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MILS

Mills Estruturas e Serviços de Engenharia BOVESPA:MILS3 Stock Report

Last Price

R$6.41

Market Cap

R$1.6b

7D

0.2%

1Y

-24.1%

Updated

24 Jun, 2022

Data

Company Financials
MILS3 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends3/6

MILS3 Stock Overview

Mills Estruturas e Serviços de Engenharia S.A.

Mills Estruturas e Serviços de Engenharia Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Mills Estruturas e Serviços de Engenharia
Historical stock prices
Current Share PriceR$6.41
52 Week HighR$9.20
52 Week LowR$4.92
Beta1.48
1 Month Change-18.14%
3 Month Change-13.61%
1 Year Change-24.14%
3 Year Change6.83%
5 Year Change75.62%
Change since IPO-44.93%

Recent News & Updates

May 18
These 4 Measures Indicate That Mills Estruturas e Serviços de Engenharia (BVMF:MILS3) Is Using Debt Safely

These 4 Measures Indicate That Mills Estruturas e Serviços de Engenharia (BVMF:MILS3) Is Using Debt Safely

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

MILS3BR Trade DistributorsBR Market
7D0.2%-0.8%-0.8%
1Y-24.1%5.0%-29.7%

Return vs Industry: MILS3 underperformed the BR Trade Distributors industry which returned 8.5% over the past year.

Return vs Market: MILS3 exceeded the BR Market which returned -31.2% over the past year.

Price Volatility

Is MILS3's price volatile compared to industry and market?
MILS3 volatility
MILS3 Average Weekly Movement5.7%
Trade Distributors Industry Average Movement7.6%
Market Average Movement5.9%
10% most volatile stocks in BR Market9.2%
10% least volatile stocks in BR Market2.8%

Stable Share Price: MILS3 is not significantly more volatile than the rest of BR stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MILS3's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19521,587Sergio Kariyahttps://www.mills.com.br

Mills Estruturas e Serviços de Engenharia S.A. operates in the infrastructure, construction, and manufacturing industries in Brazil. It rents, sells, imports, and exports steel and aluminum tubular structures, and shoring and access equipment for construction works, as well as reusable concrete formworks; develops related engineering projects; and provides supervisory and optional assembly services. The company also sells, rents, and distributes aerial work platforms and telescopic handlers, and parts and components, as well as provides technical assistance and maintenance services.

Mills Estruturas e Serviços de Engenharia Fundamentals Summary

How do Mills Estruturas e Serviços de Engenharia's earnings and revenue compare to its market cap?
MILS3 fundamental statistics
Market CapR$1.56b
Earnings (TTM)R$135.97m
Revenue (TTM)R$818.88m

11.5x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MILS3 income statement (TTM)
RevenueR$818.88m
Cost of RevenueR$356.12m
Gross ProfitR$462.77m
Other ExpensesR$326.80m
EarningsR$135.97m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 10, 2022

Earnings per share (EPS)0.56
Gross Margin56.51%
Net Profit Margin16.60%
Debt/Equity Ratio38.0%

How did MILS3 perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

47%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is MILS3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MILS3?

Other financial metrics that can be useful for relative valuation.

MILS3 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA4.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does MILS3's PE Ratio compare to its peers?

MILS3 PE Ratio vs Peers
The above table shows the PE ratio for MILS3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average24.4x

Price-To-Earnings vs Peers: MILS3 is good value based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (24.4x).


Price to Earnings Ratio vs Industry

How does MILS3's PE Ratio compare vs other companies in the Global Trade Distributors Industry?

Price-To-Earnings vs Industry: MILS3 is good value based on its Price-To-Earnings Ratio (11.5x) compared to the South American Trade Distributors industry average (11.7x)


Price to Earnings Ratio vs Fair Ratio

What is MILS3's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MILS3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MILS3's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of MILS3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MILS3 (R$6.41) is trading above our estimate of fair value (R$4.85)

Significantly Below Fair Value: MILS3 is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MILS3's PEG Ratio to determine if it is good value.


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Future Growth

How is Mills Estruturas e Serviços de Engenharia forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.3%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mills Estruturas e Serviços de Engenharia has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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Past Performance

How has Mills Estruturas e Serviços de Engenharia performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


64.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MILS3 has high quality earnings.

Growing Profit Margin: MILS3's current net profit margins (16.6%) are higher than last year (0.7%).


Past Earnings Growth Analysis

Earnings Trend: MILS3 has become profitable over the past 5 years, growing earnings by 64% per year.

Accelerating Growth: MILS3's earnings growth over the past year (3637.5%) exceeds its 5-year average (64% per year).

Earnings vs Industry: MILS3 earnings growth over the past year (3637.5%) exceeded the Trade Distributors industry 96.2%.


Return on Equity

High ROE: MILS3's Return on Equity (12%) is considered low.


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Financial Health

How is Mills Estruturas e Serviços de Engenharia's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MILS3's short term assets (R$834.8M) exceed its short term liabilities (R$189.9M).

Long Term Liabilities: MILS3's short term assets (R$834.8M) exceed its long term liabilities (R$459.6M).


Debt to Equity History and Analysis

Debt Level: MILS3 has more cash than its total debt.

Reducing Debt: MILS3's debt to equity ratio has reduced from 47.5% to 38% over the past 5 years.

Debt Coverage: MILS3's debt is well covered by operating cash flow (34.3%).

Interest Coverage: MILS3 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Mills Estruturas e Serviços de Engenharia current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.29%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MILS3's dividend (3.29%) is higher than the bottom 25% of dividend payers in the BR market (1.74%).

High Dividend: MILS3's dividend (3.29%) is low compared to the top 25% of dividend payers in the BR market (7.74%).


Stability and Growth of Payments

Stable Dividend: MILS3's dividend payments have been volatile in the past 10 years.

Growing Dividend: MILS3's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (46.6%), MILS3's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (49.1%), MILS3's dividend payments are well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average management tenure


CEO

Sergio Kariya (47 yo)

6.17yrs

Tenure

Mr. Sergio Kariya has been President of Mills Estruturas e Serviços de Engenharia S.A. since April 26, 2016 and serves as its CEO. Mr. Kariya serves as Chairman of the Management Board at Mills Estruturas...


Leadership Team

Experienced Management: MILS3's management team is considered experienced (4.1 years average tenure).


Board Members

Experienced Board: MILS3's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Mills Estruturas e Serviços de Engenharia S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Mills Estruturas e Serviços de Engenharia S.A.
  • Ticker: MILS3
  • Exchange: BOVESPA
  • Founded: 1952
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Implied Market Cap: R$1.557b
  • Shares outstanding: 242.92m
  • Website: https://www.mills.com.br

Number of Employees


Location

  • Mills Estruturas e Serviços de Engenharia S.A.
  • Estrada do Guerenguê, 1381
  • Taquara
  • Rio De Janeiro
  • Rio de Janeiro
  • 22713-002
  • Brazil

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.