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Mercantile Investment

DB:32IA
Snowflake Description

Imperfect balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
32IA
DB
A$44M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Mercantile Investment Company Ltd is a privately owned investment manager. The last earnings update was 10 days ago. More info.


Add to Portfolio Compare Print
  • Mercantile Investment is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
32IA Share Price and Events
7 Day Returns
1.8%
DB:32IA
3.9%
DE Capital Markets
1.8%
DE Market
1 Year Returns
-9.1%
DB:32IA
-3.1%
DE Capital Markets
-4.2%
DE Market
32IA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mercantile Investment (32IA) 1.8% 2.5% - -9.1% - -
DE Capital Markets 3.9% 4.6% 8.9% -3.1% -2.1% -37%
DE Market 1.8% 3.6% 1.7% -4.2% 5.6% 11.7%
1 Year Return vs Industry and Market
  • 32IA underperformed the Capital Markets industry which returned -3.1% over the past year.
  • 32IA underperformed the Market in Germany which returned -4.2% over the past year.
Price Volatility
32IA
Industry
5yr Volatility vs Market

32IA Value

 Is Mercantile Investment 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 Mercantile Investment. This is due to cash flow or dividend data being unavailable. The share price is €0.0864.
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 Mercantile Investment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mercantile Investment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:32IA 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:MVT Share Price ** ASX (2019-09-09) in AUD A$0.16
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 24.91x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 18.86x

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

** Primary Listing of Mercantile Investment.

DB:32IA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.16 ÷ -0.01

-29.87x

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

  • Mercantile Investment is loss making, we can't compare its value to the DE Capital Markets industry average.
  • Mercantile Investment is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Mercantile Investment's expected growth come at a high price?
Raw Data
DB:32IA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -29.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 2.52x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.4x

*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 Mercantile Investment, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mercantile Investment's assets?
Raw Data
DB:32IA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.20
ASX:MVT Share Price * ASX (2019-09-09) in AUD A$0.16
Germany Capital Markets Industry PB Ratio Median Figure of 34 Publicly-Listed Capital Markets Companies 1.79x
Germany Market PB Ratio Median Figure of 593 Publicly-Listed Companies 1.72x
DB:32IA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.16 ÷ 0.20

0.79x

* Primary Listing of Mercantile Investment.

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

  • Mercantile Investment is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Mercantile Investment'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Mercantile Investment 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.

32IA Future Performance

 How is Mercantile Investment 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 Mercantile Investment 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
44.8%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mercantile Investment expected to grow at an attractive rate?
  • Unable to compare Mercantile Investment's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Mercantile Investment's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Mercantile Investment's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:32IA Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 44.8%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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
DB:32IA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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.
DB:32IA Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 9 -7 -1
2019-03-31 9 -8 -1
2018-12-31 9 -9 0
2018-09-30 12 -4 3
2018-06-30 16 1 7
2018-03-31 16 2 5
2017-12-31 17 3 3
2017-09-30 15 1 -1
2017-06-30 13 -1 -5
2017-03-31 11 -4 -3
2016-12-31 10 -7 -2
2016-09-30 8 -8 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Mercantile Investment is high growth as no earnings estimate data is available.
  • Unable to determine if Mercantile Investment 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
DB:32IA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Mercantile Investment Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:32IA Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 -0.01
2019-03-31 0.00
2018-12-31 0.00
2018-09-30 0.01
2018-06-30 0.02
2018-03-31 0.02
2017-12-31 0.01
2017-09-30 0.00
2017-06-30 -0.02
2017-03-31 -0.01
2016-12-31 -0.01
2016-09-30 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 Mercantile Investment will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Mercantile Investment'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 Diversified Financials companies here
  2. Mercantile Investment'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 Mercantile Investment'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Mercantile Investment 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.

32IA Past Performance

  How has Mercantile Investment 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 Mercantile Investment's growth in the last year to its industry (Capital Markets).
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.
  • Mercantile Investment does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Mercantile Investment's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Mercantile Investment's 1-year growth to the DE Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Mercantile Investment'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 Mercantile Investment Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:32IA 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 8.96 -1.46 4.35
2019-03-31 8.84 -0.86 4.30
2018-12-31 8.72 -0.26 4.25
2018-09-30 12.18 3.18 3.94
2018-06-30 15.63 6.63 3.63
2018-03-31 16.24 4.65 3.70
2017-12-31 16.85 2.66 3.78
2017-09-30 14.91 -1.08 4.12
2017-06-30 12.96 -4.81 4.46
2017-03-31 11.26 -3.26 4.07
2016-12-31 9.56 -1.71 3.68
2016-09-30 8.18 0.10 2.71
2016-06-30 6.81 1.91 1.73
2016-03-31 5.35 1.05 1.43
2015-12-31 3.89 0.19 1.12
2015-09-30 2.12 0.34 1.01
2015-06-30 0.35 0.49 0.89
2015-03-31 0.17 0.49 0.59
2014-12-31 0.00 0.50 0.28
2014-09-30 0.44 0.19 0.18
2014-06-30 0.89 -0.11 0.09
2014-03-31 0.98 0.05 0.09
2013-12-31 1.07 0.22 0.09
2013-09-30 0.80 0.00 0.09
2013-06-30 0.52 -0.22 0.10
2013-03-31 1.46 0.64 0.10
2012-12-31 2.40 1.50 0.10
2012-09-30 2.34 1.53 0.09

*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 Mercantile Investment has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Mercantile Investment used its assets less efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • It is difficult to establish if Mercantile Investment 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 Mercantile Investment'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 Capital Markets 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.
Mercantile Investment 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.

32IA Health

 How is Mercantile Investment'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 Mercantile Investment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mercantile Investment is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mercantile Investment's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mercantile Investment's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.8x 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 Mercantile Investment Company Filings, last reported 2 months ago.

DB:32IA Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 56.23 27.93 45.32
2019-03-31 56.23 27.93 45.32
2018-12-31 54.37 35.89 46.10
2018-09-30 54.37 35.89 46.10
2018-06-30 55.18 26.82 37.46
2018-03-31 55.18 26.82 37.46
2017-12-31 51.66 21.77 41.59
2017-09-30 51.66 21.77 41.59
2017-06-30 44.61 21.71 38.43
2017-03-31 44.61 21.71 38.43
2016-12-31 47.81 21.64 32.53
2016-09-30 47.81 21.64 32.53
2016-06-30 47.47 15.11 23.67
2016-03-31 47.47 15.11 23.67
2015-12-31 44.57 4.65 14.78
2015-09-30 44.57 4.65 14.78
2015-06-30 38.21 0.00 9.40
2015-03-31 38.21 0.00 9.40
2014-12-31 36.20 0.00 6.46
2014-09-30 36.20 0.00 6.46
2014-06-30 33.71 2.91 6.00
2014-03-31 33.71 2.91 6.00
2013-12-31 34.78 2.83 5.66
2013-09-30 34.78 2.83 5.66
2013-06-30 26.29 1.01 4.84
2013-03-31 26.29 1.01 4.84
2012-12-31 24.00 0.00 4.39
2012-09-30 24.00 0.00 4.39
  • Mercantile Investment's level of debt (49.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (8.5% vs 49.7% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Mercantile Investment is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Mercantile Investment'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. Mercantile Investment has a total score of 2/6, 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.

32IA Dividends

 What is Mercantile Investment'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 Mercantile Investment dividends.
If you bought €2,000 of Mercantile Investment shares you are expected to receive €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 Mercantile Investment's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mercantile Investment'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
DB:32IA 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
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:32IA Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2009-09-18 0.000 0.000
2009-08-27 0.000 0.000
2009-03-02 0.000 0.000
2008-10-07 0.000 0.000

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

  • Unable to perform a dividend volatility check as Mercantile Investment has not reported any payouts.
  • Unable to verify if Mercantile Investment's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mercantile Investment's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mercantile Investment 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 Mercantile Investment's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Mercantile Investment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mercantile Investment 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.

32IA Management

 What is the CEO of Mercantile Investment'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.
  • Mercantile Investment has no CEO, or we have no data on them.
Management Team

Gabriel Radzyminski

TITLE
Executive Director
COMPENSATION
A$196K
AGE
48

Mark Licciardo

TITLE
Joint Company Secretary
AGE
55
TENURE
12 yrs

Elizabeth McGregor

TITLE
Joint Company Secretary
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Mercantile Investment board of directors in years:

4.6
Average Tenure
55
Average Age
  • The tenure for the Mercantile Investment board of directors is about average.
Board of Directors

Gabriel Radzyminski

TITLE
Executive Director
COMPENSATION
A$196K
AGE
48
TENURE
8.8 yrs

Mark Licciardo

TITLE
Joint Company Secretary
AGE
55

James Chirnside

TITLE
Independent Non Executive Director
COMPENSATION
A$20K
AGE
58
TENURE
8.8 yrs

Katrina Langley

TITLE
Independent Non-Executive Director
COMPENSATION
A$11K
TENURE
0.8 yrs

Dan Weiss

TITLE
Independent Non-Executive Director
COMPENSATION
A$18K
AGE
39
TENURE
4.6 yrs

Gary Weiss

TITLE
Non-Executive Alternate Director
AGE
66
TENURE
4.6 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 (€) Value (€)
01. Apr 19 Buy Gabriel Radzyminski Individual 29. Mar 19 29. Mar 19 1,100,000 €0.09 €104,370
21. Mar 19 Buy Geoffrey Wilson Individual 19. Mar 19 19. Mar 19 9,500,000 €0.09 €831,719
21. Mar 19 Sell Phoenix Portfolios Pty Ltd. Company 15. Aug 18 20. Mar 19 -14,000 €0.10 €-1,443
21. Dec 18 Buy Gabriel Radzyminski Individual 21. Dec 18 21. Dec 18 3,171 €0.10 €325
26. Oct 18 Buy James Chirnside Individual 22. Oct 18 22. Oct 18 60,000 €0.11 €6,488
25. Sep 18 Buy James Chirnside Individual 19. Sep 18 19. Sep 18 115,000 €0.11 €12,526
X
Management checks
We assess Mercantile Investment'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. Mercantile Investment 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.

32IA News

Simply Wall St News

32IA Company Info

Description

Mercantile Investment Company Ltd is a privately owned investment manager. It was formerly known as India Equities Fund Limited. Mercantile Investment Company Ltd is based in Australia.

Details
Name: Mercantile Investment Company Limited
32IA
Exchange: DB
Founded:
A$27,044,774
280,700,000
Website: http://www.mercantileinvestment.com.au
Address: Mercantile Investment Company Limited
Level Five,
139 Macquarie Street,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MVT New Ordinary Shares Australian Securities Exchange AU AUD 27. Aug 2008
OTCPK MTLV.F New Ordinary Shares Pink Sheets LLC US USD 27. Aug 2008
DB 32IA New Ordinary Shares Deutsche Boerse AG DE EUR 27. Aug 2008
NZSE MVT New Ordinary Shares New Zealand Stock Exchange NZ NZD 27. Aug 2008
CHIA MVT New Ordinary Shares Chi-X Australia AU AUD 27. Aug 2008
Number of employees
Current staff
Staff numbers
1
Mercantile Investment employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/09 21:24
End of day share price update: 2019/09/09 00:00
Last earnings filing: 2019/08/30
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.