MGX Resources Limited (MTGRY) Fair Value & Analysis
Basic Materials · US · Market cap $333M
MGX Resources Limited
MTGRY · US
Fair value as of: Jul 18, 2026
From 12 valuation models · updated 7 days ago
Fair value updated Jul 18, 2026, revised from $5.26 to $5.34 (+1.5%) since Jun 24, 2026.
Price vs Fair Value (12 months)
12‑month range $2.15 – $3.23 · fair‑value band $3.16 – $8.38 · the $2.83 price screens below the $5.34 fair value. As of Jul 18, 2026.
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MGX Resources Limited (MTGRY) currently trades at $2.83, while our model-based Fair Value estimate is $5.34, implying the stock looks roughly 89.0% undervalued today. We read business quality at 45/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Over the trailing twelve months, MGX Resources Limited generated revenue of $317M at a net margin of -9.9%. Revenue declined 8.2% year over year. It earns a return on equity of -7.0%. The balance sheet holds a net cash position of $43.8M. Fundamentals as of Jul 18, 2026
Our scenario range runs from $3.16 (bear case) to $8.38 (bull case); at $2.83, the current price sits below that range. The share trades about 13% below its 52-week high and 35% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -61% fair-value upside, at 89%, MTGRY screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 18, 2026. TTM = trailing twelve months.
About the company
MGX Resources Limited, together with its subsidiaries, engages in the mining, processing, shipment, export, and sale of hematite iron ore in Australia and China. Its flagship project is the Koolan Island mine site located in the Kimberley region of Western Australia. The company is also involved in the treasury management, mineral resources acquisition, and investment activities. The company was formerly known as Mount Gibson Iron Limited and changed its name to MGX Resources Limited in November 2025. The company was incorporated in 1996 and is based in West Perth, Australia.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
MGX Resources Limited reported revenue of $331M in FY2025 versus $330M in FY2021, a compound +0.1%/yr. Reported net income was −$82.2M in FY2025.
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|---|---|---|---|
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| POSCO Holdings 005490 | 363,000 KRW | 143,097 KRW | -61% |
| Companhia Siderúrgica Nacional, SID | 13,670 ARS | 3,789 ARS | -72% |
| Jindal Steel Limited JINDALSTEL | ₹1,181 | ₹440.77 | -63% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.