MITCHELL SERVICES LIMITED (MSV)
Share Price Analysis and Chart

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MSV - MITCHELL SERVICES LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 0.89
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.355

27 Sep
2023

0.005

OPEN

$0.35

1.43%

HIGH

$0.36

48,439

LOW

$0.34

TARGET
$0.56 57.7% upside
Franking for last dividend paid out: 51%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . BLY . C79 . CDA . CDD . DCG . DDH . DOW . EHL . GNG . IMD . IPG . IPL . LBL . LYL . MAD . MAH . MIN . MLG . MND . MYE . NWH . ORI . PRN . RAN . RCR . RDG . RUL . SRG . SVW . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
MSV: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 3.4 4.5 xxx
DPS (cps) xxx 2.1 3.0 xxx
EPS Growth xxx 100.0% 31.2% xxx
DPS Growth xxx N/A 44.2% xxx
PE Ratio xxx N/A 7.4 xxx
Dividend Yield xxx N/A 9.0% xxx
Div Pay Ratio(%) xxx 60.6% 66.7% xxx

Dividend yield today if purchased 3 years ago: 4.16%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

6.21

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: 29/08 - ex-div 2.08c (franking 51%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx3.4
DPS All xxxxxxxxxxxxxxx2.1
Sales/Revenue xxxxxxxxxxxxxxx243.1 M
Book Value Per Share xxxxxxxxxxxxxxx30.7
Net Operating Cash Flow xxxxxxxxxxxxxxx35.6 M
Net Profit Margin xxxxxxxxxxxxxxx3.13 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx11.81 %
Return on Invested Capital xxxxxxxxxxxxxxx8.80 %
Return on Assets xxxxxxxxxxxxxxx5.48 %
Return on Equity xxxxxxxxxxxxxxx11.81 %
Return on Total Capital xxxxxxxxxxxxxxx7.46 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx24.1 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 xxxxxxxxxxxxxxx17 M
Long Term Debt xxxxxxxxxxxxxxx15 M
Total Debt xxxxxxxxxxxxxxx32 M
Goodwill - Gross xxxxxxxxxxxxxxx6 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx11 M
Price To Book Value xxxxxxxxxxxxxxx1.25

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx11.5 M
Capex % of Sales xxxxxxxxxxxxxxx4.74 %
Cost of Goods Sold xxxxxxxxxxxxxxx199 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx36 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

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

22/08/2023

1

Speculative Buy

$0.56

57.75%

As part of FY23 results, Mitchell Services delivered a final dividend of around 2cps, positively surprising Morgans, which had expected 1cps.  It's thought dividends are sustainable and 5cps payments via half-yearly dividends are expected in the coming 13 months.

In late FY23, the analyst assesses a "breakout" operational and financial performance free of hindrance from covid, unplanned re-mobilisations, wet weather or contract variations.

The Speculative Buy rating is retained given the stock looks cheap on several measures, according to the broker. The 56c target is unchanged.

FORECAST
Morgans forecasts a full year FY24 dividend of 3.00 cents and EPS of 4.50 cents.
Morgans forecasts a full year FY25 dividend of 2.50 cents and EPS of 3.80 cents.

MSV STOCK CHART