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Metarock Group Limited
(Sydney:MYE)
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Rating:57Neutral
Price Target:
AU$0.67
â–²(380.71% Upside)
Action:Reiterated
Date:10/22/26
The score is supported primarily by improved financial fundamentals—strong cash generation and significantly reduced leverage. This is weighed down by weak near-term technicals (trading below key moving averages with subdued momentum) and a very high P/E valuation with no dividend yield provided.
Positive Factors
Strong Cash Generation
Improving operating and free cash flow indicates that the business is currently converting activity into meaningful liquidity. This supports internal funding for operations and investment, strengthens resilience, and provides greater flexibility across the next several quarters.
Negative Factors
Unstable Profitability
Volatile margins and uneven net income make it harder to assess the company’s sustainable earnings power. The sharp decline after unusually high 2024 profitability suggests that reported results may not consistently translate into durable profits over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
Improving operating and free cash flow indicates that the business is currently converting activity into meaningful liquidity. This supports internal funding for operations and investment, strengthens resilience, and provides greater flexibility across the next several quarters.
Read all positive factors
Metarock Group Limited (MYE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$200.75M
Dividend Yield3.45%
Average Volume (3M)523.43K
Price to Earnings (P/E)107.3
Beta (1Y)0.87
Revenue Growth11.17%
EPS Growth34.78%
CountryAU
Employees689
SectorBasic Materials
Sector Strength58
IndustryEngineering & Construction
Share Statistics
EPS (TTM)<0.01
Shares Outstanding308,850,070
10 Day Avg. Volume510,298
30 Day Avg. Volume523,434
Financial Highlights & Ratios
PEG Ratio4.59
Price to Book (P/B)1.22
Price to Sales (P/S)0.39
P/FCF Ratio5.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.04
Revenue Forecast (FY)AU$276.50M
Metarock Group Limited Business Overview & Revenue Model
Company Description
Metarock Group Limited, headquartered in Mackay, Australia, offers a comprehensive range of mining, contracting, and training services. Established in 1996, the company primarily caters to underground longwall mining operations and supplies indust...
Metarock Group Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
84
Very Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 237.70M | 213.82M | 294.39M | 514.21M | 452.70M |
| Gross Profit | 25.38M | 13.58M | 234.95M | 1.47M | 11.00K |
| EBITDA | 12.79M | 11.73M | 49.12M | -38.70M | 17.31M |
| Net Income | 1.91M | 1.71M | 39.64M | -74.01M | -12.56M |
Balance Sheet | |||||
| Total Assets | 125.82M | 107.48M | 117.95M | 226.96M | 299.15M |
| Cash, Cash Equivalents and Short-Term Investments | 47.22M | 30.42M | 26.04M | 12.90M | 5.23M |
| Total Debt | 3.34M | 5.14M | 7.22M | 71.93M | 101.34M |
| Total Liabilities | 49.13M | 33.50M | 44.37M | 194.20M | 215.97M |
| Stockholders Equity | 76.69M | 73.97M | 73.58M | 32.76M | 83.19M |
Cash Flow | |||||
| Free Cash Flow | 18.19M | 13.07M | 12.78M | -30.14M | -21.38M |
| Operating Cash Flow | 20.29M | 16.91M | 17.00M | -383.00K | 20.44M |
| Investing Cash Flow | -1.34M | -3.40M | 67.51M | -9.57M | -54.24M |
| Financing Cash Flow | -2.14M | -9.12M | -71.38M | 17.62M | 14.64M |
Metarock Group Limited Technical Analysis
Neutral
0.14
Price Trends
0.68
Negative
0.53
Positive
0.36
Positive
Market Momentum
-0.02
Positive
46.31
Neutral
47.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MYE, the sentiment is Neutral. The current price of 0.14 is below the 20-day moving average (MA) of 0.71, below the 50-day MA of 0.68, and below the 200-day MA of 0.36, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 46.31 is Neutral, neither overbought nor oversold. The STOCH value of 47.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:MYE.
Metarock Group Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Neutral | AU$2.41B | -40.76 | -2.42% | 4.38% | -6.27% | -1593.02% | |
68 Neutral | AU$8.25B | 27.46 | 3.26% | 3.07% | -1.15% | -69.35% | |
64 Neutral | AU$6.50B | 16.60 | 6.64% | 1.25% | -7.39% | -39.72% | |
62 Neutral | AU$5.15B | 30.53 | 6.17% | 6.56% | 0.19% | -63.33% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | AU$200.75M | 107.26 | 2.51% | 3.45% | 11.17% | 34.78% | |
45 Neutral | AU$80.19M | -1.08 | -37.07% | 4.83% | -21.07% | -150.50% |
* Basic Materials Sector Average
AU:MYE
Metarock Group Limited
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Metarock Group Limited Corporate Events
Mastermyne adds new shares to ASX register following securities conversion
Oct 19, 2026
Mastermyne Group Limited has applied for quotation of an additional 25,908 ordinary fully paid shares on the Australian Securities Exchange, to be issued on 20 October 2026. The modest increase in quoted securities expands the company’s shar...
Metarock Discloses New Director Appointment and Shareholding Details
Sep 1, 2026
Metarock Group Limited has announced the appointment of Gerhardus Redelinghuys as a director effective 1 September 2026, formalising his role on the company’s board. The filing also discloses his indirect holding of 908,596 fully paid ordina...
Mastermyne adds veteran resources executive to board to support growth strategy
Aug 31, 2026
Mastermyne Group Limited has appointed experienced resources executive Gerhard Redelinghuys as an independent non-executive director, effective 1 September 2026. Redelinghuys brings more than three decades of experience across mining operations, p...
Mastermyne lifts earnings and order book on coal contract momentum
Aug 26, 2026
Mastermyne, part of Metarock Group Limited, is Australia’s leading underground coal mining solutions partner, supplying mining services, labour solutions and strata consolidation products to major coal producers. The company’s exclusiv...
Mastermyne Returns to Growth With Strong FY26 Results and Expanding Contract Pipeline
Aug 26, 2026
Mastermyne reported a strong rebound in FY26, with revenue rising 13% to $237.7 million and underlying EBITDA up 47% to $20.3 million, both beating guidance, while underlying NPBT surged 148% to $15.7 million and net cash climbed 60% to $46.5 mill...
Mastermyne Strengthens Market-Leading Role in Underground Coal Services
Aug 26, 2026
Mastermyne Group Limited has reinforced its position as a market-leading provider of underground coal mining solutions across Australia’s major coal basins. Through the Mastermyne and Wilson Mining brands, the company delivers mining service...
Metarock (Mastermyne) Files Updated Corporate Governance Statement with ASX
Aug 26, 2026
Metarock Group Limited, operating under the Mastermyne Group Limited name in this filing, is an ASX-listed mining services contractor focused on underground coal and resources projects in Australia. It provides specialist mining and production sup...
Metarock boosts underlying profit but withholds dividend to fund growth
Aug 25, 2026
Metarock Group Limited reported a strong uplift in underlying performance for the year to 30 June 2026, with revenue from continuing operations rising 13% to $237.7 million and underlying profit after tax from continuing operations surging 186% to...
Mastermyne Seeks ASX Quotation for Additional Ordinary Shares
Aug 17, 2026
Mastermyne Group Limited has applied for the quotation of 114,368 new ordinary fully paid shares on the Australian Securities Exchange, with the securities issued on 17 August 2026. The additional shares, arising from the exercise or conversion of...
Mastermyne wins up to $255m Dendrobium mining services contract
Aug 4, 2026
Mastermyne Group Limited has expanded its role at GM3’s Dendrobium underground metallurgical coal mine in New South Wales through a new mining services contract, reinforcing its presence in Australia’s east coast coal basins. The deal ...
Mastermyne Seeks ASX Quotation for 11,437 New Ordinary Shares
Jul 30, 2026
Mastermyne Group Limited has applied for quotation of 11,437 new fully paid ordinary shares on the ASX, with an issue date of 31 July 2026. The relatively small share issuance, arising from the exercise or conversion of existing securities, repres...
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.