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Morphic Ethical Equities Fund Ltd.
(Sydney:MEC)
Morphic Ethical Equities Fund Ltd. (MEC) vs. iShares MSCI Australia ETF (EWA)
Morphic Ethical Equities Fund Ltd. Business Overview & Revenue Model
Morphic Ethical Equities Fund Ltd. Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2023 | Sep 2021 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 186.90K | 8.12M | 186.90K | 11.93M | 886.27K | 21.57M |
| Gross Profit | -580.04K | 8.12M | -580.04K | 11.93M | -196.71K | 21.57M |
| EBITDA | -1.23M | 7.05M | -1.23M | 10.72M | -21.53M | 19.84M |
| Net Income | -950.35K | 5.44M | -950.35K | 7.56M | -15.10M | 13.94M |
Balance Sheet | ||||||
| Total Assets | 41.62M | 44.26M | 41.62M | 63.66M | 62.65M | 90.11M |
| Cash, Cash Equivalents and Short-Term Investments | 3.58M | 2.01M | 3.58M | 7.03M | 51.50M | 16.10M |
| Total Debt | 120.00 | 994.29K | 120.00 | 308.03K | 0.00 | 10.06M |
| Total Liabilities | 273.52K | 2.75M | 273.52K | 1.01M | 3.68M | 16.95M |
| Stockholders Equity | 41.34M | 41.51M | 41.34M | 62.65M | 58.96M | 73.16M |
Cash Flow | ||||||
| Free Cash Flow | 21.63M | 3.68M | 21.63M | 4.11M | 2.72M | -2.32M |
| Operating Cash Flow | 21.63M | 3.68M | 21.63M | 4.11M | 2.72M | -2.32M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.74M |
| Financing Cash Flow | -20.49M | -5.37M | -20.49M | -3.66M | -2.88M | -1.91M |
Morphic Ethical Equities Fund Ltd. Technical Analysis
Morphic Ethical Equities Fund Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ― | 10.82 | 13.14% | 1.33% | 116.08% | ― | |
72 Outperform | AU$64.02M | 7.05 | 32.22% | 6.39% | 22.67% | 19.47% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | AU$591.92M | 24.38 | 58.10% | 2.70% | 18.80% | 74.51% | |
55 Neutral | AU$26.98M | 70.25 | 2.17% | 2.94% | 38.32% | ― | |
53 Neutral | AU$29.29M | 52.21 | 2.42% | 2.03% | 18.17% | ― |
Morphic Ethical Equities Fund Ltd. Corporate Events
Morphic Ethical Equities Fund reported a 0.2% net return in December, outperforming its MSCI All Countries World Index benchmark, which fell 0.6%, and delivering a 14.2% net return for 2025, slightly ahead of the index’s 13.6%. The quarter was marked by strong gains in global equities but also sharp volatility in momentum and AI-related stocks, with Coreweave’s short-term revenue downgrade triggering a broader sell-off in AI infrastructure names, weighing on MEC holdings such as Nebius, Core Scientific and Galaxy Digital before a partial rebound late in the period. Key positive contributors included Greatland Resources, boosted by a well-received feasibility study and higher gold prices, and Canadian retailer Aritzia after strong earnings and upgraded guidance, while Nebius and Galaxy Digital were notable detractors despite management’s continued conviction that AI infrastructure and digital-asset–linked data centre plays will be major beneficiaries in a power- and GPU-constrained environment. The fund maintains high net and gross exposure of about 95%, with a diversified sector and regional allocation and a tilt toward industrials and communication services, positioning it to capture ongoing themes in AI infrastructure and responsible global growth despite elevated volatility in niche high-growth segments.
The most recent analyst rating on (AU:MEC) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Morphic Ethical Equities Fund Ltd. stock, see the AU:MEC Stock Forecast page.
Morphic Ethical Equities Fund Limited has provided an updated notification to the ASX regarding its on-market share buy-back program for its ordinary fully paid shares, reporting that it has repurchased a total of 476,596 securities prior to the latest trading day and a further 10,000 securities on the previous day. The ongoing daily buy-back activity signals the company’s continued effort to manage its capital structure and potentially enhance shareholder value, with the regular updates offering transparency to investors about the pace and scale of the repurchases.
The most recent analyst rating on (AU:MEC) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Morphic Ethical Equities Fund Ltd. stock, see the AU:MEC Stock Forecast page.
Morphic Ethical Equities Fund Limited has released its estimated unaudited net tangible assets (NTA) per share as at 2 January 2026, reporting a pre-tax NTA of A$1.3629 and a post-tax NTA of A$1.3034. The company’s shares closed at A$1.165 on the same date, indicating the stock is trading at a discount to its underlying asset backing, a data point closely watched by existing and prospective investors in listed investment companies.
The most recent analyst rating on (AU:MEC) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Morphic Ethical Equities Fund Ltd. stock, see the AU:MEC Stock Forecast page.
Morphic Ethical Equities Fund Limited has provided an updated notification to the ASX regarding its ongoing on‑market share buy-back program for its ordinary fully paid shares (MEC). As of 14 January 2026, the fund reported that a total of 460,820 shares had been bought back prior to the previous trading day, with a further 15,776 shares repurchased on the previous day, underscoring the continued execution of its capital management strategy and potentially enhancing net asset value per share for remaining investors.
The most recent analyst rating on (AU:MEC) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Morphic Ethical Equities Fund Ltd. stock, see the AU:MEC Stock Forecast page.
Morphic Ethical Equities Fund Limited has provided an updated notification to the ASX on the progress of its on‑market share buy-back program for its ordinary fully paid shares (MEC). As of 13 January 2026, the fund reported that it had repurchased a cumulative total of 398,497 securities prior to the previous trading day and bought back a further 62,323 shares on the previous day, confirming the ongoing execution of a capital management initiative that can support earnings per share and potentially enhance value for remaining shareholders.
The most recent analyst rating on (AU:MEC) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Morphic Ethical Equities Fund Ltd. stock, see the AU:MEC Stock Forecast page.
Morphic Ethical Equities Fund Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares (MEC). As part of its daily buy-back disclosure, the fund reported that it had repurchased a total of 388,672 shares prior to the previous trading day and a further 9,825 shares on the previous day, reflecting continued execution of the capital management initiative first notified in April 2023 and regularly updated to the market. The ongoing buy-back may support capital efficiency and potentially enhance value for remaining shareholders by reducing the number of shares on issue.
The most recent analyst rating on (AU:MEC) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Morphic Ethical Equities Fund Ltd. stock, see the AU:MEC Stock Forecast page.
Morphic Ethical Equities Fund Limited reported an estimated unaudited net tangible asset backing per share as at 31 December 2025, with a pre-tax NTA of A$1.3483 and a post-tax NTA of A$1.2925, compared with a closing share price of A$1.165. The discount of the share price to NTA suggests the fund is trading below the value of its underlying assets, a dynamic of interest to existing shareholders and potential investors assessing valuation and market sentiment toward the ethical equities strategy.
The most recent analyst rating on (AU:MEC) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Morphic Ethical Equities Fund Ltd. stock, see the AU:MEC Stock Forecast page.
Morphic Ethical Equities Fund Limited has provided an updated notification to the ASX confirming ongoing on-market buy-backs of its ordinary fully paid shares under an existing program first announced in April 2023. As part of the latest daily disclosure dated 7 January 2026, the company reported that it had repurchased a cumulative 329,579 shares prior to the previous trading day, with an additional 59,093 shares bought back on the previous day, underscoring its continuing capital management efforts and potential support for shareholder value by reducing the number of shares on issue.
The most recent analyst rating on (AU:MEC) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Morphic Ethical Equities Fund Ltd. stock, see the AU:MEC Stock Forecast page.
Morphic Ethical Equities Fund Limited has updated the market on its ongoing on-market share buy-back, reporting that it has repurchased a total of 301,807 ordinary fully paid shares prior to the previous trading day and a further 27,772 shares on the previous day. The daily notification, part of a buy-back program first disclosed in April 2023 and most recently updated in December 2025, signals the fund’s continued capital management efforts, which can support the share price, enhance net asset value per share, and potentially benefit existing shareholders by reducing the number of shares on issue.
The most recent analyst rating on (AU:MEC) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Morphic Ethical Equities Fund Ltd. stock, see the AU:MEC Stock Forecast page.
Morphic Ethical Equities Fund Limited has cancelled 170,226 fully paid ordinary shares following completion of an on-market buy-back, effective 5 January 2026. The reduction in issued capital is expected to be marginally accretive to remaining shareholders by consolidating ownership and may signal the company’s confidence in its valuation and balance sheet discipline.
The most recent analyst rating on (AU:MEC) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Morphic Ethical Equities Fund Ltd. stock, see the AU:MEC Stock Forecast page.
Morphic Ethical Equities Fund Limited has released its estimated unaudited net tangible assets (NTA) per share as at 24 December 2025, reporting a pre-tax NTA of $1.3630 per share and a post-tax NTA of $1.3035 per share, compared with a closing share price of $1.11. The figures indicate that the fund’s shares are trading at a discount to their estimated underlying asset value, a dynamic that may be closely watched by current and prospective investors assessing valuation and potential opportunity in the ethically focused listed investment company.
The most recent analyst rating on (AU:MEC) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Morphic Ethical Equities Fund Ltd. stock, see the AU:MEC Stock Forecast page.
Morphic Ethical Equities Fund Limited reported an estimated unaudited net tangible asset value per share of $1.3637 pre-tax and $1.3040 post-tax as at 19 December 2025, against a closing share price of $1.09. The disclosed NTA figures highlight a material gap between the underlying asset value and the market price of the shares, a metric closely watched by investors in listed investment companies when assessing valuation and potential upside.
Morphic Ethical Equities Fund Limited has issued an update on its ongoing on‑market share buy‑back program, disclosing that it repurchased 54,540 ordinary fully paid MEC shares on the previous trading day, bringing total buy‑backs under the program to 247,267 shares as at 24 December 2025. The continued execution of daily buy‑backs signals the fund’s active capital management strategy, which may support earnings per share and net asset value per share over time and is likely to be viewed as a commitment to enhancing value for existing investors in its ethically focused listed investment vehicle.
Morphic Ethical Equities Fund Limited has provided an updated notification to the ASX confirming the ongoing execution of its on-market share buy-back program for its ordinary fully paid shares under code MEC. As part of the latest daily disclosure, the fund reported that it has repurchased a cumulative 182,267 shares prior to the previous trading day and bought back an additional 65,000 shares on the previous day, signalling continued capital management activity that may support the company’s share price and offer potential value to remaining shareholders through a reduced share base.
Morphic Ethical Equities Fund Ltd has released its estimated unaudited net tangible assets (NTA) per share as at 12 December 2025, reporting a pre-tax NTA of $1.3468 and a post-tax NTA of $1.2913. The company’s shares closed at $1.165 on the same date, indicating that the stock is trading at a discount to its underlying asset backing, a key metric for existing and prospective investors assessing valuation and performance of this ethical global equities vehicle.
Morphic Ethical Equities Fund Limited has announced a daily update regarding its ongoing on-market buy-back program for its ordinary fully paid shares. The company disclosed that 4,582 shares were bought back on the prior day, adding to the cumulative total of 177,685 shares repurchased since the program’s inception. The buy-back initiative could signal the company’s intent to enhance shareholder value and optimize its balance sheet.
Morphic Ethical Equities Fund Ltd. reported a -2.3% return for the month, underperforming the MSCI All Countries World Index. The fund’s performance was affected by market volatility due to interest rate expectations and AI spending concerns. Despite challenges, the fund remains optimistic about AI investments, particularly in data centers and neo-clouds. Key contributors to the fund’s performance included Corpay and Sigma Lithium, while Nebius and Galaxy Digital were detractors. The fund continues to focus on sectors with growth potential, such as AI and digital assets.
Morphic Ethical Equities Fund Ltd. has announced an update on its ongoing on-market buy-back program, revealing that a total of 46,104 ordinary fully paid securities were bought back on the previous day, adding to the 131,581 securities bought back before that. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting its commitment to maintaining a balanced and ethical investment approach.
Morphic Ethical Equities Fund Ltd. has announced its estimated unaudited Net Tangible Assets (NTA) per share as of December 5, 2025. The pre-tax NTA is estimated at $1.3467, while the post-tax NTA is $1.2913, with a closing share price of $1.140. This announcement provides stakeholders with insights into the company’s financial health, potentially influencing investor decisions and market perceptions.
Morphic Ethical Equities Fund Ltd. announced the cessation of 226,309 ordinary fully paid securities due to an on-market buy-back as of December 8, 2025. This move may impact the company’s capital structure and could reflect a strategic decision to enhance shareholder value or adjust its market positioning.
Morphic Ethical Equities Fund Ltd. announced its estimated unaudited Net Tangible Assets (NTA) per share as of November 28, 2025, with pre-tax NTA at 1.3468 dollars and post-tax NTA at 1.2913 dollars. The closing share price was reported at 1.160 dollars. This announcement may impact investor perceptions and decisions, reflecting the company’s financial health and market positioning.
Morphic Ethical Equities Fund Ltd. has announced a daily update on its ongoing buy-back program, with a total of 68,313 ordinary fully paid securities bought back on the previous day. This buy-back initiative is part of the company’s strategic efforts to manage its capital structure and potentially enhance shareholder value.
Morphic Ethical Equities Fund Ltd. has announced an update regarding its ongoing on-market buy-back of ordinary fully paid securities, with a recent purchase of 22,000 securities. This buy-back initiative reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value, indicating a proactive approach to financial management in alignment with its ethical investment focus.
Morphic Ethical Equities Fund Ltd. announced its estimated unaudited Net Tangible Assets (NTA) per share as of November 21, 2025. The pre-tax NTA is estimated at $1.3195 per share, while the post-tax NTA is $1.2682, with a closing share price of $1.180. This announcement provides stakeholders with insights into the company’s financial standing and market valuation, which may influence investor decisions and the company’s market positioning.
Morphic Ethical Equities Fund Ltd. has announced an update regarding its ongoing buy-back program, which involves the repurchase of its ordinary fully paid securities. The company reported buying back a total of 35,924 securities on the previous day, as part of its strategy to manage capital and potentially enhance shareholder value.
Morphic Ethical Equities Fund Ltd. has announced an update regarding its ongoing on-market buy-back of ordinary fully paid securities, with a total of 5,344 securities bought back on the previous day. This buy-back activity reflects the company’s strategic financial management and may impact its market positioning by potentially increasing shareholder value.
Morphic Ethical Equities Fund Ltd. has announced an increase in its buyback capacity to 20% of shares, amounting to 6,475,300 shares, and extended the buyback period by 12 months following shareholder approval. This strategic move is likely to impact the company’s market positioning by potentially increasing shareholder value and demonstrating confidence in the company’s financial health.
Morphic Ethical Equities Fund Ltd. has announced its estimated unaudited Net Tangible Assets (NTA) per share as of November 14, 2025. The pre-tax NTA is valued at 1.3162 dollars per share, while the post-tax NTA is 1.2657 dollars per share, with the closing share price at 1.180 dollars. This announcement provides stakeholders with crucial financial metrics that reflect the company’s current market valuation and could influence investor decisions.
Morphic Ethical Equities Fund Ltd. announced the results of its 2025 Annual General Meeting, where all resolutions were carried with significant support. The resolutions included the re-election of Kirstin Hunter as a director and an increase in on-market buyback capacity, indicating strong shareholder approval and potential for enhanced shareholder value.
Morphic Ethical Equities Fund Ltd. held its Annual General Meeting, focusing on key resolutions such as the consideration of financial statements, the remuneration report, the re-election of Kirstin Hunter as a director, and the approval to increase on-market buyback capacity. These decisions are pivotal for the company’s strategic direction, potentially impacting its market operations and shareholder value.
Morphic Ethical Equities Fund Ltd. reported a net return of 0.8% for October, underperforming the MSCI All Countries World Index’s 3.5% return. The fund’s performance was influenced by market trends, with significant gains in AI-related stocks, while non-AI stocks faced challenges due to sluggish economic growth. Key contributors included Advantest and Nebius, while detractors included Itron and Corpay. The fund continues to strategically manage its holdings, trimming positions in high-performing stocks to maintain a balanced portfolio.
Morphic Ethical Equities Fund Ltd. has announced an update regarding its ongoing on-market buy-back program. As of November 14, 2025, the company has repurchased a total of 4,680,451 ordinary fully paid securities, with 69,870 bought back on the previous day. This buy-back initiative reflects the company’s strategic efforts to manage its capital structure and potentially enhance shareholder value.
Morphic Ethical Equities Fund Ltd. announced its estimated unaudited Net Tangible Assets (NTA) per share as of November 7, 2025. The pre-tax NTA is estimated at 1.3633 dollars per share, while the post-tax NTA is 1.3010 dollars per share, with the closing share price at 1.165 dollars. This announcement provides stakeholders with insights into the company’s financial health and market valuation, potentially influencing investment decisions and market perception.
Morphic Ethical Equities Fund Limited has announced an update regarding its ongoing share buy-back program. As of the latest update, the company has repurchased a total of 4,595,723 ordinary fully paid securities, with 14,858 bought back on the previous day. This move is part of their strategy to manage capital efficiently and potentially enhance shareholder value.
Morphic Ethical Equities Fund Ltd. announced its estimated unaudited Net Tangible Assets (NTA) per share as of October 31, 2025. The pre-tax NTA is estimated at 1.3835 dollars per share, while the post-tax NTA is 1.3161 dollars per share, with a closing share price of 1.175 dollars. This announcement provides stakeholders with insights into the company’s financial standing and may influence investor decisions regarding the ethical investment market.
Morphic Ethical Equities Fund Ltd. announced the cessation of 421,849 ordinary fully paid securities due to an on-market buy-back. This move is part of the company’s strategy to manage its capital structure effectively, potentially impacting its market positioning by enhancing shareholder value and optimizing its financial resources.
Morphic Ethical Equities Fund Ltd. announced its estimated unaudited Net Tangible Assets (NTA) per share as of October 24, 2025, with pre-tax and post-tax values of 1.4192 and 1.3430 dollars respectively, and a closing share price of 1.180 dollars. This announcement provides stakeholders with insights into the company’s financial health and market valuation, potentially impacting investor perceptions and decisions.
Morphic Ethical Equities Fund Ltd. announced an update regarding its ongoing on-market buy-back program. As of November 7, 2025, the company has repurchased a total of 4,585,723 ordinary fully paid securities, including 10,351 bought back on the previous day. This buy-back initiative reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value.
Morphic Ethical Equities Fund Ltd. has announced an update regarding its ongoing buy-back program, with a total of 19,127 ordinary fully paid securities bought back on the previous day. This activity is part of a broader strategy to manage the company’s capital structure and potentially enhance shareholder value.
Morphic Ethical Equities Fund Ltd. announced its estimated unaudited Net Tangible Assets (NTA) per share as of October 17, 2025. The pre-tax NTA is valued at 1.3970 dollars per share, while the post-tax NTA is 1.3264 dollars per share, with the closing share price at 1.195 dollars. This announcement provides stakeholders with crucial insights into the company’s financial standing, potentially influencing investor decisions and reflecting the company’s market positioning within the ethical investment sector.
Morphic Ethical Equities Fund Ltd. announced an update on their ongoing buy-back program, reporting the purchase of 8,005 ordinary fully paid securities on the previous day, adding to a total of 4,519,087 securities bought back to date. This buy-back initiative reflects the company’s strategic efforts to manage its capital structure, potentially enhancing shareholder value and indicating confidence in its market position.
Morphic Ethical Equities Fund Ltd. announced an update on its ongoing share buy-back program, revealing the purchase of 70,000 ordinary fully paid securities on the previous day, bringing the total number of shares bought back to over 4.4 million. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
Morphic Ethical Equities Fund Ltd. announced an update regarding its ongoing buy-back program, reporting the buy-back of 14,000 ordinary fully paid securities on the previous day, adding to a total of 4,435,087 securities bought back previously. This buy-back activity is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting its commitment to ethical investment practices.
Morphic Ethical Equities Fund Ltd. has announced an update regarding their ongoing buy-back program, with a total of 4,417,346 securities bought back before the previous day and an additional 17,741 securities bought back on the previous day. This buy-back initiative is part of their strategy to manage capital efficiently and potentially enhance shareholder value, reflecting the company’s commitment to maintaining a robust market position and delivering value to its stakeholders.
Morphic Ethical Equities Fund Ltd. has announced its estimated unaudited Net Tangible Assets (NTA) per share as of October 10, 2025. The pre-tax NTA is estimated at 1.3934 dollars per share, while the post-tax NTA is 1.3238 dollars per share, with the closing share price recorded at 1.185 dollars. This announcement provides stakeholders with insights into the company’s financial standing and market valuation, potentially impacting investor decisions and market perception.
Morphic Ethical Equities Fund Ltd. has announced a daily update on its ongoing on-market buy-back program. The company reported the buy-back of 12,522 ordinary fully paid securities on the previous day, adding to a total of 4,404,824 securities bought back before that day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
Morphic Ethical Equities Fund Ltd. has announced an update regarding its ongoing buy-back program, with a total of 4,318,043 securities bought back before the previous day and an additional 86,781 securities purchased on the previous day. This buy-back initiative reflects the company’s strategy to manage its equity structure and potentially enhance shareholder value, indicating a proactive approach in its financial operations.
Morphic Ethical Equities Fund Ltd. announced its estimated unaudited Net Tangible Assets (NTA) per share as of October 3, 2025, with pre-tax NTA at 1.4007 dollars and post-tax NTA at 1.3283 dollars, while the closing share price was 1.175 dollars. This announcement provides stakeholders with insights into the company’s financial health and market valuation, which may influence investor decisions and reflect the company’s positioning in the ethical investment market.
Morphic Ethical Equities Fund Limited has announced its 2025 Annual General Meeting (AGM) scheduled for November 20, 2025, in North Sydney. The meeting will cover the consideration of financial statements, a non-binding vote on the remuneration report, the re-election of a director, and approval to increase the company’s on-market buyback capacity. Shareholders are encouraged to participate by voting in advance and submitting questions prior to the meeting. The AGM will also feature a presentation by the company’s investment manager’s team, providing insights into the company’s strategic direction and operational focus.