Metarock Group Limited (MYE) AI Stock Analysis

• Market Cap: AU$57.10M
• Dividend Yield: 3.7%
• Average Volume (3M): 100.45K
• Price to Earnings (P/E): 6.7
• Beta (1Y): 1.06
• Revenue Growth: -27.31%
• EPS Growth: -93.93%
• Country: AU
• Employees: 654
• Sector: Energy
• Sector Strength: 52
• Industry: Coal
• EPS (TTM): <0.01
• Shares Outstanding: 308,648,220
• 10 Day Avg. Volume: 47,759
• 30 Day Avg. Volume: 100,452
• PEG Ratio: -0.30
• Price to Book (P/B): 0.67
• Price to Sales (P/S): 0.23
• P/FCF Ratio: 3.77
• 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: 48 Neutral
• Price Target: AU$0.17 ▲(20.00% Upside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

The score is held back primarily by weak profitability and a sharp deterioration in free cash flow, despite strong revenue growth and a low-leverage balance sheet. Technicals are supportive but appear overbought, while valuation is a headwind due to a high P/E that is not well-supported by current margins and cash flow trends.

Positive Factors

Revenue Growth

Sustained revenue growth near 20% indicates lasting market demand and scale expansion in the company's core coal operations. Over 2-6 months this top-line momentum can fund margin-improvement initiatives, support contract leverage and provide a base for operational efficiencies to compound.

Low Leverage

A very low debt-to-equity ratio signals conservative financial policy and strong balance sheet flexibility. This reduces refinancing and interest-rate risk, preserves capacity for capital expenditure or opportunistic M&A, and helps the business endure commodity cycles without forced asset sales.

Cash Conversion Rate

A FCF-to-net-income ratio around 0.77 shows the company typically converts most reported earnings into cash. Over the medium term this structural cash conversion supports reinvestment, dividend coverage or debt reduction even if earnings volatility persists, underpinning financial resilience.

Negative Factors

Thin Profitability

Very low gross and net margins leave minimal operating buffer and make earnings highly sensitive to cost inflation, transportation or input-price swings. Structurally thin profitability restricts retained earnings, limits investment capacity and hampers sustainable shareholder returns absent margin recovery.

Deteriorating Free Cash Flow

A steep fall in free cash flow growth is a durable red flag: declining cash generation constrains capital allocation, reduces ability to fund capex or dividends, and increases vulnerability to downturns. Persistent FCF weakness can force strategic trade-offs and raise financing needs.

Low Return on Equity

ROE near 2.3% indicates shareholder capital is delivering very modest returns, reflecting either low margins or capital inefficiency. Over time this limits the company's capacity to attract investment, fund growth internally, and generate compounding shareholder value without a step-change in profitability.

Metarock Group Limited Business Overview & Revenue Model

Company Description

Metarock Group Limited provides mining, contracting, training, and related services to the underground long wall mining operations and industrial products and services in coalfields and supporting industries of Queensland and New South Wales, Australia. The company offers various mining services, which include new mine development, mine operation, training, roadway construction, conveyors, longwall relocations, and application of polymeric strata support. It also provides cable hanging bracket; chemicals products, which include geosorb, quick drive cement, road salt, and safemark paint; conveyor consumables; and dewatering products such as snorebox, strainers, and suction strainer. In addition, the company offers droppers and streamers; dusters; mining safety accessories such as cable hanging crook, lifelines, measuring sticks; nuts and pipe hanging brackets; pogos and snapjacks; props and rollers; shouldered pipe and manifolds; and ventilation, visi-clips, and webbing straps. Metarock Group Limited was formerly known as Mastermyne Group Limited and changed its name to Metarock Group Limited in November 2021. The company was founded in 1996 and is headquartered in Mackay, Australia.

How the Company Makes Money

Metarock Group Limited generates revenue through multiple streams centered around its core mining services. The primary source of income is from contracts with mining companies for the provision of underground mining services, which include mine development, production, and maintenance operations. Contracts can vary in length and scope, providing a steady income based on project milestones and completion. Additionally, Metarock earns revenue by leasing specialized mining equipment to clients who require temporary resources to support their operations. The company's earnings are further supported by strategic partnerships and long-term agreements with key players in the mining industry, ensuring a reliable demand for its services. These partnerships often involve collaborative projects that enhance Metarock's capabilities and market presence, contributing to sustained business growth.

Metarock Group Limited Financial Statement Overview

Summary

Financials are mixed: strong revenue growth (19.74%) is offset by very thin profitability (gross margin 6.35%, net margin 0.80%) and weak cash flow momentum (free cash flow growth -65.23%). The balance sheet is a stabilizer with very low leverage (debt-to-equity 0.07), but returns remain low (ROE 2.32%).

Income Statement

The income statement shows a mixed performance. The company experienced a significant revenue growth rate of 19.74% in the most recent year, indicating positive momentum. However, the gross profit margin and net profit margin are relatively low at 6.35% and 0.80%, respectively, suggesting challenges in cost management and profitability. The EBIT and EBITDA margins are also modest, reflecting operational inefficiencies.

Balance Sheet

The balance sheet indicates a stable financial position with a low debt-to-equity ratio of 0.07, which suggests conservative leverage. However, the return on equity is low at 2.32%, indicating limited profitability relative to shareholder equity. The equity ratio is not provided, but the overall stability is supported by a solid stockholders' equity base.

Cash Flow

Cash flow analysis reveals a concerning trend with a significant decline in free cash flow growth of -65.23%. The operating cash flow to net income ratio is 0.57, indicating moderate cash generation relative to net income. The free cash flow to net income ratio is relatively strong at 0.77, but the overall cash flow performance is weakened by the negative growth trend.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	204.10M	213.82M	294.39M	514.21M	452.70M	233.07M
Gross Profit	15.27M	13.58M	234.95M	1.47M	11.00K	17.85M
EBITDA	11.95M	11.73M	31.38M	-38.70M	17.31M	22.30M
Net Income	2.34M	1.71M	39.64M	-74.01M	-12.56M	5.86M
Balance Sheet
Total Assets	113.78M	107.48M	117.95M	226.96M	299.15M	133.83M
Cash, Cash Equivalents and Short-Term Investments	34.06M	30.42M	26.04M	12.90M	5.23M	24.39M
Total Debt	3.86M	5.14M	7.22M	71.93M	101.34M	12.56M
Total Liabilities	37.93M	33.50M	44.37M	194.20M	215.97M	58.65M
Stockholders Equity	75.85M	73.97M	73.58M	32.76M	83.19M	75.18M
Cash Flow
Free Cash Flow	5.36M	13.07M	12.78M	-30.14M	-21.38M	10.29M
Operating Cash Flow	9.10M	16.91M	17.00M	-383.00K	20.44M	18.29M
Investing Cash Flow	-3.49M	-3.40M	67.51M	-9.57M	-54.24M	-8.29M
Financing Cash Flow	-6.68M	-9.12M	-71.38M	17.62M	14.64M	-10.97M

Metarock Group Limited Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MYE, the sentiment is Positive. The current price of 0.14 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.15, and below the 200-day MA of 0.15, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 72.96 is Negative, neither overbought nor oversold. The STOCH value of 76.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MYE.

Metarock Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
MYE	48 Neutral	AU$57.10M	6.72	2.29%	3.70%	-27.31%	-93.93%
TER	48 Neutral	AU$127.58M	-0.96	-29.62%	―	-12.53%	-264.51%
CKA	39 Underperform	AU$77.68M	-4.69	―	―	-8.59%	25.90%
BCB	38 Underperform	AU$8.08M	-0.07	―	―	-4.19%	84.70%
NCR	38 Underperform	AU$768.61K	-33.33	―	―	―	57.14%
AQC	16 Underperform	AU$4.55M	-0.10	―	―	―	-487.06%

Metarock Group Limited Corporate Events

Mastermyne lifts earnings, cash and order book as growth resumes

Mastermyne has corrected typographical errors in its earlier interim results release and reaffirmed a strong first-half performance for the six months to 31 December 2025, highlighting a return to growth and improved margins following a challenging FY25. Revenue for H1 FY26 came in at $109 million, slightly below the prior corresponding period but significantly ahead of the second half of FY25, while underlying EBITDA rose to $8.3 million and underlying NPAT more than doubled to $4.1 million, supported by disciplined cost control and a reset focus on core capabilities.

The company generated $5.5 million in operating cash flow and increased its net cash position to $33.1 million, underpinning growth plans, while its order book expanded sharply to $441 million, up 79% year-on-year, signaling strong demand visibility. Management reiterated FY26 guidance for revenue of $220 million to $230 million and underlying EBITDA of $17 million to $18 million, indicating confidence in continued growth and diversification as Mastermyne leverages its market position and strengthened balance sheet.

The most recent analyst rating on (AU:MYE) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Metarock Group Limited stock, see the AU:MYE Stock Forecast page.

Mastermyne Outlines Market Profile and Ownership Ahead of H1 FY26 Results

Mastermyne Group Limited has released its half-year FY2026 results profile, outlining its current market position and capital structure. The update highlights its modest market capitalisation, concentrated ownership by M Mining and co-founders, and a defined leadership team, providing investors with context on governance and shareholder dynamics ahead of more detailed financial disclosures.

The most recent analyst rating on (AU:MYE) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Metarock Group Limited stock, see the AU:MYE Stock Forecast page.

Mastermyne posts stronger half-year profit as order book and cash climb

Mastermyne Group has reported a strong first-half FY26 result, marking a return to growth and margin improvement after operational disruptions in FY25. Revenue for the half was $108.9 million, driven by increased activity including the commencement of the Appin contract, while underlying EBITDA rose to $8.3 million and NPAT more than doubled to $4.1 million, reflecting better operating leverage and tight cost control.

The company’s order book has surged 79% year-on-year to $441 million on the back of new contracts and extensions with major miners Anglo American, Yancoal and Glencore, providing clear visibility for growth into H2 FY26 and beyond. A solid balance sheet, with $33.1 million in net cash, modest capex and access to additional facilities, positions Mastermyne to pursue further diversification and expansion initiatives while maintaining strong liquidity for stakeholders.

The most recent analyst rating on (AU:MYE) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Metarock Group Limited stock, see the AU:MYE Stock Forecast page.

Mastermyne lifts underlying profit despite softer half-year revenue

Mastermyne Group Limited reported revenue from continuing operations of $108.9 million for the half-year to 31 December 2025, down 7% from the prior corresponding period, while statutory profit after tax rose 64% to $1.6 million. Underlying net profit after tax from continuing operations more than doubled to $4.1 million, though the group recorded a small loss from discontinued operations and again chose not to pay or declare any dividends.

Earnings per share from continuing operations improved modestly, with basic EPS rising to 0.6 cents, and net tangible assets increasing to $64.9 million, or $0.21 per share, up from $0.20 at June 2025. The results, reviewed by the company’s auditors and approved by the board, indicate improving profitability and balance sheet strength despite softer revenue and continued caution on shareholder payouts.

The most recent analyst rating on (AU:MYE) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Metarock Group Limited stock, see the AU:MYE Stock Forecast page.

Mastermyne Sets Date for Half-Year Results and Investor Briefing

Mastermyne Group Limited will publish its financial results for the half year ended 31 December 2025 before the market opens on 25 February 2026, and management will host a results briefing the same morning. Chief executive Jeff Whiteman and chief financial officer Matt Ruhl will lead a conference call and webcast, including a Q&A session for pre-registered participants, underscoring the company’s efforts to engage investors and stakeholders around its interim performance and outlook.

The most recent analyst rating on (AU:MYE) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Metarock Group Limited stock, see the AU:MYE Stock Forecast page.

Mastermyne Secures Anglo American Intent for 12-Month Extension of Queensland Mining Contracts

Mastermyne Group Limited has received a letter of intent from Anglo American Steelmaking Coal to renew Mastermyne’s mining services contracts across three underground coal operations in Queensland for a further 12 months from the current expiry date of 4 April 2026. The renewal, expected to be finalised in the coming weeks, underpins continuity of work for Mastermyne in a key client relationship and provides greater short‑term revenue visibility and operational stability within the competitive underground coal services market.

The most recent analyst rating on (AU:MYE) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Metarock Group Limited stock, see the AU:MYE Stock Forecast page.

Mastermyne Extends Exclusive Jennmar Strata Products Deal to 2047

Mastermyne Group has secured a 10-year extension to its exclusive distribution agreement with Jennmar Holdings for critical strata consolidation products, pushing the term of the deal out to 2047 and deepening a long-standing partnership that includes the supply of Weber Mining’s market-leading resins and foams to Australian underground coal mines. The extended agreement reinforces a core part of Mastermyne’s business and provides a long-term framework for Mastermyne, Wilson Mining, Jennmar and Weber to collaborate in delivering high-quality ground support products and services to the Australian underground mining sector, underpinning operational continuity and strategic positioning within this specialist market.

The most recent analyst rating on (AU:MYE) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Metarock Group Limited stock, see the AU:MYE Stock Forecast page.

Metarock Group Limited Announces Change in Director’s Interest

Metarock Group Limited, formerly known as Mastermyne Group Limited, is involved in the mining services industry, providing specialized services to the coal mining sector. The company focuses on offering a range of services including underground mining, engineering, and maintenance. In a recent announcement, Metarock Group Limited disclosed a change in the director’s interest, with Jeffrey Keith Whiteman acquiring 2,938,636 performance rights under the company’s Employee Performance Rights Plan. This change, approved at the 2025 Annual General Meeting, reflects the company’s ongoing commitment to aligning management incentives with shareholder interests.

The most recent analyst rating on (AU:MYE) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Metarock Group Limited stock, see the AU:MYE Stock Forecast page.

Metarock Group Limited Announces Director’s Interest Change

Metarock Group Limited has announced a change in the director’s interest for Andrew Dominic Watts. The change involves an acquisition of 125,690 ordinary shares under the NED Plan, which was approved by shareholders at the 2025 Annual General Meeting. This adjustment in shareholding reflects a strategic move within the company’s governance structure, potentially impacting the company’s market positioning and stakeholder interests.

The most recent analyst rating on (AU:MYE) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Metarock Group Limited stock, see the AU:MYE Stock Forecast page.