Handelsavisen
prelaunch
Companies Basic Materials MEI.AX
ME
MEI.AX ASX Diversified Mining

Mei.Ax

A$0,17
Open in Charts → Attach watcher ⌖
AUD
Set alert
Last 30 days
1D5D1M3M6MYTD1Y5YMax
Live price chart loads from the market-data widget.
Mcap
505,3M AUD
P/E
EV / Rev
Div yield
Op margin
ROE
-432,4 %
Net margin
Debt / equity
0,04
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
Ex-dividend
TR 1Y
About

MEI.AX operates in the Diversified Mining industry, extracting and processing various minerals and metals for industrial and commercial applications.

Business. MEI.AX operates in the Diversified Mining industry, extracting and processing various minerals and metals for industrial and commercial applications.

Classification92 %
SectorBasic Materials
Business sectorMineral Resources
IndustryDiversified Mining
Generated · model-assisted
Sell-side consensus
BUY6 analysts
6 buy0 hold0 sell
Avg 12m price target0,36

Analyst recommendations

6 analysts · consensus Buy
Buy6
Hold0
Sell0
12-month price target
0,36
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
Buy
6 analysts · indicative
Ownership
not yet wired
Profitability
-432,4 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning MEI.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials · THIS SECTOR+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,7 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Consumer Discretionary+0,4 %+7,7 %−0,2 %
    Information Technology+0,3 %+7,8 %−0,3 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to MEI.AX. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    MEI.AX operates in the Diversified Mining industry, extracting and processing various minerals and metals for industrial and commercial applications.

    Classification92 %
    SectorBasic Materials
    Business sectorMineral Resources
    IndustryDiversified Mining
    AI synthesis
    GENERATED

    MEI.AX's capital structure is characterized by a high price-to-book ratio of 59.92, indicating that the market values the company significantly above its book value. The company's liquidity position is moderate, as reflected by a current ratio of 1.53, suggesting it can cover its short-term obligations but with limited buffer. The company's free cash flow is negative at -37,259,230 AUD, indicating that it is not generating sufficient cash from operations to fund its capital expenditures and other operational needs.

    In terms of profitability, MEI.AX is currently unprofitable, with a net income of -36,467,530 AUD and an operating income of -37,453,530 AUD. The company's return on equity is -4.324%, and its return on assets is -2.1436%, both of which are significantly below the industry median for Diversified Mining companies. This suggests that the company is underperforming in terms of generating returns for its shareholders and utilizing its assets efficiently.

    MEI.AX's revenue is not segmented by geographic regions or product lines in the provided data, making it difficult to assess the company's exposure to different markets or the concentration of its revenue sources. However, the company's operations are likely concentrated in the regions where it has mining assets, which can expose it to local economic and regulatory risks.

    The company's growth trajectory is uncertain, as it is currently reporting negative operating and net income. The outlook for the current fiscal year does not provide specific numeric deltas for revenue growth, but the negative cash flows and unprofitability suggest that the company may face challenges in achieving positive growth in the near term. The company's capital expenditures are relatively low at -1,175,020 AUD, which may indicate a conservative approach to investment or a lack of expansion opportunities.

    The risk assessment for MEI.AX indicates a medium level of liquidity risk, with a debt-to-equity ratio of 0.04, suggesting that the company has a relatively low level of debt compared to its equity. However, the company's net cash position is negative after subtracting total debt, which could pose a risk to its short-term liquidity. The dilution risk is assessed as low, but the company's negative free cash flow and unprofitability could lead to the need for additional financing, which might result in share dilution.

    Recent events and filings for MEI.AX do not provide specific details, but the company's financial performance and risk profile suggest that it may be facing operational and financial challenges. The company's mean price target of 0.36 AUD, as estimated by analysts, is significantly higher than its current market price of 0.175 AUD, indicating that analysts have a more optimistic view of the company's future performance than is currently reflected in its stock price.

    Key takeaways
    • MEI.AX is currently unprofitable with negative operating and net income.
    • The company's price-to-book ratio is significantly high, indicating a disconnect between market valuation and book value.
    • MEI.AX has a moderate liquidity position with a current ratio of 1.53.
    • The company's return on equity and return on assets are below the industry median, indicating poor performance in generating returns.
    • Analysts have a more optimistic view of the company's future performance, as reflected in the mean price target of 0.36 AUD.
    • "margin_outlook_rationale": "The company's margin outlook is negative due to its current unprofitability and negative operating income.",

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    A$0,17
    Market cap
    A$505.3M
    Enterprise value
    A$505.7M
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    59.9x
    P / Tangible book
    59.9x
    Tangible book
    A$8.4M
    Net cash
    -A$322.9k
    Current ratio
    1.5
    Debt / equity
    0.0
    ROA
    -2.1%
    ROE
    -4.3%
    Cash conversion
    88.0%
    CapEx / revenue
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    -0,01
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    6
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-05-04 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate-0,01
    Revenueno estimateno estimate0 AUD
    Operating incomeno estimateno estimate-25,7M AUD
    Full-year consensus mean (period as reported by source) · consensus in AUD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution6 analysts
    Strong buy1
    Buy5
    Hold0
    Sell0
    Strong sell0
    12-month price targetA$0,36 · Median A$0,36
    Low A$0,25High A$0,50
    Operating income · consensus-25,7M AUD
    EPS surprise
    −104,3 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    LowA$0,25
    MeanA$0,36
    MedianA$0,36
    HighA$0,50
    SpotA$0,17
    +106.7 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    ROE-432,4 %Bottom quartile
    D/E0,04Bottom quartile
    Cash Conv0,88Above median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Return On Equity
      net_income / total_equity
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Market Cap
      market_price * shares_outstanding_diluted
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    Source documents
    • MEI.AX Market data — financials · 2026-05-28
    • Meteoric Resources NL Market data — analyst estimates · 2026-05-28

    Ownership & reference

    Leadership

    • Andrew TunksExecutive Chairman of the Board

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    MEI.AXCanonical
    ASX · AUD

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-07-15INSIDERDeGaynor Jonathan B transacted 8.0k sh — Director, CEO and President ~$126k
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: ma_probability (180d)
    2026-06-25 11:30 UTCNEWSBrazil delays MEI reform bill after legislative standoff → The federal government has postponed submitting legislation to raise revenue caps for individual micro-entrepreneurs, citing unresolved disagreements with the Chamber of Deputies.
    2026-06-24 00:00 UTCTRANSCRIPTEarnings call — Q2 2026
    2026-06-24 00:00 UTCEARNINGSUpcomingEarnings scheduled →
    2026-06-24EVENTQ2 2026 earnings (expected) estimated date
    2026-06-21 02:57 UTCHOLDERInstitutional holding changed
    2026-06-21 02:57 UTCHOLDERInstitutional holding changed
    2026-06-21 02:57 UTCHOLDERInstitutional holding changed
    2026-06-21 02:57 UTCHOLDERInstitutional holding changed
    2026-06-21 02:57 UTCHOLDERInstitutional holding changed
    2026-06-21 02:57 UTCHOLDERInstitutional holding changed
    2026-06-21 02:57 UTCHOLDERInstitutional holding changed
    2026-06-21 02:57 UTCHOLDERInstitutional holding changed
    2026-06-21 02:57 UTCHOLDER21 institutional position changes flagged
    2026-06-20 00:43 UTCANALYSTAnalyst coverage initiated
    2026-05-22 10:20 UTCFILINGRegulatory filing →
    2026-05-15FILING8-K filing →
    2026-05-02 00:00 UTCINSIDER5 insider transactions — 2026-05
    2026-05-02 00:00 UTCINSIDER5 insider transactions — 2026-05
    2026-05-02INSIDERVyverberg Kerry A. transacted 1.8k sh — General Counsel ~$16k
    2026-05-01INSIDERSCHWABERO MARK D transacted 271 sh Phantom Stock — Director ~$2k
    2026-05-01INSIDERLINDSEY MARY A transacted 181 sh Phantom Stock — Director ~$2k
    2026-05-01INSIDERBobek Therese M transacted 162 sh Phantom Stock — Director ~$1k
    2026-05-01INSIDERCadwallader Brian J transacted 271 sh Phantom Stock — Director ~$2k
    2026-04-30 00:00 UTCINSIDER1 insider transaction — 2026-04 · net sell $117k
    2026-04-30 00:00 UTCINSIDER1 insider transaction — 2026-04 · net sell $117k
    2026-04-30INSIDERDeGaynor Jonathan B transacted 14.6k sh — Director, CEO and President ~$117k
    2026-03-05FILING10-Q filing →
    2026-03-05FILING8-K filing →
    2026-01-31 00:00 UTCINSIDER5 insider transactions — 2026-01
    2026-01-31 00:00 UTCINSIDER5 insider transactions — 2026-01
    2026-01-31INSIDERBobek Therese M transacted 258 sh Phantom Stock — Director ~$1k
    2026-01-31INSIDERSCHWABERO MARK D transacted 432 sh Phantom Stock — Director ~$2k
    2026-01-31INSIDERCadwallader Brian J transacted 432 sh Phantom Stock — Director ~$2k
    2026-01-31INSIDERLINDSEY MARY A transacted 290 sh Phantom Stock — Director ~$2k
    2026-01-15INSIDERErwin John Thomas transacted 142 sh — CPO & EHS Officer ~$1k
    2025-12-18FILING8-K filing →
    2025-12-03FILING10-Q filing →
    Showing the 40 most recent of 62 entries.
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage