MAAS Group Holdings Ltd. (MGH) AI Stock Analysis

• Market Cap: AU$1.49B
• Dividend Yield: 1.71%
• Average Volume (3M): 390.14K
• Price to Earnings (P/E): 19.2
• Beta (1Y): 0.77
• Revenue Growth: -1.30%
• EPS Growth: -7.78%
• Country: AU
• Employees: 1,800
• Sector: Industrials
• Sector Strength: 91
• Industry: Engineering & Construction
• EPS (TTM): 0.10
• Shares Outstanding: 362,771,150
• 10 Day Avg. Volume: 335,792
• 30 Day Avg. Volume: 390,144
• PEG Ratio: 0.00
• Price to Book (P/B): 1.34
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -10.54
• 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$4.63
• Price Target Upside: 13.20% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 67 Neutral
• Price Target: AU$4.50 ▲(10.02%Upside)

MAAS Group Holdings Ltd. shows a solid financial performance with strong revenue and profit growth, but there is room for improvement in cash flow management. The technical analysis indicates a neutral market position, and the valuation suggests reasonable pricing. The absence of earnings call and corporate events data limits further insights.

MAAS Group Holdings Ltd. Business Overview & Revenue Model

Company Description

MAAS Group Holdings Limited, together with subsidiaries, provides construction materials, equipment, and services for civil, infrastructure, and mining sectors in Australia and internationally. The company operates through Civil, Construction, and Hire; Real Estate; Manufacturing; and Construction Materials segments. The Civil, Construction, and Hire segment engages in the construction of civil infrastructure, roads, dams, and mining infrastructure. This segment also provides electrical infrastructure, communications, and specialized services; hires, maintains, rebuilds, and sells second-hand mobile equipment for civil tunneling and underground hard rock mining; and hires and sells plant for infrastructure and tunneling projects. The Real Estate segment builds, develops, and sells residential housing estates, commercial and industrial properties; and invests in commercial real estate properties. The Construction Materials segment supplies quarry materials; offers mobile crushing and screening services for quarries, civil works, and mining; and provides geotechnical services. The Manufacturing segment manufactures, sells, and distributes underground construction and mining equipment and parts. MAAS Group Holdings Limited was founded in 2002 and is headquartered in Dubbo, Australia.

How the Company Makes Money

MAAS Group Holdings Ltd. generates revenue through several key streams. The construction materials segment involves the production and sale of quarry and concrete products, which are essential for infrastructure projects and building construction. In the civil construction sector, MGH earns money by undertaking large-scale infrastructure projects, often for government and private clients, which includes roadworks, utilities, and engineering services. Additionally, the company has a real estate arm that develops and sells residential and commercial properties, contributing to its revenue. Strategic partnerships and long-term contracts with various stakeholders, including government agencies and private enterprises, significantly enhance its revenue streams and provide stability and growth opportunities.

MAAS Group Holdings Ltd. Financial Statement Overview

Summary

MAAS Group Holdings Ltd. shows strong financial performance with significant revenue growth and robust profit margins. However, there is room for improvement in cash flow metrics and financial stability as indicated by the Equity Ratio.

Income Statement

MAAS Group Holdings Ltd. has shown robust growth in revenue, with a significant increase from AUD 789.3 million in 2023 to AUD 895.1 million in 2024, marking a revenue growth rate of approximately 13.4%. The Gross Profit Margin improved substantially to 54.2%, indicating effective cost management. Net Profit Margin increased to 8.2%, reflecting enhanced profitability. The EBIT and EBITDA margins are strong at 21.8% and 21.3% respectively, showcasing operational efficiency.

Balance Sheet

The company's financial health is moderately strong with a Debt-to-Equity Ratio of 0.92, indicating a balanced use of debt. The Return on Equity (ROE) stands at 10.8%, suggesting efficient use of equity capital. However, the Equity Ratio is at 42.7%, which could be improved to enhance financial stability.

Cash Flow

The Free Cash Flow has turned positive in 2024 to AUD 56.5 million from a negative position in 2023, indicating improved cash management. However, the Operating Cash Flow to Net Income Ratio of 1.55 suggests room for improvement in cash generation relative to income.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	905.81M	895.06M	789.32M	509.89M	273.12M	186.97M
Gross Profit	471.43M	484.87M	192.08M	255.55M	138.86M	46.94M
EBITDA	183.08M	200.04M	159.46M	124.56M	70.44M	42.93M
Net Income	70.44M	72.96M	65.90M	61.56M	34.57M	20.69M
Balance Sheet
Total Assets	1.66B	1.59B	1.44B	946.93M	489.21M	386.30M
Cash, Cash Equivalents and Short-Term Investments	85.46M	85.48M	69.37M	52.45M	19.76M	25.10M
Total Debt	574.56M	626.08M	545.21M	329.49M	156.89M	111.40M
Total Liabilities	818.81M	905.73M	814.55M	490.98M	234.81M	172.90M
Stockholders Equity	828.76M	678.63M	626.88M	455.95M	254.40M	213.40M
Cash Flow
Free Cash Flow	-10.15M	56.49M	-79.70M	-51.65M	5.96M	8.40M
Operating Cash Flow	28.67M	113.38M	2.56M	7.45M	44.28M	27.38M
Investing Cash Flow	-103.22M	-114.03M	-267.60M	-210.43M	-69.61M	-41.40M
Financing Cash Flow	74.00M	16.77M	281.95M	237.43M	30.88M	23.54M

MAAS Group Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.09
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MGH, the sentiment is Negative. The current price of 4.09 is below the 20-day moving average (MA) of 4.15, below the 50-day MA of 4.19, and below the 200-day MA of 4.32, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 45.28 is Neutral, neither overbought nor oversold. The STOCH value of 22.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
MGH	67 Neutral	AU$1.49B	19.21	9.50%	1.71%	-1.30%	-7.78%
Sector *	65 Neutral	$10.85B	15.47	5.22%	1.89%	3.09%	-26.84%
8MP		€984.30M	20.43	15.97%	3.75%	―	―
UFY		€681.04M	20.23	10.90%	2.54%	―	―
3NR		€779.77M	10.59	18.01%	4.62%	―	―
JLG	69 Neutral	AU$1.10B	27.80	8.61%	1.28%	-10.74%	-16.14%
SRG	69 Neutral	AU$1.02B	24.21	11.36%	2.98%	25.40%	41.18%

MAAS Group Holdings Ltd. Corporate Events

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.

MAAS Group Holdings Updates on Buy-Back Program

MAAS Group Holdings Ltd. has announced an update regarding its ongoing on-market buy-back program. As of May 1, 2025, the company has repurchased a total of 1,545,590 ordinary fully paid securities, including 19,876 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.

MAAS Group Holdings Ltd. Updates on Ongoing Securities Buy-Back

MAAS Group Holdings Ltd. has announced an update regarding its ongoing on-market buy-back of ordinary fully paid securities. As of the latest notification, the company has bought back a total of 1,507,100 securities, with an additional 18,614 securities purchased on the previous day. This buy-back initiative reflects the company’s strategic decision to manage its capital structure, potentially enhancing shareholder value and signaling confidence in its financial position.

MAAS Group Holdings Updates on Share Buy-Back Program

MAAS Group Holdings Ltd. has announced an update on its ongoing share buy-back program, reporting a total of 1,487,867 securities bought back before the previous day and an additional 19,233 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting a proactive approach to managing its financial resources and market positioning.

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 April 28, 2025, the company has repurchased a total of 1,487,867 ordinary fully paid securities, including 23,744 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value.

MAAS Group Holdings Updates on Buy-Back Program

MAAS Group Holdings Ltd. announced an update on its ongoing on-market buy-back program, reporting a total of 1,443,549 securities bought back before the previous day and an additional 20,574 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, reflecting a proactive approach in maintaining its market position.

MAAS Group Holdings Updates on Market Buy-Back Progress

MAAS Group Holdings Ltd. has announced an update on its ongoing on-market buy-back of ordinary fully paid securities, with a total of 1,419,932 securities bought back before the previous day and an additional 23,617 securities bought back on the previous day. This buy-back initiative reflects the company’s strategic efforts to manage its capital structure and potentially enhance shareholder value.

Maas Group Holdings Announces Registry Office Relocation

Maas Group Holdings Limited (MGH) announced a change in the address of its registry office, MUFG Corporate Markets (AU) Limited, which has moved to a new location in Sydney. This change is procedural and does not affect the mailing address or telephone number for shareholders, indicating minimal impact on stakeholders.

MAAS Group Holdings Updates on Buy-Back Program

MAAS Group Holdings Ltd. has announced an update regarding their ongoing on-market buy-back program. As of April 17, 2025, the company has repurchased a total of 1,377,410 ordinary fully paid securities, with 22,204 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.

MAAS Group Holdings Ltd. Updates on Securities Buy-Back

MAAS Group Holdings Ltd. has announced an update regarding its ongoing on-market buy-back of its ordinary fully paid securities. As of April 16, 2025, the company has bought back a total of 1,355,441 securities, with an additional 21,969 securities repurchased on the previous day. This buy-back initiative reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value.

MAAS Group Holdings Updates on Securities Buy-Back

MAAS Group Holdings Ltd. has announced an update regarding its ongoing on-market buy-back of ordinary fully paid securities. As of April 15, 2025, the company has bought back a total of 1,335,212 securities, with an additional 20,229 securities repurchased 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.