Mcmillan Shakespeare Limited (MMS) AI Stock Analysis

• Market Cap: €1.21B
• Dividend Yield: 8.62%
• Average Volume (3M): 270.66K
• Price to Earnings (P/E): 12.7
• Beta (1Y): 0.62
• Revenue Growth: 7.99%
• EPS Growth: 14.07%
• Country: AU
• Employees: 1,328
• Sector: Industrials
• Sector Strength: 72
• Industry: Staffing & Employment Services
• EPS (TTM): 0.77
• Shares Outstanding: 69,643,020
• 10 Day Avg. Volume: 221,553
• 30 Day Avg. Volume: 270,660
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: €19.88
• Price Target Upside: 15.76% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 61 Neutral
• Price Target: AU$18.00 ▲(4.83% Upside)

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.

Mcmillan Shakespeare Limited Business Overview & Revenue Model

Company Description

McMillan Shakespeare Limited (MMS) is a leading provider of salary packaging, novated leasing, and fleet management services in Australia. The company operates primarily in the financial services sector, catering to both individuals and businesses to optimize their vehicle and salary packaging solutions. MMS offers a range of products including novated leases, vehicle fleet management, and employee benefits programs aimed at enhancing financial flexibility and maximizing tax efficiency for its clients.

How the Company Makes Money

MMS generates revenue through several key streams, primarily from salary packaging and novated leasing arrangements. The company charges fees for managing these services, including set-up and ongoing administration fees. Additionally, MMS earns income from commissions on vehicle sales and leasing, as well as from partnerships with automotive manufacturers and dealerships that provide discounts and incentives for their clients. The company also benefits from its fleet management services, which involve managing vehicles for businesses and charging for maintenance, insurance, and other related services. Strategic partnerships with financial institutions and corporate clients further contribute to its earnings by providing access to a broader customer base and enhancing service offerings.

Mcmillan Shakespeare Limited Financial Statement Overview

Summary

Mcmillan Shakespeare Limited shows strong profitability and return on equity, but faces challenges with declining revenue and high leverage. The negative cash flows highlight potential liquidity issues, which could impact future operations if not addressed. The company needs to focus on revenue stabilization and improving cash flow management to enhance financial health.

Income Statement

Mcmillan Shakespeare Limited shows strong profitability with a high net profit margin of 21.89% and a gross profit margin of 100% for the latest year. However, the company experienced a significant revenue decline of 19.53% compared to the previous year, indicating potential challenges in maintaining revenue growth. The EBIT and EBITDA margins are robust, suggesting efficient operations, but the revenue contraction is a concern.

Balance Sheet

The company's balance sheet reflects high leverage with a debt-to-equity ratio of 6.72, indicating significant reliance on debt financing. Return on equity is strong at 84.52%, showing effective use of equity to generate profits. However, the high debt levels pose a risk to financial stability, especially if revenue continues to decline.

Cash Flow

Cash flow analysis reveals negative operating and free cash flows, which are concerning for liquidity. Despite a positive free cash flow growth rate of 113.66%, the company struggles with cash flow generation relative to net income, as indicated by a negative operating cash flow to net income ratio. This suggests potential cash management issues.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	541.37M	435.63M	521.02M	363.88M	337.40M	544.22M
Gross Profit	539.44M	435.63M	519.94M	51.89M	64.27M	154.33M
EBITDA	220.47M	245.09M	224.28M	168.06M	151.25M	170.84M
Net Income	91.19M	95.34M	83.55M	32.27M	70.35M	61.06M
Balance Sheet
Total Assets	1.44B	1.48B	1.30B	1.05B	1.12B	685.93M
Cash, Cash Equivalents and Short-Term Investments	146.42M	126.28M	154.63M	463.19M	600.49M	158.00M
Total Debt	676.86M	758.36M	588.13M	325.13M	218.85M	225.21M
Total Liabilities	1.33B	1.37B	1.17B	903.99M	828.16M	416.74M
Stockholders Equity	114.73M	112.79M	128.84M	145.58M	291.43M	269.19M
Cash Flow
Free Cash Flow	-36.97M	-78.98M	-127.63M	8.30M	110.69M	185.03M
Operating Cash Flow	-35.03M	-59.70M	-106.00M	24.61M	119.94M	194.97M
Investing Cash Flow	-23.06M	-26.68M	-1.35M	-16.31M	-42.39M	-8.06M
Financing Cash Flow	108.98M	59.67M	162.02M	-71.52M	-74.06M	-120.53M

Mcmillan Shakespeare Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 17.17
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MMS, the sentiment is Negative. The current price of 17.17 is below the 20-day moving average (MA) of 17.23, below the 50-day MA of 17.42, and above the 200-day MA of 15.51, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 47.67 is Neutral, neither overbought nor oversold. The STOCH value of 45.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MMS.

Mcmillan Shakespeare Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SIQ	―	$1.11B	13.17	31.30%	6.18%	11.64%	18.08%
MAD	―	AU$1.70B	29.41	30.67%	0.96%	12.62%	12.46%
ASH	―	AU$31.67M	14.57	7.05%	4.73%	-7.29%	60.64%
Sector *	―	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
MMS	―	€1.21B	12.66	79.56%	8.62%	7.99%	14.07%
PPE	―	AU$97.65M	-7.41	-8.39%	―	-6.45%	-364.91%
AD1	―	AU$14.84M	-0.90	―	―	14.07%	-157.40%

Mcmillan Shakespeare Limited Corporate Events

McMillan Shakespeare Appoints New Company Secretary

McMillan Shakespeare Limited has announced the appointment of Michelle Siekierka as the new Company Secretary, effective immediately. Siekierka, who joined the company in September 2025 as General Counsel, brings extensive experience in corporate and commercial law, as well as risk and compliance management, having previously worked with organizations such as Growthpoint Properties Australia and the Treasury Corporation of Victoria. Her appointment is expected to strengthen the company’s governance and compliance functions, enhancing its communication with the ASX and potentially impacting its operational efficiency and stakeholder relations.

The most recent analyst rating on (AU:MMS) stock is a Hold with a A$17.50 price target. To see the full list of analyst forecasts on Mcmillan Shakespeare Limited stock, see the AU:MMS Stock Forecast page.

McMillan Shakespeare Limited Announces Hybrid 2025 AGM

McMillan Shakespeare Limited has announced its 2025 Annual General Meeting (AGM) will be held on 17 November 2025 as a hybrid event, allowing shareholders to participate either in person or online. This format aims to maximize accessibility for stakeholders. The AGM will include a review of the company’s performance for the financial year ended 30 June 2025, and shareholders will consider various resolutions as outlined in the meeting’s Notice and Explanatory Notes.

The most recent analyst rating on (AU:MMS) stock is a Hold with a A$17.50 price target. To see the full list of analyst forecasts on Mcmillan Shakespeare Limited stock, see the AU:MMS Stock Forecast page.

McMillan Shakespeare Limited Unveils 2025 Sustainability Report

McMillan Shakespeare Limited has released its 2025 Sustainability Report, highlighting its commitment to sustainable practices and corporate responsibility. This announcement underscores the company’s ongoing efforts to integrate sustainability into its operations, potentially strengthening its market position and enhancing stakeholder trust.

The most recent analyst rating on (AU:MMS) stock is a Hold with a A$17.50 price target. To see the full list of analyst forecasts on Mcmillan Shakespeare Limited stock, see the AU:MMS Stock Forecast page.

McMillan Shakespeare Limited Announces Director’s Interest Changes

McMillan Shakespeare Limited announced a change in the director’s interest, specifically regarding Roberto De Luca. The changes include the acquisition of 5,884 share rights as incentive-based remuneration and the conversion and lapsing of performance rights. This adjustment in director interests reflects the company’s ongoing commitment to aligning executive incentives with shareholder interests, potentially impacting its governance and stakeholder confidence.

The most recent analyst rating on (AU:MMS) stock is a Hold with a A$21.00 price target. To see the full list of analyst forecasts on Mcmillan Shakespeare Limited stock, see the AU:MMS Stock Forecast page.

McMillan Shakespeare Limited Announces Cessation of Securities

McMillan Shakespeare Limited announced the cessation of certain securities, specifically 29,962 performance rights and 2,096 share rights, due to unmet conditions. This development may impact the company’s capital structure and reflects the challenges in meeting the conditions tied to these securities, potentially affecting stakeholder confidence and market perception.

The most recent analyst rating on (AU:MMS) stock is a Hold with a A$21.00 price target. To see the full list of analyst forecasts on Mcmillan Shakespeare Limited stock, see the AU:MMS Stock Forecast page.

Mcmillan Shakespeare Limited Issues Unquoted Equity Securities

Mcmillan Shakespeare Limited has announced the issuance of 5,884 unquoted equity securities under an employee incentive scheme. This issuance, which is not intended to be quoted on the ASX, reflects the company’s ongoing efforts to incentivize its workforce and align employee interests with company performance.

The most recent analyst rating on (AU:MMS) stock is a Hold with a A$21.00 price target. To see the full list of analyst forecasts on Mcmillan Shakespeare Limited stock, see the AU:MMS Stock Forecast page.

Mcmillan Shakespeare Limited Issues New Share Rights Under Employee Incentive Scheme

Mcmillan Shakespeare Limited announced the issuance of 14,407 unquoted share rights under an employee incentive scheme, effective from September 12, 2025. This move is part of the company’s strategy to motivate and retain its workforce, potentially enhancing employee engagement and aligning their interests with the company’s long-term goals.

The most recent analyst rating on (AU:MMS) stock is a Hold with a A$21.00 price target. To see the full list of analyst forecasts on Mcmillan Shakespeare Limited stock, see the AU:MMS Stock Forecast page.

Mcmillan Shakespeare Limited Declares Dividend for Shareholders

Mcmillan Shakespeare Limited announced a dividend distribution of AUD 0.77 per share for its ordinary fully paid shares. The dividend relates to the six-month financial period ending on June 30, 2025, with an ex-date of September 11, 2025, and a payment date of September 26, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders and may influence its market positioning by demonstrating financial stability and shareholder confidence.

The most recent analyst rating on (AU:MMS) stock is a Hold with a A$16.50 price target. To see the full list of analyst forecasts on Mcmillan Shakespeare Limited stock, see the AU:MMS Stock Forecast page.

McMillan Shakespeare Limited Releases FY25 Investor Presentation

McMillan Shakespeare Limited has announced its FY25 Results Investor Presentation to the Australian Securities Exchange. This announcement, authorized by the MMS Board, is expected to provide insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (AU:MMS) stock is a Hold with a A$16.50 price target. To see the full list of analyst forecasts on Mcmillan Shakespeare Limited stock, see the AU:MMS Stock Forecast page.

McMillan Shakespeare Limited Releases 2025 Governance Documents

McMillan Shakespeare Limited has announced the release of its 2025 Appendix 4G and Corporate Governance Statement to the Australian Securities Exchange (ASX). This announcement is part of the company’s compliance with ASX listing rules, specifically rule 4.7.3. The release of these documents underscores McMillan Shakespeare Limited’s commitment to transparency and adherence to corporate governance standards, which may influence stakeholder confidence and the company’s market positioning.

The most recent analyst rating on (AU:MMS) stock is a Hold with a A$16.50 price target. To see the full list of analyst forecasts on Mcmillan Shakespeare Limited stock, see the AU:MMS Stock Forecast page.

McMillan Shakespeare Releases 2025 Financial Results

McMillan Shakespeare Limited has announced its 2025 Appendix 4E and Annual Report, detailing the company’s financial performance for the year ended June 30, 2025. This release to the Australian Securities Exchange (ASX) is a significant disclosure that provides stakeholders with insights into the company’s operational outcomes and financial health, potentially impacting its market positioning and investor relations.

The most recent analyst rating on (AU:MMS) stock is a Hold with a A$16.50 price target. To see the full list of analyst forecasts on Mcmillan Shakespeare Limited stock, see the AU:MMS Stock Forecast page.