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Mills Estruturas e Serviços de Engenharia

OTCPK:MILT.Y
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MILT.Y
OTCPK
R$2B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Mills Estruturas e Serviços de Engenharia S.A. The last earnings update was 23 days ago. More info.


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MILT.Y Share Price and Events
7 Day Returns
0%
OTCPK:MILT.Y
-2.2%
US Trade Distributors
-1.4%
US Market
1 Year Returns
-
OTCPK:MILT.Y
15%
US Trade Distributors
14.5%
US Market
MILT.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mills Estruturas e Serviços de Engenharia (MILT.Y) 0% 0% 18.8% - 72.7% -
US Trade Distributors -2.2% -1.7% 11.8% 15% 19.8% 28.6%
US Market -1.4% 1.3% 4.6% 14.5% 35.7% 48.6%
1 Year Return vs Industry and Market
  • No trading data on MILT.Y.
  • No trading data on MILT.Y.
Price Volatility
MILT.Y
Industry
5yr Volatility vs Market

MILT.Y Value

 Is Mills Estruturas e Serviços de Engenharia 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 Mills Estruturas e Serviços de Engenharia 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 Mills Estruturas e Serviços de Engenharia.

OTCPK:MILT.Y 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 10.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 OTCPK:MILT.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 9.3%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.936 (1 + (1- 34%) (8.5%))
0.993
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.993 * 9.25%)
10.92%

Discounted Cash Flow Calculation for OTCPK:MILT.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mills Estruturas e Serviços de Engenharia 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.

OTCPK:MILT.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (BRL, Millions) Source Present Value
Discounted (@ 10.92%)
2020 83.18 Est @ 39.12% 74.99
2021 106.40 Est @ 27.91% 86.48
2022 127.74 Est @ 20.06% 93.60
2023 146.34 Est @ 14.56% 96.68
2024 162.02 Est @ 10.72% 96.50
2025 175.02 Est @ 8.02% 93.98
2026 185.77 Est @ 6.14% 89.92
2027 194.72 Est @ 4.82% 84.98
2028 202.30 Est @ 3.9% 79.60
2029 208.87 Est @ 3.25% 74.09
Present value of next 10 years cash flows R$870.00
OTCPK:MILT.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= R$208.87 × (1 + 1.74%) ÷ (10.92% – 1.74%)
R$2,314.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= R$2,314.74 ÷ (1 + 10.92%)10
R$821.06
OTCPK:MILT.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= R$870.00 + R$821.06
R$1,691.06
Equity Value per Share
(BRL)
= Total value / Shares Outstanding
= R$1,691.06 / 249.59
R$6.78
OTCPK:MILT.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:MILT.Y represents 0.26135x of BOVESPA:MILS3
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.26135x
Value per Share
(Listing Adjusted, USD)
= Value per Share (BRL) x Listing Adjustment Factor
= R$ 6.78 x 0.26135
$1.77
Value per share (USD) From above. $1.77
Current discount Discount to share price of $1.90
= -1 x ($1.90 - $1.77) / $1.77
-7.3%

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

  • The current share price of Mills Estruturas e Serviços de Engenharia is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Mills Estruturas e Serviços de Engenharia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mills Estruturas e Serviços de Engenharia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:MILT.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in BRL R$-0.16
BOVESPA:MILS3 Share Price ** BOVESPA (2019-11-05) in BRL R$7.27
United States of America Trade Distributors Industry PE Ratio Median Figure of 41 Publicly-Listed Trade Distributors Companies 16.99x
United States of America Market PE Ratio Median Figure of 2,924 Publicly-Listed Companies 18.23x

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

** Primary Listing of Mills Estruturas e Serviços de Engenharia.

OTCPK:MILT.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BOVESPA:MILS3 Share Price ÷ EPS (both in BRL)

= 7.27 ÷ -0.16

-44.93x

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

  • Mills Estruturas e Serviços de Engenharia is loss making, we can't compare its value to the US Trade Distributors industry average.
  • Mills Estruturas e Serviços de Engenharia is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Mills Estruturas e Serviços de Engenharia's expected growth come at a high price?
Raw Data
OTCPK:MILT.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -44.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Trade Distributors Industry PEG Ratio Median Figure of 33 Publicly-Listed Trade Distributors Companies 1.02x
United States of America Market PEG Ratio Median Figure of 2,045 Publicly-Listed Companies 1.45x

*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 Mills Estruturas e Serviços de Engenharia, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mills Estruturas e Serviços de Engenharia's assets?
Raw Data
OTCPK:MILT.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in BRL R$4.45
BOVESPA:MILS3 Share Price * BOVESPA (2019-11-05) in BRL R$7.27
United States of America Trade Distributors Industry PB Ratio Median Figure of 51 Publicly-Listed Trade Distributors Companies 1.64x
United States of America Market PB Ratio Median Figure of 5,086 Publicly-Listed Companies 1.77x
OTCPK:MILT.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BOVESPA:MILS3 Share Price ÷ Book Value per Share (both in BRL)

= 7.27 ÷ 4.45

1.63x

* Primary Listing of Mills Estruturas e Serviços de Engenharia.

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

  • Mills Estruturas e Serviços de Engenharia is good value based on assets compared to the US Trade Distributors industry average.
X
Value checks
We assess Mills Estruturas e Serviços de Engenharia'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. Mills Estruturas e Serviços de Engenharia has a total score of 1/6, 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.

MILT.Y Future Performance

 How is Mills Estruturas e Serviços de Engenharia 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 Mills Estruturas e Serviços de Engenharia 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
13.1%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mills Estruturas e Serviços de Engenharia expected to grow at an attractive rate?
  • Unable to compare Mills Estruturas e Serviços de Engenharia's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Mills Estruturas e Serviços de Engenharia's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Mills Estruturas e Serviços de Engenharia's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:MILT.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
United States of America Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
OTCPK:MILT.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in BRL Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:MILT.Y Future Estimates Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
OTCPK:MILT.Y Past Financials Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income *
2019-09-30 371 68 -31
2019-06-30 315 59 -44
2019-03-31 293 49 -74
2018-12-31 304 40 -95
2018-09-30 307 36 -147
2018-06-30 316 41 -137
2018-03-31 313 24 -130
2017-12-31 296 24 -138
2017-09-30 298 26 -137
2017-06-30 302 48 -136
2017-03-31 333 80 -121
2016-12-31 397 133 -99

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Mills Estruturas e Serviços de Engenharia is high growth as no earnings estimate data is available.
  • Unable to determine if Mills Estruturas e Serviços de Engenharia 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
OTCPK:MILT.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Mills Estruturas e Serviços de Engenharia Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MILT.Y Future Estimates Data
Date (Data in BRL Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
OTCPK:MILT.Y Past Financials Data
Date (Data in BRL Millions) EPS *
2019-09-30 -0.16
2019-06-30 -0.26
2019-03-31 -0.46
2018-12-31 -0.59
2018-09-30 -1.00
2018-06-30 -0.90
2018-03-31 -0.81
2017-12-31 -0.86
2017-09-30 -0.77
2017-06-30 -0.77
2017-03-31 -0.71
2016-12-31 -0.62

*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 Mills Estruturas e Serviços de Engenharia will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Mills Estruturas e Serviços de Engenharia'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. Mills Estruturas e Serviços de Engenharia'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 Capital Goods companies here
  3. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Mills Estruturas e Serviços de Engenharia's filings and announcements 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 Mills Estruturas e Serviços de Engenharia'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Mills Estruturas e Serviços de Engenharia 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.

MILT.Y Past Performance

  How has Mills Estruturas e Serviços de Engenharia 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 Mills Estruturas e Serviços de Engenharia's growth in the last year to its industry (Trade Distributors).
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.
  • Mills Estruturas e Serviços de Engenharia does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Mills Estruturas e Serviços de Engenharia's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Mills Estruturas e Serviços de Engenharia's 1-year growth to the US Trade Distributors industry average as it is not currently profitable.
Earnings and Revenue History
Mills Estruturas e Serviços de Engenharia'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 Mills Estruturas e Serviços de Engenharia Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MILT.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in BRL Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 371.37 -30.60 131.47
2019-06-30 314.67 -43.75 116.62
2019-03-31 292.65 -73.74 112.26
2018-12-31 304.19 -94.97 119.37
2018-09-30 306.83 -146.55 131.24
2018-06-30 316.39 -137.11 144.49
2018-03-31 312.75 -129.89 137.82
2017-12-31 296.28 -138.38 147.95
2017-09-30 298.24 -136.97 148.15
2017-06-30 302.09 -136.02 160.21
2017-03-31 332.65 -120.53 175.29
2016-12-31 396.62 -99.41 188.29
2016-09-30 449.47 -118.88 194.45
2016-06-30 499.78 -113.88 202.74
2016-03-31 542.30 -101.12 195.32
2015-12-31 576.11 -97.80 212.87
2015-09-30 630.11 -46.09 262.48
2015-06-30 685.14 -25.66 271.02
2015-03-31 750.24 15.92 286.44
2014-12-31 794.17 64.27 273.85
2014-09-30 822.33 117.32 230.73
2014-06-30 852.85 152.74 224.12
2014-03-31 851.66 163.91 216.71
2013-12-31 832.26 167.67 210.90
2013-09-30 809.72 159.09 187.71
2013-06-30 761.13 161.32 178.73
2013-03-31 705.64 155.42 169.00
2012-12-31 665.47 149.24 158.84

*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 Mills Estruturas e Serviços de Engenharia has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Mills Estruturas e Serviços de Engenharia has efficiently used its assets last year compared to the US Trade Distributors industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Mills Estruturas e Serviços de Engenharia 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 Mills Estruturas e Serviços de Engenharia'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 Trade Distributors 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.
Mills Estruturas e Serviços de Engenharia 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.

MILT.Y Health

 How is Mills Estruturas e Serviços de Engenharia'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 Mills Estruturas e Serviços de Engenharia's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mills Estruturas e Serviços de Engenharia is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mills Estruturas e Serviços de Engenharia's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mills Estruturas e Serviços de Engenharia'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.8x 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 Mills Estruturas e Serviços de Engenharia Company Filings, last reported 2 months ago.

OTCPK:MILT.Y Past Debt and Equity Data
Date (Data in BRL Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,111.30 96.63 109.80
2019-06-30 1,129.16 163.14 149.37
2019-03-31 741.45 184.74 77.42
2018-12-31 750.31 181.19 60.64
2018-09-30 730.29 180.77 50.06
2018-06-30 759.72 239.67 60.33
2018-03-31 803.23 305.15 84.06
2017-12-31 846.58 299.38 67.83
2017-09-30 901.08 300.08 59.57
2017-06-30 923.90 387.08 69.83
2017-03-31 959.83 456.67 338.93
2016-12-31 997.95 450.09 330.68
2016-09-30 1,026.40 452.85 322.56
2016-06-30 1,047.73 537.78 356.81
2016-03-31 1,070.36 631.06 423.53
2015-12-31 962.23 620.84 232.01
2015-09-30 1,016.74 620.53 192.51
2015-06-30 1,032.71 618.22 138.04
2015-03-31 1,038.61 712.05 214.02
2014-12-31 1,059.40 745.38 194.83
2014-09-30 1,074.12 746.18 161.06
2014-06-30 1,067.75 742.48 93.74
2014-03-31 1,048.78 632.08 8.46
2013-12-31 1,016.51 624.40 25.80
2013-09-30 984.91 582.69 45.74
2013-06-30 942.08 584.28 47.29
2013-03-31 901.94 608.73 162.55
2012-12-31 859.33 604.44 203.81
  • Mills Estruturas e Serviços de Engenharia's level of debt (8.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (68.5% vs 8.7% today).
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 Mills Estruturas e Serviços de Engenharia has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Mills Estruturas e Serviços de Engenharia has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 40.2% per year.
X
Financial health checks
We assess Mills Estruturas e Serviços de Engenharia'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. Mills Estruturas e Serviços de Engenharia has a total score of 6/6, 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.

MILT.Y Dividends

 What is Mills Estruturas e Serviços de Engenharia'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 Mills Estruturas e Serviços de Engenharia dividends.
If you bought $2,000 of Mills Estruturas e Serviços de Engenharia shares you are expected to receive $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 Mills Estruturas e Serviços de Engenharia's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mills Estruturas e Serviços de Engenharia'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
OTCPK:MILT.Y 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
United States of America Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1958 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:MILT.Y Future Dividends Estimate Data
Date (Data in R$) Dividend per Share (annual) Avg. No. Analysts
OTCPK:MILT.Y Past Annualized Dividends Data
Date (Data in R$) Dividend per share (annual) Avg. Yield (%)
2016-05-05 0.000 0.000
2016-03-09 0.000 0.000
2015-11-04 0.000 0.000
2015-08-05 0.000 0.000
2015-05-06 0.000 0.000
2015-03-11 0.000 0.000
2014-03-12 0.365 2.608
2013-03-05 0.330 1.090
2013-03-04 0.330 1.034
2012-02-13 0.170 0.619
2012-02-02 0.340 1.561
2011-11-10 0.300 1.738
2011-08-09 0.224 1.216
2011-08-08 0.224 1.278
2011-02-28 0.224 1.104
2011-02-25 0.224 1.211
2010-04-26 0.180 1.105

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

  • Unable to perform a dividend volatility check as Mills Estruturas e Serviços de Engenharia has not reported any payouts.
  • Unable to verify if Mills Estruturas e Serviços de Engenharia's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mills Estruturas e Serviços de Engenharia's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mills Estruturas e Serviços de Engenharia 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 Mills Estruturas e Serviços de Engenharia's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Mills Estruturas e Serviços de Engenharia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mills Estruturas e Serviços de Engenharia 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.

MILT.Y Management

 What is the CEO of Mills Estruturas e Serviços de Engenharia'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
Sergio Kariya
AGE 45
TENURE AS CEO 3.7 years
CEO Bio

Mr. Sergio Kariya has been President of Mills Estruturas e Serviços de Engenharia S.A. since April 26, 2016 and serves as its CEO. Mr. Kariya serves as Chairman of the Management Board at Mills Estruturas e Serviços de Engenharia S.A. He served as Chief Executive Officer at Mills Estruturas e Serviços de Engenharia S.A. since January 2015 and served as its Chief Executive, Administrative Financial & IR Officer since November 25, 2015 until May 4, 2016. Mr. Kariya served as the Chief Executive Officer of Mills Estruturas e Serviços de Engenharia S.A. and serves as its Member of Board of Executive Officers. Mr. Kariya served as Rental Business Unit Officer at Mills Estruturas e Servicos de Engenharia SA since 2008. He earned a Master's degree in Strategy from INSEAD in the year 2014. He earned a Master's degree in Finance from Insper in the year 2013. He attended Otis University in the year 2007 to 2008. He earned a MBA in General Administration from Ibmec Business School in the year 2001 to 2002. He earned a Degree in Marketing from Escola Superior de Propaganda e Marketing in the year 1998 to 1999. He earned a Degree in Industrial Engineering from Universidade de São Paulo in the year 1992 to 1997. He attended Colegio Bandeirantes in the year 1982 to 1991.

CEO Compensation
  • Insufficient data for Sergio to compare compensation growth.
  • Insufficient data for Sergio to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Mills Estruturas e Serviços de Engenharia management team in years:

1.8
Average Tenure
  • The average tenure for the Mills Estruturas e Serviços de Engenharia management team is less than 2 years, this suggests a new team.
Management Team

Sergio Kariya

TITLE
Chairman of Management Board
AGE
45
TENURE
3.7 yrs

James Oliver Carneiro

TITLE
CFO, IRO & Member of the Executive Board
TENURE
1.4 yrs

Ricardo De Gusmao

TITLE
Officer of Heavy Construction Division & Member of Board of Executive Officers
AGE
51

Daniel Brugioni

TITLE
Member of the Board of Executive Officers
TENURE
1.8 yrs

Kleber Racy

TITLE
Member of Board of Executive Officers

Eduardo Lema

TITLE
Member of Board of Executive Officers
Board of Directors Tenure

Average tenure and age of the Mills Estruturas e Serviços de Engenharia board of directors in years:

1.3
Average Tenure
61
Average Age
  • The average tenure for the Mills Estruturas e Serviços de Engenharia board of directors is less than 3 years, this suggests a new board.
Board of Directors

Elio Demier

TITLE
Co-Chairman
AGE
68
TENURE
1.7 yrs

Roberto Pedote

TITLE
Co-Chairman
TENURE
1.7 yrs

Rubens da Silva

TITLE
Chairman of the Fiscal Council
AGE
68
TENURE
0.7 yrs

Francisca Nacht

TITLE
Independent Director
AGE
48
TENURE
5.7 yrs

Eduardo Wurzmann

TITLE
Independent Director
AGE
54
TENURE
1.7 yrs

Ana Caltabiano

TITLE
Independent Director
TENURE
0.7 yrs

Diego Stark

TITLE
Director
TENURE
0.6 yrs

Juan Jorge Oxenford

TITLE
Director
TENURE
0.6 yrs

Jesper Andersen

TITLE
Director
TENURE
0.9 yrs

Rodrigo Rangel

TITLE
Member of Fiscal Council
TENURE
1.7 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 ($) Value ($)
X
Management checks
We assess Mills Estruturas e Serviços de Engenharia'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. Mills Estruturas e Serviços de Engenharia 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.

MILT.Y News

Simply Wall St News

MILT.Y Company Info

Description

Mills Estruturas e Serviços de Engenharia S.A. operates in the infrastructure, construction, and manufacturing industries in Brazil. It rents, sells, imports, and exports steel and aluminum tubular structures, and shoring and access equipment for construction works, as well as reusable concrete formworks; develops related engineering projects; and provides supervisory and optional assembly services. The company also sells, rents, and distributes aerial work platforms and telescopic handlers, and parts and components, as well as provides technical assistance and maintenance services for such equipment. In addition, it engages in the rental, assembly, and disassembling of access tubular scaffolding in industrial areas; and performance of industrial painting, sandblasting, heat insulation, and boilermaker and refractory services, as well as other related services. Mills Estruturas e Serviços de Engenharia S.A. was founded in 1952 and is based in Rio de Janeiro, Brazil.

Details
Name: Mills Estruturas e Serviços de Engenharia S.A.
MILT.Y
Exchange: OTCPK
Founded: 1952
R$429,264,640
249,587,578
Website: http://www.mills.com.br
Address: Mills Estruturas e Serviços de Engenharia S.A.
Estrada do Guerenguê, 1381,
Taquara,
Rio de Janeiro,
Rio de Janeiro, 22713-002,
Brazil
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BOVESPA MILS3 Common Shares Bolsa de Valores de Sao Paulo BR BRL 16. Apr 2010
OTCPK MILT.Y SPONSORED ADR Pink Sheets LLC US USD 21. Nov 2013
Number of employees
Current staff
Staff numbers
847
Mills Estruturas e Serviços de Engenharia employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/06 00:45
End of day share price update: 2019/11/05 00:00
Last estimates confirmation: 2019/03/14
Last earnings filing: 2019/11/13
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.