Mitchell Services Limited, together with its subsidiaries, provides exploration and mine site drilling services to the exploration, mining, and energy industries, primarily in Australia.
Flawless balance sheet and undervalued.
Share Price & News
How has Mitchell Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MSV has not had significant price volatility in the past 3 months.
7 Day Return
AU Metals and Mining
1 Year Return
AU Metals and Mining
Return vs Industry: MSV exceeded the Australian Metals and Mining industry which returned 5.8% over the past year.
Return vs Market: MSV matched the Australian Market which returned 14.6% over the past year.
Price Volatility Vs. Market
How volatile is Mitchell Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StWhat Kind Of Shareholders Own Mitchell Services Limited (ASX:MSV)?
3 weeks ago | Simply Wall StWe Wouldn't Rely On Mitchell Services's (ASX:MSV) Statutory Earnings As A Guide
1 month ago | Simply Wall StIntroducing Mitchell Services (ASX:MSV), The Stock That Zoomed 140% In The Last Five Years
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$0.62) is trading below our estimate of fair value (A$3.04)
Significantly Below Fair Value: MSV is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MSV is good value based on its PE Ratio (6.2x) compared to the Metals and Mining industry average (13x).
PE vs Market: MSV is good value based on its PE Ratio (6.2x) compared to the Australian market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: MSV is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: MSV is overvalued based on its PB Ratio (2.9x) compared to the AU Metals and Mining industry average (1.4x).
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's forecast earnings growth (6.3% per year) is above the savings rate (1.1%).
Earnings vs Market: MSV's earnings (6.3% per year) are forecast to grow slower than the Australian market (9.3% per year).
High Growth Earnings: MSV's earnings are forecast to grow, but not significantly.
Revenue vs Market: MSV's revenue (17% per year) is forecast to grow faster than the Australian market (4.2% per year).
High Growth Revenue: MSV's revenue (17% 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 high in 3 years time (24.9%)
How has Mitchell Services performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MSV has a high level of non-cash earnings.
Growing Profit Margin: MSV became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MSV has become profitable over the past 5 years, growing earnings by 53.6% per year.
Accelerating Growth: MSV has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MSV has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (14.8%).
Return on Equity
High ROE: MSV's Return on Equity (46.2%) is considered outstanding.
Return on Assets
Return on Capital Employed
How is Mitchell Services's financial position?
Financial Position Analysis
Short Term Liabilities: MSV's short term assets (A$29.7M) exceed its short term liabilities (A$26.5M).
Long Term Liabilities: MSV's short term assets (A$29.7M) exceed its long term liabilities (A$6.1M).
Debt to Equity History and Analysis
Debt Level: MSV's debt to equity ratio (2.2%) is considered satisfactory.
Reducing Debt: MSV's debt to equity ratio has reduced from 36.3% to 2.2% over the past 5 years.
Inventory Level: MSV has a high level of physical assets or inventory.
Debt Coverage by Assets: MSV's debt is covered by short term assets (assets are 36.4x debt).
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: MSV is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: MSV is profitable, therefore cash runway is not a concern.
What is Mitchell Services's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate MSV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MSV's dividend yield against the top 25% of dividend payers, as the company has not reported any 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
Andrew Elf 0
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 ($USD445.40K) is above average for companies of similar size in the Australian market ($USD251.50K).
Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.
|Executive Chairman||5.9yrs||AU$87.60k||17.93% A$23.2m|
|Chief Executive Officer||5.9yrs||AU$671.26k||no data|
|Company Secretary & CFO||5.2yrs||AU$383.21k||no data|
|General Counsel||0.8yrs||no data||no data|
|General Manager of People & Risk||0.8yrs||no data||no data|
Experienced Management: MSV's management team is considered experienced (3 years average tenure).
|Executive Chairman||5.9yrs||AU$87.60k||17.93% A$23.2m|
|Non-Executive Director||4.3yrs||AU$56.94k||0.059% A$76.0k|
|Founder & Non-Executive Director||9yrs||AU$39.42k||1.2% A$1.6m|
|Non-Executive Director||6.3yrs||AU$39.42k||0.11% A$143.7k|
|Alternate Director||5.8yrs||no data||0.15% A$199.2k|
|Director||0.3yrs||no data||no data|
Experienced Board: MSV's board of directors are considered experienced (5.8 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 5.8%.
Mitchell Services Limited's company bio, 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$129.505m
- Shares outstanding: 199.24m
- Website: https://www.mitchellservices.com.au
Number of Employees
- Mitchell Services Limited
- 112 Bluestone Circuit
- Seventeen Mile Rocks
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MSV||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Aug 2011|
Mitchell Services Limited, together with its subsidiaries, provides exploration and mine site drilling services to the exploration, mining, and energy industries, primarily in Australia. It offers coal exploration, mineral exploration, mine services, large diameter, coal seam gas, directional drilling services, coal mine gas drainage, and wireline services. The company was formerly known as Drill Torque Limited and changed its name to Mitchell Services Limited in December 2013. Mitchell Services Limited was founded in 1969 and is headquartered in Seventeen Mile Rocks, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 10:40|
|End of Day Share Price||2020/02/24 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.