Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. MD & Director Zoran Bebic was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Feb 25
Monadelphous Group Limited Announces Ordinary Fully Franked Dividend for the Six Months Ended December 31, 2025, Payable on March 27, 2026 Monadelphous Group Limited announced ordinary fully franked dividend of AUD 0.49000000 per security for the Six Months Ended December 31, 2025. Payment Date: March 27, 2026. Ex Date: March 5, 2026. Record Date: March 6, 2026. Annonce • Oct 30
Monadelphous Group Limited (ASX:MND) agreed to acquire Kerman Contracting Pty Ltd. Monadelphous Group Limited (ASX:MND) agreed to acquire Kerman Contracting Pty Ltd on October 30, 2025. The purchase consideration will comprise an issue of Monadelphous shares to the value of AUD 15 million, in addition to a cash payment equivalent to the net cash of the business. Annonce • Sep 30
Monadelphous Group Limited, Annual General Meeting, Nov 25, 2025 Monadelphous Group Limited, Annual General Meeting, Nov 25, 2025. Annonce • Aug 21
Monadelphous Group Limited Announces Ordinary Fully Paid Dividend for the Period of Six Months Ending June 30, 2025, Payable on September 25, 2025 Monadelphous Group Limited announced Ordinary Fully Paid dividend of AUD 0.39000000 for the period of six months ending June 30, 2025. Record date: September 4, 2025. Ex date: September 3, 2025. Payment on September 25, 2025. Annonce • Aug 19
Monadelphous Group Limited to Report Fiscal Year 2025 Final Results on Oct 20, 2025 Monadelphous Group Limited announced that they will report fiscal year 2025 final results at 9:00 AM, E. Australia Standard Time on Oct 20, 2025 Annonce • Apr 29
Monadelphous Group Limited (ASX:MND) agreed to acquire High Energy Service for AUD 21.5 million. Monadelphous Group Limited (ASX:MND) agreed to acquire High Energy Service for AUD 21.5 million on April 29, 2025. A cash consideration of AUD 21.5 million will be paid by Monadelphous Group Limited followed by a purchase price adjustment in accordance with the final net working capital position at completion.
The expected completion of the transaction is July 31, 2025. Annonce • Feb 18
Monadelphous Group Limited Announces Ordinary Fully Franked Dividend for Six Months Ended 31 December 2024, Payable on March 28, 2025 Monadelphous Group Limited announced ordinary fully franked dividend of AUD 0.33000000 per security for six months ended 31 December 2024, payable on March 28, 2025. Record date is March 7, 2025; Ex Date: March 6, 2025. Annonce • Jan 24
Monadelphous Group Limited Provides Earnings Guidance for the Six Months Ended December 31, 2024 Monadelphous Group Limited provided earnings guidance for the six months ended December 31, 2024. For the six months, the company's 's Profit after Tax for the six months ended 31 December 2024 is expected to exceed consensus estimates. Profit after Tax for the period ended 31 December 2024 is currently expected to be in the range of $40 million to $43 million. Declared Dividend • Aug 22
Final dividend of AU$0.33 announced Shareholders will receive a dividend of AU$0.33. Ex-date: 5th September 2024 Payment date: 27th September 2024 Dividend yield will be 6.2%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is covered by cash flows (65% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share is expected to grow by 26% over the next 3 years, which should maintain adequate earnings cover for the dividend. Annonce • Aug 22
Monadelphous Group Limited Announces Ordinary Fully Franked Dividend for the Six Months Ended June 30, 2024, Payable on September 27, 2024 Monadelphous Group Limited announced ordinary fully franked dividend of AUD 0.33000000 per security for the six months ended June 30, 2024. Record date is September 6, 2024, ex-date is September 5, 2024 and payable date is September 27, 2024. Reported Earnings • Aug 20
Full year 2024 earnings released: EPS: AU$0.64 (vs AU$0.56 in FY 2023) Full year 2024 results: EPS: AU$0.64 (up from AU$0.56 in FY 2023). Revenue: AU$2.02b (up 17% from FY 2023). Net income: AU$62.2m (up 16% from FY 2023). Profit margin: 3.1% (in line with FY 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €6.35, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Construction industry in Europe. Negligible returns to shareholders over past three years. Upcoming Dividend • Feb 28
Upcoming dividend of AU$0.25 per share Eligible shareholders must have bought the stock before 06 March 2024. Payment date: 28 March 2024. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (4.1%). Declared Dividend • Feb 22
First half dividend of AU$0.25 announced Shareholders will receive a dividend of AU$0.25. Ex-date: 6th March 2024 Payment date: 28th March 2024 Dividend yield will be 4.8%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (88% earnings payout ratio) and cash flows (34% 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 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 21
First half 2024 earnings released: EPS: AU$0.31 (vs AU$0.30 in 1H 2023) First half 2024 results: EPS: AU$0.31 (up from AU$0.30 in 1H 2023). Revenue: AU$1.00b (up 12% from 1H 2023). Net income: AU$30.1m (up 3.2% from 1H 2023). Profit margin: 3.0% (down from 3.2% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year. Upcoming Dividend • Aug 31
Upcoming dividend of AU$0.25 per share at 3.3% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 29 September 2023. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.0%). Reported Earnings • Aug 22
Full year 2023 earnings released: EPS: AU$0.56 (vs AU$0.55 in FY 2022) Full year 2023 results: EPS: AU$0.56 (up from AU$0.55 in FY 2022). Revenue: AU$1.73b (down 4.7% from FY 2022). Net income: AU$53.5m (up 2.5% from FY 2022). Profit margin: 3.1% (up from 2.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Construction industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Annonce • May 18
Monadelphous Group Limited (ASX:MND) entered into an agreement to acquire BMC Welding & Construction Pty. Ltd. for AUD 22 million. Monadelphous Group Limited (ASX:MND) entered into an agreement to acquire BMC Welding & Construction Pty. Ltd. for AUD 22 million on May 17, 2023. Monadelphous will make an initial cash payment of AUD 22 million followed by a purchase price adjustment in accordance with the final net working capital position at completion. The acquisition of BMC is a key enabler to Monadelphous’ strategic efforts in developing its presence in the east coast-based energy generation, transmission and storage market, supporting Australia’s transition to clean energy. BMC’s geographical location further strengthens Monadelphous’ position as a maintenance services provider to the growing offshore oil and gas decommissioning sector on the east coast of Australia. The transaction is subject to the satisfaction of a number of conditions precedent usual in transactions of this nature. The transaction is expected to close by the end of this financial year. Upcoming Dividend • Mar 02
Upcoming dividend of AU$0.24 per share at 4.1% yield Eligible shareholders must have bought the stock before 09 March 2023. Payment date: 31 March 2023. Payout ratio and cash payout ratio are on the higher end at 91% and 84% respectively. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (4.1%). Reported Earnings • Feb 21
First half 2023 earnings released: EPS: AU$0.30 (vs AU$0.32 in 1H 2022) First half 2023 results: EPS: AU$0.30 (down from AU$0.32 in 1H 2022). Revenue: AU$896.8m (down 9.9% from 1H 2022). Net income: AU$29.1m (down 3.1% from 1H 2022). Profit margin: 3.2% (up from 3.0% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Ric Buratto was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 01
Upcoming dividend of AU$0.25 per share Eligible shareholders must have bought the stock before 08 September 2022. Payment date: 30 September 2022. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (4.1%). Reported Earnings • Aug 28
Full year 2022 earnings released: EPS: AU$0.55 (vs AU$0.50 in FY 2021) Full year 2022 results: EPS: AU$0.55 (up from AU$0.50 in FY 2021). Revenue: AU$1.81b (up 3.2% from FY 2021). Net income: AU$52.2m (up 11% from FY 2021). Profit margin: 2.9% (up from 2.7% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.9%, compared to a 2.8% growth forecast for the Construction industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 1% per year. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 21% share price gain to €9.35, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 10x in the Construction industry in Europe. Total returns to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.99 per share. Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Ric Buratto was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Ric Buratto was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Jun 11
Now 20% undervalued Over the last 90 days, the stock is up 5.5%. The fair value is estimated to be €9.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 4.5% in 2 years. Earnings is forecast to grow by 37% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improved over the past week After last week's 20% share price gain to €8.35, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 12x in the Construction industry in Europe. Total loss to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.70 per share. Reported Earnings • Feb 24
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: EPS: AU$0.32 (down from AU$0.33 in 1H 2021). Revenue: AU$995.1m (up 18% from 1H 2021). Net income: AU$30.1m (down 4.8% from 1H 2021). Profit margin: 3.0% (down from 3.7% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.5%. Over the next year, revenue is forecast to stay flat compared to a 11% growth forecast for the industry in Germany. 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 14% per year. Executive Departure • Nov 29
Independent Non-Executive Director Christopher Michelmore has left the company On the 23rd of November, Christopher Michelmore's tenure as Independent Non-Executive Director ended after 14.2 years in the role. As of September 2021, Christopher still personally held 50.00k shares (€280k worth at the time). Christopher is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 7.08 years. Board Change • Oct 13
High number of new directors Non-Executive Director Ric Buratto was the last director to join the board, commencing their role in 2021. Recent Insider Transactions • Sep 10
Independent Non-Executive Director recently bought €247k worth of stock On the 9th of September, Dietmar Voss bought around 40k shares on-market at roughly €6.22 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €437k more in shares than they have sold in the last 12 months. Upcoming Dividend • Sep 02
Upcoming dividend of AU$0.21 per share Eligible shareholders must have bought the stock before 09 September 2021. Payment date: 01 October 2021. Trailing yield: 4.2%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (3.1%). Reported Earnings • Aug 24
Full year 2021 earnings released: EPS AU$0.50 (vs AU$0.39 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$1.75b (up 18% from FY 2020). Net income: AU$47.1m (up 29% from FY 2020). Profit margin: 2.7% (up from 2.5% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • May 23
Independent Non-Executive Director recently bought €190k worth of stock On the 19th of May, Dietmar Voss bought around 30k shares on-market at roughly €6.31 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to AU$6.70, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Construction industry in Europe. Total loss to shareholders of 27% over the past three years. Is New 90 Day High Low • Mar 05
New 90-day low: €7.05 The company is down 19% from its price of €8.75 on 04 December 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.48 per share. Reported Earnings • Feb 24
First half 2021 earnings released: EPS AU$0.33 (vs AU$0.30 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: AU$842.4m (up 8.3% from 1H 2020). Net income: AU$31.6m (up 11% from 1H 2020). Profit margin: 3.7% (in line with 1H 2020). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 23
Revenue misses expectations Revenue missed analyst estimates by 3.5%. Over the next year, revenue is forecast to grow 17%, compared to a 6.4% growth forecast for the Construction industry in Germany. Is New 90 Day High Low • Dec 05
New 90-day high: €8.75 The company is up 33% from its price of €6.60 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.23 per share. Is New 90 Day High Low • Nov 19
New 90-day high: €7.00 The company is up 7.0% from its price of €6.55 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.29 per share. 
