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Mayfield Group Holdings Limited
(Sydney:MYG)
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Rating:65Neutral
Price Target:
AU$2.00
▼(-14.89% Downside)
Action:Reiterated
Date:08/28/26
The score is primarily supported by improving financial performance and a strong, low-leverage balance sheet. Offsetting this are weaker technical trends (below key longer-term moving averages with negative MACD) and a valuation that looks only moderate given the P/E, despite a modest dividend yield.
Positive Factors
Strong revenue growth
Strong multi-year revenue growth indicates expanding demand for Mayfield’s electrical engineering, project delivery, and asset services. If sustained, higher activity can improve operating leverage, support workforce utilisation, and strengthen the company’s position across industrial and infrastructure markets over the next several quarters.
Negative Factors
2026 free cash flow reversal
The shift to negative free cash flow in 2026 reduces confidence that accounting earnings are converting consistently into discretionary cash. It may reflect heavier investment or working-capital demands, limiting funds available for debt reduction, dividends, or internally financed growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Strong multi-year revenue growth indicates expanding demand for Mayfield’s electrical engineering, project delivery, and asset services. If sustained, higher activity can improve operating leverage, support workforce utilisation, and strengthen the company’s position across industrial and infrastructure markets over the next several quarters.
Read all positive factors
Mayfield Group Holdings Limited (MYG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$234.63M
Dividend Yield2.18%
Average Volume (3M)505.18K
Price to Earnings (P/E)27.1
Beta (1Y)0.94
Revenue Growth43.14%
EPS Growth3.04%
CountryAU
Employees437
SectorTechnology
Sector Strength88
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.07
Shares Outstanding117,316,444
10 Day Avg. Volume503,901
30 Day Avg. Volume505,184
Financial Highlights & Ratios
PEG Ratio19.01
Price to Book (P/B)3.96
Price to Sales (P/S)1.88
P/FCF Ratio-57.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$3.23Price Target Upside37.45% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.11
Revenue Forecast (FY)AU$215.40M
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 i...
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, pr...
Mayfield Group Holdings Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
58
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 168.70M | 118.14M | 85.52M | 77.58M | 82.03M |
| Gross Profit | 22.97M | 53.88M | 9.57M | 41.74M | 36.89M |
| EBITDA | 17.20M | 10.44M | 6.97M | 6.30M | -428.12K |
| Net Income | 8.04M | 6.76M | 5.10M | 5.80M | -1.81M |
Balance Sheet | |||||
| Total Assets | 143.61M | 65.95M | 57.35M | 49.12M | 43.88M |
| Cash, Cash Equivalents and Short-Term Investments | 23.10M | 16.92M | 16.32M | 4.95M | 2.64M |
| Total Debt | 6.87M | 2.33M | 3.26M | 3.86M | 8.55M |
| Total Liabilities | 63.58M | 31.26M | 23.20M | 19.32M | 22.48M |
| Stockholders Equity | 80.03M | 34.69M | 34.15M | 29.80M | 21.40M |
Cash Flow | |||||
| Free Cash Flow | -5.54M | 8.78M | 15.27M | 7.72M | 773.19K |
| Operating Cash Flow | 5.03M | 9.51M | 16.07M | 8.63M | 1.75M |
| Investing Cash Flow | -26.68M | -708.19K | -331.37K | -848.81K | 2.39M |
| Financing Cash Flow | 26.56M | -8.20M | -4.36M | -5.48M | -2.89M |
Mayfield Group Holdings Limited Technical Analysis
Negative
2.35
Price Trends
2.27
Negative
2.55
Negative
2.54
Negative
Market Momentum
-0.05
Positive
38.45
Neutral
19.84
Positive
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 2.35 is above the 20-day moving average (MA) of 2.17, above the 50-day MA of 2.27, and below the 200-day MA of 2.54, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 38.45 is Neutral, neither overbought nor oversold. The STOCH value of 19.84 is Positive, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | AU$234.63M | 27.11 | 10.50% | 2.18% | 43.14% | 3.04% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | AU$99.23M | -19.48 | -14.96% | ― | ― | 23.76% | |
44 Neutral | AU$8.45M | -1.99 | -73.44% | ― | ― | -5.93% | |
42 Neutral | AU$35.62M | -1.91 | -22.98% | ― | -50.11% | -160.00% | |
40 Underperform | AU$104.77M | -0.54 | -63.44% | ― | -53.32% | -5.22% | |
34 Underperform | AU$3.35M | -0.59 | -80.70% | ― | ― | 91.86% |
* Technology Sector Average
AU:MYG
Mayfield Group Holdings Limited
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Mayfield Group Holdings Limited Corporate Events
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...
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 exerci...
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. Statuto...
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, tr...
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 ...
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, ...
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 ...
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...
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 st...
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 perfo...
Mayfield Group to Acquire Nilsen SA Switchboard Division in $4m Deal
Jul 13, 2026
Mayfield Group Holdings Limited has agreed to acquire the Switchboard Division of Nilsen (SA) Pty Ltd for $4 million in cash, funded entirely from existing reserves. The transaction includes the transfer of employees, intellectual property, invent...
Mayfield Group buys Nilsen switchboard unit to boost growth
Jul 13, 2026
Mayfield Group Holdings Limited has agreed to acquire the Switchboards Division of Nilsen (SA) Pty Ltd for $4 million in cash, securing the N-Series product platform, associated intellectual property and approximately 66 specialist employees. The ...
Mayfield Group Issues New Unquoted Partly Paid Shares
Jul 2, 2026
Mayfield Group Holdings Limited has notified the market of the issue of 32,000 new unquoted partly paid shares under a new class of securities to be confirmed by the ASX. The issuance, effective 2 July 2026, slightly expands the company’s ca...
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.