MMS Stock Overview

Provides salary packaging, novated leasing, disability plan management, support co-ordination, asset management, and related financial products and services in Australia and New Zealand. More details

MMS fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	2/6
Past Performance	4/6
Financial Health	3/6
Dividends	3/6

Rewards

Trading at 53.4% below our estimate of its fair value

Earnings are forecast to grow 5.4% per year

Earnings grew by 39.7% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 32.1%

Risk Analysis

Debt is not well covered by operating cash flow

High level of non-cash earnings

Dividend of 10.75% is not well covered by earnings or free cash flows

My Notes

Capture your thoughts, links and company narrative

McMillan Shakespeare Limited Competitors

Smartgroup

ASX:SIQ

AU$990.3m

HiTech Group Australia

ASX:HIT

AU$84.6m

Peoplein

ASX:PPE

AU$99.9m

Ashley Services Group

ASX:ASH

AU$23.8m

Price History & Performance

Summary of share price highs, lows and changes for McMillan Shakespeare
Historical stock prices
Current Share Price	AU$14.51
52 Week High	AU$22.10
52 Week Low	AU$14.03
Beta	1.11
1 Month Change	-3.27%
3 Month Change	-1.83%
1 Year Change	-9.48%
3 Year Change	20.22%
5 Year Change	10.76%
Change since IPO	1,860.81%

The Returns At McMillan Shakespeare (ASX:MMS) Aren't Growing

Sep 17

McMillan Shakespeare (ASX:MMS) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Sep 02

Recent updates

The Returns At McMillan Shakespeare (ASX:MMS) Aren't Growing

Sep 17

McMillan Shakespeare (ASX:MMS) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Sep 02

McMillan Shakespeare Limited's (ASX:MMS) 26% Price Boost Is Out Of Tune With Earnings

Feb 23

We Ran A Stock Scan For Earnings Growth And McMillan Shakespeare (ASX:MMS) Passed With Ease

Jun 15

McMillan Shakespeare (ASX:MMS) Is Paying Out A Larger Dividend Than Last Year

Mar 06

McMillan Shakespeare (ASX:MMS) Seems To Use Debt Quite Sensibly

Oct 26

Calculating The Intrinsic Value Of McMillan Shakespeare Limited (ASX:MMS)

Aug 31

Is There Now An Opportunity In McMillan Shakespeare Limited (ASX:MMS)?

Jul 28

Is McMillan Shakespeare (ASX:MMS) Using Too Much Debt?

Apr 01

Do These 3 Checks Before Buying McMillan Shakespeare Limited (ASX:MMS) For Its Upcoming Dividend

Mar 06

McMillan Shakespeare (ASX:MMS) Has Compensated Shareholders With A Respectable 60% Return On Their Investment

Feb 09

Do Insiders Own Lots Of Shares In McMillan Shakespeare Limited (ASX:MMS)?

Jan 19

Are Insiders Buying McMillan Shakespeare Limited (ASX:MMS) Stock?

Jan 04

Is McMillan Shakespeare Limited (ASX:MMS) Trading At A 34% Discount?

Dec 20

At AU$11.83, Is McMillan Shakespeare Limited (ASX:MMS) Worth Looking At Closely?

Dec 06

Should We Be Cautious About McMillan Shakespeare Limited's (ASX:MMS) ROE Of 1.0%?

Nov 23

McMillan Shakespeare Limited (ASX:MMS) Insiders Increased Their Holdings

Sep 13

Is Now An Opportune Moment To Examine McMillan Shakespeare Limited (ASX:MMS)?

Aug 25

Shareholder Returns

	MMS	AU Professional Services	AU Market
7D	1.5%	2.6%	-0.5%
1Y	-9.5%	23.8%	8.2%

Return vs Industry: MMS underperformed the Australian Professional Services industry which returned 23.8% over the past year.

Return vs Market: MMS underperformed the Australian Market which returned 8.2% over the past year.

Price Volatility

Is MMS's price volatile compared to industry and market?
MMS volatility
MMS Average Weekly Movement	3.5%
Professional Services Industry Average Movement	6.6%
Market Average Movement	8.0%
10% most volatile stocks in AU Market	16.7%
10% least volatile stocks in AU Market	3.1%

Stable Share Price: MMS has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: MMS's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1988	1,328	Rob De Luca	mmsg.com.au

McMillan Shakespeare Limited provides salary packaging, novated leasing, disability plan management, support co-ordination, asset management, and related financial products and services in Australia and New Zealand. It operates through Group Remuneration Services, Asset Management Services, and Plan and Support Services segments. The Group Remuneration Services segment offers salary packaging and ancillary services, including novated leasing asset and finance procurement, motor vehicle administration, and other services.

McMillan Shakespeare Limited Fundamentals Summary

How do McMillan Shakespeare's earnings and revenue compare to its market cap?
MMS fundamental statistics
Market cap	AU$1.01b
Earnings (TTM)	AU$90.06m
Revenue (TTM)	AU$521.02m

11.2x

P/E Ratio

1.9x

P/S Ratio

Is MMS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MMS income statement (TTM)
Revenue	AU$521.02m
Cost of Revenue	AU$1.08m
Gross Profit	AU$519.94m
Other Expenses	AU$429.88m
Earnings	AU$90.06m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.29
Gross Margin	99.79%
Net Profit Margin	17.28%
Debt/Equity Ratio	424.7%

How did MMS perform over the long term?

See historical performance and comparison

Dividends

10.8%

Current Dividend Yield

119%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/24 08:21
End of Day Share Price	2024/12/24 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

McMillan Shakespeare Limited is covered by 18 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Hayden Nicholson	Bell Potter
Duncan Simmonds	BofA Global Research
Paul Buys	Canaccord Genuity

MMS Stock Overview

Rewards

Risk Analysis

McMillan Shakespeare Limited Competitors

ASX:SIQ

AU$990.3m

ASX:HIT

AU$84.6m

ASX:PPE

AU$99.9m

ASX:ASH

AU$23.8m

Price History & Performance

Recent News & Updates

The Returns At McMillan Shakespeare (ASX:MMS) Aren't Growing

McMillan Shakespeare Limited Appoints Elizabeth Spooner as Company Secretary

McMillan Shakespeare (ASX:MMS) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Full year 2024 earnings: EPS misses analyst expectations

Price target decreased by 7.3% to AU$19.72

Mcmillan Shakespeare Limited Announces Chief Financial Officer Appointments

Recent updates

The Returns At McMillan Shakespeare (ASX:MMS) Aren't Growing

McMillan Shakespeare Limited Appoints Elizabeth Spooner as Company Secretary

McMillan Shakespeare (ASX:MMS) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Full year 2024 earnings: EPS misses analyst expectations

Price target decreased by 7.3% to AU$19.72

Mcmillan Shakespeare Limited Announces Chief Financial Officer Appointments

Upcoming dividend of AU$0.76 per share

First half dividend of AU$0.76 announced

McMillan Shakespeare Limited's (ASX:MMS) 26% Price Boost Is Out Of Tune With Earnings

McMillan Shakespeare Limited to Report First Half, 2024 Results on Feb 20, 2024

Investor sentiment improves as stock rises 22%

Consensus EPS estimates increase by 16%

First half 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Now 20% undervalued

Price target decreased by 7.3% to AU$18.81

Now 23% undervalued after recent price drop

Now 20% undervalued after recent price drop

When Should You Buy McMillan Shakespeare Limited (ASX:MMS)?

Upcoming dividend of AU$0.66 per share at 7.0% yield

Consensus revenue estimates fall by 15%

Price target increased by 8.6% to AU$18.96

McMillan Shakespeare (ASX:MMS) Has A Pretty Healthy Balance Sheet

Mcmillan Shakespeare Limited Announces Dividend for the Six Month Ended June 30, 2023, Payable on September22, 2023

New major risk - Financial position

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

An unknown buyer acquired Asset Finance Aggregation business of McMillan Shakespeare Limited.

Price target increased by 7.8% to AU$17.45

A Look At The Fair Value Of McMillan Shakespeare Limited (ASX:MMS)

We Ran A Stock Scan For Earnings Growth And McMillan Shakespeare (ASX:MMS) Passed With Ease

McMillan Shakespeare (ASX:MMS) Is Paying Out A Larger Dividend Than Last Year

Upcoming dividend of AU$0.58 per share at 10.0% yield

First half 2023 earnings released: EPS: AU$0.48 (vs AU$0.39 in 1H 2022)

McMillan Shakespeare Limited, Annual General Meeting, Oct 27, 2023

Independent Non-Executive Chairman recently bought AU$62k worth of stock

McMillan Shakespeare (ASX:MMS) Seems To Use Debt Quite Sensibly

Upcoming dividend of AU$0.74 per share

McMillan Shakespeare Limited Appoints Arlene Tansey as Independent Non-Executive Director, Effective 7 November 2022

McMillan Shakespeare Limited Announces Retirement of Tim Poole From the Board of Directors, Effective 31 August 2022

Calculating The Intrinsic Value Of McMillan Shakespeare Limited (ASX:MMS)

Full year 2022 earnings: EPS and revenues miss analyst expectations

Price target increased to AU$13.63

McMillan Shakespeare Limited Declares Fully Franked Dividend for the Six Months Ended June 30, 2022, Payable on November 10, 2022

Investor sentiment improved over the past week

Is There Now An Opportunity In McMillan Shakespeare Limited (ASX:MMS)?

Price target decreased to AU$13.01

Price target increased to AU$14.29

Price target decreased to AU$13.23

Upcoming dividend of AU$0.34 per share

McMillan Shakespeare Limited, Annual General Meeting, Oct 28, 2022

First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

McMillan Shakespeare Limited Declares an Interim Fully Franked Dividend, Payable on 25 March 2022

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Upcoming dividend of AU$0.31 per share

McMillan Shakespeare Limited (ASX:MMS) acquired Plan Tracker.

Full year 2021 earnings released: EPS AU$0.79 (vs AU$0.016 in FY 2020)

Price target increased to AU$14.84