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

Enter the company code or Name for stock analysis:

MGH - MAAS GROUP HOLDINGS LIMITED

FNArena Sector : Building Products & Services
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 4.57
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.42

25 Jul
2024

-0.030

OPEN

$4.40

-0.67%

HIGH

$4.44

63,793

LOW

$4.35

TARGET
$4.875 10.3% 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 FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 20.7 24.9 xxx
DPS (cps) xxx 6.0 6.4 xxx
EPS Growth xxx - 3.5% 20.5% xxx
DPS Growth xxx 9.1% 5.8% xxx
PE Ratio xxx N/A 17.7 xxx
Dividend Yield xxx N/A 1.4% xxx
Div Pay Ratio(%) xxx 29.0% 25.5% xxx

Dividend yield today if purchased 3 years ago: 1.26%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.36

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: 07/03 - ex-div 3c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 20192020202120222023
EPS Basic xxxxxxxxxxxx20.7
DPS All xxxxxxxxxxxx6.0
Sales/Revenue xxxxxxxxxxxx789.3 M
Book Value Per Share xxxxxxxxxxxx192.0
Net Operating Cash Flow xxxxxxxxxxxx2.6 M
Net Profit Margin xxxxxxxxxxxx8.29 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20192020202120222023
Return on Capital Employed xxxxxxxxxxxx12.09 %
Return on Invested Capital xxxxxxxxxxxx7.09 %
Return on Assets xxxxxxxxxxxx5.48 %
Return on Equity xxxxxxxxxxxx12.09 %
Return on Total Capital xxxxxxxxxxxx7.75 %
Free Cash Flow ex dividends xxxxxxxxxxxx-98.7 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 20192020202120222023
Short-Term Debt xxxxxxxxxxxx52 M
Long Term Debt xxxxxxxxxxxx493 M
Total Debt xxxxxxxxxxxx545 M
Goodwill - Gross xxxxxxxxxxxx107 M
Cash & Equivalents - Generic xxxxxxxxxxxx69 M
Price To Book Value xxxxxxxxxxxx1.38

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20192020202120222023
Capex xxxxxxxxxxxx82.3 M
Capex % of Sales xxxxxxxxxxxx10.42 %
Cost of Goods Sold xxxxxxxxxxxx597 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxx116 M
Research & Development xxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxx236 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.
Login above or Get a Free Trial

Macquarie

16/02/2024

1

Outperform

$4.55

2.94%

In the wake of Maas Group's "solid" result, Macquarie notes FY24 earnings guidance and capital recycling targets are reaffirmed. Cash generation improved strongly and remains a key focus.

Maas has since acquired three hard rock quarries in Victoria which are complementary to Dandy's existing footprint which creates significant synergy opportunities, the broker suggests.

To drive a re-rate, Macquarie believes management needs to build a track record of delivering on guidance, sustaining organic growth, maintaining leverage in target range or below, and delivering on capital recycling targets.

Outperform and $4.55 target retained.

FORECAST
Macquarie forecasts a full year FY24 dividend of 6.40 cents and EPS of 25.70 cents.
Macquarie forecasts a full year FY25 dividend of 9.50 cents and EPS of 31.60 cents.
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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

Goldman Sachs

22/02/2024

3

Neutral

$3.10

-29.86%

Goldman Sachs assesses a strong 1H result for Maas Group, with earnings (EBITDA) an 8% beat against the consensus forecast.

Construction Materials segment earnings eclipsed the broker's estimate by 27% as organic earnings rose by 23% on the previous corresponding period, driven by both price and volume.

The analyst also highlights a turnaround for the Civil Construction & Hire segment after a weather-challenged 1H of FY23. Residential real estate remains challenged, notes Goldman, with management continuing to expect flat settlements in FY24 versus FY23.

FY24 underlying earnings guidance of between $190-210m was reiterated.

The target rises to $3.10 from $2.90. Neutral.

FORECAST
Goldman Sachs forecasts a full year FY24 EPS of 25.00 cents.
Goldman Sachs forecasts a full year FY25 EPS of 29.00 cents.

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >

MGH STOCK CHART

FNArena News on MGH

1
Rudi’s View: Rate Cuts, Growth & Small Caps

Jul 18 2024 - Rudi's View
2
Rudi’s View: Gold, Healthcare, Staples & Copper

Jul 11 2024 - Rudi's View
3
Ventia Services: Unique Mix Of Growth & Defence

Jul 09 2024 - Small Caps
4
ESG Focus: Counting Psychosocial Costs On ASX

Apr 22 2024 - ESG Focus
5
ESG Focus: Decarbonisation, Renewables & Cyber Crime

Apr 03 2024 - ESG Focus

Latest Building Products & Services News

1
Bottom’s In For James Hardie

Jun 18 2024 - Technicals
2
Boral Beats, Outlook Cautious

Feb 12 2024 - Australia
3
Brickworks Underestimated & Cheap, Brokers Say

Oct 04 2023 - Australia
4
Analysts In Love With James Hardie, Yet Again

Aug 23 2023 - Australia
5
Johns Lyng And The Weather Factor

Jun 26 2023 - Small Caps
6
Treasure Chest: Boral To Prove Sceptics Wrong?

Apr 04 2023 - Treasure Chest
7
Added Bite from Reliance Worldwide’s New Products

Mar 30 2023 - Australia
8
Boral Shares Surge, Brokers Remain Cautious

Feb 09 2023 - Australia
9
Eye On (Small Cap) Building & Materials Stocks

Feb 01 2023 - Small Caps
10
Cost Blow-Out Rattles Fletcher Building

Dec 21 2022 - Australia