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MGH

MAAS Group HoldingsASX:MGH Stock Report

Market Cap

AU$1.6b

7D

0.2%

1Y

n/a

Updated

20 Oct, 2021

Data

Company Financials +
MGH fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance2/6
Financial Health3/6
Dividends2/6

MGH Overview

MAAS Group Holdings Limited, together with subsidiaries, provides construction materials, equipment, and services for civil, infrastructure, and mining end markets in Australia and internationally.

MAAS Group Holdings Competitors

CIMIC Group

ASX:CIM

AU$6.4b

NRW Holdings

ASX:NWH

AU$846.6m

Holcim

SWX:HOLN

CHF27.7b

Mineral Resources

ASX:MIN

AU$8.1b

Price History & Performance

Summary of all time highs, changes and price drops for MAAS Group Holdings
Historical stock prices
Current Share PriceAU$5.35
52 Week HighAU$2.30
52 Week LowAU$6.32
Beta0
1 Month Change0.94%
3 Month Change13.83%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO97.42%

Recent News & Updates

Sep 05
Is MAAS Group Holdings Limited (ASX:MGH) Worth AU$4.8 Based On Its Intrinsic Value?

Is MAAS Group Holdings Limited (ASX:MGH) Worth AU$4.8 Based On Its Intrinsic Value?

How far off is MAAS Group Holdings Limited ( ASX:MGH ) from its intrinsic value? Using the most recent financial data...

Shareholder Returns

MGHAU ConstructionAU Market
7D0.2%0.05%1.7%
1Yn/a-3.1%20.2%

Return vs Industry: Insufficient data to determine how MGH performed against the Australian Construction industry.

Return vs Market: Insufficient data to determine how MGH performed against the Australian Market.

Price Volatility

Is MGH's price volatile compared to industry and market?
MGH volatility
MGH Beta0
Industry Beta0.99
Market Beta1

Stable Share Price: MGH is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MGH's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002n/aWes Maashttps://www.maasgroup.com.au

MAAS Group Holdings Limited, together with subsidiaries, provides construction materials, equipment, and services for civil, infrastructure, and mining end markets in Australia and internationally. The company operates through four segments: Civil, Construction, and Hire; Real Estate; Manufacturing; and Construction Materials. The Civil, Construction, and Hire segment engages in the construction of civil infrastructure, roads, dams, and mining infrastructure; and underground hard rock mining.

MAAS Group Holdings Fundamentals Summary

How do MAAS Group Holdings's earnings and revenue compare to its market cap?
MGH fundamental statistics
Market CapAU$1.56b
Earnings (TTM)AU$34.57m
Revenue (TTM)AU$277.56m

45.7x

P/E Ratio

5.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MGH income statement (TTM)
RevenueAU$277.56m
Cost of RevenueAU$145.44m
Gross ProfitAU$132.13m
ExpensesAU$97.56m
EarningsAU$34.57m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.12
Gross Margin47.60%
Net Profit Margin12.45%
Debt/Equity Ratio42.9%

How did MGH perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

35%

Payout Ratio

Does MGH pay a reliable dividends?

See MGH dividend history and benchmarks
When do you need to buy MGH by to receive an upcoming dividend?
MAAS Group Holdings dividend dates
Ex Dividend DateNov 12 2021
Dividend Pay DateDec 07 2021
Days until Ex dividend22 days
Days until Dividend pay date47 days

Does MGH pay a reliable dividends?

See MGH dividend history and benchmarks

Valuation

Is MAAS Group Holdings undervalued compared to its fair value and its price relative to the market?

45.69x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MGH (A$5.35) is trading above our estimate of fair value (A$3.9)

Significantly Below Fair Value: MGH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MGH is poor value based on its PE Ratio (45.7x) compared to the Australian Construction industry average (15.6x).

PE vs Market: MGH is poor value based on its PE Ratio (45.7x) compared to the Australian market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: MGH is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: MGH is overvalued based on its PB Ratio (6.2x) compared to the AU Construction industry average (2x).


Future Growth

How is MAAS Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

24.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MGH's forecast earnings growth (24.1% per year) is above the savings rate (1.9%).

Earnings vs Market: MGH's earnings (24.1% per year) are forecast to grow faster than the Australian market (11.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MGH's revenue (18.8% per year) is forecast to grow faster than the Australian market (5.4% per year).

High Growth Revenue: MGH's revenue (18.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MGH's Return on Equity is forecast to be low in 3 years time (18%).


Past Performance

How has MAAS Group Holdings performed over the past 5 years?

67.1%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: MGH has a large one-off gain of A$9.2M impacting its June 30 2021 financial results.

Growing Profit Margin: MGH's current net profit margins (12.5%) are higher than last year (10.7%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if MGH's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare MGH's past year earnings growth to its 5-year average.

Earnings vs Industry: MGH earnings growth over the past year (67.1%) exceeded the Construction industry 25%.


Return on Equity

High ROE: MGH's Return on Equity (13.7%) is considered low.


Financial Health

How is MAAS Group Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: MGH's short term assets (A$131.7M) exceed its short term liabilities (A$86.5M).

Long Term Liabilities: MGH's short term assets (A$131.7M) do not cover its long term liabilities (A$148.3M).


Debt to Equity History and Analysis

Debt Level: MGH's debt to equity ratio (42.9%) is considered high.

Reducing Debt: Insufficient data to determine if MGH's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: MGH's debt is well covered by operating cash flow (40.6%).

Interest Coverage: MGH's interest payments on its debt are well covered by EBIT (6.3x coverage).


Balance Sheet


Dividend

What is MAAS Group Holdings's current dividend yield, its reliability and sustainability?

1.12%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 20 2021Ex Dividend DateNov 12 2021Dividend Pay DateDec 07 202125 days from Ex DividendBuy in the next 22 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: MGH's dividend (1.12%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: MGH's dividend (1.12%) is low compared to the top 25% of dividend payers in the Australian market (5.33%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether MGH's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if MGH's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.8%), MGH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MGH's dividends in 3 years are forecast to be well covered by earnings (26.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average board tenure


CEO

Wes Maas

no data

Tenure

AU$346,689

Compensation

Mr. Wesley Jon Maas, also known as Wes, is Chief Executive Officer at MAAS Group Holdings Limited and had been its Executive Chairman since April 18, 2019. Mr. Maas has been Managing Director at MAAS Group...


CEO Compensation Analysis

Compensation vs Market: Wes's total compensation ($USD259.21K) is below average for companies of similar size in the Australian market ($USD989.90K).

Compensation vs Earnings: Wes's compensation has increased by more than 20% in the past year.


Board Members

Experienced Board: MGH's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: MGH only recently listed within the past 12 months.


Top Shareholders

Company Information

MAAS Group Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: MAAS Group Holdings Limited
  • Ticker: MGH
  • Exchange: ASX
  • Founded: 2002
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: AU$1.565b
  • Shares outstanding: 295.23m
  • Website: https://www.maasgroup.com.au

Location

  • MAAS Group Holdings Limited
  • 20L Sheraton Road
  • Dubbo
  • New South Wales
  • 2830
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 07:04
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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 here.