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.

Risk Analysis

Does not have a meaningful market cap (A$73M)



Snowflake Analysis

Excellent balance sheet with weak fundamentals.

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

4.0%

MCA

-1.4%

AU Food

0.2%

AU Market


1 Year Return

-31.6%

MCA

-17.1%

AU Food

-7.8%

AU Market

Return vs Industry: MCA underperformed the Australian Food industry which returned -17.1% over the past year.

Return vs Market: MCA underperformed the Australian Market which returned -7.8% over the past year.


Shareholder returns

MCAIndustryMarket
7 Day4.0%-1.4%0.2%
30 Day0%-3.1%0.4%
90 Day13.0%-4.3%13.3%
1 Year-31.6%-31.6%-8.2%-17.1%-4.1%-7.8%
3 Year85.7%85.7%-11.4%-24.3%17.3%1.8%
5 Yearn/a13.2%-11.2%38.1%8.2%

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?

1.87x

Price to Book (PB) 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 unprofitable, so we can't compare its PE Ratio to the AU Food industry average.

PE vs Market: MCA 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 MCA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MCA is overvalued based on its PB Ratio (1.9x) compared to the AU Food industry average (1.1x).


Next Steps

Future Growth

How is Murray Cod Australia forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.3%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Murray Cod Australia has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

5.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MCA is currently unprofitable.

Growing Profit Margin: MCA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MCA is unprofitable, but has reduced losses over the past 5 years at a rate of 5.2% per year.

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

Earnings vs Industry: MCA is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (-8.8%).


Return on Equity

High ROE: MCA has a negative Return on Equity (-11.75%), as it is currently unprofitable.


Next Steps

Financial Health

How is Murray Cod Australia's financial position?


Financial Position Analysis

Short Term Liabilities: MCA's short term assets (A$24.7M) exceed its short term liabilities (A$1.2M).

Long Term Liabilities: MCA's short term assets (A$24.7M) exceed its long term liabilities (A$3.3M).


Debt to Equity History and Analysis

Debt Level: MCA's debt to equity ratio (0.09%) is considered satisfactory.

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


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MCA has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MCA has sufficient cash runway for 1.9 years if free cash flow continues to reduce at historical rates of 28.7% each year.


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?

3.7yrs

Average management tenure


CEO

Matthew Ryan

3.67yrs

Tenure

AU$1,349,321

Compensation

Mr. Matthew John Ryan has been Managing Director and Executive Director of Murray Cod Australia Limited since December 16, 2016. Mr. Ryan serves as the Managing Director of the Bidgee and Riverina Aquacult ...


CEO Compensation Analysis

Compensation vs Market: Matthew's total compensation ($USD964.70K) is above average for companies of similar size in the Australian market ($USD269.15K).

Compensation vs Earnings: Matthew's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Ross Anderson
Executive Chairman4.75yrsAU$575.95k2.4%
A$ 1.8m
Matthew Ryan
MD & Executive Director3.67yrsAU$1.35m15.71%
A$ 11.5m
Brett Tucker
Company Secretary4.58yrsno datano data
Wendy Dillon
Company Secretary4.58yrsno datano data
Paul Hardy-Smith
Consultant3.67yrsno datano data
Paul Van Der Werf
Consultant3.67yrsno datano data

3.7yrs

Average Tenure

Experienced Management: MCA's management team is considered experienced (3.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ross Anderson
Executive Chairman4.75yrsAU$575.95k2.4%
A$ 1.8m
Matthew Ryan
MD & Executive Director3.67yrsAU$1.35m15.71%
A$ 11.5m
Martin Priestley
Non-Executive Director7.83yrsAU$278.60k0.71%
A$ 520.0k
George Commins
Non-Executive Director3.58yrsAU$549.49k5.62%
A$ 4.1m

4.2yrs

Average Tenure

Experienced Board: MCA's board of directors are considered experienced (4.2 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: Insufficient data to determine if shareholders have been diluted in the past year.


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:
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: AU$73.304m
  • Shares outstanding: 563.87m
  • 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 Analysis2020/08/06 10:32
End of Day Share Price2020/08/06 00:00
Earnings2019/12/31
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.