NZSE:MLN

Stock Analysis Report

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Executive Summary

Marlin Global Limited, an investment company, invests in companies that are listed on any approved stock exchange, excluding New Zealand or Australia. More Details


Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.

Share Price & News

How has Marlin Global's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MLN is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MLN's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

4.1%

MLN

0.7%

NZ Capital Markets

-1.3%

NZ Market


1 Year Return

28.3%

MLN

1.1%

NZ Capital Markets

9.0%

NZ Market

Return vs Industry: MLN exceeded the NZ Capital Markets industry which returned 1.5% over the past year.

Return vs Market: MLN exceeded the NZ Market which returned 9.5% over the past year.


Shareholder returns

MLNIndustryMarket
7 Day4.1%0.7%-1.3%
30 Day9.5%3.4%1.1%
90 Day13.4%4.9%5.4%
1 Year38.6%28.3%4.5%1.1%13.1%9.0%
3 Year90.7%47.7%38.4%21.8%48.0%29.2%
5 Year123.3%44.3%70.6%35.7%98.4%50.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Marlin Global undervalued compared to its fair value and its price relative to the market?

39.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MLN (NZ$1.27) is trading below our estimate of fair value (NZ$2.11)

Significantly Below Fair Value: MLN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MLN is good value based on its PE Ratio (8.4x) compared to the XO Capital Markets industry average (24.1x).

PE vs Market: MLN is good value based on its PE Ratio (8.4x) compared to the NZ market (23x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MLN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MLN's PB Ratio (1.2x) is in line with the XO Capital Markets industry average.


Next Steps

Future Growth

How is Marlin Global forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.5%

Forecasted Diversified Financials 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 Marlin Global 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 Marlin Global performed over the past 5 years?

25.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MLN has high quality earnings.

Growing Profit Margin: MLN's current net profit margins (83.3%) are higher than last year (72.6%).


Past Earnings Growth Analysis

Earnings Trend: MLN's earnings have grown significantly by 25.6% per year over the past 5 years.

Accelerating Growth: MLN's earnings growth over the past year (164.9%) exceeds its 5-year average (25.6% per year).

Earnings vs Industry: MLN earnings growth over the past year (164.9%) exceeded the Capital Markets industry -6.8%.


Return on Equity

High ROE: MLN's Return on Equity (14.4%) is considered low.


Next Steps

Financial Health

How is Marlin Global's financial position?


Financial Position Analysis

Short Term Liabilities: MLN's short term assets (NZ$159.9M) exceed its short term liabilities (NZ$3.8M).

Long Term Liabilities: MLN has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: MLN is debt free.

Reducing Debt: MLN has not had any debt for past 5 years.

Debt Coverage: MLN has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MLN has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Marlin Global current dividend yield, its reliability and sustainability?

6.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MLN's dividend (6.32%) is higher than the bottom 25% of dividend payers in the NZ market (2.72%).

High Dividend: MLN's dividend (6.32%) is in the top 25% of dividend payers in the NZ market (4.32%)


Stability and Growth of Payments

Stable Dividend: MLN's dividends per share have been stable in the past 10 years.

Growing Dividend: MLN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.9%), MLN's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

8.3yrs

Average board tenure


CEO

Marlin Global has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Alistair Ryan
Independent Chairman8.17yrsNZ$50.00k0.069%
NZ$ 162.7k
Carmel Fisher
Independent Director13.17yrsNZ$32.50k2.97%
NZ$ 7.0m
Carol Campbell
Independent Director8.42yrsNZ$37.50k0.053%
NZ$ 124.4k
R. Coupe
Independent Director7.67yrsNZ$37.50k0.033%
NZ$ 78.4k

8.3yrs

Average Tenure

Experienced Board: MLN'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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Marlin Global Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Marlin Global Limited
  • Ticker: MLN
  • Exchange: NZSE
  • Founded: 2007
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: NZ$236.756m
  • Shares outstanding: 186.42m
  • Website: https://www.marlin.co.nz

Location

  • Marlin Global Limited
  • 67-73, Hurstmere Road
  • Level 1
  • Auckland
  • 622
  • New Zealand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MLNNZSE (New Zealand Stock Exchange)YesOrdinary SharesNZNZDNov 2007

Biography

Marlin Global Limited, an investment company, invests in companies that are listed on any approved stock exchange, excluding New Zealand or Australia. The company was founded in 2007 and is based in Auckla...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 10:40
End of Day Share Price2020/11/24 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.