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MCX

MarinerASX:MCX Stock Report

Market Cap

AU$2.6m

7D

0%

1Y

83.3%

Updated

26 Oct, 2021

Data

Company Financials
MCX fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

MCX Overview

Mariner Corporation Limited operates as diversified investments company in Australia and Hong Kong.

Price History & Performance

Summary of all time highs, changes and price drops for Mariner
Historical stock prices
Current Share PriceAU$0.055
52 Week HighAU$0.029
52 Week LowAU$0.11
Beta0.050
1 Month Change0%
3 Month Change-5.17%
1 Year Change83.33%
3 Year Change12.25%
5 Year Change37.50%
Change since IPO-99.52%

Recent News & Updates

Shareholder Returns

MCXAU Capital MarketsAU Market
7D0%2.3%0.8%
1Y83.3%29.1%24.4%

Return vs Industry: MCX exceeded the Australian Capital Markets industry which returned 29.1% over the past year.

Return vs Market: MCX exceeded the Australian Market which returned 24.4% over the past year.

Price Volatility

Is MCX's price volatile compared to industry and market?
MCX volatility
MCX Beta0.050
Industry Beta0.99
Market Beta1

Stable Share Price: Insufficient data to determine MCX's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine MCX's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1985n/aKaiman Wonghttps://www.marinercorporation.com.au

Mariner Corporation Limited operates as diversified investments company in Australia and Hong Kong. It invests in properties, loan books, agricultural assets, aged care, office buildings, subdivision developments, and others; and a portfolio of plant and equipment rental assets. The company was incorporated in 1985 and is based in Sydney, Australia.

Mariner Fundamentals Summary

How do Mariner's earnings and revenue compare to its market cap?
MCX fundamental statistics
Market CapAU$2.64m
Earnings (TTM)-AU$595.75k
Revenue (TTM)AU$85.70k

30.9x

P/S Ratio

-4.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MCX income statement (TTM)
RevenueAU$85.70k
Cost of RevenueAU$0
Gross ProfitAU$85.70k
ExpensesAU$681.45k
Earnings-AU$595.75k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.012
Gross Margin100.00%
Net Profit Margin-695.20%
Debt/Equity Ratio-205.8%

How did MCX perform over the long term?

See historical performance and comparison

Valuation

Is Mariner undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Mariner is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Mariner has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Future Growth

How is Mariner 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 Mariner 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 Mariner performed over the past 5 years?

-23.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MCX is currently unprofitable.

Growing Profit Margin: MCX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MCX is unprofitable, and losses have increased over the past 5 years at a rate of 23.8% per year.

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

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


Return on Equity

High ROE: MCX's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is Mariner's financial position?


Financial Position Analysis

Short Term Liabilities: MCX has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: MCX has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: MCX has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: MCX's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: MCX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MCX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 21.8% each year


Dividend

What is Mariner current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate MCX'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 MCX's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: MCX is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MCX'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 board tenure


CEO

Kaiman Wong

0.83

Tenure

AU$332,529

Compensation

Mr. Kaiman Wong has been Managing Director at Mariner Corporation Limited since December 23, 2020 and its Company Secretary since April 30, 2021. Mr Wong has been with Baron International Financial Group,...


CEO Compensation Analysis

Compensation vs Market: Kaiman's total compensation ($USD249.27K) is about average for companies of similar size in the Australian market ($USD301.38K).

Compensation vs Earnings: Insufficient data to compare Kaiman's compensation with company performance.


Board Members

Experienced Board: MCX's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


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.


Ownership Breakdown

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


Top Shareholders

Company Information

Mariner Corporation Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Mariner Corporation Limited
  • Ticker: MCX
  • Exchange: ASX
  • Founded: 1985
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: AU$2.643m
  • Shares outstanding: 48.05m
  • Website: https://www.marinercorporation.com.au

Location

  • Mariner Corporation Limited
  • Australia Square
  • Level 33
  • 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 Analysis2021/10/26 07:02
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.