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Monadelphous Group Limited
(Sydney:MND)
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Rating:71Outperform
Price Target:
AU$31.00
â–²(6.53% 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
The sharp increase in revenue and net income indicates stronger project activity and operating leverage. If execution remains effective, this expanded earnings base can support further growth across resources, energy, and infrastructure contracts.
Negative Factors
Cyclical and Uneven Revenue
Contract wins, customer capital spending, and resource-sector activity can make revenue lumpy. This cyclicality may produce uneven utilization and earnings between projects, limiting the predictability of medium-term growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue and Profit Growth
The sharp increase in revenue and net income indicates stronger project activity and operating leverage. If execution remains effective, this expanded earnings base can support further growth across resources, energy, and infrastructure contracts.
Read all positive factors
Monadelphous Group Limited (MND) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.86B
Dividend Yield3%
Average Volume (3M)221.51K
Price to Earnings (P/E)22.7
Beta (1Y)0.94
Revenue Growth29.43%
EPS Growth50.05%
CountryAU
Employees7,482
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)1.27
Shares Outstanding100,522,610
10 Day Avg. Volume172,456
30 Day Avg. Volume221,508
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$29.92Price Target Upside2.80% 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 | 128.11M | 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 Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$1.07B | 29.48 | 53.12% | 4.50% | 2.95% | 12.85% | |
71 Outperform | AU$2.86B | 22.71 | 22.77% | 2.98% | 29.43% | 50.05% | |
70 Outperform | AU$2.42B | 33.28 | 13.26% | 1.73% | 26.61% | 44.44% | |
67 Neutral | AU$3.57B | 22.97 | 23.03% | 3.20% | 31.39% | 451.49% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | AU$4.42B | 20.42 | 11.01% | 3.39% | -7.37% | 59.81% | |
54 Neutral | AU$2.09B | 26.48 | 8.79% | 1.31% | 34.24% | 1.87% |
* Industrials Sector Average
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Monadelphous Group Limited Corporate Events
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...
Monadelphous cancels 11,236 performance rights after vesting conditions lapse
Jul 1, 2026
Monadelphous Group Limited has notified the market of changes to its issued capital, following the lapse of a tranche of employee performance rights. The company reported that 11,236 MNDAE performance rights ceased on June 30, 2026 because the con...
Monadelphous MD Increases Shareholding Through Performance Rights Vesting
Jul 1, 2026
Monadelphous Group Limited has disclosed a change in the interests of Managing Director Zoran Bebic, reflecting the vesting and exercise of performance rights into ordinary shares. Following the transaction on 1 July 2026, Bebic’s indirect h...
Monadelphous to List 429,648 New Ordinary Shares on ASX
Jul 1, 2026
Monadelphous Group Limited has applied for the quotation of 429,648 fully paid ordinary shares on the Australian Securities Exchange. The new securities, issued on July 1, 2026, expand the company’s listed share base and reflect the conversi...
Monadelphous Wins Over $200m in New Resources and Energy Contracts
Jun 30, 2026
Monadelphous Group Limited has announced new construction and maintenance contracts in the resources and energy sectors worth more than $200 million, reinforcing its role as a key engineering services provider. The awards span wind power, gas, and...
Monadelphous Wins $380m CS Energy Contract for Brigalow Peaking Plant
Jun 4, 2026
Monadelphous Group Limited has secured a major $380 million contract from CS Energy to deliver balance-of-plant construction and install 12 aeroderivative gas turbine generator units for the Brigalow Peaking Power Plant near Chinchilla, Queensland...
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.