Professional
Added to YB: 2024-04-05
Pitch date: 2024-03-20
MSV.AX [bullish]
Mitchell Services Limited
-11.24%
current return
Author Info
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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 0.36
Price Target
1.45 (+353%)
Dividend
N/A
EV/EBITDA
2.05
P/E
12.39
EV/Sales
0.29
Sector
Metals and Mining
Category
dividend
Mitchell Services is a Potential 4-Bagger Hidden by a Tax Write-off Scheme
MSV.AX: Aussie drilling services co, 90% major miners. 55% surface/45% underground, diversified commodity mix. Instant write-off scheme boosting FCF, 0 taxes till '26. Focus on cash return vs growth, 12% div. Trades at 2x FCF w/ $1.45 PT on 8x multiple. Aligned mgmt, 30% insider owned.
Read full article (6 min)