MONADELPHOUS GROUP LIMITED (MND)
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MND - MONADELPHOUS GROUP LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 0.82
Index: ASX200 | ASX300 | ALL-ORDS

Monadelphous is an Australian engineering company providing construction, maintenance and industrial services to the resource, energy and infrastructure sectors. Formed in 1989, it listed on the ASX in 1991.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$12.51

18 Nov
2024

0.090

OPEN

$12.49

0.72%

HIGH

$12.55

162,499

LOW

$12.32

TARGET
$14.39 15.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . CDD . DOW . EHL . GNG . IMD . IPG . IPL . LBL . LYL . MAD . MAH . MIN . MLG . MSV . MYE . NWH . ORI . PRN . RAN . RCR . RDG . RUL . SRG . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
MND: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 64.1 70.0 xxx
DPS (cps) xxx 58.0 61.8 xxx
EPS Growth xxx 14.7% 9.3% xxx
DPS Growth xxx 18.4% 6.6% xxx
PE Ratio xxx N/A 18.3 xxx
Dividend Yield xxx N/A 4.8% xxx
Div Pay Ratio(%) xxx 90.5% 88.3% xxx

Dividend yield today if purchased 3 years ago: 6.24%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.53

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: 05/09 - ex-div 33c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx64.1
DPS All xxxxxxxxxxxxxxx58.0
Sales/Revenue xxxxxxxxxxxxxxx2,008.6 M
Book Value Per Share xxxxxxxxxxxxxxx477.7
Net Operating Cash Flow xxxxxxxxxxxxxxx187.7 M
Net Profit Margin xxxxxxxxxxxxxxx3.10 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx13.77 %
Return on Invested Capital xxxxxxxxxxxxxxx12.03 %
Return on Assets xxxxxxxxxxxxxxx7.51 %
Return on Equity xxxxxxxxxxxxxxx13.77 %
Return on Total Capital xxxxxxxxxxxxxxx14.05 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx54.7 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx28 M
Long Term Debt xxxxxxxxxxxxxxx67 M
Total Debt xxxxxxxxxxxxxxx94 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx226 M
Price To Book Value xxxxxxxxxxxxxxx2.69

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx88.9 M
Capex % of Sales xxxxxxxxxxxxxxx4.43 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,873 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx59 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx12 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

0.4

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

21/08/2024

3

Hold

$13.80

10.31%

At a glance, Monadelphous Group's FY24 result outpaced guidance, revenue falling shy of Bell Potter's forecasts and earnings (EBITDA) proving a beat, as did the EBITDA margin, thanks to stronger than forecast Engineering Construction revenues.

Management declared a 33cps dividend, taking the full-year dividend to 58cps, a 14% beat on the broker's forecasts.

For FY25, the company foresees higher production volumes, which it expects will sustain its capital and maintenance activity; a growing renewables pipeline and continued robust demand for maintenance services in energy, observes the broker.

The company closed the year with net cash of $131.6m ($89.6m in FY23) and free cash jumped 64% on FY23 to $99.9m thanks to a sharp rise in operating cash flows to $187.7m ($93.3m in FY23) due to an unwind in working capital.

EPS forecasts rise 1% in FY25; 3% in FY26; and 3% in FY27. Hold rating retained. Target price rises to $13.80 from $13.60.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 69.00 cents and EPS of 73.90 cents.
Bell Potter forecasts a full year FY26 dividend of 70.00 cents and EPS of 73.50 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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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

Jarden

22/08/2024

2

Overweight

$13.50

7.91%

Monadelphous Group's guidance for FY25 has come in better than "feared" according to Jarden and resulted in slight EPS forecast upgrades.

The engineering/construction divisions reported 32% growth year-on-year for FY24, with new contract wins in July/August serving up an additional circa $500m of new works to carry the company through FY25, the broker highlights.

The concerns around the cancelation of Albermarle's Kemerton project have been alleviated somewhat, the broker suggests.

Overweight rating. Target moves to $13.50 from $13.80.

FORECAST
Jarden forecasts a full year FY25 dividend of 63.80 cents and EPS of 73.40 cents.
Jarden forecasts a full year FY26 dividend of 66.30 cents and EPS of 76.30 cents.
Access Extra Coverage Research History >

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