ASX:MADCommercial Services
Mader Group (ASX:MAD) Shares Sit Below Fair Value After Record Revenue
Mader Group stock has been under pressure, with the share price down roughly 23% over the past three months and closing at A$6.42 today, even as the company posted another year of record revenue. The headline from this earnings season is simple: Mader Group delivered A$1.00b in revenue and A$65.4m in net profit after tax, while flipping from A$8.3m of net debt to A$35.7m of net cash.
Short term sentiment looks cautious. The bigger story now is whether that stronger balance sheet and...