Metarock Group Limited (MYE) AI Stock Analysis

• Market Cap: AU$47.84M
• Dividend Yield: 3.7%
• Average Volume (3M): 100.45K
• Price to Earnings (P/E): 32.6
• Beta (1Y): 0.79
• 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: 46 Neutral
• Price Target: AU$0.15 ▲(5.00% Upside)

The overall stock score is primarily influenced by mixed financial performance and bearish technical indicators. While revenue growth is strong, profitability and cash flow trends are concerning. The stock is trading below key moving averages, indicating bearish momentum. Valuation metrics suggest the stock is relatively expensive, but the dividend yield offers some compensation.

Positive Factors

Conservative leverage

A debt-to-equity ratio of 0.07 indicates a conservatively financed balance sheet. That structural low leverage reduces interest burden and financial distress risk in cyclical coal markets, preserving flexibility for capital allocation, downturn resilience, and strategic investments over months.

Revenue expansion

Reported revenue growth of 19.74% signals durable demand gains or market share improvement. Sustained top-line expansion provides a foundation for scaling operations, negotiating supplier terms, and eventually improving margins if cost control follows, supporting multi-month growth prospects.

Solid cash conversion ratio

A free cash flow to net income ratio of 0.77 shows a majority of reported earnings converting to cash. Structurally strong cash conversion supports dividend capacity, debt servicing and reinvestment, providing a durable buffer even if earnings volatility persists in the coal sector.

Negative Factors

Thin profitability margins

Very low gross and net margins imply limited pricing power and little cushion against cost inflation. Over time, thin margins constrain ability to fund capex, absorb commodity price swings, and improve ROE, making earnings sensitive to modest adverse shifts in input costs or demand.

Steep free cash flow decline

A 65% drop in free cash flow growth is a structural red flag for capital flexibility. Persistently weaker FCF undermines capacity to maintain dividends, invest in productivity, or shore up working capital during coal-cycle downturns, reducing long-term operational resilience.

Low returns on equity

ROE of 2.32% indicates the company is generating minimal returns on shareholders' capital. Over months this persistent low profitability limits ability to compound shareholder value, hinders reinvestment attractiveness, and may pressure strategic initiatives or capital availability.

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

Metarock Group Limited shows a mixed financial performance. While revenue growth is strong at 19.74%, profitability metrics such as gross profit margin (6.35%) and net profit margin (0.80%) are under pressure. The balance sheet is stable with low leverage, but cash flow trends are concerning with a significant decline in free cash flow growth of -65.23%.

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	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	214.03M	213.82M	294.39M	514.21M	452.70M	233.07M
Gross Profit	99.42M	13.58M	234.95M	1.47M	11.00K	17.85M
EBITDA	12.41M	11.73M	31.38M	-38.70M	17.31M	22.30M
Net Income	1.72M	1.71M	39.64M	-74.01M	-12.56M	5.86M
Balance Sheet
Total Assets	107.48M	107.48M	117.95M	226.96M	299.15M	133.83M
Cash, Cash Equivalents and Short-Term Investments	30.42M	30.42M	26.04M	12.90M	5.23M	24.39M
Total Debt	5.14M	5.14M	7.22M	71.93M	101.34M	12.56M
Total Liabilities	33.50M	33.50M	44.37M	194.20M	215.97M	58.65M
Stockholders Equity	73.97M	73.97M	73.58M	32.76M	83.19M	75.18M
Cash Flow
Free Cash Flow	13.07M	13.07M	12.78M	-30.14M	-21.38M	10.29M
Operating Cash Flow	16.91M	16.91M	17.00M	-383.00K	20.44M	18.29M
Investing Cash Flow	-3.40M	-3.40M	67.51M	-9.57M	-54.24M	-8.29M
Financing Cash Flow	-9.12M	-9.12M	-71.38M	17.62M	14.64M	-10.97M

Metarock Group Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.14
• 50DMA: Positive
• 100DMA: Positive
• 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:MYE, the sentiment is Neutral. The current price of 0.14 is below the 20-day moving average (MA) of 0.15, above the 50-day MA of 0.14, and below the 200-day MA of 0.15, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.58 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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%
CKA	48 Neutral	AU$85.24M	-7.67	―	―	-8.59%	25.90%
TER	48 Neutral	AU$117.21M	-1.29	-29.62%	―	-12.53%	-264.51%
MYE	46 Neutral	AU$47.84M	32.61	2.29%	3.70%	-27.31%	-93.93%
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 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.

Metarock Group Announces Director Departure

Metarock Group Limited has announced the cessation of Peter Barker as a director, effective November 21, 2025. This change is documented in the Final Director’s Interest Notice, which outlines Barker’s relevant interests in securities, including 254,908 ordinary shares held by his spouse, Bronwyn Kerr. The announcement signifies a shift in the company’s board composition, potentially impacting its strategic direction and stakeholder interests.

Metarock Group Limited Secures Strong Shareholder Support at AGM

Metarock Group Limited recently held its Annual General Meeting, where several resolutions were passed with significant shareholder support. These resolutions included the approval of additional placement capacity, the issuance of performance rights and ordinary shares to key individuals, and the election and re-election of directors. The outcomes of these resolutions demonstrate strong shareholder confidence in the company’s strategic direction and leadership.