Loading...

MACA

DB:MKM
Snowflake Description

Flawless balance sheet, undervalued and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MKM
DB
A$263M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

MACA Limited engages in contract mining and crushing, civil construction, infrastructure, and mineral processing equipment business in Australia and Brazil. The last earnings update was 111 days ago. More info.


Add to Portfolio Compare Print
MKM Share Price and Events
7 Day Returns
-1.7%
DB:MKM
-0.6%
DE Metals and Mining
-3.6%
DE Market
1 Year Returns
-17.2%
DB:MKM
-46.7%
DE Metals and Mining
-11.8%
DE Market
MKM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MACA (MKM) -1.7% 0.3% 3.5% -17.2% - -
DE Metals and Mining -0.6% -3.3% -9.7% -46.7% -28.7% -36.7%
DE Market -3.6% -2.1% -0.8% -11.8% 12% 5.8%
1 Year Return vs Industry and Market
  • MKM outperformed the Metals and Mining industry which returned -46.7% over the past year.
  • MKM underperformed the Market in Germany which returned -11.8% over the past year.
Price Volatility
MKM
Industry
5yr Volatility vs Market

Value

 Is MACA undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of MACA to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for MACA.

DB:MKM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:MKM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.026 (1 + (1- 30%) (29.74%))
1.16
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.16 * 5.96%)
7.14%

Discounted Cash Flow Calculation for DB:MKM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for MACA is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:MKM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.14%)
2019 -34.60 Analyst x3 -32.29
2020 27.73 Analyst x3 24.16
2021 38.25 Analyst x2 31.10
2022 46.82 Est @ 22.4% 35.53
2023 54.19 Est @ 15.75% 38.38
2024 60.20 Est @ 11.09% 39.79
2025 64.91 Est @ 7.83% 40.05
2026 68.52 Est @ 5.55% 39.46
2027 71.23 Est @ 3.95% 38.28
2028 73.25 Est @ 2.84% 36.74
Present value of next 10 years cash flows A$291.20
DB:MKM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$73.25 × (1 + 0.23%) ÷ (7.14% – 0.23%)
A$1,061.75
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$1,061.75 ÷ (1 + 7.14%)10
A$532.61
DB:MKM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$291.20 + A$532.61
A$823.81
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$823.81 / 268.01
A$3.07
DB:MKM Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MKM represents 0.6049x of ASX:MLD
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.6049x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 3.07 x 0.6049
€1.86
Value per share (EUR) From above. €1.86
Current discount Discount to share price of €0.59
= -1 x (€0.59 - €1.86) / €1.86
68.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price MACA is available for.
Intrinsic value
>50%
Share price is €0.59 vs Future cash flow value of €1.86
Current Discount Checks
For MACA to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • MACA's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • MACA's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for MACA's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MACA's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MKM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.07
ASX:MLD Share Price ** ASX (2019-06-14) in AUD A$0.98
Europe Metals and Mining Industry PE Ratio Median Figure of 105 Publicly-Listed Metals and Mining Companies 9.5x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of MACA.

DB:MKM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:MLD Share Price ÷ EPS (both in AUD)

= 0.98 ÷ 0.07

13.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MACA is overvalued based on earnings compared to the Europe Metals and Mining industry average.
  • MACA is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does MACA's expected growth come at a high price?
Raw Data
DB:MKM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
22.9%per year
Europe Metals and Mining Industry PEG Ratio Median Figure of 63 Publicly-Listed Metals and Mining Companies 0.65x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

DB:MKM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.31x ÷ 22.9%

0.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MACA is good value based on expected growth next year.
Price based on value of assets
What value do investors place on MACA's assets?
Raw Data
DB:MKM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$1.20
ASX:MLD Share Price * ASX (2019-06-14) in AUD A$0.98
Germany Metals and Mining Industry PB Ratio Median Figure of 7 Publicly-Listed Metals and Mining Companies 3.25x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:MKM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:MLD Share Price ÷ Book Value per Share (both in AUD)

= 0.98 ÷ 1.20

0.82x

* Primary Listing of MACA.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MACA is good value based on assets compared to the DE Metals and Mining industry average.
X
Value checks
We assess MACA's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. MACA has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is MACA expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MACA expected to grow at an attractive rate?
  • MACA's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • MACA's earnings growth is expected to exceed the Germany market average.
  • MACA's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MKM Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MKM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 22.9%
DB:MKM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 6.5%
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 46.6%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:MKM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MKM Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 722 85 31 3
2020-06-30 679 85 27 3
2019-06-30 643 65 19 3
DB:MKM Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 602 27 20
2018-09-30 582 18 22
2018-06-30 563 9 24
2018-03-31 551 17 26
2017-12-31 540 25 27
2017-09-30 519 46 30
2017-06-30 498 68 32
2017-03-31 482 73 30
2016-12-31 465 77 28
2016-09-30 448 71 26
2016-06-30 431 64 24
2016-03-31 461 84 28

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • MACA's earnings are expected to grow significantly at over 20% yearly.
  • MACA's revenue is expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:MKM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from MACA Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MKM Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.11 0.13 0.09 3.00
2020-06-30 0.10 0.12 0.09 3.00
2019-06-30 0.07 0.08 0.06 3.00
DB:MKM Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.07
2018-09-30 0.08
2018-06-30 0.09
2018-03-31 0.10
2017-12-31 0.11
2017-09-30 0.12
2017-06-30 0.14
2017-03-31 0.13
2016-12-31 0.12
2016-09-30 0.11
2016-06-30 0.10
2016-03-31 0.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • MACA is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess MACA's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
MACA has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has MACA performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare MACA's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • MACA's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • MACA's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • MACA's 1-year earnings growth is negative, it can't be compared to the Europe Metals and Mining industry average.
Earnings and Revenue History
MACA's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from MACA Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MKM Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 601.61 19.72
2018-09-30 582.10 21.66
2018-06-30 562.59 23.60
2018-03-31 551.49 25.52 0.02
2017-12-31 540.38 27.44 0.04
2017-09-30 519.15 29.75 0.07
2017-06-30 497.92 32.06 0.10
2017-03-31 481.68 30.19 0.15
2016-12-31 465.45 28.33 0.20
2016-09-30 448.43 26.25 0.24
2016-06-30 431.42 24.16 0.28
2016-03-31 460.82 28.13 1.20
2015-12-31 490.22 32.10 2.11
2015-09-30 545.81 43.26 2.08
2015-06-30 601.40 54.41 2.05
2015-03-31 605.12 56.01 1.10
2014-12-31 608.84 57.60 0.14
2014-09-30 602.11 56.52 0.21
2014-06-30 595.39 55.45 0.29
2014-03-31 584.48 57.51 0.40
2013-12-31 573.58 59.57 0.51
2013-09-30 524.72 54.56 0.52
2013-06-30 475.85 49.55 0.53
2013-03-31 443.46 46.68 0.49
2012-12-31 411.07 43.81 0.46
2012-09-30 377.42 40.74 0.41
2012-06-30 343.77 37.68 0.36

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • MACA has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • MACA used its assets less efficiently than the Europe Metals and Mining industry average last year based on Return on Assets.
  • MACA's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess MACA's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
MACA has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is MACA's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up MACA's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MACA is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • MACA's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of MACA's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from MACA Company Filings, last reported 5 months ago.

DB:MKM Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 324.38 78.11 73.73
2018-09-30 324.38 78.11 73.73
2018-06-30 320.84 44.90 111.35
2018-03-31 320.84 44.90 111.35
2017-12-31 326.24 46.75 139.33
2017-09-30 326.24 46.75 139.33
2017-06-30 269.73 47.82 113.66
2017-03-31 269.73 47.82 113.66
2016-12-31 265.71 60.82 123.36
2016-09-30 265.71 60.82 123.36
2016-06-30 255.63 73.71 117.50
2016-03-31 255.63 73.71 117.50
2015-12-31 240.80 68.87 108.66
2015-09-30 240.80 68.87 108.66
2015-06-30 255.97 76.23 118.56
2015-03-31 255.97 76.23 118.56
2014-12-31 255.61 80.47 97.00
2014-09-30 255.61 80.47 97.00
2014-06-30 238.72 97.87 109.96
2014-03-31 238.72 97.87 109.96
2013-12-31 230.54 109.95 163.19
2013-09-30 230.54 109.95 163.19
2013-06-30 202.06 94.18 126.73
2013-03-31 202.06 94.18 126.73
2012-12-31 134.78 83.15 40.21
2012-09-30 134.78 83.15 40.21
2012-06-30 117.25 54.83 41.78
  • MACA's level of debt (24.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (47.6% vs 24.1% today).
  • Debt is well covered by operating cash flow (35%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.6x coverage).
X
Financial health checks
We assess MACA's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. MACA has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is MACA's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.61%
Current annual income from MACA dividends. Estimated to be 5.18% next year.
If you bought €2,000 of MACA shares you are expected to receive €112 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • MACA's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • MACA's dividend is above the markets top 25% of dividend payers in Germany (3.91%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:MKM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Germany Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:MKM Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.06 3.00
2020-06-30 0.05 3.00
2019-06-30 0.04 3.00
DB:MKM Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-25 0.055 5.623
2018-08-27 0.065 6.221
2018-02-26 0.060 4.769
2017-08-28 0.090 4.923
2016-08-22 0.085 5.069
2015-09-30 0.145 15.267
2015-08-24 0.145 17.043
2014-09-01 0.150 15.976
2014-02-28 0.130 6.305
2013-09-27 0.110 4.431
2013-08-26 0.110 4.573
2013-02-21 0.090 4.112
2012-08-27 0.090 4.081
2012-02-20 0.070 3.092
2011-08-29 0.060 3.041
2011-02-21 0.060 2.478

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MACA has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • MACA has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of MACA's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess MACA's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can MACA afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MACA has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of MACA's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chris Tuckwell
COMPENSATION A$898,809
TENURE AS CEO 4.8 years
CEO Bio

Mr. Christopher Mark Tuckwell, also known as Chris, has been the Chief Executive Officer and Managing Director of MACA Limited since August 4, 2014. Mr. Tuckwell served as the Chief Operating Officer of Africa at Ausdrill Ltd. from August 1, 2012 to June 30, 2014. He served as the Chief Executive Officer and Managing Director of MACA Limited until July 25, 2012. He was the Chief Executive Officer of Maca Plant Pty Ltd. He served as the Chief Executive Officer of Mining & Civil Australia Pty Ltd for three years. Mr. Tuckwell is a qualified construction engineer who has spent his entire 28 years career within the mining industry. He has worked with both mining contractors and mining companies over his career. He served as Group Operations Manager of Ausdrill Limited. Prior to joining MACA, he spent the last 14 years working both onshore and offshore for Ausdrill Ltd and its subsidiary company African Mining Services and Henry Walker Eltin served as of General Manager, Country Manager and Project Manager. During this 14 year period, he spent 3 years working for Ausdrill Ltd., managing both Australian operations and overseas operations in Chile and Peru and was a shareholder representative for its JV company, African Mining Services, in Ghana and Tanzania. Mr. Tuckwel has also worked for Ausdrill International Ltd (1 year) in Jamaica and African Mining Services (9 years) in both Ghana, West Africa and Tanzania, East Africa. Mr. Tuckwell also worked for Henry Walker Eltin in Indonesia as a Country Manager. He has been a Director of MACA Limited since August 4, 2014. He served as a Director at MACA Limited from September 20, 2010 to July 25, 2012.

CEO Compensation
  • Chris's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Chris's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the MACA management team in years:

4.9
Average Tenure
  • The tenure for the MACA management team is about average.
Management Team

Chris Tuckwell

TITLE
CEO, MD & Director
COMPENSATION
A$899K
TENURE
4.8 yrs

Peter Gilford

TITLE
CFO & Company Secretary
COMPENSATION
A$494K
TENURE
4.9 yrs

Geoff Baker

TITLE
Operations Director & Executive Director
COMPENSATION
A$701K
TENURE
8.6 yrs

Tim Gooch

TITLE
General Manager of Mining
COMPENSATION
A$568K
TENURE
8 yrs

Mitch Wallace

TITLE
General Manager of Brazil Operations
COMPENSATION
A$594K
TENURE
8.6 yrs

David Greig

TITLE
General Manager of Business Development
COMPENSATION
A$483K
TENURE
2.9 yrs

Mark Davidovic

TITLE
General Manager of Civil & Infrastructure
COMPENSATION
A$507K
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure of the MACA board of directors in years:

5.8
Average Tenure
  • The tenure for the MACA board of directors is about average.
Board of Directors

Andrew Edwards

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$155K

Chris Tuckwell

TITLE
CEO, MD & Director
COMPENSATION
A$899K
TENURE
4.8 yrs

Geoff Baker

TITLE
Operations Director & Executive Director
COMPENSATION
A$701K
TENURE
8.6 yrs

Linton Kirk

TITLE
Independent Non-Executive Director
COMPENSATION
A$134K
TENURE
6.7 yrs

Robert Ryan

TITLE
Independent Non-Executive Director
COMPENSATION
A$115K
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
16. Apr 19 Buy Realindex Investments Pty Limited Company 28. Mar 18 26. Jun 18 1,917,760 €0.79 €1,512,536
16. Apr 19 Sell Colonial First State Asset Management (Australia) Limited Company 03. Apr 18 22. Jun 18 -156,077 €0.77 €-120,382
16. Apr 19 Buy Colonial First State Asset Management (Australia) Limited Company 27. Mar 18 25. Jun 18 1,418,422 €0.78 €1,112,380
11. Mar 19 Sell Dimensional Fund Advisors L.P. Company 09. Jan 19 14. Jan 19 -326,000 €0.58 €-189,993
11. Mar 19 Buy Dimensional Fund Advisors L.P. Company 13. Nov 18 08. Mar 19 433,340 €0.75 €258,159
05. Mar 19 Buy Robert Ryan Individual 27. Feb 19 27. Feb 19 10,000 €0.61 €6,084
01. Feb 19 Sell Perpetual Limited Company 30. Nov 18 30. Jan 19 -2,973,198 €0.63 €-1,713,085
03. Dec 18 Sell Perpetual Limited Company 23. Nov 18 29. Nov 18 -2,802,900 €0.58 €-1,614,365
26. Nov 18 Sell Perpetual Limited Company 20. Nov 18 22. Nov 18 -3,076,319 €0.61 €-1,839,686
22. Nov 18 Sell Schroder Investment Management Limited Company 10. Apr 18 22. Nov 18 -1,617,453 €0.61 €-988,093
22. Nov 18 Buy Schroder Investment Management Limited Company 10. Apr 18 22. Nov 18 9,817,501 €0.66 €6,490,610
21. Nov 18 Sell Perpetual Limited Company 16. Nov 18 19. Nov 18 -3,545,361 €0.61 €-2,066,462
21. Nov 18 Buy Linton Kirk Individual 19. Nov 18 19. Nov 18 25,000 €0.60 €14,974
19. Nov 18 Sell Perpetual Limited Company 29. Aug 18 30. Oct 18 -6,663,619 €0.68 €-4,502,715
19. Nov 18 Buy Perpetual Limited Company 11. Sep 18 15. Nov 18 1,616,134 €0.78 €1,263,425
16. Nov 18 Buy Christopher Tuckwell Individual 15. Nov 18 15. Nov 18 70,000 €0.58 €40,431
27. Jun 18 Buy Realindex Investments Pty Limited Company 28. Mar 18 26. Jun 18 1,917,760 €0.79 €1,512,536
29. Aug 18 Sell Perpetual Limited Company 22. Jun 18 22. Jun 18 -1,015,773 €0.72 €-732,408
29. Aug 18 Buy Perpetual Limited Company 25. May 18 27. Aug 18 3,704,015 €0.74 €2,740,036
27. Jun 18 Sell Colonial First State Asset Management (Australia) Limited Company 03. Apr 18 22. Jun 18 -156,077 €0.77 €-120,382
27. Jun 18 Buy Colonial First State Asset Management (Australia) Limited Company 27. Mar 18 25. Jun 18 1,418,422 €0.78 €1,112,380
X
Management checks
We assess MACA's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. MACA has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

MACA Limited engages in contract mining and crushing, civil construction, infrastructure, and mineral processing equipment business in Australia and Brazil. The company offers loading and hauling services; and drilling and blasting services, including production drilling and blasting for surface mining operations or quarries, pre-split drilling, contour drilling and pioneering, blast hole sample drilling, probe drilling, pre-split and final wall blasting, drill and blast design, blasting solutions for civil construction, and controlled blasting. It also provides crushing and screening services to deliver tailored screening and sizing solutions, as well as materials handling solutions. In addition, the company provides a range of civil infrastructure and maintenance services, including construct only, or design and construct in greenfields and urban brownfields environments for state and federal road authorities, local municipalities, and private organizations. Further, it engages in mineral processing equipment business, including the delivery of small to large scale structural, mechanical, and piping projects, process plant and equipment, and maintenance of, and consumables. MACA Limited was incorporated in 2002 and is headquartered in Welshpool, Australia.

Details
Name: MACA Limited
MKM
Exchange: DB
Founded: 2002
A$160,900,065
268,007,708
Website: http://www.maca.net.au
Address: MACA Limited
45 Division Street,
Welshpool,
Western Australia, 6106,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MLD Ordinary Shares Australian Securities Exchange AU AUD 03. Nov 2010
DB MKM Ordinary Shares Deutsche Boerse AG DE EUR 03. Nov 2010
CHIA MLD Ordinary Shares Chi-X Australia AU AUD 03. Nov 2010
Number of employees
Current staff
Staff numbers
2,200
MACA employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 21:55
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/02/26
Last earnings filing: 2019/02/24
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.