NZSE:MLN

Stock Analysis Report

Executive Summary

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

Rewards

PE ratio (16.3x) is below the NZ market (19.9x)

Pays a reliable dividend of 7.11%

Risk Analysis

Dividend of 7.11% is not well covered by earnings

Shareholders have been diluted in the past year



Snowflake Analysis

Average dividend payer and fair value.

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

4.8%

MLN

0.4%

NZ Capital Markets

1.0%

NZ Market


1 Year Return

26.7%

MLN

19.0%

NZ Capital Markets

21.1%

NZ Market

Return vs Industry: MLN exceeded the NZ Capital Markets industry which returned 19.3% over the past year.

Return vs Market: MLN exceeded the NZ Market which returned 20.9% over the past year.


Shareholder returns

MLNIndustryMarket
7 Day4.8%0.4%1.0%
30 Day7.9%1.8%-0.5%
90 Day11.2%6.3%7.4%
1 Year38.0%26.7%24.5%19.0%26.1%21.1%
3 Year80.1%38.0%91.6%66.6%59.7%38.9%
5 Year103.0%29.8%157.8%102.7%96.5%52.7%

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?

16.32x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MLN (NZ$1.09) is trading above our estimate of fair value (NZ$0.93)

Significantly Below Fair Value: MLN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MLN is good value based on its PE Ratio (16.3x) compared to the Capital Markets industry average (21.3x).

PE vs Market: MLN is good value based on its PE Ratio (16.3x) compared to the NZ market (19.9x).


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 is good value based on its PB Ratio (1.1x) compared to the XO Capital Markets industry average (2.2x).


Next Steps

Future Growth

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

6.9%

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?

9.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MLN has high quality earnings.

Growing Profit Margin: MLN's current net profit margins (72.3%) are lower than last year (89.6%).


Past Earnings Growth Analysis

Earnings Trend: MLN's earnings have grown by 9.8% per year over the past 5 years.

Accelerating Growth: MLN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MLN had negative earnings growth (-64.9%) over the past year, making it difficult to compare to the Capital Markets industry average (3%).


Return on Equity

High ROE: MLN's Return on Equity (6%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Marlin Global's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: MLN has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if MLN's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: MLN's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if MLN has a sufficient allowance for bad loans.

Low Risk Liabilities: MLN reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if MLN has an acceptable proportion of non-loan assets held.

Low Risk Deposits: MLN has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if MLN has an appropriate level of bad loans.


Next Steps

Dividend

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

7.11%

Current Dividend Yield


Dividend Yield vs Market

company7.1%marketbottom25%2.9%markettop25%5.6%industryaverage3.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: MLN's dividend (7.11%) is higher than the bottom 25% of dividend payers in the NZ market (2.88%).

High Dividend: MLN's dividend (7.11%) is in the top 25% of dividend payers in the NZ market (5.59%)


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 high payout ratio (116%), MLN's dividend payments are not well 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?

7.5yrs

Average board tenure


CEO

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


Board Members

NamePositionTenureCompensationOwnership
Alistair Ryan
Independent Chairman7.4yrsno data0.067% NZ$108.6k
Carmel Fisher
Director12.4yrsno data1.44% NZ$2.3m
Carol Campbell
Independent Director7.7yrsno data0.048% NZ$78.7k
R. Coupe
Independent Director6.9yrsno data0.030% NZ$48.6k

7.5yrs

Average Tenure

Experienced Board: MLN's board of directors are considered experienced (7.5 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.2%.


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$162.578m
  • Shares outstanding: 149.15m
  • 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. It has portfolio of investments in companies located in Asia, West Europe, and North America. The company was founded in 2007 and is based in Auckland, New Zealand. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 10:37
End of Day Share Price2020/02/17 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.