Monadelphous Group Future Growth
Future criteria checks 2/6
Monadelphous Group is forecast to grow earnings and revenue by 5.9% and 4.5% per annum respectively. EPS is expected to grow by 5.6% per annum. Return on equity is forecast to be 22.4% in 3 years.
Key information
5.9%
Earnings growth rate
5.60%
EPS growth rate
| Construction earnings growth | 18.4% |
| Revenue growth rate | 4.5% |
| Future return on equity | 22.40% |
| Analyst coverage | Good |
| Last updated | 13 Jun 2026 |
Recent future growth updates
Recent updates
Narrative Update • Jun 18
MND: Rich P/E And Brigalow Contract Will Likely Restrain Future Returns
Analysts have lifted their price target for Monadelphous Group stock from A$19.59 to A$19.89, citing updated assumptions around revenue growth, profit margins, and a lower estimated future P/E multiple. What’s in the News for Monadelphous Group Monadelphous Group secured a A$380 million contract from CS Energy to deliver balance of plant construction for the Brigalow Peaking Power Plant near Chinchilla, Queensland, including civil and mechanical works, piping, and installation of 12 aeroderivative gas turbine generator units.
Narrative Update • Jun 03
MND: New Contract Wins Will Support A$37 Fair Value Confidence
Analysts have kept their A$37.00 price target for Monadelphous Group unchanged, pointing to relatively stable assumptions around discount rate, revenue growth, profit margin and future P/E as the key drivers behind this steady view. What's in the News Secured approximately A$120 million in new construction and maintenance contracts across resources and renewable energy projects, according to recent news reports.Narrative Update • May 18
MND: Rich P/E And March 2026 Dividend Will Likely Restrain Future Returns
Analysts have kept their fair value estimate for Monadelphous Group steady at A$19.59, with modest tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions contributing to a refreshed price target narrative. What's in the News Monadelphous Group declared an ordinary fully franked dividend of A$0.49 per security for the six months ended 31 December 2025, signalling a cash return to shareholders tied to this reporting period (Key Developments).Narrative Update • May 04
MND: Rich P/E And March Dividend Will Likely Restrain Future Returns
Analysts have kept their A$19.59 price target for Monadelphous Group broadly unchanged, citing only minor adjustments in discount rate, revenue growth, profit margin and future P/E assumptions as reasons for maintaining this view. What's in the News Monadelphous Group declared an ordinary fully franked dividend of A$0.49 per security for the six months ended 31 December 2025, signaling a cash return to shareholders for that period (Key Developments).Narrative Update • Apr 20
MND: Upcoming Franked Dividend Will Support A$37 Fair Value Confidence
Analysts now hold Monadelphous Group's fair value steady at A$37.00. Small adjustments to discount rate, revenue growth, profit margin and future P/E assumptions underpin this unchanged price target view.Narrative Update • Apr 05
MND: Rich P/E And Dividend Outlook Will Likely Restrain Future Returns
Analysts have raised the Monadelphous Group price target from A$17.40 to approximately A$19.59, reflecting updated assumptions around revenue growth, profit margins and the stock's future P/E. What's in the News Announced an ordinary fully franked dividend of A$0.49 per security for the six months ended December 31, 2025, which gives investors clearer visibility on upcoming income timing (company announcement).
Narrative Update • Mar 21
MND: Higher Fair Value And Upcoming Dividend Will Likely Support Upside
Analysts have raised their price target on Monadelphous Group from A$25.63 to A$30.96, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. What's in the News Monadelphous Group declared an ordinary fully franked dividend of A$0.49 per security for the six months ended December 31, 2025, giving investors a clear view of cash returns over that period (Key Developments).Narrative Update • Mar 07
MND: Higher Dividend Visibility Will Support A$37 Fair Value Outlook
Analysts have lifted their price target on Monadelphous Group from A$24.40 to A$37.00. This change reflects updated assumptions for revenue growth, profit margins and a higher future P/E multiple.Narrative Update • Feb 21
MND: Acquisition Push Will Likely Sustain Downside Risk Despite Higher Fair Value
Analysts have lifted their price target for Monadelphous Group to A$25.63 from A$24.05, citing updated assumptions for revenue growth, profit margin, discount rate and future P/E that collectively support a higher assessed fair value. What's in the News Monadelphous Group plans to look for acquisitions, supported by what it describes as a strong balance sheet, as outlined at the 2025 Annual General Meeting.Narrative Update • Feb 07
MND: Acquisition Push And Rich P/E Will Likely Cap Future Returns
Analysts have trimmed their price target on Monadelphous Group from A$24.24 to A$22.89, reflecting updated assumptions around a higher discount rate, slightly firmer profit margins and adjustments to expected revenue growth. What's in the News Monadelphous Group plans to look for acquisitions, backed by what management describes as a strong balance sheet, as outlined at the 2025 Annual General Meeting (Key Developments).Narrative Update • Jan 24
MND: Acquisition-Led Expansion Will Likely Sustain Downside Risk Despite Higher Fair Value Estimate
Analysts have lifted their price target on Monadelphous Group to A$24.05 from A$23.39, citing updated assumptions around revenue growth, discount rates, profit margins and future P/E as the key drivers of their revised view. What's in the News At the 2025 Annual General Meeting, Managing Director Zoran Bebic said Monadelphous Group will look for acquisitions, supported by what he described as a strong balance sheet.Narrative Update • Jan 09
MND: Acquisition Push For Resilience Will Likely Sustain Downside Risk
Analysts have kept their fair value estimate for Monadelphous Group steady at A$23.39 per share, with only very small tweaks to assumptions such as the discount rate, revenue growth, profit margin and future P/E informing the updated price target narrative. What's in the News Monadelphous Group plans to look for acquisitions, with management indicating an intention to pursue targeted acquisition opportunities to support long term growth (Key Developments).Narrative Update • Dec 24
MND: Acquisition Ambitions Will Likely Struggle To Justify Elevated Share Price
Analysts have modestly raised their price target for Monadelphous Group from $15.95 to $17.40. This change reflects expectations of stronger revenue growth and a slightly higher future earnings multiple, partly offset by a marginally lower profit margin outlook and a higher assumed discount rate.Analysis Article • Dec 15
With EPS Growth And More, Monadelphous Group (ASX:MND) Makes An Interesting Case
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Narrative Update • Dec 10
MND: Acquisition-Led Expansion Will Likely Leave Shares Vulnerable To Downside
Analysts have raised their price target for Monadelphous Group slightly to A$23.39, citing a marginally higher discount rate and future P/E assumptions, while keeping revenue growth and profit margin forecasts broadly unchanged. What's in the News Monadelphous Group signalled it will actively pursue acquisitions to support long term growth, leveraging its strong balance sheet to fund deals.Narrative Update • Nov 25
MND: Higher Discount Rate And Marginal Profits Will Limit Upside
Analysts have increased their price target for Monadelphous Group from $21.82 to $23.39. They cite improved revenue growth expectations as the primary driver behind the upward adjustment.Narrative Update • Nov 11
MND: Rising Discount Rate and High P/E Will Challenge Future Returns
Analysts have raised their price target for Monadelphous Group from $20.41 to $21.82. This reflects improved expectations for revenue growth and profit margins.Analysis Article • Nov 10
Monadelphous Group (ASX:MND) Might Have The Makings Of A Multi-Bagger
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Analysis Article • Oct 02
Monadelphous Group (ASX:MND) Has A Rock Solid Balance Sheet
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Narrative Update • Sep 26
Decarbonisation And Battery Storage Will Shape Future Markets
The upward revision of Monadelphous Group’s consensus price target reflects improved analyst expectations, underpinned by slight increases in both future P/E and revenue growth forecasts, with fair value rising from A$19.43 to A$20.41. What's in the News Monadelphous Group announced an ordinary fully paid dividend of AUD 0.39 for the six months ending June 30, 2025.Analysis Article • Sep 10
Estimating The Fair Value Of Monadelphous Group Limited (ASX:MND)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Monadelphous Group fair value estimate is AU$21.35 With...Narrative Update • Aug 25
New $17 Billion Contracts And Renewable Focus Will Drive Future Opportunities
The uplift in Monadelphous Group’s Consensus Analyst Price Target primarily reflects improved revenue growth forecasts and a higher expected future P/E multiple, raising fair value from A$16.94 to A$19.43. What's in the News Monadelphous Group Limited announced an ordinary fully paid dividend of AUD 0.39 for the six months ending June 30, 2025.Narrative Update • Aug 10
New $17 Billion Contracts And Renewable Focus Will Drive Future Opportunities
Despite a notable downward revision in revenue growth forecasts and a higher discount rate, the consensus analyst price target for Monadelphous Group has increased from A$16.11 to A$16.94. Valuation Changes Summary of Valuation Changes for Monadelphous Group The Consensus Analyst Price Target has risen from A$16.11 to A$16.94.Analysis Article • Aug 05
Is Monadelphous Group Limited (ASX:MND) Potentially Undervalued?
While Monadelphous Group Limited ( ASX:MND ) might not have the largest market cap around , it led the ASX gainers with...Analysis Article • Jul 17
Here's What To Make Of Monadelphous Group's (ASX:MND) Decelerating Rates Of Return
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Apr 07
Investors Met With Slowing Returns on Capital At Monadelphous Group (ASX:MND)
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...Analysis Article • Mar 21
Are Investors Undervaluing Monadelphous Group Limited (ASX:MND) By 26%?
Key Insights The projected fair value for Monadelphous Group is AU$21.20 based on 2 Stage Free Cash Flow to Equity...
New Narrative • Mar 11
New $17 Billion Contracts And Renewable Focus Will Drive Future Opportunities
Securing new contracts across diverse sectors and major energy players boosts future revenue and signals strong market demand.Analysis Article • Mar 07
These 4 Measures Indicate That Monadelphous Group (ASX:MND) Is Using Debt Safely
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Feb 19
Should You Think About Buying Monadelphous Group Limited (ASX:MND) Now?
While Monadelphous Group Limited ( ASX:MND ) might not have the largest market cap around , it led the ASX gainers with...Analysis Article • Dec 06
Monadelphous Group (ASX:MND) Has Some Way To Go To Become A Multi-Bagger
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Sep 07
Monadelphous Group Limited's (ASX:MND) Share Price Not Quite Adding Up
There wouldn't be many who think Monadelphous Group Limited's ( ASX:MND ) price-to-earnings (or "P/E") ratio of 18.8x...Analysis Article • Aug 22
Monadelphous Group's (ASX:MND) Upcoming Dividend Will Be Larger Than Last Year's
The board of Monadelphous Group Limited ( ASX:MND ) has announced that it will be paying its dividend of A$0.33 on the...Analysis Article • Aug 21
The Returns At Monadelphous Group (ASX:MND) Aren't Growing
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • May 27
Monadelphous Group Limited's (ASX:MND) Popularity With Investors Is Under Threat From Overpricing
Monadelphous Group Limited's ( ASX:MND ) price-to-earnings (or "P/E") ratio of 25.1x might make it look like a sell...Analysis Article • Feb 21
Monadelphous Group Limited Just Missed Earnings - But Analysts Have Updated Their Models
Monadelphous Group Limited ( ASX:MND ) came out with its half-yearly results last week, and we wanted to see how the...Analysis Article • Jan 25
Is It Too Late To Consider Buying Monadelphous Group Limited (ASX:MND)?
Monadelphous Group Limited ( ASX:MND ), is not the largest company out there, but it saw significant share price...Analysis Article • Aug 28
Monadelphous Group (ASX:MND) Is Due To Pay A Dividend Of A$0.25
Monadelphous Group Limited ( ASX:MND ) will pay a dividend of A$0.25 on the 29th of September. This payment means that...Analysis Article • Jul 14
Is Monadelphous Group Limited (ASX:MND) Potentially Undervalued?
While Monadelphous Group Limited ( ASX:MND ) might not be the most widely known stock at the moment, it saw significant...Analysis Article • Jun 01
Monadelphous Group (ASX:MND) Is Reinvesting At Lower Rates Of Return
There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Analysis Article • Feb 21
Is Monadelphous Group (ASX:MND) Using Too Much Debt?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 6/30/2028 | 3,129 | 131 | 129 | 174 | 9 |
| 6/30/2027 | 3,036 | 126 | 116 | 164 | 10 |
| 6/30/2026 | 2,937 | 125 | 137 | 189 | 10 |
| 12/31/2025 | 2,578 | 106 | 128 | 159 | N/A |
| 9/30/2025 | 2,370 | 95 | 98 | 120 | N/A |
| 6/30/2025 | 2,163 | 84 | 67 | 81 | N/A |
| 3/31/2025 | 2,100 | 79 | 74 | 107 | N/A |
| 12/31/2024 | 2,037 | 75 | 80 | 133 | N/A |
| 9/30/2024 | 2,026 | 68 | 89 | 161 | N/A |
| 6/30/2024 | 2,016 | 62 | 99 | 188 | N/A |
| 3/31/2024 | 1,924 | 58 | 121 | 194 | N/A |
| 12/31/2023 | 1,832 | 54 | 142 | 201 | N/A |
| 9/30/2023 | 1,779 | 54 | 108 | 147 | N/A |
| 6/30/2023 | 1,726 | 54 | 74 | 93 | N/A |
| 3/31/2023 | 1,719 | 52 | 63 | 74 | N/A |
| 12/31/2022 | 1,712 | 51 | 52 | 55 | N/A |
| 9/30/2022 | 1,761 | 52 | 54 | 60 | N/A |
| 6/30/2022 | 1,810 | 52 | 55 | 65 | N/A |
| 3/31/2022 | 1,859 | 49 | 68 | 80 | N/A |
| 12/31/2021 | 1,907 | 46 | 82 | 94 | N/A |
| 9/30/2021 | 1,831 | 46 | 50 | 61 | N/A |
| 6/30/2021 | 1,754 | 47 | 19 | 27 | N/A |
| 3/31/2021 | 1,654 | 43 | 35 | 45 | N/A |
| 12/31/2020 | 1,554 | 40 | 51 | 62 | N/A |
| 9/30/2020 | 1,521 | 38 | 79 | 91 | N/A |
| 6/30/2020 | 1,489 | 36 | 106 | 119 | N/A |
| 3/31/2020 | 1,484 | 42 | 63 | 79 | N/A |
| 12/31/2019 | 1,479 | 48 | 19 | 39 | N/A |
| 9/30/2019 | 1,479 | 49 | N/A | 28 | N/A |
| 6/30/2019 | 1,480 | 51 | N/A | 16 | N/A |
| 3/31/2019 | 1,573 | 58 | N/A | 31 | N/A |
| 12/31/2018 | 1,666 | 65 | N/A | 46 | N/A |
| 9/30/2018 | 1,702 | 68 | N/A | 49 | N/A |
| 6/30/2018 | 1,738 | 71 | N/A | 52 | N/A |
| 3/31/2018 | 1,605 | 69 | N/A | 53 | N/A |
| 12/31/2017 | 1,472 | 67 | N/A | 55 | N/A |
| 9/30/2017 | 1,360 | 62 | N/A | 83 | N/A |
| 6/30/2017 | 1,249 | 58 | N/A | 111 | N/A |
| 3/31/2017 | 1,253 | 58 | N/A | 112 | N/A |
| 12/31/2016 | 1,257 | 58 | N/A | 113 | N/A |
| 9/30/2016 | 1,313 | 62 | N/A | 95 | N/A |
| 6/30/2016 | 1,369 | 67 | N/A | 78 | N/A |
| 3/31/2016 | 1,461 | 75 | N/A | 91 | N/A |
| 12/31/2015 | 1,554 | 83 | N/A | 104 | N/A |
| 9/30/2015 | 1,712 | 94 | N/A | 111 | N/A |
| 6/30/2015 | 1,870 | 106 | N/A | 118 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MND's forecast earnings growth (5.9% per year) is above the savings rate (3.6%).
Earnings vs Market: MND's earnings (5.9% per year) are forecast to grow slower than the Australian market (12.1% per year).
High Growth Earnings: MND's earnings are forecast to grow, but not significantly.
Revenue vs Market: MND's revenue (4.5% per year) is forecast to grow slower than the Australian market (6.2% per year).
High Growth Revenue: MND's revenue (4.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MND's Return on Equity is forecast to be high in 3 years time (22.4%)
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/19 13:40 |
| End of Day Share Price | 2026/06/19 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Monadelphous Group Limited is covered by 27 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Megan Kirby-Lewis | Barrenjoey Markets Pty Limited |
| Joseph House | Bell Potter |
| Shaurya Visen | BofA Global Research |