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MCS Services

ASX:MSG
Snowflake Description

Excellent balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MSG
ASX
A$3M
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

MCS Services Limited provides guard security and related services in Australia. The last earnings update was 46 days ago. More info.


Add to Portfolio Compare Print
  • MCS Services has significant price volatility in the past 3 months.
MSG Share Price and Events
7 Day Returns
0%
ASX:MSG
2.2%
AU Commercial Services
0%
AU Market
1 Year Returns
-5.9%
ASX:MSG
15%
AU Commercial Services
15.3%
AU Market
MSG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MCS Services (MSG) 0% -11.1% -30.4% -5.9% -44.8% -90.9%
AU Commercial Services 2.2% 3.1% -1.5% 15% 15.8% 38.7%
AU Market 0% 0.5% 4.7% 15.3% 21.6% 20.7%
1 Year Return vs Industry and Market
  • MSG underperformed the Commercial Services industry which returned 15% over the past year.
  • MSG underperformed the Market in Australia which returned 15.3% over the past year.
Price Volatility
MSG
Industry
5yr Volatility vs Market

Value

 Is MCS Services undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of MCS Services to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for MCS Services.

ASX:MSG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:MSG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.659 (1 + (1- 30%) (5.9%))
0.79
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.8 * 5.96%)
7.08%

Discounted Cash Flow Calculation for ASX:MSG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for MCS Services is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ASX:MSG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.08%)
2020 2.46 Est @ 81.97% 2.29
2021 3.88 Est @ 58.07% 3.39
2022 5.49 Est @ 41.35% 4.47
2023 7.11 Est @ 29.64% 5.41
2024 8.64 Est @ 21.44% 6.14
2025 10.00 Est @ 15.7% 6.63
2026 11.16 Est @ 11.68% 6.92
2027 12.16 Est @ 8.87% 7.03
2028 12.99 Est @ 6.9% 7.02
2029 13.71 Est @ 5.53% 6.92
Present value of next 10 years cash flows A$56.00
ASX:MSG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$13.71 × (1 + 2.31%) ÷ (7.08% – 2.31%)
A$294.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$294.25 ÷ (1 + 7.08%)10
A$148.47
ASX:MSG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$56.00 + A$148.47
A$204.47
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$204.47 / 187.54
A$1.09
ASX:MSG Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$1.09
Current discount Discount to share price of A$0.02
= -1 x (A$0.02 - A$1.09) / A$1.09
98.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price MCS Services is available for.
Intrinsic value
>50%
Share price is A$0.02 vs Future cash flow value of A$1.09
Current Discount Checks
For MCS Services to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • MCS Services's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • MCS Services's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for MCS Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MCS Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:MSG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.00
ASX:MSG Share Price ** ASX (2019-11-13) in AUD A$0.02
Australia Commercial Services Industry PE Ratio Median Figure of 12 Publicly-Listed Commercial Services Companies 18.07x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of MCS Services.

ASX:MSG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:MSG Share Price ÷ EPS (both in AUD)

= 0.02 ÷ 0.00

-15.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MCS Services is loss making, we can't compare its value to the AU Commercial Services industry average.
  • MCS Services is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does MCS Services's expected growth come at a high price?
Raw Data
ASX:MSG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -15.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Commercial Services Industry PEG Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 2.36x
Australia Market PEG Ratio Median Figure of 346 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for MCS Services, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on MCS Services's assets?
Raw Data
ASX:MSG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.00
ASX:MSG Share Price * ASX (2019-11-13) in AUD A$0.02
Australia Commercial Services Industry PB Ratio Median Figure of 27 Publicly-Listed Commercial Services Companies 2.46x
Australia Market PB Ratio Median Figure of 1,585 Publicly-Listed Companies 1.71x
ASX:MSG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:MSG Share Price ÷ Book Value per Share (both in AUD)

= 0.02 ÷ 0.00

4.07x

* Primary Listing of MCS Services.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MCS Services is overvalued based on assets compared to the AU Commercial Services industry average.
X
Value checks
We assess MCS Services's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. MCS Services has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is MCS Services expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as MCS Services has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MCS Services expected to grow at an attractive rate?
  • Unable to compare MCS Services's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare MCS Services's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare MCS Services's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:MSG Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 11%
Australia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:MSG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:MSG Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 24 1 0
2019-03-31 23 1 0
2018-12-31 21 1 0
2018-09-30 20 0 0
2018-06-30 19 0 -1
2018-03-31 19 0 -1
2017-12-31 18 0 -1
2017-09-30 18 0 0
2017-06-30 18 0 0
2017-03-31 18 0 0
2016-12-31 18 0 -1
2016-09-30 15 0 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if MCS Services is high growth as no earnings estimate data is available.
  • Unable to determine if MCS Services is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:MSG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from MCS Services Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MSG Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.00
2019-03-31 0.00
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if MCS Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine MCS Services's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. MCS Services's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. MCS Services's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess MCS Services's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
MCS Services has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has MCS Services performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare MCS Services's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • MCS Services does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare MCS Services's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare MCS Services's 1-year growth to the AU Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
MCS Services's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from MCS Services Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MSG Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 23.56 -0.20 3.97
2019-03-31 22.52 -0.23 3.93
2018-12-31 21.49 -0.26 3.87
2018-09-30 20.30 -0.47 3.99
2018-06-30 19.12 -0.68 4.11
2018-03-31 18.65 -0.76 3.86
2017-12-31 18.19 -0.84 3.62
2017-09-30 18.14 -0.19 3.36
2017-06-30 18.10 0.46 3.11
2017-03-31 18.05 -0.11 3.16
2016-12-31 17.99 -0.67 3.22
2016-09-30 14.91 -3.29 2.92
2016-06-30 11.83 -5.91 2.62
2016-03-31 7.46 -5.46 1.75
2015-12-31 3.09 -5.01 0.89
2015-09-30 1.54 -3.73 0.80
2015-06-30 -2.46 0.71
2015-03-31 -2.78 0.99
2014-12-31 -3.10 1.28
2014-09-30 -4.57 1.28
2014-06-30 -6.04 1.29
2014-03-31 -5.80 1.10
2013-12-31 -5.55 0.91
2013-09-30 -3.26 0.94
2013-06-30 -0.97 0.97
2013-03-31 -0.91 0.94
2012-12-31 -0.85 0.91

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if MCS Services has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if MCS Services has efficiently used its assets last year compared to the AU Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if MCS Services improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess MCS Services's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
MCS Services has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is MCS Services's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up MCS Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MCS Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • MCS Services's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of MCS Services's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 29.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from MCS Services Company Filings, last reported 4 months ago.

ASX:MSG Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 0.74 0.18 2.10
2019-03-31 0.74 0.18 2.10
2018-12-31 0.70 0.17 0.70
2018-09-30 0.70 0.17 0.70
2018-06-30 0.97 0.28 0.84
2018-03-31 0.97 0.28 0.84
2017-12-31 0.96 0.30 0.35
2017-09-30 0.96 0.30 0.35
2017-06-30 1.65 0.29 1.19
2017-03-31 1.65 0.29 1.19
2016-12-31 1.80 0.35 0.65
2016-09-30 1.80 0.35 0.65
2016-06-30 1.73 0.00 2.35
2016-03-31 1.73 0.00 2.35
2015-12-31 3.00 0.00 2.12
2015-09-30 3.00 0.00 2.12
2015-06-30 1.31 0.00 1.22
2015-03-31 1.31 0.00 1.22
2014-12-31 0.52 0.00 0.53
2014-09-30 0.52 0.00 0.53
2014-06-30 2.60 0.00 2.07
2014-03-31 2.60 0.00 2.07
2013-12-31 0.57 0.00 0.02
2013-09-30 0.57 0.00 0.02
2013-06-30 5.27 0.00 0.77
2013-03-31 5.27 0.00 0.77
2012-12-31 4.59 0.00 1.01
  • MCS Services's level of debt (24%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if MCS Services's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making MCS Services has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making MCS Services has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -83.6% per year.
X
Financial health checks
We assess MCS Services's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. MCS Services has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is MCS Services's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from MCS Services dividends.
If you bought A$2,000 of MCS Services shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate MCS Services's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate MCS Services's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:MSG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 2.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 391 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:MSG Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-28 0.000 0.000
2018-10-01 0.000 0.000
2018-09-03 0.000 0.000
2017-11-08 0.001 5.030
2016-11-01 0.003 13.035

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as MCS Services has not reported any payouts.
  • Unable to verify if MCS Services's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of MCS Services's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as MCS Services has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess MCS Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can MCS Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MCS Services has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of MCS Services's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Paul Simmons
COMPENSATION A$208,050
TENURE AS CEO 0.3 years
CEO Bio

Mr. Paul Robert Simmons has been Managing Director of MCS Services Limited since July 1, 2019 and serves as its Director. Mr. Simmons is the Chief Executive Officer at MCS Security Group Pty Ltd since November 1, 2015. He has a wealth of experience in the security sector and a track record in business growth, management, and developing lasting client relationships. He has completed an AICD corporate governance course. His career commenced as a Police Officer in the UK. He was later the Western Australia state security manager for a major national retailer for 12 years, leading to him becoming the founder and driving force of MCS Security Group Pty Ltd since its inception in 2005.

CEO Compensation
  • Paul's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Paul's remuneration is lower than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the MCS Services management team in years:

2.8
Average Tenure
  • The tenure for the MCS Services management team is about average.
Management Team

Paul Simmons

TITLE
MD & Director
COMPENSATION
A$208K
TENURE
0.3 yrs

Mark Englebert

TITLE
Chief Financial Officer
COMPENSATION
A$187K
TENURE
3.5 yrs

Jonathan Asquith

TITLE
Company Secretary
COMPENSATION
A$30K
AGE
63
TENURE
2.8 yrs

Miguel Huarachi

TITLE
Project Chief
Board of Directors Tenure

Average tenure of the MCS Services board of directors in years:

2.7
Average Tenure
  • The average tenure for the MCS Services board of directors is less than 3 years, this suggests a new board.
Board of Directors

Bob Kucera

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$35K
TENURE
3.8 yrs

Paul Simmons

TITLE
MD & Director
COMPENSATION
A$208K
TENURE
0.3 yrs

Matthew Ward

TITLE
Independent Non-Executive Director
COMPENSATION
A$30K
TENURE
3 yrs

Geoff Martin

TITLE
Independent Non-Executive Director
COMPENSATION
A$30K
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
12. Aug 19 Buy Capital H Management Pty Ltd Company 05. Aug 19 09. Aug 19 3,179,221 A$0.02 A$75,114
02. Aug 19 Buy Capital H Management Pty Ltd Company 13. May 19 01. Aug 19 16,000,000 A$0.02 A$296,974
07. Jun 19 Buy Paul Simmons Individual 04. Jun 19 06. Jun 19 915,000 A$0.01 A$13,175
31. May 19 Buy Bull Equities Pty Ltd Company 27. May 19 29. May 19 2,293,204 A$0.01 A$32,105
27. May 19 Buy Gabriel Hewitt Individual 03. Sep 18 30. Apr 19 7,500,000 A$0.02 A$113,684
27. May 19 Buy Bull Equities Pty Ltd Company 08. May 19 09. May 19 3,500,000 A$0.01 A$49,001
03. May 19 Sell Westferry Road Pty Ltd Company 29. Apr 19 29. Apr 19 -1,000,000 A$0.02 A$-15,000
03. May 19 Sell Three Hundred Capital Pty Ltd Company 29. Apr 19 29. Apr 19 -9,000,000 A$0.02 A$0
16. Apr 19 Buy Westferry Road Pty Ltd Company 11. Apr 19 11. Apr 19 1,000,000 A$0.01 A$12,000
16. Apr 19 Buy Three Hundred Capital Pty Ltd Company 04. Apr 19 11. Apr 19 3,000,000 A$0.01 A$0
26. Mar 19 Buy Three Hundred Capital Pty Ltd Company 08. May 18 25. Mar 19 9,000,000 A$0.02 A$180,004
18. Mar 19 Sell Westferry Road Pty Ltd Company 04. Mar 19 14. Mar 19 -4,384,934 A$0.02 A$-78,931
18. Mar 19 Sell Three Hundred Capital Pty Ltd Company 13. Mar 19 14. Mar 19 -6,600,000 A$0.02 A$-118,804
05. Mar 19 Buy Westferry Road Pty Ltd Company 15. Jan 19 01. Mar 19 1,640,188 A$0.00 A$4,423
05. Mar 19 Buy Three Hundred Capital Pty Ltd Company 11. Jan 19 25. Feb 19 1,600,000 A$0.00 A$4,264
08. Jan 19 Buy Westferry Road Pty Ltd Company 01. Oct 18 27. Dec 18 2,045,361 A$0.02 A$9,717
X
Management checks
We assess MCS Services's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. MCS Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Are Insiders Buying MCS Services Limited (ASX:MSG) Stock?

So shareholders might well want to know whether insiders have been buying or selling shares in MCS Services Limited (ASX:MSG). … Check out our latest analysis for MCS Services The Last 12 Months Of Insider Transactions At MCS Services In the last twelve months, the biggest single purchase by an insider was when insider Gabriel Hewitt bought AU$114k worth of shares at a price of AU$0.015 per share. … Insider Ownership of MCS Services For a common shareholder, it is worth checking how many shares are held by company insiders.

Simply Wall St -

Investors Who Bought MCS Services (ASX:MSG) Shares Five Years Ago Are Now Down 95%

While not a mind-blowing move, it is good to see that the MCS Services Limited (ASX:MSG) share price has gained 21% in the last three months. … See our latest analysis for MCS Services Given that MCS Services didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … When a company doesn't make profits, we'd generally expect to see good revenue growth.

Simply Wall St -

Our Take On MCS Services Limited's (ASX:MSG) CEO Salary

Check out our latest analysis for MCS Services How Does Paul Simmons's Compensation Compare With Similar Sized Companies? … Our data indicates that MCS Services Limited is worth AU$2.8m, and total annual CEO compensation is AU$220k. … With a three year total loss of 54%, MCS Services Limited would certainly have some dissatisfied shareholders.

Simply Wall St -

Are MCS Services Limited's (ASX:MSG) Interest Costs Too High?

Investors are always looking for growth in small-cap stocks like MCS Services Limited (ASX:MSG), with a market cap of AU$2.8m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

Introducing MCS Services, The Stock That Collapsed 95%

For example, we sympathize with anyone who was caught holding MCS Services Limited (ASX:MSG) during the five years that saw its share price drop a whopping 95%. … When a company doesn't make profits, we'd generally expect to see good revenue growth. … That's because it's hard to be confident a company will be sustainable if revenue growth is negligible, and it never makes a profit.

Simply Wall St -

Is MCS Services Limited's (ASX:MSG) CEO Pay Justified?

Paul Simmons became the CEO of MCS Services Limited (ASX:MSG) in 2015. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Paul Simmons's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is MCS Services Limited's (ASX:MSG) Balance Sheet Strong Enough To Weather A Storm?

Investors are always looking for growth in small-cap stocks like MCS Services Limited (ASX:MSG), with a market cap of AU$2.7m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

What Kind Of Shareholder Owns Most MCS Services Limited (ASX:MSG) Stock?

A look at the shareholders of MCS Services Limited (ASX:MSG) can tell us which group is most powerful. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … With a market capitalization of AU$3.2m, MCS Services is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Does MCS Services Limited's (ASX:MSG) CEO Pay Reflect Performance?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Paul Simmons's Compensation Compare With Similar Sized Companies. … A first glance this seems like a real positive for shareholders, since Paul Simmons is paid less than the average compensation paid by similar sized companies.

Simply Wall St -

Is MCS Services Limited (ASX:MSG) A Financially Sound Company?

MCS Services Limited (ASX:MSG) is a small-cap stock with a market capitalization of AU$3.22m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

Company Info

Description

MCS Services Limited provides guard security and related services in Australia. It offers uniformed security at retail shopping centers, government offices, health facilities, commercial properties, construction and ancillary sites, sports stadiums, and outdoor events in the Perth metropolitan area and Western Australia. The company also provides covert security, mobile patrol, and response vehicle services. In addition, it engages in supplying, installing, and commissioning of security alarms, CCTV, biometric, and access control systems to the commercial, industrial, and domestic sectors. MCS Services Limited was incorporated in 2006 and is headquartered in Joondalup, Australia.

Details
Name: MCS Services Limited
MSG
Exchange: ASX
Founded: 2006
A$3,000,712
187,544,557
Website: http://mcssecurity.com.au
Address: MCS Services Limited
3/108, Winton Road,
Joondalup,
Western Australia, 6027,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MSG Ordinary Shares Australian Securities Exchange AU AUD 15. Dec 2011
CHIA MSG Ordinary Shares Chi-X Australia AU AUD 15. Dec 2011
Number of employees
Current staff
Staff numbers
500
MCS Services employees.
Industry
Security and Alarm Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/15 10:35
End of day share price update: 2019/11/13 00:00
Last earnings filing: 2019/09/30
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.