MAAS GROUP HOLDINGS LIMITED (MGH)
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MGH

MGH - MAAS GROUP HOLDINGS LIMITED

FNArena Sector : Building Products & Services
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 4.86
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.33

11 Nov
2025

-0.070

OPEN

$4.40

-1.59%

HIGH

$4.40

440,406

LOW

$4.30

TARGET
$5.275 21.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ACF . BRI . FBR . FBU . JHX . RWC . SFC . SRG . WGN .
FNARENA'S MARKET CONSENSUS FORECASTS
MGH: 1
Title FY24
Actual
FY25
Actual
FY26
Forecast
FY27
Forecast
EPS (cps) xxx 20.8 25.1 xxx
DPS (cps) xxx 7.0 7.9 xxx
EPS Growth xxx - 6.6% 20.6% xxx
DPS Growth xxx 7.7% 12.1% xxx
PE Ratio xxx N/A 17.5 xxx
Dividend Yield xxx N/A 1.8% xxx
Div Pay Ratio(%) xxx 33.6% 31.3% xxx

Dividend yield today if purchased 3 years ago: 2.93%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

1.59

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: 17/09 - ex-div 3.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx20.8
DPS All xxxxxxxxxxxxxxx7.0
Sales/Revenue xxxxxxxxxxxxxxx1,030.5 M
Book Value Per Share xxxxxxxxxxxxxxx242.6
Net Operating Cash Flow xxxxxxxxxxxxxxx67.8 M
Net Profit Margin xxxxxxxxxxxxxxx6.98 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx9.26 %
Return on Invested Capital xxxxxxxxxxxxxxx5.10 %
Return on Assets xxxxxxxxxxxxxxx4.02 %
Return on Equity xxxxxxxxxxxxxxx9.26 %
Return on Total Capital xxxxxxxxxxxxxxx6.72 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx10.6 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 xxxxxxxxxxxxxxx83 M
Long Term Debt xxxxxxxxxxxxxxx718 M
Total Debt xxxxxxxxxxxxxxx801 M
Goodwill - Gross xxxxxxxxxxxxxxx194 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx103 M
Price To Book Value xxxxxxxxxxxxxxx1.75

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx35.6 M
Capex % of Sales xxxxxxxxxxxxxxx3.46 %
Cost of Goods Sold xxxxxxxxxxxxxxx791 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx139 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx286 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

0.8

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

23/10/2025

1

Outperform

$5.10

17.78%

Maas Group's AGM suggested trading conditions "remain supportive", Macquarie reports. Positive momentum in Construction Materials is continuing, however Civil Construction & Hire is seeing some margin pressure.

The residential outlook is improving with 240-260 lots expected to settle in FY26. Macquarie notes $200m of capital recycling proceeds are expected in FY26, of which $41m had been realised as at August.

The guidance range was slightly below expectations; however, momentum is building across the CM, Residential, and CCH segments. The accelerated capital recycling program should accelerate growth in CM, Macquarie suggests.

Outperform and $5.10 target retained.

FORECAST
Macquarie forecasts a full year FY26 dividend of 8.20 cents and EPS of 27.40 cents.
Macquarie forecasts a full year FY27 dividend of 10.60 cents and EPS of 35.20 cents.

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

29/10/2025

1

Buy

$5.36

23.79%

Maas Group reaffirmed FY26 EBITDA guidance of $240–270m, supported by strength in Construction Materials and improving Civil and Hire activity.

Canaccord Genuity notes modest margin pressure in Civil and higher corporate costs offset by continued pricing stability and integration benefits in Construction Materials.

Residential demand is improving with stronger settlements, while asset sales of around $200m are expected to enhance balance sheet flexibility.

The analyst lowers its EPS estimates by -6% to -8% post update. Target lifted to $5.36 from $4.74. No change to Buy rating.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 8.00 cents and EPS of 26.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 10.00 cents and EPS of 33.00 cents.

MGH STOCK CHART