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Mareterram

ASX:MTM
Snowflake Description

Reasonable growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MTM
ASX
A$38M
Market Cap
  1. Home
  2. AU
  3. Food, Beverage & Tobacco
Company description

Mareterram Limited engages in the integrated agribusiness in Australia and internationally. The last earnings update was 22 days ago. More info.


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MTM Share Price and Events
7 Day Returns
0%
ASX:MTM
0.5%
AU Food
0.7%
AU Market
1 Year Returns
-10.9%
ASX:MTM
-11.6%
AU Food
5.8%
AU Market
MTM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mareterram (MTM) 0% 0% - -10.9% -24.6% -44.3%
AU Food 0.5% 2.3% 3.6% -11.6% 4.3% 17.9%
AU Market 0.7% 1.7% 7.7% 5.8% 19.8% 5.6%
1 Year Return vs Industry and Market
  • MTM underperformed the Market in Australia which returned 5.8% over the past year.
Price Volatility
MTM
Industry
5yr Volatility vs Market

Value

 Is Mareterram 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
Here we compare the current share price of Mareterram to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mareterram.

ASX:MTM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.3%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:MTM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.549 (1 + (1- 30%) (52.63%))
0.833
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.833 * 5.96%)
7.28%

Discounted Cash Flow Calculation for ASX:MTM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mareterram is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:MTM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.28%)
2019 3.40 Analyst x1 3.17
2020 3.85 Analyst x2 3.35
2021 3.85 Analyst x2 3.12
2022 4.90 Analyst x1 3.70
2023 5.30 Analyst x1 3.73
2024 5.63 Est @ 6.19% 3.69
2025 5.91 Est @ 5.02% 3.61
2026 6.16 Est @ 4.21% 3.51
2027 6.38 Est @ 3.64% 3.39
2028 6.59 Est @ 3.24% 3.26
Present value of next 10 years cash flows A$34.54
ASX:MTM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$6.59 × (1 + 2.31%) ÷ (7.28% – 2.31%)
A$135.77
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$135.77 ÷ (1 + 7.28%)10
A$67.25
ASX:MTM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$34.54 + A$67.25
A$101.78
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$101.78 / 154.54
A$0.66
ASX:MTM Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.66
Current discount Discount to share price of A$0.25
= -1 x (A$0.25 - A$0.66) / A$0.66
62.8%

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

Current Discount
Amount off the current price Mareterram is available for.
Intrinsic value
>50%
Share price is A$0.245 vs Future cash flow value of A$0.65864
Current Discount Checks
For Mareterram to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mareterram's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Mareterram's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Mareterram's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mareterram's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:MTM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.00
ASX:MTM Share Price ** ASX (2019-04-10) in AUD A$0.25
Australia Food Industry PE Ratio Median Figure of 20 Publicly-Listed Food Companies 20.07x
Australia Market PE Ratio Median Figure of 544 Publicly-Listed Companies 16.06x

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

** Primary Listing of Mareterram.

ASX:MTM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:MTM Share Price ÷ EPS (both in AUD)

= 0.25 ÷ 0.00

115.78x

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

  • Mareterram is overvalued based on earnings compared to the AU Food industry average.
  • Mareterram is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Mareterram's expected growth come at a high price?
Raw Data
ASX:MTM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 115.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
28.9%per year
Australia Food Industry PEG Ratio Median Figure of 13 Publicly-Listed Food Companies 1.55x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.35x

*Line of best fit is calculated by linear regression .

ASX:MTM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 115.78x ÷ 28.9%

4.01x

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

  • Mareterram is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Mareterram's assets?
Raw Data
ASX:MTM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.19
ASX:MTM Share Price * ASX (2019-04-10) in AUD A$0.25
Australia Food Industry PB Ratio Median Figure of 43 Publicly-Listed Food Companies 1.31x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.69x
ASX:MTM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.25 ÷ 0.19

1.31x

* Primary Listing of Mareterram.

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

  • Mareterram is overvalued based on assets compared to the AU Food industry average.
X
Value checks
We assess Mareterram'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. Mareterram has a total score of 2/6, 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.

Future Performance

 How is Mareterram expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
28.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mareterram expected to grow at an attractive rate?
  • Mareterram's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Mareterram's earnings growth is expected to exceed the Australia market average.
  • Mareterram's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:MTM Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:MTM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 28.9%
ASX:MTM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 6.8%
Australia Food Industry Earnings Growth Rate Market Cap Weighted Average 24.1%
Australia Food Industry Revenue Growth Rate Market Cap Weighted Average 7.6%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*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:MTM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:MTM Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 7 6
2022-12-31 6 5
2021-12-31 55 5 4 1
2020-12-31 52 5 4 2
2019-12-31 48 4 3 1
ASX:MTM Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 45 3 0
2017-12-31 51 12 1
2017-06-30 49 -2 5
2017-03-31 46 -4 2
2016-12-31 42 -6 3
2016-09-30 29 -8 1
2016-06-30 16 -11 -5
2016-03-31 8 -6 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mareterram's earnings are expected to grow significantly at over 20% yearly.
  • Mareterram's revenue is expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).
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:MTM 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 2 Analyst Estimates (S&P Global) See Below

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

ASX:MTM Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.04 0.04 0.04 1.00
2022-12-31 0.03 0.03 0.03 1.00
2021-12-31 0.03 0.03 0.03 2.00
2020-12-31 0.03 0.03 0.02 2.00
2019-12-31 0.02 0.02 0.02 1.00
ASX:MTM Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.00
2017-12-31 0.00
2017-06-30 0.03
2017-03-31 0.02
2016-12-31 0.02
2016-09-30 0.00
2016-06-30 -0.07
2016-03-31 -0.03

*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.
  • Mareterram is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mareterram'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.
Mareterram has a total score of 4/6, 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.

Past Performance

  How has Mareterram 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 Mareterram'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.
  • Mareterram has delivered over 20% year on year earnings growth in the past 5 years.
  • Mareterram's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Mareterram's 1-year earnings growth is negative, it can't be compared to the AU Food industry average.
Earnings and Revenue History
Mareterram'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 Mareterram Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MTM Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 44.87 0.33 5.60
2017-12-31 50.87 0.65 7.51
2017-06-30 49.01 4.57 6.77
2017-03-31 45.69 2.41 7.44
2016-12-31 42.37 3.31 8.19
2016-09-30 29.32 0.63 6.90
2016-06-30 16.27 -5.11 5.53
2016-03-31 8.39 -3.70 3.36
2015-12-31 0.51 -2.29 1.19
2015-09-30 0.26 -1.31 0.80
2015-06-30 -0.33 0.41
2015-03-31 0.01 -0.20 0.22
2014-12-31 0.02 -0.08 0.04
2014-09-30 0.02 0.19 0.03
2014-06-30 0.03 0.46 0.03
2014-03-31 0.11 0.34 0.20
2013-12-31 0.19 0.22 0.38
2013-09-30 0.19 -0.20 0.44
2013-06-30 0.20 -0.63 0.51
2013-03-31 2.63 -1.62 1.21 0.02
2012-12-31 5.07 -2.61 1.92 0.03
2012-09-30 7.17 -3.86 2.45 0.03
2012-06-30 9.27 -5.10 2.99 0.03

*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.
  • Mareterram has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mareterram used its assets less efficiently than the AU Food industry average last year based on Return on Assets.
  • Mareterram has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Mareterram'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.
Mareterram has a total score of 2/6, 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.

Health

 How is Mareterram'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 Mareterram's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mareterram is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mareterram's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Mareterram'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
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 Mareterram Company Filings, last reported 3 months ago.

ASX:MTM Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 28.93 19.93 0.11
2017-12-31 28.69 17.15 0.07
2017-06-30 24.45 18.95 0.05
2017-03-31 24.45 18.95 0.05
2016-12-31 23.74 12.91 0.07
2016-09-30 23.74 12.91 0.07
2016-06-30 20.26 14.29 0.01
2016-03-31 20.26 14.29 0.01
2015-12-31 22.30 4.91 0.80
2015-09-30 22.30 4.91 0.80
2015-06-30 0.96 0.00 1.13
2015-03-31 0.96 0.00 1.13
2014-12-31 1.27 0.00 1.27
2014-09-30 1.27 0.00 1.27
2014-06-30 1.29 0.00 1.29
2014-03-31 1.29 0.00 1.29
2013-12-31 1.35 0.00 1.34
2013-09-30 1.35 0.00 1.34
2013-06-30 1.25 0.00 1.54
2013-03-31 1.25 0.00 1.54
2012-12-31 -0.85 0.00 0.12
2012-09-30 -0.85 0.00 0.12
2012-06-30 -0.52 0.00 0.20
  • Mareterram's level of debt (68.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 68.9% today).
  • Debt is not well covered by operating cash flow (14.8%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Mareterram'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. Mareterram has a total score of 1/6, 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.

Dividends

 What is Mareterram'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 Mareterram dividends. Estimated to be 3.29% next year.
If you bought A$2,000 of Mareterram 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 Mareterram's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mareterram'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:MTM 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 2 Analyst Estimates (S&P Global) See Below
Australia Food Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 2.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

ASX:MTM Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.01 1.00
2022-12-31 0.01 1.00
2021-12-31 0.01 1.00
2020-12-31 0.01 1.00
2019-12-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as Mareterram has not reported any payouts.
  • Unable to verify if Mareterram's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mareterram's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mareterram has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess Mareterram'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 Mareterram afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mareterram has a total score of 1/6, see the detailed checks below.


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

Management

 What is the CEO of Mareterram'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.
CEO
James Clement
COMPENSATION A$309,184
TENURE AS CEO 1.2 years
CEO Bio

Mr. James Clement, B.Sc, MBA, Dip.AF, AICD has served as Managing Director & CEO of Mareterram Ltd. since February 26, 2018. Previously he was Acting Chief Executive Officer of Mareterram Limited from November 23, 2017 to February 26, 2018. Mr. Clement has been General Manager of Focus Fisheries since 2014. Mr. Clement also served as Chief Operating Officer at Mareterram Limited until February 26, 2018. Mr. Clement has worked in the commercial fishing industry with Focus Fisheries for three years. He is also a member of the Western Australian Fishing Industry Council's resource access committee. He has over 10 years experience in financial services. During that time he has held roles with JM Financial Group, Euroz Securities and Blackswan Equities. He has been an Executive Director of Mareterram Limited since August 10, 2015. He was also a professional athlete within the Australian Football League for over a decade where he developed strong leadership and management skills. He holds a Masters of Business Administration, a Bachelor of Science in Aquaculture and Seafood Science, a Graduate Diploma in Agribusiness, a Graduate Diploma in Applied Finance and is a Member of the Australian Institute of Company Directors.

CEO Compensation
  • James's compensation has been consistent with company performance over the past year.
  • James's remuneration is lower than average for companies of similar size in Australia.
Management Team

James Clement

TITLE
MD, CEO & Director
COMPENSATION
A$309K
TENURE
1.2 yrs

Richard Duncan

TITLE
CFO & Company Secretary
COMPENSATION
A$335K
TENURE
3.1 yrs
Board of Directors Tenure

Average tenure and age of the Mareterram board of directors in years:

2.7
Average Tenure
45
Average Age
  • The average tenure for the Mareterram board of directors is less than 3 years, this suggests a new board.
Board of Directors

David Lock

TITLE
Non-Executive Chairman
COMPENSATION
A$619K
TENURE
1.4 yrs

James Clement

TITLE
MD, CEO & Director
COMPENSATION
A$309K
TENURE
3.7 yrs

Mark Pitts

TITLE
Independent Non-Executive Director
COMPENSATION
A$50K
AGE
56
TENURE
3.7 yrs

Felix Ratheb

TITLE
Non-Executive Director
AGE
45
TENURE
3.1 yrs

Muhammad Brey

TITLE
Non-Executive Director
AGE
39
TENURE
1.6 yrs

Fred Robertson

TITLE
Non-Executive Director
COMPENSATION
A$30K
AGE
63
TENURE
2.7 yrs

Gregory Roberts-Baxter

TITLE
Non-Executive Director
AGE
45
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
11. Apr 19 Buy Brimstone Investment Corporation Limited Company 02. Apr 19 05. Apr 19 2,979,715 A$0.25 A$745,072
01. Apr 19 Buy Brimstone Investment Corporation Limited Company 29. Mar 19 29. Mar 19 924,424 A$0.25 A$231,106
01. Apr 19 Buy Brimstone Investment Corporation Limited Company 01. Apr 19 01. Apr 19 3,100,558 A$0.25 A$775,138
28. Mar 19 Buy Brimstone Investment Corporation Limited Company 28. Mar 19 28. Mar 19 7,984,049 A$0.25 A$1,996,008
27. Mar 19 Buy Brimstone Investment Corporation Limited Company 27. Mar 19 27. Mar 19 4,418,363 A$0.25 A$1,104,590
26. Mar 19 Buy Brimstone Investment Corporation Limited Company 26. Mar 19 26. Mar 19 7,627,434 A$0.25 A$1,906,857
25. Mar 19 Buy Brimstone Investment Corporation Limited Company 25. Mar 19 25. Mar 19 13,920,942 A$0.25 A$3,480,242
24. Mar 19 Buy Brimstone Investment Corporation Limited Company 22. Mar 19 22. Mar 19 4,571,479 A$0.25 A$1,142,872
21. Mar 19 Buy Brimstone Investment Corporation Limited Company 20. Mar 19 21. Mar 19 3,335,596 A$0.25 A$833,877
19. Mar 19 Buy Brimstone Investment Corporation Limited Company 19. Mar 19 19. Mar 19 3,369,830 A$0.25 A$842,458
18. Mar 19 Buy Brimstone Investment Corporation Limited Company 12. Mar 19 18. Mar 19 11,144,889 A$0.25 A$2,786,216
X
Management checks
We assess Mareterram'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. Mareterram 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.

News

Simply Wall St News

How Does Investing In Mareterram Limited (ASX:MTM) Impact The Volatility Of Your Portfolio?

Volatility is considered to be a measure of risk in modern finance theory. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

Simply Wall St -

What does Mareterram Limited's (ASX:MTM) Balance Sheet Tell Us About Its Future?

While small-cap stocks, such as Mareterram Limited (ASX:MTM) with its market cap of AU$31m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

What Does Mareterram Limited's (ASX:MTM) PE Ratio Tell You?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Although some investors may see this as unappealing, it is important to understand the assumptions behind the P/E ratio before making judgments. … Check out our latest analysis for Mareterram

Simply Wall St -

Why You Should Be Bullish On Mareterram Limited (ASX:MTM)

Mareterram Limited (ASX:MTM) continues to post impressive revenue growth and its prospects have never been brighter. … I will touched on some key aspects you should know on a high level, around its financials and growth prospects going forward … Mareterram Limited engages in the integrated agribusiness in Australia and internationally.

Simply Wall St -

What does Mareterram Limited's (ASX:MTM) Balance Sheet Tell Us About Its Future?

While small-cap stocks, such as Mareterram Limited (ASX:MTM) with its market cap of AU$37.86m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … So, understanding the company's financial health becomes. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Does Mareterram Limited's (ASX:MTM) June Stock Price Reflect Its Future Growth?

Mareterram Limited (ASX:MTM) closed yesterday at A$0.26, which left some investors asking whether the high earnings potential can still be justified at this price. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … Mareterram is poised for extremely high earnings growth in the near future

Simply Wall St -

Mareterram Limited (ASX:MTM): Can It Deliver A Superior ROE To The Industry?

and want to begin learning the link between Mareterram Limited (ASX:MTM)’s return fundamentals and stock market performance. … Mareterram Limited (ASX:MTM) delivered a less impressive 2.26% ROE over the past year, compared to the 11.10% return generated by its industry. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into MTM's past performance.

Simply Wall St -

Mareterram Limited (ASX:MTM): Are Forecast Margins sustainable?

Mareterram Limited (ASX:MTM) to … net income growth in the triple digits … it's necessary to take a moment

Simply Wall St -

Company Info

Description

Mareterram Limited engages in the integrated agribusiness in Australia and internationally. It processes, packages, snap freezes, sells, and markets western king prawns, brown tiger prawns, scallops, blue swimmer crabs, squids, and cuttlefishes. The company was formerly known as Style Limited and changed its name to Mareterram Limited in November 2015. Mareterram Limited was incorporated in 1987 and is headquartered in South Fremantle, Australia.

Details
Name: Mareterram Limited
MTM
Exchange: ASX
Founded: 1987
A$37,861,123
154,535,198
Website: http://www.mareterram.com.au
Address: Mareterram Limited
24 Mews Road,
Unit 4,
South Fremantle,
Western Australia, 6162,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MTM Ordinary Shares Australian Securities Exchange AU AUD 07. Apr 2004
DB TFK Ordinary Shares Deutsche Boerse AG DE EUR 07. Apr 2004
CHIA MTM Ordinary Shares Chi-X Australia AU AUD 07. Apr 2004
Number of employees
Current staff
Staff numbers
0
Mareterram employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 10:32
End of day share price update: 2019/04/10 00:00
Last estimates confirmation: 2019/02/01
Last earnings filing: 2019/03/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.