Milton Corporation Limited is a publicly owned investment manager.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$6.59|
|52 Week High||AU$4.04|
|52 Week Low||AU$7.70|
|1 Month Change||4.27%|
|3 Month Change||9.65%|
|1 Year Change||61.92%|
|3 Year Change||42.64%|
|5 Year Change||58.41%|
|Change since IPO||717.95%|
Recent News & Updates
|MLT||AU Capital Markets||AU Market|
Return vs Industry: MLT exceeded the Australian Capital Markets industry which returned 26.3% over the past year.
Return vs Market: MLT exceeded the Australian Market which returned 23.7% over the past year.
Stable Share Price: MLT is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MLT's weekly volatility (4%) has been stable over the past year.
About the Company
Milton Corporation Limited is a publicly owned investment manager. It invests in the public equity and fixed income markets of Australia. The firm is a long-term investor in companies, trusts, interest bearing securities, real estate, and mortgages.
Milton Fundamentals Summary
|MLT fundamental statistics|
Is MLT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MLT income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.14|
|Net Profit Margin||89.22%|
How did MLT perform over the long term?See historical performance and comparison
2.1%Current Dividend Yield
Is Milton 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: MLT (A$6.59) is trading above our estimate of fair value (A$2.03)
Significantly Below Fair Value: MLT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MLT is poor value based on its PE Ratio (48.1x) compared to the Australian Capital Markets industry average (18.6x).
PE vs Market: MLT is poor value based on its PE Ratio (48.1x) compared to the Australian market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MLT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MLT's PB Ratio (1.4x) is in line with the AU Capital Markets industry average.
How is Milton 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 Milton 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 Milton performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MLT has high quality earnings.
Growing Profit Margin: MLT's current net profit margins (89.2%) are lower than last year (92.2%).
Past Earnings Growth Analysis
Earnings Trend: MLT's earnings have declined by 3.9% per year over the past 5 years.
Accelerating Growth: MLT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MLT had negative earnings growth (-21%) over the past year, making it difficult to compare to the Capital Markets industry average (12.8%).
Return on Equity
High ROE: MLT's Return on Equity (2.9%) is considered low.
How is Milton's financial position?
Financial Position Analysis
Short Term Liabilities: MLT's short term assets (A$93.0M) exceed its short term liabilities (A$1.5M).
Long Term Liabilities: MLT's short term assets (A$93.0M) do not cover its long term liabilities (A$546.1M).
Debt to Equity History and Analysis
Debt Level: MLT is debt free.
Reducing Debt: MLT has not had any debt for past 5 years.
Debt Coverage: MLT has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MLT has no debt, therefore coverage of interest payments is not a concern.
What is Milton current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MLT's dividend (2.09%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.32%).
High Dividend: MLT's dividend (2.09%) is low compared to the top 25% of dividend payers in the Australian market (5.55%).
Stability and Growth of Payments
Stable Dividend: MLT's dividend payments have been volatile in the past 10 years.
Growing Dividend: MLT's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (100.1%), MLT's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Brendan John O'Dea, B. Ec, M. Bus, CA, MAICD, has been Chief Executive Officer, Managing Director and Director of Milton Corporation Limited since August 1, 2018. Mr. O'Dea served as Deputy Chief Execu...
CEO Compensation Analysis
Compensation vs Market: Brendan's total compensation ($USD630.53K) is below average for companies of similar size in the Australian market ($USD1.83M).
Compensation vs Earnings: Brendan's compensation has been consistent with company performance over the past year.
Experienced Management: MLT's management team is seasoned and experienced (8.8 years average tenure).
Experienced Board: MLT's board of directors are seasoned and experienced ( 11 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MLT insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Milton Corporation Limited's employee growth, exchange listings and data sources
- Name: Milton Corporation Limited
- Ticker: MLT
- Exchange: ASX
- Founded: 1938
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: AU$4.443b
- Shares outstanding: 674.23m
- Website: https://www.milton.com.au
- Milton Corporation Limited
- 261 George Street
- Level 5
- New South Wales
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/22 08:06|
|End of Day Share Price||2021/09/21 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.