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MYE

Mastermyne GroupASX:MYE Stock Report

Market Cap

AU$101.3m

7D

-1.6%

1Y

19.0%

Updated

26 Oct, 2021

Data

Company Financials +
MYE fundamental analysis
Snowflake Score
Valuation5/6
Future Growth6/6
Past Performance2/6
Financial Health6/6
Dividends3/6

MYE Overview

Mastermyne Group Limited provides contracting services to the underground long wall mining operations and industrial products and services in coalfields and supporting industries of Queensland and New South Wales, Australia.

Mastermyne Group Competitors

Macmahon Holdings

ASX:MAH

AU$420.0m

MACA

ASX:MLD

AU$268.2m

Price History & Performance

Summary of all time highs, changes and price drops for Mastermyne Group
Historical stock prices
Current Share PriceAU$0.94
52 Week HighAU$0.55
52 Week LowAU$1.26
Beta0.39
1 Month Change-1.05%
3 Month Change4.44%
1 Year Change18.99%
3 Year Change-26.56%
5 Year Change213.33%
Change since IPO-14.55%

Recent News & Updates

Jun 14
The Return Trends At Mastermyne Group (ASX:MYE) Look Promising

The Return Trends At Mastermyne Group (ASX:MYE) Look Promising

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...

Mar 14
What We Make Of Mastermyne Group's (ASX:MYE) Returns On Capital

What We Make Of Mastermyne Group's (ASX:MYE) Returns On Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Shareholder Returns

MYEAU Metals and MiningAU Market
7D-1.6%-0.4%0.8%
1Y19.0%15.6%24.4%

Return vs Industry: MYE matched the Australian Metals and Mining industry which returned 15.6% over the past year.

Return vs Market: MYE underperformed the Australian Market which returned 24.4% over the past year.

Price Volatility

Is MYE's price volatile compared to industry and market?
MYE volatility
MYE Beta0.39
Industry Beta0.97
Market Beta1

Stable Share Price: MYE is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: MYE's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1996n/aTony Carusohttps://www.mastermyne.com.au

Mastermyne Group Limited provides contracting services to the underground long wall mining operations and industrial products and services in coalfields and supporting industries of Queensland and New South Wales, Australia. The company offers various mining services and equipment to the coal mining industry including, new mine development, mine operation, roadway development, conveyors, outbye, ventilation, secondary support, long wall relocations, polymeric emergency strata consolidation, production and ancillary equipment, and mining consumables. It also provides acrow props; cable hanging brackets; geosorb, quick drive cement, road salt, and safe mark paints; pigtails and brackets, and structure and leg pins; dewatering products comprising snorebox, strainers, and suction strainers; poly droppers, poly sticks, and reflective streamers; spear and trickle dusters; and cable hanging crooks, life line products, and measuring sticks.

Mastermyne Group Fundamentals Summary

How do Mastermyne Group's earnings and revenue compare to its market cap?
MYE fundamental statistics
Market CapAU$101.32m
Earnings (TTM)AU$5.86m
Revenue (TTM)AU$233.09m

17.3x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MYE income statement (TTM)
RevenueAU$233.09m
Cost of RevenueAU$30.44m
Gross ProfitAU$202.65m
ExpensesAU$196.78m
EarningsAU$5.86m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.054
Gross Margin86.94%
Net Profit Margin2.51%
Debt/Equity Ratio0%

How did MYE perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

55%

Payout Ratio

Valuation

Is Mastermyne Group 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: MYE (A$0.94) is trading below our estimate of fair value (A$10.49)

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


Price To Earnings Ratio

PE vs Industry: MYE is poor value based on its PE Ratio (17.3x) compared to the Australian Metals and Mining industry average (14.6x).

PE vs Market: MYE is good value based on its PE Ratio (17.3x) compared to the Australian market (20x).


Price to Earnings Growth Ratio

PEG Ratio: MYE is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: MYE is good value based on its PB Ratio (1.3x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Mastermyne Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

44.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MYE's forecast earnings growth (44.9% per year) is above the savings rate (1.9%).

Earnings vs Market: MYE's earnings (44.9% per year) are forecast to grow faster than the Australian market (12.4% per year).

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

Revenue vs Market: MYE's revenue (24.5% per year) is forecast to grow faster than the Australian market (5.3% per year).

High Growth Revenue: MYE's revenue (24.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MYE's Return on Equity is forecast to be high in 3 years time (23.4%)


Past Performance

How has Mastermyne Group performed over the past 5 years?

61.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MYE has high quality earnings.

Growing Profit Margin: MYE's current net profit margins (2.5%) are lower than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: MYE has become profitable over the past 5 years, growing earnings by 61.1% per year.

Accelerating Growth: MYE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MYE had negative earnings growth (-49.3%) over the past year, making it difficult to compare to the Metals and Mining industry average (35.3%).


Return on Equity

High ROE: MYE's Return on Equity (7.8%) is considered low.


Financial Health

How is Mastermyne Group's financial position?


Financial Position Analysis

Short Term Liabilities: MYE's short term assets (A$72.4M) exceed its short term liabilities (A$44.2M).

Long Term Liabilities: MYE's short term assets (A$72.4M) exceed its long term liabilities (A$9.9M).


Debt to Equity History and Analysis

Debt Level: MYE is debt free.

Reducing Debt: MYE has no debt compared to 5 years ago when its debt to equity ratio was 21.9%.

Debt Coverage: MYE has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MYE has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Mastermyne Group current dividend yield, its reliability and sustainability?

3.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MYE's dividend (3.19%) is higher than the bottom 25% of dividend payers in the Australian market (2.23%).

High Dividend: MYE's dividend (3.19%) is low compared to the top 25% of dividend payers in the Australian market (5.32%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: MYE's dividends in 3 years are forecast to be well covered by earnings (49.6% payout ratio).


Next Steps

Management

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

11.2yrs

Average management tenure


CEO

Tony Caruso

16.75yrs

Tenure

AU$1,098,896

Compensation

Mr. Anthony Salvatore Caruso, also known as Tony, has been the Chief Executive Officer and Managing Director of Mastermyne Group Limited since 2005 and 2008 respectively. Mr. Caruso is responsible for tend...


CEO Compensation Analysis

Compensation vs Market: Tony's total compensation ($USD823.76K) is above average for companies of similar size in the Australian market ($USD301.38K).

Compensation vs Earnings: Tony's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: MYE's management team is seasoned and experienced (11.2 years average tenure).


Board Members

Experienced Board: MYE's board of directors are considered experienced (6.7 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Mastermyne Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Mastermyne Group Limited
  • Ticker: MYE
  • Exchange: ASX
  • Founded: 1996
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$101.316m
  • Shares outstanding: 107.78m
  • Website: https://www.mastermyne.com.au

Number of Employees


Location

  • Mastermyne Group Limited
  • Riverside Plaza
  • Level 1
  • Mackay
  • Queensland
  • 4740
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:22
End of Day Share Price2021/10/26 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.