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Microequities Asset Management Group Ltd.
(Sydney:MAM)
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Rating:72Outperform
Price Target:
AU$0.48
â–¼(-20.50% Downside)
Action:Reiterated
Date:06/23/26
The score is primarily supported by strong financial quality (high margins, solid cash generation, low leverage) and very favorable valuation (low P/E and high dividend yield). This is partially offset by weak technical conditions, with the stock trading below key moving averages and bearish momentum indicators.
Positive Factors
High margins and profitability
Consistently very high gross and operating margins (mid-40% to high-60% in most years) indicate durable profitability and pricing power in the business model. High margins provide structural buffer versus revenue swings and support reinvestment and shareholder distributions over multi-quarter horizons.
Negative Factors
Revenue and earnings volatility
Material swings in revenue and earnings reduce predictability of fee income and hamper long-term planning. For an asset manager, volatile AUM/fee flows can impair client retention, budgeting for distribution or product investment, and makes sustaining growth targets more challenging across economic cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
High margins and profitability
Consistently very high gross and operating margins (mid-40% to high-60% in most years) indicate durable profitability and pricing power in the business model. High margins provide structural buffer versus revenue swings and support reinvestment and shareholder distributions over multi-quarter horizons.
Read all positive factors
Microequities Asset Management Group Ltd. (MAM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$52.39M
Dividend Yield6.39%
Average Volume (3M)32.55K
Price to Earnings (P/E)5.8
Beta (1Y)1.14
Revenue Growth0.11%
EPS Growth21.50%
CountryAU
Employees20
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.07
Shares Outstanding131,409,180
10 Day Avg. Volume15,316
30 Day Avg. Volume32,547
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)2.71
Price to Sales (P/S)4.20
P/FCF Ratio6.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Microequities Asset Management Group Ltd. Business Overview & Revenue Model
Company Description
Based in Sydney, Australia, Microequities Asset Management Group Limited delivers specialized investment fund management services for high-net-worth and wholesale investors. The firm, established in 2004, was formerly known as Microequities Ltd....
How the Company Makes Money
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Microequities Asset Management Group Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
76
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.35M | 15.11M | 12.90M | 11.67M | 25.28M | 20.55M |
| Gross Profit | 14.23M | 14.75M | 9.93M | 11.43M | 25.07M | 20.29M |
| EBITDA | 12.99M | 11.64M | 8.74M | 8.24M | 18.33M | 19.47M |
| Net Income | 9.09M | 7.15M | 5.99M | 5.66M | 14.11M | 14.01M |
Balance Sheet | ||||||
| Total Assets | 34.23M | 29.77M | 28.44M | 21.72M | 20.69M | 24.18M |
| Cash, Cash Equivalents and Short-Term Investments | 6.46M | 5.03M | 9.72M | 6.41M | 7.18M | 12.06M |
| Total Debt | 3.74M | 3.56M | 5.28M | 553.69K | 715.83K | 88.60K |
| Total Liabilities | 7.06M | 6.40M | 7.36M | 2.22M | 1.86M | 4.21M |
| Stockholders Equity | 27.14M | 23.38M | 21.00M | 19.50M | 18.84M | 19.97M |
Cash Flow | ||||||
| Free Cash Flow | 9.64M | 9.13M | 6.15M | 5.95M | 14.20M | 14.01M |
| Operating Cash Flow | 9.64M | 9.13M | 6.15M | 5.95M | 14.20M | 14.01M |
| Investing Cash Flow | -2.72M | -4.70M | -2.60M | -659.67K | -4.21M | -800.00K |
| Financing Cash Flow | -7.24M | -9.12M | -248.83K | -5.82M | -15.07M | -4.84M |
Microequities Asset Management Group Ltd. Technical Analysis
Negative
0.60
Price Trends
0.41
Negative
0.44
Negative
0.49
Negative
Market Momentum
>-0.01
Positive
43.80
Neutral
20.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MAM, the sentiment is Negative. The current price of 0.6 is above the 20-day moving average (MA) of 0.41, above the 50-day MA of 0.41, and above the 200-day MA of 0.49, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.80 is Neutral, neither overbought nor oversold. The STOCH value of 20.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MAM.
Microequities Asset Management Group Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$37.90M | 11.36 | 9.09% | 1.33% | -27.75% | 5.14% | |
72 Outperform | AU$52.39M | 5.83 | 35.99% | 6.39% | 0.11% | 21.50% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | AU$45.32M | 5.86 | 17.04% | 1.50% | 338.56% | 418.74% | |
61 Neutral | AU$48.77M | -32.88 | 3.43% | 6.89% | -26.20% | -112.45% | |
46 Neutral | AU$13.41M | -3.49 | -14.03% | 4.83% | -116.24% | -230.04% |
* Financial Sector Average
AU:MAM
Microequities Asset Management Group Ltd.
0.41
-0.09
-17.52%
AU:GC1
Glennon Small Companies Ltd
0.42
-0.07
-14.96%
AU:SB2
Salter Brothers Emerging Companies Ltd.
0.61
-0.05
-6.92%
AU:ECP
ECP Emerging Growth Ltd.
0.73
-0.48
-40.03%
AU:MEC
Morphic Ethical Equities Fund Ltd.
1.25
0.16
14.47%
AU:KAT
Katana Capital Ltd.
1.44
0.21
17.05%
Microequities Asset Management Group Ltd. Corporate Events
Microequities Cuts Issued Capital via Employee Share Buy-Back
Jun 23, 2026
Microequities Asset Management Group has reduced its issued capital through the cancellation of 1,296,296 ordinary fully paid shares. The cessation of these securities results from an employee share scheme buy-back, indicating an adjustment in the...
Microequities completes final employee share scheme buy-back
Jun 23, 2026
Microequities Asset Management Group Ltd. has completed an employee share scheme buy-back of its ordinary fully paid shares, identified under ASX code MAM. The buy-back covered a total of 1,296,296 securities, with the transaction formally recorde...
Microequities announces employee share scheme buy-back of ordinary shares
Jun 23, 2026
Microequities Asset Management Group Ltd., an Australian asset manager listed on the ASX under the code MAM, focuses on delivering investment management services through its portfolio of funds. The company targets investors seeking exposure to pro...
Microequities Director Alexander Abrahams Steps Down, Retains Significant Shareholding
Jun 19, 2026
Microequities Asset Management Group has announced that director Alexander John Abrahams has ceased to be a director as of 19 June 2026. At the time of his departure, Abrahams held 266,008 ordinary shares directly and had additional indirect inter...
Microequities Director Alexander Abrahams Retires from Board
Jun 19, 2026
Microequities Asset Management Group has announced the immediate retirement of Non-Executive Director Alexander John Abrahams from its board. Abrahams, originally a client investor since 2010 and a director since March 2020, is stepping down due t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.