Recent Insider Transactions • 11h
Non-Executive Director recently bought AU$67k worth of stock On the 12th of May, Rodney Henderson bought around 25k shares on-market at roughly AU$2.69 per share. This transaction increased Rodney's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$15m more in shares than they bought in the last 12 months. Board Change • 11h
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Rod Henderson was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to AU$2.73, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 25x in the Electrical industry globally. Total returns to shareholders of 164% over the past year. Board Change • May 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Rod Henderson was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 02
Mayfield Group Holdings Limited (ASX:MYG) completed the acquisition of Business Assets and Undertakings from SMEC Power & Technology for AUD 24.8 million. Mayfield Group Holdings Limited (ASX:MYG) entered into an asset sale agreement to acquire Business Assets and Undertakings from SMEC Power & Technology for AUD 30.1 million on February 25, 2026. The acquisition price is based on an enterprise value of up to AUD 30 million, consists of upfront consideration (70%): AUD 21 million payable at completion, comprising up to AUD 14.7 million in cash (70%) and approximately AUD 6.3 million in MYG shares (30%) (2.5 million shares). Shares issued to the Seller will be subject to a 24-month escrow period from completion and Earn-Out (30%): Up to AUD 9 million payable post-completion, subject to SMEC achieving agreed financial performance targets, which must be finalised by 31 August 2026. The earn-out consideration can only be reduced to nil, i.e. it cannot reduce the upfront consideration. The earn-out payment will be satisfied in 70% cash and 30% MYG shares (1.1 million shares), with the shares subject to a 24-month escrow period. The cash portion of the consideration will be sourced from MYG's existing cash reserves. The acquisition will be effected by way of an asset sale agreement, under which Mayfield Group Holdings Limited will acquire all SMEC's business assets and operations as a going concern, including plant, equipment, inventory, goodwill, intellectual property, and the benefit of customer contracts and business records. The transaction is on a cash-free, debt free basis with normal working capital. SMEC has an experienced workforce of more than 100 employees and is supported by a long-standing senior management team that will remain with the business. SMEC’s founder and Managing Director, Martin Law, will remain with the business on a long-term contract post-acquisition.
The transaction been approved by the board of directors of Mayfield Group Holdings Limited and has completed comprehensive financial due diligence on SMEC. Completion is scheduled for March 31, 2026.
Mayfield Group Holdings Limited (ASX:MYG) completed the acquisition of Business Assets and Undertakings from SMEC Power & Technology for AUD 26.4 million on April 1, 2026. The consideration consist of AUD 12.24 million in cash and AUD 5.22 million as upfront consideration and AUD 6.3 million in cash as earnout and AUD 2.68 million in shares as earnout payment. Announcement • Jan 29
Mayfield Group Holdings Limited Declares Interim Dividend for the Half-Year Ending on 31 December 2025, Payable on 19 March 2026 Mayfield Group Holdings Limited announced that it has declared an interim dividend of 2 cents per share, fully franked, for the half-year ending on 31 December 2025, payable on 19 March 2026. Ex-dividend date is 4 March 2026 and Record date is 5 March 2026. The total amount of the interim dividend is $2.314 million. Buy Or Sell Opportunity • Dec 24
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 111% to AU$3.00. The fair value is estimated to be AU$2.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Announcement • Sep 22
Mayfield Group Holdings Limited, Annual General Meeting, Oct 23, 2025 Mayfield Group Holdings Limited, Annual General Meeting, Oct 23, 2025. Location: 3 gidgie court edinburgh, sa 5111, Australia Announcement • Jun 03
Mayfield Group Holdings Limited (ASX:MYG) has executed a conditional Share Purchase Agreement to acquire B.E. Switchcraft Pty. Ltd. from Alias Investments Pty. Ltd for AUD 7 million. Mayfield Group Holdings Limited (ASX:MYG) has executed a conditional Share Purchase Agreement to acquire B.E. Switchcraft Pty. Ltd. from Alias Investments Pty. Ltd for AUD 7 million on June 2, 2025. Under the terms of agreement, A total of 1,893,940 Mayfield shares at an issue price of $1.056 will be issued on completion. The issue price was determined as the Volume-Weighted Average Price of Mayfield shares traded on the ASX on the five days prior to the date of the SPA. The shares will be issued without shareholder approval using Mayfield i.e., as consideration, a total of AUD 7 million of which AUD 5 million will be cash payable on completion and the issue of AUD 2 million in Mayfield shares (1,893,940 shares). The combined entity will be uniquely positioned to address the growing demand for integrated electrical infrastructure in data centres and AI applications, where BE Switchcraft's energy management systems and Mayfield's critical power solutions provide a comprehensive offering unmatched by competitors in the Australian market. The acquisition strengthens Mayfield's competitive position in Australia's electrical infrastructure market, creating the nation's most comprehensive provider of locally manufactured power solutions.
The key employee and controlling shareholder of BE Switchcraft Pty. Ltd entering into an employment contract. The key employee and controlling shareholder will remain with the business on a long-term contract post-acquisition. All other conditions precedent are standard commercial conditions for a transaction of this type. The expected completion of the transaction is August 30, 2025. This acquisition delivers immediate earnings accretion for shareholders with positive EBIT contribution in FY26 and enhanced growth opportunities in the commercial sector Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to AU$1.17, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 20x in the Electrical industry in Australia. New Risk • Feb 11
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (AU$98.4m market cap, or US$61.7m). Board Change • Feb 04
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Sue Chase was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 30
Mayfield Group Holdings Limited Declares Fully Franked Special Dividend, Payable on 14 February 2025 Mayfield Group Holdings Limited announced the Board has approved a fully franked special dividend of 5.3 cents per share to shareholders. The total amount of the special dividend is $5 million. Ex-dividend date is 31 January 2025. Record date is 3 February 2025. Dividend payment date is 14 February 2025. Announcement • Jan 29
Mayfield Group Holdings Limited Declares Interim Dividend for the Half-Year Ending on 31 December 2024, Payable on 14 February 2025 Mayfield Group Holdings Limited announced Board has also determined to pay an interim dividend of 1 cent per share fully franked for the half-year ending on 31 December 2024. The .total amount of the interim dividend is $943,310. Ex-dividend date is 31 January 2025. Record date is 3 February 2025. Dividend payment date is 14 February 2025. Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Sue Chase was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 10
Mayfield Group Holdings Limited, Annual General Meeting, Oct 24, 2024 Mayfield Group Holdings Limited, Annual General Meeting, Oct 24, 2024. Location: will be held at 3 gidgie court, edinburgh sa 5111, Australia Reported Earnings • Aug 28
Full year 2024 earnings released: EPS: AU$0.056 (vs AU$0.064 in FY 2023) Full year 2024 results: EPS: AU$0.056 (down from AU$0.064 in FY 2023). Revenue: AU$86.2m (up 11% from FY 2023). Net income: AU$5.10m (down 12% from FY 2023). Profit margin: 5.9% (down from 7.4% in FY 2023). The decrease in margin was driven by higher expenses. Declared Dividend • Jul 21
First half dividend increased to AU$0.02 Dividend of AU$0.02 is 100% higher than last year. Ex-date: 7th August 2024 Payment date: 22nd August 2024 Dividend yield will be 3.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (17% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 72% to shift the payout ratio to a potentially unsustainable range, which is less than the 81% EPS decline seen over the last 5 years. Recent Insider Transactions • Jun 01
Non-Executive Director recently sold AU$560k worth of stock On the 29th of May, Alan Steele sold around 700k shares on-market at roughly AU$0.80 per share. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$1.4m more than they bought in the last 12 months. Board Change • Apr 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. CEO, MD & Director Andrew Rowe was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 11
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. CEO, MD & Director Andrew Rowe was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. CEO, MD & Director Andrew Rowe was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 25
Mayfield Group Holdings Limited Declares Interim Fully Franked Dividend for the Half Year Ended 31 December 2023, Payable on 14 February 2024 The Board of Mayfield Group Holdings Limited announced that it has declared an interim fully franked dividend of 1 cents per share for the half year ended 31 December 2023. The total amount of the interim dividend payable to shareholders is $906,000. Ex-dividend date: 31 January 2024. Record date: 1 February 2024. Dividend payment date: 14 February 2024. Board Change • Dec 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. CEO, MD & Director Andrew Rowe was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 19
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director Alan Steele is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Oct 05
Non-Executive Director recently sold AU$828k worth of stock On the 28th of September, Alan Steele sold around 2m shares on-market at roughly AU$0.46 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • Sep 25
New major risk - Revenue and earnings growth Earnings have declined by 7.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 7.7% per year over the past 5 years. Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (AU$41.2m market cap, or US$26.5m). Board Change • Sep 25
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). MD, CEO & Director Jonathan Hobbs is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Sep 01
Mayfield Group Holdings Limited Announces Appointment of Mr. Andrew Rowe as CEO and Managing Director The Board of Mayfield Group Holdings Limited (Mayfield) announced the appointment of Mr. Andrew Rowe as CEO and Managing Director to lead the Company through the next chapter in its 95-year history of providing electrical and telecommunications solutions to the Australian power infrastructure industry. Mr. Rowe will commence on 3 October 2023 following the previously announced retirement of Mr. Jon Hobbs, who will remain in an advisory capacity through to the AGM on 24 October 2023. Andrew brings over 30 years' experience across publicly listed and privately held engineering, construction, resource, and energy companies nationally and internationally. His previous roles include COO of Calibre Global, CEO of Perth Energy and CEO of MSP Engineering. During his career he has developed some of the most significant and complex projects in Australia across mining, transport infrastructure, power, energy and more recently in critical battery minerals. His proven success in establishing, transforming, acquiring, and growing businesses to improve profitability and achieve sustained growth will be welcomed by all stakeholders. Andrew received a Bachelor of Electrical Engineering in 1992 and MBA in 2016, both from the University of WA. Aside from his role at Mayfield, Andrew will continue to volunteer as a Non-Executive Director of WA based mental health charity 20Talk. Announcement • Aug 18
Mayfield Group Holdings Limited, Annual General Meeting, Oct 24, 2023 Mayfield Group Holdings Limited, Annual General Meeting, Oct 24, 2023. Announcement • Jul 23
Mayfield Board Declares 2023 Dividend, Payable on 14 August 2023 Mayfield Group Holdings Limited has declared a fully franked dividend of 1.0 cent ($0.01) per share. This amounts to a dividend payment of $906,000 to shareholders. Ex-dividend date is 26 July 2023. Record date is 27 July 2023. Dividend payment date is 14 August 2023.