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MAAS Group Holdings Ltd.
(Sydney:MGH)
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Rating:54Neutral
Price Target:
AU$6.50
▲(22.18% Upside)
Action:Reiterated
Date:08/21/26
The score is held back primarily by weakening financial performance—especially the sharp 2026 revenue drop, major operating margin compression, and negative free cash flow/weak cash conversion—despite a still-serviceable balance sheet. Technicals provide the main support with a strong uptrend and positive momentum, though overbought readings add near-term risk. Valuation is a modest headwind given the high P/E and limited dividend yield.
Positive Factors
Vertically Integrated Delivery Model
Integrated construction and supply operations can improve control over materials, coordination and project execution. This model may also retain margin that would otherwise go to external suppliers and support resilience across infrastructure projects.
Negative Factors
Sharp Revenue Contraction
A nearly halving of annual revenue signals significant exposure to project timing, business mix or weaker activity. Sustained contraction would reduce operating scale, weaken overhead absorption and make future earnings less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Vertically Integrated Delivery Model
Integrated construction and supply operations can improve control over materials, coordination and project execution. This model may also retain margin that would otherwise go to external suppliers and support resilience across infrastructure projects.
Read all positive factors
MAAS Group Holdings Ltd. (MGH) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.23B
Dividend Yield1.19%
Average Volume (3M)517.76K
Price to Earnings (P/E)27.7
Beta (1Y)1.11
Revenue Growth34.24%
EPS Growth1.87%
CountryAU
Employees2,143
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 Ratio0.17
Price to Book (P/B)1.97
Price to Sales (P/S)3.04
P/FCF Ratio-39.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$6.81Price Target Upside28.05% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.36
Revenue Forecast (FY)AU$1.27B
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 from delivering infrastructure and construction projects under contract. This typically includes: (1) Contracting revenue from civil construction and infrastructure works, where MGH is paid based on agr...
MAAS Group Holdings Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
62
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.20B | 629.72M | 1.03B | 895.06M | 789.32M | 509.89M |
| Gross Profit | 278.11M | 105.67M | 538.08M | 484.87M | 192.08M | 255.55M |
| EBITDA | 212.81M | 69.82M | 207.75M | 200.04M | 159.46M | 124.56M |
| Net Income | 78.56M | 136.11M | 71.96M | 72.96M | 65.90M | 61.56M |
Balance Sheet | ||||||
| Total Assets | 1.99B | 2.86B | 1.99B | 1.59B | 1.44B | 946.93M |
| Cash, Cash Equivalents and Short-Term Investments | 93.29M | 47.39M | 102.77M | 85.48M | 69.37M | 52.45M |
| Total Debt | 782.28M | 1.17B | 801.16M | 626.08M | 545.21M | 329.49M |
| Total Liabilities | 1.07B | 1.87B | 1.10B | 905.73M | 814.55M | 490.98M |
| Stockholders Equity | 911.92M | 972.11M | 876.19M | 678.63M | 626.88M | 455.95M |
Cash Flow | ||||||
| Free Cash Flow | 57.31M | -48.89M | 32.20M | 56.49M | -79.70M | -51.65M |
| Operating Cash Flow | 108.18M | 23.74M | 67.83M | 113.38M | 2.56M | 7.45M |
| Investing Cash Flow | -284.32M | -94.46M | -288.70M | -114.03M | -267.60M | -210.43M |
| Financing Cash Flow | 183.97M | 49.07M | 238.15M | 16.77M | 281.95M | 237.43M |
MAAS Group Holdings Ltd. Technical Analysis
Positive
5.32
Price Trends
5.44
Positive
5.09
Positive
4.93
Positive
Market Momentum
0.13
Negative
58.68
Neutral
70.94
Neutral
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 5.32 is below the 20-day moving average (MA) of 5.43, below the 50-day MA of 5.44, and above the 200-day MA of 4.93, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 58.68 is Neutral, neither overbought nor oversold. The STOCH value of 70.94 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
85 Outperform | AU$1.08B | 36.26 | 42.55% | 4.50% | -16.50% | -24.00% | |
80 Outperform | AU$855.32M | 21.66 | 22.89% | 2.60% | 12.00% | -5.39% | |
67 Neutral | AU$3.49B | 24.12 | 23.03% | 3.20% | 31.39% | 451.49% | |
66 Neutral | AU$3.19B | 30.08 | 20.27% | 2.98% | 26.80% | 40.18% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | AU$4.39B | 19.97 | 11.01% | 3.39% | -7.37% | 59.81% | |
54 Neutral | AU$2.23B | 27.71 | 8.79% | 1.31% | 34.24% | 1.87% |
* Industrials Sector Average
AU:MGH
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MAAS Group Holdings Ltd. Corporate Events
Maas Group Files Updated Corporate Governance Statement with ASX
Aug 19, 2026
Maas Group Holdings Limited has lodged its updated corporate governance statement for the year ended 30 June 2026, confirming that the document is available via its Investor Centre and current as of 20 August 2026. The filing, accompanied by a com...
Maas Group Delivers Record FY26 Profit and Ramps Up Share Buybacks
Aug 19, 2026
Maas Group Holdings reported a record FY26 result, with underlying revenue rising 27% to $1.26 billion and underlying EBITDA jumping 37% to $300.3 million, in line with guidance. Statutory NPAT surged 89% to $136.1 million and underlying EPS climb...
Maas Group profit nearly doubles on strong core operations
Aug 19, 2026
Maas Group Holdings reported a strong uplift in full-year performance for the year ended 30 June 2026, with group revenue rising 26.3% to $1.31 billion and statutory EBITDA climbing 43.9% to $311.3 million. Statutory profit attributable to owners ...
Maas Group Sets 20 August Date for FY26 Results Webcast
Aug 13, 2026
Maas Group Holdings Limited will release its audited financial results for the year ended 30 June 2026 on Thursday 20 August 2026, with a results briefing webcast scheduled for 9:00 a.m. AEST the same day. The presentation, led by Managing Directo...
MAAS Group updates market on progress of on‑market share buy-back
Aug 9, 2026
MAAS Group Holdings Limited has provided an update on its ongoing on-market share buy-back program for its ordinary fully paid shares, identified by the ASX code MGH. The company reported that a total of 9,202,067 shares had been repurchased prior...
MAAS Group Continues On-Market Share Buy-Back Program
Aug 6, 2026
MAAS Group Holdings Ltd., listed on the ASX under ticker MGH, is a diversified Australian group with ordinary fully paid shares that trade actively on the market. The company leverages its public listing to undertake capital management initiatives...
MAAS Group Expands On-Market Buy-Back Program With Daily ASX Update
Aug 5, 2026
MAAS Group Holdings Ltd., a construction materials and industrial services company listed on the ASX under ticker MGH, is active in Australia’s infrastructure and civil works market. The group serves investors looking for exposure to constru...
Maas Group lifts earnings outlook on $855m AI power contract and bigger Firmus stake
Aug 4, 2026
Maas Group Holdings has secured a new $855 million contract to deliver modular electrical infrastructure for Firmus over the next 18 months, lifting work in hand for its JLE electrical subsidiary to more than $1.2 billion. The order covers Firmus ...
Maas Group Wins ACCC Approval for $1.7bn Sale to Heidelberg Materials
Jul 31, 2026
Maas Group Holdings Limited is a diversified industrial company with operations spanning construction materials, civil construction, real estate and electrical infrastructure. Its JLE Group division supplies critical power distribution equipment t...
ACCC Clears Heidelberg’s Maas Materials Deal With Divestiture Conditions
Jul 30, 2026
The ACCC has cleared Heidelberg Materials Australia’s acquisition of Maas Group Holdings’ construction materials business, but imposed conditions that Heidelberg divest three ready-mix concrete plants in Queensland and New South Wales ...
Maas Group sets 2026 AGM date and board nomination deadline
Jul 28, 2026
Maas Group Holdings has scheduled its Annual General Meeting for 24 September 2026, with a detailed notice to be sent to shareholders on 26 August 2026. The meeting will address standard governance matters, including director re-elections, and pro...
MAAS Group Updates ASX on Active On‑Market Share Buy‑Back
Jul 27, 2026
MAAS Group Holdings Ltd. has provided an updated notification to the ASX regarding its ongoing on‑market share buy‑back program involving its ordinary fully paid shares. The update confirms the company is actively repurchasing stock, s...
MAAS Group Continues On-Market Share Buy-Back Program
Jul 26, 2026
MAAS Group Holdings Limited has reported an update to its ongoing on-market share buy-back program for its ordinary fully paid securities listed on the ASX under the code MGH. The disclosure confirms the entity continues to actively repurchase its...
MAAS Group Continues Daily On-Market Share Buy-Back
Jul 23, 2026
MAAS Group Holdings Ltd., listed on the ASX under the ticker MGH, is a diversified industrial and construction services provider focused on civil construction, materials and related infrastructure support. Its operations span multiple projects whe...
MAAS Group Updates Market on Progress of On-Market Share Buy-Back
Jul 22, 2026
MAAS Group Holdings has provided a daily update on its ongoing on-market share buy-back program for its ordinary fully paid shares listed on the ASX under the code MGH. The latest notification, dated 23 July 2026, confirms that a total of 6,746,68...
MAAS Group Updates Daily On-Market Share Buy-Back Activity
Jul 21, 2026
MAAS Group Holdings Ltd. has provided a daily update on its on-market share buy-back program for its ordinary fully paid shares listed under the ASX code MGH. The release confirms that a total of 6,537,150 shares had been repurchased before the pr...
MAAS Group Continues On-Market Share Buy-Back Program
Jul 14, 2026
MAAS Group Holdings Limited has continued its on-market share buy-back program, reporting that it has repurchased a cumulative total of 5,756,942 ordinary fully paid shares as of the latest notification. The company bought back 128,748 shares on t...
MAAS Group Continues On-Market Share Buy-Back Program
Jul 12, 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, coded MGH on the ASX. The company reported that a total of 5,698,400 shares had been repurchased before the...
MAAS Group cancels 32,068 unvested performance rights after conditions lapse
Jul 9, 2026
MAAS Group Holdings has reported the cessation of 32,068 performance rights, which lapsed on June 30, 2026 after the conditions attached to these rights were not met or became incapable of being satisfied. The lapse of these conditional securities...
MAAS Group Updates Market on Progress of On‑Market Share Buy‑Back
Jul 9, 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 daily disclosure shows that the company had repurchased a cu...
MAAS Group Continues Daily On-Market Share Buy-Back Updates
Jul 8, 2026
MAAS Group Holdings Ltd., listed on the ASX under ticker MGH with ordinary fully paid shares, is an Australian public company managing its capital through on-market share transactions. Its investor base and market presence are shaped by regular AS...
MAAS Group Updates Daily On-Market Share Buy-Back Activity
Jul 7, 2026
MAAS Group Holdings Ltd. has provided an updated notification regarding its on-market share buy-back of ordinary fully paid shares on the ASX, under the security code MGH. The update confirms the transaction activity as part of a continuing buy-ba...
MAAS Group Updates Daily On-Market Share Buy-Back Activity
Jul 6, 2026
MAAS Group Holdings Ltd. has reported an updated daily notification for its ongoing on-market share buy-back of ordinary fully paid shares. The latest filing, dated 7 July 2026, confirms that the program remains active, reflecting continued execut...
MAAS Group Updates Market on Progress of On-Market Share Buy-Back
Jul 5, 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 under the code MGH. The company reported that it had repurchased a cumulative total ...
MAAS Group Issues Daily Update on Ongoing On-Market Share Buy-Back
Jul 2, 2026
MAAS Group Holdings Limited has updated the market on its ongoing on-market share buy-back program for its ordinary fully paid shares, listed under the code MGH. The company reported that a total of 4,657,293 shares had been repurchased before the...
MAAS Group Updates Market on Progress of On‑Market Share Buy‑Back
Jul 1, 2026
MAAS Group Holdings Ltd. has provided an update to the market on its ongoing on‑market share buy‑back program, confirming that it repurchased 112,900 ordinary fully paid shares on the previous trading day. This brings the total number ...
MAAS Group Updates Market on Daily On-Market Share Buy-Back Activity
Jun 30, 2026
MAAS Group Holdings Ltd., listed on the ASX under the ticker MGH, issues ordinary fully paid shares and participates in equity market activities typical of publicly traded industrial and services companies. Its use of on-market buy-backs highlight...
MAAS Group Continues On-Market Share Buy-Back Program
Jun 28, 2026
MAAS Group Holdings has updated the market on the progress of its on-market share buy-back, confirming that it is purchasing its ordinary fully paid shares under the previously announced program. The company reported that a total of 3,950,831 shar...
MAAS Group Reports Ongoing On‑Market Share Buy‑Back Activity
Jun 25, 2026
MAAS Group Holdings Ltd. is an ASX-listed corporate entity whose ordinary fully paid shares trade under the ticker MGH, and it is required to disclose market-sensitive activities to investors. As part of its capital management strategy, the compan...
MAAS Group Continues On-Market Buy-Back With Daily Share Repurchases
Jun 23, 2026
MAAS Group Holdings Ltd. has provided an update on its ongoing on-market share buy-back program, confirming that a total of 3,775,512 ordinary fully paid shares had been repurchased prior to the latest reporting date. The company also disclosed th...
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...
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.