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Monadelphous Group Limited
(Sydney:MND)
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Rating:62Neutral
Price Target:
AU$30.00
â–²(3.09% Upside)
Action:Reiterated
Date:07/03/26
The score is driven primarily by stable financial performance and a strong balance sheet (low leverage and healthy ROE), offset by weaker cash flow trends. Technical signals are cautious with the stock trading below key moving averages, while valuation is middling with a higher P/E partially supported by a 3% dividend yield.
Positive Factors
Low leverage & strong ROE
Very low leverage and a 16.8% ROE give Monadelphous durable financial flexibility. Reduced debt lowers financing risk on multi-year projects, supports bid bonding and counterparty confidence, and preserves capacity to fund capex, dividends or M&A without stressing the balance sheet.
Negative Factors
Declining operating cash flow & negative FCF growth
Falling operating cash flow and negative FCF growth can constrain the company's ability to invest in capacity, meet contractual mobilisation costs, or sustain dividends without drawing on reserves. Over several months this can tighten liquidity during large project cycles or shutdown peaks.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage & strong ROE
Very low leverage and a 16.8% ROE give Monadelphous durable financial flexibility. Reduced debt lowers financing risk on multi-year projects, supports bid bonding and counterparty confidence, and preserves capacity to fund capex, dividends or M&A without stressing the balance sheet.
Read all positive factors
Monadelphous Group Limited (MND) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.86B
Dividend Yield2.96%
Average Volume (3M)221.51K
Price to Earnings (P/E)27.4
Beta (1Y)1.04
Revenue Growth26.80%
EPS Growth40.18%
CountryAU
Employees7,375
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)1.07
Shares Outstanding100,522,610
10 Day Avg. Volume172,456
30 Day Avg. Volume221,508
Financial Highlights & Ratios
PEG Ratio0.59
Price to Book (P/B)3.51
Price to Sales (P/S)0.81
P/FCF Ratio26.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$29.53Price Target Upside1.46% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)1.27
Revenue Forecast (FY)AU$2.99B
Monadelphous Group Limited Business Overview & Revenue Model
Company Description
Monadelphous Group Limited, an engineering group, provides construction, maintenance, and industrial services to resources, energy, and infrastructure sectors in Australia, China, Mongolia, Papua New Guinea, China, Vietnam, the Philippines, and in...
How the Company Makes Money
Monadelphous makes money by contracting with asset owners (e.g., mining and energy producers and infrastructure operators) to deliver project-based and recurring industrial services, earning revenue from service fees under negotiated contracts. It...
Monadelphous Group Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.57B | 2.16B | 2.01B | 1.72B | 1.81B | 1.75B |
| Gross Profit | 193.05M | 163.13M | 135.77M | 118.66M | 122.51M | 112.17M |
| EBITDA | 161.72M | 128.11M | 132.82M | 108.59M | 109.31M | 103.36M |
| Net Income | 106.09M | 83.72M | 62.20M | 53.54M | 52.22M | 47.06M |
Balance Sheet | ||||||
| Total Assets | 1.12B | 1.01B | 887.36M | 768.17M | 791.36M | 777.07M |
| Cash, Cash Equivalents and Short-Term Investments | 322.01M | 205.83M | 225.86M | 178.32M | 183.33M | 175.71M |
| Total Debt | 106.02M | 80.30M | 94.24M | 88.73M | 109.48M | 97.59M |
| Total Liabilities | 573.65M | 507.39M | 421.77M | 330.20M | 379.18M | 381.49M |
| Stockholders Equity | 548.91M | 497.84M | 465.59M | 437.98M | 412.18M | 395.57M |
Cash Flow | ||||||
| Free Cash Flow | 128.33M | 67.16M | 98.86M | 74.25M | 55.02M | 18.54M |
| Operating Cash Flow | 159.08M | 81.04M | 187.74M | 93.29M | 64.87M | 26.73M |
| Investing Cash Flow | -8.88M | -9.40M | -87.82M | -32.26M | -3.18M | -2.98M |
| Financing Cash Flow | -95.33M | -89.87M | -49.98M | -66.68M | -54.59M | -54.33M |
Monadelphous Group Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | AU$936.59M | 32.76 | 42.55% | 4.50% | -16.50% | -24.00% | |
69 Neutral | AU$2.04B | 37.05 | 13.26% | 1.73% | 22.85% | 30.32% | |
66 Neutral | AU$1.78B | 23.62 | 8.79% | 1.31% | 34.24% | 1.87% | |
64 Neutral | AU$3.16B | 65.12 | 7.79% | 3.20% | 14.40% | -57.82% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | AU$2.86B | 27.36 | 20.27% | 2.98% | 26.80% | 40.18% | |
60 Neutral | AU$5.11B | 32.42 | 7.97% | 3.39% | -4.99% | 120.98% |
* Industrials Sector Average
AU:MND
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Monadelphous Group Limited Corporate Events
Monadelphous cancels 11,236 performance rights after vesting conditions lapse
Jul 1, 2026
Monadelphous Group Limited has notified the market of changes to its issued capital, following the lapse of a tranche of employee performance rights. The company reported that 11,236 MNDAE performance rights ceased on June 30, 2026 because the con...
Monadelphous MD Increases Shareholding Through Performance Rights Vesting
Jul 1, 2026
Monadelphous Group Limited has disclosed a change in the interests of Managing Director Zoran Bebic, reflecting the vesting and exercise of performance rights into ordinary shares. Following the transaction on 1 July 2026, Bebic’s indirect h...
Monadelphous to List 429,648 New Ordinary Shares on ASX
Jul 1, 2026
Monadelphous Group Limited has applied for the quotation of 429,648 fully paid ordinary shares on the Australian Securities Exchange. The new securities, issued on July 1, 2026, expand the company’s listed share base and reflect the conversi...
Monadelphous Wins Over $200m in New Resources and Energy Contracts
Jun 30, 2026
Monadelphous Group Limited has announced new construction and maintenance contracts in the resources and energy sectors worth more than $200 million, reinforcing its role as a key engineering services provider. The awards span wind power, gas, and...
Monadelphous Wins $380m CS Energy Contract for Brigalow Peaking Plant
Jun 4, 2026
Monadelphous Group Limited has secured a major $380 million contract from CS Energy to deliver balance-of-plant construction and install 12 aeroderivative gas turbine generator units for the Brigalow Peaking Power Plant near Chinchilla, Queensland...
Monadelphous wins $120m in new resources and renewable contracts
May 22, 2026
Monadelphous Group Limited has secured a suite of new construction and maintenance contracts in the resources and renewable energy sectors worth about $120 million, reinforcing its role as a major service provider to leading miners. The wins inclu...
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.