
To understand MMG Limited stock, let's dive into some key metrics. MMG Limited has a market capitalization of AU$5.3 billion.
The company's revenue in 2020 was AU$3.2 billion. This figure highlights the significant size and scale of MMG Limited's operations.
With a net profit of AU$134 million in 2020, MMG Limited has demonstrated its ability to generate substantial profits. This profit margin is a crucial indicator of the company's financial health.
MMG Limited's cash and cash equivalents stood at AU$1.1 billion as of 2020, providing a significant financial cushion. This reserve of cash can be used for various purposes, such as investing in new projects or paying off debts.
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Operations and Performance
MMG Limited operates and develops copper, zinc, and other base metals projects across several countries, including Australia, Botswana, the Democratic Republic of the Congo, and Peru.
The company has a significant presence in Peru, where its Las Bambas copper mine is a major contributor to its revenue. In the first half of 2024, the mine produced 210,000 tons of copper, a 67% increase year-on-year.
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Revenue from the Las Bambas mine jumped 60% to $2 billion in the same period, with the mine accounting for nearly three-fourths of MMG's total first-half revenue. This revenue rose 47% to $2.8 billion.
MMG's net profit after tax soared over sevenfold to $566.3 million, mainly due to increased production and higher metal prices. The company has been working to improve its community relations, which has contributed to its success.
Here are some key highlights from MMG's performance:
- Las Bambas copper mine produced 210,000 tons of copper in H1 2024, up 67% year-on-year.
- Revenue from the mine rose 60% to $2 billion in the same period.
- MMG plans to produce up to 400,000 tons of copper at Las Bambas in 2025.
Financials
Let's take a closer look at MMG Limited's financials.
The company has a significant amount of cash on hand, with total cash standing at $707.3 million as of the most recent quarter.
MMG Limited's debt levels are substantial, making up 62.03% of its equity.
The company's free cash flow is substantial, with a levered free cash flow of $1.07 billion over the trailing 12 months.
Here's a snapshot of MMG Limited's key financial metrics:
Valuation and Analysis
MMG Limited's valuation measures indicate a significant market presence. The company's market capitalization is $8.25 billion and enterprise value is $11.92 billion.
The trailing price-to-earnings (P/E) ratio is 15.89, suggesting that investors are willing to pay a premium for the company's shares.
Here is a summary of MMG Limited's valuation measures:
- Market Cap: $8.25 billion
- Enterprise Value: $11.92 billion
- Trailing P/E: 15.89
- Price/Sales (ttm): 1.46
- Price/Book (mrq): 2.11
- Enterprise Value/Revenue: 2.22
- Enterprise Value/EBITDA: 6.85
Valuation Measures
Valuation Measures are a crucial aspect of analyzing a company's worth. Market Cap is a significant indicator, and in this case, it stands at $8.25 billion.
Enterprise Value is another important metric, and here it's $11.92 billion. This figure takes into account the company's debt and cash on hand, giving a more comprehensive picture.
A Trailing P/E of 15.89 suggests that investors are willing to pay $15.89 for every dollar of earnings the company has generated in the past. This is a key metric to consider when evaluating a company's valuation.
The Price/Sales ratio is 1.46, indicating that investors are willing to pay $1.46 for every dollar of sales generated by the company. This ratio can be useful in comparing companies across different industries.
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The Price/Book ratio is 2.11, which means investors are paying $2.11 for every dollar of book value. This ratio can help identify undervalued or overvalued companies.
Here's a summary of the key valuation measures:
Enterprise Value/Revenue is 2.22, and Enterprise Value/EBITDA is 6.85. These ratios can help investors understand the company's valuation in relation to its revenue and earnings before interest, taxes, depreciation, and amortization.
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Analysts' Recommendations
Analysts' recommendations can be a valuable tool in evaluating a company's stock. Jefferies has adjusted MMG Limited's price target to HK$4 from HK$3.50, keeping their recommendation at Hold.
TF Securities has started MMG at Buy with a price target of HK$3.50. This suggests that they believe the stock has potential for growth.
HSBC has upgraded MMG to Buy from Hold, with a price target of HK$2.60. This change in recommendation indicates that they have become more optimistic about the company's prospects.
The price target adjustments from Jefferies have been notable, with changes from HK$3.50 to HK$2.80 and then back to HK$3. These changes may reflect the analysts' shifting views on the company's valuation.
Management and Directors
At MMG Limited, you'll find a team of experienced leaders who are dedicated to driving the company's success. Jing Ivo Zhao is the CEO, a position he's held since April 11, 2025, at the age of 41.
Jing Ivo Zhao is not the only high-ranking executive at MMG Limited. Song Qian serves as the Director of Finance/CFO, a role he's been in since March 5, 2024, at 54 years old.
Nan Wang is another key player, serving as the Chief Operating Officer since January 31, 2024, at 51 years old.
Here's a rundown of the top executives at MMG Limited:
Ji Qing Xu serves as the Chairman, a position he's held since August 17, 2023, at 57 years old.
Industry and Peers
In the industry, MMG Limited stands out with a significant market cap of $86.20 billion, dwarfing its peers. China National Building Material Co Ltd has a market cap of $43.43 billion, while West China Cement Limited and Wanguo Gold Group Ltd have market caps of $18.57 billion and $39.50 billion, respectively.
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MMG Limited's revenue per employee is $8.10, which is significantly higher than its peers. West China Cement Limited's revenue per employee is $5.76, while China National Building Material Co Ltd's is $1.94.
Here is a comparison of the key statistics of MMG Limited and its peers:
The quick ratio of MMG Limited is 15.86, which is significantly higher than its peers. China National Building Material Co Ltd's quick ratio is 6.44, while West China Cement Limited's is 12.20.
Mining & Metals
In the Mining & Metals sector, we see a mix of market performance. On October 6, Hong Kong stocks slipped ahead of a holiday, but miners tracked metals higher.
Some notable companies in the sector include MMG, which listed $500 million in zero-coupon convertible bonds due 2030 in Hong Kong on October 9.
The market capitalization of these companies varies widely, ranging from $983 billion to $1,674 billion.
Here's a snapshot of the market capitalization of some Mining & Metals companies:
The price-to-earnings ratio is also an important metric to consider, with some companies having a P/E ratio of 16.3x in 2025 and 13.5x in 2026.
Peer Analysis
In the peer analysis, we can see that West China Cement Limited has a revenue of $10.98 billion and a net income of $1.08 billion, while Wanguo Gold Group Ltd has a revenue of $2.39 billion and a net income of $1.01 billion.
West China Cement Limited's market capitalization is $18.57 billion, significantly lower than Wanguo Gold Group Ltd's $39.50 billion.
China National Building Material Co Ltd has a much higher revenue of $197.73 billion, dwarfing the other two companies.
MMG Ltd has a revenue of $41.85 billion, which is more than four times that of Wanguo Gold Group Ltd.
Here is a comparison of the companies' revenue per employee:
As we can see, Wanguo Gold Group Ltd has the highest revenue per employee, indicating a more efficient operation.
Select Symbol
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The current price of MMG Limited is 7.10 HKD. This is a significant figure to keep in mind when considering an investment.
If you're looking to buy shares, you'll want to know that 126.14 million shares have been traded today. This is a substantial number and can give you an idea of the market's interest in the company.
The stock's performance has been impressive, with a 1-year change of +160.07%. This is a remarkable increase and suggests that MMG Limited is a strong performer in the market.
Here are the key statistics to consider:
- Price (HKD): 7.10
- Today's Change: -0.44 / -5.84%
- Shares traded: 126.14m
- 1 Year change: +160.07%
- Beta: 1.4396
Frequently Asked Questions
Who owns MMG Limited?
MMG Limited is owned by China Minmetals Corporation (CMC), a major multinational state-owned enterprise in China. CMC was founded in 1950 and is one of China's largest state-owned companies.
What does MMG do?
MMG is a global mining company that produces base metals such as copper and zinc. We operate in several countries across the world, extracting these essential metals for various industries.
What company is MMG?
MMG is a mid-tier global resources company that mines, explores, and develops base metal projects worldwide. It is majority-owned by China Minmetals with a 68% stake.
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