Morphic Ethical Equities Fund Limited (MEC) - Research

$0.875 0.005 (0.57%)

MEC General Information +

ASX Code MEC
Website http://www.morphicasset.com
GICS Sub-Industry Asset Management & Custody Banks
Market Cap ($M) 39
Current Price $0.875
Day High $0.900
Day Low $0.870
Last Close $0.870
Price Movement $0.01 ( 0.57% )
Prices as at 16:40, 17 Jul 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

MEC Company Overview

Business Description

Morphic Ethical Equities Fund Limited (MEC) primarily invest in global listed Securities and Derivatives. The Company may also invest in cash, unlisted global Securities, fixed interest instruments, commodities, credit instruments and currencies, all of which may be invested through assets, Exchange Traded Funds or other Derivatives, including futures, options, forwards and swaps. Company aims to deliver investors an ethically screened portfolio, investors superior risk adjusted returns and provide capital growth and consistent income.

MEC Financial Summary

Year to Sep NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2018 A 3.81 8.40 1,209.40% 12.60 0.00 0.00% 100.0%
2017 A 0.29 0.60 0.00% 115.90 0.00 0.00% 0.0%

MEC Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2017 A 2018 A 2017 A 2018 A 2017 A 2018 A
Morphic Ethical Equities Fund (MEC) $46M 12.0938 0.0000 0.0000 10.3819 0.0000 0.0000 0.00% 0.00% 0.00%
Magellan Financial Group (MFG) $10,200M 0.3568 0.2415 0.0692 37.2069 29.9688 28.0292 2.34% 3.00% 3.20%
Netwealth Group (NWL) $1,854M 0.0000 0.7112 0.3430 92.3077 53.9419 40.1648 0.69% 1.46% 1.96%
Pendal Group (PDL) $2,366M 0.1207 -0.2807 0.1109 10.3233 14.3519 12.9189 6.99% 6.15% 6.59%
Platinum Asset Mgmt (PTM) $2,816M 0.0325 -0.1605 0.0364 14.6475 17.4482 16.8362 6.67% 5.63% 5.73%

MEC Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 10.44 0.76 0.00
Market 0.66 14.60 1.17 1.01
Sector 0.95 13.80 1.04 2.36

MEC Directors

Name Position Start Date
Mr Chad Andrew Slater Alternate Director 28 Feb 2018
Ms JoAnna Fisher Non-Executive Chairman, Non-Executive Director 13 Feb 2017
Mr Mark Benedict Forstmann Non-Executive Director 1 Mar 2017
Ms Virginia Malley Non-Executive Director 1 Mar 2017
Mr Jack Theseus Lowenstein Non-Executive Director, Company Secretary 13 Feb 2017

MEC Management

Name Position
Josephine Jang Company Secretary

MEC Substantial Shareholders

Holding Name
0 (10.09%) Westpac Banking Corporation Group and its associated companies

MEC Calendar of Events

Date Event
26 May 2020 Report (Interim)
30 October 2019 Report (Annual)
30 October 2019 Report (Prelim)
19 July 2019 Div Pay Date

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