Mitchell Services Limited (MSV) AI Stock Analysis

• Market Cap: AU$63.59M
• Dividend Yield: 20.97%
• Average Volume (3M): 230.49K
• Price to Earnings (P/E): 14.0
• Beta (1Y): 0.14
• Revenue Growth: -12.27%
• EPS Growth: -59.89%
• Country: AU
• Employees: 663
• Sector: Basic Materials
• Sector Strength: 68
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 211,962,400
• 10 Day Avg. Volume: 214,504
• 30 Day Avg. Volume: 230,486
• PEG Ratio: -0.27
• Price to Book (P/B): 1.03
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 6.34
• 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: AU$0.45
• Price Target Upside: 55.17% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 74 Outperform
• Price Target: AU$0.50 ▲(72.41%Upside)

The overall stock score for Mitchell Services Limited reflects its strong financial health and attractive valuation. Solid profitability, efficient cash flow management, and a high dividend yield are key strengths. Moderate bullish technical indicators also contribute positively, although not as significantly as the financial and valuation factors.

Mitchell Services Limited Business Overview & Revenue Model

Company Description

Mitchell Services Limited, together with its subsidiaries, provides exploration and mine site drilling services to the exploration, mining, and energy industries in Australia. The company's drilling services include greenfield exploration, project feasibility, mine site exploration and resource definition, development, and production. It also provides coal exploration, mineral exploration, mine services, underground coal drilling, and drill and blast services. The company was formerly known as Drill Torque Limited and changed its name to Mitchell Services Limited in December 2013. Mitchell Services Limited was founded in 1969 and is headquartered in Seventeen Mile Rocks, Australia.

How the Company Makes Money

Mitchell Services Limited generates revenue primarily through contracts with mining companies that require drilling services. The company earns money by providing exploration drilling, which helps mining companies locate mineral deposits, as well as production drilling, which involves drilling for the extraction of minerals. MSV also offers technical drilling services that support the development of mining projects. Key revenue streams include long-term contracts with major mining corporations and partnerships that enhance their service offerings. Factors such as commodity demand and mining industry investments significantly impact their earnings.

Mitchell Services Limited Financial Statement Overview

Summary

Mitchell Services Limited shows strong financial health with solid profitability, a stable balance sheet, and efficient cash flow management. Despite a slight recent revenue decrease, the company maintains favorable profit margins and cash flow metrics.

Income Statement

Mitchell Services Limited has demonstrated solid profitability with a consistent gross profit margin and a favorable net profit margin. Revenue growth over the years reflects an upward trend, although recent figures show a slight decrease. The company maintains a healthy EBIT and EBITDA margin, indicating efficient operational management.

Balance Sheet

The company's balance sheet exhibits moderate leverage with a manageable debt-to-equity ratio. Return on equity shows improvement, indicating effective use of shareholder funds. The equity ratio suggests a stable financial position, supported by a healthy proportion of equity in total assets.

Cash Flow

Mitchell Services exhibits strong cash flow management, with significant free cash flow growth. The operating cash flow to net income ratio is robust, highlighting efficient cash generation from operations. The free cash flow to net income ratio further indicates the company's capability to convert income into cash effectively.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	236.83M	243.14M	213.37M	191.38M	175.49M
Gross Profit	46.01M	44.06M	27.89M	32.11M	34.73M
EBITDA	40.54M	41.17M	32.01M	25.31M	34.71M
Net Income	9.17M	7.61M	15.56K	-5.90M	7.20M
Balance Sheet
Total Assets	127.41M	134.60M	143.29M	126.75M	142.04M
Cash, Cash Equivalents and Short-Term Investments	16.03M	11.11M	3.74M	4.24M	11.91M
Total Debt	19.66M	32.28M	47.28M	39.59M	48.96M
Total Liabilities	61.78M	67.50M	81.54M	75.14M	84.58M
Stockholders Equity	65.63M	67.10M	61.75M	51.61M	57.46M
Cash Flow
Free Cash Flow	29.28M	24.11M	2.48M	3.91M	13.13M
Operating Cash Flow	43.12M	35.63M	22.22M	30.06M	30.75M
Investing Cash Flow	-10.26M	-8.06M	-19.43M	-24.48M	-26.61M
Financing Cash Flow	-27.93M	-20.20M	-3.28M	-13.25M	6.17M

Mitchell Services Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.29
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MSV, the sentiment is Positive. The current price of 0.29 is above the 20-day moving average (MA) of 0.27, above the 50-day MA of 0.27, and below the 200-day MA of 0.31, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 56.01 is Neutral, neither overbought nor oversold. The STOCH value of 49.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MSV.

Mitchell Services Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MSV	74 Outperform	AU$63.59M	13.95	7.31%	20.97%	-12.27%	-59.89%
E25	49 Neutral	AU$53.72M	―	-16.88%	―	-67.72%	65.78%
GBR	47 Neutral	AU$57.99M	―	-57.60%	―	―	-300.00%
TGN	46 Neutral	AU$65.59M	―	-21.23%	―	―	-64.00%
Sector *	44 Neutral	AU$1.45B	-5.90	-41.37%	4.07%	-3.45%	-43.04%
CZR	43 Neutral	AU$55.70M	4.38	-89.23%	―	―	-297.36%
MHK	35 Underperform	AU$43.19M	―	-140.25%	―	―	-177.64%

Mitchell Services Limited Corporate Events

Mitchell Services Limited Announces FY25 Q4 Investor Update and Webinar

Mitchell Services Limited has announced the release of its FY25 Q4 quarterly investor update scheduled for 23 July 2025, followed by an analyst briefing webinar. This update and briefing aim to provide stakeholders with detailed insights into the company’s quarterly performance, potentially impacting its market positioning and stakeholder engagement.

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 Extends Share Buy-Back Program

Mitchell Services Limited has announced an extension of its current on-market share buy-back program, set to begin on July 15, 2025, and last for up to 12 months. During this period, the company plans to repurchase up to 10% of its fully paid ordinary shares, which could potentially enhance shareholder value and optimize capital management.

The most recent analyst rating on (AU:MSV) stock is a Buy with a A$0.45 price target. To see the full list of analyst forecasts on Mitchell Services Limited stock, see the AU:MSV Stock Forecast page.

Mitchell Services Extends Share Buy-Back Program

Mitchell Services Limited has announced an extension of its on-market share buy-back program, allowing the company to repurchase up to 10% of its fully paid ordinary shares over the next 12 months starting from July 15, 2025. This move is likely to impact the company’s stock performance and shareholder value, reflecting a strategic decision by the board to optimize capital management and potentially enhance shareholder returns.

The most recent analyst rating on (AU:MSV) stock is a Buy with a A$0.45 price target. To see the full list of analyst forecasts on Mitchell Services Limited stock, see the AU:MSV Stock Forecast page.

Mitchell Services Issues Unquoted Equity Securities to Boost Employee Incentives

Mitchell Services Limited announced the issuance of unquoted equity securities, including 488,122 performance rights and 1,624,973 options under an employee incentive scheme. This move is part of the company’s strategy to align employee interests with corporate goals, potentially enhancing operational performance and stakeholder value.

The most recent analyst rating on (AU:MSV) stock is a Buy with a A$0.45 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 Issues New Securities Under Employee Incentive Scheme

Mitchell Services Limited has announced the issuance of 475,249 fully paid ordinary securities, which are to be quoted on the ASX. This move is part of an employee incentive scheme, indicating the company’s commitment to rewarding its workforce and potentially enhancing its operational capabilities.

The most recent analyst rating on (AU:MSV) stock is a Buy with a A$0.45 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 Cessation of Securities

Mitchell Services Limited announced the cessation of certain securities, including the cancellation of 821,000 ordinary fully paid shares through an on-market buy-back and the lapse of 2,841,427 options due to unmet conditions. This move is part of the company’s capital management strategy, potentially impacting its financial structure and shareholder value.

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 Reports Strong Q3 Performance and Positive Outlook

Mitchell Services Limited reported strong financial performance for Q3 FY25, with quarterly revenue of $46.8 million and EBITDA of $5.3 million. Despite challenges such as wet weather delays and increased working capital requirements, the company expects continued growth in operating rig count and earnings from new projects. The Loop Decarbonisation business is performing above expectations, indicating positive future prospects.