ASX:MAM

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Microequities Asset Management Group

Executive Summary

Microequities Asset Management Group Limited provides fund management services to investors. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.

Share Price & News

How has Microequities Asset Management Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MAM's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.2%

MAM

-2.6%

AU Capital Markets

-2.4%

AU Market


1 Year Return

10.0%

MAM

-2.9%

AU Capital Markets

-8.3%

AU Market

Return vs Industry: MAM exceeded the Australian Capital Markets industry which returned -2.9% over the past year.

Return vs Market: MAM exceeded the Australian Market which returned -8.3% over the past year.


Shareholder returns

MAMIndustryMarket
7 Day-2.2%-2.6%-2.4%
30 Day-1.1%4.8%1.8%
90 Dayn/a1.5%1.7%
1 Year14.8%10.0%0.7%-2.9%-5.0%-8.3%
3 Yearn/a30.5%14.2%14.6%-0.08%
5 Yearn/a63.1%29.3%41.6%12.1%

Price Volatility Vs. Market

How volatile is Microequities Asset Management Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

17.18x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MAM (A$0.44) is trading above our estimate of fair value (A$0.39)

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 (17.2x) compared to the AU Capital Markets industry average (22.9x).

PE vs Market: MAM is good value based on its PE Ratio (17.2x) compared to the Australian market (21x).


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 (6x) compared to the AU Capital Markets industry average (1.2x).


Next Steps

Future Growth

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

9.2%

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.


Next Steps

Past Performance

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

-6.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAM has high quality earnings.

Growing Profit Margin: MAM's current net profit margins (43.5%) are higher than last year (34%).


Past Earnings Growth Analysis

Earnings Trend: MAM's earnings have declined by 6.8% per year over the past 5 years.

Accelerating Growth: MAM's earnings growth over the past year (31.8%) exceeds its 5-year average (-6.8% per year).

Earnings vs Industry: MAM earnings growth over the past year (31.8%) exceeded the Capital Markets industry -7.9%.


Return on Equity

High ROE: MAM's Return on Equity (37.5%) is considered high.


Next Steps

Financial Health

How is Microequities Asset Management Group's financial position?


Financial Position Analysis

Short Term Liabilities: MAM's short term assets (A$4.5M) exceed its short term liabilities (A$1.0M).

Long Term Liabilities: MAM's short term assets (A$4.5M) exceed its long term liabilities (A$24.0K).


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 0.05%.

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


Next Steps

Dividend

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

4.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MAM's dividend (4.55%) is higher than the bottom 25% of dividend payers in the Australian market (2.15%).

High Dividend: MAM's dividend (4.55%) is low compared to the top 25% of dividend payers in the Australian market (5.48%).


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 has only been paying a dividend for 2 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (78.1%), MAM's 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$684k

CEO Compensation


CEO

Carlos Gil

no data

Tenure

AU$684,261

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 ($USD483.34K) is above average for companies of similar size in the Australian market ($USD279.08K).

Compensation vs Earnings: Carlos's compensation has been consistent with company performance over 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 company bio, 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$61.984m
  • Shares outstanding: 130.49m
  • Website: https://www.microequities.com.au

Location

  • Microequities Asset Management Group Limited
  • Governor Macquarie Tower
  • Level 31
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MAMCHIA (Chi-X Australia)YesOrdinary SharesAUAUDApr 2018
MAMASX (Australian Securities Exchange)YesOrdinary SharesAUAUDApr 2018

Biography

Microequities Asset Management Group Limited provides fund management services to investors. It also invests in various listed companies. The company was formerly known as Microequities Ltd. Microequities ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 10:35
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.