Oceana Group (NMSE:OCG) - Stock Price, News & Analysis

OCG Stock Overview

Operates as a fishing company in South Africa, Namibia, rest of Africa, North America, Europe, the Far East, and internationally. More details

OCG fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	4/6
Financial Health	6/6
Dividends	3/6

Rewards

Trading at 46.2% below our estimate of its fair value

Earnings have grown 11% per year over the past 5 years

Risk Analysis

Dividend of 7.28% is not well covered by free cash flows

Oceana Group Limited Competitors

Namibia Breweries

NMSE:NBS

R6.0b

MHP

LSE:MHPC

US$452.8m

Camil Alimentos

BOVESPA:CAML3

R$2.6b

Diamond Food Indonesia

IDX:DMND

Rp7.6t

Price History & Performance

Summary of all time highs, changes and price drops for Oceana Group
Historical stock prices
Current Share Price	R68.70
52 Week High	R76.03
52 Week Low	R65.29
Beta	0.42
11 Month Change	4.71%
3 Month Change	-2.59%
1 Year Change	4.82%
33 Year Change	12.62%
5 Year Change	11.29%
Change since IPO	1,274.00%

Recent updates

Shareholder Returns

	OCG	NA Food	NA Market
7D	1.1%	0%	0%
1Y	4.8%	0%	0%

Return vs Industry: OCG underperformed the NA Food industry which returned 35.8% over the past year.

Return vs Market: OCG exceeded the NA Market which returned 1.3% over the past year.

Price Volatility

Is OCG's price volatile compared to industry and market?
OCG volatility
OCG Average Weekly Movement	2.4%
Food Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in NA Market	0%
10% least volatile stocks in NA Market	0%

Stable Share Price: OCG has not had significant price volatility in the past 3 months compared to the NA market.

Volatility Over Time: OCG's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1918	n/a	Neville Brink	www.oceana.co.za

Oceana Group Limited operates as a fishing company in South Africa, Namibia, rest of Africa, North America, Europe, the Far East, and internationally. It engages in catching, processing, and procuring various marine species, including pilchard, anchovy, redeye herring, Gulf menhaden, tuna, lobster, squid, horse mackerel, and hake. The company also markets and sells canned fish, fishmeal, and fish oil.

Oceana Group Limited Fundamentals Summary

How do Oceana Group's earnings and revenue compare to its market cap?
OCG fundamental statistics
Market cap	R8.27b
Earnings (TTM)	R1.29b
Revenue (TTM)	R10.53b

6.4x

P/E Ratio

0.8x

P/S Ratio

Is OCG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
OCG income statement (TTM)
Revenue	R10.53b
Cost of Revenue	R7.17b
Gross Profit	R3.36b
Other Expenses	R2.06b
Earnings	R1.29b

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Nov 25, 2024

Earnings per share (EPS)	10.75
Gross Margin	31.87%
Net Profit Margin	12.28%
Debt/Equity Ratio	42.4%

How did OCG perform over the long term?

See historical performance and comparison

Dividends

7.3%

Current Dividend Yield

47%

Payout Ratio

OCG Stock Overview

Rewards

Risk Analysis

Oceana Group Limited Competitors

NMSE:NBS

R6.0b

LSE:MHPC

US$452.8m

BOVESPA:CAML3

R$2.6b

IDX:DMND

Rp7.6t

Price History & Performance

Recent News & Updates

Oceana Group Limited to Report Fiscal Year 2024 Results on Nov 25, 2024

Oceana Group Limited Appoints Noel Patrick Doyle as Independent Non-Executive Director with Effect from 1 November 2024 and Serve as Member of Audit Committee and Remuneration Committee

Public Investment Corporation Limited acquired an additional 6.1% stake in Oceana Group Limited (JSE:OCE).

Upcoming dividend of R1.95 per share

New major risk - Revenue and earnings growth

New minor risk - Financial data availability

Recent updates

Oceana Group Limited to Report Fiscal Year 2024 Results on Nov 25, 2024

Oceana Group Limited Appoints Noel Patrick Doyle as Independent Non-Executive Director with Effect from 1 November 2024 and Serve as Member of Audit Committee and Remuneration Committee

Public Investment Corporation Limited acquired an additional 6.1% stake in Oceana Group Limited (JSE:OCE).

Upcoming dividend of R1.95 per share

New major risk - Revenue and earnings growth

New minor risk - Financial data availability

Final dividend increased to R1.95

High number of new directors

Oceana Group Limited Announces Appointment of Poovendhri (Pooven) Viranna as Independent Non-Executive Director

Upcoming dividend of R3.05 per share at 6.3% yield

Oceana Group Limited Announces Final Cash Dividend for the Year Ended 30 September 2023, Payable on 27 December 2023

Full year 2023 earnings released: EPS: R8.03 (vs R6.22 in FY 2022)

Oceana Group Limited Announces Final Cash Dividend for the Year Ended 30 September 2023, Payable on 27 December 2023

Oceana Group Limited Provides Earnings Guidance for the Year Ended 30 September 2023

Now 21% undervalued

Oceana Group Limited Provides Earnings Guidance for the Year Ending 30 September 2023

Oceana Group Limited to Report Fiscal Year 2023 Results on Nov 27, 2023

Oceana Group Limited Announces Company Secretary Changes

Upcoming dividend of R1.30 per share at 5.9% yield

First half 2023 earnings released: EPS: R3.19 (vs R1.20 in 1H 2022)

Now 22% undervalued

Now 21% undervalued

Oceana Group Limited, Annual General Meeting, Apr 06, 2023

Now 20% undervalued

Upcoming dividend of R2.91 per share

Full year 2022 earnings released: EPS: R6.22 (vs R5.71 in FY 2021)

Now 20% undervalued

High number of new directors

African Infrastructure Investment Managers (Pty) Ltd. agreed to acquire Commercial Cold Storage Group (Pty) Limited from Oceana Group Limited (JSE:OCE).

High number of new directors

Investor sentiment deteriorated over the past week

Upcoming dividend of R0.55 per share

First half 2022 earnings released

Oceana Group Limited to Report Fiscal Year 2022 Final Results on Dec 15, 2022

Oceana Group Limited, Annual General Meeting, May 05, 2022

Upcoming dividend of R2.48 per share

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Oceana Group Limited Announces Resignation of Adela Fortune as Company Secretary, Effective March 15, 2022

Oceana Group Limited Appoints Ralph Buddle as Interim CFO

Oceana Group Limited Announces the Resignation of Imraan Soomra as Executive Director

Oceana Group Limited Announces Suspension of Hajra Karrim as Chief Financial Officer

Lead Independent Director Saamsoodein Pather has left the company

Upcoming dividend of R1.10 per share

First half 2021 earnings released: EPS R2.84 (vs R2.50 in 1H 2020)

Oceana Group Limited Declares Interim Dividend in Respect of the Period Ended March 31, 2021, Payable on July 5, 2021

Oceana Group Limited(JSE:OCE) dropped from FTSE All-World Index (USD)

Oceana Group Limited, Annual General Meeting, Mar 24, 2021

New 90-day high: R69.00

Revenue beats expectations

Full year 2020 earnings released: EPS R6.51

Oceana Group Limited Announces Chief Financial Officer Changes

New 90-day high: R66.01

New 90-day low: R60.00

New 90-day low - R62.40

Oceana Group Limited to Report Fiscal Year 2020 Final Results on Dec 03, 2020

Shareholder Returns

Price Volatility

About the Company

Oceana Group Limited Fundamentals Summary