MLG Oz Ltd (MLG) AI Stock Analysis

• Market Cap: AU$158.03M
• Dividend Yield: N/A
• Average Volume (3M): 348.55K
• Price to Earnings (P/E): 10.2
• Beta (1Y): 0.89
• Revenue Growth: 15.32%
• EPS Growth: 10.05%
• Country: AU
• Employees: 947
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.04
• Shares Outstanding: 154,935,180
• 10 Day Avg. Volume: 532,103
• 30 Day Avg. Volume: 348,549
• PEG Ratio: 1.09
• Price to Book (P/B): 0.89
• Price to Sales (P/S): 0.24
• P/FCF Ratio: 3.81
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.11
• Revenue Forecast (FY): AU$574.13M

• Rating: 62 Neutral
• Price Target: AU$1.00 ▲(16.28% Upside)
• Action: Downgraded Date: 12/02/25
• Date: Action: Downgraded 12/02/25

MLG Oz Ltd's strong financial performance, characterized by consistent revenue growth and robust cash flow, is the primary driver of its stock score. However, the bearish technical indicators and lack of dividend yield moderate the overall attractiveness of the stock.

Positive Factors

Revenue Growth Trend

MLG has shown consistent top-line expansion, with reported revenue growth around 8% year-over-year. Durable revenue growth reflects expanding market penetration and recurring work from existing customers, supporting reinvestment, scale economies and predictable midterm cash flows.

Strong Free Cash Flow

The firm reports significant free cash flow growth and robust operating cash conversion. Durable cash generation strengthens liquidity, funds capital expenditure and debt servicing, and provides flexibility for strategic investments or contract-backed working capital through cyclical industry periods.

Long-term Contracts & Service Diversity

MLG’s diversified service mix (haulage, crushing, screening) and reliance on long-term contracts with major mining operators create sticky revenue streams and scale advantages. This structural client linkage reduces short-term volatility and supports steady utilisation and pricing leverage over months.

Negative Factors

Modest Net Profit Margin

Reported net profit margins are modest, limiting retained earnings and the company’s buffer against cost shocks. Over the next several months, constrained net margins reduce the capacity to self-fund growth initiatives and make sustained margin uplift critical for improving return on invested capital.

Declining Gross Margin

A noted decline in gross margin from prior levels suggests pressure from higher input costs or competitive pricing. If this trend persists, it will erode operating cash flow and profitability, constraining investment capacity and requiring efficiency or pricing actions to restore margin sustainability.

Moderate Return on Equity

ROE is characterized as moderate, indicating limited equity efficiency relative to peers. Over the medium term this may temper shareholder returns and reflect the need for better capital allocation or margin improvement to elevate profitability and justify incremental equity reinvestment.

MLG Oz Ltd Business Overview & Revenue Model

Company Description

MLG Oz Limited provides mine site services in Western Australia and the Northern Territory. The company offers mine site and bulk haulage services, such as crusher feed, road and vehicle maintenance, machine and labor hire, and rehabilitation work, as well as mine site haulage services; and supplies construction materials, including sand, aggregate, cement, and lime for mining and civil projects. It also provides crushing and screening services comprising mobile and fixed plant crushing equipment, mine ore crushing, concrete aggregate production, road base production, and general screening services; and export logistics services, including mine to port transport, container packing and devanning, import receival and distribution, and shipping documentation services. MLG Oz Limited was founded in 2001 and is headquartered in Kalgoorlie, Australia.

How the Company Makes Money

MLG generates revenue primarily through its diverse service offerings in the mining and logistics sectors. Key revenue streams include contracted haulage services, where the company transports materials for mining operations, and processing services, which involve crushing and screening of mined materials. Additionally, MLG engages in project-based work, collaborating with mining companies on specific projects that require specialized logistical support. The company also benefits from long-term contracts with major mining operators, providing a stable income stream. Strategic partnerships with industry players further enhance MLG's market position and contribute to its overall earnings.

MLG Oz Ltd Financial Statement Overview

Summary

MLG Oz Ltd exhibits strong financial health with consistent revenue growth and robust cash flow generation. While profitability margins can improve, the company maintains a stable balance sheet with effective leverage management.

Income Statement

MLG Oz Ltd has shown consistent revenue growth over the years, with a 5.8% increase in the latest year. Gross profit margin remains strong, although it has decreased from previous highs. Net profit margin is modest, indicating room for improvement in cost management. EBIT and EBITDA margins are stable, reflecting operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has improved over time, indicating better leverage management. Return on equity is moderate, suggesting efficient use of equity capital. The equity ratio shows a healthy proportion of equity financing, enhancing financial stability.

Cash Flow

MLG Oz Ltd has demonstrated significant free cash flow growth, indicating strong cash generation capabilities. The operating cash flow to net income ratio is robust, reflecting efficient cash conversion. Free cash flow to net income ratio is healthy, supporting future investments and debt servicing.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	560.03M	548.30M	474.85M	375.21M	286.84M	254.02M
Gross Profit	203.81M	186.72M	148.54M	132.66M	285.82M	250.75M
EBITDA	68.67M	62.18M	51.95M	28.07M	30.04M	40.24M
Net Income	15.12M	12.13M	10.96M	809.66K	4.81M	12.46M
Balance Sheet
Total Assets	330.10M	319.26M	293.41M	246.15M	254.64M	222.89M
Cash, Cash Equivalents and Short-Term Investments	9.73M	9.24M	5.86M	143.73K	209.79K	9.69M
Total Debt	88.27M	75.64M	67.74M	60.89M	68.53M	51.27M
Total Liabilities	176.69M	174.09M	162.58M	128.04M	138.30M	108.66M
Stockholders Equity	153.41M	145.18M	130.83M	118.12M	116.34M	114.22M
Cash Flow
Free Cash Flow	46.22M	33.90M	37.80M	14.44M	21.56M	23.96M
Operating Cash Flow	66.61M	57.84M	57.60M	32.71M	33.67M	36.89M
Investing Cash Flow	-19.45M	-23.09M	-18.73M	354.53K	-10.95M	-12.78M
Financing Cash Flow	-29.90M	-31.38M	-27.26M	-38.55M	-32.66M	-4.73M

MLG Oz Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.86
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MLG, the sentiment is Positive. The current price of 0.86 is below the 20-day moving average (MA) of 0.98, below the 50-day MA of 0.94, and above the 200-day MA of 0.85, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 58.99 is Neutral, neither overbought nor oversold. The STOCH value of 44.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MLG.

MLG Oz Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MLG	62 Neutral	AU$158.03M	10.19	8.79%	―	15.32%	10.05%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GLN	57 Neutral	AU$520.07M	-32.31	-5.18%	―	―	47.15%
PSC	52 Neutral	AU$328.80M	-28.93	-20.60%	―	―	7.28%
LIN	51 Neutral	AU$886.93M	-66.25	-15.51%	―	―	-90.48%
A1G	49 Neutral	AU$604.06M	-27.71	-140.97%	―	―	―
AUE	48 Neutral	AU$268.73M	-21.21	-20.24%	―	―	4.04%

MLG Oz Ltd Corporate Events

MLG OZ Limited Announces Lapse of 348,880 Performance Rights

MLG OZ Limited has reported the lapse of 348,880 performance rights after the conditions attached to these securities were not met or became incapable of being satisfied, resulting in a reduction of its potential issued capital. The cessation of these conditional rights slightly alters the company’s equity-based incentive structure and may marginally affect future dilution expectations for existing shareholders, though it does not involve any cash outflow or change to current ordinary share capital.

The most recent analyst rating on (AU:MLG) stock is a Hold with a A$0.88 price target. To see the full list of analyst forecasts on MLG Oz Ltd stock, see the AU:MLG Stock Forecast page.