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MGL.AU Magontec Limited
AU AUD Basic Materials
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- Market cap
- 12M
- P/E ratio
- Not available
- Analyst target
- 0.37
- Dividend yield
- Not available
- Beta
- 0.21
Profile
Company facts
- Exchange
- AU
- Currency
- AUD
- Sector
- Basic Materials
- Industry
- Other Industrial Metals & Mining
- ISIN
- AU000000MGL2
- Market cap
- 12M
- P/E ratio
- Not available
- Analyst target
- 0.37
- Dividend yield
- Not available
- Beta
- 0.21
About
About Magontec Limited
Magontec Limited, together with its subsidiaries, researches, develops, manufactures, and sells generic and specialist magnesium alloys in Australia, Europe, China, North America, and internationally. The company manufactures and distributes magnesium and titanium cathodic corrosion protection (CCP) products, such as HyTonic anodes, Correx impressed current systems, CorroScout measuring systems, and S-Patron intelligent measuring and control systems. Its CCP products are used in water storage vessels. Additionally, the company recycles magnesium alloys scrap. The company serves automotive, aerospace, power tools, die casting, defense, steel, HVAC, and plumbing industries. Magontec Limited was formerly known as Advanced Magnesium Limited and changed its name to Magontec Limited in November 2011. The company was founded in 1953 and is headquartered in Sydney, Australia.
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Investor discussion
1 comment
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5 years, 5 months ago
Magontec Limited is currently in a long term downtrend where the price is trading 5.1% below its 200 day moving average.
From a valuation standpoint, the stock is 100.0% cheaper than other stocks from the Basic Materials sector with a price to sales ratio of 0.3.
Magontec Limited's total revenue sank by 22.5% to $49M since the same quarter in the previous year.
Its net income has increased by 65.1% to $-567K since the same quarter in the previous year.
Finally, its free cash flow grew by 105.1% to $216K since the same quarter in the previous year.
Based on the above factors, Magontec Limited gets an overall score of 3/5.