Analysts Have Made A Financial Statement On MAAS Group Holdings Limited's (ASX:MGH) Full-Year Report

It's been a good week for MAAS Group Holdings Limited (ASX:MGH) shareholders, because the company has just released its latest full-year results, and the shares gained 3.5% to AU$4.16. It was an okay report, and revenues came in at AU$517m, approximately in line with analyst estimates leading up to the results announcement. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on MAAS Group Holdings after the latest results.

See our latest analysis for MAAS Group Holdings

Taking into account the latest results, the consensus forecast from MAAS Group Holdings' four analysts is for revenues of AU$764.8m in 2023, which would reflect a major 48% improvement in sales compared to the last 12 months. Statutory earnings per share are predicted to shoot up 72% to AU$0.34. In the lead-up to this report, the analysts had been modelling revenues of AU$762.5m and earnings per share (EPS) of AU$0.34 in 2023. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

There were no changes to revenue or earnings estimates or the price target of AU$5.68, suggesting that the company has met expectations in its recent result. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic MAAS Group Holdings analyst has a price target of AU$5.90 per share, while the most pessimistic values it at AU$5.60. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the MAAS Group Holdings' past performance and to peers in the same industry. The period to the end of 2023 brings more of the same, according to the analysts, with revenue forecast to display 48% growth on an annualised basis. That is in line with its 50% annual growth over the past three years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 11% annually. So although MAAS Group Holdings is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting sales are tracking in line with expectations - and our data suggests that revenues are expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple MAAS Group Holdings analysts - going out to 2025, and you can see them free on our platform here.

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for MAAS Group Holdings (2 can't be ignored) you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.