Morphic Ethical Equities Fund Ltd. (AU:MEC)
ASX:MEC
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Morphic Ethical Equities Fund Ltd.
(Sydney:MEC)
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Rating:73Outperform
Price Target:
AU$1.50
â–²(35.14% Upside)
Action:UpgradedDate:12/30/25
The score is driven primarily by strong financial positioning (especially the low-leverage balance sheet and the 2025 profitability rebound) and attractive valuation (low P/E with a dividend). Offsetting these positives are historically volatile earnings/cash flows and currently neutral-to-soft technical momentum (negative MACD).
Positive Factors
Conservative Balance Sheet
A conservative balance sheet with low leverage enhances financial stability, providing resilience against economic downturns and flexibility for future investments.
Negative Factors
Earnings Volatility
Volatile earnings and cash flows reduce predictability and investor confidence, potentially impacting the company's ability to plan long-term strategic initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
A conservative balance sheet with low leverage enhances financial stability, providing resilience against economic downturns and flexibility for future investments.
Read all positive factors
Morphic Ethical Equities Fund Ltd. (MEC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
N/A
Dividend Yield1.33%
Average Volume (3M)20.37K
Price to Earnings (P/E)7.5
Beta (1Y)0.42
Revenue Growth116.08%
EPS GrowthN/A
CountryAU
Employees2
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.04
Shares Outstanding30,901,250
10 Day Avg. Volume14,978
30 Day Avg. Volume20,368
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.95
Price to Sales (P/S)4.84
P/FCF Ratio10.65
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
Morphic Ethical Equities Fund Ltd. Business Overview & Revenue Model
Company Description
Morphic Ethical Equities Fund Limited is an equity mutual fund launched and managed by Morphic Asset Management Pty Limited. The fund invests in public equity markets across the globe. It also invests in derivatives. The fund invests in stocks of ...
How the Company Makes Money
Morphic Ethical Equities Fund Ltd. makes money primarily through management fees and performance fees. Management fees are charged as a percentage of the total assets under management (AUM) and provide a steady income stream based on the size of t...
Morphic Ethical Equities Fund Ltd. Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
88
Very Positive
Cash Flow
62
Positive
| 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
Positive
1.11
Price Trends
1.16
Negative
1.15
Negative
1.15
Positive
Market Momentum
>-0.01
Negative
53.21
Neutral
65.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MEC, the sentiment is Positive. The current price of 1.11 is below the 20-day moving average (MA) of 1.14, below the 50-day MA of 1.16, and below the 200-day MA of 1.15, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 53.21 is Neutral, neither overbought nor oversold. The STOCH value of 65.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MEC.
Morphic Ethical Equities Fund Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ― | 7.52 | 9.09% | 1.33% | 116.08% | ― | |
72 Outperform | AU$60.75M | 2.97 | 35.99% | 6.39% | 22.67% | 19.47% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | AU$588.50M | 10.53 | 55.44% | 2.70% | 18.80% | 74.51% | |
54 Neutral | AU$26.98M | 38.35 | 1.46% | 2.94% | 38.32% | ― | |
53 Neutral | AU$28.44M | 46.88 | 4.11% | 2.03% | 18.17% | ― |
* Financial Sector Average
AU:MEC
Morphic Ethical Equities Fund Ltd.
1.15
0.18
19.05%
AU:AEF
Australian Ethical Investment Ltd
5.17
0.05
0.98%
AU:LCE
London City Equities Ltd
0.85
0.01
1.19%
AU:CIW
Clime Investment Management Ltd
0.35
0.01
3.60%
AU:MAM
Microequities Asset Management Group Ltd.
0.47
-0.02
-3.53%
Morphic Ethical Equities Fund Ltd. Corporate Events
Morphic Ethical Equities Fund Outperforms Benchmark Amid Volatile AI Sell-Off
Jan 16, 2026
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 w...
Morphic Ethical Equities Fund Continues On-Market Share Buy-Back Program
Jan 15, 2026
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 l...
Morphic Ethical Equities Fund Reports NTA and Trading Discount for Early January
Jan 15, 2026
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 o...
Morphic Ethical Equities Fund Updates ASX on Progress of On‑Market Share Buy-Back
Jan 13, 2026
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 4...
Morphic Ethical Equities Fund Updates Progress of On‑Market Share Buy‑Back
Jan 12, 2026
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 repu...
Morphic Ethical Equities Fund Updates Daily On-Market Share Buy-Back
Jan 11, 2026
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...
Morphic Ethical Equities Fund Trades at Discount to Year-End NTA
Jan 8, 2026
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 d...
Morphic Ethical Equities Fund Updates Daily On‑Market Share Buy‑Back
Jan 6, 2026
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 dis...
Morphic Ethical Equities Fund Continues On-Market Share Buy-Back Program
Jan 5, 2026
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 ...
Morphic Ethical Equities Fund Cancels Shares Following On-Market Buy-Back
Jan 5, 2026
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 sha...
Morphic Ethical Equities Fund Shares Trade Below Estimated NTA
Jan 2, 2026
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 sh...
Morphic Ethical Equities Fund Posts NTA Premium to Market Price
Dec 24, 2025
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 ...
Morphic Ethical Equities Fund Continues Daily On‑Market Share Buy‑Back
Dec 23, 2025
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‑back...
Morphic Ethical Equities Fund Continues On-Market Share Buy-Back Program
Dec 22, 2025
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 disclosur...
Morphic Ethical Equities Fund Trades at Discount to Estimated NTA
Dec 22, 2025
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...
Morphic Ethical Equities Fund Updates on Share Buy-Back Progress
Dec 17, 2025
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 cumula...
Morphic Ethical Equities Fund Faces Volatility Amidst AI and Interest Rate Concerns
Dec 15, 2025
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...
Morphic Ethical Equities Fund Updates On-Market Buy-Back Program
Dec 14, 2025
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 bac...
Morphic Ethical Equities Fund Announces December NTA Estimates
Dec 11, 2025
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. ...
Morphic Ethical Equities Fund Announces Cessation of Securities
Dec 8, 2025
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 deci...
Morphic Ethical Equities Fund Reports November 2025 NTA
Dec 5, 2025
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 ...
Morphic Ethical Equities Fund Ltd. Updates on Buy-Back Program
Dec 4, 2025
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 strateg...
Morphic Ethical Equities Fund Ltd. Updates on Market Buy-Back
Dec 3, 2025
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 m...
Morphic Ethical Equities Fund Ltd. Releases NTA Estimates
Nov 27, 2025
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 $...
Morphic Ethical Equities Fund Ltd. Updates on Buy-Back Program
Nov 24, 2025
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 d...
Morphic Ethical Equities Fund Ltd. Updates on Share Buy-Back Activity
Nov 20, 2025
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...
Morphic Ethical Equities Fund Expands Share Buyback Program
Nov 20, 2025
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 imp...
Morphic Ethical Equities Fund Releases NTA Estimates for November 2025
Nov 20, 2025
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 t...
Morphic Ethical Equities Fund Ltd. Announces Successful AGM Outcomes
Nov 20, 2025
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 o...
Morphic Ethical Equities Fund Ltd. AGM Highlights Key Resolutions
Nov 20, 2025
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 increa...
Morphic Ethical Equities Fund Reports October Performance Amid Market Bifurcation
Nov 14, 2025
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-relate...
Morphic Ethical Equities Fund Ltd. Updates on Buy-Back Program
Nov 13, 2025
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 p...
Morphic Ethical Equities Fund Ltd. Releases Estimated NTA Figures
Nov 13, 2025
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...
Morphic Ethical Equities Fund Updates on Share Buy-Back Program
Nov 11, 2025
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 pr...
Morphic Ethical Equities Fund Ltd. Announces October 2025 NTA
Nov 11, 2025
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 c...
Morphic Ethical Equities Fund Announces Cessation of Securities
Nov 10, 2025
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...
Morphic Ethical Equities Fund Ltd. Releases NTA Figures
Nov 7, 2025
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...
Morphic Ethical Equities Fund Updates on Buy-Back Program
Nov 6, 2025
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 p...
Morphic Ethical Equities Fund Ltd. Updates on Buy-Back Program
Nov 4, 2025
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 com...
Morphic Ethical Equities Fund Releases NTA Update
Oct 29, 2025
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 cl...
Morphic Ethical Equities Fund Ltd. Updates on Buy-Back Program
Oct 28, 2025
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-b...
Morphic Ethical Equities Fund Ltd. Updates on Share Buy-Back Program
Oct 28, 2025
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....
Morphic Ethical Equities Fund Ltd. Updates on Buy-Back Program
Oct 27, 2025
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. T...
Morphic Ethical Equities Fund Ltd. Updates on Buy-Back Program
Oct 24, 2025
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...
Morphic Ethical Equities Fund Announces Estimated NTA Per Share
Oct 23, 2025
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...
Morphic Ethical Equities Fund Ltd. Updates on Daily Buy-Back Program
Oct 22, 2025
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 bo...
Morphic Ethical Equities Fund Ltd. Updates on Buy-Back Program
Oct 21, 2025
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...
Morphic Ethical Equities Fund Ltd. Reports NTA and Share Price
Oct 17, 2025
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....
Morphic Ethical Equities Fund Announces 2025 AGM and Key Resolutions
Oct 17, 2025
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 re...
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.