Murray Cod Australia Limited (AU:MCA)
ASX:MCA
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Murray Cod Australia Limited
(Sydney:MCA)
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Select Model
Rating:45Neutral
Price Target:
AU$0.35
▼(-66.57% Downside)
Action:ReiteratedDate:04/08/26
The score is held back primarily by weak cash flow and recent revenue decline, alongside a clear downtrend in technical indicators. Balance sheet stability and improved operating margins provide some support but are not yet strong enough to offset the financial and price-momentum risks.
Positive Factors
Improving operating margins
Significant improvement in gross and EBITDA margins indicates stronger cost control and operating efficiency. Sustained margin expansion can boost durable earnings power and cash generation per unit of revenue, providing resilience against volume or price swings over months.
Negative Factors
Negative operating and free cash flow
Persistent negative operating and free cash flows constrain the company’s ability to self-fund working capital and capital expenditures. Ongoing cash deficits increase reliance on external financing, raising refinancing risk and limiting capacity to scale or absorb biological setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving operating margins
Significant improvement in gross and EBITDA margins indicates stronger cost control and operating efficiency. Sustained margin expansion can boost durable earnings power and cash generation per unit of revenue, providing resilience against volume or price swings over months.
Read all positive factors
Murray Cod Australia Limited (MCA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$45.24M
Dividend YieldN/A
Average Volume (3M)28.17K
Price to Earnings (P/E)―
Beta (1Y)0.27
Revenue Growth4.34%
EPS GrowthN/A
CountryAU
Employees87
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)-0.04
Shares Outstanding123,935,295
10 Day Avg. Volume15,007
30 Day Avg. Volume28,168
Financial Highlights & Ratios
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 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
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 finger...
How the Company Makes Money
MCA makes money primarily by producing Murray cod through aquaculture and selling the fish to customers in the seafood supply chain. Key revenue streams include sales of Murray cod (typically as food/seafood products) and potentially sales of stoc...
Murray Cod Australia Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.62M | 10.66M | 10.21M | 10.86M | 12.55M | 9.10M |
| Gross Profit | -27.36M | 34.28M | -24.51M | 8.84M | -12.37M | 6.72M |
| EBITDA | -5.41M | 18.62M | -2.63M | -6.63M | -6.82M | -1.76M |
| Net Income | -449.32K | 8.56M | -6.22M | -7.30M | -8.75M | -1.16M |
Balance Sheet | ||||||
| Total Assets | 169.00M | 163.04M | 136.67M | 93.81M | 92.03M | 40.61M |
| Cash, Cash Equivalents and Short-Term Investments | 279.22K | 355.21K | 20.75M | 11.42M | 27.03M | 3.47M |
| Total Debt | 43.35M | 37.17M | 31.08M | 12.78M | 8.01M | 6.66M |
| Total Liabilities | 59.09M | 62.12M | 45.58M | 22.78M | 15.64M | 8.72M |
| Stockholders Equity | 109.91M | 100.91M | 91.08M | 71.03M | 76.39M | 31.90M |
Cash Flow | ||||||
| Free Cash Flow | -18.11M | -25.99M | -26.97M | -15.52M | -12.54M | -4.43M |
| Operating Cash Flow | -15.12M | -16.91M | -15.50M | -8.95M | -5.47M | -2.01M |
| Investing Cash Flow | -4.65M | -9.08M | -11.46M | -6.57M | -7.05M | -2.19M |
| Financing Cash Flow | 19.11M | 5.59M | 36.67M | -422.47K | 36.06M | 1.56M |
Murray Cod Australia Limited Technical Analysis
Negative
1.05
Price Trends
0.55
Negative
0.78
Negative
0.93
Negative
Market Momentum
-0.04
Positive
27.95
Positive
11.44
Positive
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 1.05 is above the 20-day moving average (MA) of 0.45, above the 50-day MA of 0.55, and above the 200-day MA of 0.93, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 27.95 is Positive, neither overbought nor oversold. The STOCH value of 11.44 is Positive, 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
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$54.24M | 1.39 | 28.29% | ― | 2.63% | ― | |
70 Neutral | AU$19.17M | -5.78 | 4.51% | ― | 18.35% | 55.88% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
45 Neutral | AU$45.24M | -7.71 | -0.43% | ― | 4.34% | ― | |
45 Neutral | AU$71.78M | -1.37 | -20.91% | 29.49% | -16.73% | -343.82% |
* Consumer Defensive Sector Average
AU:MCA
Murray Cod Australia Limited
0.37
-0.76
-67.41%
AU:FRM
Farm Pride Foods Limited
0.24
0.04
23.68%
AU:DBF
Duxton Farms Limited
0.67
-0.43
-39.20%
AU:AAP
Australian Agricultural Projects Ltd.
0.05
0.01
30.00%
Murray Cod Australia Limited Corporate Events
Murray Cod Australia Director Brett Paton Lifts Indirect Shareholding
Mar 17, 2026
Murray Cod Australia director Brett William Fisher Paton has increased his indirect shareholding in the company through entities associated with his family interests. The additional 424,432 ordinary shares were acquired on market at $0.38 per shar...
Murray Cod Australia Seeks ASX Quotation for New Share Issue to Sophisticated Investor
Mar 17, 2026
Murray Cod Australia Limited, an aquaculture producer specialising in premium farmed Murray cod for domestic and export markets, continues to develop its capital structure to support its growth plans and operations in the specialty seafood sector....
Murray Cod Australia Files Interim Half-Year Report With ASX
Feb 27, 2026
Murray Cod Australia has released its interim financial report and Appendix 4D for the half year ended 31 December 2025, covering the period from 1 July 2025 to 31 December 2025. The filing, intended to be read alongside the company’s 2025 a...
Murray Cod Australia Director Ross Anderson Steps Down but Retains Significant Indirect Stake
Feb 26, 2026
Murray Cod Australia Limited has announced the cessation of Ross Anderson as a director effective 20 February 2026, formalised through a final director’s interest notice to the ASX. The filing discloses that Anderson holds no shares directly...
Murray Cod Australia Tightens Future Equity Pool as Lapsed Options Expire
Feb 26, 2026
Murray Cod Australia Limited has reported changes to its issued capital following the lapse of several tranches of employee or performance-related options. The company disclosed that a total of more than 2 million options across four series, with ...
Murray Cod Australia Names Steven Chaur as New CEO to Drive Next Growth Phase
Feb 19, 2026
Murray Cod Australia has appointed current non-executive director Steven Chaur as managing director and chief executive officer, effective 20 April 2026, with executives Mat Ryan and Roger Commins to serve as interim joint CEOs to ensure leadershi...
Murray Cod Australia Announces CEO Transition and Interim Joint Leadership
Feb 6, 2026
Murray Cod Australia has announced that co-founder Ross Anderson will step down as Chief Executive Officer and Executive Director on 20 February, with Executive Director of Production and Development Mat Ryan and Non-Executive Director Roger Commi...
Murray Cod Australia Names Peter McCluskey as New Director with Equity Stake
Jan 30, 2026
Murray Cod Australia Limited has appointed Peter Damien McCluskey as a director, effective 30 January 2026. According to the initial director’s interest notice lodged with the ASX, McCluskey holds a total of 35,000 ordinary shares in the com...
Murray Cod Australia Lifts Sales and Biomass but Faces Short-Term Growing Pains
Jan 29, 2026
Murray Cod Australia reported strong operational growth for the December 2025 quarter, with customer receipts up 39% year-on-year to $3.7 million, total sales volumes up 61% to 140.6 tonnes, and biomass rising 12% since June to 2,787 tonnes, altho...
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.
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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.