Want to see AU:MEC full AI Analyst Report?
Top Page
Morphic Ethical Equities Fund Ltd.
(Sydney:MEC)
Select Model
Select Model
Rating:69Neutral
Price Target:
AU$1.50
▲(35.14% Upside)
Action:Downgraded
Date:08/20/26
The score is primarily supported by a conservatively positioned balance sheet with low leverage and an attractive valuation (low P/E). Offsetting these positives are volatile profitability/cash flow history and mixed-to-weak technical momentum signals.
Positive Factors
Diversified Ethical Investment Mandate
The diversified listed-equity structure spreads exposure across holdings, while ethical screening provides a defined investment mandate. This can support repeatable portfolio construction and investor differentiation over the medium term, although returns remain market-dependent.
Negative Factors
Sharp Revenue Decline
The steep year-over-year revenue decline highlights limited predictability in the earnings base. Continued variability could constrain recurring income, make distributions less dependable and reduce visibility into the vehicle’s medium-term operating performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Ethical Investment Mandate
The diversified listed-equity structure spreads exposure across holdings, while ethical screening provides a defined investment mandate. This can support repeatable portfolio construction and investor differentiation over the medium term, although returns remain market-dependent.
Read all positive factors
Morphic Ethical Equities Fund Ltd. (MEC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$37.91M
Dividend Yield2.7%
Average Volume (3M)20.37K
Price to Earnings (P/E)5.5
Beta (1Y)0.37
Revenue Growth-53.08%
EPS Growth52.98%
CountryAU
Employees2
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)N/A
Shares Outstanding30,088,966
10 Day Avg. Volume14,978
30 Day Avg. Volume20,368
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.95
Price to Sales (P/S)223.79
P/FCF Ratio7.10
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
null...
Morphic Ethical Equities Fund Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
82
Very Positive
Cash Flow
69
Positive
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2023 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 189.50K | 8.12M | 186.90K | 11.93M | 886.27K |
| Gross Profit | -477.20K | 8.12M | -580.04K | 11.93M | -196.71K |
| EBITDA | 9.70M | 7.05M | -1.23M | 10.72M | -21.53M |
| Net Income | 7.32M | 5.44M | -950.35K | 7.56M | -15.10M |
Balance Sheet | |||||
| Total Assets | 48.61M | 44.26M | 41.62M | 63.66M | 62.65M |
| Cash, Cash Equivalents and Short-Term Investments | 42.62M | 2.01M | 3.58M | 7.03M | 51.50M |
| Total Debt | 0.00 | 994.29K | 120.00 | 308.03K | 0.00 |
| Total Liabilities | 3.96M | 2.75M | 273.52K | 1.01M | 3.68M |
| Stockholders Equity | 44.64M | 41.51M | 41.34M | 62.65M | 58.96M |
Cash Flow | |||||
| Free Cash Flow | 5.97M | 3.68M | 21.63M | 4.11M | 2.72M |
| Operating Cash Flow | 5.97M | 3.68M | 21.63M | 4.11M | 2.72M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -4.18M | -5.37M | -20.49M | -3.66M | -2.88M |
Morphic Ethical Equities Fund Ltd. Technical Analysis
Positive
1.11
Price Trends
1.27
Negative
1.25
Positive
1.19
Positive
Market Momentum
>-0.01
Negative
57.94
Neutral
53.61
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 1.22, below the 50-day MA of 1.27, and below the 200-day MA of 1.19, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 57.94 is Neutral, neither overbought nor oversold. The STOCH value of 53.61 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 |
|---|---|---|---|---|---|---|---|
81 Outperform | AU$583.95M | 21.26 | 53.29% | 2.70% | 8.51% | 27.42% | |
79 Outperform | AU$558.08M | 10.47 | 9.43% | 4.41% | 13.02% | 9.62% | |
69 Neutral | AU$37.91M | 5.50 | 17.14% | 1.33% | -53.08% | 52.98% | |
69 Neutral | AU$693.82M | 35.93 | 2.49% | 5.33% | 24.55% | -56.59% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | AU$3.16B | 19.56 | 6.21% | 3.67% | 44.63% | -63.30% | |
60 Neutral | AU$471.95M | 38.77 | 2.56% | 6.56% | 86.21% | -44.46% |
* Financial Sector Average
AU:MEC
Morphic Ethical Equities Fund Ltd.
1.26
0.14
12.20%
AU:PIC
Perpetual Equity Investment Co. Ltd.
1.23
0.02
1.32%
AU:AEF
Australian Ethical Investment Ltd
4.94
-2.25
-31.29%
AU:HM1
Hearts and Minds Investments Ltd
3.03
-0.11
-3.50%
AU:FGX
Future Generation Australia Limited Stapled Security
1.36
0.11
8.75%
AU:MFF
MFF Capital Investments Ltd.
5.39
0.84
18.59%
Morphic Ethical Equities Fund Ltd. Corporate Events
Morphic Ethical Equities Fund Trades at Discount to NTA
Aug 20, 2026
Morphic Ethical Equities Fund Ltd., listed on the ASX as MEC, is an ethical equities investment company focused on global responsible investing and ESG-aligned strategies. It provides investors with exposure to listed shares screened through ethic...
Morphic Ethical Equities Fund Declares Quarterly Dividend for June 2026
Aug 18, 2026
Morphic Ethical Equities Fund Ltd. has declared a new quarterly dividend on its ordinary fully paid MEC shares for the period ended 30 June 2026. The distribution has been set at AUD 0.014 per share, with an ex-dividend date of 24 August 2026, a r...
Morphic Ethical Equities Fund Updates ASX Corporate Governance Disclosures
Aug 18, 2026
Morphic Ethical Equities Fund Limited has lodged its updated corporate governance statement for the year ended 30 June 2026, confirming it is available on the company’s website. The board-approved document outlines how the fund complies with...
Morphic Ethical Equities Fund Lifts Profit and Asset Backing in FY2026
Aug 18, 2026
Morphic Ethical Equities Fund Limited reported net investment income of $10.97 million for the year ended 30 June 2026, with profit before tax of $9.70 million and after-tax profit of $7.32 million, all showing modest year-on-year growth. The comp...
Morphic Ethical Equities Fund Cuts Capital via On-Market Buy-Back
Aug 17, 2026
Morphic Ethical Equities Fund Ltd., an ethical equities-focused listed investment company trading on the ASX as MEC, provides investors access to a diversified portfolio aligned with environmental and social responsibility criteria. The fund cater...
Morphic Ethical Equities Fund Reports NTA and Trading Discount
Aug 17, 2026
Morphic Ethical Equities Fund Ltd., an ASX-listed investment company focused on global responsible and ethical equities, reported its estimated unaudited net tangible assets per share as at 7 August 2026. The fund continues to position itself as a...
Morphic Ethical Equities Fund Continues On-Market Share Buy-Back Program
Aug 17, 2026
Morphic Ethical Equities Fund Ltd. has updated the market on its ongoing on-market share buy-back program for its ordinary fully paid shares, listed under the ASX code MEC. The latest filing shows a cumulative 1,770,990 shares repurchased prior to...
Morphic Ethical Equities Fund Hit by AI Sell-Off but Sticks to Long-Term Theme
Aug 14, 2026
Morphic Ethical Equities Fund Limited reported a sharp 12.2% net decline in July, significantly underperforming its global equity benchmark, although its 12‑month return of 12.0% is marginally ahead of the index. The setback was driven large...
Morphic Ethical Equities Fund Reports July NTA, Shares Trade at Discount
Aug 11, 2026
Morphic Ethical Equities Fund Ltd., trading on the ASX as MEC, is an ethical equities investment fund that caters to investors interested in responsible and sustainable investment strategies. It focuses on delivering equity market exposure while a...
Morphic Ethical Equities Fund Reports Ongoing On‑Market Share Buy‑Back
Aug 9, 2026
Morphic Ethical Equities Fund Ltd. has issued an updated notification to the ASX confirming the ongoing execution of its on-market share buy-back program for its ordinary fully paid MEC securities. The latest daily filing, dated 10 August 2026, re...
Morphic Ethical Equities Fund Updates Daily On-Market Buy-Back
Aug 6, 2026
Morphic Ethical Equities Fund Limited, an ASX-listed ethical investment company, provides access to a portfolio of responsibly screened equities for investors seeking ethically aligned exposure to listed markets. The fund operates under the ticker...
Morphic Ethical Equities Fund Updates Daily On-Market Share Buy-Back
Aug 5, 2026
Morphic Ethical Equities Fund Ltd., an ASX-listed ethical equities investment fund trading under ticker MEC, continues to manage a portfolio of ordinary fully paid shares for investors seeking responsibly screened equity exposure. The company oper...
Morphic Ethical Equities Fund Updates Daily On-Market Share Buy-Back
Aug 4, 2026
Morphic Ethical Equities Fund Limited, listed on the ASX under the code MEC, is an ethically focused listed investment company offering ordinary fully paid shares that provide exposure to a portfolio of responsibly screened equities. Its strategy ...
Morphic Ethical Equities Fund Updates Daily On-Market Buy-Back Activity
Aug 2, 2026
Morphic Ethical Equities Fund Ltd., listed on the ASX under ticker MEC, manages a portfolio of ethically screened ordinary fully paid shares for investors seeking responsible equity exposure. The fund targets stakeholders who prioritize sustainabi...
Morphic Ethical Equities Fund Reports NTA Discount to Market Price
Jul 30, 2026
Morphic Ethical Equities Fund Ltd. reported its estimated unaudited net tangible assets per share as at 24 July 2026, providing both pre-tax and post-tax figures alongside the closing share price. The disclosure highlights that the fund’s sh...
Morphic Ethical Equities Fund Reports July NTA and Share Price Discount
Jul 23, 2026
Morphic Ethical Equities Fund Ltd. has released an update on its estimated unaudited net tangible assets per share as at 17 July 2026, alongside its closing share price. The fund reported an estimated pre-tax NTA of $1.4354 per share, a post-tax N...
Morphic Ethical Equities Fund rides AI boom to strong FY26 while broadening portfolio
Jul 15, 2026
Morphic Ethical Equities Fund reported a robust June quarter, delivering a 24.6% net return versus 13.6% for its global equity benchmark and posting a 27.4% gain for FY26 against 17.0% for the index. Management attributed the outperformance to con...
Morphic Ethical Equities Fund Reveals NTA and Share Price Update
Jul 15, 2026
Morphic Ethical Equities Fund Ltd., listed on the ASX under the ticker MEC, operates in the responsible investment and ethical equities sector. The fund focuses on global listed equities, aiming to provide investors with exposure to companies that...
Morphic Ethical Equities Fund Reports June NTA Showing Price Discount
Jul 12, 2026
Morphic Ethical Equities Fund Ltd., an ASX-listed ethical investment company, reported its estimated unaudited net tangible assets per share as at 30 June 2026. The fund, which focuses on responsibly screened global equities, continues to position...
Morphic Ethical Equities Fund Reports NTA Showing Market Discount
Jul 3, 2026
Morphic Ethical Equities Fund Ltd. has reported its estimated unaudited net tangible assets per share as at 26 June 2026, highlighting a pre-tax NTA of $1.6049 and a post-tax NTA of $1.4785. The closing share price stood at $1.360, indicating that...
Morphic Ethical Equities Fund Updates On-Market Share Buy-Back Activity
Jun 30, 2026
Morphic Ethical Equities Fund Ltd. has issued an updated notification of its ongoing on-market share buy-back program for its ordinary fully paid shares on the ASX. The latest daily disclosure shows a cumulative 1,585,707 shares repurchased prior ...
Morphic Ethical Equities Fund Updates Market on June NTA and Share Price
Jun 25, 2026
Morphic Ethical Equities Fund Limited reported its estimated unaudited net tangible assets per share as at 19 June 2026, providing both pre-tax and post-tax NTA figures alongside the prevailing share price. The disclosure offers investors updated ...
Morphic Ethical Equities Fund Issues Daily Update on Ongoing Share Buy-Back
Jun 24, 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. The latest daily update, dated 25 June 2026, reports that the fund has...
Morphic Ethical Equities Fund Continues On-Market Share Buy-Back
Jun 23, 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 under the code MEC. The latest update, dated 24 June 2026, reports that...
Morphic Ethical Equities Fund Updates ASX on Ongoing Share Buy-Back
Jun 22, 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, trading under the code MEC. The latest update, dated 23 June 2026, rep...
Morphic Ethical Equities Fund Rides AI Rally to Outperform Global Markets
Jun 22, 2026
Morphic Ethical Equities Fund Limited reported a strong May performance, delivering a 9.0% net return versus 5.1% for its global equity benchmark, and has significantly outperformed over the past year. The result reflects heavy exposure to the ong...
Morphic Ethical Equities Fund Cuts Share Count via On-Market Buyback
Jun 22, 2026
Morphic Ethical Equities Fund Ltd. has cancelled 120,994 ordinary fully paid shares as part of an on-market buyback, reducing its total issued capital. The cessation of these securities, effective June 22, 2026, reflects capital management activit...
Morphic Ethical Equities Fund Updates NTA and Share Price Metrics
Jun 19, 2026
Morphic Ethical Equities Fund Ltd. reported its estimated unaudited net tangible assets per share as at 12 June 2026, providing both pre-tax and post-tax NTA figures alongside the closing share price. The disclosure gives investors an updated view...
Morphic Ethical Equities Fund Continues Active On-Market Share Buy-Back
Jun 19, 2026
Morphic Ethical Equities Fund Limited has issued 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. The latest daily report shows a cumulat...
Morphic Ethical Equities Fund Trades Below Estimated NTA in June Update
Jun 17, 2026
Morphic Ethical Equities Fund Ltd. reported its estimated unaudited net tangible assets per share as of 5 June 2026, with a pre-tax NTA of $1.5410 and a post-tax NTA of $1.4303. The company also disclosed a closing share price of $1.305, indicatin...
Morphic Ethical Equities Fund Updates Daily On‑Market Buy-Back Activity
Jun 4, 2026
Morphic Ethical Equities Fund Limited, an ASX-listed ethical investment company trading under the code MEC, invests in ordinary fully paid securities while applying responsible investment principles. The fund targets investors seeking exposure to ...
Morphic Ethical Equities Fund Continues On-Market Share Buy-Back
Jun 3, 2026
Morphic Ethical Equities Fund Limited has reported ongoing activity under its on-market share buy-back program for its ordinary fully paid shares, listed as MEC on the ASX. The company continues to reduce its share count as part of a capital manag...
Morphic Ethical Equities Fund Updates Daily On‑Market Buy‑Back Activity
Jun 2, 2026
Morphic Ethical Equities Fund Limited, an ASX-listed ethical investment company trading under the ticker MEC, offers investors access to a diversified portfolio of equities selected using responsible investment criteria. The fund structures its ca...
Morphic Ethical Equities Fund Cancels Shares After On-Market Buyback
May 25, 2026
Morphic Ethical Equities Fund Limited has announced the cancellation of 186,258 ordinary fully paid shares following an on-market buyback completed on May 25, 2026. The reduction in issued capital through this buyback may marginally enhance value ...
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.