MAAS Group Holdings Ltd. (MGH) AI Stock Analysis

• Market Cap: AU$1.66B
• Dividend Yield: 1.55%
• Average Volume (3M): 517.76K
• Price to Earnings (P/E): 21.9
• Beta (1Y): 1.12
• Revenue Growth: 15.14%
• EPS Growth: -7.23%
• Country: AU
• Employees: 1,800
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.13
• Shares Outstanding: 363,795,230
• 10 Day Avg. Volume: 351,659
• 30 Day Avg. Volume: 517,758
• PEG Ratio: -4.48
• Price to Book (P/B): 1.67
• Price to Sales (P/S): 1.42
• P/FCF Ratio: 45.54
• 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$5.30
• Price Target Upside: 17.26% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: AU$4.50 ▼(-0.44% Downside)

The overall stock score of 56 reflects strong revenue growth and a healthy gross profit margin, offset by bearish technical indicators and moderate valuation. The company's increasing leverage and negative cash flow growth are significant concerns that need addressing to improve financial stability and investor confidence.

Positive Factors

Revenue Growth

The company's strong revenue growth indicates robust demand and effective market expansion, supporting long-term business sustainability.

Market Position

Strategic partnerships strengthen market position, enabling collaborative projects and resource sharing, which can drive sustained growth.

Gross Profit Margin

A healthy gross profit margin reflects effective cost management, which supports profitability and competitive advantage over time.

Negative Factors

Increasing Leverage

Rising leverage can pose financial risks and limit flexibility, potentially impacting the company's long-term financial stability.

Negative Cash Flow Growth

Negative cash flow growth can strain liquidity and hinder the company's ability to invest in growth opportunities, affecting future prospects.

Declining Net Profit Margin

A declining net profit margin may indicate rising expenses or competitive pressures, potentially affecting long-term profitability.

MAAS Group Holdings Ltd. Business Overview & Revenue Model

Company Description

MAAS Group Holdings Ltd. (MGH) is an Australian diversified infrastructure and resource company that operates across several sectors, including construction, civil engineering, and mining. The company focuses on providing a range of services such as project management, asset management, and engineering solutions, while also engaging in the exploration and production of mineral resources. MGH's core products and services include construction solutions for infrastructure projects, mining operations, and the development of renewable energy assets.

How the Company Makes Money

MAAS Group Holdings generates revenue through a variety of channels, primarily by undertaking large-scale infrastructure projects and civil engineering contracts, which provide a steady income stream. The company also benefits from its mining operations, where revenue is derived from the extraction and sale of minerals, including aggregates and other materials used in construction. Key revenue streams include contracts with government and private sector clients for infrastructure development, as well as royalties and sales from mining activities. Strategic partnerships with other firms in the construction and mining sectors further enhance MGH's market position and revenue potential, allowing for collaborative projects and shared resources.

MAAS Group Holdings Ltd. Financial Statement Overview

Summary

MAAS Group Holdings Ltd. shows strong revenue growth and a healthy gross profit margin, indicating a solid market position. However, challenges with declining net profit margins, increasing leverage, and negative free cash flow growth pose risks to financial stability.

Income Statement

MAAS Group Holdings Ltd. has demonstrated strong revenue growth with a 13.77% increase in the latest year, indicating robust demand and market expansion. The gross profit margin is healthy at approximately 52.2%, suggesting effective cost management. However, the net profit margin has slightly decreased to 6.98%, which may indicate rising expenses or competitive pressures affecting profitability. Overall, the company shows solid growth potential but needs to address profitability challenges.

Balance Sheet

The company's debt-to-equity ratio has increased to 0.91, reflecting higher leverage which could pose financial risks if not managed properly. The return on equity stands at 8.21%, indicating moderate efficiency in generating returns from shareholders' equity. The equity ratio is 43.96%, showing a balanced capital structure. While the balance sheet is stable, the rising debt levels warrant caution.

Cash Flow

Operating cash flow has decreased significantly, impacting the company's ability to generate cash from operations. The free cash flow growth rate is negative, indicating challenges in maintaining cash reserves. The operating cash flow to net income ratio is 0.94, suggesting that cash generation is not keeping pace with accounting profits. The cash flow situation requires improvement to ensure liquidity and financial flexibility.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.04B	1.03B	895.06M	789.32M	509.89M	273.12M
Gross Profit	372.43M	538.08M	484.87M	192.08M	255.55M	138.86M
EBITDA	193.74M	207.75M	200.04M	159.46M	124.56M	70.44M
Net Income	71.96M	71.96M	72.96M	65.90M	61.56M	34.57M
Balance Sheet
Total Assets	1.99B	1.99B	1.59B	1.44B	946.93M	489.21M
Cash, Cash Equivalents and Short-Term Investments	102.77M	102.77M	85.48M	69.37M	52.45M	19.76M
Total Debt	801.16M	801.16M	626.08M	545.21M	329.49M	156.89M
Total Liabilities	1.10B	1.10B	905.73M	814.55M	490.98M	234.81M
Stockholders Equity	876.19M	876.19M	678.63M	626.88M	455.95M	254.40M
Cash Flow
Free Cash Flow	34.71M	32.20M	56.49M	-79.70M	-51.65M	5.96M
Operating Cash Flow	67.83M	67.83M	113.38M	2.56M	7.45M	44.28M
Investing Cash Flow	-288.70M	-288.70M	-114.03M	-267.60M	-210.43M	-69.61M
Financing Cash Flow	238.15M	238.15M	16.77M	281.95M	237.43M	30.88M

MAAS Group Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.52
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MGH, the sentiment is Positive. The current price of 4.52 is above the 20-day moving average (MA) of 4.38, above the 50-day MA of 4.50, and above the 200-day MA of 4.17, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 54.94 is Neutral, neither overbought nor oversold. The STOCH value of 83.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MGH.

MAAS Group Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SSM	70 Outperform	€1.34B	22.46	12.08%	2.50%	1.65%	84.19%
JLG	67 Neutral	AU$1.14B	30.25	7.98%	1.80%	1.81%	-23.89%
SRG	66 Neutral	AU$1.81B	35.95	13.62%	1.90%	23.76%	21.18%
MND	65 Neutral	€2.26B	26.81	17.57%	2.77%	7.20%	32.60%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
MGH	56 Neutral	AU$1.66B	21.91	9.26%	1.55%	15.14%	-7.23%
NWH	56 Neutral	€2.17B	77.89	4.71%	3.05%	12.18%	-73.81%

MAAS Group Holdings Ltd. Corporate Events

MGH Expands with Austek Acquisition

Maas Group Holdings Limited (MGH) has issued 573,631 fully paid ordinary shares as part of the consideration for acquiring a 75% share in the Austek group of companies. This issuance is part of a strategic move to expand MGH’s market presence and capabilities, reflecting its commitment to growth and diversification in its operational sectors.

MAAS Group Holdings Ltd. Announces Quotation of New Securities

MAAS Group Holdings Ltd. announced the application for quotation of 573,631 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction, indicating the company’s ongoing efforts to enhance its market presence and operational capabilities. The issuance of these securities could potentially impact the company’s financial strategy and offer new opportunities for stakeholders.

MAAS Group Holdings AGM 2025: Resolutions Passed with Strong Support

MAAS Group Holdings Limited recently held its Annual General Meeting (AGM) for 2025, where all proposed resolutions were passed by poll. Key resolutions included the adoption of the remuneration report and the re-election of non-executive directors, Stephen Bizzell and Tanya Gale. The approval of performance rights for Wes Maas under the long-term incentive plan was also confirmed. These outcomes reflect strong shareholder support and are likely to influence the company’s strategic direction and governance positively.

MAAS Group Holdings Ltd. Announces FY25 Results

MAAS Group Holdings Ltd. has announced its FY25 results, highlighting the leadership team with key figures such as CEO Wes Maas and Independent Non-Executive Chairman Stephen Bizzell. The release underscores the company’s strategic direction and potential implications for stakeholders, reflecting its commitment to growth and market positioning.

Maas Group Holdings Reports Record FY25 EBITDA and Strategic Expansion

Maas Group Holdings Ltd. reported a record Underlying EBITDA of $219.4 million for FY25, highlighting successful strategic focus and capital allocation. The company expanded its Construction Materials division through acquisitions, enhancing its integrated offerings and maintaining a strong balance sheet. Despite challenges in the Civil Construction and Hire division, the diversified model mitigated impacts. The company also emphasized sustainability, reporting Scope 1 and Scope 2 emissions data for the first time, and is optimistic about future market conditions, with positive momentum in construction materials and residential real estate.

Maas Group Holdings Ltd. Reports Strong FY25 Performance and Strategic Growth

Maas Group Holdings Ltd. reported a strong financial performance for FY25, with a 6% increase in underlying EBITDA to $219.4 million despite challenges such as project delays and weather disruptions. The company successfully raised $150 million in equity funding, which was used to acquire construction materials businesses, enhancing its market presence. The company is focused on sustainable growth and capital management, including capital recycling and strategic acquisitions, to maximize shareholder value and ensure long-term success.

MAAS Group Accelerates Capital Recycling in Commercial Property Development

MAAS Group Holdings has announced a strategic move to accelerate its capital recycling program within its Commercial Property Development business. This involves a significant sell-down of commercial development sites, aiming to free up over $200 million in capital by FY26. The initiative is designed to reduce capital employed in this segment and explore capital-lite operating models, allowing the company to reallocate resources towards areas with stronger long-term growth and returns.

Maas Group Holdings Ltd. Announces 2025 Annual General Meeting

Maas Group Holdings Ltd. has announced its 2025 Annual General Meeting, which will be held as a hybrid event on October 22, 2025. Shareholders can attend either in person in Brisbane or online. The meeting will cover various resolutions, including the adoption of the remuneration report and the re-election of directors. Shareholders are encouraged to submit their voting instructions by October 20, 2025. The meeting will be conducted by poll, and the board recommends voting in favor of all resolutions.