Macmahon Holdings Limited

CHIA:MAH Stock Report

Market Cap: AU$644.0m

Macmahon Holdings Valuation

Is MAH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MAH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
AU$0.79
Fair Value
62.2% undervalued intrinsic discount
2
Number of Analysts

Below Fair Value: MAH (A$0.3) is trading below our estimate of fair value (A$0.79)

Significantly Below Fair Value: MAH is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MAH?

Key metric: As MAH is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MAH. This is calculated by dividing MAH's market cap by their current earnings.
What is MAH's PE Ratio?
PE Ratio13.8x
EarningsAU$46.71m
Market CapAU$644.01m

Price to Earnings Ratio vs Peers

How does MAH's PE Ratio compare to its peers?

The above table shows the PE ratio for MAH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.7x
MLX Metals X
27.5xn/aAU$478.7m
PRN Perenti
13.7x22.1%AU$1.3b
GNG GR Engineering Services
15.2xn/aAU$474.8m
IMD Imdex
34.5x14.3%AU$1.6b
MAH Macmahon Holdings
13.8x27.8%AU$644.0m

Price-To-Earnings vs Peers: MAH is good value based on its Price-To-Earnings Ratio (13.8x) compared to the peer average (22.7x).

Price to Earnings Ratio vs Industry

How does MAH's PE Ratio compare vs other companies in the AU Metals and Mining Industry?

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KCN Kingsgate Consolidated
1.8x-14.8%US$228.25m
GRR Grange Resources
2.5xn/aUS$168.98m
RHI Red Hill Minerals
1.6xn/aUS$151.84m
PTN Patronus Resources
2.4xn/aUS$65.48m
MAH 13.8xIndustry Avg. 13.6xNo. of Companies13PE01224364860+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MAH is expensive based on its Price-To-Earnings Ratio (13.8x) compared to the Australian Metals and Mining industry average (13.6x).

Price to Earnings Ratio vs Fair Ratio

What is MAH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MAH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.8x
Fair PE Ratio20x

Price-To-Earnings vs Fair Ratio: MAH is good value based on its Price-To-Earnings Ratio (13.8x) compared to the estimated Fair Price-To-Earnings Ratio (20x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MAH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$0.30
AU$0.35
+18.3%
4.2%AU$0.37AU$0.34n/a2
Feb ’26AU$0.35
AU$0.34
-1.4%
7.2%AU$0.37AU$0.32n/a2
Jan ’26AU$0.35
AU$0.34
-2.8%
7.2%AU$0.37AU$0.32n/a2
Dec ’25AU$0.36
AU$0.34
-4.2%
7.2%AU$0.37AU$0.32n/a2
Nov ’25AU$0.38
AU$0.34
-8.6%
7.2%AU$0.37AU$0.32n/a2
Oct ’25AU$0.33
AU$0.32
-0.5%
11.4%AU$0.37AU$0.28n/a3
Sep ’25AU$0.34
AU$0.32
-3.5%
11.4%AU$0.37AU$0.28n/a3
Jul ’25AU$0.27
AU$0.27
+3.1%
3.5%AU$0.28AU$0.26n/a3
Jun ’25AU$0.28
AU$0.27
-1.8%
3.0%AU$0.28AU$0.26n/a4
May ’25AU$0.24
AU$0.27
+11.2%
3.0%AU$0.28AU$0.26n/a4
Apr ’25AU$0.23
AU$0.27
+18.9%
4.9%AU$0.28AU$0.25n/a4
Mar ’25AU$0.19
AU$0.26
+36.8%
4.7%AU$0.28AU$0.25n/a3
Feb ’25AU$0.18
AU$0.25
+39.0%
1.9%AU$0.25AU$0.24AU$0.353
Jan ’25AU$0.18
AU$0.25
+37.0%
1.9%AU$0.25AU$0.24AU$0.353
Dec ’24AU$0.17
AU$0.25
+41.0%
1.9%AU$0.25AU$0.24AU$0.363
Nov ’24AU$0.15
AU$0.24
+57.4%
5.1%AU$0.25AU$0.22AU$0.384
Oct ’24AU$0.17
AU$0.24
+41.2%
5.1%AU$0.25AU$0.22AU$0.334
Sep ’24AU$0.17
AU$0.24
+45.5%
5.1%AU$0.25AU$0.22AU$0.344
Aug ’24AU$0.15
AU$0.23
+55.0%
4.7%AU$0.25AU$0.22AU$0.284
Jul ’24AU$0.15
AU$0.23
+50.0%
4.7%AU$0.25AU$0.22AU$0.274
Jun ’24AU$0.12
AU$0.23
+89.8%
4.7%AU$0.25AU$0.22AU$0.284
May ’24AU$0.14
AU$0.23
+66.1%
4.7%AU$0.25AU$0.22AU$0.244
Apr ’24AU$0.14
AU$0.22
+57.1%
13.6%AU$0.25AU$0.17AU$0.234
Mar ’24AU$0.15
AU$0.23
+48.4%
14.6%AU$0.27AU$0.17AU$0.195
Feb ’24AU$0.16
AU$0.24
+50.0%
14.9%AU$0.27AU$0.17AU$0.185
Analyst Price Target
Consensus Narrative from 2 Analysts
AU$0.35
Fair Value
14.1% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/19 03:39
End of Day Share Price 2025/02/19 00:00
Earnings2024/12/31
Annual Earnings2024/06/30

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
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 world class team 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

Macmahon Holdings Limited is covered by 16 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Moira DawAPP Securities Pty Ltd.
Cameron BellCanaccord Genuity
Raju AhmedCCZ Equities Pty Limited