MLG Oz Ltd (MLG) AI Stock Analysis

• Market Cap: AU$152.61M
• Dividend Yield: N/A
• Average Volume (3M): 348.55K
• Price to Earnings (P/E): 12.0
• Beta (1Y): 0.68
• Revenue Growth: 15.32%
• EPS Growth: 10.05%
• Country: AU
• Employees: 947
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.05
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: AU$1.00 ▲(16.28% Upside)

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

Sustained double-digit revenue growth reflects expanding service adoption and strong contract wins in core mining and logistics offerings. This durable top-line expansion improves capacity to fund capital expenditures, sustain operations through cycles, and supports medium-term cash generation.

Free Cash Flow Generation

Material free cash flow growth and efficient cash conversion provide a lasting buffer to fund capex, service debt and invest in growth initiatives without relying on external financing. Strong FCF underpins financial flexibility across the 2-6 month horizon and beyond.

Improved Leverage / Balance Sheet

Improving debt-to-equity and a healthy equity ratio signal stronger balance sheet resilience and lower financial risk. Better leverage management enhances ability to bid for long-term contracts and absorb industry downturns while preserving capacity for strategic investments.

Negative Factors

Margin Pressure

A declining gross margin and only modest net margins indicate persistent cost or pricing pressures that could limit net income expansion. Over the medium term, constrained margins reduce reinvestment capacity and make returns more sensitive to input cost increases or contract pricing changes.

Sector Concentration Risk

Heavy exposure to mining and resource sectors creates structural cyclicality risk: demand and contract volumes correlate with commodity cycles and capital spending. This makes revenue and utilization vulnerable to sector downturns over multi-month horizons.

No Dividend Policy

Lack of dividend distribution signals limited direct cash returns to shareholders, which may deter income-oriented long-term holders. While retaining cash can support growth or debt reduction, the policy reduces predictable shareholder income over the medium term.

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	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	548.30M	548.30M	474.85M	375.21M	286.84M	254.02M
Gross Profit	186.72M	186.72M	148.54M	132.66M	285.82M	250.75M
EBITDA	62.18M	62.18M	51.95M	28.07M	30.04M	40.24M
Net Income	12.13M	12.13M	10.96M	809.66K	4.81M	12.46M
Balance Sheet
Total Assets	319.26M	319.26M	293.41M	246.15M	254.64M	222.89M
Cash, Cash Equivalents and Short-Term Investments	9.24M	9.24M	5.86M	143.73K	209.79K	9.69M
Total Debt	75.64M	75.64M	67.74M	60.89M	68.53M	51.27M
Total Liabilities	174.09M	174.09M	162.58M	128.04M	138.30M	108.66M
Stockholders Equity	145.18M	145.18M	130.83M	118.12M	116.34M	114.22M
Cash Flow
Free Cash Flow	33.90M	33.90M	37.80M	14.44M	21.56M	23.96M
Operating Cash Flow	57.84M	57.84M	57.60M	32.71M	33.67M	36.89M
Investing Cash Flow	-23.09M	-23.09M	-18.73M	354.53K	-10.95M	-12.78M
Financing Cash Flow	-31.38M	-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: Negative
• 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 0.95, below the 50-day MA of 0.91, and above the 200-day MA of 0.83, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 58.15 is Neutral, neither overbought nor oversold. The STOCH value of 35.09 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$152.61M	12.00	8.79%	―	15.32%	10.05%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GLN	57 Neutral	€489.11M	-30.38	-5.18%	―	―	47.15%
PSC	52 Neutral	AU$317.28M	-32.14	-20.60%	―	―	7.28%
LIN	50 Neutral	AU$694.48M	-51.88	-15.51%	―	―	-90.48%
A1G	49 Neutral	AU$472.01M	-21.65	-140.97%	―	―	―
AUE	48 Neutral	AU$225.54M	-18.26	-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.

MLG Oz Ltd Announces Director’s Interest Change with New Options Issuance

MLG Oz Ltd has announced a change in the director’s interest, with Anna Neuling acquiring 2,000,000 unquoted options exercisable at $0.89 each, expiring on 20 March 2029. This issuance of Director Options was approved by shareholders at the company’s 2025 Annual General Meeting, reflecting a strategic move to align management incentives with shareholder interests.

The most recent analyst rating on (AU:MLG) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on MLG Oz Ltd stock, see the AU:MLG Stock Forecast page.

MLG Oz Ltd Issues 6 Million Unquoted Options

MLG Oz Ltd announced the issuance of 6,000,000 unquoted options, exercisable at $0.89 each, set to expire on March 20, 2029. This issuance is part of a previously announced transaction and is not intended to be quoted on the ASX, potentially impacting the company’s capital structure and offering strategic flexibility.

The most recent analyst rating on (AU:MLG) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on MLG Oz Ltd stock, see the AU:MLG Stock Forecast page.

MLG Oz Ltd Issues Performance Rights to Employees

MLG Oz Ltd has announced the issuance of 1,100,407 performance rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s strategy to align employee interests with corporate performance, potentially enhancing motivation and retention. The issuance of these securities could impact the company’s operational dynamics by fostering a more engaged workforce, thereby possibly strengthening its market position.

The most recent analyst rating on (AU:MLG) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on MLG Oz Ltd stock, see the AU:MLG Stock Forecast page.

MLG Oz Limited Reports Successful AGM with All Resolutions Passed

MLG Oz Limited announced that all resolutions at its Annual General Meeting were passed with the requisite majorities. This outcome reflects strong shareholder support for the company’s strategic initiatives and governance decisions, potentially strengthening its operational capabilities and market position.

The most recent analyst rating on (AU:MLG) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on MLG Oz Ltd stock, see the AU:MLG Stock Forecast page.

MLG Oz Secures Contract Extension with Rio Tinto

MLG Oz Limited has announced an extension of its contract with Rio Tinto for bulk haulage and site services at the Western Turner Syncline Mine in Western Australia. The contract, originally set for up to 12 months with a volume movement of 1.6 million tonnes, has been extended by three months to March 2026, with expected additional revenues of approximately $5.0 million. This extension is seen as a positive reflection of MLG’s successful service delivery and strengthens its ongoing partnership with Rio Tinto.

The most recent analyst rating on (AU:MLG) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on MLG Oz Ltd stock, see the AU:MLG Stock Forecast page.