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Monadelphous Group Limited (AU:MND)
ASX:MND
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Monadelphous Group Limited (MND) AI Stock Analysis

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AU

Monadelphous Group Limited

(Sydney:MND)

Rating:76Outperform
Price Target:
AU$19.50
▲(5.98%Upside)
Monadelphous Group Limited's strong financial performance, characterized by robust revenue growth and profitability, is the primary driver of the score. Positive technical indicators further enhance the stock's attractiveness. Valuation metrics suggest the stock is fairly priced with a solid dividend yield, appealing to income investors.

Monadelphous Group Limited (MND) vs. iShares MSCI Australia ETF (EWA)

Monadelphous Group Limited Business Overview & Revenue Model

Company DescriptionMonadelphous Group Limited, an engineering group, provides construction, maintenance, and industrial services to resources, energy, and infrastructure industries in Australia, Chile, Mongolia, China, Papua New Guinea, and internationally. It operates through Engineering Construction, and Maintenance and Industrial Services divisions. The company offers fabrication, modularization, offsite pre-assembly, procurement, and installation of structural steel, tankage, mechanical and process equipment, piping, demolition, and remediation works; multi-disciplined construction services; plant commissioning; electrical and instrumentation services; engineering, procurement, and construction services; process and non-process maintenance services; and front-end scoping, shutdown planning, management, and execution services. It also provides water and wastewater asset construction and maintenance; transmission pipelines and facilities construction; power and water assets operation and maintenance; heavy lift and specialist transport; access solutions; dewatering services; corrosion management services; specialist coatings; rail maintenance services; and insulation and cladding services. In addition, it offers turnkey design and construction, heavy lift and crane, and civil and electrical services. Monadelphous Group Limited was founded in 1972 and is headquartered in Perth, Australia.
How the Company Makes MoneyMonadelphous Group Limited generates revenue primarily through its two main operating divisions: Engineering Construction and Maintenance & Industrial Services. The Engineering Construction division focuses on providing large-scale project execution, including the design, procurement, and construction of heavy industrial facilities. Revenue in this segment is earned through long-term contracts with major resource and energy companies. The Maintenance & Industrial Services division offers maintenance and turnaround services, sustaining capital works, and shutdown services, which provide a steady stream of recurring revenue. This division ensures ongoing operational efficiency and reliability for clients in the resources and energy sector. Additionally, Monadelphous engages in strategic partnerships and alliances with other industry players to enhance its service offerings and expand its market reach, thereby contributing to its overall earnings.

Monadelphous Group Limited Financial Statement Overview

Summary
Monadelphous Group Limited exhibits strong financial health with robust revenue growth and improved profitability margins. The balance sheet is solid with low leverage and high equity, while cash flow generation is strong, supporting future investments and operations. The company is well-positioned to manage risks and capitalize on growth opportunities in the construction sector.
Income Statement
85
Very Positive
Monadelphous Group Limited has demonstrated strong revenue growth, especially in the most recent fiscal year. The gross profit margin has remained stable with a slight improvement, while net profit margin has improved, indicating better cost management and profitability. The EBIT and EBITDA margins have also shown positive trends, reflecting operational efficiency.
Balance Sheet
80
Positive
The company's balance sheet is robust with a healthy equity ratio and low debt-to-equity ratio, indicating financial stability and low leverage. Return on Equity (ROE) has improved, reflecting strong profitability relative to shareholder investments.
Cash Flow
78
Positive
Operating cash flow has significantly improved, supporting the company's ability to fund operations and investments. Free cash flow growth is strong, enhancing financial flexibility. The operating cash flow to net income ratio is favorable, suggesting good cash conversion efficiency.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue2.03B2.01B1.72B1.81B1.75B1.49B
Gross Profit153.91M135.77M118.66M122.51M112.17M101.07M
EBITDA140.61M132.82M108.59M109.31M104.60M79.49M
Net Income74.64M62.20M53.54M52.22M47.06M36.48M
Balance Sheet
Total Assets876.80M887.36M768.17M791.36M777.07M714.16M
Cash, Cash Equivalents and Short-Term Investments272.49M225.86M178.32M183.33M175.71M208.29M
Total Debt84.47M94.24M88.73M109.48M97.59M91.89M
Total Liabilities390.31M421.77M330.20M379.18M381.49M329.72M
Stockholders Equity486.48M465.59M437.98M412.18M395.57M384.43M
Cash Flow
Free Cash Flow79.95M98.86M74.25M55.02M18.54M106.49M
Operating Cash Flow133.46M187.74M93.29M64.87M26.73M119.08M
Investing Cash Flow-45.11M-87.82M-32.26M-3.18M-2.98M-8.27M
Financing Cash Flow-82.03M-49.98M-66.68M-54.59M-54.33M-66.90M

Monadelphous Group Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price18.40
Price Trends
50DMA
17.42
Positive
100DMA
16.40
Positive
200DMA
14.92
Positive
Market Momentum
MACD
0.29
Negative
RSI
77.73
Negative
STOCH
89.77
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MND, the sentiment is Positive. The current price of 18.4 is above the 20-day moving average (MA) of 17.62, above the 50-day MA of 17.42, and above the 200-day MA of 14.92, indicating a bullish trend. The MACD of 0.29 indicates Negative momentum. The RSI at 77.73 is Negative, neither overbought nor oversold. The STOCH value of 89.77 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MND.

Monadelphous Group Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUMND
76
Outperform
€1.85B24.4315.97%3.59%11.00%34.97%
59
Neutral
AU$1.67B10.2011.24%3.59%6.75%3.18%
DEUFY
€681.21M19.6610.90%2.73%
DE3NR
€808.47M11.2418.01%5.34%
AUGNG
84
Outperform
AU$619.21M15.9158.99%5.51%25.12%31.13%
AUSRG
69
Neutral
AU$1.01B23.9911.36%2.99%25.40%41.18%
AUMGH
66
Neutral
AU$1.51B19.549.50%1.73%-1.30%-7.78%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:MND
Monadelphous Group Limited
18.40
6.52
54.91%
DE:UFY
Service Stream Limited
1.03
0.27
35.53%
DE:3NR
NRW Holdings Limited
1.73
-0.17
-8.95%
AU:SRG
SRG Global Limited
1.68
0.80
90.91%
AU:MGH
MAAS Group Holdings Ltd.
4.04
-0.29
-6.70%
AU:GNG
GR Engineering Services Ltd
3.63
1.78
96.22%

Monadelphous Group Limited Corporate Events

Monadelphous Group Gains New Substantial Holder
Jul 16, 2025

Monadelphous Group Limited has announced a new substantial holder, with State Street Corporation and its subsidiaries acquiring a significant number of voting shares. This development indicates a strategic investment by State Street, potentially impacting Monadelphous Group’s market positioning and shareholder dynamics.

The most recent analyst rating on (AU:MND) stock is a Buy with a A$15.93 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.

State Street Corporation Ceases Substantial Holding in Monadelphous Group
Jul 15, 2025

Monadelphous Group Limited has announced that State Street Corporation and its subsidiaries have ceased to be substantial holders in the company as of July 11, 2025. This change in substantial holding may impact the company’s shareholder structure and influence in the market, although specific implications for stakeholders are not detailed in the release.

The most recent analyst rating on (AU:MND) stock is a Buy with a A$15.93 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.

Monadelphous Group Sees Shift in Substantial Holding
Jul 8, 2025

Monadelphous Group Limited has announced a significant change in its substantial holding, with State Street Corporation and its subsidiaries now holding a notable voting power in the company. This development indicates a shift in the company’s shareholder structure, potentially impacting its governance and strategic decisions. The involvement of major financial entities like State Street Global Advisors and its affiliates suggests increased institutional interest in Monadelphous, which could influence the company’s market positioning and stakeholder dynamics.

The most recent analyst rating on (AU:MND) stock is a Buy with a A$15.93 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.

Monadelphous Secures Over $100 Million in New Energy Sector Contracts
Jul 3, 2025

Monadelphous Group Limited has announced the award of new contracts in the energy sector valued at over $100 million. The company secured a contract with Technip Energies for services related to the Shell Crux platform off Western Australia’s coast, expected to be completed by late 2026. Additionally, Monadelphous’ Inteforge division extended its agreement with Origin Energy to supply wellsite equipment for Australia Pacific LNG in Queensland, continuing a partnership that began in 2015.

The most recent analyst rating on (AU:MND) stock is a Buy with a A$15.93 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.

Monadelphous Director Increases Shareholding Through Performance Rights Conversion
Jul 1, 2025

Monadelphous Group Limited announced a change in the director’s interest, with Zoran Bebic converting 20,346 performance rights into ordinary shares, increasing his indirect holdings to 160,165 shares. This change reflects the company’s ongoing commitment to aligning management interests with shareholder value, potentially impacting stakeholder confidence positively.

The most recent analyst rating on (AU:MND) stock is a Buy with a A$15.93 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.

Monadelphous Director Increases Shareholding Through Performance Rights Conversion
Jul 1, 2025

Monadelphous Group Limited announced a change in the director’s interest, with Robert Velletri converting 9,674 performance rights into ordinary shares, increasing his indirect holdings to 2,302,026 shares. This change reflects the company’s ongoing commitment to aligning executive interests with shareholder value, potentially impacting the company’s governance and stakeholder confidence positively.

The most recent analyst rating on (AU:MND) stock is a Buy with a A$15.93 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.

Monadelphous Group Limited Announces Quotation of New Securities
Jul 1, 2025

Monadelphous Group Limited has announced the quotation of 444,273 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of July 1, 2025. This move signifies the company’s ongoing efforts to enhance its market presence and potentially strengthen its financial position, reflecting its strategic focus on growth and shareholder value.

The most recent analyst rating on (AU:MND) stock is a Buy with a A$15.93 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.

Monadelphous Group Limited Announces Change in Substantial Holders
Jun 30, 2025

Monadelphous Group Limited has announced a change in its substantial holders, with State Street Corporation and its subsidiaries ceasing to be substantial holders as of June 26, 2025. This change could impact the company’s shareholder structure and influence future voting outcomes, potentially affecting its strategic decisions and market positioning.

The most recent analyst rating on (AU:MND) stock is a Buy with a A$15.93 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.

State Street Increases Stake in Monadelphous Group Limited
Jun 27, 2025

Monadelphous Group Limited has announced a significant change in its substantial holdings, with State Street Corporation and its subsidiaries now holding a notable interest in the company. This development highlights the influence of State Street as a substantial holder, potentially impacting Monadelphous Group’s strategic decisions and stakeholder relations.

The most recent analyst rating on (AU:MND) stock is a Buy with a A$15.93 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.

State Street Corporation Ceases Substantial Holding in Monadelphous Group
May 26, 2025

Monadelphous Group Limited has announced that State Street Corporation and its subsidiaries have ceased to be substantial holders in the company as of May 22, 2025. This change in substantial holding may impact the company’s shareholder structure and could influence its market perception and stakeholder relationships.

The most recent analyst rating on (AU:MND) stock is a Buy with a A$15.93 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.

State Street Corporation Acquires Significant Stake in Monadelphous Group
May 23, 2025

Monadelphous Group Limited has announced a substantial holding update, indicating that State Street Corporation and its subsidiaries, including State Street Global Advisors, have acquired a significant voting power in the company. This development highlights a notable shift in the ownership structure, potentially impacting the company’s governance and strategic decisions, as State Street now holds a 5.13% voting power, positioning it as a key stakeholder.

The most recent analyst rating on (AU:MND) stock is a Buy with a A$15.93 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.

State Street Becomes Substantial Holder in Monadelphous Group
May 21, 2025

Monadelphous Group Limited has announced that State Street Corporation and its subsidiaries have become substantial holders in the company, with a voting power of 5.12%. This development indicates a significant investment and interest in Monadelphous by a major financial entity, which could impact the company’s market position and stakeholder interests.

The most recent analyst rating on (AU:MND) stock is a Buy with a A$15.93 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.

State Street Corporation Ceases Substantial Holding in Monadelphous Group
May 20, 2025

Monadelphous Group Limited has announced that State Street Corporation and its subsidiaries have ceased to be substantial holders in the company as of May 16, 2025. This change in substantial holding could potentially impact the company’s shareholder structure and influence in the market, as State Street Corporation is a significant player in the financial services industry.

The most recent analyst rating on (AU:MND) stock is a Buy with a A$15.93 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.

Monadelphous Secures $180 Million in New Contracts Across Key Sectors
May 15, 2025

Monadelphous Group Limited announced the award of new contracts valued at approximately $180 million in the resources, energy, and infrastructure sectors. These contracts include a 5-year agreement for marine structural integrity works at Rio Tinto’s Cape Lambert Hub, an upgrade project at Fortescue’s Thomas Marshalling Yard, and multidisciplinary services for Woodside Energy’s Scarborough Gas Field project. Additionally, Monadelphous’ civil business, Melchor, secured a construction contract with Mid West Ports for the Geraldton Port Maximisation Project. These contracts are expected to enhance Monadelphous’ market positioning and operational capabilities in key sectors.

The most recent analyst rating on (AU:MND) stock is a Buy with a A$15.93 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.

Monadelphous Acquires High Energy Service to Boost Energy Transition Efforts
Apr 28, 2025

Monadelphous Group Limited has announced its agreement to acquire High Energy Service, a Perth-based high voltage services business, for $21.5 million. This acquisition aligns with Monadelphous’ strategic goals to enhance its capabilities in supporting Australia’s energy transition, particularly in the electricity generation and infrastructure sectors. The transaction is expected to be completed by July 2025, potentially strengthening Monadelphous’ position in the market and expanding its service offerings to major resources companies, especially within the iron ore sector.

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.Date of analysis: Jun 05, 2025