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Home CompaniesMitchell Services Ltd

Mitchell Services Ltd

Basic Materials Other Industrial Metals & Mining
PortfolioPortfolio WatchlistWatchlist
Company price
0.665 AUD -0.01 ( 1.48%)
Last update at 2026-11-12T05:21:00Z
VOLUME
721376
Market Cap
137.03M
P/E
9.21

Momentum Score

…

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. The company provides drilling services, such as greenfield exploration, project feasibility, mine site exploration and resource definition, development, and production, as well as decarbonisation solutions. It also offers surface drilling services, including diamond coring, directional, mud rotary, mine services, mineral performance drilling (MPD), geotechnical, and reverse circulation services. In addition, it provides underground drilling services comprising diamond coring, directional, underground in seam, mine services, and geotechnical. The company was formerly known as Drill Torque Limited and changed its name to Mitchell Services Limited in December 2013. Mitchell Services Limited was founded in 1969 and is headquartered in Seventeen Mile Rocks, Australia.

Source: TradingView
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Day Price Range
0.66
Low
0.68
High
52 Week Price Range
0.26
Low
0.69
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Mitchell Services Ltd provides integrated maintenance, construction, fabrication and well-site services to oil and gas and mining operators in Australia, including shutdowns, commissioning and operational support. Long-term growth drivers include recovery in resource-sector activity, greater outsourcing of lifecycle services and potential contract expansion or geographic diversification, which may benefit revenue visibility and utilisation for a business focused on repeat, on-site project work.
Material risks include sensitivity to commodity-driven capital and maintenance cycles, client concentration and competitive tendering, execution risk on large projects and exposure to labour shortages and cost inflation.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.68
Dividend Yield
9.60%
Revenue TTM
209.67M
Revenue Per Share
0.99
Gross Profit TTM
85.22M
Debt / Equity
0.17
ROE
23.51%
Net Debt
-0.72M
ROCE
23.14%
Diluted EPS TTM
0.07

Stock Analysis

View All

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Income before tax 20.76M 0.73M 13.27M 10.28M -0.56M
Net income 15.21M 0.54M 9.17M 7.61M 0.02M
Selling general administrative - 0.91M 124.95M 127.87M 115.40M
Selling and marketing expenses - 2.94M 3.19M 3.32M 3.19M
Gross profit 49.53M 71.96M 85.59M 214.34M 187.05M
Reconciled depreciation - 23.86M 25.75M 28.53M 30.80M
Ebit 18.85M 0.73M 14.79M 12.64M -1.07M
Ebitda 40.12M 23.97M 40.54M 41.17M 29.73M
Depreciation and amortization 21.27M 23.24M 25.75M 28.53M 30.80M
Operating income 18.85M 31.99M 11.52M 7.77M -2.30M
Other operating expenses 188.59M 164.85M 225.53M 81.79M 70.48M
Interest expense 0.88M 1.26M 1.52M 2.36M 1.91M
Tax provision - 0.19M 4.09M 2.67M -0.58M
Interest income - 1.35M 1.52M 2.36M 1.91M
Net interest income - -1.26M -1.52M -2.36M -1.91M
Income tax expense 5.55M 0.19M 4.09M 2.67M -0.58M
Total revenue 207.44M 196.84M 236.83M 243.14M 213.37M
Total operating expenses 30.68M 39.97M 198.47M 206.71M 189.38M
Cost of revenue 157.91M 124.88M 27.06M 28.81M 26.32M
Total other income expense net 1.91M -31.26M 1.75M 5.02M 3.68M
Net income from continuing ops - 0.54M 9.17M 7.61M 0.02M
Net income applicable to common shares - 0.54M 9.17M 7.61M 0.02M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total assets 129.04M 111.27M 127.41M 134.60M 143.29M
Intangible assets - - - 0.00M 1.10M
Other current assets 2.30M 13.92M 2.05M 0.03M 0.08M
Total liab 60.71M 50.24M 61.78M 67.50M 81.54M
Total stockholder equity 68.33M 61.04M 65.63M 67.10M 61.75M
Deferred long term liab - - - - 0.02M
Other current liab 28.16M 21.63M 20.88M 1.82M 2.34M
Common stock 74.70M 74.70M 75.55M 77.77M 80.24M
Capital stock - 74.70M - 77.77M 80.24M
Retained earnings -6.37M -13.67M -9.92M -10.67M -18.50M
Other liab - - - 4.73M 1.79M
Good will 5.76M 5.76M 5.76M 5.76M 5.76M
Other assets - - - 0.00M 0.02M
Cash 12.14M 1.35M 16.03M 11.11M 3.74M
Cash and equivalents - - - 11.11M 3.74M
Total current liabilities 47.60M 38.63M 48.54M 47.45M 51.01M
Current deferred revenue - - - 19.38M 17.27M
Net debt -0.72M 9.42M 3.63M 19.36M 41.20M
Short term debt 6.45M 5.58M 15.30M 15.14M 16.20M
Short long term debt - - - 3.20M 3.20M
Short long term debt total 11.42M 10.77M 19.66M 30.47M 44.94M
Other stockholder equity - - -0.00M -67.10M -61.75M
Property plant equipment - - - 72.07M 87.20M
Total current assets 57.25M 45.35M 57.47M 56.78M 49.21M
Long term investments - 0.06M - - -
Net tangible assets - - - 61.34M 54.89M
Short term investments - 0.06M - 0.05M 0.04M
Net receivables 32.03M 16.45M 29.60M 34.55M 36.00M
Long term debt - - - 1.33M 4.53M
Inventory 10.78M 13.58M 9.78M 8.85M 7.24M
Accounts payable 12.99M 11.42M 12.35M 11.12M 15.19M
Non currrent assets other - - - -77.82M 0.02M
Non current assets total 71.79M 65.93M 69.94M 77.82M 94.08M
Capital lease obligations - 10.77M - 25.93M 37.21M
Long term debt total - - - 15.32M 28.74M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Investments - -18.02M -10.26M -8.06M -19.43M
Change to liabilities - - - -2.78M -2.97M
Total cashflows from investing activities -13.96M -18.02M -10.26M -8.06M -19.43M
Net borrowings - -9.47M -16.95M -17.74M -13.06M
Total cash from financing activities -12.62M -14.60M -27.93M -20.20M -3.28M
Change to operating activities - - - 4.40M 3.24M
Net income 15.21M 0.54M 9.17M 7.61M 0.02M
Change in cash 10.80M -14.69M 4.93M 7.37M -0.49M
Begin period cash flow 1.35M 16.03M 11.11M 3.74M 4.24M
End period cash flow 12.14M 1.35M 16.03M 11.11M 3.74M
Total cash from operating activities 37.38M 17.92M 43.12M 35.63M 22.22M
Issuance of capital stock - - - - 10.50M
Depreciation 21.27M 23.86M 25.75M 28.53M 30.80M
Other cashflows from investing activities - 1.96M 3.57M 3.46M 0.31M
Dividends paid 8.48M -4.28M -8.76M - -4.83M
Change to inventory 2.80M -3.80M -0.94M -1.61M -1.97M
Change to account receivables -3.37M 0.94M 5.02M 1.46M -4.47M
Sale purchase of stock - -0.85M -2.22M -2.47M -0.72M
Other cashflows from financing activities - - -10.26M -8.06M 6.37M
Change to netincome - - - -1.98M -2.43M
Capital expenditures 18.85M 19.97M 13.83M 11.52M 19.74M
Change in working capital 2.91M -3.41M 7.04M -0.15M -6.44M
Stock based compensation - -0.00M 0.33M 0.21M 0.13M
Other non cash items -2.00M -3.06M 0.82M -0.51M -8.60M
Free cash flow 18.54M -2.05M 29.28M 24.11M 2.48M

Peer Comparison*

Sector: Basic Materials Industry: Other Industrial Metals & Mining

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
MSV
Mitchell Services Ltd		 -0.01
1.48%		 0.67 9.21 - 0.65 1.94 0.64 3.08
BHP
BHP Group Ltd		 -0.78
1.29%		 59.61 20.70 15.82 5.10 4.00 3.51 6.71
RIO
Rio Tinto Ltd		 -3.30
2.14%		 150.57 14.04 12.02 4.03 2.49 2.85 6.74
GLC
Glencore Plc		 0.27
2.69%		 10.30 15.15 11.30 0.38 1.95 0.40 7.60
FMG
Fortescue Ltd		 -0.37
2.40%		 15.05 11.31 13.61 2.81 1.51 1.87 4.32

Profile*

Mitchell Services Ltd

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. The company provides drilling services, such as greenfield exploration, project feasibility, mine site exploration and resource definition, development, and production, as well as decarbonisation solutions. It also offers surface drilling services, including diamond coring, directional, mud rotary, mine services, mineral performance drilling (MPD), geotechnical, and reverse circulation services. In addition, it provides underground drilling services comprising diamond coring, directional, underground in seam, mine services, and geotechnical. The company was formerly known as Drill Torque Limited and changed its name to Mitchell Services Limited in December 2013. Mitchell Services Limited was founded in 1969 and is headquartered in Seventeen Mile Rocks, Australia.

112 Bluestone Circuit, Seventeen Mile Rocks, QLD, Australia, 4073

61 7 3722 7222

https://www.mitchellservices.com.au

577

Name Title Year Born
Mr. Nathan Andrew Mitchell Exec. Chairman NA
Mr. Andrew Michael Elf B.Com., M.B.A., B.Com, CPA, MBA, GAICD, FCPA Chief Exec. Officer NA
Mr. Peter Richard Miller Founder & Non-Exec. Director NA
Mr. Gregory Michael Switala BCom (Hons), CA Company Sec. & CFO NA
Mr. Scott David Tumbridge Exec. Director NA
Mr. Nicholas Shaw M.B.A. Gen. Mang. of Operations NA
Mr. Nigel White Gen. Counsel NA
Mr. Josh Bryant B.Sc. Gen. Mang. of People, Risk & Sustainability NA
Mr. Don Macdonald Chief Exec. Officer of Deepcore Drilling NA
Mr. Nathan Andrew Mitchell Executive Chairman NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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