Mitchell Services Limited, together with its subsidiaries, provides exploration and mine site drilling services to the exploration, mining, and energy industries, primarily in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.44|
|52 Week High||AU$0.36|
|52 Week Low||AU$0.60|
|1 Month Change||-4.35%|
|3 Month Change||-2.22%|
|1 Year Change||-20.72%|
|3 Year Change||-4.35%|
|5 Year Change||10.00%|
|Change since IPO||-82.75%|
Recent News & Updates
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Mitchell Services Limited's (ASX:MSV) CEO For Now
The share price of Mitchell Services Limited ( ASX:MSV ) has struggled to grow by much over the last few years and...
The Executive Chairman of Mitchell Services Limited (ASX:MSV), Nathan Mitchell, Just Bought 1.3% More Shares
Investors who take an interest in Mitchell Services Limited ( ASX:MSV ) should definitely note that the Executive...
|MSV||AU Metals and Mining||AU Market|
Return vs Industry: MSV underperformed the Australian Metals and Mining industry which returned 10.8% over the past year.
Return vs Market: MSV underperformed the Australian Market which returned 21.3% over the past year.
Stable Share Price: MSV is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: MSV's weekly volatility (6%) has been stable over the past year.
About the Company
Mitchell Services Limited, together with its subsidiaries, provides exploration and mine site drilling services to the exploration, mining, and energy industries, primarily in Australia. The company provides coal exploration, mineral exploration, mine services, drill and blast, underground, large diameter, coal seam gas, directional drilling services, coal mine gas drainage, and wireline services. It was formerly known as Drill Torque Limited and changed its name to Mitchell Services Limited in December 2013.
Mitchell Services Fundamentals Summary
|MSV fundamental statistics|
Is MSV overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MSV income statement (TTM)|
|Cost of Revenue||AU$115.89m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.026|
|Net Profit Margin||-3.08%|
How did MSV perform over the long term?See historical performance and comparison
Is Mitchell Services undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MSV (A$0.44) is trading below our estimate of fair value (A$0.47)
Significantly Below Fair Value: MSV is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MSV is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: MSV is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MSV's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MSV is good value based on its PB Ratio (1.9x) compared to the AU Metals and Mining industry average (2.6x).
How is Mitchell Services forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MSV is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: MSV is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MSV's is expected to become profitable in the next 3 years.
Revenue vs Market: MSV's revenue (1.9% per year) is forecast to grow slower than the Australian market (5.5% per year).
High Growth Revenue: MSV's revenue (1.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MSV's Return on Equity is forecast to be low in 3 years time (17.4%).
How has Mitchell Services performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MSV is currently unprofitable.
Growing Profit Margin: MSV is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MSV is unprofitable, but has reduced losses over the past 5 years at a rate of 31.4% per year.
Accelerating Growth: Unable to compare MSV's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MSV is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).
Return on Equity
High ROE: MSV has a negative Return on Equity (-11.43%), as it is currently unprofitable.
How is Mitchell Services's financial position?
Financial Position Analysis
Short Term Liabilities: MSV's short term assets (A$47.4M) do not cover its short term liabilities (A$50.2M).
Long Term Liabilities: MSV's short term assets (A$47.4M) exceed its long term liabilities (A$25.0M).
Debt to Equity History and Analysis
Debt Level: MSV's debt to equity ratio (22.7%) is considered satisfactory.
Reducing Debt: MSV's debt to equity ratio has reduced from 54.6% to 22.7% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MSV has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MSV is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 57.3% per year.
What is Mitchell Services's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MSV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MSV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MSV's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MSV's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MSV is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MSV's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Andrew Michael Elf, B.Com, CPA, MBA, GAICD, FCPA, has been the Chief Executive Officer of Mitchell Services Limited since March 20, 2014. Mr. Elf serves as General Manager of Drilling Services and Gene...
CEO Compensation Analysis
Compensation vs Market: Andrew's total compensation ($USD607.82K) is above average for companies of similar size in the Australian market ($USD302.87K).
Compensation vs Earnings: Andrew's compensation has increased whilst the company is unprofitable.
Experienced Management: MSV's management team is considered experienced (2.5 years average tenure).
Experienced Board: MSV's board of directors are considered experienced (7.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MSV 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 12.9%.
Mitchell Services Limited's employee growth, exchange listings and data sources
- Name: Mitchell Services Limited
- Ticker: MSV
- Exchange: ASX
- Founded: 1969
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$98.978m
- Shares outstanding: 224.95m
- Website: https://www.mitchellservices.com.au
Number of Employees
- Mitchell Services Limited
- 112 Bluestone Circuit
- Seventeen Mile Rocks
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/24 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.