Oceana Group Limited operates as a fishing company in Africa, Asia, Europe, the United States, Australia, the Far East, and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||R61.74|
|52 Week High||R56.97|
|52 Week Low||R78.47|
|1 Month Change||-3.53%|
|3 Month Change||-1.67%|
|1 Year Change||-1.50%|
|3 Year Change||-25.15%|
|5 Year Change||-47.20%|
|Change since IPO||341.00%|
Recent News & Updates
Shareholders May Find It Hard To Justify Increasing Oceana Group Limited's (JSE:OCE) CEO Compensation For Now
In the past three years, the share price of Oceana Group Limited ( JSE:OCE ) has struggled to generate growth for its...
|OCE||ZA Food||ZA Market|
Return vs Industry: OCE underperformed the ZA Food industry which returned 6.1% over the past year.
Return vs Market: OCE underperformed the ZA Market which returned 21.3% over the past year.
Stable Share Price: OCE is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: OCE's weekly volatility (4%) has been stable over the past year.
About the Company
Oceana Group Limited operates as a fishing company in Africa, Asia, Europe, the United States, Australia, the Far East, and internationally. It engages in catching, procuring, processing, marketing, and distributing canned fish, fishmeal, fish oil, pilchard, anchovy, redeye herring, gulf menhaden, tuna, horse mackerel, hake, lobster, and squid; and mid-water, deep-sea, and inshore fishing for pelagic fish. The company also provides refrigerated warehouse facilities and logistical support services.
Oceana Group Fundamentals Summary
|OCE fundamental statistics|
Is OCE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|OCE income statement (TTM)|
|Cost of Revenue||R5.41b|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||6.85|
|Net Profit Margin||9.69%|
How did OCE perform over the long term?See historical performance and comparison
6.5%Current Dividend Yield
Is Oceana Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: OCE (ZAR61.74) is trading below our estimate of fair value (ZAR83.99)
Significantly Below Fair Value: OCE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: OCE is good value based on its PE Ratio (9x) compared to the ZA Food industry average (11.4x).
PE vs Market: OCE is good value based on its PE Ratio (9x) compared to the ZA market (11.2x).
Price to Earnings Growth Ratio
PEG Ratio: OCE is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: OCE is overvalued based on its PB Ratio (1.5x) compared to the ZA Food industry average (1.2x).
How is Oceana Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OCE's forecast earnings growth (9.6% per year) is above the savings rate (8.8%).
Earnings vs Market: OCE's earnings (9.6% per year) are forecast to grow slower than the ZA market (12.2% per year).
High Growth Earnings: OCE's earnings are forecast to grow, but not significantly.
Revenue vs Market: OCE's revenue (5.6% per year) is forecast to grow slower than the ZA market (6.1% per year).
High Growth Revenue: OCE's revenue (5.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OCE's Return on Equity is forecast to be low in 3 years time (13.3%).
How has Oceana Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OCE has high quality earnings.
Growing Profit Margin: OCE's current net profit margins (9.7%) are higher than last year (8.1%).
Past Earnings Growth Analysis
Earnings Trend: OCE's earnings have declined by 1.1% per year over the past 5 years.
Accelerating Growth: OCE's earnings growth over the past year (28.6%) exceeds its 5-year average (-1.1% per year).
Earnings vs Industry: OCE earnings growth over the past year (28.6%) exceeded the Food industry 0.6%.
Return on Equity
High ROE: OCE's Return on Equity (16.7%) is considered low.
How is Oceana Group's financial position?
Financial Position Analysis
Short Term Liabilities: OCE's short term assets (ZAR3.9B) exceed its short term liabilities (ZAR2.6B).
Long Term Liabilities: OCE's short term assets (ZAR3.9B) exceed its long term liabilities (ZAR3.2B).
Debt to Equity History and Analysis
Debt Level: OCE's debt to equity ratio (71.8%) is considered high.
Reducing Debt: OCE's debt to equity ratio has reduced from 116.8% to 71.8% over the past 5 years.
Debt Coverage: OCE's debt is well covered by operating cash flow (43.6%).
Interest Coverage: OCE's interest payments on its debt are well covered by EBIT (6.3x coverage).
What is Oceana Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: OCE's dividend (6.53%) is higher than the bottom 25% of dividend payers in the ZA market (3.07%).
High Dividend: OCE's dividend (6.53%) is low compared to the top 25% of dividend payers in the ZA market (8.09%).
Stability and Growth of Payments
Stable Dividend: OCE's dividend payments have been volatile in the past 10 years.
Growing Dividend: OCE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (58.9%), OCE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: OCE's dividends in 3 years are forecast to be covered by earnings (66.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Imraan Soomra (46 yo)
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
Compensation vs Market: Imraan's total compensation ($USD999.95K) is above average for companies of similar size in the ZA market ($USD731.45K).
Compensation vs Earnings: Imraan's compensation has increased by more than 20% in the past year.
Experienced Management: OCE's management team is considered experienced (3.7 years average tenure).
Experienced Board: OCE's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Oceana Group Limited's employee growth, exchange listings and data sources
- Name: Oceana Group Limited
- Ticker: OCE
- Exchange: JSE
- Founded: 1918
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: R7.208b
- Shares outstanding: 116.75m
- Website: https://www.oceana.co.za
Number of Employees
- Oceana Group Limited
- Oceana House
- 7th Floor
- Cape Town
- Western Cape
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 21:36|
|End of Day Share Price||2021/10/18 00:00|
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.