Obermatt

MMG

HKG:1208 · HK1208013172
Metals & MiningLarge

360

98
EV / EBIT97
Price / Owner Earnings20
Owner Earnings Yield75
Dividend Yield1
Price/Sales55
EV / Gross Profit79
Price/Book41
Return on Capital89
Cash Return on Capital76
Return on Equity82
EBIT Margin91
Gross Profitability80
Cash Conversion89
Accruals74
Owner Earnings Margin84
Sales growth84
Profit Growth89
Long-Term EPS Growth88
Owner Earnings Growth47
Reinvestment58
Price momentum91
Debt load38
Refinancing35
Debt Payback43
Liquidity71
Analyst ratings70
Opinion Changes50
Price Target Upside64
Market mood69
Value Creation14/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

MMG generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryChina
IndustryMetals & Mining
SizeLarge
TypePublic Company
ExchangeSEHK
Founded1988
Employees1,879
Websitemmg.com
ISINHK1208013172
Last UpdateApr 2, 2026
Index & Theme
Mining TechnologyMining

Description

MMG Limited, a globally integrated mining company, focuses on the production of base metals. The company operates various mining projects and exploration activities predominantly in Latin America and Africa. With a strong portfolio, the company engag…

Analysis

Quality compounder

MMG Limited earns the quality_compounder label: good underlying economics priced fairly, with no obvious bargain or excess.

On valuation, the picture is fair. The owner-earnings multiple stands at 24.2×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 9% a year, against analyst forecasts of 71%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is adequate. The company scores 14/20 on our value-creation score: strong value creator.

Flags to be aware of: The financial cushion is thinner than comfortable. Some accounting patterns deserve a closer look. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
76
2023202420252026

All-time high

76

Jun 2026

All-time low

16

Jan 2024

Average rank

45

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
55
69
79
76
Price/Earnings
69
90
58
93
Price/Book
41
49
65
38
Dividend Yield
1
1
1
1
Value (overall)
33
67
50
55

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →