ASX:MOE

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Adequate balance sheet with questionable track record.

Risks

  • Moelis Australia's last earnings update was 185 days ago.
  • Moelis Australia is covered by less than 3 analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

3.2%

ASX:MOE

3.9%

AU Capital Markets

1.4%

AU Market


1 Year Return

-41.2%

ASX:MOE

4.2%

AU Capital Markets

1.9%

AU Market

MOE underperformed the Capital Markets industry which returned 4.2% over the past year.

MOE underperformed the Market in Australia which returned 1.9% over the past year.


Share holder returns

MOEIndustryMarket
7 Day3.2%3.9%1.4%
30 Day-4.6%-2.5%-3.3%
90 Day-12.6%3.9%0.8%
1 Year-40.2%-41.2%8.7%4.2%7.6%1.9%
3 Yearn/a80.2%56.6%31.7%14.6%
5 Yearn/a176.6%117.6%38.9%8.0%

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 based on future cash flows and its price relative to the stock market?

18.44x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Moelis Australia's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Moelis Australia's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Moelis Australia is overvalued based on earnings compared to the AU Capital Markets industry average.

Moelis Australia is overvalued based on earnings compared to the Australia market.


Price Based on Expected Growth

Moelis Australia is good value based on expected growth next year.


Price Based on Value of Assets

Moelis Australia is overvalued based on assets compared to the AU Capital Markets industry average.


Next Steps

Future Growth

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

18.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Moelis Australia's revenue is expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).

Moelis Australia's earnings are expected to grow by 18.8% yearly, however this is not considered high growth (20% yearly).

Moelis Australia's revenue growth is positive but not above the Australia market average.

Moelis Australia's earnings growth is expected to exceed the Australia market average.

Moelis Australia's earnings growth is expected to exceed the low risk savings rate of 2.3%.


Earnings per Share Growth Estimates


Future Return on Equity

Moelis Australia is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Moelis Australia performed over the past 5 years?

50.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Moelis Australia has delivered over 20% year on year earnings growth in the past 5 years.

Moelis Australia's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Moelis Australia's 1-year earnings growth is negative, it can't be compared to the AU Capital Markets industry average.


Return on Equity

Moelis Australia has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Moelis Australia used its assets more efficiently than the AU Capital Markets industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Moelis Australia improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Moelis Australia's financial position?


Financial Position Analysis

Moelis Australia is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Moelis Australia's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Moelis Australia's level of debt (34.3%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Moelis Australia's debt level has increased without past 5-year debt data.

Debt is well covered by operating cash flow (39.4%, greater than 20% of total debt).

Unable to confirm if the interest payments on Moelis Australia's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 2.2x debt.


Next Steps

Dividend

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

2.64%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Moelis Australia's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.53%).

Moelis Australia's dividend is below the markets top 25% of dividend payers in Australia (5.8%).

Whilst dividend payments have been stable, Moelis Australia has been paying a dividend for less than 10 years.

Dividend payments have increased, but Moelis Australia only paid a dividend in the past 2 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3x coverage).


Next Steps

Management

What is the CEO of Moelis Australia's salary, the management and board of directors tenure and is there insider trading?

6.1yrs

Average board tenure


CEO

Andrew Pridham (52yo)

0.0yrs

Tenure

AU$490,466

Compensation

Mr. Andrew Robert Pridham has been Chief Executive Officer and Executive Director at Moelis Australia Limited since May 25, 2010. Mr. Pridham has been Managing Director & Head of Investment Banking - Moeli ...


CEO Compensation Analysis

Andrew's remuneration is lower than average for companies of similar size in Australia.

Andrew's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

6.1yrs

Average Tenure

60yo

Average Age

The tenure for the Moelis Australia board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Andrew Pridham (52yo)

    CEO & Executive Director

    • Tenure: 0.0yrs
    • Compensation: AU$490.47k
  • Chris Wyke

    MD & Head of Corporate Advisory

    • Tenure: 0.0yrs
    • Compensation: AU$2.09m
  • Julian Biggins

    MD, Head of Real Estate Advisory & Executive Director

    • Tenure: 2.5yrs
    • Compensation: AU$1.95m
  • John Garrett

    Managing Director

    • Tenure: 0.0yrs
  • Hugh Thomson

    COO & MD

    • Tenure: 0.0yrs
    • Compensation: AU$742.09k
  • Peter Dixon

    MD, General Counsel & Company Secretary

    • Tenure: 0.0yrs
  • Amelia Hill

    Managing Director

    • Tenure: 0.0yrs
  • Andrew Martin

    Managing Director

    • Tenure: 0.0yrs
  • Steven Katz

    Managing Director

    • Tenure: 0.0yrs
  • Graham Lello

    Chief Financial Officer

    • Tenure: 0.0yrs

Board Members

  • Ken Moelis (60yo)

    Non-Executive Director

    • Tenure: 9.1yrs
  • Andrew Pridham (52yo)

    CEO & Executive Director

    • Tenure: 0.0yrs
    • Compensation: AU$490.47k
  • Jeff Browne (66yo)

    Independent Chairman

    • Tenure: 0.0yrs
    • Compensation: AU$211.65k
  • Julian Biggins

    MD, Head of Real Estate Advisory & Executive Director

    • Tenure: 2.5yrs
    • Compensation: AU$1.95m
  • Joe Simon (60yo)

    Non-Executive Director

    • Tenure: 3.2yrs

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: 2010
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: AU$541.483m
  • Shares outstanding: 152.96m
  • 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

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 Analysis2019/08/23 10:37
End of Day Share Price2019/08/23 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.