Macmahon Holdings Limited

CHIA:MAH Stock Report

Market Cap: AU$749.6m

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.

Below Fair Value: MAH (A$0.36) is trading below our estimate of fair value (A$1.24)

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 Ratio14.1x
EarningsAU$53.23m
Market CapAU$749.58m

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 Average29.1x
BLY Boart Longyear Group
42.4xn/aAU$861.1m
PRN Perenti
12.1x23.3%AU$1.2b
MLX Metals X
21.4xn/aAU$372.1m
IMD Imdex
40.6x19.6%AU$1.3b
MAH Macmahon Holdings
14.1x11.1%AU$749.6m

Price-To-Earnings vs Peers: MAH is good value based on its Price-To-Earnings Ratio (14.1x) compared to the peer average (29.1x).

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
1.9x-13.3%US$243.86m
RHI Red Hill Minerals
1.8xn/aUS$181.39m
GRR Grange Resources
2.6xn/aUS$176.85m
PTN Patronus Resources
2.4xn/aUS$68.14m
MAH 14.1xIndustry Avg. 11.9xNo. of Companies12PE01224364860+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MAH is expensive based on its Price-To-Earnings Ratio (14.1x) compared to the Australian Metals and Mining industry average (12.1x).

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 Ratio14.1x
Fair PE Ratio15.9x

Price-To-Earnings vs Fair Ratio: MAH is good value based on its Price-To-Earnings Ratio (14.1x) compared to the estimated Fair Price-To-Earnings Ratio (15.9x).

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$0.35
AU$0.34
-2.8%
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$0.24n/a3
Jan ’25AU$0.18
AU$0.25
+37.0%
1.9%AU$0.25AU$0.24n/a3
Dec ’24AU$0.17
AU$0.25
+41.0%
1.9%AU$0.25AU$0.24n/a3
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
Jan ’24AU$0.14
AU$0.24
+65.5%
14.9%AU$0.27AU$0.17AU$0.185
Dec ’23AU$0.16
AU$0.24
+52.4%
14.9%AU$0.27AU$0.17AU$0.175
Nov ’23AU$0.14
AU$0.24
+68.6%
15.1%AU$0.27AU$0.17AU$0.155

Analyst Forecast: Target price is lower than the current share price.

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