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MAM

Microequities Asset Management GroupASX:MAM Stock Report

Market Cap

AU$115.6m

7D

-0.6%

1Y

97.8%

Updated

21 Oct, 2021

Data

Company Financials
MAM fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends3/6

MAM Overview

Microequities Asset Management Group Limited provides investment funds management services to investors.

Price History & Performance

Summary of all time highs, changes and price drops for Microequities Asset Management Group
Historical stock prices
Current Share PriceAU$0.89
52 Week HighAU$0.44
52 Week LowAU$0.97
Beta1.46
1 Month Change0%
3 Month Change21.09%
1 Year Change97.78%
3 Year Change60.36%
5 Year Changen/a
Change since IPO18.67%

Recent News & Updates

Feb 22
Here's Why We're Wary Of Buying Microequities Asset Management Group's (ASX:MAM) For Its Upcoming Dividend

Here's Why We're Wary Of Buying Microequities Asset Management Group's (ASX:MAM) For Its Upcoming Dividend

Readers hoping to buy Microequities Asset Management Group Limited ( ASX:MAM ) for its dividend will need to make their...

Shareholder Returns

MAMAU Capital MarketsAU Market
7D-0.6%4.0%1.5%
1Y97.8%24.9%21.1%

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

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

Price Volatility

Is MAM's price volatile compared to industry and market?
MAM volatility
MAM Beta1.46
Industry Beta0.99
Market Beta1

Stable Share Price: MAM is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: MAM's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004n/aCarlos Gilhttps://www.microequities.com.au

Microequities Asset Management Group Limited provides investment funds management services to investors. The company was formerly known as Microequities Ltd. Microequities Asset Management Group Limited was incorporated in 2004 and is based in Sydney, Australia.

Microequities Asset Management Group Fundamentals Summary

How do Microequities Asset Management Group's earnings and revenue compare to its market cap?
MAM fundamental statistics
Market CapAU$115.56m
Earnings (TTM)AU$14.01m
Revenue (TTM)AU$22.80m

8.2x

P/E Ratio

5.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MAM income statement (TTM)
RevenueAU$22.80m
Cost of RevenueAU$2.55m
Gross ProfitAU$20.25m
ExpensesAU$6.24m
EarningsAU$14.01m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.11
Gross Margin88.82%
Net Profit Margin61.45%
Debt/Equity Ratio0%

How did MAM perform over the long term?

See historical performance and comparison

Dividends

11.2%

Current Dividend Yield

65%

Payout Ratio

Valuation

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

8.25x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MAM (A$0.89) is trading above our estimate of fair value (A$0.68)

Significantly Below Fair Value: MAM is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MAM is good value based on its PE Ratio (8.2x) compared to the Australian Capital Markets industry average (17.5x).

PE vs Market: MAM is good value based on its PE Ratio (8.2x) compared to the Australian market (19.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MAM is overvalued based on its PB Ratio (5.8x) compared to the AU Capital Markets industry average (1.4x).


Future Growth

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

9.0%

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 Microequities Asset Management Group 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 Microequities Asset Management Group performed over the past 5 years?

11.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAM has high quality earnings.

Growing Profit Margin: MAM's current net profit margins (61.4%) are higher than last year (43.5%).


Past Earnings Growth Analysis

Earnings Trend: MAM's earnings have grown by 11.4% per year over the past 5 years.

Accelerating Growth: MAM's earnings growth over the past year (319%) exceeds its 5-year average (11.4% per year).

Earnings vs Industry: MAM earnings growth over the past year (319%) exceeded the Capital Markets industry 12.8%.


Return on Equity

High ROE: MAM's Return on Equity (71.4%) is considered outstanding.


Financial Health

How is Microequities Asset Management Group's financial position?


Financial Position Analysis

Short Term Liabilities: MAM's short term assets (A$15.1M) exceed its short term liabilities (A$3.8M).

Long Term Liabilities: MAM's short term assets (A$15.1M) exceed its long term liabilities (A$437.3K).


Debt to Equity History and Analysis

Debt Level: MAM is debt free.

Reducing Debt: MAM has no debt compared to 5 years ago when its debt to equity ratio was 0.02%.

Debt Coverage: MAM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MAM has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

11.24%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MAM's dividend (11.24%) is higher than the bottom 25% of dividend payers in the Australian market (2.29%).

High Dividend: MAM's dividend (11.24%) is in the top 25% of dividend payers in the Australian market (5.31%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, MAM has been paying a dividend for less than 10 years.

Growing Dividend: MAM's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (65.1%), MAM's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

AU$989k

CEO Compensation


CEO

Carlos Gil

no data

Tenure

AU$988,795

Compensation

Mr. Carlos Gil, BEc, GradDipAppFin SIA, MAppFin FSIA, serves as Executive Director, Chief Executive Officer, Managing Director and Chief Investment Officer of Microequities Asset Management Group Limited....


CEO Compensation Analysis

Compensation vs Market: Carlos's total compensation ($USD740.50K) is above average for companies of similar size in the Australian market ($USD303.55K).

Compensation vs Earnings: Carlos's compensation has increased by more than 20% in the past year.


Ownership

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


Insider Trading Volume

Insider Buying: MAM 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

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


Key Information

  • Name: Microequities Asset Management Group Limited
  • Ticker: MAM
  • Exchange: ASX
  • Founded: 2004
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: AU$115.559m
  • Shares outstanding: 129.84m
  • Website: https://www.microequities.com.au

Location

  • Microequities Asset Management Group Limited
  • Governor Macquarie Tower
  • Level 31
  • 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 18:15
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.