Metro Performance Glass Ltd (MPG) AI Stock Analysis

Metro Performance Glass Ltd

(NZX:MPG)

Select Model

Rating:58Neutral

Price Target:NZD 0.84▼(-16.22% Downside)

Action:initiatedcoverage

Date:10/05/26

The overall score reflects a company in early turnaround: profitability is close to breakeven with a history of losses and earnings volatility, while leverage remains elevated but has been reduced materially and cash generation recently strengthened.[1][4][7][9][11] Technicals provide a supportive but not decisive backdrop, with improving short‑term momentum offset by a still-weak longer‑term trend.["PriceTrends","MarketMomentum"] The low P/E offers valuation upside, but the absence of dividends and still-modest, fragile earnings temper the investment case, keeping the stock in the upper half of the scoring range rather than a high-conviction pick.[4][9]["PeRatio"]

Positive Factors

Revenue RecoveryThe return to 14% revenue growth indicates that demand and project activity improved after two weaker years. If maintained, renewed top-line expansion can improve operating leverage, support better utilisation of the company’s manufacturing network, and strengthen earnings recovery over the next several quarters.

Negative Factors

Persistent Net LossesThe company has not yet returned to sustainable net profitability, leaving earnings vulnerable if revenue growth moderates or operating costs rise. Continued losses also reduce retained capital and limit the financial flexibility available to fund investment, reduce debt, or absorb weaker construction activity.

Metro Performance Glass Ltd (MPG) vs. SPDR S&P 500 ETF (SPY)

Market Cap: NZD 6.46M
Dividend Yield: ―
Average Volume (3M): 4,155
Price to Earnings (P/E): 4.0
Beta (1Y): 0.81
Revenue Growth: -2.69%
EPS Growth: ―
Country: NZ
Employees: 826
Sector: Industrials
Sector Strength: 63
Industry: Construction Materials

Metro Performance Glass Ltd Business Overview & Revenue Model

Company Description

Metro Performance Glass Limited, together with its subsidiaries, supplies processed flat glass and related products for the residential and commercial building sectors in New Zealand and Australia. It offers glass splashbacks, mirror glass, internal...

Metro Performance Glass Ltd Financial Statement Overview

Summary

Financial performance is mid-range, with FY2026 revenue around NZ$208m but a small net loss and a history of volatile EBIT and recurring negative net margins, indicating still-fragile profitability despite improvement.[4][9] Strong recent operating and free cash flow and materially reduced net debt support the turnaround narrative, but elevated leverage and modest net asset levels for a cyclical business cap the score.[1][4][7][11]

Income Statement

46Neutral

Balance Sheet

44Neutral

Cash Flow

64Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	208.16M	208.16M	213.92M	239.28M	263.52M	236.06M
Gross Profit	79.34M	79.29M	83.27M	98.63M	105.07M	93.59M
EBITDA	25.30M	25.30M	6.94M	-5.28M	14.29M	24.60M
Net Income	-939.00K	-939.00K	-13.47M	-27.51M	-10.55M	-459.00K
Balance Sheet
Total Assets	195.95M	195.95M	203.91M	218.92M	254.60M	272.14M
Cash, Cash Equivalents and Short-Term Investments	8.27M	8.27M	6.54M	6.63M	7.30M	13.06M
Total Debt	104.77M	104.77M	143.60M	138.06M	145.25M	146.60M
Total Liabilities	136.00M	136.00M	168.33M	169.93M	179.14M	186.61M
Stockholders Equity	59.96M	59.96M	35.58M	48.99M	75.47M	85.53M
Cash Flow
Free Cash Flow	12.85M	12.85M	-937.00K	14.93M	-1.60M	2.85M
Operating Cash Flow	15.68M	15.68M	2.07M	18.92M	5.13M	13.25M
Investing Cash Flow	-2.71M	-2.71M	-1.88M	-3.89M	-6.28M	-10.13M
Financing Cash Flow	-11.61M	-11.61M	-477.00K	-16.07M	-4.67M	2.51M

Metro Performance Glass Ltd Technical Analysis

Technical Analysis SentimentPositive

Last Price1.00

Price Trends

50DMA0.85Positive

100DMA0.95Positive

200DMA1.10Negative

Market Momentum

MACD0.03Negative

RSI76.40Negative

STOCH78.77Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NZ:MPG, the sentiment is Positive. The current price of 1.00 is above the 20-day moving average (MA) of 0.85, above the 50-day MA of 0.85, and below the 200-day MA of 1.10, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 76.40 is Negative, neither overbought nor oversold. The STOCH value of 78.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NZ:MPG.

Metro Performance Glass Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

NZ:MPG against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NZ:MFT	65Neutral	NZD 7.18B	22.92	14.31%	2.84%	11.51%	23.64%
NZ:FRW	64Neutral	NZD 2.28B	24.42	17.19%	4.17%	13.50%	17.16%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
NZ:PGW	58Neutral	NZD 166.82M	10.64	8.41%	4.96%	10.15%	46.00%
NZ:MPG	58Neutral	NZD 24.71M	4.02	-1.54%	―	-2.69%	―
NZ:MOV	44Neutral	NZD 23.23M	47.89	6.10%	―	1.52%	―

* Industrials Sector Average

Performance Comparison

NZ:MPG and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
NZ:MPG	Metro Performance Glass Ltd	1.00	-0.76	-42.90%
NZ:FRW	Freightways	12.70	-0.64	-4.81%
NZ:MFT	Mainfreight	71.27	5.56	8.47%
NZ:PGW	PGG Wrightson	2.21	0.11	5.04%
NZ:MOV	Move Logistics Group Limited	0.18	-0.05	-20.87%

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 05, 2026

Metro Performance Glass Ltd AI Stock Analysis