Murray Cod Australia (ASX:MCA) Piotroski F-Score: 4 (As of Jun. 26, 2026) — 33% Above Median


ASX:MCA Murray Cod Australia Ltd ASX:MCA
27 GF Score
Price A$0.14
GF Value A$0.81
Valuation Possible Value Trap
! 7 Warning Signs
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What is Murray Cod Australia Piotroski F-Score?

Murray Cod Australia ASX:MCA 27 Piotroski F-Score is 4 as of Jun. 26, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates ASX:MCA with a GF Score™ of 27/100 and a GF Value™ of A$0.81 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Murray Cod Australia ranks worse than 66.93% on this metric.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Murray Cod Australia has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Murray Cod Australia's Piotroski F-Score or its related term are showing as below:

ASX:MCA' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 6
Current: 4

During the past 13 years, the highest Piotroski F-Score of Murray Cod Australia was 6. The lowest was 1. And the median was 3.

Murray Cod Australia  (ASX:MCA) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Murray Cod Australia Piotroski F-Score Related Terms


Murray Cod Australia Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Murray Cod Australia's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Murray Cod Australia Piotroski F-Score Chart

Murray Cod Australia Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 4.00 2.00 4.00 4.00

Murray Cod Australia Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 4.00 0.00 4.00 0.00

ASX:MCA vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, Murray Cod Australia's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Murray Cod Australia Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Murray Cod Australia's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Murray Cod Australia's Piotroski F-Score falls into.


ASX:MCA
27GF Score
Murray Cod Australia Ltd ASX:MCA
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was A$8.56 Mil.
Cash Flow from Operations was A$-16.91 Mil.
Revenue was A$10.66 Mil.
Gross Profit was A$34.28 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (136.666 + 163.035) / 2 = A$149.8505 Mil.
Total Assets at the begining of this year (Jun24) was A$136.67 Mil.
Long-Term Debt & Capital Lease Obligation was A$36.04 Mil.
Total Current Assets was A$70.52 Mil.
Total Current Liabilities was A$6.29 Mil.
Net Income was A$-6.22 Mil.

Revenue was A$10.21 Mil.
Gross Profit was A$13.75 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (93.809 + 136.666) / 2 = A$115.2375 Mil.
Total Assets at the begining of last year (Jun23) was A$93.81 Mil.
Long-Term Debt & Capital Lease Obligation was A$30.08 Mil.
Total Current Assets was A$55.01 Mil.
Total Current Liabilities was A$4.38 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Murray Cod Australia's current Net Income (TTM) was 8.56. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Murray Cod Australia's current Cash Flow from Operations (TTM) was -16.91. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jun24)
=8.558/136.666
=0.06261982

ROA (Last Year)=Net Income/Total Assets (Jun23)
=-6.219/93.809
=-0.06629428

Murray Cod Australia's return on assets of this year was 0.06261982. Murray Cod Australia's return on assets of last year was -0.06629428. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Murray Cod Australia's current Net Income (TTM) was 8.56. Murray Cod Australia's current Cash Flow from Operations (TTM) was -16.91. ==> -16.91 <= 8.56 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=36.041/149.8505
=0.24051304

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=30.075/115.2375
=0.26098275

Murray Cod Australia's gearing of this year was 0.24051304. Murray Cod Australia's gearing of last year was 0.26098275. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Jun25)=Total Current Assets/Total Current Liabilities
=70.519/6.286
=11.21842189

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=55.014/4.384
=12.54881387

Murray Cod Australia's current ratio of this year was 11.21842189. Murray Cod Australia's current ratio of last year was 12.54881387. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Murray Cod Australia's number of shares in issue this year was 141.266. Murray Cod Australia's number of shares in issue last year was 100.028. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=34.278/10.656
=3.21677928

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=13.75/10.213
=1.34632331

Murray Cod Australia's gross margin of this year was 3.21677928. Murray Cod Australia's gross margin of last year was 1.34632331. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun24)
=10.656/136.666
=0.07797111

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=10.213/93.809
=0.10887015

Murray Cod Australia's asset turnover of this year was 0.07797111. Murray Cod Australia's asset turnover of last year was 0.10887015. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+0+1+0+1+0+0+1+0
=4

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Murray Cod Australia has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Murray Cod Australia (ASX:MCA) has a Piotroski F-Score of 4 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Murray Cod Australia and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, Murray Cod Australia's Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, Murray Cod Australia ranks #1279 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 66.9%.
Is Murray Cod Australia's Piotroski F-Score too high?
Murray Cod Australia's current Piotroski F-Score of 4 is 33% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Murray Cod Australia's value of 4 is 20% below this industry median. Based on the distribution chart, Murray Cod Australia ranks #1279 out of 1911 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Murray Cod Australia has a GF Score™ of 27/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Murray Cod Australia's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Murray Cod Australia ranks #1279 out of 1911 companies for Piotroski F-Score. This places Murray Cod Australia in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Murray Cod Australia's value of 4 is 20% below this benchmark. Historically, Murray Cod Australia's own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Murray Cod Australia has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Murray Cod Australia's current Piotroski F-Score of 4 is 20% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Murray Cod Australia and its competitors. For the Consumer Packaged Goods industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Murray Cod Australia's current Piotroski F-Score is 4, which is 33% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Murray Cod Australia stock overvalued right now?
Based on GuruFocus' analysis, Murray Cod Australia (ASX:MCA) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.81, compared to a current price of A$0.14 — trading 83.3% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 20% below the Consumer Packaged Goods industry median of 5.00. Murray Cod Australia's overall GF Score™ is 27/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Murray Cod Australia (ASX:MCA), the current Piotroski F-Score is 4 as of Jun. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Murray Cod Australia (ASX:MCA) Overvalued in 2026?

Based on GuruFocus' analysis, Murray Cod Australia stock appears to be undervalued. The current stock price of A$0.14 is trading 83.3% below its estimated GF Value™ of A$0.81. GuruFocus considers Murray Cod Australia to be Possible Value Trap.

Key valuation signals for ASX:MCA:

  • Piotroski F-Score: 4 (33% above median its 10-year median of 3.00)
  • GF Value™: A$0.81 vs. price of A$0.14 (83.3% below fair value)
  • GF Score™: 27/100 with 7 warning signs
  • Industry Position: 20% below the Consumer Packaged Goods median (#1279 of 1911)

No single metric tells the full story. See the ASX:MCA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Murray Cod Australia Business Description

Address 2-4 Lasscock Road, Griffith, NSW, AUS, 2680
Murray Cod Australia Ltd is engaged in producing pond-grown Murray cod. The company grows Murray cod in open ponds or dams on the Murray-Darling Basin river system. Murray Cod Australia Ltd is branded as Aquna Sustainable Murray Cod. The company generates revenue from fish sales, cattle sales and equipment sales.
27GF Score

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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.14
Price
A$0.81
GF Value