Monadelphous Group Limited

ASX:MND Stock Report

Market Cap: AU$1.2b

Monadelphous Group Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 MND when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MND (A$12.52) is trading below our estimate of fair value (A$34.51)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MND. This is calculated by dividing MND's market cap by their current earnings.
What is MND's PE Ratio?
PE Ratio19.8x
EarningsAU$62.20m
Market CapAU$1.24b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MND vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.1x
JLG Johns Lyng Group
25x11.9%AU$1.2b
NWH NRW Holdings
17.1x11.0%AU$1.8b
SSM Service Stream
31.1x15.4%AU$1.0b
SRG SRG Global
23.1x15.3%AU$806.2m
MND Monadelphous Group
19.8x8.2%AU$1.2b

Price-To-Earnings vs Peers: MND is good value based on its Price-To-Earnings Ratio (19.8x) compared to the peer average (24.1x).

Price to Earnings Ratio vs Industry

How does MND'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
MND 19.8xIndustry Avg. 15.0xNo. of Companies3PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MND is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the Global Construction industry average (15x).

Price to Earnings Ratio vs Fair Ratio

What is MND'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.

MND PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.8x
Fair PE Ratio18.3x

Price-To-Earnings vs Fair Ratio: MND is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the estimated Fair Price-To-Earnings Ratio (18.3x).

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 MND forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$12.52
AU$14.02
+11.9%
7.3%AU$16.20AU$12.60n/a13
Nov ’25AU$12.61
AU$14.00
+11.1%
7.4%AU$16.20AU$12.60n/a13
Oct ’25AU$13.06
AU$14.05
+7.6%
7.2%AU$16.20AU$12.60n/a13
Sep ’25AU$12.88
AU$14.09
+9.4%
7.1%AU$16.20AU$12.60n/a14
Aug ’25AU$12.33
AU$14.27
+15.8%
7.1%AU$16.20AU$12.30n/a13
Jul ’25AU$13.08
AU$14.58
+11.5%
6.6%AU$16.20AU$12.30n/a13
Jun ’25AU$13.80
AU$14.56
+5.5%
6.9%AU$16.20AU$12.30n/a12
May ’25AU$13.24
AU$14.63
+10.5%
6.8%AU$16.20AU$12.30n/a13
Apr ’25AU$14.18
AU$14.63
+3.2%
6.8%AU$16.20AU$12.30n/a13
Mar ’25AU$14.33
AU$14.56
+1.6%
7.0%AU$16.20AU$12.30n/a12
Feb ’25AU$13.54
AU$14.76
+9.0%
7.6%AU$16.29AU$12.30n/a11
Jan ’25AU$14.84
AU$14.81
-0.2%
7.8%AU$16.29AU$12.30n/a11
Dec ’24AU$14.09
AU$14.62
+3.7%
8.7%AU$16.29AU$12.30n/a12
Nov ’24AU$14.08
AU$14.43
+2.5%
9.2%AU$16.29AU$11.80AU$12.6111
Oct ’24AU$14.13
AU$14.34
+1.5%
8.7%AU$16.29AU$11.80AU$13.0611
Sep ’24AU$14.71
AU$14.04
-4.5%
9.2%AU$16.29AU$11.80AU$12.8811
Aug ’24AU$13.67
AU$13.25
-3.1%
9.5%AU$15.16AU$10.85AU$12.3311
Jul ’24AU$11.72
AU$12.99
+10.8%
8.5%AU$14.40AU$10.85AU$13.0810
Jun ’24AU$12.05
AU$12.93
+7.3%
8.1%AU$14.40AU$10.85AU$13.8010
May ’24AU$12.55
AU$12.91
+2.9%
8.7%AU$14.40AU$10.85AU$13.249
Apr ’24AU$12.55
AU$13.10
+4.4%
8.0%AU$14.40AU$10.85AU$14.188
Mar ’24AU$12.00
AU$13.10
+9.2%
8.0%AU$14.40AU$10.85AU$14.338
Feb ’24AU$13.61
AU$13.46
-1.1%
9.4%AU$15.10AU$10.80AU$13.548
Jan ’24AU$13.36
AU$13.44
+0.6%
9.7%AU$15.60AU$10.80AU$14.848
Dec ’23AU$13.60
AU$13.60
-0.02%
9.7%AU$15.60AU$10.80AU$14.097
Nov ’23AU$14.19
AU$12.84
-9.5%
8.1%AU$14.10AU$10.80AU$14.087

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

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