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Mcmillan Shakespeare Limited
(Sydney:MMS)
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Rating:61Neutral
Price Target:
AU$21.00
▲(33.50% 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 Margins
Sustained high gross and net margins indicate strong pricing power and very low direct costs relative to revenue. This structural profitability supports cash generation, funds reinvestment or dividends, and provides a buffer against moderate demand swings over the next several months.
Negative Factors
High Leverage
Very high leverage materially reduces financial flexibility and raises refinancing and interest-rate risks. With elevated debt levels, the company is more exposed to revenue shocks and may face constrained ability to invest or withstand prolonged downturns in the staffing cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
High Margins
Sustained high gross and net margins indicate strong pricing power and very low direct costs relative to revenue. This structural profitability supports cash generation, funds reinvestment or dividends, and provides a buffer against moderate demand swings over the next several months.
Read all positive factors
Mcmillan Shakespeare Limited (MMS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.38B
Dividend Yield8.65%
Average Volume (3M)270.66K
Price to Earnings (P/E)13.9
Beta (1Y)0.92
Revenue Growth8.40%
EPS Growth9.16%
CountryAU
Employees1,311
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)1.59
Revenue Forecast (FY)AU$616.89M
Mcmillan Shakespeare Limited Business Overview & Revenue Model
Company Description
McMillan Shakespeare Limited, an Australian company established in Melbourne in 1988, delivers a diverse portfolio of financial and administrative services across Australia, the United Kingdom, and New Zealand. These offerings include salary packa...
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
18.91
Positive
17.02
Positive
16.62
Positive
Market Momentum
0.22
Positive
60.84
Neutral
84.13
Negative
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 19.40, below the 50-day MA of 18.91, and below the 200-day MA of 16.62, indicating a bullish trend. The MACD of 0.22 indicates Positive momentum. The RSI at 60.84 is Neutral, neither overbought nor oversold. The STOCH value of 84.13 is Negative, 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$1.79B | 21.38 | 29.68% | 5.51% | 7.67% | 5.03% | |
76 Outperform | AU$222.08M | 12.47 | 12.32% | 4.11% | 9.90% | 216.48% | |
66 Neutral | AU$2.10B | 27.12 | 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$181.55M | 60.33 | 10.41% | 0.11% | 21.18% | -17.84% | |
61 Neutral | AU$1.38B | 13.92 | 88.28% | 8.65% | 8.40% | 9.16% | |
51 Neutral | AU$74.43M | -8.52 | -6.36% | ― | -19.61% | -81.96% |
* Industrials Sector Average
AU:MMS
Mcmillan Shakespeare Limited
19.75
3.60
22.26%
AU:SIQ
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12.93
5.52
74.52%
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1.06
0.14
14.80%
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Kelly Partners Group Holdings Ltd.
4.01
-7.48
-65.10%
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MAAS Group Holdings Ltd.
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45.18%
AU:PPE
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0.68
>-0.01
-1.45%
Mcmillan Shakespeare Limited Corporate Events
McMillan Shakespeare Sets Date for FY26 Results Webcast
Jul 7, 2026
McMillan Shakespeare Limited has scheduled a webcast of its FY26 results presentation for Friday 28 August 2026 at 9:00am AEST, to be led by Managing Director and CEO Rob De Luca and CFO Paul Varro. The event will be accessible via the companyR...
Mcmillan Shakespeare Trims Incentive Pool as Rights Lapse
Jul 7, 2026
Mcmillan Shakespeare Limited has notified the market of the cessation of a tranche of equity-based incentive securities, including 15,431 performance rights (MMSAD) and 1,489 share rights (MMSAR) that lapsed after their conditions were not met or ...
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...
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.