1. Australia Stocks

  2. •

    Industrial services

  3. •

    Contract drilling
Mitchell Services Limited

Mitchell Services Limited

0.61
AUD
+0.01
(+1.67%)
0.07EPS
6.76P/E
103.04MMarket Cap
Feb 25Next Earn
Mitchell Services Limited
ASX:MSV
(Australian Securities Exchange)

Recent

price

0.61

P/E

ratio

6.76

div

yld

6.56%

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
AUD
1.41
0.97
0.39
0.33
0.22
0.26
0.43
0.68
0.91
0.94
0.96
1.1
1.1
0.92
0.98
Revenue per Share
- -
-0.07
-0.13
-0.22
-0.04
-0.03
-0.01
0.1
0.04
-0.03
- -
0.03
0.04
- -
0.07
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
0.02
- -
- -
- -
- -
- -
- -
- -
0.01
0.01
- -
- -
0.04
0.02
0.04
Dividend per Share
0.48
0.41
0.3
0.17
0.12
0.1
0.12
0.21
0.28
0.25
0.27
0.31
0.31
0.29
0.32
Book Value per Share
0.42
0.41
0.2
0.17
0.12
0.1
0.12
0.21
0.23
0.22
0.24
0.28
0.28
0.26
0.29
Tangible Book Value per Share
26
27
36
76
146
152
167
176
192
203
221
222
215
213
212
Basic Weighted Avg Shares
36
26
14
25
33
40
72
120
175
191
213
243
237
197
207
Sales/Revenue/Turnover
3.88
5.09
-47.02
-34.91
-15.64
-8.68
-3.41
10.86
4.88
-3.23
0.05
3.13
4.77
0.27
9.09
Operating Margin (%)
3
3
3
3
5
5
8
10
22
30
31
29
26
24
21
Depreciation Expense
- -
-2
-5
-17
-6
-4
-2
17
7
-6
- -
8
9
1
15
Net Income, GAAP
22.4
- -
- -
- -
- -
- -
- -
- -
31.15
- -
- -
25.99
30.86
26.44
26.75
Effective Tax Rate (%)
0.19
-7.38
-32.75
-68.85
-18.54
-11.02
-3.23
14.53
4.1
-3.08
0.01
3.13
3.87
0.27
7.33
Profit Margin (%)
-3
-2
-4
-2
- -
-2
4
3
9
-3
-2
9
9
7
10
Working Capital
4
4
5
4
12
13
14
6
30
20
29
15
4
5
5
LT Debt
13
11
13
15
18
15
21
38
57
52
62
67
66
61
68
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
7.91
- -
- -
5.52
8.54
0.5
16.03
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
11.77
- -
- -
9.16
11.19
1.86
20.92
Return on Capital (%)
- -
-16.16
-38.89
-121.14
-36.41
-27.02
-13.12
59.25
15.16
-10.82
0.03
11.81
13.82
0.85
23.51
Return on Common Equity (%)

Capital Structure

AUD

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

AUD

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

AUD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.76%
6.21%
11.95%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
5,021.01%
10,273.38%
2,732.75%
Sales/Revenue/Turnover
23.59%
2.27%
5.48%
Total Cash Common Dividend
- -
- -
98.3%

Semi-annual Revenue

AUD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
237
2025
- -
- -
197
2026
- -
- -
207

Semi-annual Earnings Per Share

AUD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.04
2025
- -
- -
- -
2026
- -
- -
0.07

Semi-annual Dividends Per Share

AUD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.04
2025
- -
- -
0.02
2026
- -
- -
0.04
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Business
Mitchell Services Limited (ASX:MSV) provides drilling services to the exploration, mining, and energy industries primarily in Australia. The company offers surface and underground drilling solutions across all stages of the mining lifecycle, including grassroots exploration, project feasibility, mine site exploration and resource definition, development, production, closure, and remediation; its services encompass coal exploration, hard rock exploration, large diameter drilling, coal bed methane and coal mine methane exploration and production, directional drilling, geophysical wireline services, underground coal drilling, and drill and blast services. Operations utilize a fleet of approximately 100 rigs deployed in key mining centers throughout Queensland, New South Wales, Victoria, South Australia, and Western Australia, serving Tier 1 clients with multi-rig contracts that enhance operational flexibility and technical expertise. Founded in 1969 and headquartered in Seventeen Mile Rocks, Queensland, the company formerly operated as Drill Torque Limited before changing its name to Mitchell Services Limited in December 2013 following the acquisition of Mitchell Services Pty Ltd. Recent developments include sustained fleet expansion and operational enhancements, with the FY25 half-year results reflecting a transition period amid cyclical market conditions, alongside ongoing share buy-backs, quarterly investor updates, and a focus on free cash flow generation from reduced capital expenditure and long-term contracts.