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

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MGH - MAAS GROUP HOLDINGS LIMITED

FNArena Sector : Building Products & Services
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 3.92
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.48

04 Feb
2025

-0.010

OPEN

$4.57

-0.22%

HIGH

$4.59

235,853

LOW

$4.47

TARGET
$5.18 15.6% 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 FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 22.3 28.4 xxx
DPS (cps) xxx 6.5 7.8 xxx
EPS Growth xxx 7.8% 27.2% xxx
DPS Growth xxx 8.3% 20.0% xxx
PE Ratio xxx N/A 16.0 xxx
Dividend Yield xxx N/A 1.7% xxx
Div Pay Ratio(%) xxx 29.2% 27.5% xxx

Dividend yield today if purchased 3 years ago: 1.43%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.43

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 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx22.3
DPS All xxxxxxxxxxxxxxx6.5
Sales/Revenue xxxxxxxxxxxxxxx895.1 M
Book Value Per Share xxxxxxxxxxxxxxx206.9
Net Operating Cash Flow xxxxxxxxxxxxxxx113.4 M
Net Profit Margin xxxxxxxxxxxxxxx8.15 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx11.18 %
Return on Invested Capital xxxxxxxxxxxxxxx6.21 %
Return on Assets xxxxxxxxxxxxxxx4.81 %
Return on Equity xxxxxxxxxxxxxxx11.18 %
Return on Total Capital xxxxxxxxxxxxxxx8.55 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx37.9 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 xxxxxxxxxxxxxxx75 M
Long Term Debt xxxxxxxxxxxxxxx551 M
Total Debt xxxxxxxxxxxxxxx626 M
Goodwill - Gross xxxxxxxxxxxxxxx115 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx85 M
Price To Book Value xxxxxxxxxxxxxxx2.04

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx56.9 M
Capex % of Sales xxxxxxxxxxxxxxx6.36 %
Cost of Goods Sold xxxxxxxxxxxxxxx665 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx124 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx258 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

07/11/2024

1

Outperform

$5.06

12.95%

Macquarie observes project delays are impacting Maas Group's FY25 guidance.

The company expects FY25 earnings between $215m-$245m, with a greater-than-expected 2H earnings weighting due to renewable project delays in the civil construction and hire segment, which have shifted revenue to later periods.

Macquarie notes the capital recycling program is progressing ahead of forecasts, anticipated to deliver over $100m in proceeds, enhancing the group’s return on capital.

The broker forecasts a 39%/61% underlying EBITDA split for 1H25 versus 2H25, which is in line with the company’s typical performance skew.

The Outperform rating is retained, and the target price rises to $5.06 from $4.95 due to a change in the valuation ascribed to the stock.

FORECAST
Macquarie forecasts a full year FY25 dividend of 8.60 cents and EPS of 28.70 cents.
Macquarie forecasts a full year FY26 dividend of 11.30 cents and EPS of 37.60 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

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

Wilsons

02/12/2024

1

Overweight

$6.01

34.15%

Maas Group's 1H trading update reconfirmed FY25 underlying earnings (EBITDA) guidance of $215-245m, with a 40/60 1H:2H split due to renewable energy project delays and land sale timing., explains Wilsons.

Management announced three acquisitions in construction materials for -$252m, contributing FY25 pro forma revenue of $174-199m and earnings (EBITDA) of $34-38m.

Synergies from internalising volumes and cost efficiencies are expected to drive medium-to-long-term upside, in the broker's view.

Wilsons raises FY25 earnings (EBITDA) by 6% and FY26 by 16%, with EPS accretion of 5% from FY26 onwards. The target is increased to $6.01 from $5.66. Overweight rating.

FORECAST
Wilsons forecasts a full year FY25 dividend of 9.00 cents and EPS of 28.10 cents.
Wilsons forecasts a full year FY26 dividend of 12.50 cents and EPS of 39.20 cents.
Access Extra Coverage Research History >

MGH STOCK CHART

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