MOTORCYCLE HOLDINGS LIMITED (MTO)
Share Price Analysis and Chart

27/08/2026

1

Buy

$4.30

40.52%

Morgans maintains its Buy rating for Motorcycle Holdings with its target price reduced to $4.30 from $4.77 following a strong FY26 result featuring revenue up 21.3% and net profit after tax up 43%.

Operational performance benefited from broad-based division growth alongside gross margins expanding by 172bps to 26.8%.

The broker notes moderate EPS revisions of -5% for FY27 and -6% for FY28 following slightly slower sales assumptions.

The analyst highlights that diverse revenue streams and a strengthened net cash balance sheet of $13.0m position the group well for further growth.

FORECAST
Morgans forecasts a full year FY27 dividend of 18.30 cents and EPS of 36.60 cents.
Morgans forecasts a full year FY28 dividend of 20.20 cents and EPS of 40.50 cents.

27/08/2026

1

Buy

$4.05

32.35%

Moelis retains a Buy rating for Motorcycle Holdings with a $4.05 target price following an FY26 result featuring underlying NPAT of $25.7m, beating consensus expectations by 8%.

Gross profit margins expanded to 26.8% primarily driven by foreign exchange benefits and reduced freight costs within the Mojo business.

The company declared a final dividend of 7c, bringing the full year payout to 16.5c, while outlining an expected need for future business transformation investments.

The broker upgrades FY27 and FY28 earnings per share estimates by 7%-9% to reflect stronger Mojo growth at higher margins.

The analyst suggests shares are attractively priced trading at a 7.7x FY27 price-to-earnings multiple with potential upside from retail brand optimisation.

FORECAST
Moelis forecasts a full year FY27 dividend of 18.70 cents and EPS of 37.40 cents.
Moelis forecasts a full year FY28 dividend of 19.60 cents and EPS of 39.30 cents.