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

$17.54

06 Dec
2023

0.540

OPEN

$16.92

3.18%

HIGH

$17.55

196,085

LOW

$16.90

TARGET
$21.385 21.9% 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 44.8 128.9 xxx
DPS (cps) xxx 124.0 115.8 xxx
EPS Growth xxx - 50.8% 100.0% xxx
DPS Growth xxx 14.8% - 6.6% xxx
PE Ratio xxx N/A 13.2 xxx
Dividend Yield xxx N/A 6.8% xxx
Div Pay Ratio(%) xxx 277.0% 89.9% xxx

Dividend yield today if purchased 3 years ago: 10.32%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.29

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: 09/03 - ex-div 58c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 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

0.8

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

24/08/2023

3

Hold

$20.50

16.88%

Underlying net profit in FY23 was ahead of Ord Minnett's expectations amid a strong performance in the GRS business. EV volumes continue to climb and contributed to over 21% of orders in June.

Warehouse costs have risen yet the broker observes benefits in the long-term have also increased because of a combination of higher average vehicle values and an increase in novated volumes.

Estimates are revised up 1-7% over the forecast period and a Hold rating is maintained. Target rises to $20.50 from $14.50.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 124.00 cents and EPS of 129.40 cents.
Ord Minnett forecasts a full year FY25 dividend of 126.00 cents and EPS of 133.60 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

MMS STOCK CHART

FNArena News on MMS

1
ESG Focus: Rounding Up A Psychosocial FY23 Season

Nov 20 2023 - ESG Focus
2
Weekly Ratings, Targets, Forecast Changes – 27-10-23

Oct 30 2023 - Weekly Reports
3
In Brief: Ozempic, Banks & the EV Megatrend

Oct 27 2023 - Weekly Reports
4
Rudi’s View: CSL, ResMed, Domino’s Pizza, Helloworld, Iress and Liontown

Oct 11 2023 - Rudi's View
5
Rudi’s Views: August 2023 – Winners & Losers

Sep 13 2023 - Rudi's View

Latest Vehicle Leasing & Salary Packaging News

1
ESG Focus: Here Come The EVs

May 24 2023 - ESG Focus
2
Unpacking The Salary Packaging Sector

Dec 14 2022 - Australia
3
Eclipx Group Cutting Costs, Looking For Catalysts

Nov 09 2022 - Australia
4
Eclipx Group Earnings Driving In The Fast Lane

May 11 2022 - Australia
5
Smartgroup Dashes Offer To Focus On Growth

Oct 26 2021 - Small Caps
6
Eclipx On Route To Stellar Earnings

Mar 11 2021 - Australia
7
EclipX Driving Growth More Efficiently

Nov 13 2020 - Small Caps
8
Smartgroup Succumbs To Insurance Changes

Dec 17 2019 - Australia
9
EclipX Progresses Along Road To Recovery

Nov 15 2019 - Small Caps
10
Waxing Interest In EclipX

Oct 08 2019 - Small Caps