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MCA

Murray Cod AustraliaASX:MCA Stock Report

Last Price

AU$0.32

Market Cap

AU$233.4m

7D

-1.6%

1Y

70.3%

Updated

20 Jan, 2022

Data

Company Financials +
MCA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health4/6
Dividends0/6

MCA Stock Overview

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

Murray Cod Australia Competitors

Inghams Group

ASX:ING

AU$1.2b

Australian Agricultural

ASX:AAC

AU$916.2m

Tassal Group

ASX:TGR

AU$739.1m

Seafarms Group

ASX:SFG

AU$159.6m

Price History & Performance

Summary of all time highs, changes and price drops for Murray Cod Australia
Historical stock prices
Current Share PriceAU$0.32
52 Week HighAU$0.48
52 Week LowAU$0.17
Beta0.17
1 Month Change-1.56%
3 Month Change-14.87%
1 Year Change70.27%
3 Year Change80.00%
5 Year Changen/a
Change since IPO443.10%

Recent News & Updates

May 31
Murray Cod Australia's (ASX:MCA) Returns On Capital Are Heading Higher

Murray Cod Australia's (ASX:MCA) Returns On Capital Are Heading Higher

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Mar 10
Murray Cod Australia Limited's (ASX:MCA) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?

Murray Cod Australia Limited's (ASX:MCA) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?

Murray Cod Australia's (ASX:MCA) stock is up by a considerable 40% over the past three months. Given that stock prices...

Shareholder Returns

MCAAU FoodAU Market
7D-1.6%-0.5%-1.7%
1Y70.3%-0.9%7.7%

Return vs Industry: MCA exceeded the Australian Food industry which returned -0.9% over the past year.

Return vs Market: MCA exceeded the Australian Market which returned 7.7% over the past year.

Price Volatility

Is MCA's price volatile compared to industry and market?
MCA volatility
MCA Average Weekly Movement6.0%
Food Industry Average Movement6.0%
Market Average Movement8.5%
10% most volatile stocks in AU Market15.3%
10% least volatile stocks in AU Market3.6%

Stable Share Price: MCA is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MCA's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2001n/aMatthew Ryanhttps://www.aquna.com

Murray Cod Australia Limited, together with its subsidiaries, engages in the breeding, growing, and marketing of Murray Cod fish in Australia. It also involved in the breeding and selling of Murray Cod, Golden Perch and Silver Perch as fingerlings. In addition, the company also constructs and sells aquaculture equipment.

Murray Cod Australia Fundamentals Summary

How do Murray Cod Australia's earnings and revenue compare to its market cap?
MCA fundamental statistics
Market CapAU$233.40m
Earnings (TTM)-AU$1.16m
Revenue (TTM)AU$9.72m

24.8x

P/S Ratio

-207.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MCA income statement (TTM)
RevenueAU$9.72m
Cost of RevenueAU$2.38m
Gross ProfitAU$7.34m
ExpensesAU$8.51m
Earnings-AU$1.16m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0015
Gross Margin75.54%
Net Profit Margin-11.98%
Debt/Equity Ratio0.1%

How did MCA perform over the long term?

See historical performance and comparison

Valuation

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

38.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MCA (A$0.32) is trading below our estimate of fair value (A$0.51)

Significantly Below Fair Value: MCA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MCA is unprofitable, so we can't compare its PE Ratio to the Australian 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 (7.6x) compared to the AU Food industry average (1.5x).


Future Growth

How is Murray Cod Australia forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

100.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: MCA's revenue (38.5% per year) is forecast to grow faster than the Australian market (4.9% per year).

High Growth Revenue: MCA's revenue (38.5% 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 (14.8%).


Past Performance

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

36.1%

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 36.1% 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 (106.9%).


Return on Equity

High ROE: MCA has a negative Return on Equity (-3.65%), as it is currently unprofitable.


Financial Health

How is Murray Cod Australia's financial position?


Financial Position Analysis

Short Term Liabilities: MCA's short term assets (A$20.2M) exceed its short term liabilities (A$2.3M).

Long Term Liabilities: MCA's short term assets (A$20.2M) exceed its long term liabilities (A$6.4M).


Debt to Equity History and Analysis

Debt Level: MCA has more cash than its total debt.

Reducing Debt: MCA had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


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 less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MCA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 23.2% each year


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?

6.0yrs

Average management tenure


CEO

Matthew Ryan

5.08yrs

Tenure

AU$322,372

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 ($USD232.78K) is below average for companies of similar size in the Australian market ($USD531.48K).

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


Leadership Team

Experienced Management: MCA's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: MCA's board of directors are considered experienced (5.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MCA insiders have sold more shares than they have bought 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 35.5%.


Top Shareholders

Company Information

Murray Cod Australia Limited's 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
  • Implied Market Cap: AU$233.402m
  • Shares outstanding: 765.25m
  • Website: https://www.aquna.com

Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 07:03
End of Day Share Price2022/01/20 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.