ASX:MOE

Stock Analysis Report

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Executive Summary

Moelis Australia Limited, together with its subsidiaries, provides various financial services. More Details


Snowflake Analysis

Moderate growth potential with mediocre balance sheet.

Share Price & News

How has Moelis Australia's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.6%

MOE

-0.5%

AU Capital Markets

-0.3%

AU Market


1 Year Return

0.2%

MOE

-1.2%

AU Capital Markets

-6.9%

AU Market

Return vs Industry: MOE exceeded the Australian Capital Markets industry which returned -1.2% over the past year.

Return vs Market: MOE exceeded the Australian Market which returned -6.9% over the past year.


Shareholder returns

MOEIndustryMarket
7 Day-2.6%-0.5%-0.3%
30 Day13.9%7.3%5.1%
90 Day28.6%4.7%4.2%
1 Year2.1%0.2%2.5%-1.2%-3.5%-6.9%
3 Year-25.9%-29.2%33.3%16.7%18.1%3.0%
5 Yearn/a66.0%31.7%44.2%15.1%

Price Volatility Vs. Market

How volatile is Moelis Australia's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

24.64x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MOE (A$4.18) is trading above our estimate of fair value (A$2.38)

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


Price To Earnings Ratio

PE vs Industry: MOE is poor value based on its PE Ratio (24.6x) compared to the AU Capital Markets industry average (21.5x).

PE vs Market: MOE is poor value based on its PE Ratio (24.6x) compared to the Australian market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: MOE is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: MOE is overvalued based on its PB Ratio (2.8x) compared to the AU Capital Markets industry average (1.3x).


Next Steps

Future Growth

How is Moelis Australia forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

19.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MOE's forecast earnings growth (19% per year) is above the savings rate (2.3%).

Earnings vs Market: MOE's earnings (19% per year) are forecast to grow faster than the Australian market (17.7% per year).

High Growth Earnings: MOE's earnings are forecast to grow, but not significantly.

Revenue vs Market: MOE's revenue (7.4% per year) is forecast to grow faster than the Australian market (4.6% per year).

High Growth Revenue: MOE's revenue (7.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MOE's Return on Equity is forecast to be low in 3 years time (17.4%).


Next Steps

Past Performance

How has Moelis Australia performed over the past 5 years?

22.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MOE has high quality earnings.

Growing Profit Margin: MOE's current net profit margins (15.4%) are lower than last year (18.1%).


Past Earnings Growth Analysis

Earnings Trend: MOE has become profitable over the past 5 years, growing earnings by 22.9% per year.

Accelerating Growth: MOE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MOE had negative earnings growth (-4.5%) over the past year, making it difficult to compare to the Capital Markets industry average (-7.9%).


Return on Equity

High ROE: MOE's Return on Equity (11.7%) is considered low.


Next Steps

Financial Health

How is Moelis Australia's financial position?


Financial Position Analysis

Short Term Liabilities: MOE's short term assets (A$333.4M) exceed its short term liabilities (A$120.4M).

Long Term Liabilities: MOE's short term assets (A$333.4M) exceed its long term liabilities (A$225.1M).


Debt to Equity History and Analysis

Debt Level: MOE's debt to equity ratio (128.9%) is considered high.

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

Debt Coverage: MOE's debt is well covered by operating cash flow (23%).

Interest Coverage: Insufficient data to determine if MOE's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Moelis Australia current dividend yield, its reliability and sustainability?

2.39%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MOE's dividend (2.39%) is higher than the bottom 25% of dividend payers in the Australian market (2.09%).

High Dividend: MOE's dividend (2.39%) is low compared to the top 25% of dividend payers in the Australian market (5.45%).


Stability and Growth of Payments

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

Growing Dividend: MOE'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 (59%), MOE's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MOE's dividends in 3 years are forecast to be well covered by earnings (43.1% payout ratio).


Next Steps

Management

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

0.6yrs

Average management tenure


CEO

Julian Biggins

0.58

Tenure

AU$2,130,057

Compensation

Mr. Julian Biggin is a Co-Founder and has been its Executive Director at Moelis Australia Limited since February 02, 2017 and served its Head of Real Estate Advisory and Managing Director until March 2, 20 ...


CEO Compensation Analysis

Compensation vs Market: Julian's total compensation ($USD1.51M) is above average for companies of similar size in the Australian market ($USD693.56K).

Compensation vs Earnings: Julian's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Julian Biggins
Co-Founder0.58yrAU$2.13m3.79%
A$ 23.7m
Christopher Wyke
Co-Founder0.58yrAU$2.13m3.72%
A$ 23.2m
Andrew Pridham
Co-Founder & Group Vice Chairman0.58yrAU$488.90k28.16%
A$ 175.9m
Graham Lello
Chief Financial Officerno dataAU$915.70k0.10%
A$ 624.6k
Janna Robertson
COO & Company Secretary1.75yrsAU$953.32k0.040%
A$ 251.1k
Rebecca Ong
General Counsel & Company Secretary0.67yrno datano data
Hugh Thomson
Managing Directorno dataAU$742.09kno data
John Garrett
Managing Director of Asset Managementno datano datano data
Amelia Hill
Managing Directorno datano datano data
Steven Katz
Managing Directorno datano datano data
Andrew Martin
MD & Head of Asset Managementno datano datano data
Phil Newman
Managing Directorno datano datano data

0.6yrs

Average Tenure

Experienced Management: MOE's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Julian Biggins
Co-Founder0.58yrAU$2.13m3.79%
A$ 23.7m
Christopher Wyke
Co-Founder0.58yrAU$2.13m3.72%
A$ 23.2m
Andrew Pridham
Co-Founder & Group Vice Chairman0.58yrAU$488.90k28.16%
A$ 175.9m
Kenneth Moelis
Non-Executive Director10.25yrsno data2.45%
A$ 15.3m
Jeffrey Browne
Independent Chairmanno dataAU$224.15k0.26%
A$ 1.6m
Kate Ciafone
Non-Executive Director0.17yrno datano data
Alexandra Goodfellow
Independent Non-Executive Director0.17yrno datano data

0.6yrs

Average Tenure

61yo

Average Age

Experienced Board: MOE's board of directors are not considered experienced ( 0.6 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: MOE 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

Moelis Australia Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Moelis Australia Limited
  • Ticker: MOE
  • Exchange: ASX
  • Founded: 2009
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: AU$624.461m
  • Shares outstanding: 149.39m
  • Website: https://www.moelisaustralia.com

Number of Employees


Location

  • Moelis Australia Limited
  • Governor Phillip Tower
  • Level 27
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MOEASX (Australian Securities Exchange)YesOrdinary SharesAUAUDApr 2017
MOECHIA (Chi-X Australia)YesOrdinary SharesAUAUDApr 2017

Biography

Moelis Australia Limited, together with its subsidiaries, provides various financial services. It operates in two segments, Corporate Advisory and Equities; and Asset Management. The Corporate Advisory and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/25 10:33
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.