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MRF.JO$132.00+3.13%
Fair $132.00+0.0%

MRF.JO

Merafe Resources Limited

Basic Materials / Other Industrial Metals & MiningJohannesburg

$132.00

+4.00 (+3.13%)

Fairly Valued+0.0%Fair Value $132.00Fund rank 35/100 · Data gapFallback financials|
SA 50/C
F-Score: 5/9
Declining RevenueMargin CompressionLow Profitability

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 25% · confianza 25%

FCF escenarios

weak_data · normalized FCF $1.1B · quality 73.7/100

Data gap 35/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 65/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

50/100

C

Piotroski

5/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 3unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific commodity mid-cycle model required: targets are disabled until normalized cycle price/cost-curve/reserve data exists. Revenue has declined for 2 consecutive years Operating margin has declined for 3 consecutive years ROE is 3.0%, below the 5% threshold
Thesis & Journal · MRF.JOLocal privado en este navegador · Merafe Resources Limited
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$3.3B

P/E

22.0x

↑

EV/EBITDA

840.2x

↑

ROE

3.0%

↑

Gross Margin

96.5%

↑

Debt/Equity

0.00

↓
52-Week Range$132
$94$137

TradingView lightweight chart

MRF.JO price, volumen y niveles de valoración

Último $132.00Periodo +325.8%
Fair value: $132.00

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

-9.9%

FCF CAGR

-48.8%

FCF margin

2.8%

FCF / Net income

1.15x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $5.80B · net income $142.6M · FCF $163.3M

2022-FY → 2025-FY

Gross margin

96.5%-0.7% pts

Operating margin

8.6%-14.8% pts

Net margin

2.5%-15.3% pts

FCF margin

2.8%-12.5% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$5.80B$5.80B$8.44B$9.24B$7.94B
Net Income$142.6M$142.6M$667.2M$1.75B$1.41B
EBITDA$391.3M$391.3M$1.24B$2.60B$2.17B
EPS0.060.060.270.700.56
Gross Margin96.5%96.5%95.8%97.3%97.2%
Operating Margin8.6%8.6%15.6%21.1%23.3%
Net Margin2.5%2.5%7.9%19.0%17.8%
Balance Sheet
Debt/Equity0.000.000.000.000.03
Current Ratio4.904.90———
Cash Flow
Free Cash Flow$163.3M$163.3M$1.08B$1.21B$1.21B
Returns
ROE3.0%3.0%13.7%33.3%32.6%
Valuation
P/E22.0022.00539.33192.58226.95
EV/EBITDA840.15840.15288.86128.99146.95
P/B69.9169.9173.8064.1673.87
Growth & Yield
Revenue Growth-31.3%-31.3%-8.7%16.5%—
EPS Growth-78.7%-78.7%-61.9%24.3%—
Dividend Yield12.5%12.5%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

490.1%

muy exigente

EPS terminal req.

$11.71

Spread vs growth

-568.8%

5Y implied EPS CAGR

201.4%

muy exigente

EPS terminal req.

$14.17

Spread vs growth

-280.0%

10Y implied EPS CAGR

82.1%

muy exigente

EPS terminal req.

$22.82

Spread vs growth

-160.7%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +25.3%

Total return

+25.3%

Start / end P/E

438.2x → 2315.8x

EPS bridge

0.27 → 0.06

Residual

-337.0%

EPS growth-78.7%
Multiple rerating+428.5%
Dividend+12.5%
Residual / FX / buybacks / cross-term-337.0%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.