Murray Cod Australia Limited (MCA) AI Stock Analysis

• Market Cap: AU$124.50M
• Dividend Yield: N/A
• Average Volume (3M): 28.17K
• Price to Earnings (P/E): 12.4
• Beta (1Y): 0.33
• Revenue Growth: 4.34%
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Agricultural Farm Products
• EPS (TTM): 0.07
• Shares Outstanding: 123,882,290
• 10 Day Avg. Volume: 15,007
• 30 Day Avg. Volume: 28,168
• PEG Ratio: -0.01
• Price to Book (P/B): 1.12
• Price to Sales (P/S): 10.62
• P/FCF Ratio: -4.35
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$1.00
• Price Target Upside: 0.00%
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 55 Neutral
• Price Target: AU$1.00 ▲(0.00% Upside)

Murray Cod Australia Limited's overall stock score reflects financial challenges and weak technical indicators, partially offset by reasonable valuation. The most significant factor is the need for improved cash flow and consistent revenue growth. Technical analysis indicates a bearish trend, while valuation is fair but lacks dividend appeal.

Murray Cod Australia Limited Business Overview & Revenue Model

Company Description

Murray Cod Australia Limited, together with its subsidiaries, engages in breeding, growing, and marketing freshwater table fish in Australia. The company is also involved in breeding and selling Murray Cod, Golden Perch, and Silver Perch as fingerlings. In addition, it constructs and sells aquaculture equipment. The company was incorporated in 2001 and is headquartered in Griffith, Australia.

How the Company Makes Money

Murray Cod Australia Limited makes money primarily through the sale of Murray Cod fish to various markets, including wholesale distributors, retailers, and restaurants. The company's revenue model is based on the production, processing, and distribution of its fish products. Key revenue streams include domestic sales within Australia and export sales to international markets, where there is a growing demand for high-quality, sustainably farmed fish. Significant partnerships with distributors and retailers contribute to its earnings by expanding its market reach and enhancing brand recognition. Additionally, MCA's commitment to sustainable and innovative aquaculture practices helps maintain product quality and operational efficiency, which are critical factors in its financial performance.

Murray Cod Australia Limited Financial Statement Overview

Summary

Murray Cod Australia Limited faces significant challenges in achieving profitability and positive cash flow. Despite a strong equity position and low leverage, the company struggles with negative profitability metrics and declining revenues. The reliance on financing activities for liquidity, coupled with weak cash flow performance, indicates potential financial risks. Improvements in revenue growth and cost management are necessary for better financial health.

Income Statement

Murray Cod Australia Limited has faced challenges in maintaining profitability over the years, with consistent negative net income and EBIT. The gross profit margin improved significantly to 60.6% in the latest year, up from negative margins previously. However, revenue has been declining, with a -6% growth rate from the prior year. The negative net profit margin of -60.9% indicates struggles with cost management and achieving profitability.

Balance Sheet

The company's balance sheet shows a reasonable equity position, with a debt-to-equity ratio of 0.34, indicating low leverage. However, the return on equity is negative due to persistent net losses. The equity ratio stands at 66.6%, reflecting a solid equity base relative to total assets. Despite these strengths, the company's financial stability is impacted by ongoing losses.

Cash Flow

Cash flow statements reveal a challenging cash flow situation, with negative operating and free cash flows. The free cash flow growth rate is negative, reflecting increased cash outflows. The operating cash flow to net income ratio is negative, showing inefficiencies in converting income to cash. The company relies heavily on financing activities to maintain liquidity, which can pose risks if not managed carefully.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.81M	10.66M	10.21M	10.86M	12.55M	9.10M
Gross Profit	-18.96M	34.28M	-24.51M	8.84M	-12.37M	6.72M
EBITDA	10.95M	18.62M	-2.63M	-6.63M	-6.82M	-1.76M
Net Income	4.94M	8.56M	-6.22M	-7.30M	-8.75M	-1.16M
Balance Sheet
Total Assets	163.04M	163.04M	136.67M	93.81M	92.03M	40.61M
Cash, Cash Equivalents and Short-Term Investments	355.21K	355.21K	20.75M	11.42M	27.03M	3.47M
Total Debt	37.17M	37.17M	31.08M	12.78M	8.01M	6.66M
Total Liabilities	62.12M	62.12M	45.58M	22.78M	15.64M	8.72M
Stockholders Equity	100.91M	100.91M	91.08M	71.03M	76.39M	31.90M
Cash Flow
Free Cash Flow	-20.98M	-25.99M	-26.97M	-15.52M	-12.54M	-4.43M
Operating Cash Flow	-13.60M	-16.91M	-15.50M	-8.95M	-5.47M	-2.01M
Investing Cash Flow	-9.08M	-9.08M	-11.46M	-6.57M	-7.05M	-2.19M
Financing Cash Flow	5.59M	5.59M	36.67M	-422.47K	36.06M	1.56M

Murray Cod Australia Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MCA, the sentiment is Negative. The current price of 1 is below the 20-day moving average (MA) of 1.06, below the 50-day MA of 1.07, and below the 200-day MA of 1.14, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.96 is Neutral, neither overbought nor oversold. The STOCH value of 29.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MCA.

Murray Cod Australia Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AAP	70 Neutral	AU$17.69M	9.06	14.00%	―	18.35%	55.88%
LGL	66 Neutral	AU$260.00M	124.31	-2.12%	6.57%	8.23%	84.54%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
FRM	60 Neutral	AU$68.08M	9.77	29.12%	―	2.63%	―
MCA	55 Neutral	AU$124.50M	12.42	8.91%	―	4.34%	―
DBF	54 Neutral	AU$44.51M	60.24	-11.46%	24.37%	-16.73%	-343.82%

Murray Cod Australia Limited Corporate Events

Murray Cod Australia Ltd Reports Strong Growth in Biomass and Sales for Q4 FY25

Murray Cod Australia Ltd reported significant growth in its biomass and sales for the quarter ending June 2025. The company saw an 18% increase in biomass from March 2025 and a 298% year-on-year rise, with a notable increase in customer receipts and processed fresh fish sales. The company is in discussions to expand its distribution network and secure sales arrangements, both domestically and internationally, and is working towards obtaining Halal and BAP sustainability certifications. These developments indicate a positive trend for the company’s sales in the upcoming fiscal year.

Murray Cod Australia Issues New Securities Under Employee Share Plan

Murray Cod Australia Limited has announced the issuance of 180,000 fully paid ordinary securities under its Employee Share Plan, which was last approved at the 2023 Annual General Meeting. This move is part of the company’s strategy to incentivize its employees and align their interests with the company’s growth objectives, potentially enhancing its operational performance and market positioning.