Marlin Global
Market Cap
NZ$236.8m
Last Updated
2020/11/24 10:40 UTC
Data Sources
Company Financials
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
Rewards
Risk Analysis
No risks detected for MLN from our risk checks.
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
| MLN | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.1% | 0.7% | -1.3% |
| 30 Day | 9.5% | 3.4% | 1.1% |
| 90 Day | 13.4% | 4.9% | 5.4% |
| 1 Year | 38.6%28.3% | 4.5%1.1% | 13.1%9.0% |
| 3 Year | 90.7%47.7% | 38.4%21.8% | 48.0%29.2% |
| 5 Year | 123.3%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
3 weeks ago | Simply Wall St
Marlin Global Limited (NZSE:MLN) Is Yielding 7.0% - But Is It A Buy?2 months ago | Simply Wall St
Interested In Marlin Global's (NZSE:MLN) Upcoming NZ$0.021 Dividend? You Have Four Days Left2 months ago | Simply Wall St
Investors Continue Waiting On Sidelines For Marlin Global Limited (NZSE:MLN)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
- Examine whether Marlin Global is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Marlin Global competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Diversified Financials industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman | 8.17yrs | NZ$50.00k | 0.069% NZ$ 162.7k | |
| Independent Director | 13.17yrs | NZ$32.50k | 2.97% NZ$ 7.0m | |
| Independent Director | 8.42yrs | NZ$37.50k | 0.053% NZ$ 124.4k | |
| Independent Director | 7.67yrs | NZ$37.50k | 0.033% NZ$ 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MLN | NZSE (New Zealand Stock Exchange) | Yes | Ordinary Shares | NZ | NZD | Nov 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/24 10:40 |
| End of Day Share Price | 2020/11/24 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.