Declared Dividend • Feb 21
First half dividend increased to AU$0.042 Dividend of AU$0.042 is 36% higher than last year. Ex-date: 25th February 2026 Payment date: 18th March 2026 Dividend yield will be 3.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 10
MaxiPARTS Limited to Report First Half, 2026 Results on Feb 19, 2026 MaxiPARTS Limited announced that they will report first half, 2026 results on Feb 19, 2026 Announcement • Oct 17
MaxiPARTS Limited, Annual General Meeting, Nov 20, 2025 MaxiPARTS Limited, Annual General Meeting, Nov 20, 2025. Location: maxiparts limited, maxus room, 22 efficient drive, truganina victoria 3029, Australia Price Target Changed • Sep 26
Price target increased by 13% to AU$2.88 Up from AU$2.55, the current price target is an average from 2 analysts. New target price is 20% above last closing price of AU$2.39. Stock is up 29% over the past year. The company is forecast to post earnings per share of AU$0.19 for next year compared to AU$0.15 last year. Price Target Changed • Aug 26
Price target increased by 13% to AU$2.88 Up from AU$2.55, the current price target is an average from 2 analysts. New target price is 18% above last closing price of AU$2.44. Stock is up 34% over the past year. The company is forecast to post earnings per share of AU$0.19 for next year compared to AU$0.15 last year. Declared Dividend • Aug 23
Final dividend increased to AU$0.031 Dividend of AU$0.031 is 21% higher than last year. Ex-date: 27th August 2025 Payment date: 18th September 2025 Dividend yield will be 2.6%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (3% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 31% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 22
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: AU$0.15 (up from AU$0.11 in FY 2024). Revenue: AU$267.1m (up 9.5% from FY 2024). Net income: AU$8.54m (up 53% from FY 2024). Profit margin: 3.2% (up from 2.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 13% decline forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. New Risk • Aug 05
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (AU$126.4m market cap, or US$81.7m). Reported Earnings • Feb 23
First half 2025 earnings released: EPS: AU$0.076 (vs AU$0.056 in 1H 2024) First half 2025 results: EPS: AU$0.076 (up from AU$0.056 in 1H 2024). Revenue: AU$136.9m (up 23% from 1H 2024). Net income: AU$4.21m (up 52% from 1H 2024). Profit margin: 3.1% (up from 2.5% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year. Declared Dividend • Feb 22
First half dividend of AU$0.03 announced Shareholders will receive a dividend of AU$0.03. Ex-date: 26th February 2025 Payment date: 20th March 2025 Dividend yield will be 2.9%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 12
MaxiPARTS Limited to Report First Half, 2025 Results on Feb 20, 2025 MaxiPARTS Limited announced that they will report first half, 2025 results on Feb 20, 2025 Announcement • Oct 18
MaxiPARTS Limited, Annual General Meeting, Nov 21, 2024 MaxiPARTS Limited, Annual General Meeting, Nov 21, 2024. Location: batmans hill on collins, william wills room, 623 collins street, melbourne victoria 3000 Australia Recent Insider Transactions • Sep 03
MD, CEO & Director recently bought AU$207k worth of stock On the 2nd of September, Peter Loimaranta bought around 112k shares on-market at roughly AU$1.84 per share. This transaction amounted to 92% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months. Major Estimate Revision • Aug 29
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from AU$0.173 to AU$0.153 per share. Revenue forecast steady at AU$273.9m. Net income forecast to grow 50% next year vs 34% growth forecast for Machinery industry in Australia. Consensus price target down from AU$2.74 to AU$2.55. Share price was steady at AU$1.84 over the past week. Reported Earnings • Aug 26
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: AU$0.11 (down from AU$0.15 in FY 2023). Revenue: AU$243.9m (up 21% from FY 2023). Net income: AU$5.60m (down 24% from FY 2023). Profit margin: 2.3% (down from 3.6% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 60%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, while revenues in the Machinery industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Declared Dividend • Aug 24
First half dividend reduced to AU$0.026 Dividend of AU$0.026 is 20% lower than last year. Ex-date: 28th August 2024 Payment date: 19th September 2024 Dividend yield will be 2.9%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 22
MaxiPARTS Limited Announces Ordinary Dividend for the Twelve Months Period Ended June 30, 2024, Payable on September 19, 2024 MaxiPARTS Limited announced ordinary dividend of AUD 0.02570000 for the twelve months period ended June 30, 2024. Ex Date is August 28, 2024. Record Date is August 29, 2024. Payment date is September 19, 2024. Announcement • Aug 13
MaxiPARTS Limited to Report Fiscal Year 2024 Results on Aug 22, 2024 MaxiPARTS Limited announced that they will report fiscal year 2024 results on Aug 22, 2024 Board Change • Aug 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Chairman of the Board Mary Verschuer is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Price Target Changed • May 16
Price target decreased by 13% to AU$2.91 Down from AU$3.35, the current price target is an average from 2 analysts. New target price is 54% above last closing price of AU$1.89. Stock is down 24% over the past year. The company is forecast to post earnings per share of AU$0.13 for next year compared to AU$0.15 last year. Major Estimate Revision • May 15
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from AU$248.7m to AU$241.1m. EPS estimate also fell from AU$0.163 per share to AU$0.132 per share. Net income forecast to grow 28% next year vs 46% growth forecast for Machinery industry in Australia. Consensus price target of AU$2.91 unchanged from last update. Share price fell 9.8% to AU$1.94 over the past week. Recent Insider Transactions • Mar 26
Independent Chairman of the Board recently bought AU$61k worth of stock On the 20th of March, Mary Verschuer bought around 26k shares on-market at roughly AU$2.38 per share. This transaction amounted to 82% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Mary's only on-market trade for the last 12 months. Reported Earnings • Feb 26
First half 2024 earnings released: EPS: AU$0.056 (vs AU$0.078 in 1H 2023) First half 2024 results: EPS: AU$0.056 (down from AU$0.078 in 1H 2023). Revenue: AU$111.7m (up 13% from 1H 2023). Net income: AU$2.78m (down 25% from 1H 2023). Profit margin: 2.5% (down from 3.7% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 58% growth forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Declared Dividend • Feb 24
First half dividend of AU$0.026 announced Shareholders will receive a dividend of AU$0.026. Ex-date: 28th February 2024 Payment date: 26th March 2024 Dividend yield will be 2.4%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (50% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 99% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 16
MaxiPARTS Limited to Report First Half, 2024 Results on Feb 22, 2024 MaxiPARTS Limited announced that they will report first half, 2024 results on Feb 22, 2024 Major Estimate Revision • Feb 01
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from AU$0.194 to AU$0.168 per share. Revenue forecast steady at AU$248.8m. Net income forecast to shrink 2.0% next year vs 31% growth forecast for Machinery industry in Australia . Consensus price target down from AU$3.76 to AU$3.53. Share price fell 8.7% to AU$2.42 over the past week. New Risk • Nov 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (AU$139.8m market cap, or US$91.7m). Announcement • Nov 16
MaxiPARTS Limited has filed a Follow-on Equity Offering in the amount of AUD 17.227181 million. MaxiPARTS Limited has filed a Follow-on Equity Offering in the amount of AUD 17.227181 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,002,919
Price\Range: AUD 2.46
Discount Per Security: AUD 0.024
Transaction Features: Subsequent Direct Listing Announcement • Nov 15
MaxiPARTS Limited has completed a Follow-on Equity Offering in the amount of AUD 17.227181 million. MaxiPARTS Limited has completed a Follow-on Equity Offering in the amount of AUD 17.227181 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,002,919
Price\Range: AUD 2.46
Discount Per Security: AUD 0.024
Transaction Features: Subsequent Direct Listing Announcement • Oct 20
MaxiPARTS Limited, Annual General Meeting, Nov 23, 2023 MaxiPARTS Limited, Annual General Meeting, Nov 23, 2023, at 11:01 AUS Eastern Standard Time. Location: Batman's Hill on Collins "William Wills" room 623 Collins Street,Melbourne Victoria 3000 Victoria Australia Agenda: To receive and consider the financial report, the directors' report and the auditors' report for the Company and its controlled entities for the year ended 30 June 2023; to consider Adoption of the Remuneration Report; to consider Re-election of Director Frank Micallef; to consider Grant of Performance Rights to the Managing Director and CEO; and to consider other issues. Recent Insider Transactions Derivative • Sep 19
MD, CEO & Director exercised options to buy AU$551k worth of stock. On the 15th of September, Peter Loimaranta exercised options to buy 191k shares at a strike price of around AU$2.85, costing a total of AU$544k. This transaction amounted to 122% of their direct individual holding at the time of the trade. Since September 2022, Peter's direct individual holding has increased from 152.22k shares to 154.20k. Company insiders have collectively bought AU$594k more than they sold, via options and on-market transactions, in the last 12 months. Board Change • Sep 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Chairman of the Board Mary Verschuer is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 25
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: AU$0.15 (up from AU$0.12 in FY 2022). Revenue: AU$201.7m (up 32% from FY 2022). Net income: AU$7.33m (up 49% from FY 2022). Profit margin: 3.6% (up from 3.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 33% decline forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Aug 25
Price target decreased by 7.2% to AU$3.35 Down from AU$3.61, the current price target is an average from 2 analysts. New target price is 16% above last closing price of AU$2.89. Stock is up 25% over the past year. Announcement • Aug 24
MaxiPARTS Limited Proposes Fully Franked Final Dividend, Payable on 15 September 2023 MaxiPARTS Limited proposed fully franked final dividend of 3.22 cents per share by the directors after reporting date for payment on 15 September 2023. Announcement • Aug 18
MaxiPARTS Limited to Report Fiscal Year 2023 Results on Aug 24, 2023 MaxiPARTS Limited announced that they will report fiscal year 2023 results on Aug 24, 2023 Announcement • Jun 01
MaxiPARTS Limited (ASX:MXI) completed the acquisition of 80% stake in Forch Australia Pty Ltd. MaxiPARTS Limited (ASX:MXI) entered into a Share Purchase Agreement to acquire 80% stake in Forch Australia Pty Ltd for AUD 9.7 million on May 2, 2023. The acquisition price of AUD 9.7 million for an 80% ownership stake is based on a 7x multiple for an average annual EBITDA based on the last 3 years, plus 80% net asset value of the Förch Melbourne dealership. Acquisition price values Förch Australia business at 4.8x multiple based on H1 FY23 EBITDA. The acquisition price includes approximately AUD 2.8 million of inventory. Put and call option linked to the acquisition of the remaining 20% of shares in 2 to 5 years. The acquisition is on a debt free basis and is to be funded through existing cash and an increase to MaxiPARTS Group debt facilities. The revised facility, when executed, will provide MaxiPARTS with a AUD 20 million loan facility with a maturity date of May 31, 2026. The loan is interest only for year 1, then amortising by AUD 0.5 million per quarter thereafter. In addition to the increase in debt facilities, MaxiPARTS has also maintained sufficient excess cash within the business to support the MaxiPARTS and Förch Australia working capital requirements. All employees of Förch Australia will remain with the business post completion, including the two current executive Directors Terry Childs and Peter Burgess of Förch Australia who will be responsible for the day to day operating of the Förch Australia business, reporting to the MaxiPARTS Managing Director and Chief executive officer. Completion expected at end of May 2023.
MaxiPARTS Limited (ASX:MXI) completed the acquisition of 80% stake in Forch Australia Pty Ltd on May 31, 2023. All conditions have now been satisfied or waived. Price Target Changed • May 03
Price target increased by 17% to AU$4.22 Up from AU$3.60, the current price target is provided by 1 analyst. New target price is 82% above last closing price of AU$2.32. Stock is up 13% over the past year. The company posted earnings per share of AU$0.12 last year. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to AU$2.24, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Machinery industry in Australia. Total returns to shareholders of 285% over the past three years. Reported Earnings • Feb 25
First half 2023 earnings released: EPS: AU$0.078 (vs AU$0.075 in 1H 2022) First half 2023 results: EPS: AU$0.078 (up from AU$0.075 in 1H 2022). Revenue: AU$99.1m (up 46% from 1H 2022). Net income: AU$3.69m (up 33% from 1H 2022). Profit margin: 3.7% (down from 4.1% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • Feb 17
MaxiPARTS Limited to Report First Half, 2023 Results on Feb 24, 2023 MaxiPARTS Limited announced that they will report first half, 2023 results on Feb 24, 2023 Price Target Changed • Nov 16
Price target decreased to AU$3.60 Down from AU$4.00, the current price target is provided by 1 analyst. New target price is 80% above last closing price of AU$2.00. Stock is down 43% over the past year. The company is forecast to post earnings per share of AU$0.17 for next year compared to AU$0.12 last year. Announcement • Aug 30
MaxiPARTS Limited, Annual General Meeting, Oct 20, 2022 MaxiPARTS Limited, Annual General Meeting, Oct 20, 2022. Agenda: To consider the re-election of Ms Stirling to the board. Announcement • Aug 29
MaxiPARTS Limited Appoints Debra Stirling as an Independent, Non-Executive Director MaxiPARTS Limited announced the appointment of Debra Stirling as an independent, non-executive director of the company. Ms. Stirling is an experienced executive with a distinguished career holding various senior roles in the areas of corporate affairs, investor relations, people and communications, and environment at Newcrest Mining, Rinker, CSR and Coles Myer. Ms. Stirling is currently a Director of Scotch College and is a Director and Chair of the People, Culture and Remuneration Committee of Mission Australia. Ms. Stirling previously sat on the boards of Vicinity Centres Limited, Monash University Mining and Resources Advisory Board (Chair), MegaRail, the PNG Government Lae Technical Training Centre of Excellence Task Force and the Victorian Government Resources Roundtable. The company shareholders will be asked to vote on the re-election of Ms. Stirling to the board at the upcoming AGM on 20 October 2022. Upcoming Dividend • Aug 23
Upcoming dividend of AU$0.025 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 19 September 2022. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Australian dividend payers (6.4%). Lower than average of industry peers (3.1%). Reported Earnings • Aug 19
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: AU$0.12 (down from AU$0.15 in FY 2021). Revenue: AU$152.8m (up 33% from FY 2021). Net income: AU$4.91m (down 14% from FY 2021). Profit margin: 3.2% (down from 5.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 27%, compared to a 183% growth forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Aug 18
MaxiPARTS Limited Announces Ordinary Dividend for the Full Year Ended June 30, 2022, Payable on September 19, 2022 MaxiPARTS Limited announced the ordinary dividend of AUD 0.02500000 per share for the full year ended June 30, 2022. Payable on September 19, 2022. The ex-dividend date is August 30, 2022 and record date is on August 31, 2022. Recent Insider Transactions • Jun 11
Independent Non-Executive Director recently bought AU$103k worth of stock On the 3rd of June, Gino Butera bought around 50k shares on-market at roughly AU$2.06 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$293k more in shares than they have sold in the last 12 months. Announcement • May 19
MaxiPARTS Limited Announces Management Changes MaxiPARTS Limited announced the appointment of Liz Blockley as Company Secretary. Liz is currently Chief Financial Officer of MaxiPARTS and will take on the role of Company Secretary in addition to that role. Amanda Jones has resigned as General Manager, Corporate Services and Company Secretary to pursue other opportunities. The Board of MaxiPARTS thanks Ms. Jones for her valued contribution during her time at MaxiPARTS. Announcement • Apr 27
MaxiPARTS Limited Announces Board Changes MaxiPARTS Limited announced that Greg Sedgwick has resigned as a director and as Chair of the Remuneration & Human Resources Committee, effective immediately, to focus on other commitments. In addition, the Board of Directors has appointed Mary Verschuer as Deputy Chair. This is the next step in the Board renewal process announced previously, as Mr. Wylie has stated that he will not stand for re-election when his current term ends at the 2023 AGM. Price Target Changed • Apr 27
Price target decreased to AU$4.00 Down from AU$4.33, the current price target is provided by 1 analyst. New target price is 94% above last closing price of AU$2.06. Stock is up 18% over the past year. The company is forecast to post earnings per share of AU$0.16 for next year compared to AU$0.15 last year. Price Target Changed • Mar 11
Price target decreased to AU$4.00 Down from AU$4.33, the current price target is provided by 1 analyst. New target price is 82% above last closing price of AU$2.20. Stock is up 49% over the past year. The company is forecast to post earnings per share of AU$0.16 for next year compared to AU$0.15 last year. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to AU$2.08, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Machinery industry globally. Total returns to shareholders of 44% over the past three years. Buying Opportunity • Mar 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 32%. The fair value is estimated to be AU$3.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 52% per annum over the last 3 years. Earnings per share has grown by 63% per annum over the last 3 years. Reported Earnings • Feb 28
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down AU$5.70m from profit in 1H 2021). Profit margin: (down from 3.1% in 1H 2021). Over the next year, revenue is forecast to grow 15%, compared to a 66% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Feb 26
MaxiTRANS Industries Limited Provides Group Earnings Guidance for the Fiscal Year 2021 MaxiTRANS Industries Limited provided group earnings guidance for the fiscal year 2021. The Group issued revenue and profit guidance for the full year in its announcements to the market on 1 February 2022 of revenue $141 million to $145 million. Announcement • Feb 09
MaxiPARTS Limited has completed a Follow-on Equity Offering in the amount of AUD 15.361978 million. MaxiPARTS Limited has completed a Follow-on Equity Offering in the amount of AUD 15.361978 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,144,791
Price\Range: AUD 2.5
Discount Per Security: AUD 0.125
Transaction Features: Subsequent Direct Listing Announcement • Dec 03
MaxiPARTS Limited Announces Special Dividend, Payable on December 24, 2021 MaxiPARTS Limited announced that its directors have determined to pay a special dividend of 62.5 cents per share (fully franked). As previously communicated to shareholders, the special dividend ensures that shareholders receive a direct benefit from the sale of the Trailer Solutions Business and the Derrimut and Hallam properties. The record date will be December 9, 2021 and the payment date will be December 24, 2021. Board Change • Nov 05
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Chairman Rob Wylie is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improved over the past week After last week's 16% share price gain to AU$3.90, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Machinery industry globally. Total returns to shareholders of 41% over the past three years. Executive Departure • Sep 11
MD & CEO Dean Jenkins has left the company On the 3rd of September, Dean Jenkins' tenure as MD & CEO of the company ended after 4.5 years in the role. We don't have any record of a personal shareholding under Dean's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 3.50 years. Under Dean's leadership, the company delivered a total shareholder return of 16%. Recent Insider Transactions • Sep 03
MD, CEO & Executive Director recently bought AU$100k worth of stock On the 25th of August, Dean Jenkins bought around 28k shares on-market at roughly AU$3.59 per share. This was the largest purchase by an insider in the last 3 months. This was Dean's only on-market trade for the last 12 months. Recent Insider Transactions • Aug 28
MD, CEO & Executive Director recently bought AU$100k worth of stock On the 25th of August, Dean Jenkins bought around 140k shares on-market at roughly AU$0.72 per share. This was the largest purchase by an insider in the last 3 months. This was Dean's only on-market trade for the last 12 months. Announcement • Aug 20
MaxiTRANS Industries Limited Proposes Fully Franked Special Dividend to Be Paid as Part of the Funds Distribution from the Sale of the Trailer Solutions Group MaxiTRANS Industries Limited proposed a fully franked special dividend of 12.5c per share to be paid as part of the funds distribution from the sale of the Trailer Solutions Group. Reported Earnings • Aug 20
Full year 2021 earnings released: EPS AU$0.031 (vs AU$0.19 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: AU$114.6m (down 64% from FY 2020). Net income: AU$5.69m (up AU$41.2m from FY 2020). Profit margin: 5.0% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Mar 19
MaxiTRANS Industries Limited Announces Executive Cangas MaxiTRANS Industries Limited announced the appointment of Greg Sedgwick as an independent, non-executive director of the company. The appointment of Mr. Sedgwick is the next step in the Board renewal process that was started last year. Mr. Sedgwick is an experienced non-executive director. He is currently Chair of two private equity companies, Next Gen Clubs, a leisure business, and Ampcontrol, a technology and engineering services firm. Mr. Sedgwick has extensive local and international experience in the industrial and manufacturing sectors, including with BOC Ltd. and as CEO of listed building products company Crane Group Ltd. Mr. Sedgwick will assume the role of Chair of the Remuneration & Human Resources Committee in May 2021. Ms Samantha Hogg has resigned as a director and as Chair of the Audit & Risk Management Committee, effective from 19 March 2021, to focus on other commitments. Ms Mary Verschuer has agreed to assume the role of Chair of the Audit & Risk Management. Mr. Sedgwick will be subject to re-election to the Board at the Company's 2021 AGM. Executive Departure • Mar 19
Independent Non-Executive Director has left the company On the 19th of March, Samantha Hogg's tenure as Independent Non-Executive Director ended after 4.9 years in the role. We don't have any record of a personal shareholding under Samantha's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Feb 20
First half 2021 earnings released: EPS AU$0.031 (vs AU$0.078 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$184.6m (up 13% from 1H 2020). Net income: AU$5.70m (up AU$20.1m from 1H 2020). Profit margin: 3.1% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 77% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 20
Revenue beats expectations Revenue exceeded analyst estimates by 12%. Over the next year, revenue is expected to shrink by 1.4% compared to a 759% growth forecast for the Machinery industry in Australia. Is New 90 Day High Low • Nov 11
New 90-day high: AU$0.29 The company is up 93% from its price of AU$0.15 on 13 August 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 40% over the same period. Is New 90 Day High Low • Oct 22
New 90-day high: AU$0.28 The company is up 97% from its price of AU$0.14 on 23 July 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 43% over the same period. Is New 90 Day High Low • Sep 18
New 90-day high: AU$0.28 The company is up 90% from its price of AU$0.14 on 19 June 2020. The Australian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 27% over the same period. Announcement • Aug 24
MaxiTRANS Industries Limited Auditor Raises 'Going Concern' Doubt MaxiTRANS Industries Limited filed its Annual on Aug 20, 2020 for the period ending Jun 30, 2020. In this report its auditor, KPMG LLP - Klynveld Peat Marwick Goerdeler, gave an unqualified opinion expressing doubt that the company can continue as a going concern.