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Murray Cod Australia Limited
(Sydney:MCA)
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Rating:46Neutral
Price Target:
AU$0.18
▲(30.71% 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
Revenue Growth
The sharp FY2026 top-line increase indicates that demand and sales throughput expanded materially after a flat prior year. If the business can retain this growth while restoring margins, a larger revenue base could improve operating scale and support a more durable earnings profile.
Negative Factors
Persistent Cash Burn
Persistent negative operating and free cash flow indicates that reported sales are not converting into internally generated funding. Continued cash burn can constrain reinvestment, increase reliance on external financing or balance-sheet capacity, and make the growth model less durable until cash conversion improves.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The sharp FY2026 top-line increase indicates that demand and sales throughput expanded materially after a flat prior year. If the business can retain this growth while restoring margins, a larger revenue base could improve operating scale and support a more durable earnings profile.
Read all positive factors
Murray Cod Australia Limited (MCA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$43.38M
Dividend Yield27.99%
Average Volume (3M)230.80K
Price to Earnings (P/E)―
Beta (1Y)-0.43
Revenue Growth24.73%
EPS Growth-151.26%
CountryAU
Employees87
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)-0.04
Shares Outstanding247,870,590
10 Day Avg. Volume130,412
30 Day Avg. Volume230,797
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.16
Price to Sales (P/S)1.46
P/FCF Ratio-0.68
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)0.18
Revenue Forecast (FY)AU$117.40M
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
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 13.29M | 10.66M | 10.21M | 10.86M | 12.55M |
| Gross Profit | -29.70M | 34.28M | -24.51M | 8.84M | -12.37M |
| EBITDA | -29.00M | 18.62M | -2.63M | -6.63M | -6.82M |
| Net Income | -5.37M | 8.56M | -6.22M | -7.30M | -8.75M |
Balance Sheet | |||||
| Total Assets | 174.83M | 163.04M | 136.67M | 93.81M | 92.03M |
| Cash, Cash Equivalents and Short-Term Investments | 4.14M | 355.21K | 20.75M | 11.42M | 27.03M |
| Total Debt | 36.24M | 37.17M | 31.08M | 12.78M | 8.01M |
| Total Liabilities | 49.68M | 62.12M | 45.58M | 22.78M | 15.64M |
| Stockholders Equity | 125.15M | 100.91M | 91.08M | 71.03M | 76.39M |
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 Flow | 32.39M | 5.59M | 36.67M | -422.47K | 36.06M |
Murray Cod Australia Limited Technical Analysis
Neutral
0.14
Price Trends
0.15
Positive
0.16
Positive
0.34
Negative
Market Momentum
<0.01
Negative
53.62
Neutral
40.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MCA, the sentiment is Neutral. The current price of 0.14 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.15, and below the 200-day MA of 0.34, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.62 is Neutral, neither overbought nor oversold. The STOCH value of 40.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$907.85M | 12.16 | 11.22% | 5.43% | -2.43% | -0.05% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | AU$59.94M | 5.90 | 19.51% | ― | 18.20% | 46.36% | |
54 Neutral | AU$789.29M | 7.19 | 6.29% | ― | 8.81% | ― | |
53 Neutral | AU$753.49M | 21.48 | 13.65% | 5.05% | 2.38% | -61.47% | |
46 Neutral | AU$43.38M | -4.24 | -4.57% | 27.99% | 24.73% | -151.26% | |
41 Neutral | AU$37.50M | -0.73 | -28.98% | 22.86% | -9.65% | -53.79% |
* Consumer Defensive Sector Average
AU:MCA
Murray Cod Australia Limited
0.17
-0.69
-80.14%
AU:AAC
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1.31
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Murray Cod Australia Limited Corporate Events
Murray Cod Australia Director Brett Paton Increases Indirect Shareholding
Sep 7, 2026
Murray Cod Australia Limited has disclosed a change in the relevant interests of director Brett William Fisher Paton in the company’s ordinary shares. The notice, lodged with the ASX, reports that Paton’s indirect holding increased thr...
Director Brett Paton Lifts Stake in Murray Cod Australia via On-Market Share Purchase
Sep 7, 2026
Murray Cod Australia Limited has disclosed a change in director Brett William Fisher Paton’s relevant interest in the company’s ordinary shares. His indirect holding, via Great White Shark Services Pty Ltd as trustee for family and sup...
Murray Cod Australia Director Brett Paton Increases Indirect Shareholding
Sep 6, 2026
Murray Cod Australia Limited has reported a change in the relevant interests of director Brett William Fisher Paton, reflecting an increase in his indirect shareholding in the company. The additional shares are held via Great White Shark Services ...
Murray Cod Australia Director Brett Paton Increases Indirect Shareholding
Sep 6, 2026
Murray Cod Australia Limited has reported a change in the indirect shareholding of director Brett William Fisher Paton following an on-market purchase of additional ordinary shares. Through Great White Shark Services Pty Ltd, acting as trustee for...
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.