MONADELPHOUS GROUP LIMITED (MND)
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MND

MND - MONADELPHOUS GROUP LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 0.58
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

$21.40

27 Aug
2025

0.210

OPEN

$21.30

0.99%

HIGH

$21.42

264,548

LOW

$21.13

TARGET
$22.134 3.4% 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 . MAD . MAH . MIN . MLG . MSV . MYE . NWH . ORI . PRN . RAN . RCR . RDG . RUL . SGH . SRG . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
MND: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 85.0 89.3 xxx
DPS (cps) xxx 72.0 79.2 xxx
EPS Growth xxx 32.7% 5.1% xxx
DPS Growth xxx 24.1% 9.9% xxx
PE Ratio xxx N/A 23.8 xxx
Dividend Yield xxx N/A 3.7% xxx
Div Pay Ratio(%) xxx 84.7% 88.6% xxx

Dividend yield today if purchased 3 years ago: 5.76%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.38

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 © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx85.0
DPS All xxxxxxxxxxxxxxx72.0
Sales/Revenue xxxxxxxxxxxxxxx2,153.2 M
Book Value Per Share xxxxxxxxxxxxxxx503.7
Net Operating Cash Flow xxxxxxxxxxxxxxx81.0 M
Net Profit Margin xxxxxxxxxxxxxxx3.89 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx17.38 %
Return on Invested Capital xxxxxxxxxxxxxxx15.43 %
Return on Assets xxxxxxxxxxxxxxx8.85 %
Return on Equity xxxxxxxxxxxxxxx17.38 %
Return on Total Capital xxxxxxxxxxxxxxx16.49 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx6.0 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 xxxxxxxxxxxxxxx25 M
Long Term Debt xxxxxxxxxxxxxxx55 M
Total Debt xxxxxxxxxxxxxxx80 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx206 M
Price To Book Value xxxxxxxxxxxxxxx3.49

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx13.9 M
Capex % of Sales xxxxxxxxxxxxxxx0.64 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,999 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx60 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx17 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

0.6

No. Of Recommendations

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

Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

20/08/2025

1

Upgrade to Buy from Neutral

$23.60

10.28%

Following further analysis of Monadelphous Group's FY25 results, Citi raises its target to $23.60 from $19.95 and upgrades to Buy from Neutral.

The broker raises its earnings forecasts and applies a higher valuation multiple, seeing scope for an upgrade cycle beginning around the AGM in three month's time.

A summary of the broker's initial view of FY25 results follows.

Citi, at first take, views the Monadelphous Group FY25 result as “solid,” with revenue up 4%, which is better than expected and 3% above consensus.

Engineering & Construction revenue beat Maintenance & Industrial Services, but both were better than anticipated by 6% and 3%, respectively. Underlying earnings (EBITDA) were better than the analyst’s forecast but in line with consensus.

Secured work balances came in above 1H25 levels at $2.5bn versus $1.5bn in 1H25. A dividend of 72c was 3%-4% better than expected.

Management offered optimistic commentary, the analyst states, and notes the company is “positioned for growth in FY26.”

Citi points to a focus on growth in the energy sector, including energy transition opportunities. Shares are expected to react positively given the outlook and good result.

FORECAST
Citi forecasts a full year FY26 dividend of 77.00 cents and EPS of 84.50 cents.
Citi forecasts a full year FY27 dividend of 80.50 cents and EPS of 88.60 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxx

$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

20/08/2025

2

Overweight

$21.50

0.47%

Monadelphous delivered FY25 profit of $84m, 6% ahead of consensus. Jarden notes this outcome was supported by strong Engineering & Construction revenue growth of 30% year-on-year and improving Maintenance & Industrial activity through the second half.

The broker feels this level should now form a base for sustained activity after a subdued period, with group earnings (EBITDA) margins benefitting from a more balanced business mix.

Jarden sees earnings margins of around 7% sustainable into FY26, even after stripping out the one-off insurance benefit in FY25.

The broker forecasts revenue growth of 6.5% for FY26, underpinned by $2.5bn of secured work and a 22% lift in unsatisfied performance obligations.

Jarden lifts its core EPS forecasts across FY26/27 on stronger revenue and margin expectations. The target price rises to $21.50 from $18.60. Overweight rating retained.

FORECAST
Jarden forecasts a full year FY26 dividend of 69.00 cents and EPS of 88.80 cents.
Jarden forecasts a full year FY27 dividend of 70.50 cents and EPS of 90.80 cents.
Access Extra Coverage Research History >

MND STOCK CHART

FNArena News on MND

1
Weekly Ratings, Targets, Forecast Changes – 22-08-25

Aug 25 2025 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Aug 21, 2025

Aug 21 2025 - Daily Market Reports
3
FNArena Corporate Results Monitor – 20-08-2025

Aug 20 2025 - Australia
4
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Aug 18 2025 - Weekly Reports
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