MAAS Group Holdings Limited

ASX:MGH Stock Report

Market Cap: AU$1.5b

MAAS Group Holdings Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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$4.63) is trading below our estimate of fair value (A$10.07)

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

Key Valuation Metric

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

Key metric: As MGH is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MGH. This is calculated by dividing MGH's market cap by their current earnings.
What is MGH's PE Ratio?
PE Ratio20.9x
EarningsAU$72.96m
Market CapAU$1.53b

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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.3x
JLG Johns Lyng Group
25x11.9%AU$1.2b
SSM Service Stream
31.1x15.4%AU$1.0b
NWH NRW Holdings
17.1x11.0%AU$1.8b
MND Monadelphous Group
19.8x8.2%AU$1.2b
MGH MAAS Group Holdings
20.9x17.5%AU$1.5b

Price-To-Earnings vs Peers: MGH is good value based on its Price-To-Earnings Ratio (20.9x) compared to the peer average (23.3x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
MGH 20.9xIndustry Avg. 15.0xNo. of Companies3PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MGH is expensive based on its Price-To-Earnings Ratio (20.9x) compared to the Global Construction industry average (15x).

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 Ratio20.9x
Fair PE Ratio23.5x

Price-To-Earnings vs Fair Ratio: MGH is good value based on its Price-To-Earnings Ratio (20.9x) compared to the estimated Fair Price-To-Earnings Ratio (23.5x).

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$4.63
AU$5.28
+14.0%
4.6%AU$5.66AU$5.00n/a6
Nov ’25AU$4.70
AU$5.26
+11.9%
5.0%AU$5.66AU$4.95n/a6
Oct ’25AU$4.81
AU$5.03
+4.6%
2.3%AU$5.20AU$4.91n/a6
Sep ’25AU$4.58
AU$5.03
+9.9%
2.3%AU$5.20AU$4.91n/a6
Aug ’25AU$4.58
AU$4.75
+3.8%
5.5%AU$5.20AU$4.45n/a6
Jul ’25AU$4.22
AU$4.52
+7.0%
13.9%AU$5.20AU$3.10n/a7
Jun ’25AU$4.21
AU$4.52
+7.3%
13.9%AU$5.20AU$3.10n/a7
May ’25AU$4.26
AU$4.51
+5.9%
13.7%AU$5.15AU$3.10n/a7
Apr ’25AU$4.50
AU$4.40
-2.3%
12.8%AU$5.00AU$3.10n/a7
Mar ’25AU$4.57
AU$4.31
-5.7%
11.8%AU$4.67AU$3.10n/a7
Feb ’25AU$3.98
AU$3.95
-0.7%
12.2%AU$4.55AU$3.10n/a7
Jan ’25AU$3.90
AU$3.95
+1.4%
12.2%AU$4.55AU$3.10n/a7
Dec ’24AU$3.61
AU$3.71
+2.7%
9.6%AU$4.25AU$3.10n/a7
Nov ’24AU$3.38
AU$3.62
+7.0%
8.3%AU$4.05AU$3.10AU$4.706
Oct ’24AU$3.32
AU$3.61
+8.9%
7.9%AU$3.95AU$3.10AU$4.816
Sep ’24AU$3.27
AU$3.58
+9.5%
9.7%AU$3.95AU$2.90AU$4.586
Aug ’24AU$2.95
AU$3.44
+16.7%
8.0%AU$3.70AU$2.90AU$4.586
Jul ’24AU$2.65
AU$3.60
+35.8%
4.8%AU$3.85AU$3.30AU$4.226
Jun ’24AU$3.37
AU$3.88
+15.3%
10.7%AU$4.51AU$3.10AU$4.216
May ’24AU$3.12
AU$3.88
+24.5%
10.7%AU$4.51AU$3.10AU$4.266
Apr ’24AU$2.80
AU$3.85
+37.6%
10.7%AU$4.51AU$3.10AU$4.506
Mar ’24AU$2.53
AU$3.85
+52.2%
10.7%AU$4.51AU$3.10AU$4.576
Feb ’24AU$2.83
AU$3.84
+35.6%
7.5%AU$4.20AU$3.40AU$3.986
Jan ’24AU$2.66
AU$3.79
+42.4%
9.5%AU$4.20AU$3.20AU$3.906
Dec ’23AU$2.50
AU$3.87
+54.6%
14.5%AU$4.81AU$3.20AU$3.615
Nov ’23AU$2.27
AU$5.23
+130.2%
12.0%AU$5.90AU$4.20AU$3.385

Analyst Forecast: Target price is less than 20% higher than the current share price.

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