Added to YB: 2024-08-19
Pitch date: 2024-08-16
MSV.AX [bullish]
Mitchell Services Limited
-15.68%
current return
Author Info
Company Info
Mitchell Services Limited, together with its subsidiaries, provides exploration, and mine site and geotechnical drilling services to the exploration, mining, and energy industries in Australia.
Market Cap
AUD 55.0M
Pitch Price
AUD 0.38
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.05
P/E
12.39
EV/Sales
0.29
Sector
Metals and Mining
Category
value
Mitchell Services Limited - $MSV.AX
MSV.AX: Largest driller in E. Australia, 90 rigs. Evolved from small to high-quality biz w/ specialized rigs, 90%+ Tier 1 clients. Avg 3yr contracts. Owner-operated (20% insider). FCF surge from reduced CapEx, 10% div yield. A$85M mkt cap, A$13M OP, A$26M FCF. Risks: cyclicality, rig count down. Upside: improved biz model, shareholder returns.
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