Mitchell Services Limited, together with its subsidiaries, provides exploration and mine site drilling services to the exploration, mining, and energy industries, primarily in Australia.
Undervalued with high growth potential.
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's share price has been volatile over the past 3 months.
7 Day Return
AU Metals and Mining
1 Year Return
AU Metals and Mining
Return vs Industry: MSV underperformed the Australian Metals and Mining industry which returned 5% over the past year.
Return vs Market: MSV underperformed the Australian Market which returned -7% 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
1 day ago | Simply Wall StWhat Is Mitchell Services's (ASX:MSV) P/E Ratio After Its Share Price Rocketed?
5 days ago | Simply Wall StCould The Market Be Wrong About Mitchell Services Limited (ASX:MSV) Given Its Attractive Financial Prospects?
2 weeks ago | Simply Wall StHow Should Investors React To Mitchell Services Limited's (ASX:MSV) CEO Pay?
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$0.55) is trading below our estimate of fair value (A$1.26)
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 (9.8x) compared to the Metals and Mining industry average (10.1x).
PE vs Market: MSV is good value based on its PE Ratio (9.8x) compared to the Australian market (16x).
Price to Earnings Growth Ratio
PEG Ratio: MSV is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: MSV is overvalued based on its PB Ratio (1.7x) compared to the AU Metals and Mining industry average (1.6x).
How is Mitchell Services forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MSV's forecast earnings growth (24.9% per year) is above the savings rate (2.3%).
Earnings vs Market: MSV's earnings (24.9% per year) are forecast to grow faster than the Australian market (15% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MSV's revenue (13.7% per year) is forecast to grow faster than the Australian market (4.2% per year).
High Growth Revenue: MSV's revenue (13.7% 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 (22.1%)
How has Mitchell Services performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MSV has high quality earnings.
Growing Profit Margin: MSV's current net profit margins (7.6%) are lower than last year (10.3%).
Past Earnings Growth Analysis
Earnings Trend: MSV has become profitable over the past 5 years, growing earnings by 65.7% per year.
Accelerating Growth: MSV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MSV had negative earnings growth (-6.2%) over the past year, making it difficult to compare to the Metals and Mining industry average (-7.9%).
Return on Equity
High ROE: MSV's Return on Equity (17.5%) is considered low.
How is Mitchell Services's financial position?
Financial Position Analysis
Short Term Liabilities: MSV's short term assets (A$54.1M) exceed its short term liabilities (A$40.9M).
Long Term Liabilities: MSV's short term assets (A$54.1M) exceed its long term liabilities (A$43.2M).
Debt to Equity History and Analysis
Debt Level: MSV's debt to equity ratio (28.4%) is considered satisfactory.
Reducing Debt: MSV's debt to equity ratio has increased from 7% to 28.4% over the past 5 years.
Debt Coverage: MSV's debt is well covered by operating cash flow (104.9%).
Interest Coverage: MSV's interest payments on its debt are well covered by EBIT (10.6x coverage).
What is Mitchell Services's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MSV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MSV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MSV's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MSV's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MSV is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MSV's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Andrew Michael Elf, B.Com, CPA, MBA, GAICD, FCPA, has been the Chief Executive Officer of Mitchell Services Limited since March 20, 2014. Mr. Elf serves as General Manager of Drilling Services and Gene ...
CEO Compensation Analysis
Compensation vs Market: Andrew's total compensation ($USD468.95K) is above average for companies of similar size in the Australian market ($USD261.07K).
Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.
|Executive Chairman||6.25yrs||AU$87.60k||18.11% A$19.8m|
|Chief Executive Officer||6.25yrs||AU$671.26k||no data|
|Company Secretary & CFO||5.5yrs||AU$383.21k||no data|
|General Counsel||1.17yrs||no data||no data|
|General Manager of People & Risk||1.17yrs||no data||no data|
Experienced Management: MSV's management team is considered experienced (3.3 years average tenure).
|Executive Chairman||6.25yrs||AU$87.60k||18.11% A$19.8m|
|Independent Non-Executive Director||4.67yrs||AU$56.94k||0.059% A$64.3k|
|Founder & Non-Executive Director||9.33yrs||AU$39.42k||1.2% A$1.3m|
|Independent Non-Executive Director||6.58yrs||AU$39.42k||0.11% A$121.6k|
|Alternate Director||6.08yrs||no data||0.15% A$168.6k|
|Director||0.58yr||no data||no data|
Experienced Board: MSV's board of directors are considered experienced (6.2 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 14.8%.
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$109.581m
- 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|
|MSV||CHIA (Chi-X Australia)||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||2020/06/06 10:45|
|End of Day Share Price||2020/06/05 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.