Mcmillan Shakespeare Limited (AU:MMS)
ASX:MMS
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Mcmillan Shakespeare Limited
(Sydney:MMS)
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Rating:61Neutral
Price Target:
AU$19.50
▲(23.97% Upside)
Action:Reiterated
Date:10/31/25
Mcmillan Shakespeare Limited's overall stock score is driven by a strong valuation with a low P/E ratio and high dividend yield, making it attractive for value and income-focused investors. However, financial performance is a concern due to declining revenue and high leverage, which could pose risks if not addressed. Technical analysis suggests a neutral to slightly bullish outlook, but the lack of significant earnings call insights or corporate events limits additional context.
Positive Factors
High net and gross margins
Sustained high net and gross margins indicate strong pricing power or low direct costs, giving the business a durable earnings buffer. Over 2-6 months this supports resilience to revenue variability, funds reinvestment, and the ability to maintain profitability through cycles.
Negative Factors
High financial leverage
Very high leverage materially raises solvency and refinancing risk. Over months this increases interest burdens, reduces strategic flexibility, and makes the firm vulnerable to revenue shocks or tighter credit conditions, constraining investment and dividend policy.
Read all positive and negative factors
Positive Factors
Negative Factors
High net and gross margins
Sustained high net and gross margins indicate strong pricing power or low direct costs, giving the business a durable earnings buffer. Over 2-6 months this supports resilience to revenue variability, funds reinvestment, and the ability to maintain profitability through cycles.
Read all positive factors
Mcmillan Shakespeare Limited (MMS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.27B
Dividend Yield8.65%
Average Volume (3M)270.66K
Price to Earnings (P/E)12.8
Beta (1Y)0.94
Revenue Growth8.40%
EPS Growth9.16%
CountryAU
Employees1,328
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)1.43
Shares Outstanding69,643,020
10 Day Avg. Volume221,553
30 Day Avg. Volume270,660
Financial Highlights & Ratios
PEG Ratio0.80
Price to Book (P/B)9.60
Price to Sales (P/S)2.49
P/FCF Ratio-13.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$19.23Price Target Upside22.27% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)1.51
Revenue Forecast (FY)AU$594.07M
Mcmillan Shakespeare Limited Business Overview & Revenue Model
Company Description
McMillan Shakespeare Limited provides salary packaging, novated leasing, disability plan management and support co-ordination, asset management, and related financial products and services in Australia, the United Kingdom, and New Zealand. It oper...
How the Company Makes Money
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Mcmillan Shakespeare Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
50
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 560.20M | 435.63M | 521.02M | 363.88M | 337.40M | 544.22M |
| Gross Profit | 275.86M | 435.63M | 519.94M | 51.89M | 64.27M | 154.33M |
| EBITDA | 251.25M | 245.09M | 224.28M | 168.06M | 162.43M | 172.65M |
| Net Income | 99.54M | 95.34M | 83.55M | 32.27M | 70.35M | 61.06M |
Balance Sheet | ||||||
| Total Assets | 1.57B | 1.48B | 1.30B | 1.05B | 1.12B | 685.93M |
| Cash, Cash Equivalents and Short-Term Investments | 587.79M | 126.28M | 154.63M | 463.19M | 600.49M | 158.00M |
| Total Debt | 853.60M | 758.36M | 588.13M | 325.13M | 218.85M | 225.21M |
| Total Liabilities | 1.45B | 1.37B | 1.17B | 903.99M | 828.16M | 416.74M |
| Stockholders Equity | 112.72M | 112.79M | 128.84M | 145.58M | 291.43M | 269.19M |
Cash Flow | ||||||
| Free Cash Flow | -57.02M | -78.98M | -127.63M | 8.30M | 110.69M | 185.03M |
| Operating Cash Flow | -45.87M | -59.70M | -106.00M | 24.61M | 119.94M | 194.97M |
| Investing Cash Flow | -26.77M | -26.68M | -1.35M | -16.31M | -42.39M | -8.06M |
| Financing Cash Flow | 29.06M | 59.67M | 162.02M | -71.52M | -74.06M | -120.53M |
Mcmillan Shakespeare Limited Technical Analysis
Positive
15.73
Price Trends
16.25
Positive
16.08
Positive
16.22
Positive
Market Momentum
0.63
Positive
62.18
Neutral
76.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MMS, the sentiment is Positive. The current price of 15.73 is below the 20-day moving average (MA) of 17.90, below the 50-day MA of 16.25, and below the 200-day MA of 16.22, indicating a bullish trend. The MACD of 0.63 indicates Positive momentum. The RSI at 62.18 is Neutral, neither overbought nor oversold. The STOCH value of 76.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MMS.
Mcmillan Shakespeare Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | AU$1.57B | 18.62 | 29.68% | 5.51% | 7.67% | 5.03% | |
76 Outperform | AU$226.29M | 12.76 | 12.32% | 4.11% | 9.90% | 216.48% | |
66 Neutral | AU$1.84B | 23.48 | 8.79% | 1.30% | 34.24% | 1.87% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | AU$177.03M | 58.50 | 10.41% | 0.11% | 21.18% | -17.84% | |
61 Neutral | AU$1.27B | 12.78 | 88.28% | 8.65% | 8.40% | 9.16% | |
51 Neutral | AU$71.14M | -8.30 | -6.36% | ― | -19.61% | -81.96% |
* Industrials Sector Average
AU:MMS
Mcmillan Shakespeare Limited
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26.92%
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Mcmillan Shakespeare Limited Corporate Events
State Street Group Ceases to Be Substantial Holder in McMillan Shakespeare
May 28, 2026
State Street Corporation, through various asset management and trust subsidiaries, has lodged a notice that it has ceased to be a substantial shareholder in McMillan Shakespeare Limited as of 26 May 2026. The change reflects a reduction in its vot...
McMillan Shakespeare Tables Investor Update at Macquarie Australia Conference
May 5, 2026
McMillan Shakespeare Limited has released the investor presentation to be delivered by CEO and Managing Director Rob De Luca at the 2026 Macquarie Australia Conference. The conference appearance underscores the company’s ongoing engagement w...
State Street Group Ceases to Be Substantial Holder in Mcmillan Shakespeare
Mar 6, 2026
State Street Corporation and several of its asset management subsidiaries have lodged a notice that they have ceased to be substantial shareholders in Mcmillan Shakespeare Limited. The filing indicates that their relevant interest in the company&#...
McMillan Shakespeare Issues New Unquoted Performance Rights Under Incentive Scheme
Mar 6, 2026
McMillan Shakespeare Limited has notified the market of the issue of 4,344 unquoted performance rights under its employee incentive scheme, with an effective issue date of 27 February 2026. The additional performance rights, which are not intended...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.