Mirrabooka Investments Ltd (MIR) AI Stock Analysis

• Market Cap: AU$613.37M
• Dividend Yield: 3.56%
• Average Volume (3M): 109.60K
• Price to Earnings (P/E): 49.4
• Beta (1Y): 0.41
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.04
• Shares Outstanding: 223,858,760
• 10 Day Avg. Volume: 94,127
• 30 Day Avg. Volume: 109,599
• PEG Ratio: -2.98
• Price to Book (P/B): 0.97
• Price to Sales (P/S): 51.25
• P/FCF Ratio: -446.86
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: AU$3.50 ▲(12.18% Upside)
• Action: N/A Date: 01/04/26
• Date: Action: N/A 01/04/26

The score is driven primarily by strong profitability and a very conservative, debt-free balance sheet, but is held back by recent revenue contraction and volatile cash generation. Technical signals are mixed-to-weak, and valuation looks expensive due to the very high P/E despite a moderate dividend yield.

Mirrabooka Investments Ltd Business Overview & Revenue Model

Company Description

Mirrabooka Investments Limited is a publicly owned investment manager. It invests in the public equity markets of Australia and New Zealand. The firm primarily invests in value stocks of small-cap and mid-cap companies, targeting companies which fall outside the top 50 listed companies, by market capitalization, on the Australian Stock Exchange. It employs fundamental analysis with a bottom-up stock picking approach to create its portfolios. The firm obtains external research to complement its in-house research. It typically invests in companies from industrials, healthcare, bank and materials sectors. Mirrabooka Investments Limited was founded in April 1999 and is based in Melbourne, Australia.

How the Company Makes Money

Mirrabooka Investments Ltd Financial Statement Overview

Summary

Strong and consistent profitability with very high margins and a conservative, debt-free balance sheet. However, revenue declined in 2025 and operating/free cash flow turned negative, reducing confidence in near-term fundamental momentum and cash conversion.

Income Statement

Profitability is strong and consistent, with very high operating and net margins across the period (net margin ~63% in 2025 vs ~67% in 2024), reflecting a highly profitable earnings base. However, revenue has been trending down recently (2025 revenue down ~17% after a slight decline in 2024), which raises questions about near-term growth momentum despite solid earnings.

Balance Sheet

The balance sheet is very conservative with no debt reported across all periods, providing substantial financial flexibility and low solvency risk. Equity and assets are sizable, though returns on equity are modest and have softened recently (about 1.2% in 2025 vs ~2.0% in 2024), suggesting the capital base is not being translated into high shareholder returns.

Cash Flow

Cash generation is volatile, with negative operating and free cash flow in 2025 and also in 2022 and 2021, despite positive net income—indicating weaker cash conversion and potential timing effects. While some years show strong cash inflows (notably 2023 and 2020), the recent swing back to cash outflow and the sharp decline in free cash flow in 2025 make the cash flow profile less reliable.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2021
Income Statement
Total Revenue	12.49M	15.91M	16.45M	10.15M	9.85M
Gross Profit	12.49M	15.91M	16.45M	10.15M	9.85M
EBITDA	0.00	-107.00K	-90.00K	-95.00K	-118.00K
Net Income	7.92M	10.73M	11.31M	6.73M	6.44M
Balance Sheet
Total Assets	748.76M	626.35M	567.95M	513.41M	618.44M
Cash, Cash Equivalents and Short-Term Investments	89.67M	11.69M	33.77M	32.87M	31.48M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	86.52M	78.58M	63.53M	53.19M	100.67M
Stockholders Equity	662.25M	547.77M	504.42M	460.23M	517.77M
Cash Flow
Free Cash Flow	-1.43M	3.86M	8.63M	-3.93M	-5.20M
Operating Cash Flow	-1.43M	3.86M	8.63M	-3.93M	-5.20M
Investing Cash Flow	12.23M	4.88M	5.46M	-21.51M	-12.57M
Financing Cash Flow	63.46M	-23.68M	-18.15M	25.01M	25.39M

Mirrabooka Investments Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RPL	79 Outperform	AU$1.15B	8.75	5.73%	4.92%	21.81%	-43.93%
PPM	69 Neutral	AU$1.06B	10.25	12.11%	11.71%	-6.49%	-5.40%
EQT	69 Neutral	AU$582.72M	14.46	8.50%	4.63%	4.26%	79.41%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
MIR	60 Neutral	AU$613.37M	49.38	1.31%	3.56%	―	―
MYS	53 Neutral	AU$758.50M	16.17	5.92%	4.63%	26.01%	-17.55%

Mirrabooka Investments Ltd Corporate Events

Mirrabooka Lifts Half-Year Profit but Trails Small and Mid-Cap Benchmarks

Mirrabooka Investments reported a half-year profit of $8.9 million for the period ended 31 December 2025, a 93.6% increase on the prior corresponding period, driven by a 42.9% rise in revenue from operating activities to $8.9 million, although its portfolio return of 1.3% (including franking) substantially lagged the combined Small Ordinaries and Mid Cap 50 benchmark’s 14.3% return. The board declared an interim fully franked dividend of 4.5 cents per share, unchanged from last year and sourced entirely from capital gains, alongside confirming the continued availability of its Dividend Reinvestment Plan and Dividend Substitution Share Plan, while noting that net asset backing per share fell to $3.27 from $3.41 a year earlier, signalling softer portfolio performance despite stronger reported earnings.

The most recent analyst rating on (AU:MIR) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Mirrabooka Investments Ltd stock, see the AU:MIR Stock Forecast page.

Mirrabooka Declares Interim Dividend of 4.5 Cents per Share

Mirrabooka Investments Limited has declared an interim dividend of AUD 0.045 per ordinary fully paid share for the six-month period ended 31 December 2025, reinforcing its commitment to returning capital to shareholders. The dividend will trade ex-dividend on 23 January 2026, with a record date of 27 January 2026 and payment scheduled for 17 February 2026, and includes a dividend reinvestment option for investors electing to receive additional shares, underlining the company’s ongoing income proposition for its shareholder base.

The most recent analyst rating on (AU:MIR) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Mirrabooka Investments Ltd stock, see the AU:MIR Stock Forecast page.

Mirrabooka Sets Date for Half-Year Results and Investor Webcast

Mirrabooka Investments Limited will release its half-year financial results on 15 January 2026 and will hold a shareholder webcast to discuss the results on 3 February 2026 at 3:30pm AEDT. The company will also publish accompanying shareholder presentation materials to the ASX and on its website, providing investors with further detail and transparency on performance and portfolio developments.

The most recent analyst rating on (AU:MIR) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Mirrabooka Investments Ltd stock, see the AU:MIR Stock Forecast page.

Mirrabooka Posts Estimated Pre-Tax NTA of $3.28 Per Share

Mirrabooka Investments Limited has reported an estimated pre-tax net tangible asset (NTA) backing of $3.28 per share as at 9 January 2026, compared with its ASX closing share price of $3.14 on the same date. The NTA figure is unaudited and indicative, based on investments at market value before allowing for deferred tax on unrealised gains or losses, providing investors with an updated gauge of the company’s underlying asset backing relative to its current trading price.

The most recent analyst rating on (AU:MIR) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Mirrabooka Investments Ltd stock, see the AU:MIR Stock Forecast page.

Mirrabooka’s NTA Slips in December as Small and Mid-Cap Portfolio Holds Course

Mirrabooka reported that its net tangible asset backing per share fell over December, with before-tax NTA easing to $3.27 and after-tax NTA to $2.96 as at 31 December 2025, compared with $3.38 and $3.04 a month earlier, reflecting movements in the valuation of its long-term investment portfolio. The company’s top 20 holdings, led by Macquarie Technology Group, ARB Corporation and ALS, account for nearly half of the portfolio’s value and underscore a strong tilt toward industrials, information technology and consumer discretionary stocks, positioning Mirrabooka as a concentrated yet diversified small and mid-cap investor that continues to emphasize low management costs and stable, tax-effective income for its shareholders.

The most recent analyst rating on (AU:MIR) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Mirrabooka Investments Ltd stock, see the AU:MIR Stock Forecast page.

Mirrabooka Posts Estimated Pre-Tax NTA of $3.27 per Share as at 2 January 2026

Mirrabooka Investments Limited has reported an estimated pre-tax net tangible asset (NTA) backing of $3.27 per share as at 2 January 2026, compared with an ASX closing share price of $3.12 on the same date. The indicative, unaudited NTA figure, calculated on the market value of investments before allowing for deferred tax on unrealised gains or losses, provides investors with a benchmark for assessing the valuation of Mirrabooka’s shares relative to its underlying asset base and may influence market perceptions of whether the stock is trading at a discount or premium to its assets.

The most recent analyst rating on (AU:MIR) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Mirrabooka Investments Ltd stock, see the AU:MIR Stock Forecast page.

Mirrabooka Reveals Estimated Pre-Tax NTA of $3.28 per Share

Mirrabooka Investments Limited has reported an estimated pre-tax net tangible asset (NTA) backing of $3.28 per share as at 24 December 2025, compared with its ASX closing share price of $3.11 on the same date. The indicative, unaudited NTA figure, calculated on investments at market value before deferred tax on unrealised gains or losses, suggests the shares were trading at a modest discount to asset backing, providing an important valuation reference point for investors assessing the company’s market pricing and underlying portfolio value.

Mirrabooka Reports Estimated Pre-Tax NTA of $3.24 Per Share

Mirrabooka Investments Limited reported an estimated unaudited pre-tax net tangible asset (NTA) backing of $3.24 per share as at 19 December 2025, compared with a closing share price of $3.09 on the same date. The disclosure, which is based on investments at market value before allowing for deferred tax on unrealised gains or losses, gives shareholders and potential investors an updated indication of the portfolio’s underlying value relative to the market valuation of Mirrabooka’s shares.

Mirrabooka Investments Reschedules Interim Results Webinar

Mirrabooka Investments Limited has announced a change in the date for its Interim Results Shareholder Webinar, which will now take place on Tuesday, 3 February 2026. This update does not affect any other dates previously announced, and the change is aimed at ensuring stakeholders are informed about the company’s interim financial performance in a timely manner.

Mirrabooka Investments Announces Estimated NTA Backing

Mirrabooka Investments Limited has announced its estimated net tangible asset (NTA) backing per share as of December 12, 2025, which stands at $3.25. This figure is unaudited and indicative, based on investments at market value before accounting for deferred tax on unrealized gains or losses. The company’s share price on the ASX as of the same date was $3.14, slightly below the pre-tax NTA. This announcement provides insight into the company’s financial positioning, potentially impacting investor perceptions and market performance.

Mirrabooka Investments Reports Estimated NTA Backing

Mirrabooka Investments Limited announced its estimated pre-tax net tangible asset (NTA) backing per share as of December 5, 2025, at $3.28, compared to the closing share price of $3.15 on the same date. This unaudited and indicative figure reflects the market value of investments before accounting for deferred tax on unrealized gains or losses, offering stakeholders insight into the company’s asset valuation and financial health.

Mirrabooka Investments Reports Decline in NTA Backing

Mirrabooka Investments Ltd reported a decrease in its net tangible asset (NTA) backing per share as of November 30, 2025, with before-tax NTA at $3.38 and after-tax NTA at $3.04, down from October’s figures. The company’s portfolio, valued at $762.7 million, remains diversified across various sectors, with a focus on long-term, fundamental, bottom-up investment strategies. The release highlights the top 20 investments, which account for 51% of the portfolio’s total value, and underscores the company’s commitment to delivering consistent after-tax investment returns and maintaining transparency and liquidity for its shareholders.

Mirrabooka Investments Announces Key 2026 Dates

Mirrabooka Investments Limited has announced key dates for the first half of 2026, including the interim results announcement on January 15 and a shareholder webinar on January 20. The company has also outlined the schedule for its interim dividend, with the ex-date set for January 23, record date on January 27, and payment date on February 17, subject to board approval.

Mirrabooka Investments Reports Estimated NTA Backing

Mirrabooka Investments Limited has announced its estimated net tangible asset (NTA) backing per share as of November 28, 2025, at $3.38, while the share price closed at $3.17 on the ASX. This announcement provides shareholders with an insight into the company’s financial health, indicating a positive asset backing relative to the current market price, which may influence investor perceptions and market positioning.

Mirrabooka Investments Reports Estimated NTA Backing

Mirrabooka Investments Limited announced an estimated pre-tax net tangible asset (NTA) backing per share of $3.26 as of November 21, 2025, compared to its closing share price of $3.16 on the same date. This unaudited and indicative figure reflects the company’s investments at market value before accounting for deferred tax on unrealised gains or losses, providing stakeholders with insight into the company’s asset valuation and market positioning.

Mirrabooka Investments Reports Estimated NTA Backing

Mirrabooka Investments Limited announced an estimated pre-tax net tangible asset (NTA) backing per share of $3.30 as of November 14, 2025, compared to a share price of $3.23 on the same date. This unaudited figure reflects the market value of investments and excludes deferred tax on unrealized gains or losses, indicating a stable financial position for the company.

Mirrabooka Investments Reports Estimated NTA Backing

Mirrabooka Investments Limited announced an estimated pre-tax net tangible asset (NTA) backing per share of $3.38 as of 7 November 2025, compared to its share price of $3.26 on the same date. This announcement provides insight into the company’s asset valuation and market positioning, indicating a slight premium of asset value over the current market price, which may influence investor perceptions and decisions.

Mirrabooka Investments Reports Increased NTA Backing and Strategic Portfolio Positioning

Mirrabooka Investments Ltd reported an increase in its net tangible asset (NTA) backing per share as of October 31, 2025, reflecting a rise from $3.44 to $3.48 before tax. The company’s investment strategy focuses on long-term, fundamental, bottom-up investing with a portfolio valued at $797.2 million. The top 20 investments account for 49.4% of the total portfolio value, with a significant portion invested in industrials, information technology, and consumer discretionary sectors. This strategic positioning aims to provide consistent after-tax paid investment returns over the long term, benefiting shareholders with fully franked dividends.

Mirrabooka Investments Announces Estimated NTA Backing

Mirrabooka Investments Limited, a company listed on the Australian Securities Exchange, has announced its estimated net tangible asset (NTA) backing per share as of October 31, 2025, at $3.47. This figure is unaudited and indicative, based on market value investments before accounting for deferred tax on unrealized gains or losses. The company’s share price on the ASX at the same date was $3.28, suggesting a slight discount to its NTA. This announcement provides stakeholders with insight into the company’s financial health and market valuation, potentially influencing investment decisions.

Mirrabooka Investments Reports Estimated NTA Backing

Mirrabooka Investments Limited announced its estimated net tangible asset (NTA) backing per share as of 24 October 2025, which stands at $3.46. This figure is unaudited and indicative, reflecting the market value of investments before accounting for deferred tax on unrealized gains or losses. The company’s share price on the ASX at the same date was $3.32, indicating a slight discount to the NTA. This announcement provides stakeholders with insights into the company’s asset valuation and market positioning, which could influence investor decisions.

Mirrabooka Investments Updates Securities Dealing Policy

Mirrabooka Investments Limited has updated its Securities Dealing Policy, which primarily applies to private dealings in the company’s securities by Key Management Personnel (KMP) and closely connected persons and entities. The policy outlines strict prohibitions on dealing in the company’s securities when in possession of inside information, during prohibited periods, or for short-term purposes. It also prohibits short-selling and using the company’s securities as security for loans, emphasizing that dealings should be for investment purposes.