Mader Group Ltd (MAD) AI Stock Analysis

• Market Cap: AU$1.58B
• Dividend Yield: 1.17%
• Average Volume (3M): 217.14K
• Price to Earnings (P/E): 27.4
• Beta (1Y): 0.78
• 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: 29.16% 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$9.50 ▲(26.50% 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

Revenue Growth

Consistent revenue growth indicates strong demand for services and effective market penetration, supporting long-term business sustainability.

Cash Generation

Strong cash generation enhances financial flexibility, enabling strategic investments and cushioning against economic downturns.

Balance Sheet Health

A low debt-to-equity ratio suggests financial stability and lower risk, providing a strong foundation for future growth.

Negative Factors

Valuation Concerns

High valuation may limit future upside potential and could deter new investors, impacting long-term stock performance.

Equity Financing Reliance

Moderate reliance on equity financing might dilute shareholder value and affect returns if not managed properly.

Profit Margin Pressure

Sustaining profit margins is crucial for profitability; any pressure could impact earnings and long-term financial health.

Mader Group Ltd Business Overview & Revenue Model

Company Description

Mader Group Ltd (MAD) is a leading provider of maintenance and support services for heavy equipment in the mining, construction, and forestry sectors. The company specializes in delivering high-quality repairs, maintenance solutions, and technical support for a wide range of machinery, ensuring optimal performance and longevity. With a strong presence in both domestic and international markets, Mader Group caters to various industries by offering tailored services that enhance operational efficiency and reduce downtime.

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: Negative
• Last Price: 7.51
• 50DMA: Negative
• 100DMA: Negative
• 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 Negative. The current price of 7.51 is below the 20-day moving average (MA) of 7.93, below the 50-day MA of 8.39, and above the 200-day MA of 7.18, indicating a neutral trend. The MACD of -0.24 indicates Positive momentum. The RSI at 32.04 is Neutral, neither overbought nor oversold. The STOCH value of 21.25 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SIQ	79 Outperform	$1.19B	14.38	31.30%	5.57%	11.64%	18.08%
CUP	76 Outperform	AU$180.99M	20.22	8.06%	4.11%	27.05%	520.93%
BXB	75 Outperform	$31.01B	23.64	26.28%	2.71%	3.11%	12.79%
MAD	73 Outperform	AU$1.58B	27.40	30.67%	1.17%	12.62%	12.46%
IPH	68 Neutral	AU$904.33M	13.42	10.32%	10.77%	16.61%	3.07%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
KPG	63 Neutral	AU$430.11M	125.00	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.

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.

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.

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.

Mader Group Announces Annual General Meeting for 2025

Mader Group Limited has announced its upcoming Annual General Meeting, scheduled for 31 October 2025. The meeting will take place at the company’s headquarters in Perth, and shareholders are encouraged to attend in person or submit proxy voting instructions by 29 October 2025. This announcement underscores Mader Group’s commitment to maintaining transparent communication with its stakeholders and ensuring active shareholder participation in its governance processes.

Mader Group Director Reduces Shareholding by $25.2 Million

Mader Group Ltd has announced a change in the director’s interest, with Craig Burton, a director of the company, reducing his indirect shareholding by disposing of 3,000,000 ordinary shares through an on-market trade. This transaction, valued at $25,200,000, results in Burton holding 33,018,000 ordinary shares. The change in shareholding could indicate strategic financial planning or portfolio adjustments by the director, potentially impacting stakeholders’ perceptions of the company’s future direction.

Mader Group CEO Adjusts Shareholding for Tax Obligations

Mader Group Limited announced a change in the director’s interest, as Executive Director and CEO Justin Nuich sold shares to meet personal tax obligations. Despite the sale, Mr. Nuich maintains a significant shareholding and remains committed to the company’s strategy and long-term growth, indicating stability and ongoing leadership within the company.

Mader Group Director Reduces Shareholding

Mader Group Ltd announced a change in the director’s interest, with Craig Burton, a director of the company, disposing of 1,000,000 ordinary shares through an on-market trade. This transaction, valued at $8,400,000, reduces Burton’s indirect shareholding in the company to 36,018,000 shares. This change in shareholding may have implications for the company’s stock market perception and stakeholder interests.