Morneau Shepell Inc. operates as a human resources (HR) consulting and technology company in Canada, the United States, and internationally. More Details
Proven track record with mediocre balance sheet.
Share Price & News
How has Morneau Shepell's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MSI has not had significant price volatility in the past 3 months.
7 Day Return
CA Professional Services
1 Year Return
CA Professional Services
Return vs Industry: MSI underperformed the Canadian Professional Services industry which returned 24.3% over the past year.
Return vs Market: MSI underperformed the Canadian Market which returned -3.9% over the past year.
Price Volatility Vs. Market
How volatile is Morneau Shepell's share price compared to the market and industry in the last 5 years?
Simply Wall St News
18 hours ago | Simply Wall StDon't Race Out To Buy Morneau Shepell Inc. (TSE:MSI) Just Because It's Going Ex-Dividend
1 week ago | Simply Wall StMorneau Shepell (TSE:MSI) Is Growing Earnings But Are They A Good Guide?
3 weeks ago | Simply Wall StOur Take On Morneau Shepell's (TSE:MSI) CEO Salary
Is Morneau Shepell undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MSI (CA$28.36) is trading above our estimate of fair value (CA$20.44)
Significantly Below Fair Value: MSI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MSI is poor value based on its PE Ratio (37.7x) compared to the CA Professional Services industry average (25.3x).
PE vs Market: MSI is poor value based on its PE Ratio (37.7x) compared to the Canadian market (16.3x).
Price to Earnings Growth Ratio
PEG Ratio: MSI is poor value based on its PEG Ratio (6.7x)
Price to Book Ratio
PB vs Industry: MSI is good value based on its PB Ratio (2.8x) compared to the CA Professional Services industry average (3.8x).
How is Morneau Shepell forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MSI's forecast earnings growth (5.6% per year) is above the savings rate (1.7%).
Earnings vs Market: MSI's earnings (5.6% per year) are forecast to grow slower than the Canadian market (22.8% per year).
High Growth Earnings: MSI's earnings are forecast to grow, but not significantly.
Revenue vs Market: MSI's revenue (4.9% per year) is forecast to grow slower than the Canadian market (5.8% per year).
High Growth Revenue: MSI's revenue (4.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MSI's Return on Equity is forecast to be high in 3 years time
How has Morneau Shepell performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MSI has a large one-off gain of CA$16.1M impacting its June 30 2020 financial results.
Growing Profit Margin: MSI's current net profit margins (5.3%) are higher than last year (1.1%).
Past Earnings Growth Analysis
Earnings Trend: MSI's earnings have grown by 10.9% per year over the past 5 years.
Accelerating Growth: MSI's earnings growth over the past year (468.2%) exceeds its 5-year average (10.9% per year).
Earnings vs Industry: MSI earnings growth over the past year (468.2%) exceeded the Professional Services industry 4.1%.
Return on Equity
High ROE: MSI's Return on Equity (7.4%) is considered low.
How is Morneau Shepell's financial position?
Financial Position Analysis
Short Term Liabilities: MSI's short term assets (CA$270.3M) exceed its short term liabilities (CA$182.4M).
Long Term Liabilities: MSI's short term assets (CA$270.3M) do not cover its long term liabilities (CA$641.0M).
Debt to Equity History and Analysis
Debt Level: MSI's debt to equity ratio (64.8%) is considered high.
Reducing Debt: MSI's debt to equity ratio has reduced from 105.4% to 64.8% over the past 5 years.
Debt Coverage: MSI's debt is well covered by operating cash flow (26.3%).
Interest Coverage: MSI's interest payments on its debt are not well covered by EBIT (2.6x coverage).
What is Morneau Shepell current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: MSI's dividend (2.75%) is higher than the bottom 25% of dividend payers in the Canadian market (1.66%).
High Dividend: MSI's dividend (2.75%) is low compared to the top 25% of dividend payers in the Canadian market (5.83%).
Stability and Growth of Payments
Stable Dividend: MSI's dividends per share have been stable in the past 10 years.
Growing Dividend: MSI's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (103.8%), MSI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MSI's dividends in 3 years are forecast to be covered by earnings (78.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Stephen Liptrap (54 yo)
Mr. Stephen Liptrap has been Chief Executive Officer and President of Morneau Shepell Ltd since May 4, 2017 & was its GM until 2020. Mr. Liptrap's responsibilities include the development and execution of ...
CEO Compensation Analysis
Compensation vs Market: Stephen's total compensation ($USD1.99M) is about average for companies of similar size in the Canadian market ($USD2.06M).
Compensation vs Earnings: Stephen's compensation has been consistent with company performance over the past year.
|CFO & Executive VP||1yr||CA$1.69m||no data|
|Executive VP||14.08yrs||CA$1.01m||0.077% |
|Chief Data & Technology Officer and Executive VP||1.08yrs||CA$1.11m||0.00013% |
|Chief Corporate Officer & Executive VP||1yr||CA$857.75k||0.016% |
|General Counsel & Corporate Secretary||no data||no data||0.00069% |
|Senior Vice-President of Marketing & Communications||no data||no data||no data|
|Executive VP & Chief Human Resources Officer||1.92yrs||no data||0.00043% |
|Chief Research & Development Officer||5.25yrs||no data||no data|
|Managing Partner of Retirement Solutions -West Region||5yrs||no data||no data|
|Principal of Vancouver Retirement||5yrs||no data||no data|
|Executive VP & Chief Commercial Officer||no data||no data||0.0094% |
Experienced Management: MSI's management team is considered experienced (3.4 years average tenure).
|Independent Director||4.58yrs||CA$135.98k||0.020% |
|Director||no data||no data||no data|
|Independent Director||4.67yrs||CA$135.98k||0.0029% |
|Independent Director||2.17yrs||CA$130.00k||no data|
|Independent Director||5.58yrs||CA$200.09k||0.018% |
|Independent Director||3.58yrs||CA$136.00k||0.013% |
|Independent Chairman of the Board||5yrs||CA$244.02k||0.018% |
Experienced Board: MSI's board of directors are considered experienced (4.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MSI 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 6.1%.
Morneau Shepell Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Morneau Shepell Inc.
- Ticker: MSI
- Exchange: TSX
- Founded: 1962
- Industry: Human Resource and Employment Services
- Sector: Commercial Services
- Market Cap: CA$1.943b
- Shares outstanding: 68.51m
- Website: https://www.morneaushepell.com
Number of Employees
- Morneau Shepell Inc.
- One Morneau Shepell Centre
- Suite 700
- M3C 1W3
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MSI||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Sep 2005|
|MSIX.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Sep 2005|
|6M8||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Sep 2005|
Morneau Shepell Inc. operates as a human resources (HR) consulting and technology company in Canada, the United States, and internationally. The company provides health and productivity, administrative, an ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/26 01:06|
|End of Day Share Price||2020/10/23 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.