MAD Stock Overview
Mader Group Limited, a contracting company, provides specialized technical services in the mining, energy, and industrial sectors in Australia and internationally.
Mader Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$2.94|
|52 Week High||AU$3.40|
|52 Week Low||AU$1.42|
|1 Month Change||1.38%|
|3 Month Change||10.94%|
|1 Year Change||87.86%|
|3 Year Change||160.18%|
|5 Year Change||n/a|
|Change since IPO||157.90%|
Recent News & Updates
Mader Group (ASX:MAD) Seems To Use Debt Quite Sensibly
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
|MAD||AU Commercial Services||AU Market|
Return vs Industry: MAD exceeded the Australian Commercial Services industry which returned -2.3% over the past year.
Return vs Market: MAD exceeded the Australian Market which returned -9.7% over the past year.
|MAD Average Weekly Movement||7.7%|
|Commercial Services Industry Average Movement||8.6%|
|Market Average Movement||9.5%|
|10% most volatile stocks in AU Market||16.7%|
|10% least volatile stocks in AU Market||4.2%|
Stable Share Price: MAD is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: MAD's weekly volatility (8%) has been stable over the past year.
About the Company
Mader Group Limited, a contracting company, provides specialized technical services in the mining, energy, and industrial sectors in Australia and internationally. It offers rail services, digger and drill support team, fabrication and line boring, non-processing and processing infrastructure, power generation and marine, field support, professional support roles, maintenance projects, electrical services, component exchange, rapid response teams, rostered support, HME shutdown teams, specialized tool hire, clean team, trade upgrade program, training national workforces, and maintenance centre services. The company also provides in-field technical support, major overhauls and repairs, preventative equipment maintenance, training of maintenance teams, and ancillary services.
Mader Group Fundamentals Summary
|MAD fundamental statistics|
Is MAD overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MAD income statement (TTM)|
|Cost of Revenue||AU$323.50m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.14|
|Net Profit Margin||6.95%|
How did MAD perform over the long term?See historical performance and comparison
1.4%Current Dividend Yield
Is MAD undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MAD?
Other financial metrics that can be useful for relative valuation.
|What is MAD's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does MAD's PE Ratio compare to its peers?
|MAD PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
SGF SG Fleet Group
SUG Sugar Terminals
DOW Downer EDI
MAD Mader Group
Price-To-Earnings vs Peers: MAD is expensive based on its Price-To-Earnings Ratio (21x) compared to the peer average (16x).
Price to Earnings Ratio vs Industry
How does MAD's PE Ratio compare vs other companies in the Global Commercial Services Industry?
Price-To-Earnings vs Industry: MAD is expensive based on its Price-To-Earnings Ratio (21x) compared to the Global Commercial Services industry average (15.5x)
Price to Earnings Ratio vs Fair Ratio
What is MAD'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.
|Current PE Ratio||21x|
|Fair PE Ratio||19.9x|
Price-To-Earnings vs Fair Ratio: MAD is expensive based on its Price-To-Earnings Ratio (21x) compared to the estimated Fair Price-To-Earnings Ratio (19.9x).
Share Price vs Fair Value
What is the Fair Price of MAD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MAD (A$2.94) is trading below our estimate of fair value (A$7.69)
Significantly Below Fair Value: MAD is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Mader Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MAD's forecast earnings growth (15.5% per year) is above the savings rate (1.8%).
Earnings vs Market: MAD's earnings (15.5% per year) are forecast to grow faster than the Australian market (6.5% per year).
High Growth Earnings: MAD's earnings are forecast to grow, but not significantly.
Revenue vs Market: MAD's revenue (12.7% per year) is forecast to grow faster than the Australian market (3.6% per year).
High Growth Revenue: MAD's revenue (12.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MAD's Return on Equity is forecast to be high in 3 years time (29.8%)
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How has Mader Group performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MAD has a high level of non-cash earnings.
Growing Profit Margin: MAD's current net profit margins (7%) are higher than last year (6.4%).
Past Earnings Growth Analysis
Earnings Trend: MAD's earnings have grown significantly by 24.2% per year over the past 5 years.
Accelerating Growth: MAD's earnings growth over the past year (44.5%) exceeds its 5-year average (24.2% per year).
Earnings vs Industry: MAD earnings growth over the past year (44.5%) exceeded the Commercial Services industry 2.7%.
Return on Equity
High ROE: MAD's Return on Equity (32.9%) is considered high.
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How is Mader Group's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: MAD's short term assets (A$95.8M) exceed its short term liabilities (A$66.0M).
Long Term Liabilities: MAD's short term assets (A$95.8M) exceed its long term liabilities (A$22.1M).
Debt to Equity History and Analysis
Debt Level: MAD's net debt to equity ratio (31.4%) is considered satisfactory.
Reducing Debt: MAD's debt to equity ratio has reduced from 86.8% to 39.2% over the past 5 years.
Debt Coverage: MAD's debt is well covered by operating cash flow (106.2%).
Interest Coverage: MAD's interest payments on its debt are well covered by EBIT (29.4x coverage).
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What is Mader Group current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Mader Group Dividend Yield vs Market|
|Company (Mader Group)||1.4%|
|Market Bottom 25% (AU)||2.8%|
|Market Top 25% (AU)||7.2%|
|Industry Average (Commercial Services)||3.2%|
|Analyst forecast in 3 Years (Mader Group)||2.5%|
Notable Dividend: MAD's dividend (1.36%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.77%).
High Dividend: MAD's dividend (1.36%) is low compared to the top 25% of dividend payers in the Australian market (7.18%).
Stability and Growth of Payments
Stable Dividend: MAD is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.
Growing Dividend: MAD is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.
Earnings Payout to Shareholders
Earnings Coverage: MAD is not paying a notable dividend for the Australian market.
Cash Payout to Shareholders
Cash Flow Coverage: MAD is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Justin Nuich, MBA, GRAD DIP maintenance management, is the Chief Executive Officer at Mader Group Limited since January 28, 2021 and serves as its Executive Director since September 2021 and served as...
CEO Compensation Analysis
|Justin Nuich's Compensation vs Mader Group Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||AU$2m||AU$527k|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||n/a||n/a|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||AU$683k||AU$184k|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||n/a||n/a|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||AU$60k||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||n/a||n/a|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||AU$30k||n/a|
Compensation vs Market: Justin's total compensation ($USD1.09M) is about average for companies of similar size in the Australian market ($USD856.39K).
Compensation vs Earnings: Justin's compensation has increased by more than 20% in the past year.
Experienced Management: MAD's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Experienced Board: MAD's board of directors are considered experienced (3.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|27 May 22||BuyAU$9,828||Justin Nuich||Individual||4,200||AU$2.34|
|02 Mar 22||SellAU$2,239,999||Craig Burton||Individual||1,000,000||AU$2.24|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Mader Group Limited's employee growth, exchange listings and data sources
- Name: Mader Group Limited
- Ticker: MAD
- Exchange: ASX
- Founded: 2005
- Industry: Diversified Support Services
- Sector: Commercial Services
- Implied Market Cap: AU$604.000m
- Shares outstanding: 200.00m
- Website: https://www.madergroup.com.au
Number of Employees
- Mader Group Limited
- Hkew Alpha Building
- Suite A1
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MAD||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Oct 2019|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/30 00:00|
|End of Day Share Price||2022/09/30 00:00|
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 here.