MaxiPARTS Limited (MXI) AI Stock Analysis

• Market Cap: AU$125.53M
• Dividend Yield: 2.65%
• Average Volume (3M): 9.09K
• Price to Earnings (P/E): 16.2
• Beta (1Y): -0.21
• Revenue Growth: 9.53%
• EPS Growth: 173.53%
• Country: AU
• Employees: 786
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Agricultural - Machinery
• EPS (TTM): 0.08
• Shares Outstanding: 55,544,563
• 10 Day Avg. Volume: 11,439
• 30 Day Avg. Volume: 9,090
• PEG Ratio: 0.10
• Price to Book (P/B): 1.20
• Price to Sales (P/S): 0.47
• P/FCF Ratio: 7.83
• 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: AU$2.95
• Price Target Upside: 30.53% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: AU$2.50 ▲(10.62% Upside)

MaxiPARTS Limited's overall stock score is driven by its stable financial performance and reasonable valuation. While the technical analysis suggests a neutral trend, the company's strong gross profit margins and balanced capital structure are positive factors. The lack of significant earnings call data and corporate events limits additional insights.

Positive Factors

Gross Profit Margins

Strong gross profit margins indicate efficient cost management, allowing MaxiPARTS to maintain profitability and competitive pricing.

Cash Flow Generation

Improved cash generation supports operational and strategic initiatives, providing financial flexibility for future investments and growth.

Balanced Capital Structure

A balanced capital structure with moderate leverage enhances financial stability and reduces risk, supporting long-term sustainability.

Negative Factors

Net Profit Margin

Low net profit margins indicate challenges in converting revenue into profit, which could impact future profitability and shareholder returns.

Revenue Growth Challenges

Negative revenue growth suggests potential market challenges or competitive pressures, which may affect future expansion and market share.

Operating Cash Flow

A low operating cash flow to net income ratio indicates that not all net income is being converted into cash, potentially limiting liquidity.

MaxiPARTS Limited Business Overview & Revenue Model

Company Description

MaxiPARTS Limited, together with its subsidiaries, distributes and sells commercial truck and trailer parts in Australia. It sells, wholesales, and trades in commercial vehicle parts to road transport operators, as well as commercial vehicle service and repair providers under the MaxiPARTS brand. The company offers lights, tools, oil and filters, axles, suspensions, and brakes; and approximately 10,000 truck and trailer parts online. As of June 30, 2022, it operated 28 sites. The company was formerly known as MaxiTRANS Industries Limited and changed its name to MaxiPARTS Limited in September 2021. MaxiPARTS Limited was founded in 1946 and is headquartered in Truganina, Australia.

How the Company Makes Money

MaxiPARTS generates revenue primarily through the sale of aftermarket parts and accessories to the transport and heavy vehicle market. Their revenue model is built on a combination of direct sales through retail outlets and online platforms, as well as wholesale distribution to various commercial clients. Key revenue streams include the sales of essential vehicle components, which are in high demand due to ongoing maintenance needs and the expansion of the transport sector. Additionally, the company may benefit from partnerships with manufacturers and suppliers, which can enhance their product offerings and market reach. Factors contributing to earnings include market demand, efficient supply chain management, and a strong focus on customer service to foster repeat business.

MaxiPARTS Limited Financial Statement Overview

Summary

MaxiPARTS Limited shows a stable financial position with strong gross profit margins and a balanced capital structure. However, challenges in revenue growth and net profit conversion highlight areas for improvement. The company maintains a solid cash flow position, supporting its operational and strategic initiatives.

Income Statement

MaxiPARTS Limited shows a mixed performance in its income statement. The company has a healthy gross profit margin of 33.59% for 2025, indicating efficient cost management. However, the net profit margin is relatively low at 2.89%, suggesting challenges in converting revenue into profit. Revenue growth has been negative in 2025, following a strong growth in previous years, which could be a concern for future profitability. EBIT and EBITDA margins are moderate, reflecting stable operational efficiency.

Balance Sheet

The balance sheet of MaxiPARTS Limited is relatively strong with a debt-to-equity ratio of 0.60, indicating a balanced approach to leveraging. The return on equity is modest at 7.33%, showing decent profitability relative to shareholder investments. The equity ratio stands at 50%, suggesting a solid capital structure with a good proportion of assets financed by equity.

Cash Flow

Cash flow analysis reveals a positive trajectory with a free cash flow growth rate of 6.47% in 2025, indicating improved cash generation. The operating cash flow to net income ratio is 0.33, which is relatively low, suggesting that not all net income is being converted into cash. However, the free cash flow to net income ratio is high at 0.94, reflecting strong cash flow relative to net earnings.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	267.13M	267.13M	243.88M	201.68M	152.77M	114.59M
Gross Profit	60.58M	89.74M	79.03M	22.32M	43.88M	14.24M
EBITDA	26.92M	25.43M	13.24M	18.14M	12.22M	14.54M
Net Income	7.72M	7.72M	2.77M	5.94M	-4.93M	4.58M
Balance Sheet
Total Assets	210.63M	210.63M	212.27M	173.26M	145.63M	241.15M
Cash, Cash Equivalents and Short-Term Investments	15.32M	15.32M	13.63M	13.95M	11.85M	22.44M
Total Debt	62.66M	62.66M	68.16M	49.75M	34.47M	34.89M
Total Liabilities	105.34M	105.34M	110.29M	88.37M	66.07M	158.65M
Stockholders Equity	105.29M	105.29M	100.08M	83.42M	79.56M	82.50M
Cash Flow
Free Cash Flow	16.18M	16.18M	9.24M	13.47M	-12.17M	27.26M
Operating Cash Flow	17.28M	17.28M	10.64M	15.07M	-11.35M	34.45M
Investing Cash Flow	1.23M	1.23M	-32.39M	-10.55M	10.89M	-7.19M
Financing Cash Flow	-16.82M	-16.82M	21.43M	-2.42M	-10.13M	-30.34M

MaxiPARTS Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.26
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MXI, the sentiment is Neutral. The current price of 2.26 is below the 20-day moving average (MA) of 2.35, below the 50-day MA of 2.37, and below the 200-day MA of 2.26, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 48.00 is Neutral, neither overbought nor oversold. The STOCH value of 27.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:MXI.

MaxiPARTS Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KOV	79 Outperform	AU$164.95M	12.45	23.03%	4.48%	16.21%	18.21%
CLX	71 Outperform	AU$182.42M	12.40	11.37%	4.59%	1.33%	-11.07%
SGI	66 Neutral	AU$208.63M	53.04	12.33%	0.74%	24.67%	96.27%
MXI	66 Neutral	AU$125.53M	16.20	8.32%	2.65%	9.53%	173.53%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SLH	60 Neutral	―	―	―	―	11.01%	-106.43%
CYG	49 Neutral	AU$78.57M	-2.34	-23.25%	―	-1.58%	-3756.06%

MaxiPARTS Limited Corporate Events

MaxiPARTS Limited Announces Board Change

MaxiPARTS Limited has announced a change in its board of directors, with Debra Stirling ceasing to be a director as of November 20, 2025. This change is part of the company’s regular updates to the ASX regarding director interests and is not expected to have any immediate impact on the company’s operations or strategic direction.

MaxiPARTS Limited AGM Results Indicate Strong Shareholder Support

MaxiPARTS Limited held its Annual General Meeting on 20 November 2025, where all resolutions were carried with a significant majority. This outcome reflects strong shareholder support for the company’s strategic direction and governance, potentially reinforcing its position in the competitive road transport industry.

MaxiPARTS Limited’s 2025 AGM Highlights Strategic Initiatives

MaxiPARTS Limited held its 2025 Annual General Meeting where key addresses and presentations were delivered by the Chairman and Managing Director. The meeting highlighted the company’s strategic initiatives and operational updates, which are crucial for its stakeholders and may influence its market positioning.

MaxiPARTS Limited Releases 2025 Corporate Governance Statement

MaxiPARTS Limited has released its corporate governance statement for the financial year ending 30 June 2025, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, ensuring transparency and accountability in their operations. This release highlights MaxiPARTS Limited’s commitment to maintaining robust governance practices, which is crucial for its stakeholders and enhances its positioning within the industry.

MaxiPARTS Limited Announces 2025 Annual General Meeting Agenda

MaxiPARTS Limited has announced its 2025 Annual General Meeting, scheduled for November 20, 2025, in Truganina, Victoria. Key agenda items include reviewing financial statements, adopting the remuneration report, and re-electing directors Mary Verschuer and Vincent De Santis. Additionally, the meeting will consider granting performance rights to the Managing Director and CEO, Peter Loimaranta. These decisions are crucial for the company’s governance and strategic direction, potentially impacting its market positioning and stakeholder interests.

MaxiPARTS Limited Releases FY25 Annual Report

MaxiPARTS Limited has released its annual report for the fiscal year 2025, highlighting its ongoing commitment to diversity, equity, and inclusion, as well as acknowledging the traditional custodians of the lands in Australia. The report outlines the company’s financial performance and operational summaries, reflecting its strategic focus and market positioning.

MaxiPARTS Announces Director Retirement

MaxiPARTS Limited announced the retirement of Debra Stirling as a director following the 2025 AGM. Stirling, who joined the board in August 2022, played a significant role in overseeing the company’s growth through strategic acquisitions and organic initiatives. Her departure comes as the company has successfully integrated recent acquisitions and is poised for further growth. The board is initiating a process to assess future director appointments.

MaxiPARTS Director’s Shareholding Update

MaxiPARTS Limited has announced a change in the director’s interest notice, specifically concerning Mary Verschuer. The change involves the acquisition of 710 fully paid ordinary shares through a dividend reinvestment plan, increasing her total holdings to 59,264 shares. This update reflects the company’s ongoing shareholder engagement and may impact stakeholder perceptions of director alignment with shareholder interests.

MaxiPARTS Limited Announces Quotation of New Securities

MaxiPARTS Limited has announced the quotation of 99,730 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of September 18, 2025. This move is part of a dividend or distribution plan, potentially enhancing the company’s market presence and providing value to its stakeholders.

MaxiPARTS Issues New Shares Under Dividend Reinvestment Plan

MaxiPARTS Limited has issued 99,730 fully paid ordinary shares under its Dividend Reinvestment Plan without disclosure to investors, in compliance with relevant provisions of the Corporations Act. This move reflects the company’s ongoing commitment to shareholder value and adherence to regulatory requirements, potentially strengthening its market position in the road transport industry.