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Murray Cod Australia Limited (AU:MCA)
ASX:MCA
Australian Market
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Murray Cod Australia Limited (MCA) AI Stock Analysis

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AU:MCA

Murray Cod Australia Limited

(Sydney:MCA)

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Neutral 46 (OpenAI - Gpt-5.6Sol)
Rating:46Neutral
Price Target:
AU$0.16
▲(15.71% Upside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by weak financial performance—highly volatile profitability and persistent negative operating/free cash flow—despite a relatively moderate leverage position. Technicals provide some near-term support (price above key short-term averages and positive MACD), but valuation is constrained by losses (negative P/E) and the absence of a dividend yield.
Positive Factors
Strong revenue growth
FY2026 revenue growth of roughly 38% shows the company can expand sales even while earnings were weak. Sustained top-line growth would enlarge the operating base and give the farming and processing platform more volume to absorb fixed costs, provided margins recover.
Negative Factors
Persistent cash burn
Negative operating and free cash flow across every presented year indicates that reported sales have not translated into internally generated funding. Persistent cash burn can constrain investment, increase reliance on external funding or balance-sheet capacity, and limit financial resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
FY2026 revenue growth of roughly 38% shows the company can expand sales even while earnings were weak. Sustained top-line growth would enlarge the operating base and give the farming and processing platform more volume to absorb fixed costs, provided margins recover.
Read all positive factors

Murray Cod Australia Limited (MCA) vs. iShares MSCI Australia ETF (EWA)

Murray Cod Australia Limited Business Overview & Revenue Model

Company Description
Operating alongside its various subsidiaries, Murray Cod Australia Limited is primarily involved in the cultivation, rearing, and distribution of edible freshwater fish across the Australian market. Furthermore, the firm also propagates and suppli...
How the Company Makes Money
MCA makes money primarily by selling farmed Murray cod and related fish products. Revenue is generated when the company harvests fish from its aquaculture operations, processes them (where applicable), and sells them into the seafood supply chain....

Murray Cod Australia Limited Financial Statement Overview

Summary
Despite strong FY2026 revenue growth (~38%), profitability deteriorated sharply with deeply negative gross/operating results and a return to meaningful net losses. The balance sheet is moderately levered (debt-to-equity ~0.29) but returns are negative, and the biggest concern is persistent negative operating and free cash flow across all years, indicating an unsustainable cash generation profile.
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
BreakdownJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue13.29M10.66M10.21M10.86M12.55M
Gross Profit-29.70M34.28M-24.51M8.84M-12.37M
EBITDA-29.00M18.62M-2.63M-6.63M-6.82M
Net Income-5.37M8.56M-6.22M-7.30M-8.75M
Balance Sheet
Total Assets174.83M163.04M136.67M93.81M92.03M
Cash, Cash Equivalents and Short-Term Investments4.14M355.21K20.75M11.42M27.03M
Total Debt36.24M37.17M31.08M12.78M8.01M
Total Liabilities49.68M62.12M45.58M22.78M15.64M
Stockholders Equity125.15M100.91M91.08M71.03M76.39M
Cash Flow
Free Cash Flow-28.65M-25.99M-26.97M-15.52M-12.54M
Operating Cash Flow-26.57M-16.91M-15.50M-8.95M-5.47M
Investing Cash Flow-2.01M-9.08M-11.46M-6.57M-7.05M
Financing Cash Flow32.39M5.59M36.67M-422.47K36.06M

Murray Cod Australia Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.14
Price Trends
50DMA
0.15
Positive
100DMA
0.16
Positive
200DMA
0.37
Negative
Market Momentum
MACD
<0.01
Negative
RSI
58.95
Neutral
STOCH
89.39
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MCA, the sentiment is Positive. The current price of 0.14 is below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.15, and below the 200-day MA of 0.37, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.95 is Neutral, neither overbought nor oversold. The STOCH value of 89.39 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MCA.

Murray Cod Australia Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
AU$961.87M13.3611.22%5.04%-2.43%-0.05%
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
62
Neutral
AU$61.10M6.0119.51%18.20%46.36%
54
Neutral
AU$807.36M7.386.29%8.81%
53
Neutral
AU$783.18M22.6613.65%4.86%2.38%-61.47%
46
Neutral
AU$40.90M-4.11-4.57%27.99%24.73%-151.26%
41
Neutral
AU$37.50M-0.74-28.98%22.86%-9.65%-53.79%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:MCA
Murray Cod Australia Limited
0.17
-0.71
-81.23%
AU:AAC
Australian Agricultural Company
1.34
-0.09
-6.62%
AU:ING
Inghams Group Ltd.
2.11
-0.42
-16.50%
AU:FRM
Farm Pride Foods Limited
0.27
-0.09
-26.39%
AU:DBF
Duxton Farms Limited
0.35
-0.61
-63.54%
AU:SGLLV
Ricegrowers Ltd. Class B
13.89
-0.86
-5.82%
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: Sep 06, 2026