MACMAHON HOLDINGS LIMITED (MAH)
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MAH - MACMAHON HOLDINGS LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 0.99
Index: ALL-ORDS

Macmahon is an Australian mining and construction services company. Founded in 1963, the company became a listed entity in 1983.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.35

13 Nov
2024

-0.030

OPEN

$0.37

-7.89%

HIGH

$0.37

4,434,749

LOW

$0.35

TARGET
$0.27 -22.9% downside
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 . MIN . MLG . MND . MSV . MYE . NWH . ORI . PRN . RAN . RCR . RDG . RUL . SRG . SVW . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
MAH: 1
Title FY23
Actual
FY24
Actual
FY25
Forecast
FY26
Forecast
EPS (cps) xxx 2.5 4.2 xxx
DPS (cps) xxx 1.1 1.1 xxx
EPS Growth xxx - 7.7% 66.0% xxx
DPS Growth xxx 40.0% 4.8% xxx
PE Ratio xxx N/A 8.3 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx 41.5% 26.2% xxx

Dividend yield today if purchased 3 years ago: 5.53%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

3.00

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 0.6c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx2.5
DPS All xxxxxxxxxxxxxxx1.1
Sales/Revenue xxxxxxxxxxxxxxx2,031.3 M
Book Value Per Share xxxxxxxxxxxxxxx30.0
Net Operating Cash Flow xxxxxxxxxxxxxxx270.8 M
Net Profit Margin xxxxxxxxxxxxxxx2.62 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx8.57 %
Return on Invested Capital xxxxxxxxxxxxxxx5.99 %
Return on Assets xxxxxxxxxxxxxxx3.65 %
Return on Equity xxxxxxxxxxxxxxx8.57 %
Return on Total Capital xxxxxxxxxxxxxxx13.09 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx101.6 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx104 M
Long Term Debt xxxxxxxxxxxxxxx237 M
Total Debt xxxxxxxxxxxxxxx341 M
Goodwill - Gross xxxxxxxxxxxxxxx9 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx195 M
Price To Book Value xxxxxxxxxxxxxxx0.97

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx150.0 M
Capex % of Sales xxxxxxxxxxxxxxx7.39 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,643 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx257 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1 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

Macquarie

17/04/2024

1

Outperform

$0.27

-22.86%

Macmahon has announced it will acquire Decmil for an enterprise value of $127m, with ordinary shareholders set to receive 30 cents per stock.

The company intends to continue to operate Decmil as a wholly owned subsidiary and maintain branding, with the acquisition to boost the civil and engineering components of the business.

As per Macquarie, the acquisition will boost revenue by 20% and earnings by 10% from FY25, and adds $455m to the company's order book.

The Outperform rating is retained and the target price increases to 27 cents from 25 cents.

FORECAST
Macquarie forecasts a full year FY25 dividend of 1.10 cents and EPS of 4.20 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

Petra Capital

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

22/08/2024

2

Overweight

$0.32

-8.57%

Macmahon reported better than expected FY24 results with revenue 7% higher than consensus forecasts, Jarden notes.

The broker believes FY25 will be a "transformative" year for the company as Greenbushes is ramped up;  transfer of Calidus ownship takes place and recent acquisitions are integrated.

Gearing has lowered to 18.8% from 24.9% in FY23, Jarden highlights.

Target price revised to 32c from 28c. Overweight rating unchanged.

FORECAST
Jarden forecasts a full year FY25 dividend of 1.30 cents and EPS of 5.20 cents.
Jarden forecasts a full year FY26 dividend of 1.30 cents and EPS of 5.20 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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MAH STOCK CHART