Mitchell Services (LB8) Stock Overview

Provides exploration, and mine site and geotechnical drilling services to the exploration, mining, and energy industries in Australia. More details

LB8 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	5/6
Financial Health	6/6
Dividends	2/6

Rewards

Trading at 73.6% below our estimate of its fair value

Earnings are forecast to grow 13.87% per year

Earnings grew by 94.2% over the past year

Risk Analysis

Dividend of 15.92% is not well covered by earnings or free cash flows

Does not have a meaningful market cap (€65M)

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Mitchell Services Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Mitchell Services
Historical stock prices
Current Share Price	AU$0.30
52 Week High	AU$0.35
52 Week Low	AU$0.26
Beta	0.50
1 Month Change	1.69%
3 Month Change	4.20%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	16.11%

Recent updates

Shareholder Returns

	LB8	DE Metals and Mining	DE Market
7D	4.3%	4.5%	2.0%
1Y	n/a	48.7%	1.2%

Return vs Industry: Insufficient data to determine how LB8 performed against the German Metals and Mining industry.

Return vs Market: Insufficient data to determine how LB8 performed against the German Market.

Price Volatility

Is LB8's price volatile compared to industry and market?
LB8 volatility
LB8 Average Weekly Movement	7.9%
Metals and Mining Industry Average Movement	9.9%
Market Average Movement	5.5%
10% most volatile stocks in DE Market	12.6%
10% least volatile stocks in DE Market	2.8%

Stable Share Price: LB8 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: Insufficient data to determine LB8's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1969	567	Andrew Elf	www.mitchellservices.com.au

Mitchell Services Limited, together with its subsidiaries, provides exploration, and mine site and geotechnical drilling services to the exploration, mining, and energy industries in Australia. The company provides drilling services, such as greenfield exploration, project feasibility, mine site exploration and resource definition, development, and production, as well as decarbonisation solutions. It also offers surface drilling services, including diamond coring, directional, mud rotary, mine services, mineral performance drilling (MPD), geotechnical, water bores, and reverse circulation services.

Mitchell Services Limited Fundamentals Summary

How do Mitchell Services's earnings and revenue compare to its market cap?
LB8 fundamental statistics
Market cap	€64.68m
Earnings (TTM)	€5.43m
Revenue (TTM)	€121.33m

11.9x

P/E Ratio

0.5x

P/S Ratio

Is LB8 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
LB8 income statement (TTM)
Revenue	AU$199.80m
Cost of Revenue	AU$121.65m
Gross Profit	AU$78.15m
Other Expenses	AU$69.21m
Earnings	AU$8.94m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	0.042
Gross Margin	39.11%
Net Profit Margin	4.47%
Debt/Equity Ratio	0%

How did LB8 perform over the long term?

See historical performance and comparison

Dividends

15.9%

Current Dividend Yield

95%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/07 10:12
End of Day Share Price	2026/07/07 00:00
Earnings	2025/12/31
Annual Earnings	2025/06/30

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.

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 Github.

Analyst Sources

Mitchell Services Limited is covered by 2 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
Christopher Creech	Morgans Financial Limited

Mitchell Services LimitedDB:LB8 Stock Report