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MIR

Mirrabooka InvestmentsASX:MIR Stock Report

Market Cap

AU$703.4m

7D

1.8%

1Y

33.4%

Updated

22 Oct, 2021

Data

Company Financials
MIR fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends1/6

MIR Overview

Mirrabooka Investments Limited is a publicly owned investment manager.

Price History & Performance

Summary of all time highs, changes and price drops for Mirrabooka Investments
Historical stock prices
Current Share PriceAU$3.95
52 Week HighAU$2.82
52 Week LowAU$4.17
Beta0.64
1 Month Change1.28%
3 Month Change1.80%
1 Year Change33.45%
3 Year Change50.76%
5 Year Change39.09%
Change since IPO295.00%

Recent News & Updates

Shareholder Returns

MIRAU Capital MarketsAU Market
7D1.8%2.8%0.7%
1Y33.4%26.3%21.4%

Return vs Industry: MIR exceeded the Australian Capital Markets industry which returned 26.3% over the past year.

Return vs Market: MIR exceeded the Australian Market which returned 21.4% over the past year.

Price Volatility

Is MIR's price volatile compared to industry and market?
MIR volatility
MIR Beta0.64
Industry Beta0.99
Market Beta1

Stable Share Price: MIR is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MIR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999n/aRobert Freemanhttps://www.mirra.com.au

Mirrabooka Investments Limited is a publicly owned investment manager. It invests in the public equity markets of Australia and New Zealand. The firm primarily invests in value stocks of small-cap and mid-cap companies, targeting companies which fall outside the top 50 listed companies, by market capitalization, on the Australian Stock Exchange.

Mirrabooka Investments Fundamentals Summary

How do Mirrabooka Investments's earnings and revenue compare to its market cap?
MIR fundamental statistics
Market CapAU$703.38m
Earnings (TTM)AU$6.44m
Revenue (TTM)AU$9.85m

107.9x

P/E Ratio

70.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MIR income statement (TTM)
RevenueAU$9.85m
Cost of RevenueAU$0
Gross ProfitAU$9.85m
ExpensesAU$3.41m
EarningsAU$6.44m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.037
Gross Margin100.00%
Net Profit Margin65.38%
Debt/Equity Ratio0.0%

How did MIR perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

259%

Payout Ratio

Valuation

Is Mirrabooka Investments undervalued compared to its fair value and its price relative to the market?

107.86x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MIR (A$3.95) is trading above our estimate of fair value (A$0.23)

Significantly Below Fair Value: MIR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MIR is poor value based on its PE Ratio (107.9x) compared to the Australian Capital Markets industry average (17.5x).

PE vs Market: MIR is poor value based on its PE Ratio (107.9x) compared to the Australian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MIR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MIR's PB Ratio (1.3x) is in line with the AU Capital Markets industry average.


Future Growth

How is Mirrabooka Investments forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.1%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mirrabooka Investments has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Mirrabooka Investments performed over the past 5 years?

-6.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MIR has high quality earnings.

Growing Profit Margin: MIR's current net profit margins (65.4%) are lower than last year (67%).


Past Earnings Growth Analysis

Earnings Trend: MIR's earnings have declined by 6.2% per year over the past 5 years.

Accelerating Growth: MIR's earnings growth over the past year (0.7%) exceeds its 5-year average (-6.2% per year).

Earnings vs Industry: MIR earnings growth over the past year (0.7%) underperformed the Capital Markets industry 12.8%.


Return on Equity

High ROE: MIR's Return on Equity (1.2%) is considered low.


Financial Health

How is Mirrabooka Investments's financial position?


Financial Position Analysis

Short Term Liabilities: MIR's short term assets (A$31.8M) exceed its short term liabilities (A$10.7M).

Long Term Liabilities: MIR's short term assets (A$31.8M) do not cover its long term liabilities (A$90.0M).


Debt to Equity History and Analysis

Debt Level: MIR is debt free.

Reducing Debt: MIR has not had any debt for past 5 years.

Debt Coverage: MIR has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MIR has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Mirrabooka Investments's current dividend yield, its reliability and sustainability?

2.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MIR's dividend (2.53%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: MIR's dividend (2.53%) is low compared to the top 25% of dividend payers in the Australian market (5.31%).


Stability and Growth of Payments

Stable Dividend: MIR's dividend payments have been volatile in the past 10 years.

Growing Dividend: MIR's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (258.9%), MIR's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

5.3yrs

Average management tenure


CEO

Robert Freeman

3.75yrs

Tenure

Mr. Robert Mark Freeman, BE, MBA, Grad Dip App Fin (Sec Inst), AMP (INSEAD), serves as Managing Director of Djerriwarrh Investments Limited, AMCIL Limited and Mirrabooka Investments Limited. Mr. Freeman se...


Leadership Team

Experienced Management: MIR's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: MIR's board of directors are considered experienced (3.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: MIR 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 8.3%.


Top Shareholders

Company Information

Mirrabooka Investments Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Mirrabooka Investments Limited
  • Ticker: MIR
  • Exchange: ASX
  • Founded: 1999
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: AU$703.381m
  • Shares outstanding: 175.85m
  • Website: https://www.mirra.com.au

Location

  • Mirrabooka Investments Limited
  • 101 Collins Street
  • Level 21
  • Melbourne
  • Victoria
  • 3000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 07:05
End of Day Share Price2021/10/22 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.