MaxiPARTS Limited (MXI) AI Stock Analysis

• Market Cap: AU$107.76M
• Dividend Yield: 2.65%
• Average Volume (3M): 9.09K
• Price to Earnings (P/E): 8.5
• Beta (1Y): -0.24
• 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$2.75
• Price Target Upside: 43.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.18
• Revenue Forecast (FY): AU$274.05M

• Rating: 66 Neutral
• Price Target: AU$2.00 ▲(4.17% Upside)
• Action: Reiterated Date: 10/24/25
• Date: Action: Reiterated 10/24/25

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

High gross profit margin

A 33.59% gross profit margin demonstrates durable pricing power and procurement efficiency in the commercial-vehicle aftermarket. Such a structural gross margin buffer helps absorb SG&A and input-cost shocks, supporting reinvestment in distribution, logistics and service capabilities that drive recurring demand.

Balanced capital structure

A debt-to-equity ratio of 0.60 and 50% equity ratio indicate conservative leverage and a solid capital base. This balance gives the company flexibility to fund working capital, targeted branch investment or acquisitions without overreliance on markets, improving resilience through transport-industry cycles.

Strong free cash flow conversion

Positive FCF growth and a FCF-to-net-income ratio near 0.94 show the business reliably generates cash from operations. Structural cash generation supports capex, dividends and inventory funding, reducing external financing needs and enabling continued investment in branch and fulfilment capabilities that underpin recurring sales.

Negative Factors

Low net profit margin

A net margin of 2.89% despite a strong gross margin suggests high operating expenses or other non-operating drains. Low bottom-line profitability limits retained earnings for strategic initiatives, increases sensitivity to cost inflation, and constrains ability to sustainably improve returns to shareholders over time.

Recent revenue decline

Reported negative revenue growth in 2025 signals potential weakening demand, customer churn or competitive pressure in the aftermarket. If revenue contraction persists it can erode scale economics, pressure margins and reduce cash generation, undermining the durability of distribution and service investments.

Weak OCF conversion to income

An OCF-to-net-income ratio of 0.33 indicates earnings are not fully converting into operating cash, possibly due to working-capital build or collections. This reduces short-term liquidity flexibility and raises execution risk: if working-capital trends reverse, cash strain could impair operations despite healthy reported FCF metrics.

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	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	269.55M	267.13M	243.88M	201.68M	152.77M	114.59M
Gross Profit	30.39M	89.74M	79.03M	22.32M	43.88M	14.24M
EBITDA	27.13M	25.43M	13.24M	18.14M	12.22M	14.54M
Net Income	7.64M	7.72M	2.77M	5.94M	-4.93M	4.58M
Balance Sheet
Total Assets	205.06M	210.63M	212.27M	173.26M	145.63M	241.15M
Cash, Cash Equivalents and Short-Term Investments	13.84M	15.32M	13.63M	13.95M	11.85M	22.44M
Total Debt	83.69M	62.66M	68.16M	49.75M	34.47M	34.89M
Total Liabilities	97.45M	105.34M	110.29M	88.37M	66.07M	158.65M
Stockholders Equity	107.60M	105.29M	100.08M	83.42M	79.56M	82.50M
Cash Flow
Free Cash Flow	14.58M	16.18M	9.24M	13.47M	-12.17M	27.26M
Operating Cash Flow	15.95M	17.28M	10.64M	15.07M	-11.35M	34.45M
Investing Cash Flow	-3.36M	1.23M	-32.39M	-10.55M	10.89M	-7.19M
Financing Cash Flow	-13.35M	-16.82M	21.43M	-2.42M	-10.13M	-30.34M

MaxiPARTS Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.92
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MXI, the sentiment is Negative. The current price of 1.92 is below the 20-day moving average (MA) of 2.03, below the 50-day MA of 2.12, and below the 200-day MA of 2.24, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 23.51 is Positive, neither overbought nor oversold. The STOCH value of 10.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$190.39M	7.58	23.03%	4.48%	16.21%	18.21%
CLX	71 Outperform	AU$180.00M	3.47	11.37%	4.59%	1.33%	-11.07%
MXI	66 Neutral	AU$107.76M	8.53	8.32%	2.65%	9.53%	173.53%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SGI	61 Neutral	AU$154.04M	27.44	12.33%	0.74%	24.67%	96.27%
CYG	46 Neutral	AU$63.27M	-1.95	-23.25%	―	-1.58%	-3756.06%

MaxiPARTS Limited Corporate Events

MaxiPARTS director Mary Verschuer increases indirect shareholding

MaxiPARTS Limited has disclosed a change in director Mary Verschuer’s indirect shareholding, following an on‑market purchase of additional fully paid ordinary shares. Through her superannuation fund, held via Verschuer Investments Pty Ltd, her interest increased by 5,002 shares on 4 March 2026, lifting her total indirect holding to 64,266 shares.

The transaction, executed as an on‑market trade at prices between $1.95 and about $2.00 per share, was reported to the ASX in line with director interest notification requirements. The company confirmed that the trades did not occur during a closed trading period, indicating routine portfolio adjustment rather than an exceptional governance event.

The most recent analyst rating on (AU:MXI) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on MaxiPARTS Limited stock, see the AU:MXI Stock Forecast page.

MaxiPARTS sets date for H1 FY26 results and investor briefing

MaxiPARTS Limited will release its financial results for the half year ended 31 December 2025 on 19 February 2026, followed by an investor conference call the next day led by CEO and managing director Peter Loimaranta and CFO Liz Blockley. The scheduled briefing underscores the company’s effort to maintain active engagement with investors and analysts, providing transparency around its trading performance and strategic direction in the competitive road transport parts sector.

The most recent analyst rating on (AU:MXI) stock is a Buy with a A$2.95 price target. To see the full list of analyst forecasts on MaxiPARTS Limited stock, see the AU:MXI Stock Forecast page.

MaxiPARTS Issues 234,804 Performance Rights Under Employee Incentive Plan

MaxiPARTS Limited has notified the market of the issue of 234,804 unquoted performance rights under its employee incentive scheme, with an issue date of 5 February 2026. The grant of these unlisted equity securities is designed to align employee rewards with shareholder value and may influence future dilution levels and staff retention, underscoring the company’s continued use of equity-based remuneration to support its growth objectives.

The performance rights issued will not be quoted on the ASX, reflecting their role as internal incentive instruments rather than tradable securities. This move signals MaxiPARTS’ ongoing commitment to incentivising key personnel through long-term performance-based awards, which can enhance engagement and help maintain a competitive position in the transport parts industry.

The most recent analyst rating on (AU:MXI) stock is a Buy with a A$2.95 price target. To see the full list of analyst forecasts on MaxiPARTS Limited stock, see the AU:MXI Stock Forecast page.