Mader Group Ltd (MAD) AI Stock Analysis

• Market Cap: AU$1.67B
• Dividend Yield: 1.14%
• Average Volume (3M): 217.14K
• Price to Earnings (P/E): 28.9
• Beta (1Y): 0.84
• Revenue Growth: 12.62%
• EPS Growth: 12.46%
• Country: AU
• Employees: 3,200
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): 0.15
• 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$9.70
• Price Target Upside: 18.15% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: AU$8.50 ▲(3.53% Upside)

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	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	811.54M	872.20M	774.47M	608.79M	402.08M	304.30M
Gross Profit	155.10M	168.05M	161.99M	135.85M	78.58M	58.38M
EBITDA	100.61M	109.53M	99.23M	75.09M	50.88M	35.73M
Net Income	52.18M	57.15M	50.42M	38.51M	27.95M	19.34M
Balance Sheet
Total Assets	339.82M	346.99M	337.94M	252.70M	175.08M	122.51M
Cash, Cash Equivalents and Short-Term Investments	21.78M	24.26M	30.12M	13.01M	6.65M	3.21M
Total Debt	52.83M	39.33M	69.71M	64.40M	41.56M	30.84M
Total Liabilities	148.13M	134.68M	177.62M	133.05M	90.10M	61.84M
Stockholders Equity	191.68M	212.31M	160.33M	119.64M	84.98M	60.67M
Cash Flow
Free Cash Flow	30.33M	42.66M	28.06M	-6.45M	-4.07M	4.92M
Operating Cash Flow	70.78M	76.79M	68.72M	41.09M	35.39M	16.16M
Investing Cash Flow	-40.45M	-34.13M	-40.66M	-47.29M	-31.01M	-14.77M
Financing Cash Flow	-32.25M	-48.70M	-10.63M	12.31M	-1.39M	-4.31M

Mader Group Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.21
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 Positive. The current price of 8.21 is above the 20-day moving average (MA) of 7.90, above the 50-day MA of 7.84, and above the 200-day MA of 7.49, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 55.73 is Neutral, neither overbought nor oversold. The STOCH value of 42.38 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SIQ	79 Outperform	AU$1.14B	13.77	31.30%	5.51%	11.64%	18.08%
CUP	76 Outperform	AU$189.37M	21.16	8.06%	4.11%	27.05%	520.93%
BXB	75 Outperform	AU$30.42B	23.21	26.28%	2.69%	3.11%	12.79%
MAD	73 Outperform	AU$1.67B	28.95	30.67%	1.14%	12.62%	12.46%
IPH	68 Neutral	AU$974.70M	14.47	10.32%	10.58%	16.61%	3.07%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
KPG	60 Neutral	AU$301.08M	87.50	13.37%	0.11%	24.47%	21.28%

Mader Group Ltd Corporate Events

Mader Group Limited Announces AGM Results with Key Resolutions Passed

Mader Group Limited announced the results of its Annual General Meeting held on 31 October 2025, where key resolutions were passed. The adoption of the Remuneration Report and the re-election of Director Luke Mader were both approved by a significant majority. These resolutions reflect the company’s ongoing commitment to strong governance and leadership continuity, which are crucial for maintaining its competitive position in the industry.

The most recent analyst rating on (AU:MAD) stock is a Hold with a A$9.00 price target. To see the full list of analyst forecasts on Mader Group Ltd stock, see the AU:MAD Stock Forecast page.

Mader Group Ltd Highlights Global Reach and Industry Involvement at AGM

Mader Group Ltd has announced its annual general meeting, highlighting its extensive global operations and workforce. The company’s wide network and diverse industry involvement underscore its strong market positioning and commitment to supporting a broad customer base, which is crucial for stakeholders and future growth.

The most recent analyst rating on (AU:MAD) stock is a Hold with a A$9.00 price target. To see the full list of analyst forecasts on Mader Group Ltd stock, see the AU:MAD Stock Forecast page.

Mader Group Marks 20 Years with Record Financial Performance

Mader Group Ltd celebrated its 20th anniversary and reported record financial results for FY25, with revenue reaching $872.2 million and net profit after tax (NPAT) at $57.1 million, surpassing its guidance targets. The company has successfully navigated unexpected challenges, strengthened its balance sheet by reducing net debt by 73%, and continues to focus on safety and employee culture, positioning itself strongly for future growth.

The most recent analyst rating on (AU:MAD) stock is a Hold with a A$9.00 price target. To see the full list of analyst forecasts on Mader Group Ltd stock, see the AU:MAD Stock Forecast page.

Mader Group Marks 20 Years of Growth with Strategic Expansion Plans

Mader Group Limited celebrated its 20th consecutive year of growth at its 2025 Annual General Meeting, emphasizing its commitment to creating an exceptional work environment and rewarding its workforce. The company plans to expand into infrastructure, transport, port, rail, and energy sectors while maintaining its core maintenance services, aiming to build a diversified service business. This strategic expansion is expected to enhance Mader’s industry positioning and deliver lasting value to stakeholders.

The most recent analyst rating on (AU:MAD) stock is a Hold with a A$9.00 price target. To see the full list of analyst forecasts on Mader Group Ltd stock, see the AU:MAD Stock Forecast page.