How to buy Magontec (MGL) shares
Learn how to easily invest in Magontec shares.
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Magontec is an other industrial metals & mining business based in Australia. Magontec shares (MGL) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Magontec has a trailing 12-month revenue of around $115.2 million. If you're looking to buy shares, check out the steps below.
How to buy shares in Magontec
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the ASX. Our table can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for Magontec . Find the share by name or ticker symbol: MGL. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Magontec reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check on your investment. Congratulations, you own a part of Magontec . Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.
What's in this guide?
Magontec stock price (ASX:MGL)Use our graph to track the performance of MGL stocks over time.
Magontec shares at a glance
|52-week range||$0.22 - $0.65|
|50-day moving average||$0.3702|
|200-day moving average||$0.3831|
|Dividend yield||$0 (0%)|
|Earnings per share (TTM)||$0.063|
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We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Is it a good time to buy Magontec stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Magontec price performance over time
|1 week (2022-05-10)||-1.35%|
|1 month (2022-04-14)||-1.35%|
|3 months (2022-02-17)||-7.59%|
|6 months (2021-11-17)||-23.16%|
|1 year (2021-05-17)||21.67%|
|2 years (2020-05-15)||-89.19%|
|3 years (2019-05-17)||-94.21%|
|5 years (2017-05-17)||-95.62%|
Is Magontec under- or over-valued?
Valuing Magontec stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Magontec 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Magontec 's P/E ratio
Magontec 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 6x. In other words, Magontec shares trade at around 6x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Magontec 's EBITDA
Magontec 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $7.8 million (£0.0 million).
The EBITDA is a measure of a Magontec 's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$115.2 million|
|Operating margin TTM||4.61%|
|Gross profit TTM||$19.2 million|
|Return on assets TTM||4.21%|
|Return on equity TTM||15.37%|
|Market capitalisation||$28.4 million|
TTM: trailing 12 months
Magontec share dividends
We're not expecting Magontec to pay a dividend over the next 12 months.
Have Magontec 's shares ever split?
Magontec 's shares were split on a 1:15 basis on 16 August 2021. So if you had owned 15 shares the day before the split, the next day you would own 1 share. This wouldn't directly have changed the overall worth of your Magontec shares – just the quantity. However, indirectly, the new 1400% higher share price could have impacted the market appetite for Magontec shares which in turn could have impacted Magontec 's share price.
Magontec share price volatility
Over the last 12 months, Magontec 's shares have ranged in value from as little as $0.22 up to $0.65. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Magontec 's is 1.2362. This would suggest that Magontec 's shares are a little bit more volatile than the average for this exchange and represent, relatively speaking, a slightly higher risk (but potentially also market-beating returns).
Magontec Limited, together with its subsidiaries, engages in the research, development, manufacture, and sale of generic and specialist alloys in Asia, the Americas, Europe, and internationally. The company manufactures and distributes magnesium and titanium cathodic corrosion protection (CCP) products, such as HyTonic anodes, Correx impressed current systems, CorroScout measuring systems, and S-Patron intelligent measuring and control systems for use in water storage vessels. It also recycles magnesium alloys. The company was formerly known as Advanced Magnesium Limited and changed its name to Magontec Limited in November 2011. Magontec Limited was founded in 1953 and is headquartered in Potts Point, Australia.
Magontec in the news
Frequently asked questions
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