MUN:O1F

Stock Analysis Report

Executive Summary

Oceana Group Limited operates as a fishing company.

Snowflake

Fundamentals

Very undervalued with solid track record and pays a dividend.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

MUN:O1F

3.3%

DE Food

2.6%

DE Market


1 Year Return

n/a

MUN:O1F

4.7%

DE Food

-9.6%

DE Market

No trading data on O1F.

No trading data on O1F.


Share holder returns

O1FIndustryMarket
7 Day0%3.3%2.6%
30 Day0%6.1%-3.0%
90 Day0%6.0%-1.4%
1 Yearn/a6.2%4.7%-6.8%-9.6%
3 Yearn/a-8.8%-14.4%11.0%1.5%
5 Yearn/a34.0%22.1%25.6%8.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Oceana Group's share price is below the future cash flow value, and at a moderate discount (> 20%).

Oceana Group's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Oceana Group is good value based on earnings compared to the DE Food industry average.

Oceana Group is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Oceana Group is good value based on expected growth next year.


Price Based on Value of Assets

Oceana Group is good value based on assets compared to the DE Food industry average.


Next Steps

Future Growth

How is Oceana Group expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

11.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Oceana Group's revenue is expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).

Oceana Group's earnings are expected to grow by 11% yearly, however this is not considered high growth (20% yearly).

Oceana Group's revenue growth is expected to exceed the Germany market average.

Oceana Group's earnings growth is positive but not above the Germany market average.

Oceana Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has Oceana Group performed over the past 5 years?

6.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Oceana Group's year on year earnings growth rate has been positive over the past 5 years.

Oceana Group's 1-year earnings growth exceeds its 5-year average (28.8% vs 6.9%)

Oceana Group's earnings growth has exceeded the DE Food industry average in the past year (28.8% vs 11.3%).


Return on Equity

Oceana Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Oceana Group used its assets more efficiently than the DE Food industry average last year based on Return on Assets.


Return on Capital Employed

Oceana Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Oceana Group's financial position?


Financial Position Analysis

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

Oceana Group's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Oceana Group's level of debt (75.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (7.8% vs 75.8% today).

Debt is not well covered by operating cash flow (16%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 4.4x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.9x debt.


Next Steps

Dividend

What is Oceana Group's current dividend yield, its reliability and sustainability?

6.71%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Oceana Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).

Oceana Group's dividend is above the markets top 25% of dividend payers in Germany (3.89%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.5x coverage).


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Imraan Soomra (44yo)

1.4yrs

Tenure

SAR10,819,000

Compensation

Mr. Imraan Soomra, BCompt (Hons) (Wits), CA(SA), PLD Harvard Business School, has been Chief Executive Officer of Oceana Group Ltd since August 1, 2018. Mr. Soomra served as the Interim Chief Executive Off ...


CEO Compensation Analysis

Imraan's remuneration is about average for companies of similar size in Germany.

Imraan's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.3yrs

Average Tenure

49yo

Average Age

The tenure for the Oceana Group management team is about average.


Board Age and Tenure

7.3yrs

Average Tenure

55yo

Average Age

The tenure for the Oceana Group board of directors is about average.


Insider Trading

No 3 month individual insider trading information.


Recent Insider Transactions

SellSAR201,508,69530 Apr 19
Tiger Brands Limited
EntityCompany
Shares49,104,774
Max PriceSAR4.10

Ownership Breakdown


Management Team

  • Neville Brink (59yo)

    Managing Director of Blue Continent Products

    • Tenure: 8.4yrs
  • Imraan Soomra (44yo)

    CEO & Executive Director

    • Tenure: 1.4yrs
    • Compensation: SAR10.82m
  • Lourens de Waal (53yo)

    Managing Director of Lucky Star Marketing & Sales

    • Tenure: 3.2yrs
  • Suleiman Salie (52yo)

    Managing Director of Lucky Star Operations

    • Tenure: 8.6yrs
  • Jillian Marais (47yo)

    Group Executive of Risk & Compliance

    • Tenure: 0.8yrs
  • Elton Bosch (42yo)

    CFO & Director

    • Tenure: 0.1yrs
  • Naudé Rademan (41yo)

    Managing Director of CCS Logistics

    • Tenure: 4.7yrs
  • Jay Erskin (52yo)

    President of Daybrook Fisheries

    • Tenure: 0.1yrs
  • Jayesh Jaga (49yo)

    Managing Director of Oceana Lobster & Squid

    • Tenure: 3.2yrs
  • Adela Fortune

    Company Secretary

    • Tenure: 0.1yrs

Board Members

  • Mustaq Enus-Brey (65yo)

    Non-Executive Chairman

    • Tenure: 13.4yrs
    • Compensation: SAR745.00k
  • Shams Pather (69yo)

    Lead Independent Director

    • Tenure: 0.0yrs
    • Compensation: SAR660.00k
  • Nomahlubi Simamane (60yo)

    Independent Non Executive Director

    • Tenure: 9.8yrs
    • Compensation: SAR462.00k
  • Peter de Beyer (63yo)

    Independent Non Executive Director

    • Tenure: 11.2yrs
    • Compensation: SAR538.00k
  • Imraan Soomra (44yo)

    CEO & Executive Director

    • Tenure: 1.4yrs
    • Compensation: SAR10.82m
  • Zarina Bibi Bassa (55yo)

    Independent Non Executive Director

    • Tenure: 8.5yrs
    • Compensation: SAR496.00k
  • Nisaar Pangarker (48yo)

    Independent Non-Executive Director

    • Tenure: 0.3yrs
  • Elton Bosch (42yo)

    CFO & Director

    • Tenure: 0.1yrs
  • Lesego Sennelo (41yo)

    Independent Non-Executive Director

    • Tenure: 0.3yrs

Company Information

Oceana Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Oceana Group Limited
  • Ticker: O1F
  • Exchange: MUN
  • Founded: 1918
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: SAR8.037b
  • Listing Market Cap: SAR505.944m
  • Shares outstanding: 116.87m
  • Website: https://www.oceana.co.za

Number of Employees


Location

  • Oceana Group Limited
  • Oceana House
  • 7th Floor
  • Cape Town
  • Western Cape
  • 8001
  • South Africa

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OCGNMSE (Namibian Stock Exchange)YesOrdinary SharesNAZARJan 1992
OCEJSE (The Johannesburg Securities Exchange)YesOrdinary SharesZAZARJan 1992
O1FMUN (Boerse Muenchen)YesOrdinary SharesDEEURJan 1992

Biography

Oceana Group Limited operates as a fishing company. It engages in the catching, procuring, processing, marketing, and distribution of canned fish, fishmeal, fish oil, horse mackerel, hake, lobster, and squ ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/27 22:44
End of Day Share Price2019/04/29 00:00
Earnings2019/03/31
Annual Earnings2018/09/30


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.