Manhattan Resources Limited (L02) AI Stock Analysis

• Market Cap: S$118.30M
• Dividend Yield: N/A
• Average Volume (3M): 7.73M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.82
• Revenue Growth: 1.27%
• EPS Growth: -9.62%
• Country: SG
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Renewable Utilities
• EPS (TTM): >-0.01
• Shares Outstanding: 3,033,325,400
• 10 Day Avg. Volume: 14,924,379
• 30 Day Avg. Volume: 7,727,303
• PEG Ratio: -0.17
• Price to Book (P/B): 0.85
• Price to Sales (P/S): 13.93
• P/FCF Ratio: -0.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 53 Neutral
• Price Target: S$0.00 ▼(-100.00% Downside)

The overall stock score is primarily influenced by the company's financial challenges, which significantly impact its performance. While technical indicators show some positive momentum, the negative valuation metrics and lack of profitability weigh heavily on the score.

Manhattan Resources Limited Business Overview & Revenue Model

Company Description

Manhattan Resources Limited (L02) is a diversified company primarily engaged in the exploration and production of oil and gas resources, with significant operations in Southeast Asia. The company also has interests in other sectors, including mineral resources and energy services, offering a range of products and services that support the extraction and management of natural resources. Through its strategic focus on sustainable practices, Manhattan Resources aims to enhance its portfolio while delivering value to stakeholders.

How the Company Makes Money

Manhattan Resources Limited generates revenue primarily through the sale of crude oil and natural gas extracted from its exploration and production activities. The company operates in regions where it holds exploration and production licenses, allowing it to tap into hydrocarbon reserves. Key revenue streams include the direct sale of oil and gas to wholesalers and industrial customers, as well as potential revenue from partnerships with other energy companies for joint ventures and exploration projects. Additionally, Manhattan Resources may benefit from price fluctuations in global oil and gas markets, which can significantly impact its earnings. The company’s strategic partnerships and collaborations with other entities in the energy sector further enhance its operational capabilities and revenue potential.

Manhattan Resources Limited Financial Statement Overview

Summary

The company faces significant financial challenges, including negative profitability, high leverage, and cash flow difficulties. The income statement, balance sheet, and cash flow statement all indicate areas of concern, with negative net profit margins, high debt-to-equity ratio, and negative free cash flow.

Income Statement

The income statement shows significant challenges with profitability and growth. The TTM data indicates a negative net profit margin of -304.01%, and a declining revenue growth rate of -155.2%. The gross profit margin is relatively healthy at 51.4%, but the EBIT and EBITDA margins are negative, indicating operational inefficiencies. The company has experienced fluctuating revenue growth rates over the years, with recent declines suggesting potential market or operational challenges.

Balance Sheet

The balance sheet reflects a high debt-to-equity ratio of 1.47 in the TTM period, indicating significant leverage. The return on equity is negative at -23.67%, highlighting profitability issues. However, the equity ratio is reasonable, suggesting a stable asset base. The increasing debt levels over time pose a risk to financial stability, although the company has maintained a relatively stable equity position.

Cash Flow

The cash flow statement reveals substantial challenges, with negative free cash flow and a declining free cash flow growth rate. The operating cash flow to net income ratio is 0.54, indicating some cash generation from operations, but the free cash flow to net income ratio is highly negative at -11.08, reflecting cash flow difficulties. The company needs to address its cash flow management to improve financial health.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.68M	4.79M	3.68M	12.61M	9.24M	9.18M
Gross Profit	2.92M	4.56M	3.46M	7.28M	4.49M	-690.00K
EBITDA	-8.12M	-5.71M	-3.16M	12.68M	-741.00K	-3.02M
Net Income	-17.27M	-13.26M	-10.31M	4.51M	-1.70M	8.07M
Balance Sheet
Total Assets	229.43M	216.24M	135.55M	143.51M	136.77M	191.86M
Cash, Cash Equivalents and Short-Term Investments	16.32M	16.62M	36.47M	19.89M	20.55M	24.36M
Total Debt	99.53M	69.36M	16.57M	18.00M	451.00K	1.48M
Total Liabilities	161.87M	137.93M	43.55M	49.73M	40.84M	43.61M
Stockholders Equity	67.57M	78.32M	92.01M	91.22M	94.49M	94.34M
Cash Flow
Free Cash Flow	-104.85M	-111.17M	-47.18M	-34.84M	-6.72M	-8.62M
Operating Cash Flow	9.46M	-3.90M	-8.94M	3.17M	-5.15M	-8.12M
Investing Cash Flow	-114.32M	-107.28M	26.96M	-24.39M	1.70M	-4.01M
Financing Cash Flow	83.00M	91.35M	-1.09M	17.50M	-1.07M	8.60M

Manhattan Resources Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:L02, the sentiment is Positive. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.03, and above the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 68.53 is Neutral, neither overbought nor oversold. The STOCH value of 69.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:L02.

Manhattan Resources Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	―	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
A04	―	S$216.10M	14.19	―	―	―	―
L02	―	S$118.30M	―	―	―	1.27%	-9.62%

Manhattan Resources Limited Corporate Events

Metis Energy Expands Loan Agreement to Boost Renewable Projects

Metis Energy Limited has amended its Onward Tranche 2 Loan Agreement with Onward Capital Pte. Ltd., adding an additional loan facility of up to US$5 million. This amendment aims to bolster the company’s financial resources for renewable energy projects, with a repayment deadline set for December 31, 2026, at an interest rate pegged to the SOFR rate plus 2%.