ASX:MCA

Stock Analysis Report

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Executive Summary

Murray Cod Australia Limited, together with its subsidiaries, engages in the breeding, growing, and marketing of Murray Cod fish in Australia. More Details


Snowflake Analysis

High growth potential with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events

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

Volatility Over Time: MCA's weekly volatility (11%) has been stable over the past year.


Market Performance


7 Day Return

11.8%

MCA

-1.7%

AU Food

2.3%

AU Market


1 Year Return

31.0%

MCA

9.7%

AU Food

-0.3%

AU Market

Return vs Industry: MCA exceeded the Australian Food industry which returned 9.7% over the past year.

Return vs Market: MCA exceeded the Australian Market which returned -0.3% over the past year.


Shareholder returns

MCAIndustryMarket
7 Day11.8%-1.7%2.3%
30 Day2.7%1.6%7.2%
90 Day35.7%6.9%8.7%
1 Year31.0%31.0%12.4%9.7%3.1%-0.3%
3 Year201.6%201.6%-13.1%-20.0%24.2%8.8%
5 Yearn/a11.8%-2.9%55.4%24.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1583.33x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MCA's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MCA's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MCA is poor value based on its PE Ratio (1583.3x) compared to the AU Food industry average (25.5x).

PE vs Market: MCA is poor value based on its PE Ratio (1583.3x) compared to the Australian market (22.7x).


Price to Earnings Growth Ratio

PEG Ratio: MCA is poor value based on its PEG Ratio (16.7x)


Price to Book Ratio

PB vs Industry: MCA is overvalued based on its PB Ratio (3.3x) compared to the AU Food industry average (1.5x).


Next Steps

Future Growth

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

94.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MCA's forecast earnings growth (94.6% per year) is above the savings rate (2.3%).

Earnings vs Market: MCA's earnings (94.6% per year) are forecast to grow faster than the Australian market (17.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MCA's revenue (49.7% per year) is forecast to grow faster than the Australian market (5.1% per year).

High Growth Revenue: MCA's revenue (49.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MCA's Return on Equity is forecast to be low in 3 years time (10.7%).


Next Steps

Past Performance

How has Murray Cod Australia performed over the past 5 years?

18.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MCA has a high level of non-cash earnings.

Growing Profit Margin: MCA became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MCA has become profitable over the past 5 years, growing earnings by 18.8% per year.

Accelerating Growth: MCA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MCA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Food industry (-13.2%).


Return on Equity

High ROE: MCA's Return on Equity (0.2%) is considered low.


Next Steps

Financial Health

How is Murray Cod Australia's financial position?


Financial Position Analysis

Short Term Liabilities: MCA's short term assets (A$19.7M) exceed its short term liabilities (A$1.4M).

Long Term Liabilities: MCA's short term assets (A$19.7M) exceed its long term liabilities (A$3.3M).


Debt to Equity History and Analysis

Debt Level: MCA's debt to equity ratio (0.03%) is considered satisfactory.

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

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

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


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if MCA'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 MCA'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?

4.8yrs

Average management tenure


CEO

Matthew Ryan

3.92yrs

Tenure

AU$164,250

Compensation

Mr. Matthew John Ryan has been Managing Director and Executive Director of Murray Cod Australia Limited since December 16, 2016. . With over21 years’ experiencein the aquaculture andagriculture industries,...


CEO Compensation Analysis

Compensation vs Market: Matthew's total compensation ($USD120.75K) is below average for companies of similar size in the Australian market ($USD277.79K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Ross Anderson
Executive Chairman5yrsAU$190.70k2.4%
A$ 2.6m
Matthew Ryan
MD & Executive Director3.92yrsAU$164.25k15.69%
A$ 16.8m
Brett Tucker
Company Secretary4.83yrsno datano data
Wendy Dillon
Company Secretary4.83yrsno datano data
Paul Hardy-Smith
Consultant3.92yrsno datano data
Paul Van Der Werf
Consultant4.83yrsno datano data

4.8yrs

Average Tenure

Experienced Management: MCA's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ross Anderson
Executive Chairman5yrsAU$190.70k2.4%
A$ 2.6m
Matthew Ryan
MD & Executive Director3.92yrsAU$164.25k15.69%
A$ 16.8m
Martin Priestley
Independent Non-Executive Director8.08yrsAU$30.00k0.71%
A$ 760.0k
George Commins
Non-Executive Director3.83yrsAU$32.85k5.61%
A$ 6.0m

4.5yrs

Average Tenure

Experienced Board: MCA's board of directors are considered experienced (4.5 years average tenure).


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: Shareholders have been diluted in the past year, with total shares outstanding growing by 23.8%.


Top Shareholders

Company Information

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


Key Information

  • Name: Murray Cod Australia Limited
  • Ticker: MCA
  • Exchange: ASX
  • Founded: 2001
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: AU$107.329m
  • Shares outstanding: 564.89m
  • Website: https://www.aquna.com

Location

  • Murray Cod Australia Limited
  • 153 Yambil Street
  • Level 1
  • Griffith
  • New South Wales
  • 2680
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MCAASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 2017
MCACHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 2017

Biography

Murray Cod Australia Limited, together with its subsidiaries, engages in the breeding, growing, and marketing of Murray Cod fish in Australia. The company also constructs and sells aquaculture equipment. I...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/25 10:39
End of Day Share Price2020/11/25 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.