MAAS GROUP HOLDINGS LIMITED (MGH)
Share Price Analysis and Chart

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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

$4.48

01 Sep
2025

0.010

OPEN

$4.48

0.22%

HIGH

$4.55

253,190

LOW

$4.46

TARGET
$5.275 17.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ACF . BKW . BRI . FBR . FBU . JHX . JLG . 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 29.9 xxx
DPS (cps) xxx 7.0 8.2 xxx
EPS Growth xxx - 6.6% 43.4% xxx
DPS Growth xxx 7.7% 17.1% xxx
PE Ratio xxx N/A 15.0 xxx
Dividend Yield xxx N/A 1.8% xxx
Div Pay Ratio(%) xxx 33.6% 27.5% xxx

Dividend yield today if purchased 3 years ago: 1.85%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.57

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

1.0

No. Of Recommendations

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

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

22/08/2025

1

Outperform

$5.10

13.84%

Upon further consideration, Macquarie has retained its Outperform rating and increased its price target for Maas Group to $5.10 from $4.95.

Broader sector strength and management executing well is expected to see the stock continuing to re-rate.

Yesterday's response:

In a flash note, Macquarie notes Maas Group's FY25 underlying EBITDA came in at the low end of guidance but beat its forecast by 1.8%, while meeting the consensus.

Capital recyling proceeds of $107.6m was ahead of $100m guidance, and importantly, $14m proceeds were received so far this year, pointing to a strong FY26 start.

In terms of divisional performance, Civil, Mining and Infrastructure saw strong revenue growth, with underlying EBITDA margin also improving 10bps. Real Estate also saw underlying margin growth of 600bps while Construction, Civil and Hire saw a -690bps decline.

No quantitative guidance was provided for FY26 but the broker states continued solid revenue and profit growth was signalled.

Outperform. Target price $4.95.

FORECAST
Macquarie forecasts a full year FY26 dividend of 8.90 cents and EPS of 29.70 cents.
Macquarie forecasts a full year FY27 dividend of 11.20 cents and EPS of 37.30 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Moelis

24/02/2025

1

Buy

$5.19

15.85%

Maas Group's 1H25 result was mixed, notes Moelis, with construction materials EBITDA up 24% y/y on contribution from acquisitions and modest organic growth, while residential real estate EBITDA was down -20% y/y.

As per the commentary, Civil construction and hire (CCH) segment was impacted by project delays and lower utilisation. The broker lowered FY25-26 EPS estimates on lower revenue and margins from CCH business.

Near-term outlook would be supported by return of organic growth in cash generative industrial operating segment, while the residential segment would benefit from the start of an easing cycle, the broker notes.

Target price cut to $5.19 from $5.81. Buy retained.

FORECAST
Moelis forecasts a full year FY26 dividend of 7.70 cents and EPS of 31.10 cents.
Access Extra Coverage Research History >

MGH STOCK CHART

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