Mustera Property Group Ltd. (MPX) AI Stock Analysis

• Market Cap: AU$20.56M
• Dividend Yield: N/A
• Average Volume (3M): 2.42K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.14
• Revenue Growth: -81.98%
• EPS Growth: -131.34%
• Country: AU
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): >-0.01
• Shares Outstanding: 146,835,130
• 10 Day Avg. Volume: 3,041
• 30 Day Avg. Volume: 2,416
• PEG Ratio: 0.10
• Price to Book (P/B): 1.81
• Price to Sales (P/S): 2.66
• P/FCF Ratio: 4.83
• 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: Moderate Sell
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 38 Underperform
• Price Target: AU$0.13 ▼(-5.71% Downside)

Mustera Property Group Ltd. is facing significant financial and technical challenges. The company's financial performance is weak, with declining revenues and profitability, and liquidity issues. Technically, the stock is in a bearish trend and appears oversold. The valuation is unattractive due to a negative P/E ratio and lack of dividend yield. These factors contribute to a low overall stock score.

Positive Factors

Cash Generation

Strong cash generation supports financial flexibility and investment capacity, enabling Mustera to fund growth initiatives and manage debt effectively.

Management Quality

The promotion of Nicholas Zborowski, with a strong track record, to Managing Director is expected to enhance strategic execution and shareholder value.

Project Development

Advancement in key projects like McCabe Street indicates strong project management and potential future revenue streams, enhancing long-term growth prospects.

Negative Factors

High Leverage

High leverage can strain financial stability and limit flexibility, potentially impacting the company's ability to invest in new opportunities or weather downturns.

Revenue Growth Volatility

Volatile revenue growth and margin fluctuations can lead to unpredictable earnings, affecting investor confidence and strategic planning.

Market Skepticism

Persistent market skepticism, as indicated by technical trends, could hinder stock performance and affect capital raising efforts, impacting long-term growth.

Mustera Property Group Ltd. Business Overview & Revenue Model

Company Description

Mustera Property Group Limited, together with its subsidiaries, operates as a property investment and development company in Australia. The company operates through two segments: Property Investment and Property Development. It provides real estate development platform for residential, commercial, industrial, retail, and mixed-use properties. The company also engages in the fund management activities. Mustera Property Group Limited was incorporated in 2010 and is based in North Fremantle, Australia.

How the Company Makes Money

Mustera Property Group Ltd. generates revenue through multiple streams. The primary revenue model is based on property sales, where the company develops residential and commercial properties and sells them to end-users or investors. Additionally, MPX earns income through leasing commercial spaces to businesses, providing a steady cash flow. The company may also engage in joint ventures or partnerships with other developers or investors, sharing profits from collaborative projects. Furthermore, MPX could potentially benefit from property management services offered to property owners, further diversifying its income sources. Economic trends and local real estate market conditions are significant factors influencing its earnings, along with strategic partnerships that enhance project funding and execution.

Mustera Property Group Ltd. Financial Statement Overview

Summary

Mustera Property Group Ltd. faces significant financial challenges, with declining revenues and profitability, high past leverage, and cash flow issues. Despite improved leverage management, the company needs to address its profitability and cash flow conversion to stabilize its financial position.

Income Statement

Mustera Property Group Ltd. has experienced a significant decline in revenue, with a revenue growth rate of -81.69% in the latest year. The company also reported negative net profit and EBIT margins, indicating challenges in profitability. Despite a high gross profit margin of 100%, the overall income statement reflects financial instability and declining performance.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.59 from previous years, suggesting better leverage management. However, the return on equity remains negative, indicating that the company is not generating sufficient returns on shareholders' equity. The equity ratio is relatively stable, but the overall balance sheet reflects moderate financial health with potential risks due to past high leverage.

Cash Flow

Mustera Property Group Ltd. has seen a significant decline in free cash flow growth, down by 86.87%. The operating cash flow to net income ratio is zero, indicating challenges in converting income into cash. While the free cash flow to net income ratio is positive, the overall cash flow statement suggests liquidity issues and a need for improved cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	12.39M	12.39M	68.76M	2.25M	3.73M	5.35M
Gross Profit	12.39M	12.39M	14.35M	476.00K	644.66K	284.61K
EBITDA	153.25K	153.25K	13.85M	-2.04M	-182.94K	-1.30M
Net Income	-2.60M	-2.60M	8.31M	-5.75M	-2.23M	-2.41M
Balance Sheet
Total Assets	44.18M	44.18M	58.60M	81.25M	53.64M	42.03M
Cash, Cash Equivalents and Short-Term Investments	686.67K	686.67K	6.73M	1.09M	894.67K	421.45K
Total Debt	10.78M	10.78M	30.55M	58.05M	31.04M	21.58M
Total Liabilities	26.02M	26.02M	37.84M	68.19M	35.95M	28.51M
Stockholders Equity	18.16M	18.16M	20.76M	13.06M	17.70M	13.34M
Cash Flow
Free Cash Flow	6.82M	6.82M	33.48M	-25.18M	-13.47M	956.73K
Operating Cash Flow	6.82M	6.82M	33.85M	-25.18M	-13.47M	1.16M
Investing Cash Flow	-10.24K	-10.24K	-507.63K	-550.16K	-2.14M	-2.35M
Financing Cash Flow	-12.85M	-12.85M	-27.69M	25.92M	16.08M	1.32M

Mustera Property Group Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.14
• 50DMA: Neutral
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MPX, the sentiment is Negative. The current price of 0.14 is equal to the 20-day moving average (MA) of 0.14, equal to the 50-day MA of 0.14, and below the 200-day MA of 0.19, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 8.77 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MPX.

Mustera Property Group Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
TIA	56 Neutral	AU$27.71M	1.63	―	―	19660.25%	204.50%
HGL	51 Neutral	―	―	―	―	4.40%	28.57%
DGH	50 Neutral	AU$34.77M	10.48	4.87%	―	3.56%	101.74%
MPX	38 Underperform	AU$20.56M	-7.87	-13.36%	―	-81.98%	-131.34%
LHM	33 Underperform	―	―	―	―	―	―

Mustera Property Group Ltd. Corporate Events

Mustera Property Group Announces Director’s Interest Change

Mustera Property Group Ltd has announced a change in the director’s interest, specifically regarding Nicholas Zborowski. The change involves the expiry of 1,000,000 vested Performance Rights that were not exercised, leaving the director’s indirect interest unchanged in terms of shares held. This update reflects internal adjustments in the company’s management of director interests, potentially impacting the company’s governance and stakeholder confidence.

Mustera Property Group Ltd. Announces Quotation of New Securities

Mustera Property Group Ltd. announced the quotation of 600,000 fully paid ordinary securities on the ASX, effective November 28, 2025. This move is part of the company’s strategy to leverage market opportunities and potentially enhance its financial position, impacting stakeholders by increasing the liquidity of its shares.

Mustera Property Group Ltd Announces Successful AGM Results

Mustera Property Group Ltd announced the results of its 2025 Annual General Meeting, where all resolutions were carried by a poll. The resolutions included the adoption of the remuneration report, the re-election of Mr. Anthony Ho as a director, and the approval of a 10% additional placement facility, reflecting strong shareholder support and potentially enhancing the company’s financial flexibility.

Mustera Property Group Advances Key Projects and Strengthens Financial Position

Mustera Property Group Ltd reported significant progress in its development projects during the September 2025 quarter. The company finalized design and marketing efforts for the Verse on McCabe project, resulting in $10.2 million in sales under contract. Additionally, it settled a $3.5 million sale at Forbes Residences, with further sales contracts totaling $5.4 million for remaining apartments. Financially, the company managed to refinance existing debt, reducing financing costs, and secured a $3 million loan to support ongoing development activities.

Mustera Property Group Announces 2025 AGM Details

Mustera Property Group Ltd has announced that its 2025 Annual General Meeting will be held on November 27, 2025, in North Fremantle, Western Australia. Shareholders are encouraged to participate by submitting proxy votes online or via mail, with all resolutions to be decided by poll. The company has opted for electronic distribution of meeting notices, aligning with modern corporate practices, and aims to ensure shareholder engagement through accessible voting options.

Mustera Property Group Ltd Announces 2025 Annual General Meeting

Mustera Property Group Ltd has announced that its 2025 Annual General Meeting will be held on Thursday, 27 November 2025. The company has set a deadline for director nominations, which must be submitted by Monday, 22 September 2025. This meeting is a significant event for stakeholders as it will address important company matters and potentially introduce new leadership.