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Mitchell Services Limited (AU:MSV)
:MSV
Australian Market
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Mitchell Services Limited (MSV) AI Stock Analysis

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AU:MSV

Mitchell Services Limited

(Sydney:MSV)

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Neutral 48 (OpenAI - 4o)
Rating:48Neutral
Price Target:
AU$0.50
▲(47.06% Upside)
Mitchell Services Limited's overall stock score is primarily impacted by its financial performance, which shows significant challenges in revenue, profitability, and cash flow. Technical analysis provides a mixed view, with some short-term bearish signals but potential longer-term support. The high P/E ratio suggests overvaluation, further weighing down the overall score.

Mitchell Services Limited (MSV) vs. iShares MSCI Australia ETF (EWA)

Mitchell Services Limited Business Overview & Revenue Model

Company DescriptionMitchell Services Limited (MSV) is a leading provider of drilling and associated services in the mining and resources sector, primarily operating in Australia. The company specializes in offering a wide range of services including exploration drilling, production drilling, and underground drilling, catering to a diverse clientele in the mineral resource industry. MSV is committed to delivering high-quality service and safety, leveraging advanced technology and experienced personnel to meet the demands of its customers.
How the Company Makes MoneyMitchell Services Limited generates revenue through its core services in the drilling sector, with key revenue streams derived from contracts for exploration and production drilling services. The company typically enters into long-term contracts with mining companies, which provides a stable income base. Additionally, MSV may engage in short-term projects that can enhance revenue flexibility. Significant partnerships with major mining firms and a strong reputation in the industry also contribute to its earnings, as clients prefer established service providers for their drilling needs. The company's focus on operational efficiency and safety not only helps in maintaining low operational costs but also in securing repeat business and long-term contracts, further solidifying its revenue model.

Mitchell Services Limited Financial Statement Overview

Summary
Mitchell Services Limited is facing financial challenges, with declining revenue and profitability. The balance sheet shows improved leverage, but the low return on equity indicates inefficiencies. Cash flow issues are evident, with negative free cash flow growth. The company needs to address these areas to improve its financial health.
Income Statement
45
Neutral
Mitchell Services Limited has experienced a decline in revenue over the past year, with a negative revenue growth rate of -8.42%. The gross profit margin remains stable at 36.56%, but the net profit margin is very low at 0.27%, indicating minimal profitability. The EBIT and EBITDA margins have also decreased, reflecting operational challenges.
Balance Sheet
60
Neutral
The company's debt-to-equity ratio has improved to 0.18, indicating a reduction in leverage. However, the return on equity is low at 0.88%, suggesting limited efficiency in generating returns from equity. The equity ratio stands at 54.84%, showing a moderate level of equity financing.
Cash Flow
40
Negative
The cash flow situation is concerning, with a significant decline in free cash flow growth at -120.83%. The operating cash flow to net income ratio is 46.39%, indicating some operational cash generation, but the negative free cash flow to net income ratio highlights cash flow challenges.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue196.84M196.84M236.83M243.14M213.37M191.38M
Gross Profit71.96M71.96M85.59M44.06M27.89M32.11M
EBITDA23.97M23.97M40.54M41.17M32.01M25.31M
Net Income536.87K536.87K9.17M7.61M15.56K-5.90M
Balance Sheet
Total Assets111.27M111.27M127.41M134.60M143.29M126.75M
Cash, Cash Equivalents and Short-Term Investments1.40M1.40M16.03M11.11M3.74M4.24M
Total Debt10.77M10.77M19.66M32.28M47.28M39.59M
Total Liabilities50.24M50.24M61.78M67.50M81.54M75.14M
Stockholders Equity61.04M61.04M65.63M67.10M61.75M51.61M
Cash Flow
Free Cash Flow-2.05M-2.05M29.28M24.11M2.48M3.91M
Operating Cash Flow17.92M17.92M43.12M35.63M22.22M30.06M
Investing Cash Flow-18.02M-18.02M-10.26M-8.06M-19.43M-24.48M
Financing Cash Flow-14.60M-14.60M-27.93M-20.20M-3.28M-13.25M

Mitchell Services Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.34
Price Trends
50DMA
0.31
Positive
100DMA
0.29
Positive
200DMA
0.29
Positive
Market Momentum
MACD
<0.01
Positive
RSI
49.03
Neutral
STOCH
22.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MSV, the sentiment is Neutral. The current price of 0.34 is above the 20-day moving average (MA) of 0.33, above the 50-day MA of 0.31, and above the 200-day MA of 0.29, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.03 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:MSV.

Mitchell Services Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
51
Neutral
AU$109.21M-27.95%-43.08%
48
Neutral
AU$66.77M126.000.85%-16.97%-94.15%
48
Neutral
AU$73.89M-14.79-12.09%81.03%
44
Neutral
AU$80.89M-11.73-10.46%-85.84%73.66%
43
Neutral
AU$87.05M-103.22%-278.88%
35
Underperform
AU$15.42M-121.65%-100.21%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:MSV
Mitchell Services Limited
0.32
-0.02
-5.88%
AU:E25
Element 25 Limited
0.29
<0.01
3.57%
AU:TGN
Tungsten Mining NL
0.10
0.04
66.67%
AU:CZR
CZR Resources Ltd
0.37
0.13
58.70%
AU:GBR
Great Boulder Resources Ltd
0.07
0.03
75.00%
AU:MHK
Metal Hawk Ltd.
0.12
-0.08
-40.00%

Mitchell Services Limited Corporate Events

Mitchell Services Limited 2025 AGM Resolutions Passed
Oct 15, 2025

Mitchell Services Limited announced the results of its 2025 Annual General Meeting, where all resolutions were passed by a poll. Key resolutions included the adoption of the remuneration report, re-election of directors, approval of additional placement capacity, and the approval of the employee share option plan. These outcomes reflect strong shareholder support and are expected to positively impact the company’s governance and strategic flexibility.

The most recent analyst rating on (AU:MSV) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mitchell Services Limited stock, see the AU:MSV Stock Forecast page.

Mitchell Services Limited: Strategic Shift and Resilience Amidst Market Challenges
Oct 15, 2025

Mitchell Services Limited faced a challenging FY25 due to adverse weather, temporary mine shutdowns, and a subdued coal market. Despite these challenges, the company successfully secured new contracts in other commodities and invested in innovation, leading to a stronger foundation for long-term growth. The company has strategically pivoted towards the minerals sector and decarbonisation opportunities, with approximately half of its revenue now coming from gold. The emergence of Loop Decarbonisation Solutions Pty Ltd marks a strategic expansion into the decarbonisation sector, validated by a partnership with Sumitomo Corporation. FY26 has started strongly, with improved financial performance and reduced net debt, positioning the company well for sustainable growth.

The most recent analyst rating on (AU:MSV) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mitchell Services Limited stock, see the AU:MSV Stock Forecast page.

Mitchell Services Reports Strong Q1 FY26 Performance and Strategic Growth Opportunities
Oct 13, 2025

Mitchell Services Limited reported a significant improvement in its financial performance for Q1 FY26, with a 68% increase in EBITDA and a 93% reduction in net debt. The company’s strong cash flow and reduced debt position provide a solid foundation for future growth and capital management flexibility, while the investment by Sumitomo Corporation in the Loop Decarbonisation joint venture highlights potential for further expansion.

The most recent analyst rating on (AU:MSV) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mitchell Services Limited stock, see the AU:MSV Stock Forecast page.

Mitchell Services Limited Announces FY26 Q1 Investor Update and Webinar
Oct 10, 2025

Mitchell Services Limited has announced the release of its FY26 Q1 quarterly investor update, scheduled for 14 October 2025. An analyst briefing in the form of a webinar will follow on 21 October 2025, allowing stakeholders to gain deeper insights into the company’s performance and strategic direction.

The most recent analyst rating on (AU:MSV) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mitchell Services Limited stock, see the AU:MSV Stock Forecast page.

Mitchell Services Limited Announces 2025 Annual General Meeting
Sep 11, 2025

Mitchell Services Limited has announced its upcoming Annual General Meeting (AGM) scheduled for October 15, 2025, in Brisbane. The meeting will cover the financial statements for the year ended June 30, 2025, and include resolutions on the adoption of the remuneration report and the re-election of directors. Shareholders are encouraged to participate either in person or by proxy, with online voting options available. This AGM is a significant event for the company as it addresses key governance issues and provides a platform for shareholder engagement.

The most recent analyst rating on (AU:MSV) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Mitchell Services Limited stock, see the AU:MSV Stock Forecast page.

Mitchell Services Secures Strategic Investment from Sumitomo for Decarbonisation Venture
Aug 28, 2025

Mitchell Services Limited has announced that Sumitomo Corporation has made a significant equity investment in its joint venture, Loop Decarbonisation Solutions Pty Ltd. This investment, which values Loop at approximately $24 million, marks a strategic shift for Mitchell Services into the decarbonisation sector, offering growth opportunities and strengthening its market position. The partnership with Sumitomo, a global leader in business investment, is expected to accelerate Loop’s growth and enhance its service offerings, particularly in helping mining operations comply with emissions regulations. This move is poised to impact stakeholders by providing innovative decarbonisation solutions and expanding the company’s operational capabilities.

The most recent analyst rating on (AU:MSV) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Mitchell Services Limited stock, see the AU:MSV Stock Forecast page.

Mitchell Services Limited Releases 2025 Corporate Governance Statement
Aug 20, 2025

Mitchell Services Limited has released its corporate governance statement for the financial year ending June 30, 2025, confirming adherence to the ASX Corporate Governance Council’s principles. The statement, approved by the board, outlines the company’s compliance with governance recommendations, highlighting its commitment to transparency and accountability in its operations.

The most recent analyst rating on (AU:MSV) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Mitchell Services Limited stock, see the AU:MSV Stock Forecast page.

Mitchell Services Limited Announces 2025 Full-Year Financial Results
Aug 20, 2025

Mitchell Services Limited has released its full-year financial results for 2025, emphasizing its adherence to International Financial Reporting Standards (IFRS) and the use of non-IFRS performance measures such as EBITDA and ROIC to evaluate business performance. The company highlights the importance of these metrics in assessing operational success, while also cautioning investors about the inherent risks and uncertainties associated with forward-looking statements. Stakeholders are advised to consider their own financial situations and seek professional advice before making investment decisions based on this information.

The most recent analyst rating on (AU:MSV) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Mitchell Services Limited stock, see the AU:MSV Stock Forecast page.

Mitchell Services Reports Significant Financial Decline for FY2025
Aug 20, 2025

Mitchell Services Limited has reported a significant decline in its financial performance for the year ended 30 June 2025. The company experienced a 17% drop in revenue, a 36% decrease in EBITDA, and a 94% fall in profit after tax compared to the previous year. These results indicate a challenging period for the company, impacting its financial stability and potentially affecting its market position and stakeholder confidence.

The most recent analyst rating on (AU:MSV) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Mitchell Services Limited stock, see the AU:MSV Stock Forecast page.

Mitchell Services Schedules AGM and Director Elections
Aug 15, 2025

Mitchell Services Limited has announced that its Annual General Meeting will take place on October 15, 2025, in Brisbane. A key agenda item will be the election of directors, with the deadline for director nominations set for August 27, 2025. This meeting is significant for stakeholders as it will shape the company’s leadership and potentially influence its strategic direction.

The most recent analyst rating on (AU:MSV) stock is a Buy with a A$0.55 price target. To see the full list of analyst forecasts on Mitchell Services Limited stock, see the AU:MSV Stock Forecast page.

Mitchell Services to Release FY25 Results with Analyst Webinar
Aug 14, 2025

Mitchell Services Limited has announced that it will release its FY25 full year results on 21 August 2025, followed by an analyst briefing via a webinar. This announcement is significant for stakeholders as it provides an opportunity to gain insights into the company’s financial performance and strategic direction.

The most recent analyst rating on (AU:MSV) stock is a Buy with a A$0.55 price target. To see the full list of analyst forecasts on Mitchell Services Limited stock, see the AU:MSV Stock Forecast page.

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.Date of analysis: Nov 06, 2025