ASX:CSS

Stock Analysis Report

Executive Summary

Clean Seas Seafood Limited operates in the aquaculture industry in Australia and internationally.

Snowflake

Fundamentals

Adequate balance sheet with moderate growth potential.

Risks

  • Clean Seas Seafood is not covered by any analysts.

Share Price & News

How has Clean Seas Seafood's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.5%

CSS

4.5%

AU Food

1.0%

AU Market


1 Year Return

-25.4%

CSS

-11.4%

AU Food

7.2%

AU Market

CSS underperformed the Food industry which returned -11.4% over the past year.

CSS underperformed the Market in Australia which returned 7.2% over the past year.


Share holder returns

CSSIndustryMarket
7 Day3.5%4.5%1.0%
30 Day11.4%5.7%3.2%
90 Day-3.3%-0.08%1.4%
1 Year-25.4%-25.4%-9.1%-11.4%13.4%7.2%
3 Year18.9%18.9%2.8%-2.4%40.7%21.8%
5 Year-35.3%-35.3%43.4%31.3%50.8%17.0%

Price Volatility Vs. Market

How volatile is Clean Seas Seafood's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Clean Seas Seafood undervalued based on future cash flows and its price relative to the stock market?

50.74x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Clean Seas Seafood to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Clean Seas Seafood to establish if it is available at substantial discount.


Price Based on Earnings

Clean Seas Seafood is overvalued based on earnings compared to the AU Food industry average.

Clean Seas Seafood is overvalued based on earnings compared to the Australia market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Clean Seas Seafood, we can't assess if its growth is good value.


Price Based on Value of Assets

Clean Seas Seafood is good value based on assets compared to the AU Food industry average.


Next Steps

Future Growth

How is Clean Seas Seafood expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

25.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Clean Seas Seafood is high growth as no revenue estimate data is available.

Clean Seas Seafood's earnings are expected to grow significantly at over 20% yearly.

Unable to compare Clean Seas Seafood's revenue growth to the Australia market average as no estimate data is available.

Clean Seas Seafood's earnings growth is expected to exceed the Australia market average.

Clean Seas Seafood's earnings growth is expected to exceed the low risk savings rate of 2.3%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Clean Seas Seafood will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Clean Seas Seafood performed over the past 5 years?

-7.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Clean Seas Seafood's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

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

Clean Seas Seafood's 1-year earnings growth is negative, it can't be compared to the AU Food industry average.


Return on Equity

Clean Seas Seafood has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Clean Seas Seafood used its assets less efficiently than the AU Food industry average last year based on Return on Assets.


Return on Capital Employed

Clean Seas Seafood has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).


Next Steps

Financial Health

How is Clean Seas Seafood's financial position?


Financial Position Analysis

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

Clean Seas Seafood's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Clean Seas Seafood's level of debt (10.7%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (0% vs 10.7% today).

Operating cash flow is negative therefore debt is not well covered.

Interest payments on debt are well covered by earnings (EBIT is 6.6x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 9.4x debt.


Next Steps

Dividend

What is Clean Seas Seafood's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Clean Seas Seafood's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Clean Seas Seafood's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Clean Seas Seafood has not reported any payouts.

Unable to verify if Clean Seas Seafood's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Clean Seas Seafood has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Clean Seas Seafood's salary, the management and board of directors tenure and is there insider trading?

2.0yrs

Average management tenure


CEO

David Head (61yo)

3.7yrs

Tenure

AU$1,024,254

Compensation

Mr. David J. Head, BEc. has been Chief Executive Officer, Managing Director and Director at Clean Seas Tuna Limited since January 28, 2016. Mr. Head serves as Managing Director and Chief Executive Officer  ...


CEO Compensation Analysis

David's remuneration is higher than average for companies of similar size in Australia.

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


Management Age and Tenure

2.0yrs

Average Tenure

The tenure for the Clean Seas Seafood management team is about average.


Board Age and Tenure

3.0yrs

Average Tenure

The tenure for the Clean Seas Seafood board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyAU$7,139,00027 Aug 19
IFM Independent Fund Management AG
EntityCompany
Shares8,850,924
Max PriceAU$0.94
SellAU$46,35604 Jul 19
IFM Independent Fund Management AG
EntityCompany
Shares50,249
Max PriceAU$0.92
BuyAU$534,54204 Jul 19
IFM Independent Fund Management AG
EntityCompany
Shares556,961
Max PriceAU$0.99
BuyAU$4,75018 Mar 19
Terrence O’Brien
EntityIndividual
Role
Chairman of the Board
Independent Non-Executive Chairman
Shares5,000
Max PriceAU$0.95
BuyAU$198,92207 Feb 19
HighValue Partners AG
EntityCompany
Shares178,201
Max PriceAU$1.19
BuyAU$5,00005 Dec 18
David Head
EntityIndividual
Role
Chief Executive Officer
MD, CEO & Director
Shares4,237
Max PriceAU$1.18

Ownership Breakdown


Management Team

  • David Head (61yo)

    MD, CEO & Director

    • Tenure: 3.7yrs
    • Compensation: AU$1.02m
  • Chester Wilkes

    Marine Production Manager

    • Tenure: 6.8yrs
    • Compensation: AU$199.00k
  • Tim Dohrmann

    Investor Relations

    • Tenure: 0yrs
  • Robert Gratton

    CFO & Joint Company Secretary

    • Tenure: 0.4yrs
    • Compensation: AU$331.20k
  • David Brown

    Group Financial Controller & Joint Company Secretary

    • Tenure: 0.3yrs

Board Members

  • David Head (61yo)

    MD, CEO & Director

    • Tenure: 3.7yrs
    • Compensation: AU$1.02m
  • Nick Burrows

    Independent Non-Executive Director

    • Tenure: 7.4yrs
    • Compensation: AU$86.38k
  • Raelene Murphy (59yo)

    Independent Non-Executive Director

    • Tenure: 1.2yrs
    • Compensation: AU$74.38k
  • Marcus Stehr

    Non-Executive Director

    • Tenure: 19yrs
    • Compensation: AU$73.25k
  • Terry O’Brien

    Independent Non-Executive Chairman

    • Tenure: 2.3yrs
    • Compensation: AU$145.63k
  • Helen Sawczak

    Independent Non-Executive Director

    • Tenure: 1.2yrs
    • Compensation: AU$67.50k

Company Information

Clean Seas Seafood Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Clean Seas Seafood Limited
  • Ticker: CSS
  • Exchange: ASX
  • Founded: 2000
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: AU$81.329m
  • Shares outstanding: 92.42m
  • Website: https://www.cleanseas.com.au

Number of Employees


Location

  • Clean Seas Seafood Limited
  • 7 Frederick Road
  • Royal Park
  • South Australia
  • 5014
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CSSASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2005
CTUN.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2005
C7SDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2005

Biography

Clean Seas Seafood Limited operates in the aquaculture industry in Australia and internationally. It operates through two segments, Finfish Sales and Tuna Operations. The company engages in the propagation ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 10:33
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.