Mitchell Services Future Growth

Future criteria checks 1/6

Mitchell Services is forecast to grow earnings and revenue by 6.8% and 1.9% per annum respectively. EPS is expected to grow by 6.9% per annum. Return on equity is forecast to be 14.9% in 3 years.

Key information

6.8%

Earnings growth rate

6.9%

EPS growth rate

Metals and Mining earnings growth	10.7%
Revenue growth rate	1.9%
Future return on equity	14.9%
Analyst coverage	Low
Last updated	27 Aug 2024

Recent future growth updates

Recent updates

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

Apr 18

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

Apr 28

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

Nov 09

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

Sep 13

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

Mar 09

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Mitchell Services Limited's (ASX:MSV) CEO For Now

Oct 14

The Executive Chairman of Mitchell Services Limited (ASX:MSV), Nathan Mitchell, Just Bought 1.3% More Shares

Mar 06

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

Mar 02

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

Jan 29

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

Jan 11

Earnings and Revenue Growth Forecasts

ASX:MSV - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	247	10	19	36	1
6/30/2026	240	9	17	34	1
6/30/2025	224	6	14	31	1
6/30/2024	237	9	29	43	N/A
3/31/2024	241	10	34	46	N/A
12/31/2023	245	12	39	49	N/A
9/30/2023	244	10	32	42	N/A
6/30/2023	243	8	24	36	N/A
3/31/2023	237	3	14	28	N/A
12/31/2022	231	-1	4	21	N/A
9/30/2022	222	0	3	21	N/A
6/30/2022	213	0	2	22	N/A
3/31/2022	204	-1	1	25	N/A
12/31/2021	194	-2	-1	27	N/A
9/30/2021	193	-4	1	29	N/A
6/30/2021	191	-6	4	30	N/A
3/31/2021	197	-3	10	31	N/A
12/31/2020	203	0	15	33	N/A
9/30/2020	189	3	14	32	N/A
6/30/2020	176	7	14	31	N/A
3/31/2020	153	9	8	24	N/A
12/31/2019	130	10	2	17	N/A
9/30/2019	125	14	6	18	N/A
6/30/2019	120	17	10	18	N/A
3/31/2019	111	14	11	17	N/A
12/31/2018	103	11	12	16	N/A
9/30/2018	88	4	2	8	N/A
6/30/2018	73	-2	-7	-1	N/A
3/31/2018	63	-4	N/A	-1	N/A
12/31/2017	53	-5	N/A	0	N/A
9/30/2017	46	-5	N/A	2	N/A
6/30/2017	40	-4	N/A	4	N/A
3/31/2017	38	-4	N/A	3	N/A
12/31/2016	35	-4	N/A	2	N/A
9/30/2016	34	-5	N/A	1	N/A
6/30/2016	33	-6	N/A	0	N/A
3/31/2016	33	-12	N/A	-1	N/A
12/31/2015	34	-18	N/A	-2	N/A
9/30/2015	30	-18	N/A	-4	N/A
6/30/2015	25	-17	N/A	-5	N/A
3/31/2015	23	-11	N/A	-4	N/A
12/31/2014	20	-5	N/A	-4	N/A
9/30/2014	18	-5	N/A	-3	N/A
6/30/2014	15	-5	N/A	-2	N/A
3/31/2014	14	-5	N/A	-2	N/A
12/31/2013	13	-5	N/A	-1	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MSV's forecast earnings growth (6.8% per year) is above the savings rate (2.6%).

Earnings vs Market: MSV's earnings (6.8% per year) are forecast to grow slower than the Australian market (12.5% per year).

High Growth Earnings: MSV's earnings are forecast to grow, but not significantly.

Revenue vs Market: MSV's revenue (1.9% per year) is forecast to grow slower than the Australian market (5.9% 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 (14.9%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 18:33
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Mitchell Services Limited is covered by 1 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.

Analyst	Institution
Tom Sartor	Morgans Financial Limited

Mitchell Services Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Mitchell Services Limited Provides Earnings Guidance for the Year 2025

Mitchell Services Limited Provides Earnings Guidance for the Fiscal Year 2023

Price target decreased by 9.5% to AU$0.55

Price target decreased to AU$0.60

Mitchell Services Limited Provides Revenue Guidance for the Fiscal Year 2023

Mitchell Services Limited Provides Revenue Guidance for the Fiscal Year 2022

Recent updates

Mitchell Services Limited Provides Earnings Guidance for the Year 2025

Mitchell Services Limited to Report Q1, 2025 Results on Oct 22, 2024

Alternate Director recently sold AU$73k worth of stock

Mitchell Services Limited, Annual General Meeting, Oct 23, 2024

Final dividend of AU$0.02 announced

Full year 2024 earnings: EPS and revenues miss analyst expectations

Mitchell Services Limited Declares Unfranked Final Dividend for Fiscal Year 2024, Payable on 16 September 2024

Mitchell Services Limited to Report Q4, 2024 Results on Jul 17, 2024

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

Mitchell Services Limited to Report Q3, 2024 Results on Apr 23, 2024

First half 2024 earnings released: EPS: AU$0.02 (vs AU$0.001 in 1H 2023)

New major risk - Revenue and earnings growth

Mitchell Services Limited to Report First Half, 2024 Results on Feb 22, 2024

Mitchell Services Limited to Report Q2, 2024 Results on Jan 29, 2024

Executive Chairman recently bought AU$97k worth of stock

Mitchell Services Limited, Annual General Meeting, Oct 25, 2023

New minor risk - Dividend sustainability

Mitchell Services Limited Declares Partially Franked Final Dividend for Fiscal Year 2023, Payable on 15 September 2023

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Mitchell Services Limited to Report Fiscal Year 2023 Results on Aug 24, 2023

Insufficient new directors

Mitchell Services Limited Provides Earnings Guidance for the Fiscal Year 2023

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Executive Chairman recently bought AU$57k worth of stock

Executive Chairman recently bought AU$50k worth of stock

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

Price target decreased by 9.5% to AU$0.55

First half 2023 earnings released: EPS: AU$0.001 (vs AU$0.005 in 1H 2022)

Mitchell Services Limited Announces Step Down of Scott Tumbridge as Executive Director

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

Mitchell Services Limited, Annual General Meeting, Nov 16, 2022

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

Full year 2022 earnings: EPS misses analyst expectations

Mitchell Services Limited to Report Fiscal Year 2022 Results on Aug 25, 2022

Price target decreased to AU$0.60

Mitchell Services Limited Provides Revenue Guidance for the Fiscal Year 2023

Mitchell Services Limited Provides Revenue Guidance for the Fiscal Year 2022

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

First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Mitchell Services Limited to Report First Half, 2022 Results on Feb 25, 2022

Mitchell Services Limited Provides Revenue Guidance for the Year 2022

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Mitchell Services Limited's (ASX:MSV) CEO For Now

Mitchell Services Limited has completed a Follow-on Equity Offering in the amount of AUD 10.4976 million.

Full year 2021 earnings released: AU$0.03 loss per share (vs AU$0.038 profit in FY 2020)

Executive Chairman recently bought AU$100k worth of stock

The Executive Chairman of Mitchell Services Limited (ASX:MSV), Nathan Mitchell, Just Bought 1.3% More Shares

Executive Chairman recently bought AU$194k worth of stock

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

First half 2021 earnings released: AU$0.016 loss per share (vs AU$0.024 profit in 1H 2020)

Mitchell Services Limited to Report First Half, 2021 Results on Feb 26, 2021

New 90-day high: AU$0.57

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

New 90-day high: AU$0.56

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

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

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

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

Price target lowered to AU$0.91

Alternate Director recently sold AU$52k worth of stock

New 90-day low: AU$0.49

Analysts lower EPS estimates to AU$0.05

Earnings released

Mitchell Services Limited to Report Fiscal Year 2020 Results on Aug 18, 2020

New 90-day high - AU$0.61

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity