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MIL

Millennium Services GroupASX:MIL Stock Report

Market Cap

AU$31.5m

7D

4.8%

1Y

54.8%

Updated

26 Oct, 2021

Data

Company Financials +
MIL fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance1/6
Financial Health1/6
Dividends0/6

MIL Overview

Millennium Services Group Limited provides cleaning and security services in Australia and New Zealand.

Price History & Performance

Summary of all time highs, changes and price drops for Millennium Services Group
Historical stock prices
Current Share PriceAU$0.65
52 Week HighAU$0.35
52 Week LowAU$0.77
Beta1.83
1 Month Change12.07%
3 Month Change16.07%
1 Year Change54.76%
3 Year Change22.64%
5 Year Change-57.38%
Change since IPO-71.11%

Recent News & Updates

Aug 02
Estimating The Fair Value Of Millennium Services Group Limited (ASX:MIL)

Estimating The Fair Value Of Millennium Services Group Limited (ASX:MIL)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Millennium Services...

May 06
What Does Millennium Services Group Limited's (ASX:MIL) Share Price Indicate?

What Does Millennium Services Group Limited's (ASX:MIL) Share Price Indicate?

While Millennium Services Group Limited ( ASX:MIL ) might not be the most widely known stock at the moment, it received...

Shareholder Returns

MILAU Commercial ServicesAU Market
7D4.8%2.4%0.8%
1Y54.8%15.0%24.4%

Return vs Industry: MIL exceeded the Australian Commercial Services industry which returned 15% over the past year.

Return vs Market: MIL exceeded the Australian Market which returned 24.4% over the past year.

Price Volatility

Is MIL's price volatile compared to industry and market?
MIL volatility
MIL Beta1.83
Industry Beta0.91
Market Beta1

Stable Share Price: MIL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: MIL's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003n/aScott Alomeshttps://www.millenniumsg.com

Millennium Services Group Limited provides cleaning and security services in Australia and New Zealand. The company offers cleaning, security, maintenance, and property services. It serves retail shopping centers, commercial properties, government buildings, and education facilities, as well as COVID-19 testing centers.

Millennium Services Group Fundamentals Summary

How do Millennium Services Group's earnings and revenue compare to its market cap?
MIL fundamental statistics
Market CapAU$31.48m
Earnings (TTM)AU$17.36m
Revenue (TTM)AU$273.68m

1.8x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MIL income statement (TTM)
RevenueAU$273.68m
Cost of RevenueAU$40.05m
Gross ProfitAU$233.63m
ExpensesAU$216.27m
EarningsAU$17.36m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.36
Gross Margin85.36%
Net Profit Margin6.34%
Debt/Equity Ratio-281.9%

How did MIL perform over the long term?

See historical performance and comparison

Valuation

Is Millennium Services Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MIL (A$0.65) is trading below our estimate of fair value (A$1.98)

Significantly Below Fair Value: MIL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MIL is good value based on its PE Ratio (1.8x) compared to the Australian Commercial Services industry average (20.6x).

PE vs Market: MIL is good value based on its PE Ratio (1.8x) compared to the Australian market (20x).


Price to Earnings Growth Ratio

PEG Ratio: MIL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: MIL has negative assets, so we can't compare its PB Ratio to the AU Commercial Services industry average.


Future Growth

How is Millennium Services Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-37.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MIL's earnings are forecast to decline over the next 3 years (-37.9% per year).

Earnings vs Market: MIL's earnings are forecast to decline over the next 3 years (-37.9% per year).

High Growth Earnings: MIL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MIL's revenue (2.1% per year) is forecast to grow slower than the Australian market (5.3% per year).

High Growth Revenue: MIL's revenue (2.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MIL's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Millennium Services Group performed over the past 5 years?

25.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MIL has a large one-off gain of A$24.7M impacting its June 30 2021 financial results.

Growing Profit Margin: MIL's current net profit margins (6.3%) are lower than last year (6.4%).


Past Earnings Growth Analysis

Earnings Trend: MIL has become profitable over the past 5 years, growing earnings by 25.8% per year.

Accelerating Growth: MIL's earnings growth over the past year (4.6%) is below its 5-year average (25.8% per year).

Earnings vs Industry: MIL earnings growth over the past year (4.6%) underperformed the Commercial Services industry 7.9%.


Return on Equity

High ROE: MIL's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is Millennium Services Group's financial position?


Financial Position Analysis

Short Term Liabilities: MIL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: MIL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: MIL has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: MIL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: MIL's debt is well covered by operating cash flow (631.5%).

Interest Coverage: Insufficient data to determine if MIL's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Millennium Services Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MIL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MIL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MIL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MIL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MIL is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MIL's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Scott Alomes (62 yo)

0.33

Tenure

AU$235,135

Compensation

Mr. Scott Alomes had been Chief Operating Officer at Millennium Services Group Limited since May 2021 until June 7, 2021 and serves as its Chief Executive Officer since June 7, 2021. Mr. Alomes served as C...


CEO Compensation Analysis

Compensation vs Market: Scott's total compensation ($USD176.26K) is below average for companies of similar size in the Australian market ($USD301.38K).

Compensation vs Earnings: Insufficient data to compare Scott's compensation with company performance.


Leadership Team

Experienced Management: MIL's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: MIL's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.4%.


Top Shareholders

Company Information

Millennium Services Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Millennium Services Group Limited
  • Ticker: MIL
  • Exchange: ASX
  • Founded: 2003
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: AU$31.478m
  • Shares outstanding: 48.43m
  • Website: https://www.millenniumsg.com

Location

  • Millennium Services Group Limited
  • 205-211 Forster Road
  • Level 1
  • Mount Waverley
  • Victoria
  • 3149
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 07:02
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.