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Monadelphous Group (MND)

ASX.MND $10.12

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ASX.MND $10.12

20 MINUTE DELAYED

TODAY

-2.41 %

1 YEAR RETURN

1.77%

VOLUME

125,256

DIV YIELD

4.34%

PE RATIO

21.62

52 WEEK RANGE

8.68

12.90

ANALYSIS
OPINION
ACTION

ANALYSIS

Overview

SHARE PRICE ACTIVITY
Last (Price)	10.12
Change	-0.25 (-2.41)
Bid / Ask	10.03 - 10.30
Volume	125,256
Volume (3mths avg)	5,238,800
Turnover	1,276,276
Open	10.35
Day Range	10.10 - 10.35
VWAP	10.19
Prev Close	10.37
Last Trade	06.10 29/06 (AEST)

KEY INFORMATION
Sector	Capital Goods
Shares Issued	88,972,900
NTA/Share	4.28
Last Dividend	0.24
Dividend Ex Date	03 MAR 2022
Dividend Pay Date	25 MAR 2022

CURRENT (AUD)
Revenue	1,754.24
EBITDA	108.70
Profit	47.06
Earnings Per Share (EPS)	0.50
Dividend Per Share (DPS)	0.45
Yield %	4.34
Market Cap	987.87
Price to Earnings Ratio (P/E)	21.62

TARGET PRICE FORECAST

ESTIMATES (AUD)
Revenue	1,840.71
EBITDA	105.75
Profit	49.36
Dividend Per Share (DPS)	0.43
Earnings Per Share (EPS)	0.52

BROKER CONSENSUS RECOMMENDATION

BUY

SELL

Target Price

0.00

Lt Growth Rate

0.00

Recommendation (BUY)

2.37

OPINION

17/01/2022 09:03

3 – MM’s top 3 stock picks for 2021

RIO Tinto (RIO) $124.01: we were looking for 20% upside but the iron ore crash limited the gains to 10% before the tide turned.

26/11/2021 09:21

Monadelphous (MND) $9.24

Following on from NRW Holdings (NWH) strong 8.4% rally yesterday after its positive AGM we thought it was worth a quick look at one of its peers to see if we liked its prospects. The likes of Monadelphous (MND) & CIMIC Group (CIM) are not as cheap as NWH making the risk / reward less appealing for a recovery play hence MM will stick with our...

13/09/2021 12:11

Flagship Growth Portfolio – Amendments

We are selling MND & Buying AWC in the Growth Portfolio Today

10/09/2021 09:39

Start sharpening the “Buy” pencils.

MM has focused on our Flagship Growth Portfolio this morning but we also hold reasonable cash levels in other portfolios which may spring into action if / when we do see opportunities arise if the current retracement is ongoing. We currently hold 7% of this portfolio in cash with one stock close to being cut which would increase this to 11% i.e. Monadelphous (MND) missed earnings...

25/08/2021 09:24

Two Mining Services / Engineering stocks

Yesterday saw Monadelphous (MND) hammered over -14% following earnings which uncovered margin pressure caused by a tight labour market. Improved revenue needs to flow down to profit otherwise alarm bells ring especially when revenue is now expected to be lower in FY22, a double whammy. Conversely last week NRW Holdings (NRW) delivered...

24/08/2021 16:23

Monadelphous (MND) $10.10

FY21 Results: MND reported revenue of $1.95bn which is ~6% above expectations however profitability was a miss given margin issues, NPAT of $47.1m was a ~13% miss to consensus. The FY21 DPS of $0.45 was inline while guidance is now for lower revenue in FY22 – the market is positioned for a similar level. They talked to ongoing skill shortages with...

24/08/2021 08:07

Reporting Today (AMA, ALC, AWC, ANN, ASB, BRI, BLD, CBR, EP1, EHE, OSH, MND, SKI, NTO, SCG, SEK, HUB, RDY, REH, KGN, VEA)

Companies reporting today include: AMA Group Ltd. (AMA), Alcidion Group Ltd. (ALC), Alumina Ltd. (AWC), Ansell Ltd. (ANN), Austal Ltd. (ASB), Big River Industries Pty (BRI), Boral Ltd. (BLD), Carbon Revolution Ltd. (CBR), E&P Financial Group Ltd. (EP1), Estia Health Ltd. (EHE), Oil Search (OSH), Monadelphous Group (MND), Spark Infrastructure (SKI), Scentre Group (SGC), Seek (SEK), Hub24 (HUB), ReadyTech (RDY), Reece (REH), Kogan (KGN), Viva Energy (VEA), Nitro (NTO)

20/08/2021 09:22

Monadelphous (MND) $11.52

Mining services business MND caught my attention yesterday after our other holding in the space NRW Holdings (NWH) soared ~18% following its FY21 result with investors focusing on optimistic rhetoric around a large order book and improving margins. Both MND and NWH have endured a tough 2021 but we believe they’re both well positioned to at least bounce another 10-15%.

05/08/2021 09:23

Monadelphous Group (MND) $11.40

Mining services stock MND has bounced 22% from its mid-June low, a move we flagged close to the low but felt unable to exploit due to our large weighting towards the sector. The company continues to land new construction and maintenance contracts and although skilled staff are becoming harder and more expensive to secure the net...

23/06/2021 09:37

Flagship Growth Portfolio

This portfolio is up ~30% financial year to-date as some sector rotation has helped add solid value in a number of instances. The last week has seen some healthy returns from some of our IT names like Megaport (MP1), Zip (Z1P) and Altium (ALU).

ACTION

MND

UPDATED 26/11/2021 09:49

MM is neutral MND

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MND

UPDATED 13/09/2021 10:41

MM are selling MND in the Flagship Growth Portfolio, taking profit around $10.25

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MND

UPDATED 13/09/2021 08:22

MM is considering cutting our 4% holding in Monadelphous (MND)

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MND

UPDATED 24/08/2021 16:46

MM now has MND under review

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MND

UPDATED 23/08/2021 08:56

MM likes MND initially looking for a test of $13

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MND

UPDATED 06/08/2021 16:01

MM is a bullish MND initially targeting ~$13

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MND

UPDATED 04/06/2021 09:11

MM likes MND initially for +20% upside

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MND

UPDATED 28/04/2021 16:58

MM is considering cutting our MND position

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MND

UPDATED 14/04/2021 12:38

MM is considering selling MND ideally ~$12

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MND

UPDATED 23/02/2021 16:52

We are bullish MND.

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Business Summary

Monadelphous Group Limited provides engineering and construction services to the resources and petrochemical industries. The Company provides mining and processing industry maintenance, mining equipment refurbishment, project management, construction, and airport ground handling services. Monadelphous Group serves customers in Australia.