Metro Mining Limited

MMI.AX

Industrial Materials · Basic Materials

Price

A$1.40

-0.01 (-0.36%)

Market Cap

A$429.9M

Exchange

Australian Securities Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Dec 31, 2025

How the score breaks down

Quality

Good

Growth

Good

Cash Flow

Good

Stability

Strong

Valuation

Good

Track this stock — start free trial

Share count rising — dilution

+212.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 5.1M (2021) → 16.0M (2025)

Winston Score History

The full picture

Metro Mining Limited is an Australian mining company that digs up bauxite — the raw material used to make aluminum. Its main asset is the Barimba Bauxite Mine on Cape York Peninsula in Queensland, Australia. The company sells bauxite directly to aluminum refineries, mostly in China, making it a small but active supplier in the global aluminum supply chain.

Metro Mining earns revenue by shipping bauxite to customers under supply contracts, with pricing tied to bauxite market rates. The company operates entirely in Australia but depends heavily on Chinese buyers for demand, which exposes it to shifts in Chinese aluminum production and trade policy. Its competitive position rests on the quality and location of its ore deposit, which allows relatively low-cost barge-based shipping. The key risk is customer concentration — if Chinese demand weakens or bauxite prices fall, revenue can drop quickly given the company's small scale and single-mine operating base.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+3.3% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+48.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

A$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

18.2%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

A$114M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Metro Mining Limited is growing revenue at 3% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

21.0%

Thin — 21.0% gross margin

Profit after running costs

Operating Margin

17.3%

Healthy — 17.3% operating margin

Return on the money invested

ROCE

36.8%

Exceptional — 36.8% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+23.1%

Fast-growing sales (+23.1% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

50%

Weak — only 50% of profit becomes cash

Spare cash per sale

FCF Margin

15.8%

Converts sales into free cash efficiently (15.8%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.48

Conservative — low debt load (0.48)

Covers its interest

Interest Cover

4.94x

Adequate interest coverage (4.9x)

Interest coverage between 3 and 8. Profits cover interest several times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

0.1x

Attractive valuation — P/E 0.1

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year

P/E vs Forward

-3.9

SLOWING

Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial