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. More Details
Flawless balance sheet, undervalued and pays a dividend.
Share Price & News
How has Mastermyne Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MYE's share price has been volatile over the past 3 months.
7 Day Return
AU Metals and Mining
1 Year Return
AU Metals and Mining
Return vs Industry: MYE underperformed the Australian Metals and Mining industry which returned 15.3% over the past year.
Return vs Market: MYE underperformed the Australian Market which returned -5.7% over the past year.
Price Volatility Vs. Market
How volatile is Mastermyne Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall StWhat Can We Make Of Mastermyne Group's (ASX:MYE) CEO Compensation?
2 weeks ago | Simply Wall StIs Mastermyne Group Limited's (ASX:MYE) Latest Stock Performance A Reflection Of Its Financial Health?
1 month ago | Simply Wall StMastermyne Group (ASX:MYE) Could Be A Buy For Its Upcoming Dividend
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$0.76) is trading below our estimate of fair value (A$5.33)
Significantly Below Fair Value: MYE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MYE is good value based on its PE Ratio (6.9x) compared to the AU Metals and Mining industry average (11.6x).
PE vs Market: MYE is good value based on its PE Ratio (6.9x) compared to the Australian market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MYE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MYE is good value based on its PB Ratio (1.1x) 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 0 analysts?
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mastermyne Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Mastermyne Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Mastermyne Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
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 (3.9%) are higher than last year (3.2%).
Past Earnings Growth Analysis
Earnings Trend: MYE has become profitable over the past 5 years, growing earnings by 63.7% per year.
Accelerating Growth: MYE's earnings growth over the past year (60.4%) is below its 5-year average (63.7% per year).
Earnings vs Industry: MYE earnings growth over the past year (60.4%) exceeded the Metals and Mining industry 22.2%.
Return on Equity
High ROE: MYE's Return on Equity (15.8%) is considered low.
How is Mastermyne Group's financial position?
Financial Position Analysis
Short Term Liabilities: MYE's short term assets (A$80.7M) exceed its short term liabilities (A$50.6M).
Long Term Liabilities: MYE's short term assets (A$80.7M) exceed its long term liabilities (A$13.1M).
Debt to Equity History and Analysis
Debt Level: MYE is debt free.
Reducing Debt: MYE has no debt compared to 5 years ago when its debt to equity ratio was 22.8%.
Debt Coverage: MYE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MYE has no debt, therefore coverage of interest payments is not a concern.
What is Mastermyne Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MYE's dividend (10.6%) is higher than the bottom 25% of dividend payers in the Australian market (2.14%).
High Dividend: MYE's dividend (10.6%) is in the top 25% of dividend payers in the Australian market (5.48%)
Stability and Growth of Payments
Stable Dividend: MYE's dividend payments have been volatile in the past 10 years.
Growing Dividend: MYE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.7%), MYE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Anthony Salvatore Caruso, also known as Tony, has been the Chief Executive Officer and Managing Director of Mastermyne Group Limited since 2005 and 2008 respectively. Mr. Caruso is responsible for tend ...
CEO Compensation Analysis
Compensation vs Market: Tony's total compensation ($USD508.33K) is above average for companies of similar size in the Australian market ($USD275.98K).
Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.
|CEO, MD & Executive Director||15.75yrs||AU$720.82k||2.03% |
|CFO & Company Secretary||1.92yrs||AU$479.50k||0.085% |
|General Manager of Human Resources||10.17yrs||AU$412.73k||0.085% |
|General Manager of Strategy & Growth||no data||AU$508.23k||0.17% |
|General Manager of NSW Mining||2.75yrs||AU$470.94k||no data|
|General Manager of Mining QLD||0.58yr||AU$291.21k||no data|
Experienced Management: MYE's management team is considered experienced (2.8 years average tenure).
|CEO, MD & Executive Director||15.75yrs||AU$720.82k||2.03% |
|Non-Executive Director||10.58yrs||AU$50.54k||11.66% |
|Non-Executive Independent Chairman||5.67yrs||AU$90.80k||1.05% |
|Independent Non-Executive Director||2.33yrs||AU$56.12k||0.089% |
|Independent Non-Executive Director||5.08yrs||AU$56.12k||0.095% |
Experienced Board: MYE's board of directors are considered experienced (5.7 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.4%.
Mastermyne Group Limited's company bio, 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$77.300m
- Shares outstanding: 105.17m
- Website: https://www.mastermyne.com.au
Number of Employees
- Mastermyne Group Limited
- Riverside Plaza
- Level 1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MYE||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||May 2010|
|24||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||May 2010|
|MYE||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||May 2010|
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 Sout ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/21 10:37|
|End of Day Share Price||2020/10/21 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.