Mkr.Ax
MKR.AX is a diversified mining company operating in the basic materials sector, primarily engaged in the exploration and production of minerals and metals.
Business. MKR.AX is a diversified mining company operating in the basic materials sector, primarily engaged in the exploration and production of minerals and metals.
At a glance
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- 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
Signals & dispatch
Composite-score breakdown
Synthesis
MKR.AX is a diversified mining company operating in the basic materials sector, primarily engaged in the exploration and production of minerals and metals.
MKR.AX is highly leveraged, with a debt-to-equity ratio of 17.74, indicating a significant reliance on debt financing. The company's liquidity position is weak, as evidenced by a current ratio of 0.03, suggesting it may struggle to meet short-term obligations. The company reported negative operating cash flow of -5.2 million AUD and free cash flow of -16.5 million AUD, further highlighting its liquidity constraints.
Profitability metrics are severely negative, with a return on equity of -7.35 and a return on assets of -0.28, both well below industry norms for a diversified mining company. The company reported a net loss of 16.9 million AUD and an operating loss of 7.6 million AUD, indicating a lack of operational efficiency and revenue generation.
The company's revenue is not disclosed in the latest financial data, and there is no information provided on its geographic or segmental revenue distribution. This lack of transparency makes it difficult to assess the company's exposure to different markets or product lines.
Growth prospects appear limited, as the company is currently reporting negative earnings and cash flows. There is no indication of a turnaround in the near term, and the company's financial performance suggests a challenging path to profitability.
The company faces significant financial risk due to its high debt levels and negative cash flows. The risk assessment indicates a medium liquidity risk, and the company's net cash position is negative after subtracting total debt. The dilution risk is assessed as low, but the company's financial structure and performance suggest a high risk of further financial distress.
Recent financial filings show a continued decline in the company's financial health, with no significant events or strategic initiatives disclosed that could reverse the current trend. The company's financial statements indicate ongoing operational challenges and a lack of progress in improving its financial position.
- MKR.AX is highly leveraged with a debt-to-equity ratio of 17.74, indicating a significant reliance on debt financing.
- The company's liquidity position is weak, with a current ratio of 0.03 and negative operating and free cash flows.
- Profitability metrics are severely negative, with a return on equity of -7.35 and a return on assets of -0.28.
- The company's financial performance suggests a challenging path to profitability, with no indication of a turnaround in the near term.
- The company faces significant financial risk due to its high debt levels and negative cash flows.
- "margin_outlook_rationale": "The company's margin outlook is negative due to its current net loss and lack of operational efficiency.",
Bull / Bear case
analysis pipelineIn focus — financials by report
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Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
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Derivatives & instruments
Physical assets
2 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| Wonawinta | Other | Silver | Australia | Operating company |
| Wonawinta | Mine | Silver | Australia | Operating company |
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Return On Assetsnet_income / total_assets
- MKR.AX Market data — financials · 2026-05-28
Ownership & reference
Leadership
- Dennis Peter KarpExecutive Chairman of the Board