Mongolian Mining Corporation (MOGLF)
OvervaluedFundamental
41
Price
$8.70
Market Cap
$8.98B
Part 1 · What the company is worth
Overview
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.
How it makes money
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.
Revenue by segment
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.
What drives demand
CyclicalDemand 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.
The case for
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.
The case against
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 August 18, 2026
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$1.04B
Trailing 12 months to the last reported quarter — estimated from per-share metrics
Net Income
$116M
Trailing 12 months to the last reported quarter — estimated from per-share metrics
Free Cash Flow
$33M
Total Equity
$10.21B
Total Liabilities
$395M
Current Ratio
1.49
Interest Coverage
-
Debt/EBITDA
1.19
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$7.17
Current Price
$8.70
Margin of Safety
-21.2%
Fair Value Range
$4.66 - $9.68
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
77.08
ROE
9.7%
P/B Ratio
7.30
P/FCF
269.72
Gross Margin
20.3%
ROIC
2.0%
Profitability Radar
Value Creation (Economic Moat)
ROIC
2.0%
WACC
10.4%
ROIC − WACC
-8.4 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (8)
- Price CAGR 11.54%
- Debt/Equity ratio
- Operating Margin 18.1%
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- Revenue Growth 5Y 14.6%
- Earnings Quality (OCF/NI) 1.33
Failed (11)
- ROIC 2.0%
- Gross Margin 20.3%
- P/FCF 269.72
- P/B Ratio 7.30
- CapEx intensity
- Price below Graham Number
- DCF valuation (Overvalued)
- ROE 0.5%
- Analyst Consensus 0% Buy
- Earnings Surprise avg -71.0%
- Piotroski F-Score 2/9
Unavailable (8)
- EPS data insufficient
- Dividend Payout NaN%
- 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-Score
Serious financial concerns
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
No institutional filings reported for this company.
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| 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 |
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Latest News
Recent headlines for MOGLF, sourced from Markets Gazette.