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Mader Group Ltd
(Sydney:MAD)
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Rating:73Outperform
Price Target:
AU$8.00
▲(9.14% Upside)
Action:Upgraded
Date: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
Strong free cash flow generation
Robust free cash flow growth and high operating cash conversion provide durable funding for reinvestment, maintenance of service capacity, and debt coverage. This strengthens resilience across cycles and supports capital allocation choices over the next several quarters.
Negative Factors
Modest net profitability buffer
A mid-single-digit net margin leaves limited headroom to absorb rising labour, parts or fuel costs common in maintenance services. Over several months, margin compression from cost inflation or contract rate pressure could materially reduce free cash flow and reinvestment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Robust free cash flow growth and high operating cash conversion provide durable funding for reinvestment, maintenance of service capacity, and debt coverage. This strengthens resilience across cycles and supports capital allocation choices over the next several quarters.
Read all positive factors
Mader Group Ltd (MAD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.42B
Dividend Yield1.29%
Average Volume (3M)217.14K
Price to Earnings (P/E)22.7
Beta (1Y)1.05
Revenue Growth16.56%
EPS Growth17.03%
CountryAU
Employees3,900
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)0.30
Shares Outstanding203,461,730
10 Day Avg. Volume70,625
30 Day Avg. Volume217,142
Financial Highlights & Ratios
PEG Ratio3.12
Price to Book (P/B)6.69
Price to Sales (P/S)1.63
P/FCF Ratio33.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$9.70Price Target Upside32.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.38
Revenue Forecast (FY)AU$1.14B
Mader Group Ltd Business Overview & Revenue Model
Company Description
Mader Group Limited, a contracting company, provides specialist technical services in the mining, energy, and industrial sectors in Australia, North America, and internationally. The company offers fabrication and line boring; electrical services;...
How the Company Makes Money
Mader Group makes money by selling outsourced maintenance and repair services for heavy equipment to fleet owners and operators, with revenue primarily generated from contracted labour and service delivery. Key revenue streams include: (1) Field s...
Mader Group Ltd Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
80
Positive
| 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
Negative
7.33
Price Trends
7.70
Negative
7.81
Negative
7.94
Negative
Market Momentum
-0.18
Positive
35.15
Neutral
24.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MAD, the sentiment is Negative. The current price of 7.33 is above the 20-day moving average (MA) of 7.25, below the 50-day MA of 7.70, and below the 200-day MA of 7.94, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 35.15 is Neutral, neither overbought nor oversold. The STOCH value of 24.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MAD.
Mader Group Ltd Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | AU$1.85B | 21.77 | 29.68% | 3.82% | 7.67% | 5.03% | |
73 Outperform | AU$1.42B | 22.70 | 27.58% | 1.20% | 16.56% | 17.03% | |
72 Outperform | AU$26.57B | 20.30 | 28.67% | 3.41% | 5.29% | 15.50% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
AU:MAD
Mader Group Ltd
6.82
-1.00
-12.79%
AU:BXB
Brambles
19.63
-2.81
-12.54%
AU:SIQ
Smartgroup Corporation Ltd
13.25
5.59
72.89%
Mader Group Ltd Corporate Events
Mader discloses director’s interest change after spouse’s share-backed loan
Jul 1, 2026
Mader Group has disclosed a change in director Justin Nuich’s relevant interests following a share-backed loan arrangement entered into by his spouse, Candice Nuich, with Equities First Holdings. Under the facility, she transferred 1,000,000...
Mader Group Shifts Registered Office to New Perth Address
Jun 30, 2026
Mader Group Limited has updated its registered office and principal place of business to 1 Sleat Road, Applecross, Western Australia, effective 30 June 2026. The company noted that all other corporate and operational details remain unchanged, sign...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.