We’ve recently updated our valuation analysis.

MAAS Group Holdings Valuation

Is MGH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

[object Object] Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MGH?

Other financial metrics that can be useful for relative valuation.

MGH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.1x
Enterprise Value/EBITDA13x
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

How does MGH's PE Ratio compare to its peers?

The above table shows the PE ratio for MGH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average31.6x
NWH NRW Holdings
12.8x6.6%AU$1.2b
JLG Johns Lyng Group
76.1x20.8%AU$1.9b
MND Monadelphous Group
24.8x13.6%AU$1.3b
GNP GenusPlus Group
12.6xn/aAU$171.4m
MGH MAAS Group Holdings
13.4x22.3%AU$822.4m

Price-To-Earnings vs Peers: MGH is good value based on its Price-To-Earnings Ratio (13.4x) compared to the peer average (31.6x).


Price to Earnings Ratio vs Industry

How does MGH's PE Ratio compare vs other companies in the Global Construction Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.9%
n/an/an/a

Price-To-Earnings vs Industry: MGH is expensive based on its Price-To-Earnings Ratio (13.4x) compared to the Global Construction industry average (12x)


Price to Earnings Ratio vs Fair Ratio

What is MGH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MGH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.4x
Fair PE Ratio22.5x

Price-To-Earnings vs Fair Ratio: MGH is good value based on its Price-To-Earnings Ratio (13.4x) compared to the estimated Fair Price-To-Earnings Ratio (22.5x).


Share Price vs Fair Value

What is the Fair Price of MGH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MGH (A$2.64) is trading below our estimate of fair value (A$5.55)

Significantly Below Fair Value: MGH is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MGH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$2.64
AU$3.71
+40.3%
9.1%AU$4.01AU$3.20n/a5
Nov ’23AU$2.27
AU$5.23
+130.2%
12.0%AU$5.90AU$4.20n/a5
Oct ’23AU$3.16
AU$5.51
+74.2%
6.7%AU$5.90AU$4.81n/a5
Sep ’23AU$3.79
AU$5.68
+49.9%
2.2%AU$5.90AU$5.60n/a4
Aug ’23AU$4.07
AU$5.47
+34.3%
3.4%AU$5.60AU$5.20n/a3
Jul ’23AU$3.62
AU$5.48
+51.2%
4.4%AU$5.80AU$5.20n/a4
Jun ’23AU$4.65
AU$5.85
+25.8%
0.9%AU$5.90AU$5.80n/a2
May ’23AU$5.15
AU$5.85
+13.6%
0.9%AU$5.90AU$5.80n/a2
Apr ’23AU$4.75
AU$5.85
+23.2%
0.9%AU$5.90AU$5.80n/a2
Mar ’23AU$4.35
AU$5.83
+33.9%
0.4%AU$5.85AU$5.80n/a2
Feb ’23AU$4.45
AU$5.89
+32.2%
0.6%AU$5.92AU$5.85n/a2
Jan ’23AU$5.30
AU$5.89
+11.0%
0.6%AU$5.92AU$5.85n/a2
Dec ’22AU$5.15
AU$5.81
+12.8%
2.8%AU$5.97AU$5.65AU$2.502
Nov ’22AU$4.78
AU$5.81
+21.5%
2.8%AU$5.97AU$5.65AU$2.272
Oct ’22AU$5.20
AU$5.81
+11.7%
2.8%AU$5.97AU$5.65AU$3.162
Sep ’22AU$4.46
AU$5.81
+30.3%
2.8%AU$5.97AU$5.65AU$3.792
Aug ’22AU$4.62
AU$5.99
+29.5%
2.3%AU$6.12AU$5.85AU$4.072
Jul ’22AU$5.60
AU$5.99
+6.9%
2.3%AU$6.12AU$5.85AU$3.622
Jun ’22AU$4.60
AU$4.36
-5.3%
0.1%AU$4.36AU$4.35AU$4.652
May ’22AU$4.05
AU$4.36
+7.5%
0.1%AU$4.36AU$4.35AU$5.152
Apr ’22AU$3.41
AU$3.16
-7.5%
2.4%AU$3.23AU$3.08AU$4.752
Mar ’22AU$2.67
AU$3.16
+18.2%
2.4%AU$3.23AU$3.08AU$4.352
Feb ’22AU$2.60
AU$3.07
+17.9%
0.5%AU$3.08AU$3.05AU$4.452
Jan ’22AU$2.79
AU$3.07
+9.9%
0.5%AU$3.08AU$3.05AU$5.302

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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