Mitchell Services Limited

ASX:MSV Stock Report

Market Cap: AU$98.6m

Mitchell Services Dividends and Buybacks

Dividend criteria checks 2/6

Mitchell Services is a dividend paying company with a current yield of 17.2%.

Key information

17.2%

Dividend yield

0.5%

Buyback Yield

Total Shareholder Yield17.7%
Future Dividend Yield8.6%
Dividend Growthn/a
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ratio95%

Recent dividend and buyback updates

Recent updates

Narrative Update Apr 11

MSV: Special Dividend And Stable Assumptions Will Support Balanced Future Returns

Analysts have reaffirmed their price target for Mitchell Services at A$0.50, reflecting updated assumptions around discount rate, revenue growth, profit margin and future P/E while keeping their fair value view unchanged. What's in the News Mitchell Services has announced a special dividend of A$0.04000000 per share for the six month period ended December 31, 2025 (Key Developments).
Narrative Update Mar 28

MSV: Special Dividend And Steady Assumptions Will Support Attractive Upside Potential

Analysts have made a small adjustment to their valuation work on Mitchell Services, with the updated price target now reflecting a slightly lower discount rate and future P/E assumptions, while keeping fair value and profit margin expectations broadly unchanged. What's in the News Mitchell Services announced a special dividend of A$0.04000000 per share for the six months ended December 31, 2025, with payment scheduled for March 17, 2026 (company announcement).
Narrative Update Mar 13

MSV: Special Dividend And Steady Assumptions Will Shape Measured Outlook

Analysts have nudged their price target for Mitchell Services slightly higher to A$0.50, reflecting modest tweaks to their discount rate and future P/E assumptions while keeping fair value and growth expectations broadly unchanged. What's in the News Mitchell Services has announced a special dividend of A$0.04 per share for the six month period ended December 31, 2025, fully franked for eligible shareholders (Key Developments).
Narrative Update Feb 26

MSV: Special Dividend And Higher Future P/E Will Shape Balanced Outlook

Analysts have left their price target for Mitchell Services unchanged at A$0.50, reflecting slightly softer assumptions for revenue growth and profit margins and a small adjustment to the discount rate and future P/E expectations. What's in the News Mitchell Services has announced a special dividend of A$0.04 per share for the six months ended December 31, 2025, fully franked.
Narrative Update Feb 12

MSV: Higher Future P/E Assumptions Will Support A More Bullish Outlook

Analysts have kept their fair value view on Mitchell Services broadly steady, making slight updates to inputs such as the discount rate and assumed future P/E. This results in a modest adjustment in their A$ price target rather than a major reset in expectations.
Narrative Update Jan 29

MSV: Higher Future P/E Assumptions Will Support A More Bullish Outlook

Analysts have lifted their price target on Mitchell Services from A$0.45 to A$0.50, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. Valuation Changes Fair Value: Price target fair value figure updated from A$0.45 to A$0.50, a modest uplift in the modelled valuation.
Analysis Article Oct 15

Capital Allocation Trends At Mitchell Services (ASX:MSV) Aren't Ideal

If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? A business...
Analysis Article Jul 12

The Market Lifts Mitchell Services Limited (ASX:MSV) Shares 27% But It Can Do More

The Mitchell Services Limited ( ASX:MSV ) share price has done very well over the last month, posting an excellent gain...
Analysis Article May 14

Investors Could Be Concerned With Mitchell Services' (ASX:MSV) Returns On Capital

When researching a stock for investment, what can tell us that the company is in decline? When we see a declining...
Analysis Article Apr 09

Many Still Looking Away From Mitchell Services Limited (ASX:MSV)

With a price-to-earnings (or "P/E") ratio of 11.3x Mitchell Services Limited ( ASX:MSV ) may be sending bullish signals...
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New Narrative Feb 07

New PNG Contracts And SIS Investments May Expand Future Operations, But Competition And Market Challenges Could Hinder Progress

Strategic contracts and investments in specialized technologies are likely to boost revenue growth and improve profit margins significantly.
Analysis Article Apr 18

Mitchell Services Limited's (ASX:MSV) Price Is Right But Growth Is Lacking After Shares Rocket 32%

Mitchell Services Limited ( ASX:MSV ) shareholders have had their patience rewarded with a 32% share price jump in the...
Analysis Article Apr 28

Is Mitchell Services (ASX:MSV) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article Nov 09

Here's Why It's Unlikely That Mitchell Services Limited's (ASX:MSV) CEO Will See A Pay Rise This Year

Shareholders will probably not be too impressed with the underwhelming results at Mitchell Services Limited ( ASX:MSV...
Analysis Article Sep 13

Is Mitchell Services (ASX:MSV) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Mar 09

We Think Mitchell Services (ASX:MSV) Is Taking Some Risk With Its Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Oct 14

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...
Analysis Article Mar 06

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...
Analysis Article Mar 02

Mitchell Services (ASX:MSV) Is Making Moderate Use Of Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article Jan 29

Mitchell Services Limited's (ASX:MSV) Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason?

Mitchell Services' (ASX:MSV) stock is up by 3.8% over the past three months. Since the market usually pay for a...
Analysis Article Jan 11

Are Mitchell Services's (ASX:MSV) Statutory Earnings A Good Guide To Its Underlying Profitability?

As a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...
Analysis Article Dec 24

How Is Mitchell Services' (ASX:MSV) CEO Compensated?

Andrew Elf has been the CEO of Mitchell Services Limited ( ASX:MSV ) since 2014, and this article will examine the...
Analysis Article Dec 09

Have Insiders Been Buying Mitchell Services Limited (ASX:MSV) Shares?

It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
Analysis Article Nov 24

Here's Why Mitchell Services (ASX:MSV) Can Manage Its Debt Responsibly

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: MSV has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MSV's dividend payments have increased, but the company has only paid a dividend for 3 years.


Dividend Yield vs Market

Mitchell Services Dividend Yield vs Market
How does MSV dividend yield compare to the market?
SegmentDividend Yield
Company (MSV)17.2%
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)6.9%
Industry Average (Metals and Mining)3.2%
Analyst forecast (MSV) (up to 3 years)8.6%

Notable Dividend: MSV's dividend (17.2%) is higher than the bottom 25% of dividend payers in the Australian market (2.76%).

High Dividend: MSV's dividend (17.2%) is in the top 25% of dividend payers in the Australian market (6.9%)


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (95%), MSV's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (127.6%), MSV's dividend payments are not well covered by cash flows.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/23 23:09
End of Day Share Price 2026/05/22 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mitchell Services Limited is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tom SartorMorgans Financial Limited
Christopher CreechMorgans Financial Limited