MAAS Group Holdings Ltd. (AU:MGH)
ASX:MGH
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MAAS Group Holdings Ltd.
(Sydney:MGH)
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Rating:66Neutral
Price Target:
AU$6.00
▲(25.79% Upside)
Action:Reiterated
Date:03/26/26
The score is primarily driven by solid top-line growth and healthy gross profitability, offset by weaker cash flow trends and higher leverage. Valuation is supportive (P/E ~13 with a ~1.5% yield), while technicals are mixed-to-soft with the price below key short- and mid-term moving averages.
Positive Factors
Revenue Growth
Consistent double-digit top-line growth signals durable demand for MGH’s projects and services, supporting a deeper project pipeline and recurring contracting work. Over 2–6 months this underpins cash generation potential and capacity to scale operations and reinvest in growth.
Negative Factors
Weakened operating cash flow
Declining operating cash flow constrains liquidity and the firm’s ability to fund working capital-heavy projects without external financing. Over several months this limits flexibility to absorb project delays, bid competitively on new contracts or self-fund development completions.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent double-digit top-line growth signals durable demand for MGH’s projects and services, supporting a deeper project pipeline and recurring contracting work. Over 2–6 months this underpins cash generation potential and capacity to scale operations and reinvest in growth.
Read all positive factors
MAAS Group Holdings Ltd. (MGH) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.95B
Dividend Yield1.3%
Average Volume (3M)517.76K
Price to Earnings (P/E)24.8
Beta (1Y)1.10
Revenue Growth34.24%
EPS Growth1.87%
CountryAU
Employees1,800
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.21
Shares Outstanding361,333,280
10 Day Avg. Volume351,659
30 Day Avg. Volume517,758
Financial Highlights & Ratios
PEG Ratio-4.48
Price to Book (P/B)1.67
Price to Sales (P/S)1.42
P/FCF Ratio45.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$5.75Price Target Upside20.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.29
Revenue Forecast (FY)AU$1.34B
MAAS Group Holdings Ltd. Business Overview & Revenue Model
Company Description
MAAS Group Holdings Limited is an Australian-based company, also operating internationally, that delivers a comprehensive suite of construction materials, heavy machinery, and specialized services primarily catering to the civil engineering, infra...
How the Company Makes Money
MGH makes money primarily by earning revenue across three operating segments: (1) Property development: revenue is generated from the development and sale of completed residential and commercial lots/dwellings and, where applicable, from related d...
MAAS Group Holdings Ltd. Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.20B | 1.03B | 895.06M | 789.32M | 509.89M | 273.12M |
| Gross Profit | 278.11M | 538.08M | 484.87M | 192.08M | 255.55M | 138.86M |
| EBITDA | 212.81M | 207.75M | 200.04M | 159.46M | 124.56M | 70.44M |
| Net Income | 78.56M | 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 | 93.29M | 102.77M | 85.48M | 69.37M | 52.45M | 19.76M |
| Total Debt | 782.28M | 801.16M | 626.08M | 545.21M | 329.49M | 156.89M |
| Total Liabilities | 1.07B | 1.10B | 905.73M | 814.55M | 490.98M | 234.81M |
| Stockholders Equity | 911.92M | 876.19M | 678.63M | 626.88M | 455.95M | 254.40M |
Cash Flow | ||||||
| Free Cash Flow | 57.31M | 32.20M | 56.49M | -79.70M | -51.65M | 5.96M |
| Operating Cash Flow | 108.18M | 67.83M | 113.38M | 2.56M | 7.45M | 44.28M |
| Investing Cash Flow | -284.32M | -288.70M | -114.03M | -267.60M | -210.43M | -69.61M |
| Financing Cash Flow | 183.97M | 238.15M | 16.77M | 281.95M | 237.43M | 30.88M |
MAAS Group Holdings Ltd. Technical Analysis
Positive
4.77
Price Trends
4.84
Positive
4.74
Positive
4.70
Positive
Market Momentum
0.16
Negative
62.66
Neutral
80.26
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 4.77 is below the 20-day moving average (MA) of 5.17, below the 50-day MA of 4.84, and above the 200-day MA of 4.70, indicating a bullish trend. The MACD of 0.16 indicates Negative momentum. The RSI at 62.66 is Neutral, neither overbought nor oversold. The STOCH value of 80.26 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | AU$1.57B | 29.66 | 10.26% | 2.43% | -5.37% | 0.35% | |
69 Neutral | AU$2.48B | 44.74 | 13.26% | 1.85% | 22.85% | 30.32% | |
66 Neutral | AU$1.95B | 24.76 | 8.79% | 1.30% | 34.24% | 1.87% | |
65 Neutral | AU$2.93B | 27.33 | 20.27% | 2.65% | 26.80% | 40.18% | |
64 Neutral | AU$3.21B | 65.75 | 7.79% | 3.20% | 14.40% | -57.82% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
AU:MGH
MAAS Group Holdings Ltd.
5.36
1.31
32.22%
AU:MND
Monadelphous Group Limited
28.66
11.87
70.66%
AU:SSM
Service Stream Limited
2.59
0.73
39.55%
AU:NWH
NRW Holdings Limited
6.81
4.00
142.00%
AU:SRG
SRG Global Limited
3.97
2.43
158.13%
MAAS Group Holdings Ltd. Corporate Events
MAAS Group Updates Market on Progress of Daily Share Buy-Back
Jun 16, 2026
MAAS Group Holdings Ltd. has provided an updated notification to the ASX on 17 June 2026 regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. The update reports that a total of 3,768,009 shares had been repurc...
MAAS Group Continues On‑Market Share Buy‑Back Program
Jun 16, 2026
MAAS Group Holdings Limited has continued its on-market share buy-back program, focusing on ordinary fully paid shares under the ASX code MGH as part of an ongoing capital management initiative. The company reported that a total of 3,648,009 share...
MAAS Group Continues On‑Market Buy‑Back With Daily ASX Update
Jun 4, 2026
MAAS Group Holdings has provided an updated notification to the ASX on its ongoing on‑market share buy‑back program for its ordinary fully paid shares under the code MGH. The latest daily filing, dated 5 June 2026, reports that a total...
MAAS Group Continues On-Market Share Buy-Back Program
Jun 3, 2026
MAAS Group Holdings Limited has continued its on-market share buy-back program, reporting that it has repurchased a total of 3,064,478 ordinary fully paid shares prior to the latest trading day and a further 241,124 shares on the previous day. The...
MAAS Group Reports Ongoing Daily Activity in On‑Market Share Buy-Back
Jun 1, 2026
MAAS Group Holdings Limited has updated the market on progress under its on-market share buy-back program for its ordinary fully paid shares. The latest notification records that a total of 2,661,108 shares had been repurchased before the previous...
MAAS Group Updates Market on Ongoing Share Buy-Back
May 28, 2026
MAAS Group Holdings Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. The latest daily update shows the company has bought back a cumulative 2,385,087...
MAAS Group Updates Market on Daily On-Market Share Buy-Back Activity
May 27, 2026
MAAS Group Holdings has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares under code MGH. The latest filing, dated 28 May 2026, reports that a cumulative 2,198,756...
MAAS Group Expands On-Market Share Buyback With Daily ASX Update
May 26, 2026
MAAS Group Holdings Ltd., traded on the ASX under ticker MGH, has been actively managing its capital structure through an on-market share buyback program targeting its ordinary fully paid shares. The company continues to report daily on the progre...
MAAS Group Provides Daily Update on Ongoing On-Market Share Buy-Back
May 25, 2026
MAAS Group Holdings Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. The company reported that as of 26 May 2026, it had repurchased a total of 2,121...
MAAS Group Updates Market on Progress of On-Market Share Buy-Back
May 24, 2026
MAAS Group Holdings Ltd. has provided an updated notification to the ASX regarding its ongoing on-market share buy-back of ordinary fully paid shares. The company reported that, as of the previous day, a total of 1,932,616 shares had been bought b...
MAAS Group Continues On-Market Share Buy-Back with Daily Update
May 21, 2026
MAAS Group Holdings Ltd. has provided an update on its ongoing on-market share buy-back program for its ordinary fully paid shares listed under the ASX code MGH. The company reported that it had repurchased a cumulative total of 1,671,426 shares b...
MAAS Group Updates Market on Progress of On‑Market Share Buy‑Back
May 12, 2026
MAAS Group Holdings Limited has provided an updated notification to the ASX regarding its ongoing on‑market share buy‑back program for its ordinary fully paid shares. The latest daily disclosure reports that a cumulative 1,238,807 shar...
MAAS Group Updates Market on Progress of On‑Market Share Buy‑Back
May 11, 2026
MAAS Group Holdings has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. The company reported that it had repurchased a cumulative total of 1,197,106 shares prio...
MAAS Group Updates Market on Ongoing On‑Market Share Buy‑Back
May 10, 2026
MAAS Group Holdings Ltd. has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. The latest filing, dated 11 May 2026, reports that a total of 1,157,405 shares had ...
MAAS Group Updates Daily On-Market Share Buy-Back Activity
May 6, 2026
MAAS Group Holdings has reported an update to its on-market share buy-back program covering ordinary fully paid shares under the ASX code MGH. The company disclosed that, as of the latest daily notification, it has repurchased a total of 1,113,845...
MAAS Group Updates Market on Progress of On-Market Share Buy-Back
May 5, 2026
MAAS Group Holdings Ltd., listed on the ASX under the code MGH, has its primary listed securities in the form of ordinary fully paid shares. The company remains an active market participant, regularly updating investors on changes to its capital s...
MAAS Group issues daily update on ongoing on-market share buy-back
May 4, 2026
MAAS Group Holdings Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. The company reported that a total of 1,026,997 shares had been repurchased befor...
MAAS Group Updates Market on Progress of On-Market Share Buy-Back
May 3, 2026
MAAS Group Holdings Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back of ordinary fully paid shares under code MGH. The announcement reports that a total of 983,383 shares had been repurchased b...
MAAS Group updates ASX on progress of daily on‑market share buy-back
Apr 29, 2026
MAAS Group Holdings has provided an updated notification to the ASX regarding its ongoing on‑market share buy-back of ordinary fully paid shares. The update, dated 30 April 2026, reports that a total of 852,505 shares had been repurchased pr...
MAAS Group Issues Daily Update on On-Market Share Buy-Back
Apr 28, 2026
MAAS Group Holdings has provided an updated notification regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. The company reported that as of 29 April 2026, it had repurchased a total of 812,117 shares prior t...
MAAS Group Updates Market on Progress of On‑Market Share Buy‑Back
Apr 27, 2026
MAAS Group Holdings Limited has reported an update to its on‑market share buy‑back of ordinary fully paid shares, under the ASX code MGH, as of 28 April 2026. The disclosure is made via an Appendix 3C notification, confirming that the ...
MAAS Group Updates Market on Progress of On‑Market Share Buy‑Back
Apr 23, 2026
MAAS Group Holdings has issued an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. As of 24 April 2026, the company reported that a total of 689,686 shares had been repurcha...
MAAS Group Updates Market on Progress of On-Market Share Buy-Back
Apr 12, 2026
MAAS Group Holdings Ltd., listed on the ASX under the code MGH, has ordinary fully paid shares as its main listed security and operates as a diversified industrial services and construction-related group supporting infrastructure and resource proj...
MAAS Group Updates Daily On-Market Share Buy-Back Activity
Apr 9, 2026
MAAS Group Holdings Ltd. reported an update to its ongoing on-market share buy-back program for its ordinary fully paid shares listed under the ASX code MGH. The company advised that a total of 580,817 shares had been repurchased before the previo...
MAAS Group Updates Market on Progress of On-Market Share Buy-Back
Apr 8, 2026
MAAS Group Holdings Ltd. has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. The update, dated 9 April 2026, reports that the company had repurchased a cumulati...
MAAS Group Reports Lapse of 199,376 Performance Rights
Apr 8, 2026
MAAS Group Holdings has notified the market of the lapse of 199,376 performance rights, designated as MGHAA securities, effective 31 March 2026. The rights lapsed because the conditions attached to them were not met or became incapable of being sa...
MAAS Group Issues Daily Update on Ongoing Share Buy-Back
Apr 7, 2026
MAAS Group Holdings Ltd. has provided an updated notification to the ASX regarding its ongoing on-market share buy-back of ordinary fully paid shares under code MGH. The update confirms that the company is actively repurchasing its own stock as pa...
MAAS Group Updates Market on Progress of Daily On‑Market Share Buy‑Back
Apr 6, 2026
MAAS Group Holdings Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back of ordinary fully paid shares under code MGH. The update confirms that a total of 337,405 shares had been repurchased prior ...
MAAS Group Updates Market on Progress of On-Market Share Buy-Back
Apr 1, 2026
MAAS Group Holdings has provided an updated notification on its on-market share buy-back program for its ordinary fully paid shares listed on the ASX under the code MGH. The company reports that a cumulative total of 283,028 shares had been repurc...
MAAS Group Issues Daily Update on Ongoing Share Buy-Back
Apr 1, 2026
MAAS Group Holdings has provided an update on its ongoing on-market share buy-back program for its ordinary fully paid shares. The company reported that a total of 228,961 shares had been repurchased before the previous trading day, with an additi...
MAAS Group Updates Market on Progress of On‑Market Share Buy‑Back
Mar 31, 2026
MAAS Group Holdings Ltd. has updated the market on the progress of its on‑market share buy‑back program for its ordinary fully paid shares. The latest notification, dated 31 March 2026, confirms this is an amendment to its earlier buy&...
Perpetual Exits Substantial Holder Position in Maas Group Holdings
Mar 30, 2026
Maas Group Holdings has disclosed that Perpetual Limited and its related bodies corporate have ceased to be substantial shareholders in the company as of 26 March 2026. The change, formally notified on 30 March 2026, indicates that Perpetual’...
Maas Group Reshapes Insider Shareholdings Across Family Trusts
Mar 25, 2026
Maas Group Holdings has disclosed changes in the way its managing director Wesley Jon Maas’s indirect interests in the company’s shares are structured, without altering the overall volume of securities reported as acquired or disposed....
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.