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Mayfield Group Holdings Limited (MYG) AI Stock Analysis

AU:MYG

Mayfield Group Holdings Limited

(ASX:MYG)

Select Model
Rating:63Neutral
Price Target:AUD 1.50â–¼(-6.54% Downside)
Action:reiterated
Date:10/22/26

The score is driven primarily by improving financial performance and a notably strong balance sheet, partially offset by inconsistent cash-flow conversion (including negative free cash flow in 2026). Technicals meaningfully reduce the score due to a clear downtrend and bearish momentum, while valuation is neutral-to-slightly supportive thanks to a moderate P/E and a ~2.8% dividend yield.

Positive Factors
Revenue and earnings growthStrong revenue growth across 2023–2026, combined with positive net income in each of those years, indicates improved commercial execution and customer demand. This provides a stronger earnings base for the next several quarters, although sustaining profitability remains important.
Negative Factors
Negative 2026 free cash flowNegative free cash flow in 2026 shows that accounting profitability and operating cash generation did not fully translate into cash available after investment or working-capital needs. If sustained, this could limit internally funded growth and reduce flexibility for capital allocation.

Mayfield Group Holdings Limited (MYG) vs. iShares MSCI Australia ETF (EWA)

-40%-20%0%20%40%60%80%AU:MYG-15.57%EWA+13.51%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
AUD 188.32M
Dividend Yield
2.74%
Average Volume (3M)
445.69K
Price to Earnings (P/E)
21.5
Beta (1Y)
1.04
Revenue Growth
43.14%
EPS Growth
3.04%
Country
Australia
Employees
437
Sector
Technology
Sector Strength
61
Industry
Electrical Equipment & Parts

Mayfield Group Holdings Limited Business Overview & Revenue Model

Company Description

Mayfield Group Holdings Limited, together with its subsidiaries, provides electrical and telecommunications infrastructure products and services in Australia. It offers switchboards, kiosks, and transportable switch rooms for critical electrical infr...

How the Company Makes Money

MYG makes money primarily by delivering contracted electrical engineering and services work to commercial, industrial, and infrastructure clients. Revenue is earned through (1) project-based contracting where MYG is paid for engineering design, procu...

Mayfield Group Holdings Limited Financial Statement Overview

Summary

Overall fundamentals are improving: strong revenue growth from 2023–2026 and positive net income in each of the last four annual periods (2023–2026). The balance sheet is a key strength with low leverage in 2023–2025 and sharply higher equity by 2026. The main drag is cash-flow consistency, with negative free cash flow in 2026 and historically volatile cash generation.

Income Statement

74Positive

Balance Sheet

86Very Positive

Cash Flow

58Neutral
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue168.85M168.70M118.14M85.52M77.58M82.03M
Gross Profit23.12M22.97M53.88M9.57M41.74M36.89M
EBITDA17.35M17.20M11.46M6.97M6.08M-859.68K
Net Income8.04M8.04M6.76M5.10M5.80M-1.81M
Balance Sheet
Total Assets143.61M143.61M65.95M57.35M49.12M43.88M
Cash, Cash Equivalents and Short-Term Investments23.10M23.10M16.92M16.32M4.95M2.64M
Total Debt6.87M6.87M2.33M3.26M3.86M8.55M
Total Liabilities63.58M63.58M31.26M23.20M19.32M22.48M
Stockholders Equity80.03M80.03M34.69M34.15M29.80M21.40M
Cash Flow
Free Cash Flow-5.54M-5.54M8.78M15.27M7.72M773.19K
Operating Cash Flow5.03M5.03M9.51M16.07M8.63M1.75M
Investing Cash Flow-26.68M-26.68M-708.19K-331.37K-848.81K2.39M
Financing Cash Flow26.56M26.56M-8.20M-4.36M-5.48M-2.89M

Mayfield Group Holdings Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price1.60

Price Trends

50DMA2.04Negative
100DMA2.28Negative
200DMA2.41Negative

Market Momentum

MACD-0.13Positive
RSI36.03Neutral
STOCH61.40Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MYG, the sentiment is Negative. The current price of 1.60 is below the 20-day moving average (MA) of 1.87, below the 50-day MA of 2.04, and below the 200-day MA of 2.41, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 36.03 is Neutral, neither overbought nor oversold. The STOCH value of 61.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MYG.

Mayfield Group Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

AU:MYG against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
AU:MYGAU:MYG63NeutralAUD 188.33M21.5410.50%2.74%43.14%3.04%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
AU:LISAU:LIS41NeutralAUD 92.83M-18.83-14.96%――23.76%
AU:CMGAU:CMG40UnderperformAUD 8.40M-1.61-85.01%――-9.35%
AU:CMXAU:CMX34UnderperformAUD 3.35M-4.0676.30%――99.03%
AU:NVXAU:NVX26UnderperformAUD 82.83M-0.42-63.44%―-53.32%-5.22%

* Technology Sector Average

Performance Comparison

-50%0%50%AU:MYGAU:NVXAU:CMXAU:LISAU:CMGDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
AU:MYG and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:MYGMayfield Group Holdings Limited1.60-0.25-13.57%
AU:NVXNOVONIX Ltd0.08-0.48-85.31%
AU:CMXChemX Materials Limited0.030.000.00%
AU:LISLi-S Energy Ltd0.14-0.02-9.38%
AU:CMGCritical Minerals Group Ltd.0.06-0.11-63.53%

Mayfield Group Holdings Limited Corporate Events

Mayfield Group Wins Strong Shareholder Backing for Board, Pay and Capital Flexibility

Oct 20, 2026

Mayfield Group Holdings Limited shareholders have overwhelmingly backed all resolutions at the 20 October 2026 meeting, including the remuneration report, with no strike recorded, and the re-election of directors Simon Higgins and Henderson, undersco...

Mayfield Group Issues New Shares and Confirms Corporations Act Compliance

Oct 12, 2026

Mayfield Group Holdings Limited has issued 20,000 ordinary shares on 8 November 2026, advising that the shares were issued without a disclosure document under Part 6D.2 of the Corporations Act. The company confirms it is fully compliant with relevant...

Mayfield Group Seeks ASX Quotation for Additional Ordinary Shares

Oct 12, 2026

Mayfield Group Holdings Limited, trading on the ASX as MYG, participates in the broader industrial and engineering market with ordinary fully paid shares forming the core of its listed equity. The company’s ASX presence underpins its access to...

Mayfield Group Sets 2026 AGM to Consider Capital Moves and Board Re-elections

Sep 17, 2026

Mayfield Group Holdings Limited has called its 2026 Annual General Meeting for 20 October in Edinburgh, South Australia, where shareholders will review the financial results for the year ended 30 June 2026 and vote on key governance matters. The agen...

Mayfield Director Increases Indirect Shareholding Through On‑Market Purchase

Sep 15, 2026

Mayfield Group Holdings has reported a change in director Lindsay Phillips’ indirect interest in the company, with Nightingale Partners Pty Ltd increasing its holding of ordinary fully paid shares. The stake rose by 750,000 shares on 15 Septemb...

Mayfield Director Rodney Henderson Increases Indirect Shareholding

Sep 10, 2026

Mayfield Group Holdings Limited has disclosed a change in director Rodney Henderson’s relevant interest in the company’s shares, reflecting an on-market purchase made through his indirect holding entity, Willipop Pty Limited. Henderson in...

Mayfield Group Adds 20,000 New Shares to ASX Quotation

Aug 31, 2026

Mayfield Group Holdings Limited has applied for quotation of an additional 20,000 ordinary fully paid shares on the ASX, expanding its listed securities base under the ticker MYG. The new shares were issued on August 31, 2026, following the exercise...

Mayfield Group Delivers Record FY2026 Results and Signals Strong FY2027 Growth

Aug 27, 2026

Mayfield Group Holdings Limited reported record revenue of $169 million for FY2026, up 43 per cent on the prior year, with underlying EBITDA rising 54 per cent to $18.5 million and underlying NPAT increasing 50.1 per cent to $10.9 million. Statutory...

Mayfield Group posts record profit and ramps up growth platform

Aug 27, 2026

Mayfield Group Holdings has reported record FY2026 financial results, with revenue rising 43 percent to $169 million and underlying EBITDA up 54 percent to $18.5 million, supported by margin expansion and strong demand across mining, utilities, trans...

Mayfield Group Declares AUD 0.024 Dividend for FY2026

Aug 26, 2026

Mayfield Group Holdings Limited has declared a dividend of AUD 0.024 per ordinary fully paid share for the 12‑month period ended 30 June 2026. The distribution timetable sets an ex‑dividend date of 3 September 2026, a record date of 4 Sep...

Mayfield lifts FY2026 dividend and commits to regular fully franked payouts

Aug 26, 2026

Mayfield Group Holdings has declared a fully franked final dividend of 2.4 cents per share for FY2026, up from 2.2 cents a year earlier, lifting the total final payout to about $2.855 million. Combined with the interim dividend of $2.314 million, sha...

Mayfield Group Sets Date for FY26 Results and Investor Webinar

Aug 14, 2026

Mayfield Group Holdings Limited has notified investors that it will release its full‑year results for the period ended 30 June 2026 on Thursday, 27 August 2026, underscoring its role as a key supplier of electrical infrastructure to sectors cen...

Mayfield Group seals Nilsen switchboards acquisition to power FY27 growth

Aug 2, 2026

Mayfield Group Holdings has completed the acquisition of the Switchboards Division of Nilsen (SA) Pty Ltd, securing the N-Series product platform, associated intellectual property, customer contracts, manufacturing assets and 63 employees who will mi...

Mayfield Group Issues New Shares Under Streamlined Disclosure Rules

Jul 29, 2026

Mayfield Group Holdings has issued 1,066,561 new ordinary shares on 29 July 2026, expanding its share capital without a prospectus or other disclosure document under Part 6D.2 of the Corporations Act. The move indicates the company is utilising strea...

Mayfield Group Issues Earn‑Out Shares After SMEC Hits FY26 Targets

Jul 29, 2026

Mayfield Group Holdings Limited has applied for quotation of 1,066,561 new ordinary fully paid shares on the ASX, expanding its listed equity under the ticker MYG. These securities arise from an agreed earn‑out mechanism linked to FY26 performa...

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.

Date of analysis: Oct 22, 2026