Mader Group Ltd (AU:MAD)
ASX:MAD
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Mader Group Ltd
(Sydney:MAD)
Select Model
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Rating:73Outperform
Price Target:
AU$8.50
â–²(4.68% 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
Consistent revenue and profit growth
Sustained top-line growth and positive margins reflect durable demand for outsourced maintenance services and effective cost control. Over 2-6 months this supports contract renewals, scale advantages in field operations and ability to secure multi-period project work, reinforcing recurring revenue.
Negative Factors
Cyclicality from mining sector exposure
Heavy dependency on mining activity creates structural revenue volatility: contract volumes, shutdown work and utilisation drop when commodity investment slows. Over months this can meaningfully reduce billable hours and margin absorption in a capital expenditure downcycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue and profit growth
Sustained top-line growth and positive margins reflect durable demand for outsourced maintenance services and effective cost control. Over 2-6 months this supports contract renewals, scale advantages in field operations and ability to secure multi-period project work, reinforcing recurring revenue.
Read all positive factors
Mader Group Ltd (MAD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.66B
Dividend Yield1.14%
Average Volume (3M)217.14K
Price to Earnings (P/E)26.6
Beta (1Y)1.00
Revenue Growth16.56%
EPS Growth17.03%
CountryAU
Employees3,200
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 Ratio3.11
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 Upside19.46% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.32
Revenue Forecast (FY)AU$1.01B
Mader Group Ltd Business Overview & Revenue Model
Company Description
Headquartered in Perth, Australia, Mader Group Limited, founded in 2005, operates as a contracting specialist delivering diverse technical services worldwide and across Australia. The company primarily caters to the mining, energy, and industrial ...
How the Company Makes Money
Mader Group makes money primarily by providing outsourced maintenance services and labour to resource and heavy industry clients. Revenue is earned through (1) labour-based service delivery, where Mader supplies skilled tradespeople and maintenanc...
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
Positive
8.12
Price Trends
7.99
Positive
8.04
Positive
8.12
Positive
Market Momentum
0.05
Positive
50.40
Neutral
27.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MAD, the sentiment is Positive. The current price of 8.12 is below the 20-day moving average (MA) of 8.23, above the 50-day MA of 7.99, and above the 200-day MA of 8.12, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 50.40 is Neutral, neither overbought nor oversold. The STOCH value of 27.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$1.70B | 20.48 | 29.68% | 5.51% | 7.67% | 5.03% | |
76 Outperform | AU$222.08M | 12.52 | 12.32% | 4.11% | 9.90% | 216.48% | |
75 Outperform | AU$1.07B | 15.11 | 10.55% | 10.58% | 8.13% | -9.10% | |
73 Outperform | AU$1.66B | 26.61 | 27.58% | 1.14% | 16.56% | 17.03% | |
72 Outperform | AU$25.07B | 18.79 | 28.67% | 2.69% | 5.29% | 15.50% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | AU$167.97M | 56.56 | 10.41% | 0.11% | 21.18% | -17.84% |
* Industrials Sector Average
AU:MAD
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Mader Group Ltd Corporate Events
Mader Showcases Global Scale and Service Reach at Investor Conference
Mar 17, 2026
Mader Group Ltd highlighted its scale and reach at the Euroz Hartleys Rottnest Conference, underscoring a unique business model built on mobile maintenance and support services for industrial clients worldwide. The company’s extensive workfo...
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.