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OGA

Ocean Grown AbaloneASX:OGA Stock Report

Market Cap

AU$15.7m

7D

0%

1Y

-14.3%

Updated

19 Oct, 2021

Data

Company Financials
OGA fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

OGA Overview

Ocean Grown Abalone Limited owns and operates an abalone sea ranching business in Australia, Asia, Europe, and North America.

Ocean Grown Abalone Competitors

Inghams Group

ASX:ING

AU$1.4b

Australian Agricultural

ASX:AAC

AU$874.0m

Tassal Group

ASX:TGR

AU$743.4m

Huon Aquaculture Group

ASX:HUO

AU$387.9m

Price History & Performance

Summary of all time highs, changes and price drops for Ocean Grown Abalone
Historical stock prices
Current Share PriceAU$0.078
52 Week HighAU$0.07
52 Week LowAU$0.10
Beta0.80
1 Month Change-2.50%
3 Month Change-13.33%
1 Year Change-14.29%
3 Year Change-46.21%
5 Year Changen/a
Change since IPO-68.80%

Recent News & Updates

Jan 11
Read This Before Buying Ocean Grown Abalone Limited (ASX:OGA) Shares

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...

Shareholder Returns

OGAAU FoodAU Market
7D0%-1.8%1.7%
1Y-14.3%0.7%20.2%

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.

Price Volatility

Is OGA's price volatile compared to industry and market?
OGA volatility
OGA Beta0.80
Industry Beta0.55
Market Beta1

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

FoundedEmployeesCEOWebsite
2011n/aRob Jordenhttps://www.oceangrown.com.au

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

How do Ocean Grown Abalone's earnings and revenue compare to its market cap?
OGA fundamental statistics
Market CapAU$15.66m
Earnings (TTM)-AU$1.68m
Revenue (TTM)AU$3.38m

4.6x

P/S Ratio

-9.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OGA income statement (TTM)
RevenueAU$3.38m
Cost of RevenueAU$2.76m
Gross ProfitAU$625.36k
ExpensesAU$2.31m
Earnings-AU$1.68m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0084
Gross Margin18.48%
Net Profit Margin-49.73%
Debt/Equity Ratio0.2%

How did OGA perform over the long term?

See historical performance and comparison

Valuation

Is Ocean Grown Abalone undervalued compared to its fair value and its price relative to the market?

1.14x

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).


Future Growth

How is Ocean Grown Abalone forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.6%

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.


Past Performance

How has Ocean Grown Abalone performed over the past 5 years?

-9.7%

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.


Financial Health

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.


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: 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.


Dividend

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.


Next Steps

Management

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

0.6yrs

Average management tenure


CEO

Rob Jorden

0.58

Tenure

AU$213,178

Compensation

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.


Leadership Team

Experienced Management: OGA's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: OGA's board of directors are considered experienced (8.3 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Ocean Grown Abalone Limited's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Ocean Grown Abalone Limited
  • Augusta Boat Harbour
  • Leeuwin Road
  • Augusta
  • Western Australia
  • 6290
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 07:03
End of Day Share Price2021/10/18 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.