MITCHELL SERVICES LIMITED (MSV)
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MSV

MSV - MITCHELL SERVICES LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 0.44
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.30

28 Nov
2025

0.000

OPEN

$0.30

0.000

HIGH

$0.30

183,934

LOW

$0.29

TARGET
$0.45 50.0% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . DNL . DOW . EHL . GNG . IMD . IPG . LBL . LYL . MAD . MAH . MIN . MLG . MND . MYE . NWH . ORI . PRN . RAN . RCR . RUL . SGH . SRG . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
MSV: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 0.3 3.7 xxx
DPS (cps) xxx 0.0 2.7 xxx
EPS Growth xxx - 94.1% 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 8.1 xxx
Dividend Yield xxx N/A 9.0% xxx
Div Pay Ratio(%) xxx N/A 73.0% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 28/02 - ex-div 2c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx0.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx196.7 M
Book Value Per Share xxxxxxxxxxxxxxx28.8
Net Operating Cash Flow xxxxxxxxxxxxxxx17.9 M
Net Profit Margin xxxxxxxxxxxxxxx0.27 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx0.85 %
Return on Invested Capital xxxxxxxxxxxxxxx0.79 %
Return on Assets xxxxxxxxxxxxxxx0.45 %
Return on Equity xxxxxxxxxxxxxxx0.85 %
Return on Total Capital xxxxxxxxxxxxxxx0.68 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-6.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx6 M
Long Term Debt xxxxxxxxxxxxxxx5 M
Total Debt xxxxxxxxxxxxxxx11 M
Goodwill - Gross xxxxxxxxxxxxxxx6 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1 M
Price To Book Value xxxxxxxxxxxxxxx0.80

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx20.0 M
Capex % of Sales xxxxxxxxxxxxxxx10.16 %
Cost of Goods Sold xxxxxxxxxxxxxxx162 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx34 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

19/11/2025

1

Speculative Buy

$0.45

50.00%

Morgans notes Mitchell Services' average operating rigs fell to 62 in 1Q26 from 65 the quarter before, but higher productivity led to doubling EBITDA and margins expansion.

Productivity improved to 85% from 73% over four quarters, while margins improved to 22% from 15%. The improvement reflects a smaller operating fleet generating more revenue per rig.

The broker highlights the company's balance sheet has strengthened sharply, with net debt falling -93% to $0.9m. Expectations are for stronger earnings in FY26, higher margins, solid free cash flow and a potential dividend restart.

Speculative Buy. Target unchanged at 45c.

Coverage transferred to Chris Creech.

FORECAST
Morgans forecasts a full year FY26 dividend of 2.70 cents and EPS of 3.70 cents.
Morgans forecasts a full year FY27 dividend of 3.10 cents and EPS of 4.20 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
Access Extra Coverage Research History >

MSV STOCK CHART

FNArena News on MSV

1
Rudi’s View: Extreme Bifurcation Ahead Of August

Jul 23 2025 - Rudi's View
2
FNArena Corporate Results Monitor – 25-02-2025

Feb 25 2025 - Australia
3
In Brief: Light & Wonder, Codan, Mitchell Services & More

Sep 27 2024 - Weekly Reports
4
FNArena Corporate Results Monitor – 28-08-2024

Aug 28 2024 - Australia
5
FNArena Corporate Results Monitor – 23-02-2024

Feb 23 2024 - Australia

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