MTAL - Metals Acquisition Corp. II
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$15.50
DETAILS
HIGH:
$16.00
LOW:
$15.00
MEDIAN:
$15.50
CONSENSUS:
$15.50
UPSIDE:
53.76%
| Metric | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||
| Revenue | 81.6 | 81.6 | 79.3 | 79.3 | 91.1 | 91.1 | 70.2 | 70.2 | 18.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 50.8 | 50.8 | 52.6 | 52.6 | 59.1 | 59.1 | 60.4 | 60.4 | 20.3 | 1.2 | 2.1 | 1.8 | 1.7 | 1.4 | 0 | 0 | 0 | 0 |
| Gross Profit | 30.8 | 30.8 | 26.7 | 26.7 | 32.0 | 32.0 | 9.8 | 9.8 | (1.7) | (1.2) | (2.1) | (1.8) | (1.7) | (1.4) | 0 | (0.1) | (0.0) | 0 |
| Operating Expenses | ||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 14.2 | 14.2 | 11.4 | 11.4 | 7.8 | 7.8 | 13.5 | 13.5 | 2.5 | 1.2 | 2.4 | 1.8 | 1.7 | 1.4 | 1.0 | 0.1 | (0.0) | 0.0 |
| Other Expenses | 1.7 | 1.7 | (0.2) | (0.2) | 1.1 | 1.1 | 24.0 | 24.0 | 33.5 | 1.2 | 2.9 | 1.8 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 15.9 | 15.9 | 11.2 | 11.2 | 9.0 | 9.0 | 37.5 | 37.5 | 13.2 | 4.6 | 5.2 | 1.8 | 1.7 | 1.4 | 1.0 | 0.1 | (0.0) | 0.0 |
| Operating Income | ||||||||||||||||||
| Operating Income | 15.0 | 15.0 | 15.5 | 15.5 | 23.0 | 23.0 | (27.7) | (27.7) | (14.9) | (4.6) | (5.2) | (1.8) | (1.7) | (1.4) | (1.0) | (0.1) | 0.0 | (0.0) |
| Interest Expense | 16.0 | 16.0 | 14.8 | 14.8 | 13.1 | 13.1 | 0 | 0 | 10.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0.0 | 0.0 | 0.0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | (14.8) | 14.7 | 2.6 | 2.8 | 2.2 | 1.2 | 0.3 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| Profitability | ||||||||||||||||||
| EBITDA | 35.1 | 35.1 | 31.7 | 31.7 | 43.2 | 43.2 | 15.6 | 15.6 | (18.4) | (5.2) | 2.4 | 0 | (1.7) | (4.5) | 0.6 | 0 | 0.0 | 0 |
| EBIT | 16.1 | 16.1 | 13.9 | 13.9 | 24.1 | 24.1 | (5.1) | (5.1) | (21.8) | (5.2) | 2.4 | (1.8) | (1.7) | (5.8) | (1.0) | (0.1) | 0.0 | 0 |
| Income Before Tax | (39.6) | (39.6) | 8.1 | 8.1 | (47.6) | (47.6) | (62.9) | (62.9) | (28.5) | (5.2) | (4.8) | 2.0 | 3.9 | (5.8) | 0.6 | 10.2 | (0.0) | (0.0) |
| Income Tax Expense | 1.3 | 1.3 | (2.2) | (2.2) | 3.5 | 3.5 | (6.8) | (6.8) | (1.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | (38.3) | (38.3) | 10.2 | 10.2 | (51.1) | (51.1) | (56.1) | (56.1) | (27.0) | (5.2) | (4.8) | 2.0 | 3.9 | (5.8) | 0.6 | 10.2 | (0.0) | (0.0) |
| Per Share Data | ||||||||||||||||||
| EPS (Basic) | -0.46 | -0.46 | 0.13 | 0.13 | -0.78 | -0.78 | -1.13 | -1.13 | -0.54 | -0.18 | -0.65 | 0.06 | 0.45 | -0.18 | 0.02 | 0.31 | – | -0.00 |
| EPS (Diluted) | -0.46 | -0.46 | 0.13 | 0.13 | -0.78 | -0.78 | -1.13 | -1.13 | -0.54 | -0.18 | -0.65 | 0.06 | 0.12 | -0.18 | 0.10 | 0.31 | – | -0.00 |
| Shares Outstanding | 82.5 | 82.5 | 77.6 | 77.6 | 65.5 | 65.5 | 49.5 | 49.5 | 50.2 | 33.1 | 33.1 | 33.1 | 33.1 | 33.1 | 33.1 | 33.1 | 33.7 | 33.7 |
| Metric | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||
| Cash & Cash Equivalents | 102.1 | 102.1 | 171.9 | 171.9 | 88.7 | 88.7 | 32.4 | 32.4 | 43.7 | 0.0 | 0.0 | 0.2 | 0.7 | 0.4 | 1.0 | 1.3 | 0 | 0.1 |
| Short-Term Investments | 5.5 | 5.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 14.9 | 14.9 | 6.4 | 6.4 | 8.5 | 8.5 | 33.2 | 31.5 | 20.9 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 34.5 | 34.5 | 28.0 | 28.0 | 22.7 | 22.7 | 21.5 | 21.5 | 22.3 | 1.5 | 0.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0.9 | 0.9 | 0 | 0 | 1.8 | 3.6 | 2.1 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.3 | 0 | 0 | 0 |
| Total Current Assets | 157.4 | 157.4 | 207.9 | 207.9 | 120.9 | 120.9 | 88.9 | 88.9 | 89.0 | 1.9 | 1.3 | 1.0 | 1.4 | 0.8 | 1.3 | 1.6 | 0 | 0.1 |
| Non-Current Assets | ||||||||||||||||||
| Property, Plant & Equipment | 1,192.2 | 1,192.2 | 1,195.4 | 1,195.4 | 1,206.0 | 1,206.0 | 1,212.8 | 1,212.8 | 1,252.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 4.0 | 4.0 | 1.4 | 1.4 | 3.8 | 0 | 8.5 | 271.8 | 268.9 | 266.7 | 265.5 | 265.2 | 265.2 | 265.2 | 0 | 0 |
| Other Non-Current Assets | 0.2 | 0.2 | 0.2 | 0.2 | 0.4 | 0.4 | 0.4 | 4.1 | 0.4 | 0 | 0 | 0 | 0 | 0.1 | 0.2 | 0.3 | 0.6 | 0.2 |
| Total Non-Current Assets | 1,192.4 | 1,192.4 | 1,199.6 | 1,199.6 | 1,207.8 | 1,207.8 | 1,217.0 | 1,217.0 | 1,261.8 | 271.8 | 268.9 | 266.7 | 265.5 | 265.3 | 265.3 | 265.4 | 0.6 | 0.2 |
| Total Assets | 1,349.8 | 1,349.8 | 1,407.6 | 1,407.6 | 1,328.6 | 1,328.6 | 1,305.9 | 1,305.9 | 1,350.7 | 273.6 | 270.2 | 267.7 | 267.0 | 266.1 | 266.6 | 267.1 | 0.6 | 0.3 |
| Current Liabilities | ||||||||||||||||||
| Account Payables | 79.7 | 79.7 | 13.9 | 13.9 | 34.4 | 34.4 | 29.4 | 14.4 | 29.3 | 2.1 | 0.9 | 0.7 | 0.6 | 1.4 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 20.9 | 42.3 | 58.3 | 58.3 | 17.6 | 51.6 | 83.9 | 83.9 | 47.7 | 1.5 | 0.8 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 151.5 | 129.9 | 58.8 | 58.8 | 82.4 | 39.4 | 172.9 | 192.6 | 149.1 | 19.5 | 16.5 | 0 | 0 | 0 | 0.6 | 0 | 0 | 0.1 |
| Total Current Liabilities | 270.4 | 270.4 | 186.1 | 186.1 | 143.3 | 143.3 | 290.9 | 290.9 | 226.1 | 23.1 | 18.2 | 0.7 | 0.6 | 1.4 | 0.6 | 0.0 | 0.6 | 0.3 |
| Non-Current Liabilities | ||||||||||||||||||
| Long-Term Debt | 325.3 | 325.3 | 344.9 | 344.9 | 362.2 | 362.2 | 390.3 | 390.3 | 383.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 112.0 | 0 | 0 | 0 | 127.6 | 0 | 0 | 0 | 141.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 160.8 | 272.8 | 303.7 | 303.7 | 250.7 | 378.1 | 356.7 | 356.7 | 227.5 | 11.0 | 7.4 | 17.8 | 19.2 | 22.2 | 17.7 | 19.3 | 0 | 0 |
| Total Non-Current Liabilities | 599.7 | 599.7 | 654.5 | 654.5 | 748.6 | 748.6 | 747.0 | 747.0 | 763.4 | 11.0 | 7.4 | 17.8 | 19.2 | 22.2 | 17.7 | 19.3 | 0 | 0 |
| Total Liabilities | 870.0 | 870.0 | 840.6 | 840.6 | 891.9 | 891.9 | 1,037.9 | 1,037.9 | 989.5 | 34.1 | 25.7 | 18.6 | 19.9 | 23.6 | 18.3 | 19.3 | 0.6 | 0.3 |
| Stockholders' Equity | ||||||||||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 413.2 | 271.8 | 268.9 | 266.7 | 265.5 | 265.2 | 265.1 | 265.1 | 0.0 | 0.0 |
| Retained Earnings | (323.9) | (323.9) | (235.7) | (235.7) | (267.7) | (267.7) | (165.5) | (165.5) | (53.2) | (32.2) | (24.4) | (17.6) | (18.8) | (22.7) | (16.8) | (17.4) | (0.0) | (0.0) |
| Accumulated Other Comprehensive Income | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 0 | 0 | 0.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 479.8 | 479.8 | 567.0 | 567.0 | 436.8 | 436.8 | 268.0 | 268.0 | 361.2 | 239.6 | 244.5 | 249.1 | 247.1 | 242.5 | 248.3 | 247.7 | 0.0 | 0.0 |
| Total Liabilities & Equity | 1,349.8 | 1,349.8 | 1,407.6 | 1,407.6 | 1,328.6 | 1,328.6 | 1,305.9 | 1,305.9 | 1,350.7 | 273.6 | 270.2 | 267.7 | 267.0 | 266.1 | 266.6 | 267.1 | 0.6 | 0.3 |
| Debt Metrics | ||||||||||||||||||
| Total Debt | 353.7 | 375.2 | 413.8 | 413.8 | 392.4 | 426.8 | 474.2 | 474.2 | 442.2 | 1.5 | 0.8 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0.1 |
| Net Debt | 251.6 | 273.1 | 241.9 | 241.9 | 303.6 | 338.1 | 441.8 | 441.8 | 398.4 | 1.4 | 0.7 | (0.2) | (0.7) | (0.4) | (1.0) | (1.3) | 0.2 | 0 |
| Metric | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||
| Net Income | (38.3) | (38.3) | 16.0 | 16.0 | (51.1) | (51.1) | (56.1) | (56.1) | (27.0) | (5.2) | (4.8) | 2.0 | 3.9 | (5.8) | 0.6 | 10.2 | (0.0) | (0.0) |
| Depreciation & Amortization | 18.9 | 18.9 | 20.0 | 20.0 | 19.2 | 19.2 | 21.8 | 21.8 | 3.2 | 0 | 0 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 0 | 2.8 | 2.8 | 0 | 0 | 1.7 | 1.7 | 0 | 0 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 4.4 | 4.4 | 2.7 | 2.7 | 2.3 | 2.3 | 4.2 | 4.2 | 7.8 | 3.6 | 4.0 | 1.3 | 0.8 | 0.8 | 0.7 | 2.2 | (0.6) | 0 |
| Other Non-Cash Items | 47.8 | 47.8 | (13.7) | (13.7) | 60.2 | 60.2 | 24.7 | 24.7 | 38.6 | 0.6 | (0.4) | (3.8) | (5.6) | 4.5 | (1.6) | (13.2) | 0.6 | 0.0 |
| Operating Cash Flow | 32.7 | 32.7 | 27.8 | 27.8 | 30.6 | 30.6 | (3.9) | (3.9) | (3.0) | (1.0) | (1.0) | (0.4) | (0.9) | (0.6) | (0.3) | (0.7) | (0.6) | 0 |
| Investing Activities | ||||||||||||||||||
| Capital Expenditure | (18.2) | (18.2) | (16.5) | (16.5) | (13.7) | (13.7) | (11.4) | (11.4) | (2.3) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Acquisitions | (1.2) | (1.2) | 1.5 | 1.5 | (41.5) | (41.5) | 0 | 0 | (754.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (265.1) | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0.5 | 0.5 | 0 | 0 | (9.5) | (12.5) | 0 | 0 | 16.6 | 0 | 0 | 0 | 0 | 0 | (265.1) | (265.1) | 0 | 0 |
| Investing Cash Flow | (18.9) | (18.9) | (15.0) | (15.0) | (64.6) | (67.7) | (11.4) | (11.4) | (756.2) | 0 | 0 | 0 | 0 | 0 | (265.1) | (265.1) | 0 | 0 |
| Financing Activities | ||||||||||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 490.2 | 1.0 | 0.8 | 0 | 1.2 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (49.0) | (49.0) | 32.0 | 32.0 | 65.4 | 65.4 | 9.4 | 9.4 | 313.2 | 0 | 0 | 1.2 | 0 | 0 | (0.0) | 267.2 | 0 | 0 |
| Financing Cash Flow | (49.0) | (49.0) | 32.0 | 32.0 | 65.4 | 65.4 | 9.4 | 9.4 | 803.3 | 1.0 | 0.8 | 1.2 | 1.2 | 0 | (0.0) | 267.2 | 0 | 0 |
| Cash Position | ||||||||||||||||||
| Net Change in Cash | 0 | 0 | 0 | (88.7) | 88.7 | 0 | (5.7) | (5.7) | 43.7 | (0.0) | (0.2) | (0.4) | 0.3 | (0.6) | (0.3) | 266.4 | (0.6) | 0 |
| Cash at Beginning | 0 | 0 | 0 | 0 | 0 | 0 | 38.1 | 43.7 | 0.0 | 0.0 | 0.2 | 0.7 | 0.4 | 1.0 | 1.3 | (265.1) | 0 | 0 |
| Cash at End | 0 | 0 | 0 | 0 | 88.7 | 0 | (5.7) | 38.1 | 43.7 | 0.0 | 0.0 | 0.2 | 0.7 | 0.4 | 1.0 | 1.3 | (0.6) | 0 |
| Free Cash Flow | 14.6 | 14.6 | 11.3 | 11.3 | 16.9 | 16.9 | (15.3) | (15.3) | (5.3) | (1.0) | (1.0) | (0.4) | (0.9) | (0.6) | (0.3) | (0.7) | (0.6) | 0 |
| Key Metrics | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||
| Revenue | 81.6 | 81.6 | 79.3 | 79.3 | 91.1 | 91.1 | 70.2 | 70.2 | 18.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 30.8 | 30.8 | 26.7 | 26.7 | 32.0 | 32.0 | 9.8 | 9.8 | (1.7) | (1.2) | (2.1) | (1.8) | (1.7) | (1.4) | 0 | (0.1) | (0.0) | 0 |
| Operating Income | 15.0 | 15.0 | 15.5 | 15.5 | 23.0 | 23.0 | (27.7) | (27.7) | (14.9) | (4.6) | (5.2) | (1.8) | (1.7) | (1.4) | (1.0) | (0.1) | 0.0 | (0.0) |
| Net Income | (38.3) | (38.3) | 10.2 | 10.2 | (51.1) | (51.1) | (56.1) | (56.1) | (27.0) | (5.2) | (4.8) | 2.0 | 3.9 | (5.8) | 0.6 | 10.2 | (0.0) | (0.0) |
| EPS (Diluted) | -0.46 | -0.46 | 0.13 | 0.13 | -0.78 | -0.78 | -1.13 | -1.13 | -0.54 | -0.18 | -0.65 | 0.06 | 0.12 | -0.18 | 0.10 | 0.31 | – | -0.00 |
| Balance Sheet | ||||||||||||||||||
| Cash & Equivalents | 102.1 | 102.1 | 171.9 | 171.9 | 88.7 | 88.7 | 32.4 | 32.4 | 43.7 | 0.0 | 0.0 | 0.2 | 0.7 | 0.4 | 1.0 | 1.3 | 0 | 0.1 |
| Total Assets | 1,349.8 | 1,349.8 | 1,407.6 | 1,407.6 | 1,328.6 | 1,328.6 | 1,305.9 | 1,305.9 | 1,350.7 | 273.6 | 270.2 | 267.7 | 267.0 | 266.1 | 266.6 | 267.1 | 0.6 | 0.3 |
| Total Debt | 353.7 | 375.2 | 413.8 | 413.8 | 392.4 | 426.8 | 474.2 | 474.2 | 442.2 | 1.5 | 0.8 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0.1 |
| Stockholders' Equity | 479.8 | 479.8 | 567.0 | 567.0 | 436.8 | 436.8 | 268.0 | 268.0 | 361.2 | 239.6 | 244.5 | 249.1 | 247.1 | 242.5 | 248.3 | 247.7 | 0.0 | 0.0 |
| Cash Flow | ||||||||||||||||||
| Operating Cash Flow | 32.7 | 32.7 | 27.8 | 27.8 | 30.6 | 30.6 | (3.9) | (3.9) | (3.0) | (1.0) | (1.0) | (0.4) | (0.9) | (0.6) | (0.3) | (0.7) | (0.6) | 0 |
| Capital Expenditure | (18.2) | (18.2) | (16.5) | (16.5) | (13.7) | (13.7) | (11.4) | (11.4) | (2.3) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 14.6 | 14.6 | 11.3 | 11.3 | 16.9 | 16.9 | (15.3) | (15.3) | (5.3) | (1.0) | (1.0) | (0.4) | (0.9) | (0.6) | (0.3) | (0.7) | (0.6) | 0 |