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MEC Resources Limited

Energy AU MMR

0.004AUD
0.001(33.33%)

Last update at 2025-02-20T05:10:00Z

Day Range

0.0040.004
LowHigh

52 Week Range

0.0030.006
LowHigh

Fundamentals

  • Previous Close 0.003
  • Market Cap7.40M
  • Volume105000
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-0.22839M
  • Revenue TTM0.00593M
  • Revenue Per Share TTM-
  • Gross Profit TTM 0.00593M
  • Diluted EPS TTM-

Analyst Recommendations

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Income before tax -0.48017M -1.12544M -0.85855M -1.14391M -1.42807M
Minority interest - - - - 2.02M
Net income -0.48044M -1.23781M -0.89534M -2.60043M -1.33967M
Selling general administrative 0.45M 0.48M 0.54M 0.26M 0.55M
Selling and marketing expenses - - - - -
Gross profit -0.00154M -0.00045M -0.00145M 0.00185M 0.11M
Reconciled depreciation - - 0.00145M 0.00061M 0.00082M
Ebit -0.31490M -0.93244M -0.82176M -1.14386M -1.42484M
Ebitda -0.31490M -1.04482M -0.82031M -1.14325M -1.42402M
Depreciation and amortization 0.00154M -0.11238M 0.00145M 0.00061M 0.00082M
Non operating income net other - - - - -
Operating income -0.31490M -0.93244M -0.82176M -0.73160M -1.42484M
Other operating expenses 0.58M 0.93M 0.82M 0.82M 1.87M
Interest expense 0.17M 0.08M 0.04M 0.00065M 0.00323M
Tax provision 0.00028M 0.00000M 0.00000M 0.00000M 0.00000M
Interest income 0.02M 0.02M 0.04M 0.00066M 0.00323M
Net interest income -0.14935M -0.06401M -0.03679M -0.00065M 0.10M
Extraordinary items - - 0.00000M -1.45651M -
Non recurring - - - - -
Other items - - - - -
Income tax expense 0.00028M 0.11M 0.04M 1.14M -0.08840M
Total revenue - - 0.03M 0.00246M 0.11M
Total operating expenses 0.58M 0.93M 0.82M 0.82M 1.87M
Cost of revenue 0.00154M 0.00045M 0.00145M 0.00061M -
Total other income expense net 0.25M -0.19299M -0.03679M -0.32137M -0.00323M
Discontinued operations - - - -1.45651M -1.45651M
Net income from continuing ops -0.48044M -1.12544M -0.85855M -1.14391M -1.42807M
Net income applicable to common shares - - -0.85855M -2.66980M -1.33967M
Preferred stock and other adjustments - - - - -
Breakdown 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Type yearly yearly yearly yearly yearly
Date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Total assets 8.23M 18.85M 20.59M 9.00M 9.07M
Intangible assets - - - - 0.00000M
Earning assets - - - - -
Other current assets 0.00239M 0.00239M 0.00216M 0.00216M 0.00216M
Total liab 1.14M 8.46M 9.79M 1.72M 0.76M
Total stockholder equity 7.08M 10.39M 10.80M 7.28M 8.32M
Deferred long term liab - - - - -
Other current liab - - 0.38M 0.40M 0.13M
Common stock 32.21M 45.49M 45.42M 30.64M 30.64M
Capital stock 32.21M 45.49M 45.42M 30.64M 30.64M
Retained earnings -25.56829M -36.13329M -35.65285M -23.62888M -22.70096M
Other liab - - - - -
Good will - - - - -
Other assets - - - 4.16M 3.92M
Cash 0.22M 0.03M 0.95M 0.13M 0.44M
Cash and equivalents - - - - -
Total current liabilities 1.14M 1.25M 0.56M 1.72M 0.76M
Current deferred revenue - - - -0.23000M -0.22088M
Net debt 0.28M 7.21M 7.35M 0.74M 0.16M
Short term debt 0.50M 1.08M 0.00124M 0.87M 0.59M
Short long term debt 0.50M 1.08M 0.00124M 0.87M 0.59M
Short long term debt total 0.50M 7.24M 8.30M 0.87M 0.59M
Other stockholder equity - - - -0.17550M -0.06937M
Property plant equipment - - - 0.00198M 0.00344M
Total current assets 0.22M 2.03M 3.05M 0.13M 0.44M
Long term investments 3.84M 0.34M 0.05M 8.87M 8.20M
Net tangible assets - - - 7.46M 8.32M
Short term investments -4.16113M 1.59M 1.48M 0.87M 0.00216M
Net receivables - 0.41M 0.63M 0.08M 0.00488M
Long term debt - 6.16M 8.30M 4.16M 4.12M
Inventory - -0.00239M -0.00216M - -
Accounts payable 0.64M 0.17M 0.18M 0.68M 0.26M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 0.44M 1.03M 1.03M 0.44M 0.44M
Additional paid in capital - - - - -
Common stock total equity - - - - 30.64M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 4.16M - - -0.00534M 0.43M
Deferred long term asset charges - - - - -
Non current assets total 8.00M 16.82M 17.55M 8.87M 8.63M
Capital lease obligations - - - - -
Long term debt total - - - 4.16M 4.12M
Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Investments 0.89M -3.33276M 0.05M -0.09996M -0.04775M
Change to liabilities - - 0.68M -0.40088M -0.23377M
Total cashflows from investing activities - - 0.05M -0.09996M -0.04775M
Net borrowings - - - - -
Total cash from financing activities -1.40051M 5.12M 0.16M 0.93M 0.45M
Change to operating activities - - 0.00173M -0.02414M 0.00113M
Net income -0.55850M -0.71532M -1.03405M -2.66980M -1.33967M
Change in cash -0.91908M 0.79M -0.30782M 0.18M -0.62786M
Begin period cash flow 0.95M 0.16M 0.44M 0.26M 0.98M
End period cash flow 0.03M 0.95M 0.13M 0.44M 0.35M
Total cash from operating activities -0.16691M -0.21927M -0.35058M -0.65143M -1.02598M
Issuance of capital stock - 2.40M - 0.93M 0.45M
Depreciation 0.00154M 0.00045M 0.00145M 0.00061M 0.00082M
Other cashflows from investing activities - - 0.55M -0.09996M -0.04410M
Dividends paid - - - - -
Change to inventory - - - - -
Change to account receivables - - - 0.06M 0.13M
Sale purchase of stock -0.03407M -0.17866M 0.17M 0.93M 0.45M
Other cashflows from financing activities -0.31431M 3.50M 0.05M -0.09996M -0.04775M
Change to netincome - - 0.50M 2.38M 0.42M
Capital expenditures 2.15M 3.33M 0.25M 0.05M 0.00365M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 0.21M 0.50M 0.68M -0.36263M 0.00911M
Stock based compensation - - - - -
Other non cash items 0.18M -0.06401M -0.67738M 2.38M 1.34M
Free cash flow 1.98M -3.55204M -0.35058M -0.65143M -0.00365M

Peer Comparison

Sector: Energy Industry: Oil & Gas E&P

Company Change (AUD) Price (AUD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
MMR
MEC Resources Limited		 0.001 33.33% 0.004 - - 1247.11 0.91 1077.38 -2.9516
WDS
Woodside Energy Group Ltd		 0.23 1.00% 23.26 16.01 9.71 3.51 0.79 2.62 4.62
STO
Santos Ltd		 0.14 2.13% 6.72 11.41 15.85 4.06 0.87 3.41 5.01
BPT
Beach Energy Ltd		 0.01 1.07% 1.42 - 8.48 1.74 0.92 2.05 4.31
KAR
Karoon Energy Ltd		 0.03 1.81% 1.41 3.12 7.38 1.29 0.68 1.62 2.49

Reports Covered

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Profile

MEC Resources Limited, through its subsidiaries, operates as an oil and gas exploration and development company in Australia. MEC Resources Limited was formerly known as MEC Strategic Ltd. The company was incorporated in 2005 and is based in South Perth, Australia.

MEC Resources Limited

Level 1, South Perth, WA, Australia, 6151

Key Executives

Name Title Year Born
Mr. David Leslie Breeze MD & Director 1954
Mr. Robert Marusco ACG, BBus, CPA, Dip FS(FP), GradDip, SA FIN ACSA Company Sec. NA
Mr. Hock Goh B.E. Consultant 1955
Mr. Robert Marusco ACG, BBus, CPA, Dip FS(FP), GradDip, SA FIN ACSA Company Secretary NA
Mr. Robert Marusco ACG, BBus, CPA, Dip FS(FP), GradDip, SA FIN ACSA Company Secretary NA
Mr. Robert Marusco ACG, BBus, CPA, Dip FS(FP), GradDip, SA FIN ACSA Company Secretary NA
Mr. Robert Marusco ACG, BBus, CPA, Dip FS(FP), GradDip, SA FIN ACSA Company Secretary NA

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