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.
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 -20% over the past year.
Return vs Market: MYE underperformed the Australian Market which returned -22.8% 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
2 days ago | Simply Wall StWhat Is Mastermyne Group's (ASX:MYE) P/E Ratio After Its Share Price Tanked?
1 week ago | Simply Wall StThere's A Lot To Like About Mastermyne Group Limited's (ASX:MYE) Upcoming AU$0.02 Dividend
2 weeks ago | Simply Wall StWhat Is Mastermyne Group's (ASX:MYE) P/E Ratio After Its Share Price Tanked?
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$0.57) is trading below our estimate of fair value (A$0.67)
Significantly Below Fair Value: MYE is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MYE is good value based on its PE Ratio (6.4x) compared to the Metals and Mining industry average (7.2x).
PE vs Market: MYE is good value based on its PE Ratio (6.4x) compared to the Australian market (12.6x).
Price to Earnings Growth Ratio
PEG Ratio: MYE is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: MYE is good value based on its PB Ratio (0.9x) compared to the AU Metals and Mining industry average (1x).
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 (24.9% per year) is above the savings rate (1.1%).
Earnings vs Market: MYE's earnings (24.9% per year) are forecast to grow faster than the Australian market (10% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MYE's revenue (14.9% per year) is forecast to grow faster than the Australian market (4.2% per year).
High Growth Revenue: MYE's revenue (14.9% 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 (24.8%)
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 (3.6%) are higher than last year (2.6%).
Past Earnings Growth Analysis
Earnings Trend: MYE has become profitable over the past 5 years, growing earnings by 55% per year.
Accelerating Growth: MYE's earnings growth over the past year (64.8%) exceeds its 5-year average (55% per year).
Earnings vs Industry: MYE earnings growth over the past year (64.8%) exceeded the Metals and Mining industry -7%.
Return on Equity
High ROE: MYE's Return on Equity (14.3%) is considered low.
How is Mastermyne Group's financial position?
Financial Position Analysis
Short Term Liabilities: MYE's short term assets (A$63.6M) exceed its short term liabilities (A$43.4M).
Long Term Liabilities: MYE's short term assets (A$63.6M) exceed its long term liabilities (A$9.8M).
Debt to Equity History and Analysis
Debt Level: MYE's debt to equity ratio (5.9%) is considered satisfactory.
Reducing Debt: MYE's debt to equity ratio has reduced from 20% to 5.9% over the past 5 years.
Debt Coverage: MYE's debt is well covered by operating cash flow (436.9%).
Interest Coverage: MYE's interest payments on its debt are well covered by EBIT (31.7x coverage).
Inventory Level: MYE has a high level of physical assets or inventory.
Debt Coverage by Assets: MYE's debt is covered by short term assets (assets are 16.6x debt).
What is Mastermyne Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MYE's dividend (7.02%) is higher than the bottom 25% of dividend payers in the Australian market (3.37%).
High Dividend: MYE's dividend (7.02%) is low compared to the top 25% of dividend payers in the Australian market (8.57%).
Stability and Growth of Payments
Stable Dividend: MYE's dividend payments have been volatile in the past 10 years.
Growing Dividend: MYE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.2%), MYE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MYE's dividends in 3 years are forecast to be well covered by earnings (22.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Anthony Salvatore Caruso, also known as Tony, has been the Chief Executive Officer and Managing Director of Mastermyne Group Limited since 2005 and 2008 respectively. Mr. Caruso is responsible for tend ...
CEO Compensation Analysis
Compensation vs Market: Tony's total compensation ($USD405.61K) is above average for companies of similar size in the Australian market ($USD242.11K).
Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.
|CEO, MD & Executive Director||15.17yrs||AU$661.31k||2.09% A$1.2m|
|CFO & Company Secretary||1.33yrs||AU$441.05k||0.025% A$14.3k|
|Executive General Manager of Human Resource||9.58yrs||AU$374.33k||0.013% A$7.3k|
|Executive General Manager of Growth & Strategy||no data||AU$509.26k||0.013% A$7.5k|
|Executive General Manager of QLD Mining||2.17yrs||AU$360.59k||no data|
|Executive General Manager of NSW Mining||2.17yrs||AU$462.36k||no data|
Experienced Management: MYE's management team is considered experienced (2.2 years average tenure).
|CEO, MD & Executive Director||15.17yrs||AU$661.31k||2.09% A$1.2m|
|Non-Executive Director||10yrs||AU$51.12k||11.99% A$7.0m|
|Non-Executive Independent Chairman||5yrs||AU$86.99k||1.08% A$627.0k|
|Independent Non-Executive Director||1.75yrs||AU$52.91k||0.043% A$25.1k|
|Independent Non-Executive Director||4.5yrs||AU$53.70k||0.098% A$57.0k|
Experienced Board: MYE's board of directors are considered experienced (5.1 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 4.2%.
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$58.301m
- Shares outstanding: 102.28m
- 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 South Wales, Australia. It operates in two segments, Mastermyne and Mastertec. The Mastermyne segment offers project management, labour and equipment hiring, underground roadway development, underground ventilation device installation, bulk materials handling system installation and relocation, and underground mine support services, as well as underground conveyor installation, extension, and maintenance services. The Mastertec segment provides a range of above-ground contracting services to ports, resources, industrial, and infrastructure sectors. Mastermyne Group Limited was founded in 1996 and is headquartered in Mackay, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/29 10:39|
|End of Day Share Price||2020/03/27 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.