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Monadelphous Group Limited
(Sydney:MND)
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Rating:71Outperform
Price Target:
AU$35.00
â–²(20.27% Upside)
Action:Upgraded
Date:08/26/26
The score is driven primarily by strong financial performance (growth, margin expansion, strong ROE, and low leverage). Offsetting this, the technical picture is weaker with the stock trading below key moving averages, and valuation is relatively expensive on a P/E basis despite a moderate dividend yield.
Positive Factors
Strong revenue and profit growth
Substantial growth in revenue and net income indicates stronger project activity and operating leverage. If execution remains effective, the improved scale can support continued earnings growth and reinforce Monadelphous’s position with large industrial customers over the next several quarters.
Negative Factors
Cyclical and uneven revenue profile
Monadelphous depends on customers’ capital and operating expenditure cycles across resources, energy, and infrastructure. Uneven historical revenue means project awards and client spending can fluctuate, creating periods of weaker utilization and making sustained growth less predictable across several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue and profit growth
Substantial growth in revenue and net income indicates stronger project activity and operating leverage. If execution remains effective, the improved scale can support continued earnings growth and reinforce Monadelphous’s position with large industrial customers over the next several quarters.
Read all positive factors
Monadelphous Group Limited (MND) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$3.10B
Dividend Yield3.5%
Average Volume (3M)247.94K
Price to Earnings (P/E)24.3
Beta (1Y)0.87
Revenue Growth29.43%
EPS Growth50.05%
CountryAU
Employees7,482
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)1.27
Shares Outstanding100,586,945
10 Day Avg. Volume183,875
30 Day Avg. Volume247,941
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)5.43
Price to Sales (P/S)1.11
P/FCF Ratio14.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$29.83Price Target Upside2.49% Upside
Rating ConsensusHold
Number of Analyst Covering10
EPS Forecast (FY)1.29
Revenue Forecast (FY)AU$2.99B
Monadelphous Group Limited Business Overview & Revenue Model
Company Description
Monadelphous Group Limited, an engineering group, provides construction, maintenance, and industrial services to resources, energy, and infrastructure sectors in Australia, China, Mongolia, Papua New Guinea, China, Vietnam, the Philippines, and in...
How the Company Makes Money
Monadelphous makes money by contracting with asset owners (typically in mining/resources and energy) to deliver project-based construction work and recurring maintenance/industrial services. Revenue is predominantly earned under service and projec...
Monadelphous Group Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
79
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.79B | 2.16B | 2.01B | 1.72B | 1.81B |
| Gross Profit | 220.88M | 163.13M | 135.77M | 118.66M | 122.51M |
| EBITDA | 196.36M | 145.57M | 132.82M | 108.59M | 109.31M |
| Net Income | 127.30M | 83.72M | 62.20M | 53.54M | 52.22M |
Balance Sheet | |||||
| Total Assets | 1.23B | 1.01B | 887.36M | 768.17M | 791.36M |
| Cash, Cash Equivalents and Short-Term Investments | 293.64M | 205.83M | 225.86M | 178.32M | 183.33M |
| Total Debt | 71.99M | 80.30M | 94.24M | 88.73M | 109.48M |
| Total Liabilities | 662.40M | 507.39M | 421.77M | 330.20M | 379.18M |
| Stockholders Equity | 569.05M | 497.84M | 465.59M | 437.98M | 412.18M |
Cash Flow | |||||
| Free Cash Flow | 206.54M | 67.16M | 98.86M | 74.25M | 55.02M |
| Operating Cash Flow | 245.09M | 81.04M | 187.74M | 93.29M | 64.87M |
| Investing Cash Flow | -39.24M | -9.40M | -87.82M | -32.26M | -3.18M |
| Financing Cash Flow | -114.19M | -89.87M | -49.98M | -66.68M | -54.59M |
Monadelphous Group Limited Technical Analysis
Positive
29.10
Price Trends
29.96
Positive
29.46
Positive
28.90
Positive
Market Momentum
0.46
Positive
53.72
Neutral
40.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MND, the sentiment is Positive. The current price of 29.1 is below the 20-day moving average (MA) of 30.58, below the 50-day MA of 29.96, and above the 200-day MA of 28.90, indicating a bullish trend. The MACD of 0.46 indicates Positive momentum. The RSI at 53.72 is Neutral, neither overbought nor oversold. The STOCH value of 40.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MND.
Monadelphous Group Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$1.47B | 33.48 | 53.12% | 3.25% | 2.95% | 12.85% | |
71 Outperform | AU$3.10B | 24.27 | 22.77% | 3.50% | 29.43% | 50.05% | |
70 Outperform | AU$2.43B | 33.10 | 15.84% | 1.83% | 26.61% | 44.44% | |
67 Neutral | AU$3.48B | 22.21 | 23.03% | 3.05% | 31.39% | 451.49% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | AU$4.48B | 20.85 | 11.01% | 4.24% | -7.37% | 59.81% | |
51 Neutral | AU$1.67B | 12.51 | 14.45% | 1.50% | 34.24% | 1.87% |
* Industrials Sector Average
AU:MND
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Monadelphous Group Limited Corporate Events
Monadelphous Reports Lapse of 18,308 Performance Rights
Oct 5, 2026
Monadelphous Group Limited has reported the cessation of 18,308 performance rights classified as MNDAE securities. The rights lapsed on 30 September 2026 after the specified performance or vesting conditions were not met or became incapable of bei...
Monadelphous Sets AGM Date and Deadline for Board Nominations
Sep 29, 2026
Monadelphous Group Limited has scheduled its next Annual General Meeting for Tuesday, 24 November 2026, in line with Australian Securities Exchange listing requirements. The meeting will address standard governance matters, including the re-electi...
Monadelphous Director Increases Indirect Shareholding via Dividend Reinvestment Plan
Sep 24, 2026
Monadelphous Group Limited has reported a change in the indirect shareholding of director Helen Jane Gillies, as disclosed to the ASX under listing rule 3.19A.2. The change reflects adjustments within her family trust structure, rather than a broa...
Monadelphous Director Increases Holding via Dividend Reinvestment Plan
Sep 24, 2026
Monadelphous Group Limited has reported a change in the shareholding of director Susan Lee Murphy, who increased her direct holding in the company through participation in its dividend reinvestment plan. The transaction, completed on 24 September ...
Monadelphous Adds Shares to ASX Register via Dividend Plan
Sep 24, 2026
Monadelphous Group Limited has applied for quotation of 64,328 ordinary fully paid shares on the ASX, to be issued on September 24, 2026. The new securities arise under a dividend or distribution plan and will increase the company’s listed f...
Monadelphous Confirms DRP Pricing for June 2026 Distribution
Sep 21, 2026
Monadelphous Group Limited, listed on the ASX under the code MND, is an Australian engineering services company. It provides construction, maintenance and industrial services, primarily to resources, energy and infrastructure sectors, and its ordi...
Monadelphous Director Enrico Buratto Increases Indirect Shareholding
Aug 28, 2026
Monadelphous Group Limited has reported a change in director Enrico Paul Buratto’s indirect shareholding in the company. The update, lodged with the ASX, reflects routine compliance with disclosure rules governing director interests.Buratto,...
Monadelphous Delivers Record 2026 Revenue and Profit on Expanded Services
Aug 24, 2026
Monadelphous Group Limited reported a record full-year revenue of $2.98 billion for the year ended 30 June 2026, up 31.5 per cent on the prior period, driven by strong operating conditions across all sectors. Net profit after tax rose 52.1 per cen...
Monadelphous Publishes Comprehensive 2026 Consolidated Financial Report
Aug 24, 2026
Monadelphous Group Limited is an Australian engineering services provider focused on the resources, energy and infrastructure industries. It delivers construction, maintenance and industrial solutions to large mining and energy clients, anchoring ...
Monadelphous Declares AUD 0.59 Interim Dividend for Half-Year
Aug 24, 2026
Monadelphous Group Limited has declared a fully franked interim dividend of AUD 0.59 per ordinary share for the six-month period ended 30 June 2026, reinforcing its commitment to shareholder returns. The dividend will trade ex-dividend on 2 Septem...
Monadelphous lifts revenue, profit and dividends on strong FY2026 results
Aug 24, 2026
Monadelphous Group Limited reported a strong financial performance for the year ended 30 June 2026, with revenue rising 29% to $2.8 billion and profit after tax attributable to members climbing 52% to $127.3 million. The company lifted its total d...
Monadelphous wins $110m in new contracts across resources and energy
Aug 13, 2026
Monadelphous Group Limited has secured more than $110 million in new construction and maintenance work across the resources, energy and infrastructure sectors, reinforcing its role as a key contractor to major regional projects. The awards span Pa...
Monadelphous Wins $200m BHP Contract for Port Hedland Expansion
Aug 4, 2026
Monadelphous Group Limited has secured a major construction contract with BHP worth about $200 million for work on the Port Debottlenecking Project 2 at the Nelson Point Port Facility in Port Hedland, Western Australia. The scope covers installati...
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.