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MMG Limited (1208.HK)

HKD7.57 +0.50 (+7.07%)
AU HKSE Basic Materials Copper
Address 28 Freshwater Place 3006
Southbank, VIC, AU
CEO Song Qian
Website mmg.com
IPO 2004-01-21
ISIN HK1208013172

Explore sections of this company profile

Also trades on Hong Kong Stock Exchange · 1208.HK (HKD) Other OTC · MMLTF (USD)
Description

MMG Limited operates as an investment holding entity primarily engaged in the discovery, growth, and extraction of a diverse range of base and precious metals. Its portfolio encompasses copper, zinc, gold, silver, molybdenum, cobalt, and lead resources, with operations extending across Australia and various international locations. The company organizes its activities into distinct segments, notably Las Bambas, Kinsevere, Dugald River, Rosebery, and a collection of 'Other' operations. Among its key assets is a 62.5% share in the Las Bambas open-pit mine, which extracts copper and molybdenum in Peru's Apurimac region, Cotabambas. MMG also holds full ownership of the Kinsevere open-pit copper mine, situated in the Haut-Katanga province of the Democratic Republic of the Congo. Further strengthening its global footprint, the company fully controls the Dugald River underground zinc mine, located near Cloncurry in North West Queensland, as well as the Rosebery underground polymetallic base metal mine found on Tasmania's western coastline. Established in 1988 and based in Southbank, Australia, MMG Limited was formerly known as Minmetals Resources Limited until its rebranding in September 2012. It operates as a subsidiary under the umbrella of China Minmetals Corporation.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD7.57 +0.50 (+7.07%)
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Volume Profile
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Liquidity & share structure
Average Volume
49M
Beta
1.63
Float Shares
3.95B
Free Float %
32.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.67% -4.65% +6.02% -18.50% +27.50% +0.46% +202.75% +291.56% +106.81% +491.28% +1,006.64%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
7.57
DCF (Unlevered) 5.06 -33.2%
DCF (Levered) 14.85 +96.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 91% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 7 0
Hold 1 -1
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.55
Grey zone
Piotroski F-Score
8 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Copper: +11.5%
    +39.0% Q4'25: +39.1% (vs Q4'23)
  • EPS growth Copper: +54.7%
    +179.0% Q4'25: +80.8% (vs Q4'23)
  • FCF margin FCF growth · Copper: +5.7%
    +21.0% Q4'25: +20.6% (vs Q4'23)
  • EBIT margin Copper: +16.7%
    +37.6% Q4'25: +37.1% (vs Q4'23)
  • ROIC Copper: +7.0%
    +13.5% Q4'25: +29.2% (vs Q4'23)
  • Share dilution Copper: +0.0%
    +14.9% Q4'25: +39.7% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Copper: 0.66×
    1.11× Q4'25: 0.51× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.60) × ERP
WACC = 78% × Ke + 22% × Kd (7.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 5.08 Current price: 7.57
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2006
actual
Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
10 Rev. Ana.
8 EPS Ana.
Dec 2027
10 Rev. Ana.
8 EPS Ana.
Dec 2028
7 Rev. Ana.
7 EPS Ana.
Revenue
1.65B
est: 1.47B (+12.1%)
3.58B
est: 1.18B (+202.5%)
2.23B
est: 3.37B (-33.9%)
2.50B
est: 2.44B (+2.4%)
2.47B
est: 2.39B (+3.3%)
2.49B
est: 2.49B (+0.0%)
1.95B
est: 2.02B (-3.2%)
2.49B
est: 2.18B (+14.2%)
3.75B
est: 3.97B (-5.5%)
3.67B
est: 3.85B (-4.8%)
3.01B
est: 3.17B (-5.0%)
3.03B
est: 3.11B (-2.4%)
4.26B
est: 4.36B (-2.4%)
3.25B
est: 3.54B (-8.1%)
4.35B
est: 559.52M (+676.8%)
4.48B
est: 4.41B (+1.5%)
6.23B
est: 6.19B (+0.6%)
8.50B
7.61B – 9.26B
+37.4% YoY
8.56B
7.45B – 10.23B
+0.7% YoY
8.59B
7.58B – 9.81B
+0.3% YoY
EBITDA
227.76M
est: 665.50M (-65.8%)
1.02B
est: 535.60M (+89.7%)
1.07B
est: 1.54B (-30.6%)
394.10M
est: 521.33M (-24.4%)
716.60M
est: 200.89M (+256.7%)
764.40M
est: 135.75M (+463.1%)
395.60M
est: 94.36M (+319.2%)
905.40M
est: -1.34B (+167.6%)
1.97B
est: -707.21M (+378.4%)
1.73B
est: 21.33M (+8,014.5%)
1.39B
est: -224.99M (+718.0%)
1.32B
est: -616.79M (+313.4%)
2.58B
est: -732.79M (+452.1%)
1.51B
est: -735.73M (+304.9%)
1.50B
est: 271.61M (+453.6%)
2.05B
est: 2.13B (-3.9%)
3.45B
est: 3.00B (+14.9%)
4.13B
3.69B – 4.49B
+37.4% YoY
4.16B
3.62B – 4.97B
+0.7% YoY
4.17B
3.68B – 4.76B
+0.3% YoY
EBIT
81.30M
est: 326.27M (-75.1%)
525.60M
est: 262.59M (+100.2%)
756.40M
est: 1.60B (-52.6%)
426.40M
est: 546.73M (-22.0%)
277.20M
est: 397.09M (-30.2%)
240.10M
est: 289.50M (-17.1%)
-262.40M
est: 200.66M (-230.8%)
238.90M
est: -1.22B (+119.6%)
1.22B
est: 483.47M (+153.0%)
797.80M
est: 1.24B (-35.6%)
327.30M
est: 693.69M (-52.8%)
426.80M
est: 319.76M (+33.5%)
1.71B
est: 379.90M (+349.3%)
729.50M
est: 381.42M (+91.3%)
573.50M
est: 152.88M (+275.1%)
1.04B
est: 1.20B (-13.1%)
2.34B
est: 1.69B (+38.4%)
2.32B
2.08B – 2.53B
+37.4% YoY
2.34B
2.04B – 2.80B
+0.7% YoY
2.35B
2.07B – 2.68B
+0.3% YoY
Net Income
111.27M
est: 80.93M (+37.5%)
409.40M
est: 10.11M (+3,947.6%)
540.90M
est: 1.17B (-53.6%)
192.50M
est: 391.54M (-50.8%)
103.30M
est: 188.46M (-45.2%)
103.80M
est: 107.46M (-3.4%)
-1.03B
est: 85.47M (-1,301.0%)
-152.70M
est: -1.11B (+86.2%)
147.10M
est: -278.90M (+152.7%)
68.30M
est: 143.30M (-52.3%)
-230.40M
est: 56.87M (-505.1%)
-64.70M
est: -215.48M (+70.0%)
667.10M
est: -256.01M (+360.6%)
172.40M
est: 34.10M (+405.6%)
9.00M
est: 15.88M (-43.3%)
161.90M
est: 228.51M (-29.1%)
510.15M
est: 657.63M (-22.4%)
1.56B
1.12B – 1.99B
+136.5% YoY
1.51B
1.13B – 1.90B
-2.6% YoY
1.68B
1.25B – 2.12B
+11.1% YoY
SGA
33.16M
est: 51.67M (-35.8%)
165.80M
est: 41.59M (+298.7%)
280.20M
est: 472.27M (-40.7%)
208.70M
est: 156.50M (+33.4%)
191.40M
est: 202.56M (-5.5%)
228.80M
est: 89.08M (+156.8%)
190.60M
est: 72.23M (+163.9%)
149.30M
est: 78.05M (+91.3%)
196.40M
est: 142.17M (+38.1%)
154.70M
est: 138.06M (+12.1%)
119.00M
est: 113.63M (+4.7%)
122.00M
est: 111.39M (+9.5%)
129.40M
est: 156.26M (-17.2%)
137.00M
est: 126.84M (+8.0%)
142.10M
est: 22.51M (+531.3%)
151.00M
est: 177.53M (-14.9%)
387.57M
est: 248.91M (+55.7%)
342.04M
306.14M – 372.34M
+37.4% YoY
344.50M
299.69M – 411.72M
+0.7% YoY
345.45M
304.83M – 394.57M
+0.3% YoY
EPS
0.06
est: 0.01 (+700.1%)
0.13
est: 0.00 (+13,543.5%)
0.09
est: 0.02 (+457.9%)
0.04
est: 0.01 (+531.4%)
0.02
est: 0.00 (+904.4%)
0.02
est: 0.00 (+1,319.7%)
-0.17
est: -0.05 (-227.2%)
-0.02
est: 0.00 (-665.3%)
0.02
est: 0.03 (-36.0%)
0.01
est: 0.01 (-17.9%)
-0.03
est: -0.01 (-109.7%)
-0.01
est: 0.00 (-102.2%)
0.08
est: 0.07 (+14.1%)
0.02
est: 0.02 (-12.1%)
0.00
est: 0.00 (-21.6%)
0.02
est: 0.02 (-17.2%)
0.04
est: 0.06 (-24.7%)
0.13
0.09 – 0.16
+123.7% YoY
0.13
0.09 – 0.15
+3.6% YoY
0.14
0.10 – 0.17
+5.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 5/5 4/5 4/5 1/5 2/5 2/5
2026-05-28 B+ 3/5 5/5 4/5 4/5 1/5 2/5 2/5
2026-05-27 B+ 3/5 5/5 4/5 4/5 1/5 2/5 2/5
2026-05-26 B+ 3/5 5/5 4/5 4/5 1/5 2/5 2/5
2026-05-22 B+ 3/5 5/5 4/5 4/5 1/5 2/5 2/5
2026-05-21 B+ 3/5 5/5 4/5 4/5 1/5 2/5 2/5
2026-05-20 B+ 3/5 5/5 4/5 4/5 1/5 2/5 2/5
2026-05-19 B+ 3/5 5/5 4/5 4/5 1/5 2/5 2/5
2026-05-18 B+ 3/5 5/5 4/5 4/5 1/5 2/5 2/5
2026-05-15 B+ 3/5 5/5 4/5 4/5 1/5 2/5 2/5
2026-05-14 B+ 3/5 5/5 4/5 4/5 1/5 2/5 2/5
2026-05-13 B+ 3/5 5/5 4/5 4/5 1/5 2/5 2/5
2026-05-12 B+ 3/5 5/5 4/5 4/5 1/5 2/5 2/5
2026-05-11 B+ 3/5 5/5 4/5 4/5 1/5 2/5 2/5
2026-05-08 B+ 3/5 5/5 4/5 5/5 1/5 2/5 2/5
2026-05-07 B+ 3/5 5/5 4/5 5/5 1/5 2/5 2/5
2026-05-06 B+ 3/5 5/5 4/5 5/5 1/5 2/5 2/5
2026-05-05 B+ 3/5 5/5 4/5 5/5 1/5 2/5 2/5
2026-05-04 B+ 3/5 5/5 4/5 5/5 1/5 2/5 2/5
2026-04-30 B+ 3/5 5/5 4/5 5/5 1/5 2/5 2/5
2026-04-29 B+ 3/5 5/5 4/5 5/5 1/5 2/5 2/5
2026-04-28 B+ 3/5 5/5 4/5 5/5 1/5 2/5 2/5
2026-04-27 B+ 3/5 5/5 4/5 5/5 1/5 2/5 2/5
2026-04-24 B+ 3/5 5/5 4/5 5/5 1/5 2/5 2/5
2026-04-23 B+ 3/5 5/5 4/5 5/5 1/5 2/5 2/5
2026-04-22 B+ 3/5 5/5 4/5 5/5 1/5 2/5 2/5
2026-04-21 B+ 3/5 5/5 4/5 5/5 1/5 2/5 2/5
2026-04-20 B+ 3/5 5/5 4/5 5/5 1/5 2/5 2/5
2026-04-17 B+ 3/5 5/5 4/5 5/5 1/5 2/5 2/5
2026-04-16 B+ 3/5 5/5 4/5 5/5 1/5 2/5 2/5
2026-04-15 B+ 3/5 5/5 4/5 5/5 1/5 2/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
10.36B
OE per share TTM
0.89
Owner's Yield
9.69%
Maintenance CapEx ratio
1,051.04%
Maint CapEx / Avg PPE
255.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
450.5K
Shares Outstanding
12.14B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Jing Zhao Chief Executive Officer & Executive Director 16M male
Brent Walsh Group Manager of Strategy & Investor Relations male
Claudio Caceres Legal Affairs & Land Access Manager
Jarod Esam Head of Business Evaluation
Lok Wun Wong Company Secretary female
Maggie Qin Head of China Relations female
Nan Wang Chief Operating Officer male
Nicholas Myers General Counsel male
Sherry Shen Principal Investor Relations
Song Qian CFO & Executive Director male
Stephen Newman Head of Tailings & Water
Troy Hey Executive General Manager - Corporate Relations male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits