Mader Group Ltd (AU:MAD)
ASX:MAD
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Mader Group Ltd
(Sydney:MAD)
Select Model
Select Model
Rating:73Outperform
Price Target:
AU$8.50
â–˛(10.97% Upside)
Action:UpgradedDate: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 cash generation
Sustained high free cash flow growth and strong operating cash conversion provide durable funding for reinvestment, working capital and opportunistic M&A. This cash strength reduces reliance on external financing and supports resilience across multi-month cycles in asset services.
Negative Factors
Mining cyclicality exposure
Revenue and utilization are closely tied to mining activity and capital maintenance cycles. Prolonged commodity downturns or reduced mining capex can structurally lower demand for maintenance services, pressuring billable hours and long-term revenue visibility over months to years.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Sustained high free cash flow growth and strong operating cash conversion provide durable funding for reinvestment, working capital and opportunistic M&A. This cash strength reduces reliance on external financing and supports resilience across multi-month cycles in asset services.
Read all positive factors
Mader Group Ltd (MAD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.56B
Dividend Yield1.14%
Average Volume (3M)217.14K
Price to Earnings (P/E)12.7
Beta (1Y)1.10
Revenue Growth12.62%
EPS Growth12.46%
CountryAU
Employees3,200
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)0.14
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$9.66Price Target Upside26.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.32
Revenue Forecast (FY)AU$1.01B
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...
How the Company Makes Money
Mader Group makes money by providing outsourced maintenance labour and maintenance services to asset-intensive customers, primarily in mining. Revenue is generated mainly from: (1) labour-based field services, where Mader supplies skilled technici...
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
Neutral
7.66
Price Trends
8.12
Negative
8.03
Negative
7.88
Negative
Market Momentum
-0.22
Positive
46.98
Neutral
53.78
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 7.66 is below the 20-day moving average (MA) of 7.79, below the 50-day MA of 8.12, and below the 200-day MA of 7.88, indicating a bearish trend. The MACD of -0.22 indicates Positive momentum. The RSI at 46.98 is Neutral, neither overbought nor oversold. The STOCH value of 53.78 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$191.79M | 5.06 | 12.32% | 4.11% | 27.05% | 520.93% | |
75 Outperform | AU$1.09B | 14.94 | 31.30% | 5.51% | 11.64% | 18.08% | |
75 Outperform | AU$845.20M | 5.57 | 10.55% | 10.58% | 16.61% | 3.07% | |
74 Outperform | AU$30.05B | 10.05 | 28.67% | 2.69% | 3.11% | 12.79% | |
73 Outperform | AU$1.56B | 12.68 | 27.58% | 1.14% | 12.62% | 12.46% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | AU$221.85M | 43.95 | 10.41% | 0.11% | 24.47% | 21.28% |
* Industrials Sector Average
AU:MAD
Mader Group Ltd
7.66
1.54
25.16%
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IPH Ltd.
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-23.49%
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...
Mader Group Director Adjusts Shareholding in Routine On‑Market Trade
Mar 13, 2026
Mader Group Ltd has disclosed a change in director Patrick Conway’s interests in the company’s fully paid ordinary shares, following an on-market trade and an internal change of trustee for the H A Trust. Conway disposed of 13,824 sha...
Mader Director Increases Indirect Shareholding via On-Market Purchase
Mar 13, 2026
Mader Group Ltd has disclosed a change in the holdings of director Justin Nuich, who has increased his indirect interest in the company through an on-market share purchase. Nuich acquired 4,100 fully paid ordinary shares for a total of $30,217, li...
Mader Group Posts 1H FY26 Results Webcast for Investors
Feb 24, 2026
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 soluti...
Mader Group Highlights Global Scale and Diversified Industrial Services Network
Feb 23, 2026
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 servic...
Mader Group lifts profit and revenue but scraps interim dividend
Feb 23, 2026
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% t...
Mader Group Sets Date for 1H FY26 Results and Investor Briefing
Feb 9, 2026
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 b...
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.