E33

East 33ASX:E33 Stock Report

Market Cap

AU$54.1m

7D

0%

1Y

n/a

Updated

21 Oct, 2021

Data

Company Financials +
E33 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance0/6
Financial Health1/6
Dividends0/6

E33 Overview

East 33 Limited produces, processes, and supplies rock oysters in Australia.

East 33 Competitors

Angel Seafood Holdings

ASX:AS1

AU$22.6m

Price History & Performance

Summary of all time highs, changes and price drops for East 33
Historical stock prices
Current Share PriceAU$0.20
52 Week HighAU$0.17
52 Week LowAU$0.28
Beta0
1 Month Change2.63%
3 Month Changen/a
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-20.41%

Recent News & Updates

Shareholder Returns

E33AU FoodAU Market
7D0%-1.3%0.7%
1Yn/a1.4%21.4%

Return vs Industry: Insufficient data to determine how E33 performed against the Australian Food industry.

Return vs Market: Insufficient data to determine how E33 performed against the Australian Market.

Price Volatility

Is E33's price volatile compared to industry and market?
E33 volatility
E33 Beta0
Industry Beta0.55
Market Beta1

Stable Share Price: E33 is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: Insufficient data to determine E33's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2019n/an/ahttps://east33.sydney

East 33 Limited produces, processes, and supplies rock oysters in Australia. The company operates through, Oyster Farming and Sundry Units segments. It also engages in the selling of liquor to retail customers; provision of restaurant services; and online sales of oysters and complimentary products.

East 33 Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
E33 income statement (TTM)
RevenueAU$8.40m
Cost of RevenueAU$6.64m
Gross ProfitAU$1.76m
ExpensesAU$7.23m
Earnings-AU$5.48m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.02
Gross Margin20.94%
Net Profit Margin-65.23%
Debt/Equity Ratio259.3%

How did E33 perform over the long term?

See historical performance and comparison

Valuation

Is East 33 undervalued compared to its fair value and its price relative to the market?

5.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: E33 (A$0.2) is trading below our estimate of fair value (A$0.21)

Significantly Below Fair Value: E33 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: E33 is unprofitable, so we can't compare its PE Ratio to the Australian Food industry average.

PE vs Market: E33 is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate E33's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: E33 is overvalued based on its PB Ratio (10.3x) compared to the AU Food industry average (1.6x).


Future Growth

How is East 33 forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

32.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: E33 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: E33 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: E33's is expected to become profitable in the next 3 years.

Revenue vs Market: E33's revenue (20.6% per year) is forecast to grow faster than the Australian market (5.4% per year).

High Growth Revenue: E33's revenue (20.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: E33's Return on Equity is forecast to be low in 3 years time (16.9%).


Past Performance

How has East 33 performed over the past 5 years?

-132.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: E33 is currently unprofitable.

Growing Profit Margin: E33 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if E33's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare E33's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: E33 is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (45.2%).


Return on Equity

High ROE: E33 has a negative Return on Equity (-103.71%), as it is currently unprofitable.


Financial Health

How is East 33's financial position?


Financial Position Analysis

Short Term Liabilities: E33's short term assets (A$10.7M) do not cover its short term liabilities (A$31.6M).

Long Term Liabilities: E33's short term assets (A$10.7M) exceed its long term liabilities (A$3.6M).


Debt to Equity History and Analysis

Debt Level: E33's debt to equity ratio (259.3%) is considered high.

Reducing Debt: Insufficient data to determine if E33's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: E33's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if E33's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is East 33 current dividend yield, its reliability and sustainability?

3.72%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate E33's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate E33'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 E33's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if E33's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of E33'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?

0.3yrs

Average board tenure


CEO

East 33 has no CEO, or we have no data on them.


Board Members

Experienced Board: E33's board of directors are not considered experienced ( 0.3 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: E33 only recently listed within the past 12 months.


Top Shareholders

Company Information

East 33 Limited's employee growth, exchange listings and data sources


Key Information

  • Name: East 33 Limited
  • Ticker: E33
  • Exchange: ASX
  • Founded: 2019
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: AU$54.142m
  • Shares outstanding: 277.65m
  • Website: https://east33.sydney

Location

  • East 33 Limited
  • East 33 Worimi Country
  • 12 Point Road
  • Tuncurry
  • New South Wales
  • 2428
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:22
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.