Clean Seas Tuna Limited (CSS)



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General Information
Company Name: Clean Seas Tuna Limited
Stock Code: CSS
Website: www.cleanseas.com.au
GICS Sub-Industry: Agricultural Products
Market Cap ($M): 74
Equiv. Shares (M): 1,105

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.067 $ 0.064 $ 0.067 $ 0.063 $ 0.064 1,055,219 $ 0.003  4.688 %

Current Broker Consensus Recommendation more
Recommendation: Buy (2)
Recommendation Date: 18th Dec 2014
Brokers Surveyed: 1

Company Overview

Business Description:
Clean Seas Tuna Limited (CSS) is involved in the aquaculture industry focused on the production of Hiramasa Yellowtail Kingfish. The Company’s main activities include the propagation of Kingfish, producing fingerlings for sale and growout; the growout of Kingfish for sale; and Southern Bluefin Tuna research and development.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016  F -- 0.3 40.9 21.6 -- 0.0 --
2015  F -- 0.2 -89.8 30.5 -- 0.0 --
2014  A 21.0 2.2 -- 2.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
Clean Seas Tuna (CSS) $71 M -- -0.8981 0.4091 2.9630 29.0909 20.6452 0.00 0.00 0.00
Graincorp (GNC) $1,817 M -0.4578 -0.1231 0.5539 19.1973 21.8914 14.0880 2.52 2.12 3.68
Ridley Corp (RIC) $282 M 0.5912 0.1664 -0.0499 14.7819 12.6731 13.3382 1.64 4.85 4.92
Select Harvests (SHV) $441 M 0.1922 0.3336 -0.1689 12.7254 9.5421 11.4809 3.22 4.35 3.22

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
CSS 0.20 5.38 1.70 10.00 6.26
Market 1.02 13.7 0.96 0.99 2.90
Sector 0.64 15.1 1.27 2.39 0.93

Directors
Name Position Start Date
Mr Paul Robinson Alternate Director 09 December 2005
Dr Craig Foster Chief Executive Officer 16 January 2012
Mr Hagen Heinz Stehr Founding Director 05 September 2000
Mr Nicholas (Nick) Jon Burrows Non-Executive Director 18 April 2012
Mr Marcus Anthony Stehr Non-Executive Director 05 December 2000
Mr Paul James Steere Non-Executive Director,Non-Executive Chairman 20 May 2010

Management
Name Position
Wayne Materne Chief Financial Officer,Company Secretary
Chester Wilkes Marine Production Manager

Substantial Shareholders
Holding Name
100,316,577 (12.51%) Australian Tuna Fisheries Pty Ltd

Calendar of Events
Date Event
24 August 2015 Report (Annual)
14 August 2015 Report (Prelim)
20 February 2015 Report (Interim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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