MAC Copper Limited

1.1: Company Overview: MAC Copper Limited (ASX: MAC) is a company dedicated to managing and acquiring metals and mining operations in high-quality, stable regions that play a key role in the electrification and decarbonization of the global economy.  Kalkine’s Global Fully Charged Report covers the Investment Highlights, Key Financial Metrics, Risks, and Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.

1.2 The Key Positives, Negatives, Investment Highlights, and Risks

1.3 Top 10 Shareholders:

The top 10 shareholders together form ~28.47% of the total shareholding. BlackRock Investment Management (UK) Ltd., and United Super Pty. Ltd. are holding maximum stakes of 15.68% and 4.47%, respectively. 

1.4 Key Metrics: MAC’s asset turnover ratio increased to 0.25x in FY24 compared to 0.20x in FY23. Below is captured other metrics:

2.1 Recent Business Updates:

2.2 FY24 Results Highlights (for the 12 months ended 31 December 2024): Below mentioned are some key financial highlights:   

2.3 Financial Trend

4.1 Price Performance and Technical Summary

The stock has down by ~7.02% in the last three months, and over the past one year, stock has decreased by ~18.16%. The stock has a 52-week low and 52-week high of AUD 14.600 and AUD 22.730, respectively, and is currently trading below the 52-week high-low average.

4.2 Fundamental Valuation

Valuation Methodology: EV/Sales Multiple Based Relative Valuation (Illustrative)

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is neither an indicator nor a guarantee of future performance. 

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 18 March 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above. 

Note 4: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice. 

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.