Financials Mitchell Services Limited

Equities

Market Closed - Australian S.E. Other stock markets 00:28:48 2024-05-02 EDT			5-day change	1st Jan Change
0.415 ^AUD	-2.35%		+2.47%	+5.06%

04-23	Transcript : Mitchell Services Limited, Q3 2024 Earnings Call, Apr 23, 2024
04-23	Mitchell Services Revenue Rises 3% to AU$59.2 Million, EBITDA Increases 13% to AU$10.5 Million	MT

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	102.4	106.6	79.7	70.86	84.18	88.58	-	-
Enterprise Value (EV) ¹	111.4	145.8	115.1	110	101.8	89.5	82.16	77.61
P/E ratio	5.96 x	14.1 x	-13.3 x	-	11.3 x	9.22 x	9.65 x	10.9 x
Yield	1.69%	2.06%	-	-	5.4%	12%	12%	9.64%
Capitalization / Revenue	0.85 x	0.61 x	0.42 x	0.33 x	0.35 x	0.36 x	0.36 x	0.36 x
EV / Revenue	0.93 x	0.83 x	0.6 x	0.52 x	0.42 x	0.37 x	0.33 x	0.32 x
EV / EBITDA	4.62 x	4.17 x	3.22 x	3.42 x	2.47 x	2.16 x	2.05 x	2.05 x
EV / FCF	11.3 x	10.8 x	29.4 x	44.5 x	4.22 x	3.68 x	5.13 x	5.11 x
FCF Yield	8.89%	9.28%	3.4%	2.25%	23.7%	27.2%	19.5%	19.6%
Price to Book	2.72 x	1.62 x	-	1.15 x	-	1.24 x	1.15 x	1.19 x
Nbr of stocks (in thousands)	173,497	199,239	199,239	224,949	218,640	213,441	-	-
Reference price ²	0.5900	0.5350	0.4000	0.3150	0.3850	0.4150	0.4150	0.4150
Announcement Date	19-08-25	20-08-17	21-08-22	22-07-27	23-08-23	-	-	-

¹AUD in Million²AUD

Estimates

Fiscal Period: Giugno	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	120.2	175.6	191.4	213.4	243.1	245	249.4	244.9
EBITDA ¹	24.11	34.95	35.7	32.2	41.17	41.47	40.16	37.92
EBIT ¹	13.89	12.61	-4.4	1.352	12.64	15.58	14.55	12.31
Operating Margin	11.56%	7.18%	-2.3%	0.63%	5.2%	6.36%	5.84%	5.03%
Earnings before Tax (EBT) ¹	12.83	10.46	-7.134	-0.562	10.28	13.9	13.1	11.5
Net income ¹	17.37	7.203	-5.899	0.016	7.609	9.76	9.14	8.05
Net margin	14.45%	4.1%	-3.08%	0.01%	3.13%	3.98%	3.67%	3.29%
EPS ²	0.0990	0.0380	-0.0300	-	0.0340	0.0450	0.0430	0.0380
Free Cash Flow ¹	9.898	13.53	3.915	2.475	24.11	24.3	16	15.2
FCF margin	8.23%	7.71%	2.05%	1.16%	9.92%	9.92%	6.42%	6.21%
FCF Conversion (EBITDA)	41.05%	38.72%	10.97%	7.69%	58.57%	58.6%	39.84%	40.08%
FCF Conversion (Net income)	56.99%	187.87%	-	15,471.06%	316.89%	248.98%	175.05%	188.82%
Dividend per Share ²	0.0100	0.0110	-	-	0.0208	0.0500	0.0500	0.0400
Announcement Date	19-08-25	20-08-17	21-08-22	22-07-27	23-08-23	-	-	-

¹AUD in Million²AUD

Estimates

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	9.01	39.2	35.4	39.2	17.6	0.92	-	-
Net Cash position ¹	-	-	-	-	-	-	6.42	11
Leverage (Debt/EBITDA)	0.3737 x	1.123 x	0.9904 x	1.217 x	0.4285 x	0.0223 x	-	-
Free Cash Flow ¹	9.9	13.5	3.91	2.48	24.1	24.3	16	15.2
ROE (net income / shareholders' equity)	59.2%	15.2%	-	0.03%	11.8%	13.9%	12.2%	10.6%
ROA (Net income/ Total Assets)	-	-	-	0.01%	-	8.08%	7.53%	6.44%
Assets ¹	-	-	-	139.1	-	120.8	121.4	124.9
Book Value Per Share ²	0.2200	0.3300	-	0.2700	-	0.3300	0.3600	0.3500
Cash Flow per Share ²	0.1000	0.1600	-	0.1000	0.1600	0.1900	0.1600	0.1600
Capex ¹	8.33	17.6	26.1	19.7	11.5	17.2	19	19
Capex / Sales	6.93%	10.04%	13.66%	9.25%	4.74%	7.03%	7.62%	7.77%
Announcement Date	19-08-25	20-08-17	21-08-22	22-07-27	23-08-23	-	-	-

¹AUD in Million²AUD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.415 AUD

Average target price

0.5614 AUD

Spread / Average Target

+35.27%

	1st Jan change	Capi.
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PERENTI LIMITED	-9.62%	585M
MAJOR DRILLING GROUP INTERNATIONAL INC.	+4.02%	566M
PT SAMINDO RESOURCES TBK	+20.93%	283M
TIANJIN MEITENG TECHNOLOGY CO., LTD	-13.08%	267M
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