Mitchell Services Limited (MSV) AI Stock Analysis

• Market Cap: AU$73.13M
• Dividend Yield: 13.79%
• Average Volume (3M): 311.03K
• Price to Earnings (P/E): 138.0
• Beta (1Y): 0.52
• Revenue Growth: -16.97%
• EPS Growth: -94.15%
• Country: AU
• Employees: 663
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): <0.01
• Shares Outstanding: 211,962,400
• 10 Day Avg. Volume: 704,274
• 30 Day Avg. Volume: 311,028
• PEG Ratio: -0.97
• Price to Book (P/B): 0.80
• Price to Sales (P/S): 0.25
• P/FCF Ratio: -23.83
• 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$0.50
• Price Target Upside: 47.06% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 51 Neutral
• Price Target: AU$0.50 ▲(47.06% Upside)

The overall stock score of 51 reflects significant financial challenges, including declining revenue and profitability, which are the most impactful factors. While technical indicators show bullish momentum, overbought conditions suggest caution. The high P/E ratio indicates overvaluation, further weighing down the score.

Mitchell Services Limited Business Overview & Revenue Model

Company Description

Mitchell Services Limited (MSV) is a leading provider of drilling services to the mining industry. The company operates across various sectors including coal, metals, and other minerals, offering a range of drilling solutions such as exploration, production, and technical drilling. MSV is committed to delivering high-quality services with a focus on safety, innovation, and efficiency.

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 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

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

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

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.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	196.84M	196.84M	236.83M	243.14M	213.37M	191.38M
Gross Profit	71.96M	71.96M	85.59M	44.06M	27.89M	32.11M
EBITDA	23.97M	23.97M	40.54M	41.17M	32.01M	25.31M
Net Income	536.87K	536.87K	9.17M	7.61M	15.56K	-5.90M
Balance Sheet
Total Assets	111.27M	111.27M	127.41M	134.60M	143.29M	126.75M
Cash, Cash Equivalents and Short-Term Investments	1.40M	1.40M	16.03M	11.11M	3.74M	4.24M
Total Debt	10.77M	10.77M	19.66M	32.28M	47.28M	39.59M
Total Liabilities	50.24M	50.24M	61.78M	67.50M	81.54M	75.14M
Stockholders Equity	61.04M	61.04M	65.63M	67.10M	61.75M	51.61M
Cash Flow
Free Cash Flow	-2.05M	-2.05M	29.28M	24.11M	2.48M	3.91M
Operating Cash Flow	17.92M	17.92M	43.12M	35.63M	22.22M	30.06M
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: Positive
• Last Price: 0.34
• 50DMA: Positive
• 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:MSV, the sentiment is Positive. The current price of 0.34 is above the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.29, and above the 200-day MA of 0.29, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 65.45 is Neutral, neither overbought nor oversold. The STOCH value of 51.93 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
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GBR	55 Neutral	AU$92.62M	―	-12.09%	―	―	81.03%
TGN	53 Neutral	AU$93.26M	―	-27.95%	―	―	-43.08%
MSV	51 Neutral	AU$73.13M	138.00	0.85%	13.79%	-16.97%	-94.15%
E25	48 Neutral	AU$100.68M	―	-10.46%	―	-85.84%	73.66%
CZR	43 Neutral	AU$80.89M	4.38	-103.22%	―	―	-278.88%
MHK	35 Underperform	AU$16.04M	―	-121.65%	―	―	-100.21%

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.