MACMAHON HOLDINGS LIMITED (MAH)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

MAH

MAH - MACMAHON HOLDINGS LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 1.18
Index: ASX300 | ALL-ORDS

Macmahon Holdings is an Australian mining and construction services company. Founded in 1963, the company became a listed entity in 1983.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.935

25 Jun
2026

-0.025

OPEN

$0.94

-2.60%

HIGH

$0.95

6,355,152

LOW

$0.92

TARGET
$0.75 -19.8% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . DNL . DOW . EHL . GNG . IMD . IPG . LBL . LYL . MAD . MIN . MLG . MND . MSV . MYE . NWH . ORI . PRN . RAN . RCR . SGH . SRG . SXE . TEA . VBC . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
MAH: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 3.5 N/A xxx
DPS (cps) xxx 1.5 N/A xxx
EPS Growth xxx 37.2% N/A xxx
DPS Growth xxx 42.9% N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx 43.2% N/A xxx

Dividend yield today if purchased 3 years ago: 11.11%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.56

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 18/09 - ex-div 0.95c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx3.5
DPS All xxxxxxxxxxxxxxx1.5
Sales/Revenue xxxxxxxxxxxxxxx2,427.5 M
Book Value Per Share xxxxxxxxxxxxxxx32.5
Net Operating Cash Flow xxxxxxxxxxxxxxx334.0 M
Net Profit Margin xxxxxxxxxxxxxxx3.05 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx11.15 %
Return on Invested Capital xxxxxxxxxxxxxxx7.79 %
Return on Assets xxxxxxxxxxxxxxx4.60 %
Return on Equity xxxxxxxxxxxxxxx11.15 %
Return on Total Capital xxxxxxxxxxxxxxx13.38 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx130.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx90 M
Long Term Debt xxxxxxxxxxxxxxx337 M
Total Debt xxxxxxxxxxxxxxx426 M
Goodwill - Gross xxxxxxxxxxxxxxx40 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx264 M
Price To Book Value xxxxxxxxxxxxxxx0.94

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx178.5 M
Capex % of Sales xxxxxxxxxxxxxxx7.35 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,921 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx367 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx53 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

31/03/2026

3

Initiation of coverage with Hold

$0.75

-19.79%

Ord Minnett is expanding its coverage of mining services, engineering and construction contractors and initiates coverage of MacMahon Holdings with a Hold rating and $0.75 target.

The broker observes the business performance has been "getting better" although it faces higher risks relative to others in the sector from its greater exposure to oil prices and supply constraints.

The contractor has continued to pivot towards underground mining and civil engineering versus surface mining work, which is more capital intensive. Surface mining now accounted for just 51% of revenue in the first half of FY26 compared with 90% back in FY18.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

23/02/2026

1

Buy

$0.82

-12.30%

Canaccord Genuity raises its target price to $0.82 from $0.49 and retains a Buy rating on Macmahon Holdings following 1H26 results which were broadly in line with expectations.

The broker notes 1H26 EBIT of $91m, up 17% y/y and -2% versus its estimate, with revenue of $1,307m up 11% y/y, while a 0.95c interim dividend was 19% ahead of its 0.8c forecast and cash conversion reached 95%.

Net debt fell -11% on the prior half to $144m despite a one-off -$22m tax payment. The tender pipeline sits at $25.6bn, with $14.4bn expected to be awarded within 12 months.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 2.00 cents and EPS of 5.20 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 2.30 cents and EPS of 5.70 cents.
Access Extra Coverage Research History >

MAH STOCK CHART

FNArena News on MAH

1
May In Review: AI Momentum, Healthcare Pain

Jun 03 2026 - Australia
2
Australian Broker Call *Extra* Edition – Feb 23, 2026

Feb 23 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Dec 02, 2025

Dec 02 2025 - Daily Market Reports
4
Rudi’s View: Amcor, Charter Hall, Challenger, Goodman, Woolworths & More

Nov 06 2025 - Rudi's View
5
Rudi’s View: Small Caps, Quality, Gold, Balance & Maximum Diversification

Oct 16 2025 - Rudi's View

Latest Mining Sector Contracting News

1
Dyno Nobel Clears Major Technical Hurdle

Jun 09 2026 - Technicals
2
New-Look Dyno Nobel’s Explosive First Half

May 14 2026 - Australia
3
Mining, Value-adds Underpin Orica’s Outlook

May 12 2026 - Australia
4
Execution Capacity Key To Contractor Premiums

Mar 24 2026 - Australia
5
Market Too Negative On Orica’s Headwinds?

Mar 11 2026 - Australia
6
Imdex Rides The Exploration Wave

Feb 26 2026 - Commodities
7
Strong Momentum Guides NRW Holdings’ Outlook

Feb 25 2026 - Commodities
8
Imdex Builds Rock Knowledge Acquisitively

Dec 11 2025 - Small Caps
9
Mader Group’s Competitive Advantages

Nov 19 2025 - Small Caps
10
Solid Momentum Drives Orica’s FY26 Optimism

Nov 17 2025 - Australia