Mayfield Group Holdings Limited (AU:MYG)
ASX:MYG
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Mayfield Group Holdings Limited
(Sydney:MYG)
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Select Model
Rating:70Outperform
Price Target:
AU$2.50
▲(10.62% Upside)
Action:UpgradedDate:12/03/25
Mayfield Group Holdings Limited demonstrates strong financial performance with robust revenue growth and efficient cost management. The technical analysis indicates bullish momentum, though caution is advised due to overbought signals. The valuation suggests the stock may be overvalued, which could limit upside potential.
Positive Factors
Balance sheet strength
Very low leverage and a >50% equity ratio provide durable financial flexibility, lowering refinancing risk and enabling the business to fund project working capital, capital expenditure, or strategic investments without relying heavily on external debt, supporting resilience across cycles.
Negative Factors
Modest net profit margin
A mid-single-digit net margin limits retained earnings and free cash after growth investments. It increases sensitivity to cost inflation, project overruns, or competitive pricing, and constrains the pace at which the company can scale margins into higher returns on equity without operational or pricing improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Very low leverage and a >50% equity ratio provide durable financial flexibility, lowering refinancing risk and enabling the business to fund project working capital, capital expenditure, or strategic investments without relying heavily on external debt, supporting resilience across cycles.
Read all positive factors
Mayfield Group Holdings Limited (MYG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$262.61M
Dividend Yield1.1%
Average Volume (3M)37.47K
Price to Earnings (P/E)17.0
Beta (1Y)1.17
Revenue Growth37.80%
EPS Growth28.88%
CountryAU
Employees187
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)0.04
Shares Outstanding116,199,880
10 Day Avg. Volume59,103
30 Day Avg. Volume37,468
Financial Highlights & Ratios
PEG Ratio0.51
Price to Book (P/B)2.83
Price to Sales (P/S)0.83
P/FCF Ratio11.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$3.40Price Target Upside50.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.09
Revenue Forecast (FY)AU$160.43M
Mayfield Group Holdings Limited Business Overview & Revenue Model
Company Description
Mayfield Group Holdings Limited, together with its subsidiaries, provides electrical and telecommunications infrastructure products and services in Australia. It offers switchboards and transportable switch rooms for critical electrical infrastruc...
How the Company Makes Money
MYG makes money primarily by selling electrical engineering and manufacturing products and by delivering project and service work. Its revenue model typically combines: (1) product/manufacturing revenue from the design and manufacture of electrica...
Mayfield Group Holdings Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
75
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 145.64M | 118.14M | 85.52M | 77.58M | 82.03M | 60.63M |
| Gross Profit | 41.21M | 53.88M | 9.57M | 41.74M | 36.89M | 31.30M |
| EBITDA | 14.77M | 10.44M | 6.97M | 6.30M | -428.12K | 5.05M |
| Net Income | 9.29M | 6.76M | 5.10M | 5.80M | -1.81M | 2.58M |
Balance Sheet | ||||||
| Total Assets | 105.02M | 65.95M | 57.35M | 49.12M | 43.88M | 41.54M |
| Cash, Cash Equivalents and Short-Term Investments | 49.15M | 16.92M | 16.32M | 4.95M | 2.64M | 1.39M |
| Total Debt | 8.20M | 2.33M | 3.26M | 3.86M | 8.55M | 7.87M |
| Total Liabilities | 31.99M | 31.26M | 23.20M | 19.32M | 22.48M | 23.62M |
| Stockholders Equity | 73.03M | 34.69M | 34.15M | 29.80M | 21.40M | 17.92M |
Cash Flow | ||||||
| Free Cash Flow | 17.68M | 8.78M | 15.27M | 7.72M | 773.19K | -9.93M |
| Operating Cash Flow | 18.19M | 9.51M | 16.07M | 8.63M | 1.75M | -505.42K |
| Investing Cash Flow | -4.39M | -708.19K | -331.37K | -848.81K | 2.39M | -5.31M |
| Financing Cash Flow | 23.97M | -8.20M | -4.36M | -5.48M | -2.89M | 4.55M |
Mayfield Group Holdings Limited Technical Analysis
Positive
2.26
Price Trends
2.46
Negative
2.55
Negative
1.95
Positive
Market Momentum
-0.08
Negative
48.43
Neutral
73.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MYG, the sentiment is Positive. The current price of 2.26 is above the 20-day moving average (MA) of 2.08, below the 50-day MA of 2.46, and above the 200-day MA of 1.95, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 48.43 is Neutral, neither overbought nor oversold. The STOCH value of 73.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MYG.
Mayfield Group Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$1.53B | 52.40 | ― | ― | 191.25% | 19.43% | |
70 Outperform | AU$262.61M | 17.02 | 19.64% | 1.10% | 37.80% | 28.88% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | AU$40.95M | -77.51 | 4.70% | 4.66% | 14.59% | -11.13% | |
50 Neutral | AU$16.85M | 0.92 | 26.81% | ― | -21.60% | -657.00% | |
40 Underperform | AU$78.85M | -1.75 | -60.02% | ― | 9.67% | 31.03% |
* Technology Sector Average
AU:MYG
Mayfield Group Holdings Limited
2.26
1.31
137.39%
AU:ELS
Elsight Ltd.
6.95
6.56
1682.05%
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Asset Vision
0.03
>-0.01
-9.68%
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Vection Technologies Ltd.
0.04
0.02
94.44%
AU:COS
Cosol Limited
0.23
-0.56
-71.15%
AU:BCC
Beam Communications Holdings Limited
0.20
0.12
150.00%
Mayfield Group Holdings Limited Corporate Events
Mayfield Group Seeks ASX Quotation for Over 2 Million New Shares
Apr 1, 2026
Mayfield Group Holdings Limited has applied for quotation of 2,073,412 ordinary fully paid shares on the Australian Securities Exchange, with an issue date of March 31, 2026. The new securities, which form part of a previously announced transactio...
Mayfield Group Completes SMEC Power & Technology Acquisition to Bolster Mining and Infrastructure Reach
Apr 1, 2026
Mayfield Group Holdings has completed the acquisition of SMEC Power Technology, also known as Southern Mining Electrical Contractors, in a cash-and-scrip deal with provisional consideration of about $24.8 million. The transaction, completed on a ...
Mayfield Group Director Discloses On-Market Purchase of 25,000 Shares
Mar 19, 2026
Mayfield Group Holdings Limited has disclosed a change in director Rodney Henderson’s relevant interests in the company’s securities, in line with ASX listing rule 3.19A.2. The filing notes that Henderson holds an indirect interest thr...
Mayfield Group Joins All Ordinaries in S&P Dow Jones March Rebalance
Mar 10, 2026
SP Dow Jones Indices has updated its March 2026 quarterly rebalance of the All Ordinaries index, reversing earlier changes involving African Gold Limited and American Rare Earths Limited while confirming a broad set of new inclusions. The revised ...
Resource Stocks Drive Major Shake-Up in March S&P/ASX Rebalance
Mar 6, 2026
SP Dow Jones Indices has announced a broad reshuffle across the SP/ASX index family for the March 2026 quarterly rebalance, effective before the market opens on 23 March. The moves reflect shifts in market capitalisation and sector performance, wi...
Mayfield Positions Itself as Backbone of Australia’s Electrified Future
Feb 27, 2026
Mayfield Group is emphasizing its role as a foundational provider of electrical infrastructure that underpins emerging technologies such as solar farms, high-speed data networks and electric vehicles. By delivering reliable, intelligent power netw...
Mayfield Group Doubles Profit on Surging Manufacturing Sales and Expands Capacity
Feb 27, 2026
Mayfield Group Holdings reported a strong first half to 31 December 2025, with revenue rising 52.8% to $79.5 million, driven mainly by manufacturing and product sales, while services revenue eased as the company refocused on maintaining its own pr...
Mayfield Group Declares Interim Dividend for Half-Year to December 2025
Feb 26, 2026
Mayfield Group Holdings Limited has declared an interim dividend of AUD 0.02 per ordinary fully paid share for the six-month period ended 31 December 2025, with an ex-dividend date of 4 March 2026 and a record date of 5 March 2026. The dividend, s...
Mayfield Group Moves to Bolster Mining Focus With $30m SMEC Power Deal
Feb 25, 2026
Mayfield Group Holdings Limited has agreed to acquire the business assets and undertakings of SMEC Power Technology, also known as Southern Mining Electrical Contractors, in an asset sale valued at $30 million on a cash‑free, debt‑fre...
Mayfield Group to Acquire SMEC Power & Technology in $30m Mining Push
Feb 25, 2026
Mayfield Group Holdings has agreed to acquire the business assets of SMEC Power Technology, a leading Australian manufacturer of underground electrical starter panels, switchboards and substations for the mining industry, for up to $30 million on...
Mayfield Group Declares Fully Franked Interim Dividend and Signals Ongoing Payouts
Jan 29, 2026
Mayfield Group Holdings has declared a fully franked interim dividend of 2 cents per share, totaling $2.314 million, for the half-year to 31 December 2025, with the payment scheduled for 19 March 2026 following an early March ex-dividend and recor...
Mayfield Group Flags Sharp Profit Rise in December 2025 Half
Jan 27, 2026
Mayfield Group Holdings has issued earnings guidance indicating that unaudited net profit after tax for the half year ended 31 December 2025 is expected to be about $4.9 million, more than double the $1.98 million recorded in the prior correspondi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.