Microequities Asset Management Group Ltd. (MAM) AI Stock Analysis

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Microequities Asset Management Group Ltd.

(ASX:MAM)

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Rating:73Outperform

Price Target:AUD 0.35▲(11.61% Upside)

Action:reiterated

Date:08/22/26

The score is driven primarily by solid financial quality (high profitability, low leverage, and strong cash conversion) and attractive valuation (low P/E and high dividend yield). These strengths are partially offset by weak technical positioning, with the price trading below key moving averages despite mixed near-term momentum.

Positive Factors

High ProfitabilitySustained high gross, operating, and net margins indicate that the business converts revenue into profit efficiently. This profitability provides resilience through changing conditions and supports continued investment, distributions, and cash generation over the next several quarters.

Negative Factors

Volatile Revenue GrowthThe repeated swings in revenue, including another decline in 2026 after the prior rebound, make top-line performance less predictable. Uneven demand or activity can reduce operating leverage and make future earnings growth harder to sustain consistently.

Microequities Asset Management Group Ltd. (MAM) vs. iShares MSCI Australia ETF (EWA)

Market Cap: AUD 40.69M
Dividend Yield: 10.65%
Average Volume (3M): 34.27K
Price to Earnings (P/E): 7.1
Beta (1Y): 1.06
Revenue Growth: -11.68%
EPS Growth: -19.96%
Country: Australia
Employees: 20
Sector: Financial
Sector Strength: 68
Industry: Asset Management

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.

Microequities Asset Management Group Ltd. Financial Statement Overview

Summary

Strong overall fundamentals: high profitability, conservative balance sheet with modest leverage, and healthy cash conversion (operating cash flow consistently above net income). The main offset is volatility in revenue and free cash flow growth, including a softer 2026 (annual) versus 2025.

Income Statement

72Positive

Balance Sheet

84Very Positive

Cash Flow

76Positive

Financial statement breakdown
Breakdown	TTM	Jun 2026	Jun 2025	Jun 2024	Jun 2023	Jun 2022
Income Statement
Total Revenue	13.69M	13.69M	15.11M	12.90M	11.67M	25.28M
Gross Profit	13.21M	13.21M	14.75M	9.93M	11.43M	25.07M
EBITDA	7.85M	7.85M	11.64M	8.74M	8.24M	18.33M
Net Income	5.71M	5.71M	7.15M	5.99M	5.66M	14.11M
Balance Sheet
Total Assets	27.65M	27.65M	29.77M	28.44M	21.72M	20.69M
Cash, Cash Equivalents and Short-Term Investments	3.81M	3.81M	5.03M	9.72M	6.41M	7.18M
Total Debt	2.76M	2.76M	3.56M	5.28M	553.69K	715.83K
Total Liabilities	4.50M	4.50M	6.40M	7.36M	2.22M	1.86M
Stockholders Equity	23.15M	23.15M	23.38M	21.00M	19.50M	18.84M
Cash Flow
Free Cash Flow	7.47M	7.47M	9.13M	6.15M	5.95M	14.20M
Operating Cash Flow	7.47M	7.47M	9.13M	6.15M	5.95M	14.20M
Investing Cash Flow	-1.70M	-1.70M	-4.70M	-2.60M	-659.67K	-4.21M
Financing Cash Flow	-6.77M	-6.77M	-9.12M	-248.83K	-5.82M	-15.07M

Microequities Asset Management Group Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price0.31

Price Trends

50DMA0.35Negative

100DMA0.38Negative

200DMA0.42Negative

Market Momentum

MACD-0.01Negative

RSI35.01Neutral

STOCH33.33Neutral

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 0.31 is below the 20-day moving average (MA) of 0.32, below the 50-day MA of 0.35, and below the 200-day MA of 0.42, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 35.01 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 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

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

AU:MAM against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AU:MAM	73Outperform	AUD 40.10M	7.09	22.72%	10.65%	-11.68%	-19.96%
AU:KAT	71Outperform	AUD 42.59M	11.51	8.04%	1.42%	43.21%	40.98%
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
AU:SB2	58Neutral	AUD 46.66M	-6.01	-9.58%	7.21%	-42.55%	-396.54%
AU:MEC	53Neutral	AUD 33.62M	4.89	17.14%	3.04%	-53.08%	52.98%
AU:ECP	46Neutral	AUD 11.71M	-1.36	-38.24%	8.88%	-14.03%	-1062.94%

* Financial Sector Average

Performance Comparison

AU:MAM and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
AU:MAM	Microequities Asset Management Group Ltd.	0.31	-0.22	-40.95%
AU:GC1	Glennon Small Companies Ltd	0.39	-0.09	-19.62%
AU:SB2	Salter Brothers Emerging Companies Ltd.	0.56	-0.14	-19.80%
AU:ECP	ECP Emerging Growth Ltd.	0.63	-0.48	-43.34%
AU:MEC	Morphic Ethical Equities Fund Ltd.	1.12	-0.04	-3.61%
AU:KAT	Katana Capital Ltd.	1.35	0.04	3.37%

Microequities Asset Management Group Ltd. Corporate Events

Microequities Declares AUD 0.01 Dividend for FY 2026

Aug 13, 2026

Microequities Asset Management Group has declared a fully paid ordinary dividend of AUD 0.01 per share for the 12-month period ended 30 June 2026. The distribution will trade ex-dividend on 20 August 2026, with a record date of 21 August and payment...

Microequities revenue edges higher as profit and NTA per share decline

Aug 13, 2026

Microequities Asset Management Group Limited reported a 1.5% increase in revenue from ordinary activities to $12.73 million for the year ended 30 June 2026, but profit after tax attributable to owners fell 20.1% to $5.71 million. The group’s ne...

Microequities Files Updated ASX Corporate Governance Statement and Appendix 4G

Aug 13, 2026

Microequities Asset Management Group has lodged its updated corporate governance statement for the year ended 30 June 2026, confirming it is available on the company’s website and has been approved by the board as of 14 August 2026. The filing...

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.

Date of analysis: Aug 22, 2026

Microequities Asset Management Group Ltd. AI Stock Analysis

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