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
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.94|
|52 Week High||AU$0.55|
|52 Week Low||AU$1.26|
|1 Month Change||-1.05%|
|3 Month Change||4.44%|
|1 Year Change||18.99%|
|3 Year Change||-26.56%|
|5 Year Change||213.33%|
|Change since IPO||-14.55%|
Recent News & Updates
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...
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...
|MYE||AU Metals and Mining||AU Market|
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.
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
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
|MYE fundamental statistics|
Is MYE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MYE income statement (TTM)|
|Cost of Revenue||AU$30.44m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.054|
|Net Profit Margin||2.51%|
How did MYE perform over the long term?See historical performance and comparison
3.2%Current Dividend Yield
Is Mastermyne Group undervalued compared to its fair value and its price relative to the market?
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).
How is Mastermyne Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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%)
How has Mastermyne Group performed over the past 5 years?
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.
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$9.9M).
Debt to Equity History and Analysis
Debt Level: MYE is debt free.
Reducing Debt: MYE has no debt compared to 5 years ago when its debt to equity ratio was 21.9%.
Debt Coverage: MYE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MYE has no debt, therefore coverage of interest payments is not a concern.
What is Mastermyne Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MYE's dividend (3.19%) is higher than the bottom 25% of dividend payers in the Australian market (2.23%).
High Dividend: MYE's dividend (3.19%) is low compared to the top 25% of dividend payers in the Australian market (5.32%).
Stability and Growth of Payments
Stable Dividend: MYE's dividend payments have been volatile in the past 10 years.
Growing Dividend: MYE's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.8%), MYE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MYE's dividends in 3 years are forecast to be well covered by earnings (49.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Anthony Salvatore Caruso, also known as Tony, has been the Chief Executive Officer and Managing Director of Mastermyne Group Limited since 2005 and 2008 respectively. Mr. Caruso is responsible for tend...
CEO Compensation Analysis
Compensation vs Market: Tony's total compensation ($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.
Experienced Management: MYE's management team is seasoned and experienced (11.2 years average tenure).
Experienced Board: MYE's board of directors are considered experienced (6.7 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Mastermyne Group Limited's employee growth, exchange listings and data sources
- 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
- Mastermyne Group Limited
- Riverside Plaza
- Level 1
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 16:22|
|End of Day Share Price||2021/10/26 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.