MAYFIELD GROUP HOLDINGS LIMITED (MYG)
Share Price Analysis and Chart

28/08/2026

1

Buy

$3.20

38.53%

Bell Potter assesses a stronger-than-expected FY26 result for Mayfield Group.

FY26 revenue rose 43% to $169m, while underlying earnings (EBITDA) of $18.5m beat the broker's $15.1m forecast.

FY27 revenue guidance of $224m–$229m implies 34% growth at the midpoint to Bell Potter, supported by acquisitions and a $135m work-in-hand position.

The analysts see upside from data centres, mining electrification and grid investment, with guidance appearing conservative.

FY27, FY28 and FY29 EPS forecasts change by 1%, –7% and –1%, respectively. Unchanged $3.20 target and Buy rating.

FORECAST
Bell Potter forecasts a full year FY27 dividend of 5.30 cents and EPS of 11.40 cents.
Bell Potter forecasts a full year FY28 dividend of 6.00 cents and EPS of 13.20 cents.

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30/08/2026

1

Buy

$3.70

60.17%

Canaccord Genuity maintains a Buy rating for Mayfield Group with its target price increased to $3.70 from $3.60 following an FY26 result featuring underlying EBITDA of $18.5m, representing a 54% increase over the prior corresponding period.

Commentary notes this result landed 13% ahead of the broker's expectations and was driven by robust 43% revenue growth that included approximately 17% organic growth.

The broker views early guidance for FY27 positively, with the company anticipating revenues between $224m and $229m and EBITDA margins of 10% to 11%.

Management reported work in hand of $135m as of 30 June, which the broker notes represents roughly 60% of FY27 guidance.

Canaccord anticipates further acquisitions on the eastern seaboard will be a key near-term catalyst and revises FY27 and FY28 EBITDA estimates down by -1.2% and -0.6%, respectively, while holding the FY27 NPAT forecast unchanged.