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MaxiPARTS Limited
(Sydney:MXI)
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Rating:68Neutral
Price Target:
AU$2.50
â–²(33.69% Upside)
Action:Reiterated
Date:09/06/26
The score is driven primarily by improving financial performance, especially the sharp recovery in operating and free cash flow and a healthier leverage profile, offset by meaningful gross margin volatility. Valuation adds support via a reasonable P/E and solid dividend yield, while technicals temper the outlook due to overbought signals despite a positive trend.
Positive Factors
Strong multi-year revenue growth
Revenue more than doubled across the period, demonstrating substantial business expansion and greater operating scale. Continued growth supports broader customer reach and can strengthen the company’s ability to spread costs, reinvest in its distribution network, and build durable earnings capacity.
Negative Factors
Sharp gross-margin volatility
The substantial gross-margin contraction raises questions about the durability of product economics, whether driven by pricing, mix, or cost pressure. Even with stable EBIT and EBITDA margins, persistent gross-margin volatility could make future earnings less predictable and constrain profit growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong multi-year revenue growth
Revenue more than doubled across the period, demonstrating substantial business expansion and greater operating scale. Continued growth supports broader customer reach and can strengthen the company’s ability to spread costs, reinvest in its distribution network, and build durable earnings capacity.
Read all positive factors
MaxiPARTS Limited (MXI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$127.25M
Dividend Yield4.28%
Average Volume (3M)50.80K
Price to Earnings (P/E)14.6
Beta (1Y)-0.34
Revenue Growth2.72%
EPS Growth12.33%
CountryAU
Employees786
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)0.16
Shares Outstanding55,565,956
10 Day Avg. Volume54,700
30 Day Avg. Volume50,799
Financial Highlights & Ratios
PEG Ratio0.63
Price to Book (P/B)0.72
Price to Sales (P/S)0.29
P/FCF Ratio2.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.95Price Target Upside57.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.21
Revenue Forecast (FY)AU$293.25M
MaxiPARTS Limited Business Overview & Revenue Model
Company Description
MaxiPARTS Limited, together with its subsidiary entities, operates across Australia, focusing on the distribution and retail of components for commercial trucks and trailers. Under the MaxiPARTS brand, the company supplies commercial vehicle parts...
How the Company Makes Money
MaxiPARTS makes money primarily by selling aftermarket parts, accessories, and related consumable products for commercial vehicles to trade customers (e.g., fleet operators, transport companies, and repair/workshop customers). Revenue is generated...
MaxiPARTS Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
66
Positive
Cash Flow
74
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 274.39M | 267.13M | 243.88M | 201.68M | 152.77M |
| Gross Profit | 30.86M | 89.74M | 79.03M | 22.32M | 43.88M |
| EBITDA | 27.87M | 25.43M | 13.24M | 18.14M | 12.22M |
| Net Income | 8.70M | 7.72M | 2.77M | 5.94M | -4.93M |
Balance Sheet | |||||
| Total Assets | 201.23M | 210.63M | 212.27M | 173.26M | 145.63M |
| Cash, Cash Equivalents and Short-Term Investments | 23.52M | 15.32M | 13.63M | 13.95M | 11.85M |
| Total Debt | 48.68M | 62.66M | 68.16M | 49.75M | 34.47M |
| Total Liabilities | 90.97M | 105.34M | 110.29M | 88.37M | 66.07M |
| Stockholders Equity | 110.26M | 105.29M | 100.08M | 83.42M | 79.56M |
Cash Flow | |||||
| Free Cash Flow | 28.59M | 16.18M | 9.24M | 13.47M | -12.17M |
| Operating Cash Flow | 29.83M | 17.28M | 10.64M | 15.07M | -11.35M |
| Investing Cash Flow | -3.16M | 1.23M | -32.39M | -10.55M | 10.89M |
| Financing Cash Flow | -18.47M | -16.82M | 21.43M | -2.42M | -10.13M |
MaxiPARTS Limited Technical Analysis
Positive
1.87
Price Trends
1.54
Positive
1.53
Positive
1.79
Positive
Market Momentum
0.17
Negative
74.55
Negative
92.31
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MXI, the sentiment is Positive. The current price of 1.87 is above the 20-day moving average (MA) of 1.74, above the 50-day MA of 1.54, and above the 200-day MA of 1.79, indicating a bullish trend. The MACD of 0.17 indicates Negative momentum. The RSI at 74.55 is Negative, neither overbought nor oversold. The STOCH value of 92.31 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MXI.
MaxiPARTS Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$1.58B | 17.03 | 12.52% | 3.65% | -3.83% | -5.92% | |
70 Neutral | AU$3.03B | 14.75 | 16.02% | 5.05% | 3.19% | -7.17% | |
68 Neutral | AU$127.25M | 14.61 | 7.99% | 4.28% | 2.72% | 12.33% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
52 Neutral | AU$588.66M | -0.89 | -68.06% | 11.18% | -2.61% | -1584.86% | |
50 Neutral | AU$322.27M | 11.73 | 4.82% | 6.44% | 11.24% | -22.58% | |
43 Neutral | AU$29.35M | -2.33 | -18.29% | 5.36% | -17.25% | 74.53% |
* Consumer Cyclical Sector Average
AU:MXI
MaxiPARTS Limited
2.24
-0.17
-7.02%
AU:ARB
ARB Corporation
18.97
-19.29
-50.42%
AU:BAP
Bapcor Ltd
0.83
-1.71
-67.36%
AU:ASG
Autosports Group Ltd
1.48
-1.74
-54.11%
AU:SUL
Super Retail Group Limited
13.42
-4.23
-23.97%
AU:NTD
National Tyre & Wheel Ltd.
0.18
-0.17
-48.53%
MaxiPARTS Limited Corporate Events
Aware Super Ceases to Be Substantial Shareholder in MaxiPARTS
Sep 3, 2026
MaxiPARTS Limited has disclosed that Aware Super Pty Ltd, as trustee of Aware Super, has ceased to be a substantial shareholder in the company, according to a statutory notice lodged under the Corporations Act. The change, which reflects movements...
MaxiPARTS Enters Exclusive Talks With Ares and Buys Air Brake Systems
Sep 2, 2026
MaxiPARTS has received a conditional, non-binding proposal from Ares Management Asia to acquire all its shares via a scheme of arrangement at $2.50 per share in cash, implying an enterprise value of about $132 million and offering premiums of up t...
MaxiPARTS Performance Rights Lapse After Vesting Conditions Not Met
Aug 21, 2026
MaxiPARTS Limited has notified the market of a cessation of 123,716 performance rights, recorded under ASX security code MXIAI. These rights lapsed after the conditions attached to their conversion into securities were not met or became incapable ...
MaxiPARTS declares interim dividend for June half-year
Aug 20, 2026
MaxiPARTS Limited has declared a fully franked interim dividend of AUD 0.0546 per ordinary share, covering the six-month period ended 30 June 2026. The dividend will trade ex on 26 August, with a record date of 27 August and payment scheduled for ...
MaxiPARTS posts stronger FY26 profit, boosts dividends on robust cash flow
Aug 20, 2026
MaxiPARTS Limited reported full-year FY26 results showing solid growth in earnings and cash generation despite macro headwinds, including impacts from the Iranian conflict on fuel prices and supply. Revenue rose 2.7 percent to 274.4 million Austra...
MaxiPARTS lifts earnings and dividends as revenue grows in FY26
Aug 20, 2026
MaxiPARTS Limited reported a solid financial performance for the year ended 30 June 2026, with revenue rising 2.7% to $274.4 million despite softening market conditions linked to the Iranian conflict in the second half. Growth was driven by organi...
MaxiPARTS Sets Investor Webinar for FY26 Results
Aug 12, 2026
MaxiPARTS Limited will release its financial results for the full year ended 30 June 2026 on 20 August 2026 and is inviting investors to a dedicated results webinar the following day. The session, hosted by CEO and Managing Director Peter Loimaran...
MaxiPARTS Lifts FY26 Profit Guidance and Bolsters Executive Bench
Jul 23, 2026
MaxiPARTS Limited has upgraded its FY26 guidance, forecasting record operating profit before tax of $14.2 million, a 12% increase on the prior year, on revenue of $274.4 million, up 3%. Despite market disruption linked to the Iran conflict and hig...
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.