Mayfield Group Holdings Limited (MYG) AI Stock Analysis

• Market Cap: AU$102.60M
• Dividend Yield: 2.73%
• Average Volume (3M): 27.55K
• Price to Earnings (P/E): 23.5
• Beta (1Y): 0.83
• Revenue Growth: 32.93%
• EPS Growth: -41.23%
• Country: AU
• Employees: 187
• Sector: Technology
• Sector Strength: 92
• Industry: Communication Equipment
• EPS (TTM): 0.02
• Shares Outstanding: 93,277,084
• 10 Day Avg. Volume: 39,630
• 30 Day Avg. Volume: 27,555
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• P/FCF Ratio: N/A
• 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$1.50
• Price Target Upside: 36.36% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 74 Outperform
• Price Target: AU$1.00 ▼(-9.09%Downside)

Mayfield Group Holdings Limited's strong financial performance, characterized by robust revenue growth and efficient cash conversion, is the primary driver of its overall score. However, technical analysis indicates mixed signals with weak short-term momentum, and valuation concerns due to a high P/E ratio moderate the overall score. The absence of recent earnings call insights and corporate events further solidifies a cautious yet optimistic stance.

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 infrastructure. The company also engages in the project management, engineering, design, manufacture, installation, and commissioning of electrical infrastructure. In addition, it provides electrical test and measurement instruments; generator, UPS, and battery products for critical power systems; and replacement, repair, and maintenance services. Further, the company manufactures protection systems and control panels for medium and high voltage systems, communication panels, and PLC and process control panels. Additionally, it engages in the design, site building, equipment supply, and installation of monopoles, towers, antennas, and masts, as well as network commissioning, project management, and onsite maintenance support. The company was founded in 1936 and is based in Edinburgh, Australia.

How the Company Makes Money

Mayfield Group Holdings Limited generates revenue through its electrical engineering and contracting services. The company's key revenue streams include project-based income from designing and installing electrical systems for construction and infrastructure projects. Additionally, the company earns money through ongoing maintenance and commissioning services, ensuring the reliability and efficiency of electrical systems for its clients. Significant partnerships with construction firms and infrastructure developers also contribute to its earnings, as these collaborations help secure contracts and expand its service offerings. Mayfield Group Holdings' focus on quality and client satisfaction helps maintain a steady stream of projects and long-term client relationships, further supporting its revenue generation.

Mayfield Group Holdings Limited Financial Statement Overview

Summary

Mayfield Group Holdings Limited exhibits a strong financial profile with impressive revenue growth and efficient cash generation, underpinning a solid operating performance. The balance sheet is robust, with low leverage and high equity, enhancing financial stability. Despite a slight decrease in net profit margin, the overall profitability remains healthy. The company's ability to convert earnings into cash effectively positions it well for future investments and potential growth opportunities.

Income Statement

Mayfield Group Holdings Limited has shown robust revenue growth with a 10.2% increase in total revenue from 2023 to 2024. The gross profit margin improved significantly to 49.8% in 2024, indicating efficient cost management. However, the net profit margin decreased from 7.5% to 6.0%, reflecting pressure on profitability despite higher sales. The company also achieved a healthy EBITDA margin of 8.1%, which is a good indicator of operational efficiency.

Balance Sheet

The balance sheet reflects a solid financial position, characterized by a low debt-to-equity ratio of 0.10, suggesting low leverage and financial risk. The return on equity stands at 14.9%, showing effective use of shareholder funds to generate profit. Additionally, the equity ratio is strong at 59.5%, indicating a significant portion of assets are financed by equity, enhancing financial stability.

Cash Flow

Cash flow analysis reveals strong cash generation, with a free cash flow growth rate of 97.8% from 2023 to 2024, suggesting improved cash efficiency. The operating cash flow to net income ratio is 3.15, indicating robust cash earnings compared to accounting profits. The free cash flow to net income ratio of 2.99 further highlights the company's ability to convert its earnings into free cash flow effectively.

Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Mayfield Group Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 1.1 is above the 20-day moving average (MA) of 1.03, above the 50-day MA of 1.06, and above the 200-day MA of 0.92, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.67 is Neutral, neither overbought nor oversold. The STOCH value of 83.53 is Negative, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MYG	74 Outperform	AU$102.60M	23.45	13.02%	2.73%	32.93%	-41.23%
COS	74 Outperform	AU$115.56M	12.62	12.90%	3.76%	23.66%	-7.71%
Sector *	57 Neutral	HK$14.24B	5.65	-5.77%	5.08%	9.65%	-43.80%
ELS	56 Neutral	AU$323.50M	―		―	31.98%	-5.15%
VR1	55 Neutral	AU$77.81M	―	-44.01%	―	21.55%	64.76%
BCC	53 Neutral	AU$11.23M	―	-127.39%	―	-17.08%	-2263.16%

Mayfield Group Holdings Limited Corporate Events

Mayfield Group Holdings Announces Cessation of Securities

Mayfield Group Holdings Limited has announced the cessation of certain securities. Specifically, options MYGAA and MYGAQ, which were set to expire in 2028 and 2027 respectively, have lapsed due to the conditions for their exercise not being met or becoming incapable of being satisfied. This cessation reflects a change in the company’s issued capital and may impact stakeholders by altering the potential future financial instruments available for trading.

Mayfield Group Holdings Issues New Shares, Complies with Legal Provisions

Mayfield Group Holdings Limited has announced the issuance of 468,905 ordinary shares as of July 3, 2025, without the need for disclosure under Part 6D.2 of the Corporations Act. This move indicates the company’s compliance with relevant legal provisions and suggests a strategic financial maneuver that could potentially impact its market positioning and stakeholder interests.

Mayfield Group Holdings Expands Market Presence with New Securities Quotation

Mayfield Group Holdings Limited has announced the quotation of 468,905 ordinary fully paid securities on the ASX, effective July 3, 2025. This move is part of the company’s strategy to enhance its market presence and liquidity, potentially impacting its operational capabilities and offering new opportunities for stakeholders.

Mayfield Group Issues 170,000 Shares, Ensures Regulatory Compliance

Mayfield Group Holdings Limited has issued 170,000 ordinary shares without disclosure under the Corporations Act, indicating compliance with relevant legal provisions. This strategic move reflects the company’s adherence to regulatory standards, potentially strengthening its market position and reassuring stakeholders of its operational transparency.

Mayfield Group Holdings Expands Market Presence with New Securities Quotation

Mayfield Group Holdings Limited has announced the quotation of 170,000 new ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code MYG. This move is part of the company’s strategy to enhance its market presence and provide additional liquidity to its shareholders, potentially strengthening its position within the industry.

Mayfield Group Holdings Completes Final On-Market Share Buy-Back

Mayfield Group Holdings Limited has announced the completion of a final on-market buy-back of its ordinary shares, as indicated in their latest notification to the Australian Securities Exchange (ASX). This strategic move is part of the company’s efforts to manage its capital structure effectively. The buy-back could potentially lead to a reduction in the number of shares available in the market, which may increase the value of remaining shares and benefit shareholders.

Mayfield Group Announces Proposed Securities Issue

Mayfield Group Holdings Limited has announced a proposed issue of 1,893,940 ordinary fully paid securities, scheduled for August 15, 2025. This move is part of a placement or other type of issue, potentially impacting the company’s market positioning by increasing its capital base, which could enhance its operational capabilities and provide more resources for strategic initiatives.

Mayfield Group Expands with BE Switchcraft Acquisition

Mayfield Group Holdings Limited has announced the acquisition of BE Switchcraft Pty Ltd, a South Australian electrical switchboard manufacturer. This strategic move, valued at $7 million, aims to enhance Mayfield’s manufacturing capabilities and expand its market reach by integrating BE Switchcraft’s expertise in lighting control and room automation. The acquisition is expected to strengthen Mayfield’s competitive position in the Australian market by offering comprehensive, locally manufactured power solutions, and is anticipated to provide immediate earnings accretion for shareholders and growth opportunities in the commercial sector.

Mayfield Group Holdings Announces Director Departure

Mayfield Group Holdings Limited has announced the cessation of Sue Chase as a director, effective May 15, 2025. This update is part of the company’s compliance with ASX listing rules, indicating no relevant interests in securities held by the departing director, which suggests minimal immediate impact on the company’s operations or market position.

Sue Chase Steps Down from Mayfield Group Board to Lead Regional Development

Mayfield Group Holdings Ltd announced that Sue Chase AM is stepping down from her role as Non-Executive Director to focus on her position as Chair of Regional Development Australia Eyre Peninsula. Sue Chase’s departure marks a significant transition for Mayfield, as her leadership and industry knowledge have been instrumental in the company’s strategic positioning in AI growth and electrification. The company will begin searching for a suitable replacement, while stakeholders anticipate continued growth and success under new leadership.