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Mastermyne Group Limited

ASX:MYE Stock Report

Market Cap: AU$200.6m

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Mastermyne Group Management

Management criteria checks 0/4

Mastermyne Group's CEO is Jeff Whiteman, appointed in Feb 2024, has a tenure of 2.58 years. total yearly compensation is A$1.30M, comprised of 46.9% salary and 53.1% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth A$419.62K. The average tenure of the management team and the board of directors is 1.5 years and 1.3 years respectively.

Key information

Jeff Whiteman

Chief executive officer

AU$1.3m

Total compensation

CEO salary percentage46.88%
CEO tenure2.6yrs
CEO ownership0.2%
Management average tenure1.5yrs
Board average tenure1.3yrs

Recent management updates

Recent updates

User avatar
Narrative Update • Jul 24

MYE: Future Earnings Will Struggle To Support Sharply Compressed P/E Multiple

Analysts have cut their price target for Mastermyne Group to A$0.41 from A$1.40, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and a lower future P/E multiple. What's in the News for Mastermyne Group Mastermyne Group updated earnings guidance for fiscal year 2026, with revenue expected at the upper end of the A$220 million to A$230 million range.
User avatar
New Narrative • Mar 03

Long-Term Order Book And Strata Services Will Support Future Earnings Visibility

Catalysts About Mastermyne Group Mastermyne Group provides underground coal mining services and related products and consumables across key Australian coal regions. What are the underlying business or industry changes driving this perspective?
Analysis Article • Sep 10

Mastermyne Group Limited's (ASX:MYE) Price Is Right But Growth Is Lacking

You may think that with a price-to-sales (or "P/S") ratio of 0.2x Mastermyne Group Limited ( ASX:MYE ) is definitely a...
Analysis Article • Apr 01

Mastermyne Group Limited (ASX:MYE) Stock Catapults 36% Though Its Price And Business Still Lag The Industry

Mastermyne Group Limited ( ASX:MYE ) shares have had a really impressive month, gaining 36% after a shaky period...
Analysis Article • Mar 28

Metarock Group Limited's (ASX:MYE) Price Is Right But Growth Is Lacking After Shares Rocket 30%

Despite an already strong run, Metarock Group Limited ( ASX:MYE ) shares have been powering on, with a gain of 30% in...
Analysis Article • Jul 01

Here's Why Metarock Group (ASX:MYE) Is Weighed Down By Its Debt Load

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Jun 14

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...
Analysis Article • Mar 14

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...
Analysis Article • Feb 14

Should Mastermyne Group Limited (ASX:MYE) Be Part Of Your Dividend Portfolio?

Could Mastermyne Group Limited ( ASX:MYE ) be an attractive dividend share to own for the long haul? Investors are...
Analysis Article • Jan 29

How Should Investors React To Mastermyne Group's (ASX:MYE) CEO Pay?

Tony Caruso became the CEO of Mastermyne Group Limited ( ASX:MYE ) in 2005, and we think it's a good time to look at...
Analysis Article • Jan 11

Are Strong Financial Prospects The Force That Is Driving The Momentum In Mastermyne Group Limited's ASX:MYE) Stock?

Most readers would already be aware that Mastermyne Group's (ASX:MYE) stock increased significantly by 16% over the...
Analysis Article • Dec 24

Mastermyne Group (ASX:MYE) Has Gifted Shareholders With A Fantastic 261% Total Return On Their Investment

While Mastermyne Group Limited ( ASX:MYE ) shareholders are probably generally happy, the stock hasn't had particularly...
Analysis Article • Dec 06

What Do The Returns At Mastermyne Group (ASX:MYE) Mean Going Forward?

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Nov 18

Here's Why Mastermyne Group's (ASX:MYE) Statutory Earnings Are Arguably Too Conservative

It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...

CEO Compensation Analysis

How has Jeff Whiteman's remuneration changed compared to Mastermyne Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026AU$1mAU$610k

AU$2m

Dec 31 2025n/an/a

AU$2m

Sep 30 2025n/an/a

AU$2m

Jun 30 2025AU$870kAU$547k

AU$2m

Dec 31 2024n/an/a

AU$11m

Sep 30 2024n/an/a

AU$16m

Jun 30 2024AU$1mAU$575k

AU$21m

Dec 31 2023n/an/a

AU$43m

Sep 30 2023n/an/a

AU$6m

Jun 30 2023AU$698kAU$296k

-AU$31m

Compensation vs Market: Jeff's total compensation ($USD932.94K) is above average for companies of similar size in the Australian market ($USD339.51K).

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


CEO

Jeff Whiteman

2.6yrs
Tenure
AU$1,300,608
Compensation

Mr. Jeffrey Keith Whiteman, also known as Jeff, is Chief Executive Officer, Director & Managing Director at Mastermyne Group Limited (formerly known as Metarock Group Limited) since February 5, 2024 and se...


Leadership Team

NamePositionTenureCompensationOwnership
Jeffrey Whiteman
CEO, MD & Director2.6yrsAU$1.30m0.21%
A$ 419.6k
Matthew Ruhl
Chief Financial Officer1.7yrsAU$556.49kno data
Wayne Price
Chief Operating Officer1.3yrsAU$817.95k0.27%
A$ 536.8k
Stephen Rodgers
Company Secretaryless than a yearno datano data
1.5yrs
Average Tenure

Experienced Management: MYE's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jeffrey Whiteman
CEO, MD & Director2.6yrsAU$1.30m0.21%
A$ 419.6k
Andrew Watts
Non-Executive Director16.5yrsAU$97.02k4.89%
A$ 9.8m
Wayne Bull
Non-Executive Director1.3yrsAU$90.00kno data
Gerhardus Redelinghuys
Independent Non-Executive Directorno datano data0.30%
A$ 595.1k
Yi Ching Chan
Independent Chairmanless than a yearAU$90.59kno data
Andrew Kazakoff
Alternate Director1.3yrsno datano data
Benjamin Gargett
Non-Executive Director1.2yrsAU$108.00kno data
1.3yrs
Average Tenure

Experienced Board: MYE's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/12 22:58
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2026/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mastermyne Group Limited is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Duncan SimmondsBofA Global Research
Daniel PorterCanaccord Genuity Historic (Wilsons Advisory and Stockbroking Ltd.
Finola BurkeRaaS Advisory Pty Ltd

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