MAAS Group Holdings Ltd. (MGH) AI Stock Analysis

• Market Cap: AU$1.59B
• Dividend Yield: 1.6%
• Average Volume (3M): 422.82K
• Price to Earnings (P/E): 21.0
• Beta (1Y): 1.03
• 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: 363,221,600
• 10 Day Avg. Volume: 250,129
• 30 Day Avg. Volume: 422,825
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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$5.07
• Price Target Upside: 16.02% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 69 Neutral
• Price Target: AU$5.00 ▲(14.42% Upside)

MAAS Group Holdings Ltd. demonstrates strong revenue growth and positive technical momentum, which are key strengths. However, challenges with profitability, cash flow management, and moderate valuation metrics slightly offset these positives. The stock shows potential but requires careful monitoring of financial stability and cash flow improvements.

MAAS Group Holdings Ltd. Business Overview & Revenue Model

Company Description

MAAS Group Holdings Ltd. (MGH) is a diversified industrial company based in Australia, operating across several sectors including construction materials, civil construction and hire, real estate, and manufacturing. The company is known for its extensive range of products and services which include the supply of construction materials, civil infrastructure services, residential and commercial property development, and the manufacture and rental of specialized equipment.

How the Company Makes Money

MAAS Group Holdings Ltd. generates revenue through multiple streams across its diversified operations. In the construction materials sector, the company earns money by supplying essential materials such as aggregates, concrete, and asphalt to various construction projects. The civil construction and hire segment contributes to the revenue by offering civil engineering services and the rental of construction equipment. In the real estate division, MGH generates income through the development and sale of residential and commercial properties. Additionally, the manufacturing segment provides revenue through the production and sale of specialized equipment and machinery. Strategic partnerships and a focus on high-growth markets further enhance its earnings potential.

MAAS Group Holdings Ltd. Financial Statement Overview

Summary

MAAS Group Holdings Ltd. shows strong revenue growth and a healthy gross profit margin, indicating robust demand and effective cost management. However, challenges include declining net profit margins and increased leverage, which could impact financial stability. Cash flow management is a concern, with negative free cash flow growth and reduced operating cash flow.

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: 4.37
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 4.37 is below the 20-day moving average (MA) of 4.39, above the 50-day MA of 4.23, and above the 200-day MA of 4.18, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 53.36 is Neutral, neither overbought nor oversold. The STOCH value of 8.83 is Positive, 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
SRG	73 Outperform	1.18B	24.75	12.10%	2.55%	23.76%	21.18%
SSM	70 Outperform	1.45B	24.22	11.55%	2.35%	1.65%	84.19%
MGH	69 Neutral	AU$1.59B	21.05	9.26%	1.60%	15.14%	-7.23%
MND	68 Neutral	2.13B	25.62	0.00%	3.36%	7.20%	32.60%
JLG	67 Neutral	1.12B	30.02	7.76%	1.82%	1.81%	-23.89%
NWH	64 Neutral	2.09B	75.91	4.54%	3.61%	12.18%	-73.81%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

MAAS Group Holdings Ltd. Corporate Events

MGH Responds to ICAC Investigation on Capital Asphalt

Maas Group Holdings (MGH) is addressing an ICAC investigation into alleged misconduct by Southern Pavement Services Pty Ltd, prior to MGH’s acquisition of a 75% shareholding in the Capital Asphalt business. MGH, committed to ethical practices, was unaware of these allegations at the time of purchase and plans to enforce its rights under the share sale agreement against the vendors.

The most recent analyst rating on (AU:MGH) stock is a Buy with a A$5.06 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.

Maas Group to Release Shares from Voluntary Escrow

Maas Group Holdings Limited announced the release of 365,987 shares from voluntary escrow on 4 July 2025, as part of the agreement for acquiring DPG Civil Pty Ltd and its subsidiaries. This move is a strategic step following the acquisition in May 2022, potentially impacting the company’s market operations and stakeholder interests.

The most recent analyst rating on (AU:MGH) stock is a Buy with a A$5.06 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.

MAAS Group Holdings Hosts Construction Materials Investor Day

MAAS Group Holdings Limited announced an investor presentation led by CEO Wes Maas and senior executives, focusing on construction materials. This event, part of an Investor Day and site tour, highlights MGH’s strategic initiatives in the construction sector, potentially impacting its market positioning and stakeholder engagement.

The most recent analyst rating on (AU:MGH) stock is a Buy with a A$5.06 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.

MAAS Group Holdings Ltd Updates Director’s Interest Notice

MAAS Group Holdings Ltd announced a change in the director’s interest, specifically regarding indirect interests held by Wesley Jon Maas through various trusts and entities. This update reflects the company’s commitment to transparency and regulatory compliance, potentially impacting stakeholders’ perceptions and the company’s governance practices.

The most recent analyst rating on (AU:MGH) stock is a Buy with a A$5.06 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.

Maas Group Announces Leadership Transition

Maas Group Holdings Ltd. announced that Ms. Tanya Gale will transition from her role as Executive Director of Corporate Development to a Non-Executive Director effective June 1, 2025. This move allows the company to retain her expertise on the Board while she steps back from daily executive duties, ensuring her continued contribution to strategic projects.

The most recent analyst rating on (AU:MGH) stock is a Buy with a A$5.06 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.

MAAS Group Holdings Ltd. Updates Director’s Interest Notice

MAAS Group Holdings Ltd. announced a change in the director’s interest notice, specifically involving Wesley Jon Maas. The change reflects the release of 600,000 securities from voluntary escrow, which alters the director’s relevant interest in these securities but does not signify a sale. This adjustment in shareholding is part of the company’s compliance with the Corporations Act, ensuring transparency and proper disclosure to stakeholders.

The most recent analyst rating on (AU:MGH) stock is a Buy with a A$5.06 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.

MAAS Group Holdings Updates on Market Buy-Back Program

MAAS Group Holdings Ltd. has announced an update regarding its ongoing on-market buy-back program. As of May 8, 2025, the company has repurchased a total of 1,642,271 ordinary fully paid securities, including 13,267 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value.

MAAS Group Reaffirms Guidance at Macquarie Conference

MAAS Group Holdings Limited, a prominent player in the Australian construction and real estate sectors, has reaffirmed its guidance in an investor presentation at the Macquarie Australia Conference. This announcement underscores the company’s stable outlook and commitment to maintaining its strategic direction, potentially reinforcing stakeholder confidence in its market position.

MAAS Group Holdings Ltd. Updates on Buy-Back Program

MAAS Group Holdings Ltd. has announced an update on its ongoing buy-back program, revealing that a total of 1,606,940 securities have been bought back before the previous day, with an additional 22,064 securities acquired on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure, potentially enhancing shareholder value and reinforcing its market position.

MAAS Group Holdings Ltd. Updates on Buy-Back Program

MAAS Group Holdings Ltd. has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the company has repurchased a total of 1,586,775 ordinary fully paid securities, with an additional 20,165 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.