Mongolian Mining Corporation (MOGLF)
NEUTRALファンダメンタル
38
株価
$10.27
時価総額
$10.63B
パート1 · 企業の価値
概要
Mongolian Mining Corporation mines and washes coking coal, the type of coal used to make steel rather than to generate electricity, from open-pit mines in Mongolia's South Gobi region. Raw coal is processed at its own washing plants to raise its quality before being trucked and railed across the border to buyers in China, by far the largest steelmaking market in the world. It has recently added a small gold and metals business alongside its core coal operations.
収益の仕組み
Revenue comes from selling washed coking coal by the tonne at prices that track international and Chinese steel-industry benchmarks, so it moves with steel production cycles rather than with anything the company controls. Different coal grades — hard coking coal, semi-soft and mid-ash semi-hard — sell at different prices per tonne, so the product mix shipped in a given period affects average realized price as much as tonnage does.
セグメント別売上高
Washed hard coking, semi-soft and mid-ash semi-hard coal sold mainly to Chinese steelmakers — the core, long-standing business.
A newly reported business line generating revenue for the first time in fiscal 2025, alongside the established coal operations.
需要を左右する要因
景気循環型Demand for coking coal follows Chinese steel production, which itself follows construction and industrial activity in China's economy. A slowdown in Chinese steel output or a shift toward other coking-coal suppliers reduces both the volume MMC can sell and the price it can charge for it, at the same time.
強気材料
Buyers argue that proximity to the Chinese border gives Mongolian coal a transport-cost advantage over seaborne suppliers, that washing plants let the company sell higher-value processed coal rather than raw ore, and that the new gold and metals business diversifies revenue beyond a single commodity cycle.
弱気材料
Sellers fear that revenue depends almost entirely on Chinese steel demand and coking coal prices, both outside the company's control, and that 2025's sharp drop in profit — despite similar volumes to prior periods — shows how quickly a fall in average selling price can erode earnings.
Written by the editors, published on 2026年8月18日
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貸借対照表と流動性
売上高
$792M
直近の公表四半期までの12か月 — 1株当たり指標からの推計
純利益
$5M
直近の公表四半期までの12か月 — 1株当たり指標からの推計
フリーキャッシュフロー
$-6M
自己資本合計
$10.18B
負債合計
$395M
流動比率
1.49
利払い倍率
-
負債/EBITDA
1.19
一株当たり利益（EPS）
売上高と純利益
フリーキャッシュフロー
収益内訳
財務推移表
利益率の推移
負債の推移
負債の重さ
成長率グリッド
成長率 — 売上高
適正価値の推定
適正価値
$11.75
現在株価
$10.27
安全マージン
+12.6%
適正価値レンジ
$7.64 - $15.86
推定方法
バリュエーション指標
P/E レシオ
1962.26
ROE
9.7%
P/B レシオ
8.73
P/FCF
-
粗利益率
17.5%
ROIC
2.0%
収益性レーダー
Value Creation (Economic Moat)
ROIC
2.0%
WACC
10.5%
ROIC − WACC
-8.5 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
ファンダメンタル分析基準
合格（7）
- Price CAGR 13.73%
- Debt/Equity ratio
- Operating Margin 6.5%
- Current Ratio
- Debt/EBITDA
- Revenue Growth 5Y 14.6%
- Earnings Quality (OCF/NI) 1.33
不合格（10）
- ROIC 2.0%
- Gross Margin 17.5%
- P/B Ratio 8.73
- Positive Free Cash Flow
- Price below Graham Number
- DCF valuation (Unknown)
- ROE 0.5%
- Analyst Consensus 0% Buy
- Earnings Surprise avg -71.0%
- Piotroski F-Score 2/9
データなし（10）
- EPS data insufficient
- P/FCF NaN
- Dividend Payout NaN%
- CapEx intensity
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- PEG Ratio (need PE > 0 and growth > 0)
- Share Dilution (missing shares data)
- Net Margin Trend (invalid data)
Piotroski F-スコア
重大な財務上の懸念
利益の質
高品質：利益はキャッシュに裏付けられている
株式希薄化
株式を買い戻している。株主に友好的
ガバナンス
経営陣
| 氏名 | 役職 | 年齢 |
|---|---|---|
| Mr. Odjargal Jambaljamts | Executive Chairman of the Board | 60 |
| Dr. Battsengel Gotov | Group CEO & Executive Director | 53 |
| Ms. Ulemj Baskhuu | Executive Vice President & Group CFO | 47 |
| Mr. Tuvshinbayar Tagarvaa | VP & COO | 51 |
| Mr. Lkhagva-Ochir Said | VP & CTO | - |
| Ms. Uurtsaikh Dorjgotov | Executive VP & Group Chief Legal Counsel | 61 |
| Mr. Oyunbat Lkhagvatsend | President and Chief Executive Gold & Metals | 49 |
| Ms. Bayarmaa Bazar | VP & Chief Audit Executive | - |
| Mr. Enkhbat Dorjpalam | CEO & President of Coal & Energy | 43 |
| Ms. Mei Yi Lee ACIS, ACS, FCIS, FCS | Company Secretary | 57 |
パート2 · 株価と買い時
この部分は企業に価値があるかを判断するものではありません。ファンダメンタルズに納得したうえで、いつ買うかを選ぶためのものです。内容：テクニカル分析、ポテンシャル、過去のドローダウン、ガンマエクスポージャー。
Latest News
Recent headlines for MOGLF, sourced from Markets Gazette.