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MLD

MACA ASX:MLD Stock Report

Last Price

AU$0.81

Market Cap

AU$275.1m

7D

6.6%

1Y

-4.2%

Updated

18 May, 2022

Data

Company Financials +
MLD fundamental analysis
Snowflake Score
Valuation6/6
Future Growth2/6
Past Performance2/6
Financial Health5/6
Dividends4/6

MLD Stock Overview

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

MACA Peers

Price History & Performance

Summary of all time highs, changes and price drops for MACA
Historical stock prices
Current Share PriceAU$0.81
52 Week HighAU$0.94
52 Week LowAU$0.65
Beta1.19
1 Month Change-8.00%
3 Month Change8.05%
1 Year Change-4.17%
3 Year Change-19.50%
5 Year Change-52.08%
Change since IPO-44.48%

Recent News & Updates

Shareholder Returns

MLDAU Metals and MiningAU Market
7D6.6%0.5%0.7%
1Y-4.2%-0.2%2.1%

Return vs Industry: MLD underperformed the Australian Metals and Mining industry which returned -0.2% over the past year.

Return vs Market: MLD underperformed the Australian Market which returned 2.1% over the past year.

Price Volatility

Is MLD's price volatile compared to industry and market?
MLD volatility
MLD Average Weekly Movement4.5%
Metals and Mining Industry Average Movement11.2%
Market Average Movement9.4%
10% most volatile stocks in AU Market16.7%
10% least volatile stocks in AU Market4.3%

Stable Share Price: MLD is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MLD's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20023,700Mike 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$275.08m
Earnings (TTM)AU$31.09m
Revenue (TTM)AU$1.55b

8.8x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MLD income statement (TTM)
RevenueAU$1.55b
Cost of RevenueAU$1.39b
Gross ProfitAU$154.86m
Other ExpensesAU$123.77m
EarningsAU$31.09m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.091
Gross Margin10.01%
Net Profit Margin2.01%
Debt/Equity Ratio26.3%

How did MLD perform over the long term?

See historical performance and comparison

Dividends

6.2%

Current Dividend Yield

55%

Payout Ratio
New valuation analysis is now available for all ASX stocks. This is in beta.

Future Growth

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

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


18.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MLD's forecast earnings growth (18.4% per year) is above the savings rate (1.8%).

Earnings vs Market: MLD's earnings (18.4% per year) are forecast to grow faster than the Australian market (6.1% per year).

High Growth Earnings: MLD's earnings are forecast to grow, but not significantly.

Revenue vs Market: MLD's revenue is expected to decline over the next 3 years (-1.3% per year).

High Growth Revenue: MLD's revenue is forecast to decline over the next 3 years (-1.3% 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 (11.6%).


Past Performance

How has MACA performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-11.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MLD has high quality earnings.

Growing Profit Margin: MLD became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MLD's earnings have declined by 11.8% per year over the past 5 years.

Accelerating Growth: MLD has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MLD has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (57.8%).


Return on Equity

High ROE: MLD's Return on Equity (8.3%) is considered low.


Financial Health

How is MACA's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MLD's short term assets (A$473.7M) exceed its short term liabilities (A$397.6M).

Long Term Liabilities: MLD's short term assets (A$473.7M) exceed its long term liabilities (A$221.0M).


Debt to Equity History and Analysis

Debt Level: MLD has more cash than its total debt.

Reducing Debt: MLD's debt to equity ratio has increased from 0% to 26.3% over the past 5 years.

Debt Coverage: MLD's debt is well covered by operating cash flow (165.5%).

Interest Coverage: MLD's interest payments on its debt are well covered by EBIT (5.9x coverage).


Balance Sheet


Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.21%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MLD's dividend (6.21%) is higher than the bottom 25% of dividend payers in the Australian market (2.56%).

High Dividend: MLD's dividend (6.21%) is in the top 25% of dividend payers in the Australian market (6.13%)


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.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (54.8%), MLD's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (21.6%), MLD's dividend payments are well covered by cash flows.


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Mike Sutton

2.25yrs

Tenure

AU$824,250

Compensation

Mr. Michael Sutton, also known as Mike, 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 L...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD578.26K) is about average for companies of similar size in the Australian market ($USD561.73K).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MLD's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: MLD's board of directors are not considered experienced ( 1.5 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: Insufficient data to determine if 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 4.6%.


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
  • Implied Market Cap: AU$275.077m
  • 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 Analysis2022/05/18 00:00
End of Day Share Price2022/05/18 00:00
Earnings2021/12/31
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.