Mader Group Past Earnings Performance
Past criteria checks 5/6
Mader Group has been growing earnings at an average annual rate of 24.3%, while the Commercial Services industry saw earnings growing at 17.6% annually. Revenues have been growing at an average rate of 24.5% per year. Mader Group's return on equity is 26.3%, and it has net margins of 6.5%.
Key information
24.34%
Earnings growth rate
26.20%
EPS growth rate
| Commercial Services Industry Growth | 5.99% |
| Revenue growth rate | 24.53% |
| Return on equity | 26.27% |
| Net Margin | 6.51% |
| Last Earnings Update | 31 Dec 2025 |
Recent past performance updates
Recent updates
Analysis Article • Apr 30
With EPS Growth And More, Mader Group (ASX:MAD) Makes An Interesting Case
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Narrative Update • Feb 18
MAD: Higher Revenue Assumptions Will Support A More Optimistic Future Outlook
Analysts have raised their price target for Mader Group to A$10.40 from A$10.40, reflecting updated assumptions around revenue growth, profit margins and a slightly higher discount rate, while keeping the future P/E multiple broadly in line with prior estimates. Valuation Changes Fair Value: Kept steady at A$10.40, indicating no change in the central valuation estimate.
Narrative Update • Feb 04
MAD: Future P/E And Margins Will Support A Fairly Valued Outlook
Analysts have modestly adjusted their price target for Mader Group to A$8.29, reflecting updated assumptions for revenue growth, profit margins and future P/E. These changes fine tune their outlook rather than signal a major shift in view.Narrative Update • Jan 21
MAD: Higher Revenue Assumptions Will Support A More Optimistic Future Outlook
Analysts have lifted their fair value estimate for Mader Group from A$9.00 to A$10.40, reflecting updated assumptions for revenue growth, profit margins, the discount rate and future P/E multiples. Valuation Changes Fair value estimate was raised from A$9.00 to A$10.40 per share.
Narrative Update • Jan 07
MAD: Stable Margins And Earnings Assumptions Will Support Stronger Outlook
Analysts have adjusted their price target for Mader Group to A$9.15 from A$9.15, reflecting updated views on discount rate, revenue growth, profit margins and future P/E assumptions, while leaving their overall valuation conclusion effectively unchanged. Valuation Changes Fair Value: Fair value estimate is unchanged at A$9.15 per share.Analysis Article • Dec 25
With EPS Growth And More, Mader Group (ASX:MAD) Makes An Interesting Case
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Narrative Update • Dec 16
MAD: Future Earnings Multiple Is Expected To Offset Modest Margin Compression
Analysts have raised their price target for Mader Group from approximately $6.15 to $8.29 per share, citing expectations of slightly faster revenue growth and a higher future earnings multiple, despite a modestly lower profit margin and marginally higher discount rate. Valuation Changes Fair Value: increased from approximately A$6.15 to A$8.29 per share.Narrative Update • Dec 02
MAD: Updated Earnings Assumptions And Stable Margins Will Support Stronger Outlook
Analysts have raised their price target for Mader Group from $8.86 to $9.15 per share, citing updated fair value estimates along with modest adjustments to the discount rate and future price-earnings assumptions. Valuation Changes Fair Value Estimate has increased slightly from A$8.86 to A$9.15 per share.Narrative Update • Nov 18
MAD: Revenue Outlook And Dividend Payment Will Drive Balanced Performance
Narrative Update on Mader Group: Analyst Price Target Revised Analysts have raised their fair value estimate for Mader Group from $8.25 to $8.86, citing modest improvements in revenue growth and profit margins, as well as an upward revision in the projected price-to-earnings ratio. What's in the News Mader Group Limited declared a fully franked ordinary dividend of AUD 0.048 per share for the six months ended June 30, 2025.Analysis Article • Nov 03
Mader Group Limited's (ASX:MAD) Popularity With Investors Is Under Threat From Overpricing
With a price-to-earnings (or "P/E") ratio of 30.8x Mader Group Limited ( ASX:MAD ) may be sending bearish signals at...Analysis Article • Oct 21
Is Mader Group (ASX:MAD) Using Too Much Debt?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • Oct 01
Why You Should Care About Mader Group's (ASX:MAD) Strong Returns On Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...Narrative Update • Aug 27
Expansion Into Energy And Transport Logistics Will Diversify Future Revenue Streams
The consensus analyst price target for Mader Group has been raised to A$8.25, primarily reflecting higher revenue growth forecasts and an increased future P/E multiple. Valuation Changes Summary of Valuation Changes for Mader Group The Consensus Analyst Price Target has significantly risen from A$7.33 to A$8.25.Narrative Update • Aug 11
Expansion Into Energy And Transport Logistics Will Diversify Future Revenue Streams
The notable increase in Mader Group’s consensus price target is primarily attributed to a higher future P/E multiple, reflecting improved growth or sentiment, resulting in an upward revision of fair value from A$6.56 to A$7.33. Valuation Changes Summary of Valuation Changes for Mader Group The Consensus Analyst Price Target has significantly risen from A$6.56 to A$7.33.Analysis Article • May 15
We Think Mader Group (ASX:MAD) Can Stay On Top Of Its Debt
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
New Narrative • Feb 06
Expanding Into Energy And Transport Logistics Will Strengthen Future Prospects
Geographic diversification and entry into new industry verticals provide a strong foundation for Mader Group's future revenue growth.Analysis Article • Nov 19
Do Mader Group's (ASX:MAD) Earnings Warrant Your Attention?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Oct 30
Earnings Not Telling The Story For Mader Group Limited (ASX:MAD) After Shares Rise 28%
Mader Group Limited ( ASX:MAD ) shareholders would be excited to see that the share price has had a great month...Analysis Article • Sep 18
Mader Group (ASX:MAD) Has Announced That It Will Be Increasing Its Dividend To A$0.04
Mader Group Limited ( ASX:MAD ) will increase its dividend from last year's comparable payment on the 4th of October to...Analysis Article • Sep 04
Mader Group (ASX:MAD) Is Paying Out A Larger Dividend Than Last Year
Mader Group Limited ( ASX:MAD ) will increase its dividend from last year's comparable payment on the 4th of October to...Analysis Article • Aug 21
Earnings Release: Here's Why Analysts Cut Their Mader Group Limited (ASX:MAD) Price Target To AU$6.53
It's been a sad week for Mader Group Limited ( ASX:MAD ), who've watched their investment drop 11% to AU$5.37 in the...Analysis Article • Jun 19
Here's Why We Think Mader Group (ASX:MAD) Is Well Worth Watching
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Apr 08
Mader Group Limited's (ASX:MAD) Popularity With Investors Is Clear
Mader Group Limited's ( ASX:MAD ) price-to-earnings (or "P/E") ratio of 26.3x might make it look like a sell right now...Analysis Article • Mar 10
Is It Time To Consider Buying Mader Group Limited (ASX:MAD)?
Mader Group Limited ( ASX:MAD ), is not the largest company out there, but it received a lot of attention from a...Analysis Article • Jan 31
Mader Group's (ASX:MAD) Returns On Capital Not Reflecting Well On The Business
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Analysis Article • Dec 19
Investors Still Waiting For A Pull Back In Mader Group Limited (ASX:MAD)
When close to half the companies in Australia have price-to-earnings ratios (or "P/E's") below 18x, you may consider...Analysis Article • Nov 06
Does Mader Group (ASX:MAD) Deserve A Spot On Your Watchlist?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • Oct 23
Here's What's Concerning About Mader Group's (ASX:MAD) Returns On Capital
What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...Analysis Article • Oct 09
Mader Group Limited's (ASX:MAD) Intrinsic Value Is Potentially 86% Above Its Share Price
Key Insights Mader Group's estimated fair value is AU$11.34 based on 2 Stage Free Cash Flow to Equity Mader Group is...Analysis Article • Sep 21
We Think Mader Group (ASX:MAD) Can Stay On Top Of Its Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Jul 14
We Ran A Stock Scan For Earnings Growth And Mader Group (ASX:MAD) Passed With Ease
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Jun 30
Calculating The Intrinsic Value Of Mader Group Limited (ASX:MAD)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Mader Group fair value estimate is AU$5.95 Mader Group's...Analysis Article • May 30
What Does Mader Group Limited's (ASX:MAD) Share Price Indicate?
Mader Group Limited ( ASX:MAD ), is not the largest company out there, but it received a lot of attention from a...Analysis Article • Mar 20
Is Mader Group (ASX:MAD) Using Too Much Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Feb 23
Here's Why We Think Mader Group (ASX:MAD) Might Deserve Your Attention Today
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • Jan 24
Mader Group Limited's (ASX:MAD) Intrinsic Value Is Potentially 41% Above Its Share Price
Today we will run through one way of estimating the intrinsic value of Mader Group Limited ( ASX:MAD ) by taking the...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Mader Group makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 946 | 62 | 99 | 0 |
| 30 Sep 25 | 909 | 59 | 94 | 0 |
| 30 Jun 25 | 872 | 57 | 88 | 0 |
| 31 Mar 25 | 842 | 55 | 84 | 0 |
| 31 Dec 24 | 812 | 52 | 80 | 0 |
| 30 Sep 24 | 793 | 51 | 85 | 0 |
| 30 Jun 24 | 774 | 50 | 90 | 0 |
| 31 Mar 24 | 739 | 48 | 92 | 0 |
| 31 Dec 23 | 703 | 45 | 95 | 0 |
| 30 Sep 23 | 656 | 42 | 88 | 0 |
| 30 Jun 23 | 609 | 39 | 80 | 0 |
| 31 Mar 23 | 553 | 36 | 68 | 0 |
| 31 Dec 22 | 497 | 33 | 56 | 0 |
| 30 Sep 22 | 450 | 31 | 50 | 0 |
| 30 Jun 22 | 402 | 28 | 44 | 0 |
| 31 Mar 22 | 375 | 25 | 40 | 0 |
| 31 Dec 21 | 348 | 23 | 37 | 0 |
| 30 Sep 21 | 326 | 21 | 34 | 0 |
| 30 Jun 21 | 304 | 19 | 32 | 0 |
| 31 Mar 21 | 293 | 19 | 31 | 0 |
| 31 Dec 20 | 282 | 18 | 30 | 0 |
| 30 Sep 20 | 278 | 18 | 29 | 0 |
| 30 Jun 20 | 274 | 18 | 28 | 0 |
| 31 Mar 20 | 262 | 16 | 28 | 0 |
| 31 Dec 19 | 251 | 15 | 27 | 0 |
| 30 Sep 19 | 240 | 15 | 26 | 0 |
| 30 Jun 19 | 229 | 15 | 26 | 0 |
| 31 Mar 19 | 234 | 15 | 25 | 0 |
| 31 Dec 18 | 239 | 15 | 25 | 0 |
| 30 Sep 18 | 184 | 11 | 19 | 0 |
| 30 Jun 18 | 129 | 7 | 13 | 0 |
| 30 Jun 17 | 79 | 3 | 8 | 0 |
| 30 Jun 16 | 0 | 4 | 0 | 0 |
Quality Earnings: MAD has high quality earnings.
Growing Profit Margin: MAD's current net profit margins (6.5%) are higher than last year (6.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MAD's earnings have grown significantly by 24.3% per year over the past 5 years.
Accelerating Growth: MAD's earnings growth over the past year (18.1%) is below its 5-year average (24.3% per year).
Earnings vs Industry: MAD earnings growth over the past year (18.1%) exceeded the Commercial Services industry 13.8%.
Return on Equity
High ROE: MAD's Return on Equity (26.3%) is considered high.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/04 08:26 |
| End of Day Share Price | 2026/06/04 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Mader Group Limited is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Aryan Norozi | Barrenjoey Markets Pty Limited |
| Hamish Murray | Bell Potter |
| Joseph House | Bell Potter |