MCMILLAN SHAKESPEARE LIMITED (MMS)
Share Price Analysis and Chart

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MMS - MCMILLAN SHAKESPEARE LIMITED

FNArena Sector : Vehicle Leasing & Salary Packaging
Year End: June
GICS Industry Group : Commercial & Professional Services
Debt/EBITDA: 4.69
Index: ASX300 | ALL-ORDS

McMillan Shakespeare is an Australian provider of salary packaging, novated leasing and asset management. Founded in 1988, the company listed on the ASX in 2004.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$19.62

22 Apr
2024

0.180

OPEN

$19.50

0.93%

HIGH

$19.67

147,352

LOW

$19.13

TARGET
$22.05 12.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
FPR . SGF . SIQ .
FNARENA'S MARKET CONSENSUS FORECASTS
MMS: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx N/A 150.7 xxx
DPS (cps) xxx N/A 139.9 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 12.7 xxx
Dividend Yield xxx N/A 7.3% xxx
Div Pay Ratio(%) xxx N/A 92.9% xxx

Dividend yield today if purchased 3 years ago: 10.93%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.47

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 07/03 - ex-div 76c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx44.8
DPS All xxxxxxxxxxxxxxx124.0
Sales/Revenue xxxxxxxxxxxxxxx363.9 M
Book Value Per Share xxxxxxxxxxxxxxx209.0
Net Operating Cash Flow xxxxxxxxxxxxxxx24.6 M
Net Profit Margin xxxxxxxxxxxxxxx17.71 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx29.50 %
Return on Invested Capital xxxxxxxxxxxxxxx13.54 %
Return on Assets xxxxxxxxxxxxxxx7.45 %
Return on Equity xxxxxxxxxxxxxxx29.50 %
Return on Total Capital xxxxxxxxxxxxxxx0.58 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-71.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx9 M
Long Term Debt xxxxxxxxxxxxxxx316 M
Total Debt xxxxxxxxxxxxxxx325 M
Goodwill - Gross xxxxxxxxxxxxxxx216 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx463 M
Price To Book Value xxxxxxxxxxxxxxx8.64

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx16.3 M
Capex % of Sales xxxxxxxxxxxxxxx4.48 %
Cost of Goods Sold xxxxxxxxxxxxxxx312 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx49 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.9

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

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1

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xx.xx%

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1

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Macquarie

21/02/2024

1

Outperform

$22.63

15.34%

McMillan Shakespeare's December-half result appears to have sharply outpaced Macquarie's forecasts, earnings jumping 42.9% on an expanded margin of 33.3%.

EV demand and strong growth in customers led to a 25.7% jump in novated volumes and a 14.9% increase in yields. Management guided to a similar performance in the June half.

The company closed the half with net cash of $79.3 and cash conversion sat at 113%. EPS forecasts rise 22% in FY24; 24% in FY25; and 23% in FY26.

Outperform rating retained. Target price rises 19% to $22.63 from 19.02.

FORECAST
Macquarie forecasts a full year FY24 dividend of 161.00 cents and EPS of 157.00 cents.
Macquarie forecasts a full year FY25 dividend of 161.00 cents and EPS of 161.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

MMS STOCK CHART

FNArena News on MMS

1
Rudi’s View: Lessons & Observations From ASX All-Weathers

Apr 10 2024 - Rudi's View
2
Australian Broker Call *Extra* Edition – Feb 28, 2024

Feb 28 2024 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 23-02-24

Feb 26 2024 - Weekly Reports
4
FNArena Corporate Results Monitor – 21-02-2024

Feb 21 2024 - Australia
5
Australian Broker Call *Extra* Edition – Feb 16, 2024

Feb 16 2024 - Daily Market Reports

Latest Vehicle Leasing & Salary Packaging News

1
Treasure Chest: Less Uncertainty For SG Fleet

Mar 13 2024 - Treasure Chest
2
Big Win For Smartgroup

Dec 12 2023 - Australia
3
ESG Focus: Here Come The EVs

May 24 2023 - ESG Focus
4
Unpacking The Salary Packaging Sector

Dec 14 2022 - Australia
5
Eclipx Group Cutting Costs, Looking For Catalysts

Nov 09 2022 - Australia
6
Eclipx Group Earnings Driving In The Fast Lane

May 11 2022 - Australia
7
Smartgroup Dashes Offer To Focus On Growth

Oct 26 2021 - Small Caps
8
Eclipx On Route To Stellar Earnings

Mar 11 2021 - Australia
9
EclipX Driving Growth More Efficiently

Nov 13 2020 - Small Caps
10
Smartgroup Succumbs To Insurance Changes

Dec 17 2019 - Australia