Mayfield Group Holdings Limited (MYG) AI Stock Analysis

• Market Cap: AU$105.14M
• Dividend Yield: 2.64%
• Average Volume (3M): 15.79K
• Price to Earnings (P/E): 24.2
• Beta (1Y): 0.56
• Revenue Growth: 32.93%
• EPS Growth: -41.23%
• Country: AU
• Employees: 187
• Sector: Technology
• Sector Strength: 83
• Industry: Communication Equipment
• EPS (TTM): 0.02
• Shares Outstanding: 92,638,180
• 10 Day Avg. Volume: 30,741
• 30 Day Avg. Volume: 15,793
• PEG Ratio: -1.33
• Price to Book (P/B): 2.83
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 15.92
• 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

• Rating: 71 Outperform
• Price Target: AU$1.50 ▲(31.58%Upside)

Mayfield Group Holdings Limited's overall stock score is driven by its strong financial performance, characterized by robust revenue growth and cash flow efficiency, as well as a solid balance sheet. Technical analysis supports a bullish outlook with positive price momentum, although overbought signals suggest potential caution. The valuation is moderate, with the stock appearing fairly priced. The lack of earnings call and corporate events data did not impact the score.

Mayfield Group Holdings Limited Business Overview & Revenue Model

Company Description

Mayfield Group Holdings Limited (MYG) is an Australian company that specializes in providing electrical and communications engineering solutions. The company operates primarily in the infrastructure, resources, and industrial sectors, offering a range of services including design, manufacturing, installation, and maintenance of electrical systems. MYG is known for its expertise in high-voltage installations and electrical engineering projects.

How the Company Makes Money

Mayfield Group Holdings Limited generates revenue through its comprehensive suite of engineering services. The company's key revenue streams include design and installation projects for electrical systems, ongoing maintenance contracts, and manufacturing of electrical components. MYG collaborates with various industries, notably infrastructure and resources, to deliver tailored solutions that meet specific client needs. These partnerships and the company's reputation for quality and reliability in delivering high-voltage and complex engineering projects significantly contribute to its earnings.

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
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
98.93M	85.52M	77.58M	82.03M	60.63M	682.41K
	Gross Profit
28.82M	42.57M	8.42M	36.60M	31.30M	-54.31M
	EBIT
7.58M	4.24M	3.96M	-2.50M	1.38M	806.51K
	EBITDA
6.66M	6.97M	6.37M	-428.12K	5.05M	808.15K
	Net Income Common Stockholders
4.31M	5.10M	5.80M	-1.81M	764.74K	-1.16M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
11.38M	16.32M	4.95M	2.64M	1.39M	2.77M
	Total Assets
56.99M	57.35M	49.12M	43.88M	41.54M	3.39M
	Total Debt
2.84M	3.26M	3.86M	8.55M	7.87M	4.04M
	Net Debt
-8.54M	-13.07M	-1.09M	5.91M	6.48M	1.27M
	Total Liabilities
22.55M	23.20M	19.32M	22.48M	23.62M	418.94K
	Stockholders Equity
34.43M	34.15M	29.80M	21.40M	17.92M	2.97M
Cash Flow		Free Cash Flow
6.05M	15.27M	7.72M	773.19K	-9.93M	-1.38M
	Operating Cash Flow
6.81M	16.07M	8.63M	1.75M	-505.42K	-353.87K
	Investing Cash Flow
-718.92K	-331.37K	-848.81K	2.39M	-5.31M	1.63M
	Financing Cash Flow
-3.39M	-4.36M	-5.48M	-2.89M	4.55M	-1.05M

Mayfield Group Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.14
• 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:MYG, the sentiment is Positive. The current price of 1.14 is above the 20-day moving average (MA) of 1.07, above the 50-day MA of 1.03, and above the 200-day MA of 0.86, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 66.63 is Neutral, neither overbought nor oversold. The STOCH value of 75.86 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GNG	80 Outperform	AU$468.59M	12.04	58.99%	7.14%	25.12%	31.13%
CVL	75 Outperform	AU$528.87M	8.95	12.62%	5.77%	15.44%	-4.13%
MYG	71 Outperform	AU$105.14M	24.20	13.02%	2.64%	32.93%	-41.23%
PPC	70 Outperform	AU$767.78M	16.63	8.08%	3.35%	6.29%	-7.85%
BXB	69 Neutral	$31.47B	25.30	26.45%	2.55%	3.86%	―
Sector *	62 Neutral	$11.81B	10.34	-7.44%	2.91%	7.41%	-7.93%
SXE	61 Neutral	€441.56M	15.48	15.15%	4.94%	49.23%	41.42%

Mayfield Group Holdings Limited Corporate Events

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.

Mayfield Group Secures $27 Million in Data Center Contracts

Mayfield Group Holdings Limited has secured $27 million in contracts to supply over 90 switchboards for a major Australian data center development, boosting its work-in-hand to $125 million, extending into FY27. This development strengthens Mayfield’s position in the growing data center sector, driven by increasing AI computing demands, and aligns with the company’s strategy to capitalize on Australia’s digital transformation and energy transition, ensuring robust revenue growth and industry positioning.

Mayfield Group Secures Major $20 Million Data Centre Contract

Mayfield Group Holdings Limited has secured a significant $20 million contract to deliver 18 modular power distribution centres for a major data centre operator in Victoria, with delivery expected in 2026. This contract, along with additional contracts in other sectors, has increased Mayfield’s work-in-hand to $108 million, extending into the 2027 financial year, highlighting the company’s growth and commitment to its manufacturing and technology-driven strategies.