ASX:MYE

Stock Analysis Report

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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. More Details


Snowflake Analysis

Flawless balance sheet, undervalued and pays a dividend.


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

Stable Share Price: MYE has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.5%

MYE

-0.9%

AU Metals and Mining

-0.3%

AU Market


1 Year Return

-23.3%

MYE

13.1%

AU Metals and Mining

-6.9%

AU Market

Return vs Industry: MYE underperformed the Australian Metals and Mining industry which returned 15.2% over the past year.

Return vs Market: MYE underperformed the Australian Market which returned -7% over the past year.


Shareholder returns

MYEIndustryMarket
7 Day2.5%-0.9%-0.3%
30 Day-7.5%2.0%5.1%
90 Day15.8%-0.4%4.2%
1 Year-16.8%-23.3%19.1%13.1%-3.5%-6.9%
3 Year8.8%-3.0%58.6%36.3%18.1%3.0%
5 Year276.4%235.4%141.5%97.3%44.2%15.1%

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$0.81) is trading below our estimate of fair value (A$5.31)

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 (7.3x) compared to the AU Metals and Mining industry average (11.7x).

PE vs Market: MYE is good value based on its PE Ratio (7.3x) compared to the Australian market (21.3x).


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).


Next Steps

Future Growth

How is Mastermyne Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

2.8%

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.


Next Steps

Past Performance

How has Mastermyne Group performed over the past 5 years?

63.7%

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.


Next Steps

Financial Health

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.


Balance Sheet


Next Steps

Dividend

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

9.94%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MYE's dividend (9.94%) is higher than the bottom 25% of dividend payers in the Australian market (2.09%).

High Dividend: MYE's dividend (9.94%) is in the top 25% of dividend payers in the Australian market (5.45%)


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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Tony Caruso

15.75yrs

Tenure

AU$720,815

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 ($USD512.63K) is above average for companies of similar size in the Australian market ($USD277.57K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Anthony Caruso
CEO, MD & Executive Director15.75yrsAU$720.82k2.03%
A$ 1.7m
Brett Maff
CFO & Company Secretary1.92yrsAU$479.50k0.085%
A$ 72.0k
Vivienne Gayton
General Manager of Human Resources10.17yrsAU$412.73k0.085%
A$ 72.2k
David Sykes
General Manager of Strategy & Growthno dataAU$508.23k0.17%
A$ 142.1k
Wayne Price
General Manager of NSW Mining2.75yrsAU$470.94kno data
P. Green
General Manager of Mining QLD0.58yrAU$291.21kno data

2.8yrs

Average Tenure

Experienced Management: MYE's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Anthony Caruso
CEO, MD & Executive Director15.75yrsAU$720.82k2.03%
A$ 1.7m
Andrew Watts
Non-Executive Director10.58yrsAU$50.54k11.66%
A$ 9.9m
Colin Bloomfield
Non-Executive Independent Chairman5.67yrsAU$90.80k1.05%
A$ 889.9k
Julie Whitcombe
Independent Non-Executive Director2.33yrsAU$56.12k0.089%
A$ 76.0k
Gabriel Meena
Independent Non-Executive Director5.08yrsAU$56.12k0.095%
A$ 80.9k

5.7yrs

Average Tenure

Experienced Board: MYE's board of directors are considered experienced (5.7 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4%.


Top Shareholders

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$85.079m
  • Shares outstanding: 105.69m
  • 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 Analysis2020/10/24 10:38
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.