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Ocean Grown Abalone

ASX:OGA
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OGA
ASX
A$26M
Market Cap
  1. Home
  2. AU
  3. Food, Beverage & Tobacco
Company description

Ocean Grown Abalone Limited owns and operates an abalone sea ranching business in Australia. The last earnings update was 45 days ago. More info.


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OGA Share Price and Events
7 Day Returns
-6.3%
ASX:OGA
-0.4%
AU Food
1.3%
AU Market
1 Year Returns
0%
ASX:OGA
-10%
AU Food
9.9%
AU Market
OGA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ocean Grown Abalone (OGA) -6.3% 11.1% 0% 0% - -
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
  • OGA outperformed the Food industry which returned -10% over the past year.
  • OGA underperformed the Market in Australia which returned 9.9% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Ocean Grown Abalone 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 Ocean Grown Abalone. This is due to cash flow or dividend data being unavailable. The share price is A$0.15.
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 Ocean Grown Abalone's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ocean Grown Abalone's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:OGA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.01
ASX:OGA Share Price ** ASX (2019-10-09) in AUD A$0.15
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 Ocean Grown Abalone.

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

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

= 0.15 ÷ 0.01

25.25x

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

  • Ocean Grown Abalone is good value based on earnings compared to the AU Food industry average.
  • Ocean Grown Abalone is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Ocean Grown Abalone's expected growth come at a high price?
Raw Data
ASX:OGA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.25x
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 Ocean Grown Abalone, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ocean Grown Abalone's assets?
Raw Data
ASX:OGA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.10
ASX:OGA Share Price * ASX (2019-10-09) in AUD A$0.15
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:OGA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.15 ÷ 0.10

1.5x

* Primary Listing of Ocean Grown Abalone.

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

  • Ocean Grown Abalone is overvalued based on assets compared to the AU Food industry average.
X
Value checks
We assess Ocean Grown Abalone'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. Ocean Grown Abalone 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.

Future Performance

 How is Ocean Grown Abalone 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 Ocean Grown Abalone 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 Ocean Grown Abalone expected to grow at an attractive rate?
  • Unable to compare Ocean Grown Abalone's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Ocean Grown Abalone's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Ocean Grown Abalone's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:OGA 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:OGA 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:OGA Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 5 -2 1
2019-03-31 5 -2 0
2018-12-31 2 -3 -2
2018-09-30 2 -4 -3
2018-06-30 4 -4 -3
2018-03-31 2 -4 -3
2017-12-31 2 -4 -2
2017-09-30 1 -3 -2
2017-06-30 1 -1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Ocean Grown Abalone is high growth as no earnings estimate data is available.
  • Unable to determine if Ocean Grown Abalone 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:OGA 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 Ocean Grown Abalone Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:OGA Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.01
2019-03-31 0.00
2018-12-31 -0.01
2018-09-30 -0.02
2018-06-30 -0.02
2018-03-31 -0.02
2017-12-31 -0.01
2017-09-30 -0.02
2017-06-30 -0.02

*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 Ocean Grown Abalone will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of OGA’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Ocean Grown Abalone'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. Ocean Grown Abalone'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 Ocean Grown Abalone'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.
Ocean Grown Abalone 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.

Past Performance

  How has Ocean Grown Abalone 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 Ocean Grown Abalone'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.
  • Ocean Grown Abalone's year on year earnings growth rate has been positive over the past 5 years.
  • Ocean Grown Abalone has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Ocean Grown Abalone has become profitable in the last year making it difficult to compare the AU Food industry average.
Earnings and Revenue History
Ocean Grown Abalone'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 Ocean Grown Abalone Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:OGA 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 4.77 1.03 4.35
2019-03-31 4.55 -0.19 5.00
2018-12-31 2.35 -1.57 5.64
2018-09-30 2.23 -2.51 5.90
2018-06-30 4.10 -3.31 6.16
2018-03-31 1.89 -2.79 5.68
2017-12-31 1.68 -2.12 5.21
2017-09-30 1.24 -1.93 4.12
2017-06-30 0.80 -1.75 3.02
2016-06-30 0.36 -1.33 1.95
2015-06-30 0.07 -1.55 1.92

*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.
  • Ocean Grown Abalone has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ocean Grown Abalone used its assets less efficiently than the AU Food industry average last year based on Return on Assets.
  • It is difficult to establish if Ocean Grown Abalone 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 Ocean Grown Abalone'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.
Ocean Grown Abalone has a total score of 1/6, 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 Ocean Grown Abalone'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 Ocean Grown Abalone's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ocean Grown Abalone is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ocean Grown Abalone's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ocean Grown Abalone'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 covered by short term assets, assets are 51.7x 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 Ocean Grown Abalone Company Filings, last reported 3 months ago.

ASX:OGA Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 17.35 0.17 2.57
2019-03-31 17.35 0.17 2.57
2018-12-31 16.61 0.18 6.11
2018-09-30 16.61 0.18 6.11
2018-06-30 16.38 0.23 7.42
2018-03-31 15.96 0.23 7.42
2017-12-31 17.25 0.31 10.11
2017-09-30 17.25 0.31 10.11
2017-06-30 8.92 0.36 2.99
2016-06-30 -2.52 7.91 0.47
2015-06-30 -1.25 5.90 1.47
  • Ocean Grown Abalone's level of debt (1%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Ocean Grown Abalone's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Ocean Grown Abalone's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Ocean Grown Abalone'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. Ocean Grown Abalone has a total score of 3/6, 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 Ocean Grown Abalone'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 Ocean Grown Abalone dividends.
If you bought A$2,000 of Ocean Grown Abalone 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 Ocean Grown Abalone's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ocean Grown Abalone'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:OGA 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.

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

  • Unable to perform a dividend volatility check as Ocean Grown Abalone has not reported any payouts.
  • Unable to verify if Ocean Grown Abalone's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ocean Grown Abalone's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ocean Grown Abalone 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 Ocean Grown Abalone'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 Ocean Grown Abalone afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ocean Grown Abalone 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.

Management

 What is the CEO of Ocean Grown Abalone'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
Brad Adams
COMPENSATION A$157,058
CEO Bio

Mr. Bradley Adams, also known as Brad, BSc(Biology), G.Dip(Aqua) MBA, serves as Managing Director of Ocean Grown Abalone Limited and has been its Executive Director since July 1, 2013. Mr. Adams is a third-generation fisherman and worked as a commercial abalone diver along Western Australia's south coast for 12 years. In the 1990's, he was involved in setting up one of Tasmania's first abalone farms - Tasmanian Tiger Abalone, which later became Cold Gold Abalone. He has been actively involved in Abalone Aquaculture research and development in Western Australia since 2000. He served as a Director of the Western Australian Fishing Industry Council from 2009 to 2011 and Chairman from 2011 to 2013. He holds an MBA and Bachelor of Applied Science, Biology from Curtin University of Technology and a Graduate Diploma, Aquaculture from the University of Tasmania.

CEO Compensation
  • Brad's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Brad's remuneration is lower than average for companies of similar size in Australia.
Management Team

Brad Adams

TITLE
MD & Executive Director
COMPENSATION
A$157K

Romolo Santoro

TITLE
CFO & Secretary
COMPENSATION
A$230K
TENURE
2 yrs

Ian Ricciardi

TITLE
Executive Director
COMPENSATION
A$164K
Board of Directors Tenure

Average tenure of the Ocean Grown Abalone board of directors in years:

6.3
Average Tenure
  • The tenure for the Ocean Grown Abalone board of directors is about average.
Board of Directors

Peter Harold

TITLE
Non-Executive Chairman
COMPENSATION
A$60K
AGE
56

Brad Adams

TITLE
MD & Executive Director
COMPENSATION
A$157K
TENURE
6.3 yrs

Ian Ricciardi

TITLE
Executive Director
COMPENSATION
A$164K
TENURE
6.3 yrs

Danielle Lee

TITLE
Independent Non-Executive Director
COMPENSATION
A$40K
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Ocean Grown Abalone'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. Ocean Grown Abalone 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

Is Ocean Grown Abalone Limited's (ASX:OGA) 6.0% ROE Better Than Average?

Our data shows Ocean Grown Abalone has a return on equity of 6.0% for the last year. … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Ocean Grown Abalone: 6.0% = AU$1.0m ÷ AU$17m (Based on the trailing twelve months to June 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Combining Ocean Grown Abalone's Debt And Its 6.0% Return On Equity Ocean Grown Abalone has a debt to equity ratio of just 0.01, which is very low.

Simply Wall St -

What Type Of Shareholder Owns Ocean Grown Abalone Limited's (ASX:OGA)?

As Charlie Munger said 'Show me the incentive and I will show you the outcome.' Ocean Grown Abalone is a smaller company with a market capitalization of AU$25m, so it may still be flying under the radar of many institutional investors. … Insider Ownership Of Ocean Grown Abalone While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. … Private Company Ownership Our data indicates that Private Companies hold 23%, of the company's shares.

Simply Wall St -

Ocean Grown Abalone (ASX:OGA) Shareholders Have Enjoyed A 20% Share Price Gain

For example, the Ocean Grown Abalone Limited (ASX:OGA) share price is up 20% in the last year, clearly besting than the market return of around 3.8% (not including dividends). … Ocean Grown Abalone isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … Ocean Grown Abalone grew its revenue by 40% last year.

Simply Wall St -

Can We See Significant Insider Ownership On The Ocean Grown Abalone Limited (ASX:OGA) Share Register?

If you want to know who really controls Ocean Grown Abalone Limited (ASX:OGA), then you'll have to look at the makeup of its share registry. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … With a market capitalization of AU$26m, Ocean Grown Abalone is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Can We See Significant Insider Ownership On The Ocean Grown Abalone Limited (ASX:OGA) Share Register?

The big shareholder groups in Ocean Grown Abalone Limited (ASX:OGA) have power over the company. … Ocean Grown Abalone is not a large company by global standards. … View our latest analysis for Ocean Grown Abalone

Simply Wall St -

What does Ocean Grown Abalone Limited's (ASX:OGA) Balance Sheet Tell Us About Its Future?

Investors are always looking for growth in small-cap stocks like Ocean Grown Abalone Limited (ASX:OGA), with a market cap of AU$28.73m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Is Ocean Grown Abalone Limited (ASX:OGA) A Financially Sound Company?

With this reduction in debt, the current cash and short-term investment levels stands at AU$2.99M , ready to deploy into the business. … Moving onto cash from operations, its operating cash flow is not yet significant enough to calculate a meaningful cash-to-debt ratio, indicating that operational efficiency is something we’d need to take a look at. … ASX:OGA Historical Debt May 9th 18 Can OGA service its debt comfortably?

Simply Wall St -

Does Ocean Grown Abalone Limited's (ASX:OGA) -37.63% Earnings Drop Reflect A Longer Term Trend?

In this article, I will take a look at Ocean Grown Abalone Limited's (ASX:OGA) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … ASX:OGA Income Statement Mar 21st 18 We can further assess Ocean Grown Abalone's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the last five years Ocean Grown Abalone's top-line has increased by 70.26% on average, signalling that the company is in a high-growth period with expenses racing ahead revenues, leading to annual losses.

Simply Wall St -

Who Owns Ocean Grown Abalone Limited (ASX:OGA)?

Check out our latest analysis for Ocean Grown Abalone ASX:OGA Ownership_summary Feb 2nd 18 Institutional Ownership In OGA's case, institutional ownership stands at 10.77%, significant enough to cause considerable price moves in the case of large institutional transactions, especially when there is a low level of public shares available on the market to trade. … Insider ownership has to do more with how the company is managed and less to do with the direct impact of the magnitude of shares trading on the market. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors.

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Before You Invest In Ocean Grown Abalone Limited (ASX:OGA), Consider This Factor

How fast Ocean Grown Abalone runs down its cash supply over time is known as the cash burn rate. … ASX:OGA Income Statement Jan 26th 18 When will Ocean Grown Abalone need to raise more cash? … My cash burn analysis suggests that, if Ocean Grown Abalone continues to spend its cash reserves at this current high rate, it’ll have to raise capital within the next 12 months, which may be a surprise to some shareholders.

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Company Info

Description

Ocean Grown Abalone Limited owns and operates an abalone sea ranching business in Australia. It develops its sea ranching hardware design and processes for near-shore aquaculture. The company produces wild, ocean grown, and green lip abalones. The company offers its products under the Two Oceans Abalone brand name. Ocean Grown Abalone Limited was incorporated in 2011 and is based in Augusta, Australia.

Details
Name: Ocean Grown Abalone Limited
OGA
Exchange: ASX
Founded: 2011
A$26,165,703
174,438,026
Website: http://www.oceangrown.com.au
Address: Ocean Grown Abalone Limited
617 Brindley Street,
Augusta,
Western Australia, 6290,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX OGA Ordinary shares Australian Securities Exchange AU AUD 14. Nov 2017
CHIA OGA Ordinary shares Chi-X Australia AU AUD 14. Nov 2017
Number of employees
Current staff
Staff numbers
0
Ocean Grown Abalone 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 10:45
End of day share price update: 2019/10/09 00:00
Last earnings filing: 2019/08/29
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.