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Microequities Asset Management Group

ASX:MAM
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MAM
ASX
A$52M
Market Cap
  1. Home
  2. AU
  3. Diversified Financials
Company description

Microequities Asset Management Group Limited operates as a microcap and small cap fund manager in Australia. The last earnings update was 99 days ago. More info.


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MAM Share Price and Events
7 Day Returns
9.6%
ASX:MAM
1.9%
AU Capital Markets
2.5%
AU Market
1 Year Returns
-45.2%
ASX:MAM
8.1%
AU Capital Markets
5%
AU Market
MAM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Microequities Asset Management Group (MAM) 9.6% 0% -7% -45.2% - -
AU Capital Markets 1.9% -5.1% -0.8% 8.1% 68.4% 104.2%
AU Market 2.5% 2.4% 4.8% 5% 19.3% 8.7%
1 Year Return vs Industry and Market
  • MAM underperformed the Capital Markets industry which returned 8.1% over the past year.
  • MAM underperformed the Market in Australia which returned 5% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

MAM Value

 Is Microequities Asset Management Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Microequities Asset Management Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Microequities Asset Management Group.

ASX:MAM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= A$0.07 * 65.4%
A$0.04
Book Value of Equity per Share Median Book Value from the past 5 years. A$0.07
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:MAM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.699 (1 + (1- 30%) (0%))
0.798
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.8 * 5.96%)
7.08%

Discounted Cash Flow Calculation for ASX:MAM using Excess Returns Model Model

The calculations below outline how an intrinsic value for Microequities Asset Management Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

ASX:MAM Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (65.4% – 7.08%) * A$0.07)
A$0.04
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= A$0.04 / (7.08% - 2.31%)
A$0.81
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= A$0.07 + A$0.81
A$0.88
ASX:MAM Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.88
Current discount Discount to share price of A$0.40
= -1 x (A$0.40 - A$0.88) / A$0.88
54.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Microequities Asset Management Group is available for.
Intrinsic value
>50%
Share price is A$0.4 vs Future cash flow value of A$0.87766
Current Discount Checks
For Microequities Asset Management Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Microequities Asset Management Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Microequities Asset Management Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Microequities Asset Management Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Microequities Asset Management Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:MAM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.03
ASX:MAM Share Price ** ASX (2019-05-24) in AUD A$0.4
Australia Capital Markets Industry PE Ratio Median Figure of 19 Publicly-Listed Capital Markets Companies 15.93x
Australia Market PE Ratio Median Figure of 542 Publicly-Listed Companies 16.39x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Microequities Asset Management Group.

ASX:MAM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:MAM Share Price ÷ EPS (both in AUD)

= 0.4 ÷ 0.03

14.99x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Microequities Asset Management Group is good value based on earnings compared to the AU Capital Markets industry average.
  • Microequities Asset Management Group is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Microequities Asset Management Group's expected growth come at a high price?
Raw Data
ASX:MAM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-10.8%per year
Australia Capital Markets Industry PEG Ratio Median Figure of 9 Publicly-Listed Capital Markets Companies 2.57x
Australia Market PEG Ratio Median Figure of 358 Publicly-Listed Companies 1.43x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Microequities Asset Management Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Microequities Asset Management Group's assets?
Raw Data
ASX:MAM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.07
ASX:MAM Share Price * ASX (2019-05-24) in AUD A$0.4
Australia Capital Markets Industry PB Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 1.35x
Australia Market PB Ratio Median Figure of 1,680 Publicly-Listed Companies 1.66x
ASX:MAM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:MAM Share Price ÷ Book Value per Share (both in AUD)

= 0.4 ÷ 0.07

6.03x

* Primary Listing of Microequities Asset Management Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Microequities Asset Management Group is overvalued based on assets compared to the AU Capital Markets industry average.
X
Value checks
We assess Microequities Asset Management Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Microequities Asset Management Group has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MAM Future Performance

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

  • No analysts cover Microequities Asset Management Group, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-10.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Microequities Asset Management Group expected to grow at an attractive rate?
  • Microequities Asset Management Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Microequities Asset Management Group's earnings are expected to decrease over the next 1-3 years, this is below the Australia market average.
  • Unable to compare Microequities Asset Management Group's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:MAM Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:MAM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -10.8%
Australia Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
Australia Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:MAM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:MAM Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 10 3 3
2018-09-30 10 6 4
2018-06-30 11 8 5
2018-03-31 11 7 6
2017-12-31 11 6 6
2017-09-30 13 7 8
2017-06-30 16 8 9
2016-06-30 8 4 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Microequities Asset Management Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Microequities Asset Management Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:MAM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Microequities Asset Management Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MAM Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.03
2018-09-30 0.03
2018-06-30 0.04
2018-03-31 0.04
2017-12-31 0.05
2017-09-30 0.06
2017-06-30 0.07
2016-06-30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Microequities Asset Management Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Microequities Asset Management Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Microequities Asset Management Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MAM Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Microequities Asset Management Group's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Microequities Asset Management Group's year on year earnings growth rate was positive over the past 5 years.
  • Microequities Asset Management Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Microequities Asset Management Group's 1-year earnings growth is negative, it can't be compared to the AU Capital Markets industry average.
Earnings and Revenue History
Microequities Asset Management Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Microequities Asset Management Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MAM Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 9.58 3.48 0.65
2018-09-30 10.40 4.35 0.66
2018-06-30 11.22 5.21 0.67
2018-03-31 11.23 5.61 0.62
2017-12-31 11.35 6.00 0.59
2017-09-30 13.44 7.65 0.51
2017-06-30 15.52 9.29 0.43
2016-06-30 8.02 4.87 0.27

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Microequities Asset Management Group made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Microequities Asset Management Group used its assets more efficiently than the AU Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Microequities Asset Management Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Microequities Asset Management Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Microequities Asset Management Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MAM Health

 How is Microequities Asset Management Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Microequities Asset Management Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Microequities Asset Management Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Microequities Asset Management Group has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Microequities Asset Management Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Microequities Asset Management Group has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Microequities Asset Management Group Company Filings, last reported 4 months ago.

ASX:MAM Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 8.68 0.00 5.51
2018-09-30 8.68 0.00 5.51
2018-06-30 8.78 0.00 6.56
2018-03-31 8.78 0.00 6.56
2017-12-31 6.32 0.00 5.94
2017-09-30 6.32 0.00 5.94
2017-06-30 5.83 0.00 4.67
2016-06-30
  • Microequities Asset Management Group has no debt.
  • Microequities Asset Management Group has not taken on any debt in the past 5 years.
  • Microequities Asset Management Group has no debt, it does not need to be covered by operating cash flow.
  • Microequities Asset Management Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Microequities Asset Management Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Microequities Asset Management Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MAM Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5%
Current annual income from Microequities Asset Management Group dividends.
If you bought A$2,000 of Microequities Asset Management Group shares you are expected to receive A$100 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Microequities Asset Management Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.56%).
  • Microequities Asset Management Group's dividend is below the markets top 25% of dividend payers in Australia (5.65%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:MAM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.1%
Australia Market Average Dividend Yield Market Cap Weighted Average of 414 Stocks 4.2%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:MAM Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-15 0.020 4.914
2018-08-23 0.010 1.976

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Microequities Asset Management Group has stable dividend payments.
  • Microequities Asset Management Group only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Microequities Asset Management Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Microequities Asset Management Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Microequities Asset Management Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Microequities Asset Management Group has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MAM Management

 What is the CEO of Microequities Asset Management Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Carlos Gil
COMPENSATION A$567,295
CEO Bio

Mr. Carlos Gil serves as Executive Director, Chief Executive Officer and Chief Investment Officer of Microequities Asset Management Group Limited. Mr. Gil serves as the Chief Executive Officer and Chief Investment Officer at Microequities Ltd. He is the Founder at Microequities Ltd. After being the Head of Investment Research for five years, Mr. Gil became the Chief Investment Officer at Microequities Asset Management in 2008. He established the firm to provide quality investment research on Australian Microcap companies. Earlier, Mr. Gil held various senior management positions in Europe, including roles as Head of International Securities at BM Securities, and at Banesto Bank (Santander Group). He has worked in stock broking, funds management, and investment research for over 20 years, and has been an individual investor in Australian Microcaps since he was 18 years old. He has been Non-Executive Director of Smartpay Holdings Limited since December 2018. Mr. Gil supports Australian Microcap companies and long term value investing. He holds a Bachelor of Economics from Sydney University, a Graduate Diploma in Applied Finance and Investment Analysis from the Australian Securities Institute and a Master in Applied Finance and Investment Analysis from the Financial Services Institute of Australia.

CEO Compensation
  • Insufficient data for Carlos to compare compensation growth.
  • Carlos's remuneration is higher than average for companies of similar size in Australia.
Management Team

Carlos Gil

TITLE
CEO, Chief Investment Officer & Executive Director
COMPENSATION
A$567K

Paul Kaplan

TITLE
Chief Operating Officer
COMPENSATION
A$560K

Sam Gutman

TITLE
Company Secretary & Executive Director
COMPENSATION
A$172K
Board of Directors

Les Szekely

TITLE
Chairperson
COMPENSATION
A$8K

Carlos Gil

TITLE
CEO, Chief Investment Officer & Executive Director
COMPENSATION
A$567K

Sam Gutman

TITLE
Company Secretary & Executive Director
COMPENSATION
A$172K

Craig Shapiro

TITLE
Independent Non-Executive Director
COMPENSATION
A$22K
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Microequities Asset Management Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Microequities Asset Management Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MAM News

Simply Wall St News

Could The Microequities Asset Management Group Limited (ASX:MAM) Ownership Structure Tell Us Something Useful?

A look at the shareholders of Microequities Asset Management Group Limited (ASX:MAM) can tell us which group is most powerful. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … Microequities Asset Management Group is not a large company by global standards.

Simply Wall St -

Do You Know What Microequities Asset Management Group Limited's (ASX:MAM) P/E Ratio Means?

We'll look at Microequities Asset Management Group Limited's (ASX:MAM) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, Microequities Asset Management Group's P/E ratio is 14.8. … Check out our latest analysis for Microequities Asset Management Group?

Simply Wall St -

Could The Microequities Asset Management Group Limited (ASX:MAM) Ownership Structure Tell Us Something Useful?

A look at the shareholders of Microequities Asset Management Group Limited (ASX:MAM) can tell us which group is most powerful. … Microequities Asset Management Group is a smaller company with a market capitalization of AU$56m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Microequities Asset Management Group

Simply Wall St -

Does Microequities Asset Management Group Limited's (ASX:MAM) P/E Ratio Signal A Buying Opportunity?

We'll show how you can use Microequities Asset Management Group Limited's (ASX:MAM) P/E ratio to inform your assessment of the investment opportunity. … Microequities Asset Management Group has a P/E ratio of 13.87, based on the last twelve months. … See our latest analysis for Microequities Asset Management Group?

Simply Wall St -

MAM Company Info

Description

Microequities Asset Management Group Limited operates as a microcap and small cap fund manager in Australia. The company also manages investment funds. It serves high net worth investors. The company was founded in 2006 and is based in Sydney, Australia.

Details
Name: Microequities Asset Management Group Limited
MAM
Exchange: ASX
Founded: 2006
A$51,700,640
130,887,697
Website: http://www.microequities.com.au
Address: Microequities Asset Management Group Limited
Governor Macquarie Tower,
Level 31,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MAM Ordinary Shares Australian Securities Exchange AU AUD 30. Apr 2018
Number of employees
Current staff
Staff numbers
12
Microequities Asset Management Group employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 10:36
End of day share price update: 2019/05/24 00:00
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.