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MLD

MACAASX:MLD Stock Report

Market Cap

AU$256.3m

7D

0%

1Y

-9.6%

Updated

20 Oct, 2021

Data

Company Financials +
MLD fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance4/6
Financial Health5/6
Dividends4/6

MLD Overview

MACA Limited engages in the contract mining, civil and infrastructure, and structural, mechanical, and piping businesses in Australia and Cambodia.

MACA Competitors

Price History & Performance

Summary of all time highs, changes and price drops for MACA
Historical stock prices
Current Share PriceAU$0.75
52 Week HighAU$0.65
52 Week LowAU$1.52
Beta1.2
1 Month Change7.91%
3 Month Change-18.92%
1 Year Change-9.64%
3 Year Change-36.44%
5 Year Change-57.87%
Change since IPO-48.28%

Recent News & Updates

Aug 25
MACA (ASX:MLD) Has Affirmed Its Dividend Of AU$0.025

MACA (ASX:MLD) Has Affirmed Its Dividend Of AU$0.025

The board of MACA Limited ( ASX:MLD ) has announced that it will pay a dividend of AU$0.025 per share on the 17th of...

Shareholder Returns

MLDAU Metals and MiningAU Market
7D0%3.6%1.7%
1Y-9.6%11.3%20.2%

Return vs Industry: MLD underperformed the Australian Metals and Mining industry which returned 11.3% over the past year.

Return vs Market: MLD underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is MLD's price volatile compared to industry and market?
MLD volatility
MLD Beta1.2
Industry Beta0.97
Market Beta1

Stable Share Price: MLD is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MLD's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20023,279Mike Suttonhttps://www.maca.net.au

MACA Limited engages in the contract mining, civil and infrastructure, and structural, mechanical, and piping businesses in Australia and Cambodia. It offers bulk commodities loading and hauling services; drilling and blasting services, including production drilling and blasting for surface mining operations or quarries, pre-split drilling, contour drilling and pioneering, blast hole sample drilling, probe drilling, pre-split and final wall blasting, drill and blast design, blasting solutions for civil construction, and controlled blasting; and materials handling services. The company also engages in the road construction and maintenance; parks and gardens management; vegetation management; and provision of bridge works, which include clearing existing vegetation and topsoil, foundation compaction, embankment construction, stormwater drainage installation and pavement construction, bituminous surfacing and guardrails, and rehabilitation and piling works, as well as reinforced concrete works, and heavy lifts and safety barrier works.

MACA Fundamentals Summary

How do MACA's earnings and revenue compare to its market cap?
MLD fundamental statistics
Market CapAU$256.28m
Earnings (TTM)AU$23.42m
Revenue (TTM)AU$1.17b

10.9x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MLD income statement (TTM)
RevenueAU$1.17b
Cost of RevenueAU$1.06b
Gross ProfitAU$116.61m
ExpensesAU$93.19m
EarningsAU$23.42m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.069
Gross Margin9.93%
Net Profit Margin1.99%
Debt/Equity Ratio30.2%

How did MLD perform over the long term?

See historical performance and comparison

Dividends

6.7%

Current Dividend Yield

65%

Payout Ratio

Valuation

Is MACA undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MLD (A$0.75) is trading below our estimate of fair value (A$5.08)

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


Price To Earnings Ratio

PE vs Industry: MLD is good value based on its PE Ratio (10.9x) compared to the Australian Metals and Mining industry average (14.3x).

PE vs Market: MLD is good value based on its PE Ratio (10.9x) compared to the Australian market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: MLD is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: MLD is good value based on its PB Ratio (0.7x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is MACA forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

23.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MLD's forecast earnings growth (23.7% per year) is above the savings rate (1.9%).

Earnings vs Market: MLD's earnings (23.7% per year) are forecast to grow faster than the Australian market (11.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MLD's revenue (4.8% per year) is forecast to grow slower than the Australian market (5.4% per year).

High Growth Revenue: MLD's revenue (4.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MLD's Return on Equity is forecast to be low in 3 years time (12.9%).


Past Performance

How has MACA performed over the past 5 years?

-19.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MLD has high quality earnings.

Growing Profit Margin: MLD's current net profit margins (2%) are higher than last year (0.4%).


Past Earnings Growth Analysis

Earnings Trend: MLD's earnings have declined by 19.8% per year over the past 5 years.

Accelerating Growth: MLD's earnings growth over the past year (639.9%) exceeds its 5-year average (-19.8% per year).

Earnings vs Industry: MLD earnings growth over the past year (639.9%) exceeded the Metals and Mining industry 35.3%.


Return on Equity

High ROE: MLD's Return on Equity (6.5%) is considered low.


Financial Health

How is MACA's financial position?


Financial Position Analysis

Short Term Liabilities: MLD's short term assets (A$460.5M) exceed its short term liabilities (A$414.9M).

Long Term Liabilities: MLD's short term assets (A$460.5M) exceed its long term liabilities (A$206.3M).


Debt to Equity History and Analysis

Debt Level: MLD's debt to equity ratio (30.2%) is considered satisfactory.

Reducing Debt: MLD's debt to equity ratio has increased from 0% to 30.2% over the past 5 years.

Debt Coverage: MLD's debt is well covered by operating cash flow (101.5%).

Interest Coverage: MLD's interest payments on its debt are well covered by EBIT (6.4x coverage).


Balance Sheet


Dividend

What is MACA current dividend yield, its reliability and sustainability?

6.67%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MLD's dividend (6.67%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: MLD's dividend (6.67%) is in the top 25% of dividend payers in the Australian market (5.33%)


Stability and Growth of Payments

Stable Dividend: MLD's dividend payments have been volatile in the past 10 years.

Growing Dividend: MLD's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (65.2%), MLD's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MLD's dividends in 3 years are forecast to be well covered by earnings (40.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average management tenure


CEO

Mike Sutton

1.67yrs

Tenure

AU$824,250

Compensation

Mr. Mike Sutton B.Sc. (Civil Engineering), MAICD, MAusIMM serves as Managing Director and Director of MACA Limited since June 1, 2020. He serves as Chief Executive Officer of MACA Limited since February 24...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD616.26K) is about average for companies of similar size in the Australian market ($USD547.68K).

Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: MLD's management team is considered experienced (3.2 years average tenure).


Board Members

Experienced Board: MLD's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MLD insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 27.5%.


Top Shareholders

Company Information

MACA Limited's employee growth, exchange listings and data sources


Key Information

  • Name: MACA Limited
  • Ticker: MLD
  • Exchange: ASX
  • Founded: 2002
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$256.283m
  • Shares outstanding: 341.71m
  • Website: https://www.maca.net.au

Number of Employees


Location

  • MACA Limited
  • 45 Division Street
  • Welshpool
  • Western Australia
  • 6106
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 15:31
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.