ASX:MRG

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Imperfect balance sheet and overvalued.

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

Stable Share Price: MRG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-9.1%

MRG

0.2%

AU Food

0.5%

AU Market


1 Year Return

-87.0%

MRG

-9.6%

AU Food

-11.6%

AU Market

Return vs Industry: MRG underperformed the Australian Food industry which returned -9.6% over the past year.

Return vs Market: MRG underperformed the Australian Market which returned -11.6% over the past year.


Shareholder returns

MRGIndustryMarket
7 Day-9.1%0.2%0.5%
30 Day-23.1%2.3%-3.2%
90 Day-23.1%-0.4%1.1%
1 Year-87.0%-87.0%-7.1%-9.6%-8.3%-11.6%
3 Year-96.9%-96.9%-11.1%-18.0%17.1%2.1%
5 Yearn/a13.9%-0.6%44.8%14.3%

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 compared to its fair value and its price relative to the market?

1.07x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: MRG is unprofitable, so we can't compare its PE Ratio to the AU Food industry average.

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


Price to Book Ratio

PB vs Industry: MRG is good value based on its PB Ratio (1.1x) compared to the AU Food industry average (1.3x).


Next Steps

Future Growth

How is Murray River Organics Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.7%

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 River Organics Group 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 River Organics Group performed over the past 5 years?

-38.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MRG is currently unprofitable.

Growing Profit Margin: MRG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MRG is unprofitable, and losses have increased over the past 5 years at a rate of 38.9% per year.

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

Earnings vs Industry: MRG is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (-9.4%).


Return on Equity

High ROE: MRG has a negative Return on Equity (-189.79%), as it is currently unprofitable.


Next Steps

Financial Health

How is Murray River Organics Group's financial position?


Financial Position Analysis

Short Term Liabilities: MRG's short term assets (A$36.0M) exceed its short term liabilities (A$20.5M).

Long Term Liabilities: MRG's short term assets (A$36.0M) exceed its long term liabilities (A$33.9M).


Debt to Equity History and Analysis

Debt Level: MRG's debt to equity ratio (187.9%) is considered high.

Reducing Debt: Insufficient data to determine if MRG'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: MRG has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MRG has less than a year of cash runway if free cash flow continues to grow at historical rates of 13.9% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

2.8yrs

Average management tenure


CEO

Valentina Tripp (46 yo)

2.42yrs

Tenure

AU$1,055,484

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

Compensation vs Market: Valentina's total compensation ($USD772.12K) is above average for companies of similar size in the Australian market ($USD278.96K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Valentina Tripp
MD, CEO & Executive Director2.42yrsAU$1.06m0.12%
A$ 27.0k
Birol Akdogan
CFO & Company Secretaryno datano datano data
Adelyn Chee
Sales Managerno datano datano data
Patrick Roseman
Head of Salesno datano datano data
Rania Haidar
Head of People & Cultureno datano datano data
Bill Avery
Head of Agronomyno datano datano data
Tim Wilson
Head of Qualityno datano datano data
James Tudehope
Head of Packing & Processing Operations3.08yrsno datano data
Carlos Gutierrez
Head of Procurement & Global Account Manager ALDIno datano datano data
Daniel Turner
Head of Farming Operations3.08yrsno datano data
Peter Wolff
Head of Strategyno datano datano data
Carlie Hodges
Company Secretary2.33yrsno datano data

2.8yrs

Average Tenure

Experienced Management: MRG's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Valentina Tripp
MD, CEO & Executive Director2.42yrsAU$1.06m0.12%
A$ 27.0k
Stuart McNab
Non-Executive Director0.33yrAU$9.63kno data
Naseema Sparks
Independent Non-Executive Director0.25yrAU$4.72kno data
Andrew Monk
Non-Executive Independent Chairman2.67yrsAU$169.61k0.16%
A$ 35.4k
Paul McDonald
Non-Executive Director0.33yrAU$6.39kno data

0.3yrs

Average Tenure

Experienced Board: MRG's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


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 substantially diluted in the past year, with total shares outstanding growing by 408.5%.


Top Shareholders

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$22.057m
  • Shares outstanding: 2.21b
  • Website: https://www.murrayriverorganics.com.au

Number of Employees


Location

  • Murray River Organics Group Limited
  • 32 Crompton Way
  • Dandenong
  • 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, wine and table grapes, nuts, seeds, sweete ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/20 19:09
End of Day Share Price2020/09/18 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.