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
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.42

15 Apr
2021

0.000

OPEN

$0.42

0.000

HIGH

$0.42

0

LOW

$0.42

TARGET
$0.725 72.6% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
MSV: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 3.8 3.0 xxx
DPS (cps) xxx 1.1 0.0 xxx
EPS Growth xxx - 61.8% - 21.5% xxx
DPS Growth xxx 10.0% N/A xxx
PE Ratio xxx N/A 14.7 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx 28.8% 0.0% xxx

Dividend yield today if purchased 3 years ago: 25.58%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.50

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: 27/06 - 0.1c (100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201520162017201820192020
EPS Basic xxxxxxxxxxxxxxx3.8
DPS All xxxxxxxxxxxxxxx1.1
Sales/Revenue xxxxxxxxxxxxxxx175 M

EPS Basic

DPS All

Sales/Revenue

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

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

Morgans

03/03/2021

1

Add

$0.725

72.62%

Mitchell Services' underlying 1H financials and underlying FY21 earnings (EBITDA) guidance were very close to Morgans expectations. However, it's considered it will likely take time to repair investor confidence from the -$7.3m SMS Mining Services impairment.

While management has confidence in a positive outcome in the dispute, the broker doesn’t forecast a full recovery of outstanding receivables via court proceedings commencing March 10.

The Speculative Buy rating is maintained. The target price is decreased to $0.725 from $0.906. While noting the impairment does delay de-gearing, Morgans forecasts an acceleration towards a net cash position by 2H 2022, with likely capital management. 

FORECAST
Morgans forecasts a full year FY21 dividend of 0.00 cents and EPS of 3.00 cents.
Morgans forecasts a full year FY22 dividend of 0.00 cents and EPS of 8.00 cents.

MSV STOCK CHART