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CGA

Contango Asset ManagementASX:CGA Stock Report

Market Cap

AU$43.2m

7D

0%

1Y

28.6%

Updated

21 Oct, 2021

Data

Company Financials
CGA fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

CGA Overview

Contango Asset Management Limited is a publicly owned investment manager.

Price History & Performance

Summary of all time highs, changes and price drops for Contango Asset Management
Historical stock prices
Current Share PriceAU$0.90
52 Week HighAU$0.65
52 Week LowAU$1.09
Beta0.30
1 Month Change12.50%
3 Month Change-16.67%
1 Year Change28.57%
3 Year Change56.52%
5 Year Change-51.35%
Change since IPO-99.64%

Recent News & Updates

Dec 16
Our View On Contango Asset Management's (ASX:CGA) CEO Pay

Our View On Contango Asset Management's (ASX:CGA) CEO Pay

This article will reflect on the compensation paid to Marty Switzer who has served as CEO of Contango Asset Management...

Shareholder Returns

CGAAU Capital MarketsAU Market
7D0%2.8%0.7%
1Y28.6%26.3%21.4%

Return vs Industry: CGA exceeded the Australian Capital Markets industry which returned 24.9% over the past year.

Return vs Market: CGA exceeded the Australian Market which returned 21.1% over the past year.

Price Volatility

Is CGA's price volatile compared to industry and market?
CGA volatility
CGA Beta0.30
Industry Beta0.99
Market Beta1

Stable Share Price: CGA is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CGA's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aMarty Switzerhttps://contango.com.au

Contango Asset Management Limited is a publicly owned investment manager. It manages large cap, mid cap, small cap, micro cap, and income focused mandates for its institutional clients. The company was formerly known as Tyrian Diagnostics Limited and changed its name to Contango Asset Management Limited in August 2016.

Contango Asset Management Fundamentals Summary

How do Contango Asset Management's earnings and revenue compare to its market cap?
CGA fundamental statistics
Market CapAU$43.24m
Earnings (TTM)-AU$800.00k
Revenue (TTM)AU$5.51m

7.8x

P/S Ratio

-54.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CGA income statement (TTM)
RevenueAU$5.51m
Cost of RevenueAU$1.12m
Gross ProfitAU$4.39m
ExpensesAU$5.19m
Earnings-AU$800.00k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.017
Gross Margin79.64%
Net Profit Margin-14.52%
Debt/Equity Ratio13.4%

How did CGA perform over the long term?

See historical performance and comparison

Valuation

Is Contango Asset Management undervalued compared to its fair value and its price relative to the market?

4.61x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CGA's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CGA's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CGA is unprofitable, so we can't compare its PE Ratio to the Australian Capital Markets industry average.

PE vs Market: CGA is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CGA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CGA is overvalued based on its PB Ratio (4.6x) compared to the AU Capital Markets industry average (1.4x).


Future Growth

How is Contango Asset Management forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.1%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Contango Asset Management has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Contango Asset Management performed over the past 5 years?

27.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CGA is currently unprofitable.

Growing Profit Margin: CGA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CGA is unprofitable, but has reduced losses over the past 5 years at a rate of 27.2% per year.

Accelerating Growth: Unable to compare CGA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CGA is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (12.8%).


Return on Equity

High ROE: CGA has a negative Return on Equity (-8.53%), as it is currently unprofitable.


Financial Health

How is Contango Asset Management's financial position?


Financial Position Analysis

Short Term Liabilities: CGA's short term assets (A$8.6M) exceed its short term liabilities (A$2.9M).

Long Term Liabilities: CGA's short term assets (A$8.6M) exceed its long term liabilities (A$1.6M).


Debt to Equity History and Analysis

Debt Level: CGA's debt to equity ratio (13.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if CGA's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CGA has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: CGA has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 7.4% each year


Dividend

What is Contango Asset Management current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CGA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CGA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CGA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CGA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CGA's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Marty Switzer

4yrs

Tenure

AU$584,023

Compensation

Mr. Martin Francis Switzer, B. Econ (Hons), also known as Marty, serves as Managing Director of Contango Asset Management Limited since August 22, 2018 and its Chief Executive Officer and has been its Dire...


CEO Compensation Analysis

Compensation vs Market: Marty's total compensation ($USD437.37K) is above average for companies of similar size in the Australian market ($USD303.55K).

Compensation vs Earnings: Marty's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: CGA's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: CGA's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Contango Asset Management Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Contango Asset Management Limited
  • Ticker: CGA
  • Exchange: ASX
  • Founded: NaN
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: AU$43.241m
  • Shares outstanding: 48.05m
  • Website: https://contango.com.au

Location

  • Contango Asset Management Limited
  • 10 Spring Street
  • Level 6
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:05
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.