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McGrath Past Earnings Performance

Past criteria checks 5/6

McGrath has been growing earnings at an average annual rate of 58.6%, while the Real Estate industry saw earnings growing at 10.6% annually. Revenues have been growing at an average rate of 1.1% per year. McGrath's return on equity is 22.1%, and it has net margins of 14.8%.

Key information

58.6%

Earnings growth rate

59.7%

EPS growth rate

Real Estate Industry Growth	11.8%
Revenue growth rate	1.1%
Return on equity	22.1%
Net Margin	14.8%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

We Think McGrath's (ASX:MEA) Profit Is Only A Baseline For What They Can Achieve

Feb 28

McGrath Limited (ASX:MEA) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead ?

Feb 03

If You Had Bought McGrath's (ASX:MEA) Shares Five Years Ago You Would Be Down 75%

Dec 12

Revenue & Expenses Breakdown

How McGrath makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

ASX:MEA Revenue, expenses and earnings (AUD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	80	12	35
30 Sep 23	81	9	35
30 Jun 23	83	6	36
31 Mar 23	89	6	36
31 Dec 22	96	7	37
30 Sep 22	104	9	38
30 Jun 22	112	12	39
31 Mar 22	119	15	40
31 Dec 21	125	18	42
30 Sep 21	124	18	42
30 Jun 21	122	19	43
31 Mar 21	111	14	42
31 Dec 20	100	10	41
30 Sep 20	96	5	41
30 Jun 20	92	1	41
31 Mar 20	90	-3	44
31 Dec 19	89	-7	47
30 Sep 19	86	-11	48
30 Jun 19	83	-16	50
31 Mar 19	86	-31	50
31 Dec 18	90	-47	51
30 Sep 18	95	-55	53
30 Jun 18	99	-63	55
31 Mar 18	106	-43	55
31 Dec 17	114	-23	55
30 Sep 17	122	-9	54
30 Jun 17	129	5	53
31 Mar 17	132	8	51
31 Dec 16	134	11	50
30 Sep 16	127	10	50
30 Jun 16	121	8	50
31 Mar 16	110	7	47
31 Dec 15	99	5	43
30 Sep 15	93	6	38
30 Jun 15	86	7	32
30 Jun 14	72	9	26
30 Jun 13	56	4	22

Quality Earnings: MEA has a high level of non-cash earnings.

Growing Profit Margin: MEA's current net profit margins (14.8%) are higher than last year (6.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MEA has become profitable over the past 5 years, growing earnings by 58.6% per year.

Accelerating Growth: MEA's earnings growth over the past year (79.1%) exceeds its 5-year average (58.6% per year).

Earnings vs Industry: MEA earnings growth over the past year (79.1%) exceeded the Real Estate industry 4%.

Return on Equity

High ROE: MEA's Return on Equity (22.1%) is considered high.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/06/28 15:13
End of Day Share Price	2024/06/28 00:00
Earnings	2023/12/31
Annual Earnings	2023/06/30

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

McGrath Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Chris Savage	Bell Potter

This company listing is no longer active

McGrath Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

First half 2024 earnings released: EPS: AU$0.048 (vs AU$0.012 in 1H 2023)

McGrath Limited to Report Q2, 2024 Results on Feb 19, 2024

Full year 2023 earnings released: EPS: AU$0.039 (vs AU$0.072 in FY 2022)

McGrath Limited to Report Fiscal Year 2023 Results on Aug 21, 2023

First half 2023 earnings released: EPS: AU$0.012 (vs AU$0.042 in 1H 2022)

McGrath Limited to Report First Half, 2023 Results on Feb 20, 2023

Recent updates

A consortium including Bayley Corporation Limited, Knight Frank Australia Holdings Pty Ltd and John McGrath completed the acquisition of McGrath Limited (ASX:MEA) from John McGrath and others

McGrath Limited Declares Permitted Dividend, Payable on 19 June 2024

McGrath Limited to Delist from Exchange

First half 2024 earnings released: EPS: AU$0.048 (vs AU$0.012 in 1H 2023)

McGrath Limited (ASX:MEA) Might Not Be As Mispriced As It Looks

McGrath Limited to Report Q2, 2024 Results on Feb 19, 2024

McGrath Limited, Annual General Meeting, Nov 16, 2023

Full year 2023 earnings released: EPS: AU$0.039 (vs AU$0.072 in FY 2022)

New minor risk - Financial data availability

McGrath Limited Announces Special Dividend for the Year Ended June 30, 2023, Payable on 14 September 2023

McGrath Limited to Report Fiscal Year 2023 Results on Aug 21, 2023

First half 2023 earnings released: EPS: AU$0.012 (vs AU$0.042 in 1H 2022)

McGrath Limited Announces Dividend for the Six Months Ended December 31, 2022, Payable on March 14, 2023

McGrath Limited Announces Changes to its Board

McGrath Limited to Report First Half, 2023 Results on Feb 20, 2023

McGrath Limited (ASX:MEA) acquired 30% stake in Central Coast franchisee from Jaimie Woodcock and Mat Steinwede.

McGrath Limited, Annual General Meeting, Nov 22, 2022

McGrath (ASX:MEA) Will Pay A Dividend Of A$0.01

Full year 2022 earnings released: EPS: AU$0.072 (vs AU$0.11 in FY 2021)

McGrath Limited Announces Final Dividend for the Period of Six Months Ended June 30, 2022, Payable on September 20, 2022

McGrath Limited to Report Fiscal Year 2022 Results on Aug 22, 2022

McGrath Limited Provides Earnings Guidance for the Year 2022

Here's Why We Think McGrath (ASX:MEA) Is Well Worth Watching

Less than half of directors are independent

McGrath Limited Appoints John McGrath as Chief Executive Officer

Less than half of directors are independent

McGrath Limited (ASX:MEA) announces an Equity Buyback for 16,684,993 shares, representing 10% for AUD 2.5 million.

McGrath (ASX:MEA) Is Paying Out A Larger Dividend Than Last Year

McGrath Limited Announces Special Dividend, Payable on 23 March 2022

McGrath Limited Announces Resignation of Eddie Law as Chief Executive Officer

Mcgrath Limited Announces Appointment of Juliana Nguyen as A Non-Executive Director

If You Like EPS Growth Then Check Out McGrath (ASX:MEA) Before It's Too Late

Insider recently sold AU$1.5m worth of stock

Full year 2021 earnings released: EPS AU$0.11 (vs AU$0.004 in FY 2020)

We Think McGrath's (ASX:MEA) Profit Is Only A Baseline For What They Can Achieve

First half 2021 earnings released: EPS AU$0.049 (vs AU$0.006 loss in 1H 2020)

New 90-day high: AU$0.54