Mirrabooka Investments Limited is a publicly owned investment manager.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$3.95|
|52 Week High||AU$2.82|
|52 Week Low||AU$4.17|
|1 Month Change||1.28%|
|3 Month Change||1.80%|
|1 Year Change||33.45%|
|3 Year Change||50.76%|
|5 Year Change||39.09%|
|Change since IPO||295.00%|
Recent News & Updates
|MIR||AU Capital Markets||AU Market|
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.
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
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
|MIR fundamental statistics|
Is MIR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MIR income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.037|
|Net Profit Margin||65.38%|
How did MIR perform over the long term?See historical performance and comparison
2.5%Current Dividend Yield
Is Mirrabooka Investments undervalued compared to its fair value and its price relative to the market?
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.
How is Mirrabooka Investments forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Mirrabooka Investments performed over the past 5 years?
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.
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.
What is Mirrabooka Investments's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management 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...
Experienced Management: MIR's management team is seasoned and experienced (5.3 years average tenure).
Experienced Board: MIR's board of directors are considered experienced (3.7 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.3%.
Mirrabooka Investments Limited's employee growth, exchange listings and data sources
- 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
- Mirrabooka Investments Limited
- 101 Collins Street
- Level 21
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 07:05|
|End of Day Share Price||2021/10/22 00:00|
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.