company background image
MCA

Murray Cod Australia ASX:MCA Stock Report

Last Price

AU$0.17

Market Cap

AU$137.7m

7D

13.3%

1Y

-46.9%

Updated

09 Aug, 2022

Data

Company Financials +
MCA fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance0/6
Financial Health6/6
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

Price History & Performance

Summary of all time highs, changes and price drops for Murray Cod Australia
Historical stock prices
Current Share PriceAU$0.17
52 Week HighAU$0.41
52 Week LowAU$0.14
Beta0.27
1 Month Change-22.73%
3 Month Change-15.00%
1 Year Change-46.88%
3 Year Change-5.56%
5 Year Change150.00%
Change since IPO193.10%

Recent News & Updates

Apr 28
Murray Cod Australia (ASX:MCA) May Not Be Profitable But It Seems To Be Managing Its Debt Just Fine, Anyway

Murray Cod Australia (ASX:MCA) May Not Be Profitable But It Seems To Be Managing Its Debt Just Fine, Anyway

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

Shareholder Returns

MCAAU FoodAU Market
7D13.3%3.8%0.7%
1Y-46.9%-12.3%-8.0%

Return vs Industry: MCA underperformed the Australian Food industry which returned -12.3% over the past year.

Return vs Market: MCA underperformed the Australian Market which returned -8% over the past year.

Price Volatility

Is MCA's price volatile compared to industry and market?
MCA volatility
MCA Average Weekly Movement15.1%
Food Industry Average Movement6.6%
Market Average Movement10.5%
10% most volatile stocks in AU Market17.6%
10% least volatile stocks in AU Market4.6%

Stable Share Price: MCA is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: MCA's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Australian stocks.

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 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$137.75m
Earnings (TTM)-AU$4.75m
Revenue (TTM)AU$10.37m

12.5x

P/S Ratio

-27.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MCA income statement (TTM)
RevenueAU$10.37m
Cost of RevenueAU$5.02m
Gross ProfitAU$5.35m
Other ExpensesAU$10.09m
Earnings-AU$4.75m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0062
Gross Margin51.55%
Net Profit Margin-45.79%
Debt/Equity Ratio5.8%

How did MCA perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is MCA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MCA?

Other financial metrics that can be useful for relative valuation.

MCA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue11.5x
Enterprise Value/EBITDA-23x
PEG Ration/a

Price to Sales Ratio vs Peers

How does MCA's PS Ratio compare to its peers?

MCA PS Ratio vs Peers
The above table shows the PS ratio for MCA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.9x
MBH Maggie Beer Holdings
1.2xn/aAU$112.6m
CSS Clean Seas Seafood
1.7x10.8%AU$96.7m
BFC Beston Global Food
0.5xn/aAU$65.6m
NOU Noumi
0.1xn/aAU$66.5m
MCA Murray Cod Australia
12.5x70.5%AU$137.7m

Price-To-Sales vs Peers: MCA is expensive based on its Price-To-Sales Ratio (12.5x) compared to the peer average (0.9x).


Price to Earnings Ratio vs Industry

How does MCA's PE Ratio compare vs other companies in the AU Food Industry?

Price-To-Sales vs Industry: MCA is expensive based on its Price-To-Sales Ratio (12.5x) compared to the Australian Food industry average (1.6x)


Price to Sales Ratio vs Fair Ratio

What is MCA's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MCA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio12.5x
Fair PS Ratio24.2x

Price-To-Sales vs Fair Ratio: MCA is good value based on its Price-To-Sales Ratio (12.5x) compared to the estimated Fair Price-To-Sales Ratio (24.2x).


Share Price vs Fair Value

What is the Fair Price of MCA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate MCA's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate MCA's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

Future Growth

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

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


59.6%

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 (1.8%).

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 is expected to become profitable in the next 3 years.

Revenue vs Market: MCA's revenue (70.5% per year) is forecast to grow faster than the Australian market (5.6% per year).

High Growth Revenue: MCA's revenue (70.5% 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 (12.3%).


Discover growth companies

Past Performance

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

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


29.8%

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 29.8% 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 (82.3%).


Return on Equity

High ROE: MCA has a negative Return on Equity (-7.79%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Murray Cod Australia's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: MCA's short term assets (A$49.3M) exceed its short term liabilities (A$3.7M).

Long Term Liabilities: MCA's short term assets (A$49.3M) exceed its long term liabilities (A$10.9M).


Debt to Equity History and Analysis

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

Reducing Debt: MCA's debt to equity ratio has reduced from 18.5% to 5.8% 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 more than 3 years if free cash flow continues to reduce at historical rates of 22.4% each year


Discover healthy companies

Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MCA has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.6yrs

Average management tenure


CEO

Matthew Ryan

5.67yrs

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 ($USD225.66K) is about average for companies of similar size in the Australian market ($USD279.73K).

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 (6.6 years average tenure).


Board Members

Experienced Board: MCA's board of directors are considered experienced (6.2 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: Shareholders have been diluted in the past year, with total shares outstanding growing by 34.6%.


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$137.746m
  • Shares outstanding: 765.25m
  • Website: https://www.aquna.com

Location

  • Murray Cod Australia Limited
  • 2 – 4 Lasscock Road
  • 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 Analysis2022/08/09 00:00
End of Day Share Price2022/08/09 00:00
Earnings2021/12/31
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.