MAXIPARTS LIMITED (MXI)
Share Price Analysis and Chart

04/09/2026

1

Buy

$3.40

53.85%

MaxiPARTS has received a non-binding $2.50 per share takeover offer proposal from Ares Management, a 46% premium to the last closing price.

Ord Minnett also notes management has announced the acquisition of ABS, one of Australia's largest brake systems components for commercial vehicles suppliers for $11.2m.

The analyst believes the $2.50 bid undervalues the business and is well below peer group earnings multiples.

The target price rises to $3.40 from $3 post the ABS acquisition with no change in Buy rating.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 12.50 cents and EPS of 21.50 cents.
Ord Minnett forecasts a full year FY28 dividend of 14.50 cents and EPS of 24.20 cents.

07/09/2026

1

Buy

$2.50

13.12%

Canaccord Genuity maintains a Buy rating for MaxiPARTS with its target price decreased to $2.50 from $2.56 following the receipt of a non-binding indicative offer from Ares Management Asia to acquire the business for $2.50 per share in cash.

The proposed scheme of arrangement represents a 46% premium to the previous closing price and implies an enterprise value of approximately $132m, alongside the potential for a fully franked special dividend.

Concurrently, the company entered a binding agreement to acquire the assets of Air Brake Systems Unit Trust for $11.2m in cash, representing a 4.0x multiple on pre-AASB16 EBITDA.

The analyst upgrades FY27 underlying earnings per share estimates by 13% and EBITDA by 10% after incorporating the acquisition, noting it provides a significant opportunity to leverage eastern seaboard operations into Western Australia.

While fundamental valuation metrics incorporating the new assets support a higher value, Canaccord Genuity aligns its target price with the pending offer price, viewing the proposed transaction as timely amid a favourable outlook.