Mader Group Ltd (MAD) AI Stock Analysis

• Market Cap: AU$1.74B
• Dividend Yield: 1.14%
• Average Volume (3M): 217.14K
• Price to Earnings (P/E): 27.4
• Beta (1Y): 0.95
• Revenue Growth: 12.62%
• EPS Growth: 12.46%
• Country: AU
• Employees: 3,200
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): 0.14
• Shares Outstanding: 203,461,730
• 10 Day Avg. Volume: 70,625
• 30 Day Avg. Volume: 217,142
• PEG Ratio: 3.11
• Price to Book (P/B): 6.69
• Price to Sales (P/S): 1.63
• P/FCF Ratio: 33.28
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$9.66
• Price Target Upside: 15.97% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 0.33
• Revenue Forecast (FY): AU$1.01B

• Rating: 73 Outperform
• Price Target: AU$8.50 ▲(2.04% Upside)
• Action: Upgraded Date: 11/04/25
• Date: Action: Upgraded 11/04/25

Mader Group Ltd's strong financial performance is the most significant factor, supported by consistent revenue and profit growth, a stable balance sheet, and robust cash flow generation. However, the technical analysis presents a cautious outlook, and the valuation appears stretched, which could limit future upside potential.

Positive Factors

Consistent Revenue & EPS Growth

Double-digit revenue and EPS growth indicate durable demand and effective operational scaling. Over 2–6 months this underpins recurring service-contract expansion, strengthens negotiating power on pricing, and provides a structural base for reinvestment and margin improvement.

Strong Cash Generation

Robust free cash flow growth and solid OCF conversion reflect durable cash-generating operations. This supports sustained capital expenditure, working-capital needs, dividend capacity or bolt-on acquisitions without over-reliance on external funding, aiding long-term strategic flexibility.

Prudent Leverage with High ROE

Very low leverage combined with a high ROE signals efficient capital allocation and financial resilience. The conservative balance sheet reduces refinancing and interest-rate risk while allowing management to fund operations and pursue opportunities without jeopardizing solvency over the medium term.

Negative Factors

Industry Concentration Risk

Heavy exposure to mining, construction and forestry makes revenues sensitive to commodity and capex cycles. Structural cyclical demand can materially affect contract volumes and utilization over multi-quarter periods, creating persistent variability in top-line stability and planning.

Modest Profit Margins

Relatively low net margins limit the firm's ability to absorb rising input or labor costs and compresses retained earnings for reinvestment. Over time this reduces cushion against shocks and constrains accelerated investments in growth initiatives versus higher-margin peers.

Moderate Reliance on Equity Financing

A higher equity ratio implies less use of low-cost debt, which can limit capital efficiency and return enhancement from leverage. If organic cash growth slows, the company may need dilutive equity raises or concede slower growth, affecting long-term return on invested capital.

Mader Group Ltd Business Overview & Revenue Model

Company Description

Mader Group Limited, a contracting company, provides specialized technical services in the mining, energy, and industrial sectors in Australia and internationally. It offers rail services, digger and drill support team, fabrication and line boring, non-processing and processing infrastructure, power generation and marine, field support, professional support roles, maintenance projects, electrical services, component exchange, rapid response teams, rostered support, HME shutdown teams, specialized tool hire, clean team, trade upgrade program, training national workforces, and maintenance centre services. The company also provides in-field technical support, major overhauls and repairs, preventative equipment maintenance, training of maintenance teams, and ancillary services. Mader Group Limited was founded in 2005 and is headquartered in Perth, Australia.

How the Company Makes Money

Mader Group generates revenue primarily through its maintenance and support services for heavy equipment, which includes on-site repairs, technical consultations, and machinery overhauls. The company's revenue model is largely based on service contracts with clients in the mining, construction, and forestry industries, providing a steady income stream. Additionally, Mader Group benefits from strategic partnerships with equipment manufacturers and suppliers, allowing them to offer specialized services and access a broader client base. This enhances their ability to secure long-term contracts and expand their market presence, contributing significantly to overall earnings.

Mader Group Ltd Financial Statement Overview

Summary

Mader Group Ltd exhibits strong financial performance with consistent revenue and profit growth. The income statement shows healthy profit margins, and the balance sheet reflects a stable financial position with low leverage. The cash flow statement indicates robust cash generation and growth, positioning the company well for continued success.

Income Statement

Mader Group Ltd has demonstrated consistent revenue growth over the years, with a notable 7.47% increase in the most recent period. The company maintains healthy profit margins, with a gross profit margin of 19.27% and a net profit margin of 6.55%. The EBIT and EBITDA margins are also stable, indicating efficient operational management. Overall, the income statement reflects strong growth and profitability.

Balance Sheet

The balance sheet shows a solid financial position with a low debt-to-equity ratio of 0.19, indicating prudent financial leverage. The return on equity is strong at 26.92%, reflecting effective use of shareholder funds. However, the equity ratio of 61.16% suggests a moderate reliance on equity financing. Overall, the balance sheet is stable with a good balance of debt and equity.

Cash Flow

The cash flow statement highlights a robust free cash flow growth rate of 40.65%, indicating strong cash generation capabilities. The operating cash flow to net income ratio of 0.73 suggests efficient cash conversion from earnings. The free cash flow to net income ratio of 0.56 further supports the company's ability to generate cash relative to its net income. Overall, the cash flow position is strong with positive growth trends.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	945.90M	872.20M	774.47M	608.79M	402.08M	304.30M
Gross Profit	184.01M	168.05M	161.99M	135.85M	78.58M	58.38M
EBITDA	113.01M	109.53M	99.23M	75.09M	50.88M	35.73M
Net Income	61.62M	57.15M	50.42M	38.51M	27.95M	19.34M
Balance Sheet
Total Assets	350.75M	346.99M	337.94M	252.70M	175.08M	122.51M
Cash, Cash Equivalents and Short-Term Investments	17.17M	24.26M	30.12M	13.01M	6.65M	3.21M
Total Debt	36.25M	39.33M	69.71M	64.40M	41.56M	30.84M
Total Liabilities	116.23M	134.68M	177.62M	133.05M	90.10M	61.84M
Stockholders Equity	234.52M	212.31M	160.33M	119.64M	84.98M	60.67M
Cash Flow
Free Cash Flow	40.66M	42.66M	28.06M	-6.45M	-4.07M	4.92M
Operating Cash Flow	70.60M	76.79M	68.72M	41.09M	35.39M	16.16M
Investing Cash Flow	-29.94M	-34.13M	-40.66M	-47.29M	-31.01M	-14.77M
Financing Cash Flow	-44.08M	-48.70M	-10.63M	12.31M	-1.39M	-4.31M

Mader Group Ltd Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 8.33
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MAD, the sentiment is Neutral. The current price of 8.33 is below the 20-day moving average (MA) of 8.41, above the 50-day MA of 8.03, and above the 200-day MA of 7.71, indicating a neutral trend. The MACD of 0.09 indicates Positive momentum. The RSI at 50.14 is Neutral, neither overbought nor oversold. The STOCH value of 55.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:MAD.

Mader Group Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CUP	76 Outperform	AU$191.88M	13.25	8.06%	4.11%	27.05%	520.93%
BXB	75 Outperform	AU$34.31B	23.87	26.28%	2.69%	3.11%	12.79%
SIQ	75 Outperform	AU$1.23B	14.41	31.30%	5.51%	11.64%	18.08%
IPH	75 Outperform	AU$933.00M	12.99	10.32%	10.58%	16.61%	3.07%
MAD	73 Outperform	AU$1.74B	27.37	30.67%	1.14%	12.62%	12.46%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
KPG	59 Neutral	AU$260.33M	90.57	13.37%	0.11%	24.47%	21.28%

Mader Group Ltd Corporate Events

Mader Group Posts 1H FY26 Results Webcast for Investors

Mader Group Limited, a global specialist technical services provider, connects a large international customer base to an in-house workforce of around 4,000 employees via a flexible labour market platform, delivering tailored, cost-effective solutions. The company has cemented its market standing through multiple accolades, including major honours at the 2025 WA Business Awards that highlight its performance and employer brand.

The company has released a webcast recording of its 1H FY26 financial results briefing, where its CEO and CFO presented results for the half year ended 31 December 2025. Making the investor briefing available online broadens access for shareholders and market participants, supporting transparency around Mader’s recent financial performance and potentially aiding informed investment decisions.

The most recent analyst rating on (AU:MAD) stock is a Buy with a A$8.50 price target. To see the full list of analyst forecasts on Mader Group Ltd stock, see the AU:MAD Stock Forecast page.

Mader Group Highlights Global Scale and Diversified Industrial Services Network

Mader Group Limited has highlighted its extensive global operating footprint in its 1H FY26 disclosure, emphasizing a workforce of over 4,100 skilled employees, a fleet of more than 1,900 service vehicles, and operations across 10 countries servicing upwards of 490 customers. The business underscores its diversified exposure to key industrial segments, including energy, transport, logistics, heavy mobile equipment, power generation, marine, and fixed infrastructure, positioning the group as a broad-based maintenance and support provider to asset-intensive industries worldwide.

The most recent analyst rating on (AU:MAD) stock is a Buy with a A$8.50 price target. To see the full list of analyst forecasts on Mader Group Ltd stock, see the AU:MAD Stock Forecast page.

Mader Group lifts profit and revenue but scraps interim dividend

Mader Group Limited reported solid growth for the half year ended 31 December 2025, with revenue from ordinary activities rising 18% to $485.2 million compared with the prior corresponding period. Net profit attributable to members increased 17% to $30.5 million, while basic earnings per share climbed 16% to 15.02 cents and net tangible assets per share rose 17% to 104.65 cents.

Despite the stronger earnings and asset base, the board did not declare an interim dividend for the current period, in contrast to the 4.0 cents per share interim dividend paid a year earlier. The absence of a dividend and lack of a dividend reinvestment plan suggest the company may be prioritising reinvestment of cash flows into operations or growth initiatives, a move that could affect income-focused shareholders but potentially support longer-term expansion in its maintenance services business.

The most recent analyst rating on (AU:MAD) stock is a Buy with a A$8.50 price target. To see the full list of analyst forecasts on Mader Group Ltd stock, see the AU:MAD Stock Forecast page.

Mader Group Sets Date for 1H FY26 Results and Investor Briefing

Mader Group Limited, a global specialist technical services provider, operates a large-scale labour platform that connects hundreds of customers with a 4,000-strong skilled workforce on flexible and cost-effective terms. The company has recently been recognised for its operational and employer excellence with major accolades at the 2025 WA Business Awards.

Mader Group announced it will release its half-year financial results for the six months to 31 December 2025 on 24 February 2026, accompanied by an investor briefing hosted by its CEO and CFO. The webcast presentation, which will include a Q&A session and later be accessible via the company’s website, signals ongoing engagement with investors ahead of detailing the company’s 1H FY26 performance.

The most recent analyst rating on (AU:MAD) stock is a Buy with a A$8.50 price target. To see the full list of analyst forecasts on Mader Group Ltd stock, see the AU:MAD Stock Forecast page.