McMillan Shakespeare Future Growth

Future criteria checks 2/6

McMillan Shakespeare is forecast to grow earnings and revenue by 7.5% and 4% per annum respectively. EPS is expected to grow by 7.1% per annum. Return on equity is forecast to be 74.3% in 3 years.

Key information

7.5%

Earnings growth rate

7.1%

EPS growth rate

Professional Services earnings growth	10.2%
Revenue growth rate	4.0%
Future return on equity	74.3%
Analyst coverage	Good
Last updated	18 Apr 2024

Recent future growth updates

Recent updates

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

Investors Holding Back On McMillan Shakespeare Limited (ASX:MMS)

Aug 10

Does McMillan Shakespeare's (ASX:MMS) Statutory Profit Adequately Reflect Its Underlying Profit?

Aug 10

McMillan Shakespeare (ASX:MMS) Share Prices Have Dropped 36% In The Last Five Years

Jul 29

Earnings and Revenue Growth Forecasts

ASX:MMS - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2026	552	107	135	120	9
6/30/2025	538	98	121	111	9
6/30/2024	525	94	91	43	8
12/31/2023	481	76	-80	-60	N/A
9/30/2023	472	70	-36	-18	N/A
6/30/2023	464	64	8	25	N/A
12/31/2022	347	69	112	122	N/A
9/30/2022	383	68	111	121	N/A
6/30/2022	419	67	111	120	N/A
3/31/2022	601	68	114	124	N/A
12/31/2021	608	66	118	128	N/A
9/30/2021	576	63	151	162	N/A
6/30/2021	544	61	185	195	N/A
3/31/2021	508	27	221	231	N/A
12/31/2020	471	-7	257	266	N/A
9/30/2020	483	-3	215	227	N/A
6/30/2020	494	1	174	188	N/A
3/31/2020	520	32	149	166	N/A
12/31/2019	547	64	125	145	N/A
9/30/2019	548	64	119	139	N/A
6/30/2019	550	64	114	133	N/A
3/31/2019	549	57	112	130	N/A
12/31/2018	549	49	111	128	N/A
9/30/2018	547	50	107	123	N/A
6/30/2018	545	50	103	118	N/A
3/31/2018	544	56	73	86	N/A
12/31/2017	542	62	42	53	N/A
9/30/2017	533	65	N/A	50	N/A
6/30/2017	523	68	N/A	47	N/A
3/31/2017	518	76	N/A	52	N/A
12/31/2016	512	84	N/A	58	N/A
9/30/2016	508	83	N/A	76	N/A
6/30/2016	505	82	N/A	95	N/A
3/31/2016	478	79	N/A	53	N/A
12/31/2015	451	75	N/A	12	N/A
9/30/2015	420	71	N/A	-2	N/A
6/30/2015	390	67	N/A	-16	N/A
3/31/2015	379	67	N/A	20	N/A
12/31/2014	369	67	N/A	56	N/A
9/30/2014	358	61	N/A	47	N/A
6/30/2014	347	55	N/A	37	N/A
3/31/2014	339	53	N/A	37	N/A
12/31/2013	331	52	N/A	38	N/A
9/30/2013	331	57	N/A	33	N/A
6/30/2013	330	62	N/A	28	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MMS's forecast earnings growth (7.5% per year) is above the savings rate (2.3%).

Earnings vs Market: MMS's earnings (7.5% per year) are forecast to grow slower than the Australian market (13.5% per year).

High Growth Earnings: MMS's earnings are forecast to grow, but not significantly.

Revenue vs Market: MMS's revenue (4% per year) is forecast to grow slower than the Australian market (5% per year).

High Growth Revenue: MMS's revenue (4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MMS's Return on Equity is forecast to be very high in 3 years time (74.3%).

McMillan Shakespeare Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 16%

Price target decreased by 7.3% to AU$18.81

Consensus revenue estimates fall by 15%

Price target increased by 8.6% to AU$18.96

Price target increased by 7.8% to AU$17.45

Price target increased to AU$13.63

Recent updates

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

Independent Non-Executive Director has left the company

Independent Non-Executive Director has left the company

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

Non-Executive Director recently sold AU$1.5m worth of stock

New 90-day low: AU$11.30

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

First half 2021 earnings released: EPS AU$0.33 (vs AU$0.42 in 1H 2020)

McMillan Shakespeare Limited (ASX:MMS) acquired remaining 50% stake in Maxxia Limited for AUD 1.8 million.

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

McMillan Shakespeare Limited to Report Fiscal Year 2021 Results on Aug 24, 2021

Price target raised to AU$12.00

New 90-day high: AU$12.68

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

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

New 90-day high: AU$12.26

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