ASX:MYE

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet with high growth potential.


Similar Companies

Share Price & News

How has Mastermyne Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-4.6%

MYE

-3.5%

AU Metals and Mining

-0.2%

AU Market


1 Year Return

-21.2%

MYE

8.3%

AU Metals and Mining

10.5%

AU Market

Return vs Industry: MYE underperformed the Australian Metals and Mining industry which returned 8.3% over the past year.

Return vs Market: MYE underperformed the Australian Market which returned 10.5% over the past year.


Shareholder returns

MYEIndustryMarket
7 Day-4.6%-3.5%-0.2%
30 Day-14.4%-7.1%-1.4%
90 Day9.5%-13.1%-1.0%
1 Year-18.6%-21.2%15.8%8.3%16.9%10.5%
3 Year258.4%246.7%57.4%38.4%36.9%18.6%
5 Year119.4%96.2%66.4%26.8%50.2%16.2%

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

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$1.04) is trading below our estimate of fair value (A$16.18)

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 (14.7x) compared to the Metals and Mining industry average (13.1x).

PE vs Market: MYE is good value based on its PE Ratio (14.7x) compared to the Australian market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: MYE is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: MYE is overvalued based on its PB Ratio (1.7x) compared to the AU Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

26.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MYE's forecast earnings growth (26.8% per year) is above the savings rate (2.3%).

Earnings vs Market: MYE's earnings (26.8% per year) are forecast to grow faster than the Australian market (10.2% per year).

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

Revenue vs Market: MYE's revenue (12.9% per year) is forecast to grow faster than the Australian market (3.6% per year).

High Growth Revenue: MYE's revenue (12.9% per year) is forecast to grow slower 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 (20.9%)


Next Steps

Past Performance

How has Mastermyne Group performed over the past 5 years?

34.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MYE's earnings have grown significantly by 34.3% per year over the past 5 years.

Accelerating Growth: MYE's earnings growth over the past year (47.9%) exceeds its 5-year average (34.3% per year).

Earnings vs Industry: MYE earnings growth over the past year (47.9%) exceeded the Metals and Mining industry 14.4%.


Return on Equity

High ROE: MYE's Return on Equity (11.5%) is considered low.


Return on Assets

ROA vs Industry: MYE's Return on Assets is below or equal to the Metals and Mining industry average last year.


Return on Capital Employed

ROCE Improving: MYE's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Mastermyne Group's financial position?


Financial Position Analysis

Short Term Liabilities: MYE's short term assets (A$58.8M) exceeds its short term liabilities (A$27.4M)

Long Term Liabilities: MYE's short term assets (58.8M) exceeds its long term liabilities (241.0K)


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 5.5%.

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

Inventory Level: MYE has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if MYE's debt is covered by short term assets.


Next Steps

Dividend

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

1.92%

Current Dividend Yield


Dividend Yield vs Market

company1.9%marketbottom25%2.4%markettop25%5.6%industryaverage4.9%forecastin3Years7.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MYE's dividend (1.92%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.44%).

High Dividend: MYE's dividend (1.92%) is low compared to the top 25% of dividend payers in the Australian market (5.61%).

Stable Dividend: MYE has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MYE's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.2%), MYE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MYE's dividends in 3 years are forecast to be well covered by earnings (48.7% payout ratio).


Next Steps

Management

What is the CEO of Mastermyne Group's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Tony Caruso 0

14.8yrs

Tenure

AU$661,312

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 ($USD453.82K) is about average for companies of similar size in the Australian market ($USD259.85K).

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


Management Age and Tenure

1.8yrs

Average Tenure

Experienced Management: MYE's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

4.7yrs

Average Tenure

Experienced Board: MYE's board of directors are considered experienced (4.7 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyAU$10,08028 May 19
Julie Whitcombe
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares12,000
Max PriceAU$0.84

Ownership Breakdown


Management Team

  • Tony Caruso

    CEO, MD & Executive Director

    • Tenure: 14.8yrs
    • Compensation: AU$661.31k
  • Brett Maff

    CFO & Company Secretary

    • Tenure: 0.9yrs
    • Compensation: AU$441.05k
  • Viv Gayton

    Executive General Manager of Human Resource

    • Tenure: 9.2yrs
    • Compensation: AU$374.33k
  • David Sykes

    Executive General Manager of Growth & Strategy

    • Tenure: 0yrs
    • Compensation: AU$509.26k
  • Patrick McCoy

    Executive General Manager of QLD Mining

    • Tenure: 1.8yrs
    • Compensation: AU$360.59k
  • Wayne Price

    Executive General Manager of NSW Mining

    • Tenure: 1.8yrs
    • Compensation: AU$462.36k

Board Members

  • Tony Caruso

    CEO, MD & Executive Director

    • Tenure: 14.8yrs
    • Compensation: AU$661.31k
  • Andrew Watts

    Non-Executive Director

    • Tenure: 9.6yrs
    • Compensation: AU$51.12k
  • Col Bloomfield

    Non-Executive Independent Chairman

    • Tenure: 4.7yrs
    • Compensation: AU$86.99k
  • Julie Whitcombe

    Independent Non-Executive Director

    • Tenure: 1.3yrs
    • Compensation: AU$52.91k
  • Gabe Meena

    Independent Non-Executive Director

    • Tenure: 4.1yrs
    • Compensation: AU$53.70k

Company Information

Mastermyne Group Limited's company bio, 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$104.207m
  • Shares outstanding: 101.67m
  • Website: https://www.mastermyne.com.au

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MYEASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMay 2010
24DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2010
MYECHIA (Chi-X Australia)YesOrdinary SharesAUAUDMay 2010

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 10:34
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.