Added to YB: 2024-09-09
Pitch date: 2024-09-07
MSV.AX [bullish]
Mitchell Services Limited
-13.51%
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 0.37
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
This is not a drill
MSV.AX: Largest East Coast mine-site driller. Transformed to 88% Tier 1 clients, 45% underground drilling. New capital strategy: deleveraging, 75%+ dividend payout, buybacks. 70% of market cap returned in 2 years. Trading at 20-35% normalized FCF yield. Risks: cycle uncertainty, client concentration. Management aligned, proven track record.
Read full article (17 min)