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MLT

MiltonASX:MLT Stock Report

Market Cap

AU$4.4b

7D

-11.3%

1Y

61.9%

Updated

22 Sep, 2021

Data

Company Financials
MLT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends0/6

MLT Overview

Milton Corporation Limited is a publicly owned investment manager.

Price History & Performance

Summary of all time highs, changes and price drops for Milton
Historical stock prices
Current Share PriceAU$6.59
52 Week HighAU$4.04
52 Week LowAU$7.70
Beta0.65
1 Month Change4.27%
3 Month Change9.65%
1 Year Change61.92%
3 Year Change42.64%
5 Year Change58.41%
Change since IPO717.95%

Recent News & Updates

Shareholder Returns

MLTAU Capital MarketsAU Market
7D-11.3%1.9%0.9%
1Y61.9%21.7%20.2%

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.

Price Volatility

Is MLT's price volatile compared to industry and market?
MLT volatility
MLT Beta0.65
Industry Beta0.98
Market Beta1

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

FoundedEmployeesCEOWebsite
1938n/aBrendan O'Deahttps://www.milton.com.au

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

How do Milton's earnings and revenue compare to its market cap?
MLT fundamental statistics
Market CapAU$4.44b
Earnings (TTM)AU$92.38m
Revenue (TTM)AU$103.54m

48.1x

P/E Ratio

42.9x

P/S Ratio


Dividends

2.1%

Current Dividend Yield

100%

Payout Ratio

Valuation

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

48.1x

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.


Future Growth

How is Milton 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 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.


Past Performance

How has Milton performed over the past 5 years?

-3.9%

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.


Financial Health

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.


Balance Sheet


Dividend

What is Milton current dividend yield, its reliability and sustainability?

2.09%

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.


Next Steps

Management

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

8.8yrs

Average management tenure


CEO

Brendan O'Dea

3.08yrs

Tenure

AU$872,597

Compensation

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.


Leadership Team

Experienced Management: MLT's management team is seasoned and experienced (8.8 years average tenure).


Board Members

Experienced Board: MLT's board of directors are seasoned and experienced ( 11 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Milton Corporation Limited's employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • Milton Corporation Limited
  • 261 George Street
  • Level 5
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/22 08:06
End of Day Share Price2021/09/21 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.