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Mindax

ASX:MDX
Snowflake Description

Imperfect balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MDX
ASX
A$3M
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

Mindax Limited explores for mineral properties in Australia. The last earnings update was 188 days ago. More info.


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MDX Share Price and Events
7 Day Returns
0%
ASX:MDX
1.5%
AU Metals and Mining
1%
AU Market
1 Year Returns
-80%
ASX:MDX
14.5%
AU Metals and Mining
6.9%
AU Market
MDX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mindax (MDX) 0% 0% 0% -80% -62.5% -96%
AU Metals and Mining 1.5% 6.2% -3.6% 14.5% 54.7% 25.2%
AU Market 1% 4.2% 1.6% 6.9% 20.9% 18.7%
1 Year Return vs Industry and Market
  • MDX underperformed the Metals and Mining industry which returned 14.5% over the past year.
  • MDX underperformed the Market in Australia which returned 6.9% over the past year.
Price Volatility
MDX
Industry
5yr Volatility vs Market

MDX Value

 Is Mindax undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Mindax. This is due to cash flow or dividend data being unavailable. The share price is A$0.003.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mindax's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mindax's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:MDX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.00
ASX:MDX Share Price ** ASX (2019-06-25) in AUD A$0
Australia Metals and Mining Industry PE Ratio Median Figure of 82 Publicly-Listed Metals and Mining Companies 13.23x
Australia Market PE Ratio Median Figure of 554 Publicly-Listed Companies 18.24x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mindax.

ASX:MDX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:MDX Share Price ÷ EPS (both in AUD)

= 0 ÷ 0.00

-3.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mindax is loss making, we can't compare its value to the AU Metals and Mining industry average.
  • Mindax is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Mindax's expected growth come at a high price?
Raw Data
ASX:MDX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Metals and Mining Industry PEG Ratio Median Figure of 44 Publicly-Listed Metals and Mining Companies 1.23x
Australia Market PEG Ratio Median Figure of 356 Publicly-Listed Companies 1.66x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Mindax, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mindax's assets?
Raw Data
ASX:MDX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.00
ASX:MDX Share Price * ASX (2019-06-25) in AUD A$0
Australia Metals and Mining Industry PB Ratio Median Figure of 592 Publicly-Listed Metals and Mining Companies 1.61x
Australia Market PB Ratio Median Figure of 1,706 Publicly-Listed Companies 1.77x
ASX:MDX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:MDX Share Price ÷ Book Value per Share (both in AUD)

= 0 ÷ 0.00

2.17x

* Primary Listing of Mindax.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mindax is overvalued based on assets compared to the AU Metals and Mining industry average.
X
Value checks
We assess Mindax's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Mindax has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MDX Future Performance

 How is Mindax expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mindax has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.4%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mindax expected to grow at an attractive rate?
  • Unable to compare Mindax's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Mindax's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Mindax's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:MDX Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 3.4%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.4%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:MDX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:MDX Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 -1 -1
2018-09-30 0 0 -1
2018-06-30 0 0 -1
2018-03-31 0 0 -1
2017-12-31 0 0 -1
2017-09-30 0 0 -1
2017-06-30 0 0 -1
2017-03-31 0 0 -1
2016-12-31 0 0 -1
2016-09-30 0 0 -1
2016-06-30 0 0 -1
2016-03-31 0 -1 -8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Mindax is high growth as no earnings estimate data is available.
  • Unable to determine if Mindax is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:MDX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Mindax Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MDX Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 0.00
2016-03-31 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Mindax will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Mindax's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  2. Mindax's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Mindax's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mindax has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MDX Past Performance

  How has Mindax performed over the past 5 years?

  • Mindax's last earnings update was 188 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mindax's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mindax does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Mindax's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Mindax's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Mindax's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mindax Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MDX Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.00 -0.70 0.63
2018-09-30 0.01 -0.65 0.62
2018-06-30 0.01 -0.60 0.60
2018-03-31 0.01 -0.61 0.62
2017-12-31 0.01 -0.63 0.63
2017-09-30 0.01 -0.60 0.60
2017-06-30 0.00 -0.57 0.56
2017-03-31 0.00 -0.57 0.54
2016-12-31 0.00 -0.58 0.51
2016-09-30 0.00 -0.79 0.64
2016-06-30 0.00 -1.00 0.77
2016-03-31 0.00 -8.45 0.96
2015-12-31 0.00 -15.90 1.15
2015-09-30 0.00 -18.80 1.27
2015-06-30 0.00 -21.71 1.40
2015-03-31 0.03 -15.01 1.98
2014-12-31 0.05 -8.30 2.56
2014-09-30 0.06 -6.47 2.70
2014-06-30 0.08 -4.64 2.83
2014-03-31 0.23 -4.63 2.52
2013-12-31 0.38 -4.63 2.21
2013-09-30 0.39 -3.81 2.17
2013-06-30 0.40 -2.99 2.14
2013-03-31 0.62 -2.61 2.27
2012-12-31 0.84 -2.23 2.41
2012-09-30 0.87 -2.26 2.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Mindax has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Mindax has efficiently used its assets last year compared to the AU Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Mindax improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Mindax's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mindax has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MDX Health

 How is Mindax's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mindax's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mindax's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Mindax has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mindax's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mindax Company Filings, last reported 8 months ago.

ASX:MDX Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1.15 0.05 0.14
2018-09-30 1.15 0.05 0.14
2018-06-30 1.14 0.10 0.21
2018-03-31 1.14 0.10 0.21
2017-12-31 0.84 0.01 0.01
2017-09-30 0.84 0.01 0.01
2017-06-30 1.04 0.01 0.02
2017-03-31 1.04 0.01 0.02
2016-12-31 1.01 0.01 0.01
2016-09-30 1.01 0.01 0.01
2016-06-30 1.13 0.00 0.01
2016-03-31 1.13 0.00 0.01
2015-12-31 1.18 0.00 0.01
2015-09-30 1.18 0.00 0.01
2015-06-30 0.81 0.80 0.09
2015-03-31 0.81 0.80 0.09
2014-12-31 16.05 0.80 0.17
2014-09-30 16.05 0.80 0.17
2014-06-30 21.73 0.80 0.24
2014-03-31 21.73 0.80 0.24
2013-12-31 24.56 0.30 0.92
2013-09-30 24.56 0.30 0.92
2013-06-30 25.48 0.00 3.61
2013-03-31 25.48 0.00 3.61
2012-12-31 25.51 0.00 3.95
2012-09-30 25.51 0.00 3.95
  • Mindax's level of debt (4.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.2% vs 4.4% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Mindax has less than a year of cash runway based on current free cash flow.
  • Mindax has less than a year of cash runway if free cash flow continues to reduce at historical rates of -9.4% each year.
X
Financial health checks
We assess Mindax's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mindax has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MDX Dividends

 What is Mindax's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Mindax dividends.
If you bought A$2,000 of Mindax shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Mindax's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mindax's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:MDX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 42 Stocks 4.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 406 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Mindax has not reported any payouts.
  • Unable to verify if Mindax's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mindax's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mindax has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mindax's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mindax afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mindax has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MDX Management

 What is the CEO of Mindax's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Mindax has no CEO, or we have no data on them.
Management Team

Benjamin Chow

TITLE
Executive Chairman
COMPENSATION
A$195K
AGE
73

Dennis Wilkins

TITLE
Company Secretary
COMPENSATION
A$9K
AGE
56
Board of Directors Tenure

Average tenure of the Mindax board of directors in years:

5.8
Average Tenure
  • The tenure for the Mindax board of directors is about average.
Board of Directors

Benjamin Chow

TITLE
Executive Chairman
COMPENSATION
A$195K
AGE
73
TENURE
5.3 yrs

Eric Loh

TITLE
Non-Executive Director
COMPENSATION
A$62K
TENURE
7.5 yrs

Yonggang Li

TITLE
Non-Executive Director
COMPENSATION
A$30K
AGE
42
TENURE
6.4 yrs

Qinglong Zeng

TITLE
Non-Executive Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
21. Dec 18 Sell Andrew Tsang Individual 17. Dec 18 17. Dec 18 -100,000 A$0.01 A$-1,245
14. Dec 18 Buy Andrew Tsang Individual 05. Dec 18 13. Dec 18 15,036,742 A$0.00 A$31,269
X
Management checks
We assess Mindax's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mindax has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MDX News

Simply Wall St News

What Kind Of Investor Owns Most Of Mindax Limited (ASX:MDX)?

Check out our latest analysis for Mindax ASX:MDX Ownership Summary, May 24th 2019 What Does The Lack Of Institutional Ownership Tell Us About Mindax? … Small companies that are not very actively traded often lack institutional investors, but it's less common to see large companies without them. … However, high insider ownership can also give immense power to a small group within the company.

Simply Wall St -

Did Changing Sentiment Drive Mindax's Share Price Down A Painful 94%?

Spare a thought for anyone who held Mindax Limited (ASX:MDX) for five whole years - as the share price tanked 94%. … As a general rule, if a company doesn't have revenue, and it loses money, then it is a high risk investment. … But since the share price has dived -43% per year, over 5 years, it looks like some investors think it's time to abandon ship, so to speak.

Simply Wall St -

Should You Be Concerned About Mindax Limited's (ASX:MDX) Historical Volatility?

If you're interested in Mindax Limited (ASX:MDX), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

What Percentage Of Mindax Limited (ASX:MDX) Shares Do Insiders Own?

The big shareholder groups in Mindax Limited (ASX:MDX) have power over the company. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … With a market capitalization of AU$9m, Mindax is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

What You Must Know About Mindax Limited's (ASX:MDX) Financial Strength

Investors are always looking for growth in small-cap stocks like Mindax Limited (ASX:MDX), with a market cap of AU$5.93m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Who Are The Top Investors In Mindax Limited (ASX:MDX)?

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: With a low level of institutional ownership, investors in MDX need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

What Investors Should Know About Mindax Limited's (ASX:MDX) Financial Strength

With this growth in debt, MDX's cash and short-term investments stands at AU$22.22K , ready to deploy into the business. … ASX:MDX Historical Debt Apr 14th 18 Is MDX’s debt level acceptable? … With a debt-to-equity ratio of 1.27%, MDX's debt level is relatively low.

Simply Wall St -

What Kind Of Risk Should You Expect For Mindax Limited (ASX:MDX)?

See our latest analysis for Mindax An interpretation of MDX's beta Mindax’s beta of 0.88 indicates that the company is less volatile relative to the diversified market portfolio. … This means that the change in MDX's value, whether it goes up or down, will be of a smaller degree than the change in value of the entire stock market index. … Based on this beta value, MDX appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market.

Simply Wall St -

Was Mindax Limited's (ASX:MDX) Earnings Growth Better Than The Industry's?

After reading Mindax Limited's (ASX:MDX) latest earnings update (30 June 2017), I found it beneficial to look back at how the company has performed in the past and compare this against the most recent numbers. … I prefer to use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … For Mindax, its most recent trailing-twelve-month earnings is -AU$570.72K, which, relative to the previous year's level, has become less negative.

Simply Wall St -

Who Are The Top Investors In Mindax Limited (ASX:MDX)?

In this article, I'm going to take a look at Mindax Limited’s (ASX:MDX) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … The company hardly has institutions in its ownership structure, indicating limited concern for investors to worry about potential sell-offs that could arise due to extensive liquidation. … Private Company Ownership Potential investors in MDX should also look at another important group of investors: private companies, with a stake of 3.03%, who are primarily invested because of strategic and capital gain interests.

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MDX Company Info

Description

Mindax Limited explores for mineral properties in Australia. It operates through Gold and Iron Ore segments. The company’s flagship project is the Mt Forrest iron project located in the Yilgarn province. Mindax Limited was incorporated in 2003 and is based in West Perth, Australia.

Details
Name: Mindax Limited
MDX
Exchange: ASX
Founded: 2003
A$2,859,424
953,141,359
Website: http://www.mindax.com.au
Address: Mindax Limited
11 Ventnor Avenue,
Suite 2,
West Perth,
Western Australia, 6005,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MDX Ordinary Shares Australian Securities Exchange AU AUD 08. Dec 2004
CHIA MDX Ordinary Shares Chi-X Australia AU AUD 08. Dec 2004
Number of employees
Current staff
Staff numbers
0
Mindax employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/21 10:30
End of day share price update: 2019/06/25 00:00
Last earnings filing: 2019/03/17
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.