Mustera Property Group Ltd. (MPX) AI Stock Analysis

• Market Cap: AU$19.82M
• Dividend Yield: N/A
• Average Volume (3M): 2.42K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.02
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 38 Underperform
• Price Target: AU$0.11 ▼(-19.29% 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

Improved Leverage Management

A lower debt-to-equity ratio reduces refinancing and liquidity risk, giving Mustera more financial flexibility to manage development cycles and absorb shocks. Sustained lower leverage supports investment in projects and reduces interest burden over the next several quarters.

Strong Gross Profit Margin

An elevated gross margin suggests the firm's underlying project economics or asset realization are strong before overhead. If maintained, this provides a durable buffer to recover operating profitability as revenue stabilizes and supports margin restoration over multiple reporting periods.

Positive Free Cash Flow to Net Income Ratio

A positive free cash flow to net income ratio indicates some ability to convert accounting results into cash. Even amid declines, this structural cash conversion helps fund operations and reduces reliance on external financing if the company can sustain or improve it.

Negative Factors

Severe Revenue Decline

An ~82% revenue decline reflects a material contraction in core activity, undermining scale, recurring cash generation, and asset utilization. Such a structural sales collapse pressures fixed-cost absorption and makes multi-quarter recovery more challenging without new contracts or projects.

Deteriorated Cash Generation

A near 87% fall in free cash flow and zero conversion of net income to operating cash point to acute liquidity stress. This impairs the company’s ability to fund development, meet obligations, and service debt, raising solvency and financing risks over the medium term.

Negative Return on Equity

A persistently negative ROE signals that invested capital is not generating shareholder returns, reflecting poor capital allocation or unprofitable projects. Over several quarters this undermines resource attraction, weakens equity resilience, and questions long‑term value creation.

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MPX, the sentiment is Positive. The current price of 0.14 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.14, and below the 200-day MA of 0.18, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.35 is Neutral, neither overbought nor oversold. The STOCH value of 52.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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%
DGH	53 Neutral	AU$34.77M	10.48	4.87%	―	3.56%	101.74%
MPX	38 Underperform	AU$19.82M	-7.58	-13.36%	―	-81.98%	-131.34%

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.

The most recent analyst rating on (AU:MPX) stock is a Sell with a A$0.13 price target. To see the full list of analyst forecasts on Mustera Property Group Ltd. stock, see the AU:MPX Stock Forecast page.

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.

The most recent analyst rating on (AU:MPX) stock is a Sell with a A$0.13 price target. To see the full list of analyst forecasts on Mustera Property Group Ltd. stock, see the AU:MPX Stock Forecast page.

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.

The most recent analyst rating on (AU:MPX) stock is a Sell with a A$0.13 price target. To see the full list of analyst forecasts on Mustera Property Group Ltd. stock, see the AU:MPX Stock Forecast page.

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.