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Mader Group Ltd
(Sydney:MAD)
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Rating:68Neutral
Price Target:
AU$7.00
▲(9.72% Upside)
Action:Downgraded
Date:08/26/26
The score is primarily supported by strong financial performance (healthy profitability, sharply improved leverage, and improving free cash flow). This is partially offset by weak technical positioning (price below all major moving averages and negative MACD) and only moderately attractive valuation (P/E 23.8 with a low ~1.33% dividend yield).
Positive Factors
Long-term revenue expansion
Revenue has more than tripled over five years, indicating that Mader has expanded its customer base, service capacity and exposure to outsourced heavy-equipment maintenance demand across mining, infrastructure and industrial markets.
Negative Factors
Revenue growth slowdown
Although the revenue base is much larger, the marked deceleration suggests that expansion is becoming harder to sustain. Slower growth could limit operating leverage and reduce the pace at which Mader captures additional maintenance outsourcing opportunities.
Read all positive and negative factors
Positive Factors
Negative Factors
Long-term revenue expansion
Revenue has more than tripled over five years, indicating that Mader has expanded its customer base, service capacity and exposure to outsourced heavy-equipment maintenance demand across mining, infrastructure and industrial markets.
Read all positive factors
Mader Group Ltd (MAD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.26B
Dividend Yield1.41%
Average Volume (3M)152.94K
Price to Earnings (P/E)19.7
Beta (1Y)1.08
Revenue Growth14.78%
EPS Growth13.47%
CountryAU
Employees4,500
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)0.32
Shares Outstanding203,461,730
10 Day Avg. Volume262,181
30 Day Avg. Volume152,935
Financial Highlights & Ratios
PEG Ratio1.34
Price to Book (P/B)6.02
Price to Sales (P/S)1.61
P/FCF Ratio27.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$8.86Price Target Upside38.82% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.35
Revenue Forecast (FY)AU$1.14B
Mader Group Ltd Business Overview & Revenue Model
Company Description
Mader Group Limited, a contracting company, provides specialist technical services in the mining, energy, and industrial sectors in Australia, North America, and internationally. The company offers fabrication and line boring; electrical services;...
How the Company Makes Money
Mader Group makes money by selling outsourced maintenance and repair services for heavy equipment to fleet owners and operators, with revenue primarily generated from contracted labour and service delivery. Key revenue streams include: (1) Field s...
Mader Group Ltd Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
78
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.00B | 872.20M | 774.47M | 608.79M | 402.08M |
| Gross Profit | 195.65M | 168.05M | 161.99M | 135.85M | 78.58M |
| EBITDA | 117.42M | 109.53M | 99.23M | 75.09M | 50.88M |
| Net Income | 65.37M | 57.15M | 50.42M | 38.51M | 27.95M |
Balance Sheet | |||||
| Total Assets | 390.25M | 346.99M | 337.94M | 252.70M | 175.08M |
| Cash, Cash Equivalents and Short-Term Investments | 39.50M | 24.26M | 30.12M | 13.01M | 6.65M |
| Total Debt | 9.08M | 39.33M | 69.71M | 64.40M | 41.56M |
| Total Liabilities | 122.79M | 134.68M | 177.62M | 133.05M | 90.10M |
| Stockholders Equity | 267.46M | 212.31M | 160.33M | 119.64M | 84.98M |
Cash Flow | |||||
| Free Cash Flow | 57.55M | 42.66M | 28.06M | -6.45M | -4.07M |
| Operating Cash Flow | 84.97M | 76.79M | 68.72M | 41.09M | 35.39M |
| Investing Cash Flow | -27.42M | -34.13M | -40.66M | -47.29M | -31.01M |
| Financing Cash Flow | -41.10M | -48.70M | -10.63M | 12.31M | -1.39M |
Mader Group Ltd Technical Analysis
Negative
6.38
Price Trends
7.25
Negative
7.63
Negative
7.79
Negative
Market Momentum
-0.31
Positive
32.55
Neutral
10.46
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MAD, the sentiment is Negative. The current price of 6.38 is below the 20-day moving average (MA) of 6.77, below the 50-day MA of 7.25, and below the 200-day MA of 7.79, indicating a bearish trend. The MACD of -0.31 indicates Positive momentum. The RSI at 32.55 is Neutral, neither overbought nor oversold. The STOCH value of 10.46 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MAD.
Mader Group Ltd Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$1.56B | 17.46 | 29.94% | 3.82% | 10.49% | 5.31% | |
69 Neutral | AU$25.63B | 19.55 | 28.80% | 3.41% | 0.86% | 7.65% | |
68 Neutral | AU$1.26B | 19.66 | 26.05% | 1.20% | 14.78% | 13.47% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
AU:MAD
Mader Group Ltd
6.25
-2.16
-25.68%
AU:BXB
Brambles
19.33
-6.27
-24.49%
AU:SIQ
Smartgroup Corporation Ltd
11.53
2.98
34.87%
Mader Group Ltd Corporate Events
Mader Group Publishes Webcast of FY26 Full-Year Results Briefing
Aug 25, 2026
Mader Group Limited, a Perth-based global leader in specialist technical services, operates a large labour market platform that connects more than 520 customers to an in-house workforce of over 4,500 employees on flexible, fit-for-purpose terms. T...
Mader Group Highlights Global Scale in FY26 Results
Aug 24, 2026
Mader Group Ltd, a global maintenance services provider, reported its FY26 financial results while highlighting the breadth of its operations across heavy mobile equipment, fixed infrastructure, and power generation and marine markets. The company...
Mader Group Tops $1bn Revenue, Sets Ambitious FY27 Growth Targets
Aug 24, 2026
Mader Group reported record FY26 results, surpassing $1 billion in annual revenue and completing its five-year strategic plan, with total revenue up 15% and NPAT up 15% versus the prior year. Growth was driven by a 16% revenue increase in Australi...
Mader Group Updates ASX-Aligned Corporate Governance Framework
Aug 24, 2026
Mader Group Ltd has released its latest Corporate Governance Statement, current as of 24 August 2026, outlining how it applies the ASX Corporate Governance Council’s 4th Edition Principles and Recommendations. The document confirms that, asi...
Mader Group Sets Date for FY26 Results and Investor Briefing
Aug 18, 2026
Mader Group Limited has scheduled the release of its full-year financial results for FY26, covering the period ended 30 June 2026, on Tuesday, 25 August 2026. The announcement underscores the company’s intention to engage investors through a...
Mader discloses director’s interest change after spouse’s share-backed loan
Jul 1, 2026
Mader Group has disclosed a change in director Justin Nuich’s relevant interests following a share-backed loan arrangement entered into by his spouse, Candice Nuich, with Equities First Holdings. Under the facility, she transferred 1,000,000...
Mader Group Shifts Registered Office to New Perth Address
Jun 30, 2026
Mader Group Limited has updated its registered office and principal place of business to 1 Sleat Road, Applecross, Western Australia, effective 30 June 2026. The company noted that all other corporate and operational details remain unchanged, sign...
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.