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$4.46) is trading below our estimate of fair value (A$8.66)

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?

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/EBITDA12.9x
PEG Ratio0.9x

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 Average27.8x
JLG Johns Lyng Group
38.5x16.8%AU$1.7b
SSM Service Stream
33x24.4%AU$774.8m
NWH NRW Holdings
14.6x14.0%AU$1.3b
MND Monadelphous Group
25.3x12.0%AU$1.4b
MGH MAAS Group Holdings
19.3x20.7%AU$1.5b

Price-To-Earnings vs Peers: MGH is good value based on its Price-To-Earnings Ratio (19.3x) compared to the peer average (27.8x).


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/a17.7%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a17.7%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: MGH is expensive based on its Price-To-Earnings Ratio (19.3x) compared to the Global Construction industry average (14.8x).


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 Ratio19.3x
Fair PE Ratio22.4x

Price-To-Earnings vs Fair Ratio: MGH is good value based on its Price-To-Earnings Ratio (19.3x) compared to the estimated Fair Price-To-Earnings Ratio (22.4x).


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$4.46
AU$4.40
-1.4%
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$3.10n/a6
Oct ’24AU$3.32
AU$3.61
+8.9%
7.9%AU$3.95AU$3.10n/a6
Sep ’24AU$3.27
AU$3.58
+9.5%
9.7%AU$3.95AU$2.90n/a6
Aug ’24AU$2.95
AU$3.44
+16.7%
8.0%AU$3.70AU$2.90n/a6
Jul ’24AU$2.65
AU$3.60
+35.8%
4.8%AU$3.85AU$3.30n/a6
Jun ’24AU$3.37
AU$3.88
+15.3%
10.7%AU$4.51AU$3.10n/a6
May ’24AU$3.12
AU$3.88
+24.5%
10.7%AU$4.51AU$3.10n/a6
Apr ’24AU$2.80
AU$3.85
+37.6%
10.7%AU$4.51AU$3.10n/a6
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
Oct ’23AU$3.16
AU$5.51
+74.2%
6.7%AU$5.90AU$4.81AU$3.325
Sep ’23AU$3.79
AU$5.68
+49.9%
2.2%AU$5.90AU$5.60AU$3.274
Aug ’23AU$4.07
AU$5.47
+34.3%
3.4%AU$5.60AU$5.20AU$2.953
Jul ’23AU$3.62
AU$5.48
+51.2%
4.4%AU$5.80AU$5.20AU$2.654
Jun ’23AU$4.65
AU$5.85
+25.8%
0.9%AU$5.90AU$5.80AU$3.372
May ’23AU$5.15
AU$5.85
+13.6%
0.9%AU$5.90AU$5.80AU$3.122
Apr ’23AU$4.75
AU$5.85
+23.2%
0.9%AU$5.90AU$5.80AU$2.802
Mar ’23AU$4.35
AU$5.83
+33.9%
0.4%AU$5.85AU$5.80AU$2.532

Analyst Forecast: Target price is lower than the current share price.


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