Morphic Ethical Equities Fund Ltd. AI Stock Analysis
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Morphic Ethical Equities Fund Ltd. (MEC) AI Stock Analysis
Morphic Ethical Equities Fund Ltd.
(ASX:MEC)
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.
Morphic Ethical Equities Fund Ltd. (MEC) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 33.32M
- Dividend Yield
- 3.06%
- Average Volume (3M)
- 5,350
- Price to Earnings (P/E)
- 4.8
- Beta (1Y)
- 0.30
- 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
MEC makes money primarily through investment returns generated by its managed portfolio. This includes (1) capital gains or losses from changes in the market value of its equity holdings (realised when positions are sold and unrealised as portfolio v...
Morphic Ethical Equities Fund Ltd. Financial Statement Overview
Summary
Strong balance sheet with minimal leverage (Balance Sheet Score 82) supports financial resilience, while cash generation is generally positive but inconsistent (Cash Flow Score 69). Profitability and revenue are volatile with loss years and sharp swings (Income Statement Score 58), keeping the overall financial profile solid but uneven.
Income Statement
58NeutralBalance Sheet
82Very PositiveCash Flow
69Positive| 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 1.11 is below the 20-day moving average (MA) of 1.14, below the 50-day MA of 1.16, and below the 200-day MA of 1.20, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 35.30 is Neutral, neither overbought nor oversold. The STOCH value of 58.33 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:AEF81Outperform- AU:MEC69Neutral
AU:FGX69Neutral
AU:HM167Neutral
AU:MFF67Neutral
AU:PIC60Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| AU:AEF | 81Outperform | AUD 527.03M | 19.78 | 53.29% | 3.90% | 8.51% | 27.42% |
| AU:MEC | 69Neutral | AUD 33.32M | 4.85 | 17.14% | 3.06% | -53.08% | 52.98% |
| AU:FGX | 69Neutral | AUD 543.67M | 20.12 | 4.84% | 5.61% | -31.59% | -28.69% |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| AU:HM1 | 67Neutral | AUD 664.05M | 14.48 | 6.01% | 6.72% | 24.55% | -56.59% |
| AU:MFF | 67Neutral | AUD 3.14B | 18.98 | 6.21% | 3.98% | 44.63% | -63.30% |
| AU:PIC | 60Neutral | AUD 419.94M | 34.49 | 2.56% | 7.31% | 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. | 1.11 | -0.04 | -3.31% | |
| AU:PIC | Perpetual Equity Investment Co. Ltd. | 1.09 | -0.04 | -3.71% | |
| AU:AEF | Australian Ethical Investment Ltd | 4.61 | -1.30 | -22.02% | |
| AU:HM1 | Hearts and Minds Investments Ltd | 2.90 | -0.04 | -1.36% | |
| AU:FGX | Future Generation Australia Limited Stapled Security | 1.32 | 0.08 | 6.88% | |
| AU:MFF | MFF Capital Investments Ltd. | 5.28 | 0.72 | 15.87% |
Morphic Ethical Equities Fund Ltd. Corporate Events
Morphic Ethical Equities Fund Cancels 8,160 Shares
Morphic Ethical Equities Fund Limited announced the cancellation of 8,160 fully paid ordinary shares following an on-market buy-back completed on November 9, 2026. The cancellation reduces the fund’s issued securities and reflects ongoing capital man...
Morphic Ethical Equities Fund Reports Further Share Buyback
Morphic Ethical Equities Fund Limited operates as an ethical equities investment fund, providing investors with exposure to listed companies selected according to ethical considerations.The fund reported that it bought back 8,160 ordinary shares on m...
Morphic Fund Shares Trade Below Estimated NTA
Morphic Ethical Equities Fund Limited, an ethical and responsible equity investment fund, reported estimated unaudited net tangible assets of $1.2043 per share before tax and $1.1760 after tax as at 23 October 2026. Its shares closed at $1.165, below...
Morphic Ethical Equities Fund Hit by AI Sell-Off but Sees Strong Underlying Demand
Morphic Ethical Equities Fund Limited reported a net return of 1.3 percent in September, underperforming the MSCI All Countries World Index’s 1.9 percent, and has delivered 2.3 percent over the past year versus the benchmark’s 11.2 percent. The fund’...
Morphic Ethical Equities Fund Reports Updated NTA and Share Price
Morphic Ethical Equities Fund Ltd. has released its estimated unaudited net tangible assets per share as at 16 October 2026, providing updated valuation metrics for shareholders. The fund reported a pre-tax NTA of $1.2417 per share, a post-tax NTA of...
Morphic Ethical Equities Fund Calls 2026 AGM, Seeks Wider Buyback Authority
Morphic Ethical Equities Fund Limited has convened its 2026 Annual General Meeting for 24 November in North Sydney, where shareholders will receive the financial, directors’ and auditor’s reports for the year ended 30 June 2026. The meeting will also...
Morphic Ethical Equities Fund Cancels Shares Following On-Market Buy-Back
Morphic Ethical Equities Fund Ltd., listed on the ASX as MEC, operates as an ethical investment vehicle, providing shareholders with access to equity markets via a listed fund structure that applies responsible investing principles to its portfolio c...
Morphic Ethical Equities Fund Faces Termination of Management Agreement
Morphic Ethical Equities Fund Limited has announced that its investment manager, Morphic Asset Management, has indicated an intention to terminate the investment management agreement that has governed its role since 2017. Under the terms of the agree...
Morphic Ethical Equities Fund Updates Daily On-Market Share Buy-Back
Morphic Ethical Equities Fund Ltd., an ASX-listed ethical investment company trading under ticker MEC, manages a portfolio of responsibly screened equities for investors through ordinary fully paid shares. The fund operates in the listed investment s...
Morphic Ethical Equities Fund Updates Daily On‑Market Share Buy‑Back
Morphic Ethical Equities Fund Ltd. has issued an updated notification to the ASX confirming the ongoing on‑market buy‑back of its ordinary fully paid MEC shares. The latest daily report shows the fund has repurchased a cumulative 1,879,377 shares bef...
Morphic Ethical Equities Fund Reports Updated NTA and Share Price
Morphic Ethical Equities Fund Ltd. has released its estimated unaudited net tangible assets per share as at 18 September 2026, reporting a pre-tax NTA of $1.3539 and a post-tax NTA of $1.2884. The company also disclosed a closing share price of $1.18...
Morphic Ethical Equities Fund updates daily on-market share buy-back
Morphic Ethical Equities Fund Limited has provided an updated notification to the Australian Securities Exchange regarding its ongoing on-market share buy-back program for its ordinary fully paid shares under the code MEC. The latest update, dated 24...
Morphic Ethical Equities Fund Extends Daily On-Market Share Buy-Back
Morphic Ethical Equities Fund Ltd. has issued an update confirming the continuation of its on-market share buy-back program for its MEC ordinary fully paid shares. The latest daily notification reports that a total of 1,845,743 shares had been repurc...
Morphic Ethical Equities Fund Hit by AI Sell-Off but Backs Data Centre Bets
Morphic Ethical Equities Fund Limited reported a net return of -3.7% for August 2026, underperforming the MSCI All Countries World Index’s 0.6% gain and bringing its 12‑month return to 5.0% versus the benchmark’s 11.7%. The fund’s performance was wei...
Morphic Ethical Equities Fund Reports NTA Showing Share Price Discount
Morphic Ethical Equities Fund Ltd., an ASX-listed ethical investment company, manages a portfolio of equities selected under responsible investment guidelines for global investors. The fund positions itself within the growing ethical and sustainable...
Morphic Ethical Equities Fund Cancels Shares in On-Market Buy-Back
Morphic Ethical Equities Fund Ltd. has cancelled 74,753 ordinary fully paid shares through an on-market buy-back, as disclosed in its latest capital notification to the ASX. The reduction in issued capital may marginally enhance value per remaining s...
Morphic Ethical Equities Fund Updates NTA and Share Price for Early September 2026
Morphic Ethical Equities Fund Ltd. reported its estimated unaudited net tangible assets per share as of 4 September 2026, providing both pre-tax and post-tax figures alongside the latest closing share price. The disclosure gives investors an updated...
Morphic Ethical Equities Fund Posts August 2026 NTA and Share Price Update
Morphic Ethical Equities Fund Ltd. has released its estimated unaudited net tangible assets per share as at 31 August 2026, highlighting a pre-tax NTA of $1.3364 and a post-tax NTA of $1.2753. The company also reported a closing share price of $1.195...
Morphic Ethical Equities Fund Updates Daily Share Buy-Back Activity
Morphic Ethical Equities Fund Ltd. has issued an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares, MEC. The latest daily report shows the fund had repurchased a cumulative 1,839...
Morphic Ethical Equities Fund Updates Daily On-Market Share Buy-Back
Morphic Ethical Equities Fund Limited has issued an update on its ongoing on-market share buy-back program for its ordinary fully paid shares listed on the ASX under the code MEC. The latest notification, dated 8 September 2026, confirms that a total...
Morphic Ethical Equities Fund Reports Ongoing On‑Market Share Buy‑Back Activity
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. The latest daily disclosure states that a total of 1,819,...
Morphic Ethical Equities Fund Updates Investors on Ongoing Share Buy-Back
Morphic Ethical Equities Fund Ltd., an ASX-listed ethical equities investment fund trading under the ticker MEC, invests in a portfolio of listed shares screened for ethical criteria. Operating within the responsible investment segment of the asset m...
Morphic Ethical Equities Fund Reports August NTA and Share Price Discount
Morphic Ethical Equities Fund Ltd. reported its estimated unaudited net tangible assets per share as at 28 August 2026, with a pre-tax NTA of $1.3330 and a post-tax NTA of $1.2727. The company also disclosed a closing share price of $1.195, providing...
Morphic Ethical Equities Fund Issues Daily Update on MEC Share Buy-Back
Morphic Ethical Equities Fund Ltd., trading on the ASX under the code MEC, is an ethical investment fund that offers ordinary fully paid shares giving investors exposure to a portfolio of responsibly screened equities. The company operates in the lis...
Morphic Ethical Equities Fund Reports NTA and Share Price Discount
Morphic Ethical Equities Fund Ltd. has reported its estimated unaudited net tangible assets per share as of 21 August 2026, with a pre-tax NTA of $1.3826 and a post-tax NTA of $1.3116, against a closing share price of $1.26. The announcement offers i...
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 ASX Corp...
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 by an...
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...
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