Ocean Grown Abalone Limited owns and operates an abalone sea ranching business in Australia, Asia, Europe, and North America.
Ocean Grown Abalone Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.078|
|52 Week High||AU$0.07|
|52 Week Low||AU$0.10|
|1 Month Change||-2.50%|
|3 Month Change||-13.33%|
|1 Year Change||-14.29%|
|3 Year Change||-46.21%|
|5 Year Change||n/a|
|Change since IPO||-68.80%|
Recent News & Updates
Read This Before Buying Ocean Grown Abalone Limited (ASX:OGA) Shares
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...
|OGA||AU Food||AU Market|
Return vs Industry: OGA underperformed the Australian Food industry which returned 0.8% over the past year.
Return vs Market: OGA underperformed the Australian Market which returned 20.3% over the past year.
Stable Share Price: OGA is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: OGA's weekly volatility (9%) has been stable over the past year.
About the Company
Ocean Grown Abalone Limited owns and operates an abalone sea ranching business in Australia, Asia, Europe, and North America. It develops its sea ranching for aquaculture. The company produces wild, ocean grown, and green lip abalones.
Ocean Grown Abalone Fundamentals Summary
|OGA fundamental statistics|
Is OGA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|OGA income statement (TTM)|
|Cost of Revenue||AU$2.76m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0084|
|Net Profit Margin||-49.73%|
How did OGA perform over the long term?See historical performance and comparison
Is Ocean Grown Abalone undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate OGA's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate OGA's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: OGA is unprofitable, so we can't compare its PE Ratio to the Australian Food industry average.
PE vs Market: OGA 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 OGA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: OGA is good value based on its PB Ratio (1.1x) compared to the AU Food industry average (1.6x).
How is Ocean Grown Abalone forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Ocean Grown Abalone 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.
How has Ocean Grown Abalone performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OGA is currently unprofitable.
Growing Profit Margin: OGA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: OGA is unprofitable, and losses have increased over the past 5 years at a rate of 9.7% per year.
Accelerating Growth: Unable to compare OGA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: OGA is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (45.2%).
Return on Equity
High ROE: OGA has a negative Return on Equity (-12.26%), as it is currently unprofitable.
How is Ocean Grown Abalone's financial position?
Financial Position Analysis
Short Term Liabilities: OGA's short term assets (A$7.3M) exceed its short term liabilities (A$1.0M).
Long Term Liabilities: OGA's short term assets (A$7.3M) exceed its long term liabilities (A$884.0K).
Debt to Equity History and Analysis
Debt Level: OGA's debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: OGA had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: Whilst unprofitable OGA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: OGA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 15.1% per year.
What is Ocean Grown Abalone current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate OGA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate OGA'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 OGA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if OGA'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 OGA's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Robert Jorden, also known as Rob, serves as Chief Executive Officer at Ocean Grown Abalone Limited since March 09, 2021. He has to initially focus on the Augusta ranching activities and sales and marke...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD157.99K) is below average for companies of similar size in the Australian market ($USD301.95K).
Compensation vs Earnings: Insufficient data to compare Rob's compensation with company performance.
Experienced Management: OGA's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.
Experienced Board: OGA's board of directors are considered experienced (8.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: OGA insiders have bought and sold the same number of shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ocean Grown Abalone Limited's employee growth, exchange listings and data sources
- Name: Ocean Grown Abalone Limited
- Ticker: OGA
- Exchange: ASX
- Founded: 2011
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: AU$15.658m
- Shares outstanding: 200.74m
- Website: https://www.oceangrown.com.au
Number of Employees
- Ocean Grown Abalone Limited
- Augusta Boat Harbour
- Leeuwin Road
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 07:03|
|End of Day Share Price||2021/10/18 00:00|
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.