AIM:MORT

Stock Analysis Report

Executive Summary

Mortice Limited, together with its subsidiaries, provides security services in India and Sri Lanka.

Snowflake

Fundamentals

Solid track record and fair value.

Risks

  • Mortice has significant price volatility in the past 3 months.
  • Mortice's last earnings update was 240 days ago.
  • Mortice is not covered by any analysts.

Share Price & News

How has Mortice's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

12.0%

AIM:MORT

-0.5%

GB Commercial Services

0.4%

GB Market


1 Year Return

-34.9%

AIM:MORT

1.8%

GB Commercial Services

-6.2%

GB Market

MORT underperformed the Commercial Services industry which returned 1.8% over the past year.

MORT underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -6.2% over the past year.


Share holder returns

MORTIndustryMarket
7 Day12.0%-0.5%0.4%
30 Day40.0%1.3%-4.7%
90 Day27.3%2.8%-2.3%
1 Year-34.9%-34.9%4.9%1.8%-1.7%-6.2%
3 Year-83.4%-83.4%16.3%5.8%16.8%2.9%
5 Year-71.7%-71.7%14.1%-4.3%24.2%-2.3%

Price Volatility Vs. Market

How volatile is Mortice's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Mortice undervalued based on future cash flows and its price relative to the stock market?

16%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Mortice's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Mortice's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Mortice is good value based on earnings compared to the GB Commercial Services industry average.

Mortice is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Mortice, we can't assess if its growth is good value.


Price Based on Value of Assets

Mortice is good value based on assets compared to the GB Commercial Services industry average.


Next Steps

Future Growth

How is Mortice expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

1.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Mortice is high growth as no revenue estimate data is available.

Mortice's earnings are expected to grow by 1.4% yearly, however this is not considered high growth (20% yearly).

Unable to compare Mortice's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.

Mortice's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.

Mortice's earnings growth is expected to exceed the low risk savings rate of 1.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Mortice will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Mortice performed over the past 5 years?

21.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Mortice has delivered over 20% year on year earnings growth in the past 5 years.

Mortice's 1-year earnings growth exceeds its 5-year average (30.2% vs 21.8%)

Mortice's earnings growth has exceeded the GB Commercial Services industry average in the past year (30.2% vs 24.2%).


Return on Equity

Mortice has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Mortice used its assets more efficiently than the GB Commercial Services industry average last year based on Return on Assets.


Return on Capital Employed

Mortice has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Mortice's financial position?


Financial Position Analysis

Mortice's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Mortice's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Mortice's level of debt (117.3%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (49.3% vs 117.3% today).

Debt is not well covered by operating cash flow (19.3%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 2.6x debt.


Next Steps

Dividend

What is Mortice's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Mortice's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Mortice's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Mortice has not reported any payouts.

Unable to verify if Mortice's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Mortice has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Mortice's salary, the management and board of directors tenure and is there insider trading?


CEO

Rajan Oberoi 0

0.0yrs

Tenure

0

Brigadier Rajan Oberoi, PPMG VSM, has been the Group Chief Executive Officer of Mortice Limited since October 14, 2014. Brigadier Oberoi has been Chief Executive Officer of Tenon Property Services (Lanka)  ...


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Manjit Rajain (55yo)

    Executive Chairman

    • Tenure: 0.0yrs
    • Compensation: US$409.90k
  • Rajan Oberoi

    Group Chief Executive Officer

    • Tenure: 0.0yrs
  • Hemant Verma

    Head of Tenon Project Services

    • Tenure: 12.3yrs
  • Sangram Dhar

    Chief Operating Officer of Tenon Property Services

    • Tenure: 0.0yrs
  • Sandeep Gupta

    Group Chief Financial Officer

    • Tenure: 2.6yrs
  • Cheng Lisa

    Secretary

    • Tenure: 0.0yrs
  • Promila Adhana

    Group Head of Human Recources

    • Tenure: 0.0yrs

Board Members

  • Keith Hellawell (75yo)

    Non-Executive Director

    • Tenure: 0.0yrs
    • Compensation: US$24.63k
  • Manjit Rajain (55yo)

    Executive Chairman

    • Tenure: 0.0yrs
    • Compensation: US$409.90k
  • Pallavi Bakhru

    Non-Executive Director

    • Tenure: 3.3yrs

Company Information

Mortice Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mortice Limited
  • Ticker: MORT
  • Exchange: AIM
  • Founded: 2008
  • Industry: Security and Alarm Services
  • Sector: Commercial Services
  • Market Cap: UK£6.509m
  • Shares outstanding: 46.49m
  • Website: https://www.tenonworld.com/mortice

Location

  • Mortice Limited
  • South Beach Tower
  • No. 29-11, 38 Beach Road
  • Singapore
  • 189767
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MORTAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMay 2008
F38BST (Boerse-Stuttgart)YesOrdinary SharesDEEURMay 2008

Biography

Mortice Limited, together with its subsidiaries, provides security services in India and Sri Lanka. It operates through Guarding, Facility Management, and Others segments. The company offers guarding, safe ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 21:05
End of Day Share Price2019/08/23 00:00
Earnings2018/09/30
Annual Earnings2018/03/31


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.