Financials Mitchell Services Limited

Equities

Market Closed - Australian S.E. Other stock markets 01:47:08 2024-04-26 am EDT			5-day change	1st Jan Change
0.42 ^AUD	+1.20%		+1.20%	+6.33%

Apr. 23	Transcript : Mitchell Services Limited, Q3 2024 Earnings Call, Apr 23, 2024
Apr. 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	89.65	-	-
Enterprise Value (EV) ¹	111.4	145.8	115.1	110	101.8	93.07	82.58	75.25
P/E ratio	5.96 x	14.1 x	-13.3 x	-	11.3 x	8.75 x	9.33 x	10.8 x
Yield	1.69%	2.06%	-	-	5.4%	9.52%	9.52%	8.33%
Capitalization / Revenue	0.85 x	0.61 x	0.42 x	0.33 x	0.35 x	0.36 x	0.35 x	0.36 x
EV / Revenue	0.93 x	0.83 x	0.6 x	0.52 x	0.42 x	0.37 x	0.32 x	0.3 x
EV / EBITDA	4.62 x	4.17 x	3.22 x	3.42 x	2.47 x	2.18 x	1.99 x	1.93 x
EV / FCF	11.3 x	10.8 x	29.4 x	44.5 x	4.22 x	4.27 x	4.83 x	4.73 x
FCF Yield	8.89%	9.28%	3.4%	2.25%	23.7%	23.4%	20.7%	21.1%
Price to Book	2.72 x	1.62 x	-	1.15 x	-	1.29 x	1.15 x	1.15 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	0.4200	0.4200	0.4200
Announcement Date	8/25/19	8/17/20	8/22/21	7/27/22	8/23/23	-	-	-

¹AUD in Million²AUD

Estimates

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	120.2	175.6	191.4	213.4	243.1	250.7	255.7	249.5
EBITDA ¹	24.11	34.95	35.7	32.2	41.17	42.76	41.6	38.95
EBIT ¹	13.89	12.61	-4.4	1.352	12.64	16.18	15.33	12.85
Operating Margin	11.56%	7.18%	-2.3%	0.63%	5.2%	6.45%	6%	5.15%
Earnings before Tax (EBT) ¹	12.83	10.46	-7.134	-0.562	10.28	14.5	13.8	12
Net income ¹	17.37	7.203	-5.899	0.016	7.609	10.18	9.69	8.43
Net margin	14.45%	4.1%	-3.08%	0.01%	3.13%	4.06%	3.79%	3.38%
EPS ²	0.0990	0.0380	-0.0300	-	0.0340	0.0480	0.0450	0.0390
Free Cash Flow ¹	9.898	13.53	3.915	2.475	24.11	21.8	17.1	15.9
FCF margin	8.23%	7.71%	2.05%	1.16%	9.92%	8.7%	6.69%	6.37%
FCF Conversion (EBITDA)	41.05%	38.72%	10.97%	7.69%	58.57%	50.98%	41.11%	40.83%
FCF Conversion (Net income)	56.99%	187.87%	-	15,471.06%	316.89%	214.15%	176.47%	188.61%
Dividend per Share ²	0.0100	0.0110	-	-	0.0208	0.0400	0.0400	0.0350
Announcement Date	8/25/19	8/17/20	8/22/21	7/27/22	8/23/23	-	-	-

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	3.43	-	-
Net Cash position ¹	-	-	-	-	-	-	7.07	14.4
Leverage (Debt/EBITDA)	0.3737 x	1.123 x	0.9904 x	1.217 x	0.4285 x	0.0802 x	-	-
Free Cash Flow ¹	9.9	13.5	3.91	2.48	24.1	21.8	17.1	15.9
ROE (net income / shareholders' equity)	59.2%	15.2%	-	0.03%	11.8%	14.7%	13%	10.8%
ROA (Net income/ Total Assets)	-	-	-	0.01%	-	8.42%	7.92%	6.59%
Assets ¹	-	-	-	139.1	-	120.9	122.4	127.9
Book Value Per Share ²	0.2200	0.3300	-	0.2700	-	0.3300	0.3700	0.3700
Cash Flow per Share ²	0.1000	0.1600	-	0.1000	0.1600	0.1800	0.1700	0.1700
Capex ¹	8.33	17.6	26.1	19.7	11.5	17.5	19.5	19.4
Capex / Sales	6.93%	10.04%	13.66%	9.25%	4.74%	6.99%	7.64%	7.79%
Announcement Date	8/25/19	8/17/20	8/22/21	7/27/22	8/23/23	-	-	-

¹AUD in Million²AUD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.42 AUD

Average target price

0.5613 AUD

Spread / Average Target

+33.64%

	1st Jan change	Capi.
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PERENTI LIMITED	-8.65%	588M
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TIANJIN MEITENG TECHNOLOGY CO., LTD	-15.87%	258M
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