MaxiPARTS Limited (MXI) AI Stock Analysis

• Market Cap: AU$129.19M
• Dividend Yield: 2.41%
• Average Volume (3M): 21.55K
• Price to Earnings (P/E): 21.1
• Beta (1Y): -0.04
• Revenue Growth: 25.55%
• EPS Growth: 135.68%
• Country: AU
• Employees: 786
• Sector: Industrials
• Sector Strength: 88
• Industry: Agricultural - Machinery
• EPS (TTM): 0.11
• Shares Outstanding: 55,444,830
• 10 Day Avg. Volume: 24,286
• 30 Day Avg. Volume: 21,550
• PEG Ratio: 0.12
• Price to Book (P/B): 0.98
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 7.55
• 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$2.55
• Price Target Upside: 9.44% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 68 Neutral
• Price Target: AU$2.50 ▲(7.30%Upside)

MaxiPARTS Limited shows strong technical momentum, which is the most significant factor driving the score. Financial performance indicates solid revenue growth but highlights concerns regarding net profitability and cash flow management, which weigh on the score. Valuation concerns are balanced by a reasonable dividend yield. The absence of recent earnings call data and corporate events has no impact on this evaluation.

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 Limited generates revenue primarily through the sale of truck and trailer parts and accessories. The company's key revenue streams include direct sales to customers through its extensive network of retail outlets and an online platform, catering to both individual and commercial clients. Additionally, MaxiPARTS partners with manufacturers and suppliers to source a wide array of products, ensuring competitive pricing and quality offerings. The company also benefits from its service agreements and relationships with transport operators and fleet owners, contributing to a steady stream of repeat business and long-term contracts.

MaxiPARTS Limited Financial Statement Overview

Summary

MaxiPARTS Limited demonstrates strong revenue growth and operational efficiency, evidenced by robust revenue growth and healthy margins. However, net profitability and free cash flow generation need attention to enhance financial stability. The balance sheet shows a balanced capital structure but could improve in terms of equity returns. The company should focus on improving net income and optimizing cash flow management to sustain growth.

Income Statement

MaxiPARTS Limited has shown a solid increase in total revenue over the past year, with a revenue growth rate of 20.93%. The gross profit margin stands at 32.41%, indicating a strong ability to cover costs of goods sold. However, the net profit margin is relatively low at 1.13%, suggesting challenges in translating revenue to net income. The EBIT margin of 14.70% and EBITDA margin of 6.41% are indicative of good operational efficiency but highlight a need to improve net profitability.

Balance Sheet

The company's debt-to-equity ratio is 0.68, reflecting a moderate leverage level, which is manageable. The return on equity (ROE) is 2.76%, indicating modest returns on shareholders' equity. With an equity ratio of 47.15%, the company has a stable capital structure, although there is room for improvement in maximizing shareholder returns.

Cash Flow

MaxiPARTS Limited's free cash flow decreased by 31.39% year-on-year, which is concerning. The operating cash flow to net income ratio is 3.85, showing strong cash generation ability compared to net income, yet the free cash flow to net income ratio is 3.34, suggesting potential inefficiencies in capital management. Overall, the cash flow position is stable but could benefit from better capital allocation strategies.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
269.06M	243.88M	201.68M	152.77M	114.59M	112.75M
	Gross Profit
59.65M	79.03M	22.32M	16.86M	14.24M	14.32M
	EBIT
27.80M	13.53M	12.93M	14.62M	5.33M	4.50M
	EBITDA
18.37M	20.22M	18.14M	13.31M	14.54M	8.68M
	Net Income Common Stockholders
6.09M	2.77M	5.94M	-1.31M	4.58M	-35.49M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
14.60M	13.63M	13.95M	11.85M	22.44M	25.52M
	Total Assets
208.11M	212.27M	173.26M	145.63M	241.15M	221.54M
	Total Debt
62.60M	68.16M	49.75M	34.47M	34.89M	84.70M
	Net Debt
48.00M	54.54M	35.80M	22.62M	12.45M	59.17M
	Total Liabilities
104.52M	110.29M	88.37M	66.07M	158.65M	143.46M
	Stockholders Equity
102.80M	100.08M	83.42M	79.56M	82.50M	78.08M
Cash Flow		Free Cash Flow
15.20M	9.24M	13.47M	-12.17M	27.26M	28.28M
	Operating Cash Flow
16.24M	10.64M	15.07M	-11.35M	34.45M	33.63M
	Investing Cash Flow
1.32M	-32.39M	-10.55M	10.89M	-7.19M	-5.29M
	Financing Cash Flow
-14.99M	21.43M	-2.42M	-10.13M	-30.34M	-14.74M

MaxiPARTS Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.33
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 Positive. The current price of 2.33 is above the 20-day moving average (MA) of 2.20, above the 50-day MA of 2.11, and above the 200-day MA of 1.91, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 64.26 is Neutral, neither overbought nor oversold. The STOCH value of 66.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MXI.

MaxiPARTS Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MXI	68 Neutral	AU$129.19M	21.12	6.97%	2.41%	25.55%	135.68%
Sector *	66 Neutral	$4.51B	12.29	5.40%	3.67%	4.15%	-12.21%
ARBFF		$1.71B	25.20	15.18%	2.22%	―	―
WN6		€7.71B	49.23	8.51%	2.30%	―	―
0BS		€992.98M	―	-16.06%	2.88%	―	―
AMA	60 Neutral	AU$502.17M	525.00	1.53%	―	-1.09%	―
SGF	53 Neutral	$1.22B	14.00	15.27%	5.42%	8.61%	8.16%

MaxiPARTS Limited Corporate Events

MaxiPARTS Announces Director Departure

MaxiPARTS Limited has announced the cessation of Brendan York as a director, effective June 11, 2025. This update, provided under ASX listing rule 3.19A.3, indicates that Brendan York holds no relevant interests in securities as a registered holder or otherwise, and has no interests in contracts, marking a clean exit from his directorial position.

The most recent analyst rating on (AU:MXI) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on MaxiPARTS Limited stock, see the AU:MXI Stock Forecast page.

MaxiPARTS Announces Director Resignation

MaxiPARTS Limited has announced the resignation of Brendan York as a Non-Executive Director, effective June 11, 2025. York, representing a significant shareholder, Naos Asset Management Ltd, is stepping down, and the company has expressed gratitude for his contributions, potentially impacting its governance dynamics.

MaxiPARTS Limited Announces Change in Substantial Shareholder Interests

MaxiPARTS Limited has announced a change in the interests of a substantial holder, NAOS Asset Management Limited, in the company’s shares. The voting power of NAOS Asset Management has increased from 19.90% to 21.76%, indicating a significant shift in shareholder dynamics. This change may impact the company’s strategic decisions and influence its market positioning.

MaxiPARTS Limited Announces Quotation of New Securities

MaxiPARTS Limited has announced the quotation of 128,442 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code MXI. This move is part of a dividend or distribution plan, and it is expected to enhance the company’s market presence and provide additional value to its stakeholders.

MaxiPARTS Limited Issues Shares Under Dividend Reinvestment Plan

MaxiPARTS Limited has issued 128,442 fully paid ordinary shares under its Dividend Reinvestment Plan, as announced on 20 March 2025. This issuance was conducted without disclosure to investors under the Corporations Act, and the company confirms compliance with relevant legal provisions, indicating no excluded information is required to be disclosed.

MaxiPARTS Limited Confirms DRP Price for Dividend Distribution

MaxiPARTS Limited has announced an update regarding its dividend distribution, confirming a Dividend Reinvestment Plan (DRP) price of AUD 1.95. This update pertains to a dividend related to the six-month period ending December 31, 2024, with a record date of February 27, 2025. The announcement is significant for stakeholders as it provides clarity on the financial returns and investment opportunities associated with the company’s ordinary fully paid securities.