ASX:MRG

Stock Analysis Report

Executive Summary

Murray River Organics Group Limited produces, markets, and sells organic and natural food products primarily in Australia.

Snowflake

Fundamentals

Reasonable growth potential and overvalued.

Risks

  • Murray River Organics Group is covered by less than 3 analysts.

Share Price & News

How has Murray River Organics Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-12.8%

ASX:MRG

0.2%

AU Food

0.5%

AU Market


1 Year Return

n/a

ASX:MRG

-16.8%

AU Food

6.3%

AU Market

No trading data on MRG.

No trading data on MRG.


Share holder returns

MRGIndustryMarket
7 Day-12.8%0.2%0.5%
30 Day-6.3%3.0%4.5%
90 Day-2.6%-3.7%2.5%
1 Yearn/a-14.8%-16.8%12.4%6.3%
3 Yearn/a-2.9%-7.8%41.3%22.3%
5 Yearn/a34.5%23.0%47.8%14.7%

Price Volatility Vs. Market

How volatile is Murray River Organics Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Murray River Organics Group undervalued based on future cash flows and its price relative to the stock market?

0.92x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Murray River Organics Group to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Murray River Organics Group to establish if it is available at substantial discount.


Price Based on Earnings

Murray River Organics Group is loss making, we can't compare its value to the AU Food industry average.

Murray River Organics Group is loss making, we can't compare the value of its earnings to the Australia market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Murray River Organics Group, we can't assess if its growth is good value.


Price Based on Value of Assets

Murray River Organics Group is good value based on assets compared to the AU Food industry average.


Next Steps

Future Growth

How is Murray River Organics Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

76.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Murray River Organics Group's revenue is expected to grow by 19.5% yearly, however this is not considered high growth (20% yearly).

Murray River Organics Group's earnings are expected to grow significantly at over 20% yearly.

Murray River Organics Group's revenue growth is expected to exceed the Australia market average.

Murray River Organics Group's earnings growth is expected to exceed the Australia market average.

Murray River Organics Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.


Earnings per Share Growth Estimates


Future Return on Equity

Murray River Organics Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Murray River Organics Group performed over the past 5 years?

-52.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Murray River Organics Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Murray River Organics Group's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Murray River Organics Group's 1-year growth to the AU Food industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Murray River Organics Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Murray River Organics Group has efficiently used its assets last year compared to the AU Food industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Murray River Organics Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Murray River Organics Group's financial position?


Financial Position Analysis

Murray River Organics Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Murray River Organics Group's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Murray River Organics Group's level of debt (107%) compared to net worth is high (greater than 40%).

Unable to establish if Murray River Organics Group's debt level has increased without past 5-year debt data.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.1x debt.


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.

Murray River Organics Group has less than a year of cash runway based on current free cash flow.

Murray River Organics Group has less than a year of cash runway if free cash flow continues to reduce at historical rates of -7.1% each year.


Next Steps

Dividend

What is Murray River Organics Group's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Murray River Organics Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Murray River Organics Group's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Murray River Organics Group has not reported any payouts.

Unable to verify if Murray River Organics Group's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Murray River Organics Group has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Murray River Organics Group's salary, the management and board of directors tenure and is there insider trading?

1.9yrs

Average management tenure


CEO

Valentina Tripp (45yo)

1.4yrs

Tenure

AU$699,472

Compensation

Ms. Valentina Tripp, MBA, B.Com, CPA, MAICD, was Independent Non-Executive Director at Capilano Honey Ltd since May 01, 2018 until December 05, 2018. She has been Managing Director and Chief Executive Offi ...


CEO Compensation Analysis

Valentina's remuneration is higher than average for companies of similar size in Australia.

Valentina's compensation has increased whilst company is loss making.


Management Age and Tenure

1.9yrs

Average Tenure

The average tenure for the Murray River Organics Group management team is less than 2 years, this suggests a new team.


Board Age and Tenure

1.5yrs

Average Tenure

46yo

Average Age

The average tenure for the Murray River Organics Group board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyAU$15,80006 Jun 19
Michael Porter
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares200,000
Max PriceAU$0.079
BuyAU$30,00005 Apr 19
Andrew Monk
EntityIndividual
Role
Chairman of the Board
Non-Executive Independent Chairman
Shares333,333
Max PriceAU$0.09
BuyAU$18,00003 Apr 19
Valentina Tripp
EntityIndividual
Role
Chief Executive Officer
MD, CEO & Executive Director
Shares200,000
Max PriceAU$0.09
BuyAU$2,43103 Dec 18
Andrew Monk
EntityIndividual
Role
Chairman of the Board
Non-Executive Independent Chairman
Shares27,012
Max PriceAU$0.09
BuyAU$53,91703 Dec 18
Andrew Monk
EntityIndividual
Role
Chairman of the Board
Non-Executive Independent Chairman
Shares572,988
Max PriceAU$0.095
BuyAU$17,80016 Nov 18
Michael Porter
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares200,000
Max PriceAU$0.089
BuyAU$57,20002 Nov 18
Andrew Monk
EntityIndividual
Role
Chairman of the Board
Non-Executive Independent Chairman
Shares572,000
Max PriceAU$0.10
BuyAU$100,00002 Nov 18
Michael Porter
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares1,000,000
Max PriceAU$0.10
BuyAU$50,00002 Nov 18
Keith Mentiplay
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Independent Director
Shares500,000
Max PriceAU$0.10
BuyAU$200,00002 Nov 18
Valentina Tripp
EntityIndividual
Role
Chief Executive Officer
MD, CEO & Executive Director
Shares2,000,000
Max PriceAU$0.10

Ownership Breakdown


Management Team

  • Albert Zago

    Chief Financial Officer

    • Tenure: 1.7yrs
    • Compensation: AU$345.56k
  • Bill Avery

    Head of Agronomy

    • Tenure: 0yrs
  • Tim Wilson

    Head of Quality

    • Tenure: 0yrs
  • James Tudehope

    Head of Packing & Processing Operations

    • Tenure: 2.1yrs
  • Carlos Gutierrez

    Head of Procurement & Global Account Manager ALDI

    • Tenure: 0yrs
  • Adelyn Chee

    Sales Manager

    • Tenure: 0yrs
  • Valentina Tripp (45yo)

    MD, CEO & Executive Director

    • Tenure: 1.4yrs
    • Compensation: AU$699.47k
  • Daniel Turner

    Head of Farming Operations

    • Tenure: 2.1yrs
  • Patrick Roseman

    Head of Sales

    • Tenure: 0yrs
  • Rania Haidar

    Head of People & Culture

    • Tenure: 0yrs

Board Members

  • Tony Dynon (66yo)

    Non-Executive Independent Director

    • Tenure: 0.5yrs
    • Compensation: AU$25.38k
  • Michael Porter (46yo)

    Independent Non-Executive Director

    • Tenure: 1.4yrs
    • Compensation: AU$72.55k
  • Valentina Tripp (45yo)

    MD, CEO & Executive Director

    • Tenure: 1.4yrs
    • Compensation: AU$699.47k
  • Andrew Monk

    Non-Executive Independent Chairman

    • Tenure: 1.7yrs
    • Compensation: AU$120.47k
  • Keith Mentiplay

    Non-Executive Independent Director

    • Tenure: 1.7yrs
    • Compensation: AU$81.13k

Company Information

Murray River Organics Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Murray River Organics Group Limited
  • Ticker: MRG
  • Exchange: ASX
  • Founded: 2010
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: AU$32.532m
  • Shares outstanding: 433.76m
  • Website: https://www.murrayriverorganics.com.au

Number of Employees


Location

  • Murray River Organics Group Limited
  • 32 Crompton Way
  • Dandenong South
  • Victoria
  • 3175
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MRGASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2016
MRGCHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2016

Biography

Murray River Organics Group Limited produces, markets, and sells organic and natural food products primarily in Australia. Its products include dried vine fruits, table grapes, nuts, seeds, dried berries,  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 10:46
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
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.