MADER GROUP LIMITED (MAD)
Share Price Analysis and Chart

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MAD

MAD - MADER GROUP LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Commercial & Professional Services
Debt/EBITDA: 0.37
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$8.32

01 Sep
2025

-0.120

OPEN

$8.40

-1.42%

HIGH

$8.43

69,256

LOW

$8.32

TARGET
$9.00 8.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . DNL . DOW . EHL . GNG . IMD . IPG . LBL . LYL . MAH . MIN . MLG . MND . MSV . MYE . NWH . ORI . PRN . RAN . RCR . RUL . SGH . SRG . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
MAD: 1
Title FY24
Actual
FY25
Actual
FY26
Forecast
FY27
Forecast
EPS (cps) xxx 28.4 34.5 xxx
DPS (cps) xxx 8.8 10.5 xxx
EPS Growth xxx 12.5% 21.7% xxx
DPS Growth xxx 12.8% 19.3% xxx
PE Ratio xxx N/A 24.3 xxx
Dividend Yield xxx N/A 1.3% xxx
Div Pay Ratio(%) xxx 31.0% 30.4% xxx

Dividend yield today if purchased 3 years ago: 3.11%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

1.05

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: 19/09 - ex-div 4c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx28.4
DPS All xxxxxxxxxxxxxxx8.8
Sales/Revenue xxxxxxxxxxxxxxx872.2 M
Book Value Per Share xxxxxxxxxxxxxxx105.2
Net Operating Cash Flow xxxxxxxxxxxxxxx76.8 M
Net Profit Margin xxxxxxxxxxxxxxx6.55 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx30.67 %
Return on Invested Capital xxxxxxxxxxxxxxx25.57 %
Return on Assets xxxxxxxxxxxxxxx16.69 %
Return on Equity xxxxxxxxxxxxxxx30.67 %
Return on Total Capital xxxxxxxxxxxxxxx33.29 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx26.5 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 xxxxxxxxxxxxxxx16 M
Long Term Debt xxxxxxxxxxxxxxx23 M
Total Debt xxxxxxxxxxxxxxx39 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx24 M
Price To Book Value xxxxxxxxxxxxxxx6.40

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx34.1 M
Capex % of Sales xxxxxxxxxxxxxxx3.91 %
Cost of Goods Sold xxxxxxxxxxxxxxx704 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx88 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

27/08/2025

1

Buy

$9.00

8.17%

Mader Group's FY25 revenue, group EBITDA and net profit were all in line with guidance and Bell Potter's forecasts.

Australia EBITDA lagged due to weaker margin, North America was in line and Rest of World beat both on revenue and margin, aided by a major African contract.

The broker views the FY26 guidance of over $1bn revenue and net profit of over $65m as conservative based on positive momentum at FY25-exit. 

Minor changes to forecasts. Buy. Target unchanged at $9.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 10.50 cents and EPS of 34.50 cents.
Bell Potter forecasts a full year FY27 dividend of 11.60 cents and EPS of 38.20 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

Moelis

02/09/2025

3

Downgrade to Hold from Buy

$8.29

-0.36%

Mader Group's FY25 results were in line with guidance and forecasts by Moelis, with revenue of $870m and profit of $57m.

Australia grew 17% on strong contributions from infrastructure, rail, and road, highlights the broker, while North America improved in the second half with 8% revenue growth and stable margins.

The group profit margin expanded to 6.6%, and a fully franked 4c dividend was declared.

Net debt fell to $8m from $23.2m in December, with the business on track for a net cash position within twelve months, suggests the analyst. Cash conversion of 101% supported $42.7m in operating cash flow, with cash of $24m at June end.

FY26 guidance targets at least $1bn in revenue and $65m profit, consistent with the five-year strategic plan, observes Moelis.

Moelis raises its target price to $8.29 from $6.83 reflecting stronger domestic momentum and higher utilisation of a growing workforce. and downgrades to a Hold rating from Buy.

FORECAST
Moelis forecasts a full year FY26 dividend of 8.80 cents and EPS of 31.90 cents.
Moelis forecasts a full year FY27 dividend of 8.80 cents and EPS of 37.20 cents.

MAD STOCK CHART