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Mustera Property Group

ASX:MPX
Snowflake Description

Weak fundamentals or lack of information.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MPX
ASX
A$29M
Market Cap
  1. Home
  2. AU
  3. Real Estate
Company description

Mustera Property Group Limited, together with its subsidiaries, operates as a property investment and development company in Australia. The last earnings update was 35 days ago. More info.


Add to Portfolio Compare Print
MPX Share Price and Events
7 Day Returns
-3.3%
ASX:MPX
8.6%
AU Real Estate
5.3%
AU Market
1 Year Returns
-
ASX:MPX
-8%
AU Real Estate
-17.6%
AU Market
MPX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mustera Property Group (MPX) -3.3% -3.3% - - 0% 16%
AU Real Estate 8.6% -31.4% -33.7% -8% -28.9% -26.9%
AU Market 5.3% -18.2% -22.6% -17.6% -14.1% -14.3%
1 Year Return vs Industry and Market
  • No trading data on MPX.
  • No trading data on MPX.
Price Volatility
MPX
Industry
5yr Volatility vs Market

MPX Value

 Is Mustera Property Group 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 Mustera Property Group 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 Mustera Property Group.

ASX:MPX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year AU Government Bond Rate 1.1%

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:MPX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 1.1%
Equity Risk Premium S&P Global 5.4%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.98 (1 + (1- 30%) (87.71%))
1.39
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.39
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.08% + (1.39 * 5.44%)
8.64%

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

The calculations below outline how an intrinsic value for Mustera Property Group 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ASX:MPX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.64%)
2020 0.01 Est @ -76.44% 0.01
2021 0.01 Est @ -53.18% 0.01
2022 0.00 Est @ -36.91% 0.00
2023 0.00 Est @ -25.51% 0.00
2024 0.00 Est @ -17.53% 0.00
2025 0.00 Est @ -11.95% 0.00
2026 0.00 Est @ -8.04% 0.00
2027 0.00 Est @ -5.3% 0.00
2028 0.00 Est @ -3.39% 0.00
2029 0.00 Est @ -2.05% 0.00
Present value of next 10 years cash flows A$0.00
ASX:MPX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$0.00 × (1 + 1.08%) ÷ (8.64% – 1.08%)
A$0.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$0.03 ÷ (1 + 8.64%)10
A$0.01
ASX:MPX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$0.00 + A$0.01
A$0.01
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$0.01 / 99.63
A$0
ASX:MPX Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.00
Current discount Discount to share price of A$0.29
= -1 x (A$0.29 - A$0.00) / A$0.00
-254527.9%

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

  • The current share price of Mustera Property Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Mustera Property Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mustera Property Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:MPX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$-0.01
ASX:MPX Share Price ** ASX (2020-03-31) in AUD A$0.29
Australia Real Estate Industry PE Ratio Median Figure of 19 Publicly-Listed Real Estate Companies 12.64x
Australia Market PE Ratio Median Figure of 515 Publicly-Listed Companies 13.38x

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

** Primary Listing of Mustera Property Group.

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

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

= 0.29 ÷ -0.01

-21.58x

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

  • Mustera Property Group is loss making, we can't compare its value to the AU Real Estate industry average.
  • Mustera Property Group is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Mustera Property Group's expected growth come at a high price?
Raw Data
ASX:MPX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -21.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Real Estate Industry PEG Ratio Median Figure of 9 Publicly-Listed Real Estate Companies 0.71x
Australia Market PEG Ratio Median Figure of 337 Publicly-Listed Companies 1.05x

*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 Mustera Property Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mustera Property Group's assets?
Raw Data
ASX:MPX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$0.12
ASX:MPX Share Price * ASX (2020-03-31) in AUD A$0.29
Australia Real Estate Industry PB Ratio Median Figure of 34 Publicly-Listed Real Estate Companies 0.74x
Australia Market PB Ratio Median Figure of 1,614 Publicly-Listed Companies 1.22x
ASX:MPX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.29 ÷ 0.12

2.49x

* Primary Listing of Mustera Property Group.

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

  • Mustera Property Group is overvalued based on assets compared to the AU Real Estate industry average.
X
Value checks
We assess Mustera Property Group'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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check)
  5. Mustera Property Group has a total score of 0/6, 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.

MPX Future Performance

 How is Mustera Property Group 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 Mustera Property Group 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
29.7%
Expected Real Estate industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mustera Property Group expected to grow at an attractive rate?
  • Unable to compare Mustera Property Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Mustera Property Group's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Mustera Property Group's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:MPX Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 29.7%
Australia Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:MPX 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:MPX Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 3 0 -1
2019-09-30 3 0 -1
2019-06-30 3 0 -2
2019-03-31 7 -1
2018-12-31 11 3 0
2018-09-30 11 0 0
2018-06-30 11 -3 1
2018-03-31 15 1
2017-12-31 19 8 1
2017-09-30 18 5 1
2017-06-30 17 3 1
2017-03-31 9 -10 0

*GAAP earnings excluding extraordinary items.

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

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

*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 Mustera Property Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Mustera Property Group'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 Real Estate companies here
  2. Mustera Property Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Mustera Property Group'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.
Mustera Property Group 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.

MPX Past Performance

  How has Mustera Property Group 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 Mustera Property Group's growth in the last year to its industry (Real Estate).
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.
  • Mustera Property Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Mustera Property Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Mustera Property Group's 1-year growth to the AU Real Estate industry average as it is not currently profitable.
Earnings and Revenue History
Mustera Property Group'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 Mustera Property Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MPX Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2.86 -1.33 0.98
2019-09-30 2.89 -1.44 1.00
2019-06-30 2.92 -1.55 1.02
2019-03-31 7.08 -0.69 1.13
2018-12-31 11.25 0.17 1.24
2018-09-30 11.34 0.43 1.21
2018-06-30 11.44 0.69 1.17
2018-03-31 15.03 0.71 1.01
2017-12-31 18.62 0.73 0.85
2017-09-30 18.04 0.77 0.85
2017-06-30 17.45 0.81 0.85
2017-03-31 9.32 0.29 0.81
2016-12-31 1.20 -0.23 0.78
2016-09-30 1.35 -0.13 0.74
2016-06-30 1.51 -0.04 0.71
2016-03-31 1.43 0.31 0.66
2015-12-31 1.34 0.66 0.62
2015-09-30 1.24 0.53 0.71
2015-06-30 1.14 0.40 0.80
2015-03-31 1.04 -0.01 0.76
2014-12-31 0.93 -0.42 0.73
2014-09-30 0.87 -0.20 0.46
2014-06-30 0.82 0.01 0.20
2013-06-30 0.42 0.00 0.06

*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 Mustera Property Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Mustera Property Group has efficiently used its assets last year compared to the AU Real Estate industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Mustera Property Group 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 Mustera Property Group'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 Real Estate 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.
Mustera Property Group 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.

MPX Health

 How is Mustera Property Group'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 Mustera Property Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mustera Property Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Mustera Property Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Mustera Property Group'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 0.1x 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 Mustera Property Group Company Filings, last reported 3 months ago.

ASX:MPX Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 12.12 25.34 0.25
2019-09-30 12.12 25.34 0.25
2019-06-30 12.78 25.52 0.94
2019-03-31 12.78 25.52 0.94
2018-12-31 13.48 24.84 0.54
2018-09-30 13.48 24.84 0.54
2018-06-30 14.37 24.55 0.53
2018-03-31 14.37 24.55 0.53
2017-12-31 13.63 17.09 0.13
2017-09-30 13.63 17.09 0.13
2017-06-30 11.75 14.74 3.52
2017-03-31 11.75 14.74 3.52
2016-12-31 10.66 26.88 0.11
2016-09-30 10.66 26.88 0.11
2016-06-30 10.91 17.03 0.26
2016-03-31 10.91 17.03 0.26
2015-12-31 10.62 11.67 0.42
2015-09-30 10.62 11.67 0.42
2015-06-30 9.70 8.19 0.87
2015-03-31 9.70 8.19 0.87
2014-12-31 8.95 5.79 2.88
2014-09-30 8.95 5.79 2.88
2014-06-30 5.28 5.82 0.10
2013-06-30 -0.09 5.15 1.84
  • Mustera Property Group's level of debt (209.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (64.9% vs 209.2% today).
  • Debt is not well covered by operating cash flow (0.2%, less than 20% of total debt).
  • Mustera Property Group is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Mustera Property Group'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. Mustera Property Group has a total score of 0/6, 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.

MPX Dividends

 What is Mustera Property Group'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 Mustera Property Group dividends.
If you bought A$2,000 of Mustera Property Group 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 Mustera Property Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mustera Property Group'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:MPX 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 Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 4.8%
Australia Market Average Dividend Yield Market Cap Weighted Average of 371 Stocks 5.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.7%
Australia Bottom 25% Dividend Yield 25th Percentile 3.2%
Australia Top 25% Dividend Yield 75th Percentile 8%

Industry and Market average data is calculated daily.

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

ASX:MPX Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2020-03-31 0.000 0.000
2019-09-16 0.000 0.000
2018-09-03 0.003 0.813

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

  • Unable to perform a dividend volatility check as Mustera Property Group has not reported any payouts.
  • Unable to verify if Mustera Property Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mustera Property Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mustera Property Group 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 Mustera Property Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - 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 Mustera Property Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mustera Property Group 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.

MPX Management

 What is the CEO of Mustera Property Group'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.
  • Mustera Property Group has no CEO, or we have no data on them.
Management Team

Nick Zborowski

TITLE
Executive Director
COMPENSATION
A$220K

Kim Hogg

TITLE
Company Secretary
AGE
60
TENURE
6 yrs
Board of Directors Tenure

Average tenure of the Mustera Property Group board of directors in years:

6
Average Tenure
  • The tenure for the Mustera Property Group board of directors is about average.
Board of Directors

Nick Zborowski

TITLE
Executive Director
COMPENSATION
A$220K
TENURE
5.8 yrs

Tony Ho

TITLE
Non-Executive Director
COMPENSATION
A$31K
AGE
61
TENURE
6 yrs

Benjamin Young

TITLE
Non-Executive Director
COMPENSATION
A$32K
TENURE
8.4 yrs

Jack Spencer-Cotton

TITLE
Non-Executive Director
COMPENSATION
A$32K
TENURE
6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
05. Jul 19 Buy Jack Spencer-Cotton Individual 03. Jul 19 05. Jul 19 73,967 A$0.29 A$21,155
X
Management checks
We assess Mustera Property Group'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. Mustera Property Group 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.

MPX News

Simply Wall St News

Is Mustera Property Group Limited's (ASX:MPX) Balance Sheet A Threat To Its Future?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

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Is Mustera Property Group Limited's (ASX:MPX) Balance Sheet A Threat To Its Future?

Investors are always looking for growth in small-cap stocks like Mustera Property Group Limited (ASX:MPX), with a market cap of AU$26.24m. … However, an important fact which most ignore is: how financially healthy is the business?

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Should You Be Tempted To Sell Mustera Property Group Limited (ASX:MPX) At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for MPX Price per share = A$0.27 Earnings per share = A$0.008 ∴ Price-Earnings Ratio = A$0.27 ÷ A$0.008 = 33.2x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you accidentally compared lower growth firms with MPX, then MPX’s P/E would naturally be higher since investors would reward MPX’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with MPX, MPX’s P/E would again be higher since investors would reward MPX’s lower risk with a higher price as well.

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Is Mustera Property Group Limited (ASX:MPX) A Financially Sound Company?

How does MPX’s operating cash flow stack up against its debt? … Moreover, MPX has produced AU$2.55M in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of 17.27%, indicating that MPX’s debt is not appropriately covered by operating cash. … In MPX's, case, the ratio of 2.41x suggests that interest is not strongly covered, which means that lenders may refuse to lend the company more money, as it is seen as too risky in terms of default.Next Steps: MPX’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

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Why Mustera Property Group Limited (ASX:MPX) Delivered An Inferior ROE Compared To The Industry

Mustera Property Group Limited (ASX:MPX) generated a below-average return on equity of 5.35% in the past 12 months, while its industry returned 11.66%. … View our latest analysis for Mustera Property Group Breaking down ROE — the mother of all ratios Return on Equity (ROE) weighs Mustera Property Group’s profit against the level of its shareholders’ equity. … Mustera Property Group’s cost of equity is 9.16%.

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Who Owns Mustera Property Group Limited (ASX:MPX)?

Today, I will be analyzing Mustera Property Group Limited’s (ASX:MPX) recent ownership structure, an important but not-so-popular subject among individual investors. … Insider Ownership Another important group of shareholders are company insiders. … ASX:MPX Insider_trading Mar 16th 18 General Public Ownership With 6.19% ownership, the general public are also an important ownership class in MPX.

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Should You Be Tempted To Sell Mustera Property Group Limited (ASX:MPX) Because Of Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for MPX Price per share = A$0.3 Earnings per share = A$0.009 ∴ Price-Earnings Ratio = A$0.3 ÷ A$0.009 = 33.3x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … Since MPX's P/E of 33.3x is higher than its industry peers (11.3x), it means that investors are paying more than they should for each dollar of MPX's earnings. … For example, if you are inadvertently comparing riskier firms with MPX, then MPX’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price.

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Are Mustera Property Group Limited's (ASX:MPX) Interest Costs Too High?

How does MPX’s operating cash flow stack up against its debt? … Moreover, MPX has generated A$2.5M in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of 17.27%, indicating that MPX’s current level of operating cash is not high enough to cover debt. … For MPX, the ratio of 2.75x suggests that interest is not strongly covered, which means that lenders may be more reluctant to lend out more funding as MPX’s low interest coverage already puts the company at higher risk of default.Next Steps: At its current level of cash flow coverage, MPX has room for improvement to better cushion for events which may require debt repayment.

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Why Mustera Property Group Limited's (ASX:MPX) ROE Of 7.14% Does Not Tell The Whole Story

Check out our latest analysis for Mustera Property Group Breaking down Return on Equity Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Mustera Property Group’s equity capital deployed. … This means Mustera Property Group’s returns actually do not cover its own cost of equity, with a discrepancy of -3.52%.

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Who Are Mustera Property Group Limited's (ASX:MPX) Major Shareholders?

View our latest analysis for Mustera Property Group ASX:MPX Ownership_summary Dec 7th 17 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … With a low level of institutional ownership, investors in MPX need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

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MPX Company Info

Description

Mustera Property Group Limited, together with its subsidiaries, operates as a property investment and development company in Australia. It acquires, invests in, develops, and sells residential, commercial, industrial and retail, and mixed-use projects. The company was incorporated in 2010 and is based in North Fremantle, Australia.

Details
Name: Mustera Property Group Limited
MPX
Exchange: ASX
Founded: 2010
A$28,891,283
99,625,115
Website: http://www.mustera.com.au
Address: Mustera Property Group Limited
15 McCabe Street,
North Fremantle,
Western Australia, 6159,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MPX Ordinary Shares Australian Securities Exchange AU AUD 28. Nov 2014
Number of employees
Current staff
Staff numbers
0
Mustera Property Group employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 01:38
End of day share price update: 2020/03/31 00:00
Last earnings filing: 2020/02/28
Last earnings reported: 2019/12/31
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.