7644.384+24.380
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy (always compare to Other Precious Metals & Mining industry mean)
  • A Quick Ratio of 3,753.5% means the company can pay off $37.54 for each $1 in debt (using most liquid assets).

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

  • The MRQ is 37.535. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 16.188. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ37.535TTM16.188+21.347
TTM16.1885Y16.1880.000
5Y16.18810Y16.1880.000
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ37.5350.265+37.270
TTM16.1880.470+15.718
5Y16.1880.466+15.722
10Y16.1880.497+15.691

1.4. Solvency of Midas Minerals Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Midas Minerals Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy (always compare to Other Precious Metals & Mining industry mean).
  • A Debt to Asset Ratio of 0.02 means that Midas Minerals Ltd assets are financed with 2.0% credit (debt) and the remaining percentage (100% - 2.0%) is financed by its owners/shareholders.

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

  • The MRQ is 0.020. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.057. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.020TTM0.057-0.037
TTM0.0575Y0.0570.000
5Y0.05710Y0.0570.000
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0200.156-0.136
TTM0.0570.160-0.103
5Y0.0570.200-0.143
10Y0.0570.228-0.171
1.4.2. Debt to Equity Ratio

Measures if Midas Minerals Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy (always compare to Other Precious Metals & Mining industry mean).
  • A Debt to Equity ratio of 2.1% means that company has $0.02 debt for each $1 in shareholders equity.

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

  • The MRQ is 0.021. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.061. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.021TTM0.061-0.041
TTM0.0615Y0.0610.000
5Y0.06110Y0.0610.000
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0210.149-0.128
TTM0.0610.149-0.088
5Y0.0610.224-0.163
10Y0.0610.231-0.170

2. Market Valuation of Midas Minerals Ltd

2. Earnings
2.1. Price to Earnings Ratio

Measures how many years it takes to double your invested money in Midas Minerals Ltd.

  • Above 15 is considered overpriced but is hard to determine (always use industry average).
  • A PE ratio of 0.00 means the investor is paying $0.00 for every $1 in earnings.

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

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-5Y-0.000
5Y-10Y-0.000
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ--4.691+4.691
TTM--5.455+5.455
5Y--5.266+5.266
10Y--4.373+4.373

2. Books
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Other Precious Metals & Mining industry mean).
  • A PB ratio of 1.01 means the investor is paying $1.01 for each $1 in book value.

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

  • The EOD is 1.424. Good. +1
  • The MRQ is 1.012. Good. +1
  • The TTM is 1.157. Good. +1
Trends
Current periodCompared to+/- 
EOD1.424MRQ1.012+0.412
MRQ1.012TTM1.157-0.146
TTM1.1575Y1.1570.000
5Y1.15710Y1.1570.000
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD1.4241.511-0.087
MRQ1.0122.072-1.060
TTM1.1572.192-1.035
5Y1.1571.941-0.784
10Y1.1571.767-0.610

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Midas Minerals 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 Per Share--0.1330.093+43%--0.093+43%0.093+43%
Book Value Per Share Growth--0.0600.044+35%--0.044+35%0.044+35%
Current Ratio--37.79928.764+31%--28.764+31%28.764+31%
Debt To Asset Ratio--0.0200.057-65%--0.057-65%0.057-65%
Debt To Equity Ratio--0.0210.061-66%--0.061-66%0.061-66%
Dividend Per Share----0%---0%-0%
Eps---0.005-0.006+15%---0.006+15%-0.006+15%
Gains Per Share--0.0600.044+35%--0.044+35%0.044+35%
Gross Profit Margin--1.0000.667+50%--0.667+50%0.667+50%
Net Profit Margin----0%---0%-0%
Operating Margin----0%---0%-0%
Operating Ratio----0%---0%-0%
Pb Ratio1.424+29%1.0121.157-13%--1.157-13%1.157-13%
Pe Ratio----0%---0%-0%
Price Per Share0.190+29%0.1350.105+29%--0.105+29%0.105+29%
Quick Ratio--37.53516.188+132%--16.188+132%16.188+132%
Return On Assets---0.073-0.067-9%---0.067-9%-0.067-9%
Return On Equity---0.075-0.071-6%---0.071-6%-0.071-6%
 EOD+0 -2MRQTTM+10 -3YOY+0 -05Y+10 -310Y+10 -3

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Book Ratio (EOD)Between0-11.424
Net Profit Margin (MRQ)Greater than00.000
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than137.535
Current Ratio (MRQ)Greater than137.799
Debt to Asset Ratio (MRQ)Less than10.020
Debt to Equity Ratio (MRQ)Less than10.021
Return on Equity (MRQ)Greater than0.15-0.075
Return on Assets (MRQ)Greater than0.05-0.073
Total4/9 (44.4%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5043.070
Ma 20Greater thanMa 500.203
Ma 50Greater thanMa 1000.216
Ma 100Greater thanMa 2000.227
OpenGreater thanClose0.190
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2021-12-31. Currency in AUD. All numbers in thousands.

Summary
Total Assets8,220
Total Liabilities165
Total Stockholder Equity8,054
 As reported
Total Liabilities 165
Total Stockholder Equity+ 8,054
Total Assets = 8,220

Assets

Total Assets8,220
Total Current Assets6,250
Long-term Assets6,250
Total Current Assets
Net Receivables 123
Total Current Assets  (as reported)6,250
Total Current Assets  (calculated)123
+/- 6,127
Long-term Assets
Property Plant Equipment 1,969
Long-term Assets  (as reported)0
Long-term Assets  (calculated)1,969
+/- 1,969

Liabilities & Shareholders' Equity

Total Current Liabilities165
Long-term Liabilities-
Total Stockholder Equity8,054
Total Current Liabilities
Accounts payable 140
Total Current Liabilities  (as reported)165
Total Current Liabilities  (calculated)140
+/- 25
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Common Stock10,882
Retained Earnings -2,985
Other Stockholders Equity 157
Total Stockholder Equity (as reported)8,054
Total Stockholder Equity (calculated)8,054
+/- 0
Other
Cash and Short Term Investments 6,083
Common Stock Shares Outstanding 60,371
Net Tangible Assets 8,054



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2021-12-312021-09-302021-06-302021-03-312020-12-312020-09-30
> Total Assets 
0
0
0
3,262
0
8,220
8,22003,262000
   > Total Current Assets 
3,433
3,433
2,629
2,629
6,250
6,250
6,2506,2502,6292,6293,4333,433
       Cash And Cash Equivalents 
0
0
0
2,523
0
0
002,523000
       Net Receivables 
0
0
5
5
123
123
1231235500
   > Long-term Assets 000000
       Property Plant Equipment 
65
65
633
633
1,969
1,969
1,9691,9696336336565
> Total Liabilities 
0
0
0
246
0
165
1650246000
   > Total Current Liabilities 
454
454
246
246
165
165
165165246246454454
       Accounts payable 
89
89
235
235
140
140
1401402352358989
   > Long-term Liabilities 000000
> Total Stockholder Equity
0
0
0
3,016
0
8,054
8,05403,016000
   Retained Earnings -2,985-2,985-2,381-2,381-1,969-1,969
   Accumulated Other Comprehensive Income 000000
   Capital Surplus 000000
   Treasury Stock000000



Balance Sheet

Currency in AUD. All numbers in thousands.




Cash Flow

Currency in AUD. All numbers in thousands.




Income Statement

Currency in AUD. All numbers in thousands.


Latest Income Statement (annual, 2021-12-31)

Gross Profit (+$)
totalRevenue-
Cost of Revenue--
Gross Profit-0
 
Operating Income (+$)
Gross Profit-
Operating Expense--
Operating Income-1,0190
 
Operating Expense (+$)
Research Development-
Selling General Administrative795
Selling And Marketing Expenses-
Operating Expense-795
 
Net Interest Income (+$)
Interest Income3
Interest Expense-0
Net Interest Income33
 
Pretax Income (+$)
Operating Income-1,019
Net Interest Income3
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-1,016-1,019
EBIT - interestExpense = -935
-1,016
-1,016
Interest Expense0
Earnings Before Interest and Taxes (ebit)-935-1,016
Earnings Before Interest and Taxes (ebitda)-1,019
 
After tax Income (+$)
Income Before Tax-1,016
Tax Provision-0
Net Income From Continuing Ops-1,016-1,016
Net Income-1,016
Net Income Applicable To Common Shares-1,016
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses61
Total Other Income/Expenses Net--3
 

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