Here is a summary of some of the figures from my workbook for MML after input of the latest report. Obviously the large impairment does make a big impact
Basic run-down of FY15 results (with FY14 number in brackets).
I am avoiding repeating figures that are already available in the financial report.
Figures in USD and rounded to 1 sig point unless ratios or cents.
Cash = 10m (13.1m)
Debt = 6m (9.3m)
Ev/OPCF = 1 (6.8)
Operational Margin/oz = 664 (754)
Free Cash flow = 4.3m (-24.1m)
Equity = 192m (412.3m)
P/E = 1.7 (11.1)
Net Profit After Tax (adjusted) = 41.5m (30.9m)
EPS (adjusted) = 20c (15c)
Ev/Sales = 0.5 (4)
Working Capital = 32.4m (15.9m)
Altman Z score = 3.6 (7.6)
Current Ratio = 2.6 (1.6)
Price to Book = 0.37 (0.83)
Price to Sales = 0.58 (4.07)
Return on Capital Employed = 21% (7%)
Return on Equity = 22% (7%)
Net Margin = 34% (37%)
Earnings Yield = 60% (9%)
Asset Turnover = 57% (19%)
Piotroski F-score = 8 (4)
Return on Total Assets = 19% (7%)
Gross Margin = 41.6% (49.2%)
Operating Margin = 34.7% (39.3%)
Pre-tax Margin = 33.1% (36.4%)
Net Profit Margin = 33.7% (36.7%)
Sales Growth = 46.3% (-32.5%)
Trailing P/E = 1.7 (2.3)
Cash Cost per tonne milled = 69 (55)
All-in Costs per sold oz = 1122 (1628)
Value of Resource backing/share = 8.3 (10)
Share Price as % of Resource Value = 5.8% (18.9%)
Any errors are entirely mine. All formulas used are identical for all 75 producers that I monitor.
CPDLC
MML Price at posting:
47.5¢ Sentiment: Buy Disclosure: Held