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Morphic Ethical Equities Fund Ltd. (MEC) AI Stock Analysis
Morphic Ethical Equities Fund Ltd.
(ASX:MEC)
The overall score is driven primarily by the company's exceptional balance sheet and highly attractive valuation. With zero debt, excellent cash conversion, and a low P/E ratio, the stock offers compelling fundamental value. These significant strengths easily offset the moderately bearish short-term technical indicators.
Morphic Ethical Equities Fund Ltd. (MEC) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 33.62M
- Dividend Yield
- 3.04%
- Average Volume (3M)
- 5,963
- Price to Earnings (P/E)
- 4.9
- Beta (1Y)
- 0.31
- Revenue Growth
- -53.08%
- EPS Growth
- 52.98%
- Country
- Australia
- Employees
- 2
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Asset Management
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 com...
How the Company Makes Money
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Morphic Ethical Equities Fund Ltd. Financial Statement Overview
Summary
The financial profile is highly robust, highlighted by a flawless, debt-free balance sheet and excellent free cash flow conversion. Despite inherent earnings volatility in asset management, recent high profitability demonstrates significant fundamental strength.
Income Statement
65PositiveBalance Sheet
90Very PositiveCash Flow
85Very Positive| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2023 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 128.33K | 189.50K | 403.86K | 72.16K | 186.90K | 574.06K |
| Gross Profit | -201.05K | -477.20K | -260.27K | -762.63K | -580.04K | -699.71K |
| EBITDA | 8.05M | 9.70M | 7.05M | 10.72M | -1.23M | 19.84M |
| Net Income | 6.06M | 7.32M | 5.44M | 7.56M | -950.35K | 13.94M |
Balance Sheet | ||||||
| Total Assets | 48.61M | 48.61M | 44.26M | 63.66M | 41.62M | 90.11M |
| Cash, Cash Equivalents and Short-Term Investments | 42.62M | 42.62M | 2.01M | 7.03M | 3.58M | 16.10M |
| Total Debt | 0 | 0 | 994.29K | 308.03K | 120 | 10.06M |
| Total Liabilities | 3.96M | 3.96M | 2.75M | 1.01M | 273.52K | 16.95M |
| Stockholders Equity | 44.64M | 44.64M | 41.51M | 62.65M | 41.34M | 73.16M |
Cash Flow | ||||||
| Free Cash Flow | 3.98M | 5.97M | 3.68M | 4.11M | 21.63M | -2.32M |
| Operating Cash Flow | 3.98M | 5.97M | 3.68M | 4.11M | 21.63M | -2.32M |
| Investing Cash Flow | 0 | 0 | 0 | 0 | 0 | 7.74M |
| Financing Cash Flow | -2.20M | -4.18M | -5.37M | -3.66M | -20.49M | -1.91M |
Morphic Ethical Equities Fund Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MEC, the sentiment is Negative. The current price of 1.12 is below the 20-day moving average (MA) of 1.17, below the 50-day MA of 1.18, and below the 200-day MA of 1.20, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 23.29 is Positive, neither overbought nor oversold. The STOCH value of 25.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MEC.
Morphic Ethical Equities Fund Ltd. Peers Comparison
Overall Rating
AU:AEF77Outperform- AU:MEC77Outperform
AU:FGX69Neutral
AU:MFF67Neutral
AU:HM166Neutral
AU:PIC60Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| AU:AEF | 77Outperform | AUD 488.33M | 18.65 | 53.29% | 4.20% | 8.51% | 27.42% |
| AU:MEC | 77Outperform | AUD 33.62M | 4.89 | 17.14% | 3.04% | -53.08% | 52.98% |
| AU:FGX | 69Neutral | AUD 568.38M | 20.88 | 4.84% | 5.22% | -31.59% | -28.69% |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| AU:MFF | 67Neutral | AUD 3.12B | 18.98 | 6.21% | 4.11% | 44.63% | -63.30% |
| AU:HM1 | 66Neutral | AUD 634.28M | 13.88 | 6.01% | 7.04% | 24.55% | -56.59% |
| AU:PIC | 60Neutral | AUD 414.16M | 34.02 | 2.56% | 7.41% | 86.21% | -44.46% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:MEC | Morphic Ethical Equities Fund Ltd. | 1.12 | -0.04 | -3.61% | |
| AU:PIC | Perpetual Equity Investment Co. Ltd. | 1.07 | -0.06 | -5.45% | |
| AU:AEF | Australian Ethical Investment Ltd | 4.29 | -2.41 | -35.97% | |
| AU:HM1 | Hearts and Minds Investments Ltd | 2.77 | -0.32 | -10.36% | |
| AU:FGX | Future Generation Australia Limited Stapled Security | 1.38 | 0.09 | 7.06% | |
| AU:MFF | MFF Capital Investments Ltd. | 5.23 | 0.67 | 14.77% |
Morphic Ethical Equities Fund Ltd. Corporate Events
Morphic Ethical Equities Fund Trades at Discount to NTA
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 ethical...
Morphic Ethical Equities Fund Declares Quarterly Dividend for June 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 reco...
Morphic Ethical Equities Fund Updates ASX Corporate Governance Disclosures
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 AS...
Morphic Ethical Equities Fund Lifts Profit and Asset Backing in FY2026
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 company...
Morphic Ethical Equities Fund Cuts Capital via On-Market Buy-Back
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 caters t...
Morphic Ethical Equities Fund Reports NTA and Trading Discount
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 tr...
Morphic Ethical Equities Fund Continues On-Market Share Buy-Back Program
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 th...
Morphic Ethical Equities Fund Hit by AI Sell-Off but Sticks to Long-Term Theme
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 largely...
Morphic Ethical Equities Fund Reports July NTA, Shares Trade at Discount
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 adhe...
Morphic Ethical Equities Fund Reports Ongoing On‑Market Share Buy‑Back
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, repor...
Morphic Ethical Equities Fund Updates Daily On-Market Buy-Back
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 ME...
Morphic Ethical Equities Fund Updates Daily On-Market Share Buy-Back
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 operate...
Morphic Ethical Equities Fund Updates Daily On-Market Share Buy-Back
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 tar...
Morphic Ethical Equities Fund Updates Daily On-Market Buy-Back Activity
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 sustainabilit...
Morphic Ethical Equities Fund Reports NTA Discount to Market Price
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 share...
Morphic Ethical Equities Fund Reports July NTA and Share Price Discount
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 NTA...
Morphic Ethical Equities Fund rides AI boom to strong FY26 while broadening portfolio
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 concen...
Morphic Ethical Equities Fund Reveals NTA and Share Price Update
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 me...
Morphic Ethical Equities Fund Reports June NTA Showing Price Discount
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 it...
Morphic Ethical Equities Fund Reports NTA Showing Market Discount
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 th...
Morphic Ethical Equities Fund Updates On-Market Share Buy-Back Activity
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 to...
Morphic Ethical Equities Fund Updates Market on June NTA and Share Price
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 tra...
Morphic Ethical Equities Fund Issues Daily Update on Ongoing Share Buy-Back
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 re...
Morphic Ethical Equities Fund Continues On-Market Share Buy-Back
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 a...
Morphic Ethical Equities Fund Updates ASX on Ongoing Share Buy-Back
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, report...
Morphic Ethical Equities Fund Rides AI Rally to Outperform Global Markets
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 ongoin...
Morphic Ethical Equities Fund Cuts Share Count via On-Market Buyback
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 activity t...
Morphic Ethical Equities Fund Updates NTA and Share Price Metrics
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 of...
Morphic Ethical Equities Fund Continues Active On-Market Share Buy-Back
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 cumulative...
Morphic Ethical Equities Fund Trades Below Estimated NTA in June Update
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, indicating t...
Morphic Ethical Equities Fund Updates Daily On‑Market Buy-Back Activity
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 equ...
Morphic Ethical Equities Fund Continues On-Market Share Buy-Back
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 manageme...
Morphic Ethical Equities Fund Updates Daily On‑Market Buy‑Back Activity
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 capit...
Morphic Ethical Equities Fund Cancels Shares After On-Market Buyback
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 for...
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 20, 2026