Metals Acquisition Corp. II logo MTAL - Metals Acquisition Corp. II

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 0
HOLD 3
SELL 0
STRONG
SELL 0
| PRICE TARGET: $15.50 DETAILS
HIGH: $16.00
LOW: $15.00
MEDIAN: $15.50
CONSENSUS: $15.50
UPSIDE: 53.76%
Annual Quarterly
Metric 2024 2023 2022 2021
Revenue
Revenue 340.7 159.0 0 0
Cost of Revenue 223.4 141.2 0 0
Gross Profit 117.3 17.8 (2.1) 0
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 37.7 29.9 0.2 1.1
Other Expenses 2.6 62.9 2.2 0
Operating Expenses 40.3 92.8 2.5 1.1
Operating Income
Operating Income 77.0 (74.9) (10.0) (1.1)
Interest Expense 59.6 40.6 8.5 0
Interest Income 0 0 3.8 0.0
Profitability
EBITDA 59.0 31.1 (4.7) 10.8
EBIT (19.3) (15.7) (4.7) 10.8
Income Before Tax (79.0) (159.6) (25.0) 10.8
Income Tax Expense 2.7 (15.0) 0 0
Net Income (81.7) (144.6) (13.3) 10.8
Per Share Data
EPS (Basic) -1.14 -4.83 -0.75 0.33
EPS (Diluted) -1.14 -4.83 -0.75 0.33
Shares Outstanding 71.5 29.9 33.1 33.1
Metric 2024 2023 2022 2021
Current Assets
Cash & Cash Equivalents 171.9 32.4 0.0 1.0
Short-Term Investments 0 0 0 0
Net Receivables 6.4 33.2 0.1 0
Inventory 28.0 21.5 0 0
Other Current Assets 0.9 1.8 (0.0) 0
Total Current Assets 207.9 88.9 0.3 1.3
Non-Current Assets
Property, Plant & Equipment 1,195.4 1,212.8 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Long-Term Investments 4.0 3.8 268.9 265.2
Other Non-Current Assets 0.2 0.4 0 0.2
Total Non-Current Assets 1,199.6 1,217.0 268.9 265.3
Total Assets 1,407.6 1,305.9 270.2 266.6
Current Liabilities
Account Payables 13.9 29.4 0.9 0.6
Short-Term Debt 58.3 15.7 0.8 0
Deferred Revenue 0 (0.2) 0 0
Other Current Liabilities 58.8 178.5 16.5 0.0
Total Current Liabilities 186.1 290.9 18.2 0.6
Non-Current Liabilities
Long-Term Debt 344.9 380.0 0 0
Deferred Tax Liabilities 0 121.0 0 0
Other Non-Current Liabilities 303.7 236.0 271.9 17.7
Total Non-Current Liabilities 654.5 747.0 271.9 17.7
Total Liabilities 840.6 1,037.9 25.7 18.3
Stockholders' Equity
Common Stock 0.0 0.0 268.9 265.1
Retained Earnings (235.7) (165.5) (24.4) (16.8)
Accumulated Other Comprehensive Income 1.2 1.2 0.9 0
Total Stockholders' Equity 567.0 268.0 244.5 248.3
Total Liabilities & Equity 1,407.6 1,305.9 270.2 266.6
Debt Metrics
Total Debt 413.8 411.4 0.8 0
Net Debt 241.9 441.8 0.7 (1.0)
Metric 2024 2023 2022 2021
Operating Activities
Net Income (79.0) (144.6) (4.7) 10.8
Depreciation & Amortization 78.4 46.7 0.0 0
Stock-Based Compensation 4.5 0 0.2 0
Change in Working Capital 10.1 21 6.8 0.1
Other Non-Cash Items 102.7 68.5 (5.2) (11.9)
Operating Cash Flow 116.7 (11.7) (2.9) (1.0)
Investing Activities
Capital Expenditure (60.4) (25.2) 0 0.0
Acquisitions (75) (770.5) 0 0
Purchases of Investments 0 0 0 (265.1)
Sales/Maturities of Investments 0 0 0 0
Other Investing Activities (29.9) 16.6 0 0
Investing Cash Flow (165.3) (779.1) 0 (265.1)
Financing Activities
Net Debt Issuance (83.3) 490.9 2.0 0
Stock Repurchased 0 0 0 0
Dividends Paid 0 0 0 0
Other Financing Activities (24.5) 0 0.0 0
Financing Cash Flow 194.9 823.1 2.0 267.1
Cash Position
Net Change in Cash 139.5 32.3 (0.9) 1.0
Cash at Beginning 32.4 0.0 1.0 0
Cash at End 171.9 32.4 0.0 1.0
Free Cash Flow 56.3 (36.9) (2.9) (1.0)
Key Metrics 2024 2023 2022 2021
Income Statement
Revenue 340.7 159.0 0 0
Gross Profit 117.3 17.8 (2.1) 0
Operating Income 77.0 (74.9) (10.0) (1.1)
Net Income (81.7) (144.6) (13.3) 10.8
EPS (Diluted) -1.14 -4.83 -0.75 0.33
Balance Sheet
Cash & Equivalents 171.9 32.4 0.0 1.0
Total Assets 1,407.6 1,305.9 270.2 266.6
Total Debt 413.8 411.4 0.8 0
Stockholders' Equity 567.0 268.0 244.5 248.3
Cash Flow
Operating Cash Flow 116.7 (11.7) (2.9) (1.0)
Capital Expenditure (60.4) (25.2) 0 0.0
Free Cash Flow 56.3 (36.9) (2.9) (1.0)