Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Clean Seas Seafood. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
Clean Seas Seafood's
is considered below, and whether this is a fair price.
Price based on past earnings
Clean Seas Seafood's earnings available for a low price, and how does
this compare to other companies in the same industry?
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Clean Seas Seafood has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
and how much profit it is expected to make.
Future estimates come from
professional analysts. Just like forecasting the weather, they don’t always get
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Clean Seas Seafood
expected to grow at an
Unable to compare Clean Seas Seafood's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Clean Seas Seafood's earnings growth to the Australia market average as no estimate data is available.
Unable to compare Clean Seas Seafood's revenue growth to the Australia market average as no estimate data is available.
Unable to determine if Clean Seas Seafood is high growth as no earnings estimate data is available.
Unable to determine if Clean Seas Seafood is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Clean Seas Seafood's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
Clean Seas Seafood
has a total score of
4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Clean Seas Seafood's finances.
The net worth of a company is the difference between its assets and liabilities.
Clean Seas Seafood is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Clean Seas Seafood's cash and other short term assets cover its long term commitments.
This treemap shows a more detailed breakdown of
Clean Seas Seafood's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Debt is covered by short term assets, assets are 26.4x debt.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. David J. Head, BEc. has been Chief Executive Officer, Managing Director and Director at Clean Seas Tuna Limited since January 28, 2016. Mr. Head serves as Managing Director and Chief Executive Officer of American Banknote Australasia Ltd., trading as Leigh-Mardon. Mr. Head has over 25 years' experience as a Chief Executive, Non-Executive Director and Corporate Advisor in a wide range of Industry Sectors in Australia, New Zealand, Asia and Europe in both public and privately owned companies. After working with multi-national corporations in Australia and overseas (including Chief Executive roles at Pepsi and Lion Nathan), Mr. Head served as the Chief Executive of several privately owned companies, including the Calum Textile Group and Leigh Mardon Group where he led a turnaround in shareholder equity of more than $100 million. Mr. Head has extensive Board experience (as both Non-Executive and Executive Director) in Australia, New Zealand, Asia and Europe including as a Non-Executive Director on the Board of ASX Listed Snack Brands Limited. He served as a Non-Executive Director of Snack Foods Limited since October 1999.
David's compensation has increased by more than 20% in the past year.
David's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure
Average tenure of the
Clean Seas Seafood
management team in years:
The tenure for the Clean Seas Seafood management team is about average.
MD, CEO & Director
CFO & Company Secretary
Marine Production Manager
General Manager of Aquaculture
Board of Directors Tenure
Average tenure of the
Clean Seas Seafood
board of directors in years:
The average tenure for the Clean Seas Seafood board of directors is less than 3 years, this suggests a new board.
Clean Seas Seafood Limited operates in the aquaculture industry in Australia and internationally. It operates through two segments, Finfish Sales and Tuna Operations. The company engages in the propagation, harvesting, production, and marketing of Hiramasa yellowtail kingfish; and production and sale of fingerlings, mulloways, and tuna. It is also involved in the research and development activities for the production of southern Bluefin tuna. The company serves seafood distributors and wholesalers. Clean Seas Seafood Limited was founded in 2000 and is based in Port Lincoln, Australia.
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.