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

$32.45

26 Feb
2026

1.770

OPEN

$30.65

5.77%

HIGH

$32.50

384,040

LOW

$30.65

TARGET
$35.41 9.1% 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 . SGH . SRG . SXE . VBC . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
MND: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 85.0 126.2 xxx
DPS (cps) xxx 72.0 105.9 xxx
EPS Growth xxx 32.7% 48.4% xxx
DPS Growth xxx 24.1% 47.1% xxx
PE Ratio xxx N/A 25.7 xxx
Dividend Yield xxx N/A 3.3% xxx
Div Pay Ratio(%) xxx 84.7% 83.9% xxx

Dividend yield today if purchased 3 years ago: 6.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.22

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: 03/09 - ex-div 39c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 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

0.4

No. Of Recommendations

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

Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

25/02/2026

1

Buy

$36.75

13.25%

Target price is raised to $36.75 from $28.75 with a Buy rating unchanged.

****

Citi analysts are in awe. That's the one standout observation to make from their initial reaction to today's interim report release by Monadelphous Group.

This result, say the analysts, "demonstrated why it is considered to be a high-quality contractor with razor-sharp focus on risk, capacity and cost management".

Needless to say, the bottom line is much higher than what was forecast. Guidance has been upgraded to circa 30% growth for FY30, some 6% higher than forecasts by Citi's assessment, but EBITDA could well end up 15% higher.

Citi adds Monadelphous management is well-known for being conservative.

Buy. Target $28.75.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$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

03/02/2026

2

Overweight

$31.70

-2.31%

Jarden expects a strong 1H26 result for Monadelphous Group with revenue guidance of approximately $1.5bn marking the highest first half since 1H14 and reflecting a ramp-up in engineering & construction activity alongside successful bolt-on M&A.

The broker sees scope for upside surprise at the margin level as labour inflation moderates and productivity improves, forecasting underlying earnings (EBITDA) of $103m, modestly ahead of consensus.

The analyst rises EPS forecasts  by 11% in FY26 and 19% in FY27–FY28 as Jarden elongates the engineering & construction cycle and assumes improved conversion into maintenance & industrial work.

The 12-month target price was lifted to $31.70 from $21.50 and an Overweight rating is maintained.

FORECAST
Jarden forecasts a full year FY26 dividend of 76.30 cents and EPS of 98.50 cents.
Jarden forecasts a full year FY27 dividend of 83.90 cents and EPS of 108.30 cents.
Access Extra Coverage Research History >

MND STOCK CHART

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