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MG Unit Trust

ASX:MGC
Snowflake Description

Excellent balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MGC
ASX
A$86M
Market Cap
  1. Home
  2. AU
  3. Food, Beverage & Tobacco
Company description

MG Unit Trust operates as a special purpose funding vehicle in Australia. The last earnings update was 55 days ago. More info.


Add to Portfolio Compare Print
  • MG Unit Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
MGC Share Price and Events
7 Day Returns
0%
ASX:MGC
-0.4%
AU Food
1.3%
AU Market
1 Year Returns
19.7%
ASX:MGC
-10%
AU Food
9.9%
AU Market
MGC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MG Unit Trust (MGC) 0% 1.9% 0% 19.7% -66.8% -
AU Food -0.4% 2.4% -2.3% -10% -6.5% 31.9%
AU Market 1.3% -0.6% -1% 9.9% 17.6% 17.8%
1 Year Return vs Industry and Market
  • MGC outperformed the Food industry which returned -10% over the past year.
  • MGC outperformed the Market in Australia which returned 9.9% over the past year.
Price Volatility
MGC
Industry
5yr Volatility vs Market

MGC Value

 Is MG Unit Trust undervalued based on future cash flows and its price relative to the stock market?

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 undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for MG Unit Trust. This is due to cash flow or dividend data being unavailable. The share price is A$0.395.
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 MG Unit Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MG Unit Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:MGC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD Not available
ASX:MGC Share Price ** ASX (2019-10-10) in AUD A$0.4
Australia Food Industry PE Ratio Median Figure of 21 Publicly-Listed Food Companies 25.25x
Australia Market PE Ratio Median Figure of 557 Publicly-Listed Companies 17.93x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of MG Unit Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to compare the PE ratio to the industry average as no data exists.
  • Unable to calculate PE ratio for MG Unit Trust, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does MG Unit Trust's expected growth come at a high price?
Raw Data
ASX:MGC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Food Industry PEG Ratio Median Figure of 13 Publicly-Listed Food Companies 1.47x
Australia Market PEG Ratio Median Figure of 357 Publicly-Listed Companies 1.69x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for MG Unit Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on MG Unit Trust's assets?
Raw Data
ASX:MGC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD Not available
ASX:MGC Share Price * ASX (2019-10-10) in AUD A$0.4
Australia Food Industry PB Ratio Median Figure of 43 Publicly-Listed Food Companies 1.24x
Australia Market PB Ratio Median Figure of 1,705 Publicly-Listed Companies 1.8x
ASX:MGC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:MGC Share Price ÷ Book Value per Share (both in AUD)

= 0.4 ÷ 0.36

1.1x

* Primary Listing of MG Unit Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MG Unit Trust is good value based on assets compared to the AU Food industry average.
X
Value checks
We assess MG Unit Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. MG Unit Trust has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MGC Future Performance

 How is MG Unit Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 MG Unit Trust 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 growth 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 it right!
Annual Growth Rate
35.7%
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MG Unit Trust expected to grow at an attractive rate?
  • Unable to compare MG Unit Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare MG Unit Trust's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare MG Unit Trust's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:MGC Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Food Industry Earnings Growth Rate Market Cap Weighted Average 35.7%
Australia Food Industry Revenue Growth Rate Market Cap Weighted Average 9.1%
Australia Market Earnings Growth Rate Market Cap Weighted Average 10.2%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:MGC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:MGC Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
ASX:MGC Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 26 0
2019-03-31 37 0
2018-12-31 -117 0
2018-09-30 -100 0
2018-06-30 82 0
2018-03-31 114 0
2017-12-31 145 0
2017-09-30 111 0
2017-06-30 77 0
2016-12-31 240 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if MG Unit Trust is high growth as no earnings estimate data is available.
  • Unable to determine if MG Unit Trust 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.
Raw Data
ASX:MGC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from MG Unit Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MGC Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
ASX:MGC Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30
2019-03-31
2018-12-31
2018-09-30
2018-06-30
2018-03-31
2017-12-31
2017-09-30
2017-06-30
2016-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if MG Unit Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine MG Unit Trust's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. MG Unit Trust's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Food, Beverage & Tobacco companies here
  3. MG Unit Trust's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess MG Unit Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
MG Unit Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MGC Past Performance

  How has MG Unit Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare MG Unit Trust's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if MG Unit Trust's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare MG Unit Trust's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare MG Unit Trust's 1-year growth to the AU Food industry average as it is not currently profitable.
Earnings and Revenue History
MG Unit Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from MG Unit Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MGC Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 26.03 0.00
2019-03-31 36.66 0.00
2018-12-31 -116.98 0.00
2018-09-30 -99.56 0.00
2018-06-30 82.14 0.00
2018-03-31 113.70 0.00
2017-12-31 145.26 0.00
2017-09-30 111.17 0.00
2017-06-30 77.09 0.00
2016-12-31 240.22 0.00
2016-06-30 184.26 0.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if MG Unit Trust has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if MG Unit Trust has efficiently used its assets last year compared to the AU Food industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if MG Unit Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess MG Unit Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. 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.
MG Unit Trust has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MGC Health

 How is MG Unit Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up MG Unit Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Unable to compare short term assets to short term liabilities as MG Unit Trust has not reported sufficient balance sheet data.
  • MG Unit Trust has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of MG Unit Trust'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 checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • MG Unit Trust has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, 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.
Raw Data

All data from MG Unit Trust Company Filings, last reported 3 months ago.

ASX:MGC Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 78.09 0.00
2019-03-31 78.09 0.00
2018-12-31 60.73 0.00
2018-09-30 60.73 0.00
2018-06-30 52.06 0.00
2018-03-31 52.06 0.00
2017-12-31 175.89 0.00
2017-09-30 175.89 0.00
2017-06-30 132.32 0.00
2016-12-31 0.00
2016-06-30 223.26 0.00
  • MG Unit Trust has no debt.
  • MG Unit Trust has not taken on any debt in the past 5 years.
  • MG Unit Trust has no debt, it does not need to be covered by operating cash flow.
  • MG Unit Trust has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess MG Unit Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. MG Unit Trust has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MGC Dividends

 What is MG Unit Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from MG Unit Trust dividends.
If you bought A$2,000 of MG Unit Trust shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate MG Unit Trust's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate MG Unit Trust's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:MGC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Food Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 3.1%
Australia Market Average Dividend Yield Market Cap Weighted Average of 407 Stocks 4.2%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:MGC Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
ASX:MGC Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2018-08-23 0.000 0.000
2018-02-06 0.000 0.000
2017-08-21 0.000 0.000
2017-02-23 0.056 6.947
2016-08-23 0.078 7.378
2016-02-29 0.070 5.294

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as MG Unit Trust has not reported any payouts.
  • Unable to verify if MG Unit Trust's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of MG Unit Trust's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as MG Unit Trust has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess MG Unit Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can MG Unit Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MG Unit Trust has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MGC Management

 What is the CEO of MG Unit Trust's salary, the management and board of directors tenure and is there insider trading?

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.
  • MG Unit Trust has no CEO, or we have no data on them.
Management Team

Peter Scott

TITLE
General Manager of Sales & Consumer Brands
TENURE
7.8 yrs

Joseph Phillipos

TITLE
Company Secretary of MG Responsible Entity Limited
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure of the MG Unit Trust board of directors in years:

2
Average Tenure
  • The average tenure for the MG Unit Trust board of directors is less than 3 years, this suggests a new board.
Board of Directors

John Spark

TITLE
Chairman of MG Responsible Entity Limited
AGE
70
TENURE
2.5 yrs

David Grant

TITLE
Deputy Chairman of MG Responsible Entity Limited
AGE
55
TENURE
1.1 yrs

Lisa Dwyer

TITLE
Director of MG Responsible Entity Limited
TENURE
3 yrs

Ian Goodin

TITLE
Director of MG Responsible Entity Limited
TENURE
2 yrs

Brock Williams

TITLE
Director of MG Responsible Entity Limited
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by MG Unit Trust individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
28. Aug 19 Buy Rodney Pryor Individual 26. Aug 19 28. Aug 19 575,000 A$0.39 A$225,570
04. Aug 19 Sell Morgan Stanley, Investment Banking and Brokerage Investments Company 27. Jun 18 14. Feb 19 -305,169 A$0.28 A$-85,138
04. Aug 19 Buy Morgan Stanley, Investment Banking and Brokerage Investments Company 08. May 18 31. Jul 19 3,219,014 A$0.33 A$1,068,916
02. Jul 19 Buy Nordlys Investments Pty Ltd Company 14. Jun 19 02. Jul 19 344,873 A$0.86 A$295,434
11. Jan 19 Buy Nordlys Investments Pty Ltd Company 15. Nov 18 11. Jan 19 2,200,000 A$0.30 A$664,135
13. Nov 18 Buy Nordlys Investments Pty Ltd Company 19. Oct 18 13. Nov 18 2,246,161 A$0.32 A$708,176
19. Oct 18 Buy Nordlys Investments Pty Ltd Company 11. Oct 18 18. Oct 18 3,018,733 A$0.32 A$974,013
X
Management checks
We assess MG Unit Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. MG Unit Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MGC News

Simply Wall St News

Who Owns MG Unit Trust (ASX:MGC)?

Today, I will be analyzing MG Unit Trust’s (ASX:MGC) recent ownership structure, an important but not-so-popular subject among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Who Really Owns MG Unit Trust (ASX:MGC)?

Private Company Ownership Potential investors in MGC should also look at another important group of investors: private companies, with a stake of 20.02%, who are primarily invested because of strategic and capital gain interests. … An ownership of this size indicates a strong financial backing and has the potential to influence MGC's business strategy. … Thus, investors should dig deeper into MGC's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

Is MG Unit Trust (ASX:MGC) Undervalued?

MG Unit Trust (ASX:MGC), a food company based in Australia, saw a decent share price growth in the teens level on the ASX over the last few months. … In addition to this, it seems like MG Unit Trust’s share price is quite stable, which could mean there may be less chances to buy low in the future now that it’s fairly valued. … MGC’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value.

Simply Wall St -

Is It The Right Time To Buy MG Unit Trust (ASX:MGC)?

View our latest analysis for MG Unit Trust Is MGC still cheap? … MGC’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value. … If you are no longer interested in MG Unit Trust, you can use our free platform to see my list of over 50 other stocks with a high growth potential.

Simply Wall St -

A Look At MG Unit Trust (ASX:MGC) And The Consumer Discretionary Sector

However, the key uncertainty facing the food product industry specifically is around the change in consumer taste and growth in customer expectation from food producers. … Given the lack of analyst consensus in MGC’s outlook, we could potentially assume the stock’s growth rate broadly follows its food product industry peers. … ASX:MGC PE PEG Gauge Nov 17th 17 The food product industry is trading at a PE ratio of 13x, relatively similar to the rest of the Australian stock market PE of 17x.

Simply Wall St -

Before You Buy MG Unit Trust's (ASX:MGC), You Should Consider This

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … Based on this beta value, MGC appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … Take into account your portfolio sensitivity to the market before you invest in the stock, as well as where we are in the current economic cycle.

Simply Wall St -

MGC Company Info

Description

MG Unit Trust operates as a special purpose funding vehicle in Australia. It holds interest in subordinated notes and convertible preference shares issued by Murray Goulburn Co-operative Co. Limited. The company was founded in 2015 and is based in Southbank, Australia. MG Unit Trust is a subsidiary of Murray Goulburn Co-Operative Co. Limited.

Details
Name: MG Unit Trust
MGC
Exchange: ASX
Founded: 2015
A$85,678,372
216,907,272
Website: http://www.mgcl.com.au/unitholder-communications
Address: MG Unit Trust
Freshwater Place,
Level 15,
Southbank,
Victoria, 3006,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MGC Units Australian Securities Exchange AU AUD 03. Jul 2015
CHIA MGC Units Chi-X Australia AU AUD 03. Jul 2015
CHIA MGC NPV DVP SET OF BRKER FRM OFFER 06/07/15 Chi-X Australia AU AUD 13. Oct 2019
Number of employees
Current staff
Staff numbers
0
MG Unit Trust employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 10:46
End of day share price update: 2019/10/10 00:00
Last estimates confirmation: 2017/08/21
Last earnings filing: 2019/08/19
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.