McMillan Shakespeare (CHIA:MMS) - Stock Price, News & Analysis

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.

About the company

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 55.3% below our estimate of its fair value

Earnings are forecast to grow 5.32% 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

Dividend of 10.36% is not well covered by earnings or free cash flows

High level of non-cash earnings

Debt is not well covered by operating cash flow

McMillan Shakespeare Limited Competitors

Smartgroup

ASX:SIQ

AU$1.1b

HiTech Group Australia

ASX:HIT

AU$81.2m

Peoplein

ASX:PPE

AU$83.1m

Ashley Services Group

ASX:ASH

AU$27.4m

Price History & Performance

Summary of all time highs, changes and price drops for McMillan Shakespeare
Historical stock prices
Current Share Price	AU$15.07
52 Week High	AU$22.08
52 Week Low	AU$14.64
Beta	1.08
11 Month Change	-5.04%
3 Month Change	-14.13%
1 Year Change	-6.74%
33 Year Change	6.24%
5 Year Change	-4.86%
Change since IPO	54.48%

Recent updates

Shareholder Returns

	MMS	AU Professional Services	AU Market
7D	1.0%	-1.1%	0.4%
1Y	-6.7%	0.8%	16.4%

Return vs Industry: MMS underperformed the Australian Professional Services industry which returned 0.8% over the past year.

Return vs Market: MMS underperformed the Australian Market which returned 16.4% over the past year.

Price Volatility

Is MMS's price volatile compared to industry and market?
MMS volatility
MMS Average Weekly Movement	4.7%
Professional Services Industry Average Movement	6.7%
Market Average Movement	8.8%
10% most volatile stocks in AU Market	16.7%
10% least volatile stocks in AU Market	3.6%

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

Volatility Over Time: MMS's weekly volatility (5%) 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$1.05b
Earnings (TTM)	AU$90.06m
Revenue (TTM)	AU$521.02m

11.6x

P/E Ratio

2.0x

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

10.4%

Current Dividend Yield

119%

Payout Ratio

MMS Stock Overview

Rewards

Risk Analysis

McMillan Shakespeare Limited Competitors

ASX:SIQ

AU$1.1b

ASX:HIT

AU$81.2m

ASX:PPE

AU$83.1m

ASX:ASH

AU$27.4m

Price History & Performance

Recent News & Updates

McMillan Shakespeare Limited Appoints Elizabeth Spooner as Company Secretary

Final dividend of AU$0.78 announced

Mcmillan Shakespeare Limited Announces Chief Financial Officer Appointments

Upcoming dividend of AU$0.76 per share

Investor sentiment improves as stock rises 24%

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

Recent updates

McMillan Shakespeare Limited Appoints Elizabeth Spooner as Company Secretary

Final dividend of AU$0.78 announced

Mcmillan Shakespeare Limited Announces Chief Financial Officer Appointments

Upcoming dividend of AU$0.76 per share

Investor sentiment improves as stock rises 24%

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

First half dividend of AU$0.76 announced

First half 2024 earnings released: EPS: AU$0.63 (vs AU$0.48 in 1H 2023)

Now 25% overvalued after recent price rise

Now 20% undervalued

Now 23% undervalued after recent price drop

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

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 released: EPS: AU$0.90 (vs AU$0.91 in FY 2022)

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

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

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

Full year 2022 earnings released: EPS: AU$0.91 (vs AU$0.79 in FY 2021)

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

Upcoming dividend of AU$0.34 per share

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

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

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

Upcoming dividend of AU$0.31 per share

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

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

Independent Non-Executive Director has left the company

Independent Non-Executive Director has left the company

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

New 90-day low: AU$11.26

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

New 90-day high: AU$12.99

New 90-day high: AU$12.32

New 90-day high: AU$10.11

McMillan Shakespeare Limited Announces Board Changes

McMillan Shakespeare Ltd. (ASX:MMS) entered into binding agreement to acquire United Financial Services Pty Ltd, United Financial Services Network Pty Ltd and United Financial Services (Queensland) Pty Ltd for AUD 43.1 million.

New 90-day low: AU$8.21

McMillan Shakespeare Limited(ASX:MMS) dropped from S&P/ASX 200 Industrials Sector Index

New 90-day low - AU$8.42

Full year earnings released - EPS AU$0.016

Earnings released

McMillan Shakespeare Limited Announces No Final Dividend for the Fiscal Year 2020

McMillan Shakespeare Limited (ASX:MMS) agreed to acquire the remaining 25% stake in Plan Partners from Disability Services Australia Limited for AUD 8 million.