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Macmahon Holdings Limited (MAH) Report Analysis

Corporate Events

Negative

Macmahon Holdings Limited Announces Executive Changes

2021-12-01 22:40:00

Macmahon Holdings Limited announced that Mr. Greg Gettingby has resigned from Macmahon with effect from 22 January 2022. From 1 December 2021,...

Neutral

Macmahon Holdings Limited Reiterates Earnings G...

2021-10-22 01:16:00

Macmahon Holdings Limited reiterated fiscal year 2022 guidance of $1.4 billion to $1.5 billion in revenue, and underlying EBIT(A) in the range...

Negative

Macmahon Holdings Limited Announces CFO Transition

2021-10-07 22:49:00

Macmahon Holdings Limited announce a transition of its Chief Financial Officer (CFO). Current CFO Peter Pollard has advised the Company he wil...

Neutral

Macmahon Holdings Limited - Shareholder/Analyst Call

2021-09-21 09:29:00

AGM

Positive

Macmahon Holdings Limited(ASX:MAH) added to S&P...

2021-09-20 00:00:00

Macmahon Holdings Limited(ASX:MAH) added to S&P/ASX Emerging Companies Index

Negative

Vyril Vella Announces Retirement and Resignatio...

2021-09-16 07:52:00

Vyril Vella announced his retirement and resignation from the Board of Macmahon Holdings Limited. His resignation as a director will take effe...

Neutral

Macmahon Holdings Limited Finalises $210 Millio...

2021-09-13 22:16:00

Macmahon Holdings Limited finalised a mining services contract with Calidus Resources Limited for the Warrawoona gold project in Western Austr...

Positive

Macmahon Holdings Limited, 0.0007 (AUD), Cash D...

2021-08-25 00:00:00

Macmahon Holdings Limited, 0.0007 (AUD), Cash Dividend, Oct-07-2021

Positive

Macmahon Holdings Limited, 0.0028 (AUD), Cash D...

2021-08-25 00:00:00

Macmahon Holdings Limited, 0.0028 (AUD), Cash Dividend, Oct-07-2021

Positive

Macmahon Holdings Limited Announces Ordinary Fr...

2021-08-24 22:13:00

The board of Macmahon Holdings Limited has declared a final dividend of 0.35 cents per share for the year ended 30 June 2021, bringing the tot...

Neutral

Macmahon Holdings Limited Provides Earnings Gui...

2021-08-24 22:13:00

Macmahon Holdings Limited provided earnings guidance for the fiscal 2022. Macmahon expects to continue its positive momentum into fiscal 2022 ...

Neutral

Macmahon Holdings Limited, 2021 Earnings Call, ...

2021-08-18 22:13:00

Macmahon Holdings Limited, 2021 Earnings Call, Aug 25, 2021

Neutral

Macmahon Holdings Limited Provides Update on th...

2021-07-19 23:10:00

Macmahon Holdings Limited advised that it has signed the contracts for three previously announced projects. The details of the projects are; G...

Neutral

Macmahon Holdings Limited Reaffirms Earnings Gu...

2021-07-19 23:10:00

Macmahon Holdings Limited reaffirmed earnings guidance for the fiscal year 2021. The company confirms that fiscal year 2021 revenue is expecte...

Negative

Macmahon Holdings Limited Announces Executive Changes

2021-12-01 22:40:00

Macmahon Holdings Limited announced that Mr. Greg Gettingby has resigned from Macmahon with effect from 22 January 2022. From 1 December 2021, Mr. Gettingby will cease as Company Secretary and Ms Sophie Raven has been appointed to this position. Ms Raven has extensive experience in corporate governance of listed entities and is a legal practitioner in Western Australia.

Neutral

Macmahon Holdings Limited Reiterates Earnings Guidance for the Fiscal Year 2022

2021-10-22 01:16:00

Macmahon Holdings Limited reiterated fiscal year 2022 guidance of $1.4 billion to $1.5 billion in revenue, and underlying EBIT(A) in the range of $95 million to $105 million.

Negative

Macmahon Holdings Limited Announces CFO Transition

2021-10-07 22:49:00

Macmahon Holdings Limited announce a transition of its Chief Financial Officer (CFO). Current CFO Peter Pollard has advised the Company he will retire from the CFO role in November 2021 to enable him to spend more time with family in Melbourne. However, Peter will remain with the Company into 2022 to support senior management and the Board on the transition of the CFO role and the progression of the Company's key strategic priorities. Macmahon is announce that its current Deputy CFO, Ursula Lummis will assume the CFO role from Peter. Ursula has worked closely with senior management and the Board for the past three and a half years. Her strong financial and operational experience makes her an ideal internal successor for the role. Ursula is a chartered accountant and prior to joining Macmahon held senior audit roles with an international accounting firm in Australia and South Africa.

Neutral

Macmahon Holdings Limited - Shareholder/Analyst Call

2021-09-21 09:29:00

AGM

Positive

Macmahon Holdings Limited(ASX:MAH) added to S&P/ASX Emerging Companies Index

2021-09-20 00:00:00

Macmahon Holdings Limited(ASX:MAH) added to S&P/ASX Emerging Companies Index

Negative

Vyril Vella Announces Retirement and Resignation from the Board of Macmahon Holdings Limited

2021-09-16 07:52:00

Vyril Vella announced his retirement and resignation from the Board of Macmahon Holdings Limited. His resignation as a director will take effect on 20 October 2021. Denise McComish will replace Mr. Vella as the chair of the Audit & Risk Committee effective from 21 October 2021.

Neutral

Macmahon Holdings Limited Finalises $210 Million Mining Contract for the Warrawoona Gold Project

2021-09-13 22:16:00

Macmahon Holdings Limited finalised a mining services contract with Calidus Resources Limited for the Warrawoona gold project in Western Australia. This follows Macmahon's selection as the preferred contractor for the project. This contract involves the development of a new open cut mine in the Pilbara region, with the scope of work for Macmahon expected to include all open cut mining activities until December 2026. Macmahon anticipates the contract will generate revenue of approximately $210 million. This contract is in addition to the early-stage civil works Macmahon is currently undertaking on site with 65 personnel. The Company expects the main mining equipment to arrive on site in the first quarter of 2022, with the project to eventually employ around 120 Macmahon personnel.

Positive

Macmahon Holdings Limited, 0.0007 (AUD), Cash Dividend, Oct-07-2021

2021-08-25 00:00:00

Macmahon Holdings Limited, 0.0007 (AUD), Cash Dividend, Oct-07-2021

Positive

Macmahon Holdings Limited, 0.0028 (AUD), Cash Dividend, Oct-07-2021

2021-08-25 00:00:00

Macmahon Holdings Limited, 0.0028 (AUD), Cash Dividend, Oct-07-2021

Positive

Macmahon Holdings Limited Announces Ordinary Franked Dividend for the Full Year Ended June 30, 2021, Payable on October 22, 2021

2021-08-24 22:13:00

The board of Macmahon Holdings Limited has declared a final dividend of 0.35 cents per share for the year ended 30 June 2021, bringing the total fiscal year 2021 dividend payment up 8% to 0.65 cents per share (fiscal year 2020: 0.60 cents per share). The final dividend will be partially franked (20%), have a record date of October 8, 2021, and will be paid to shareholders on October 22, 2021.

Neutral

Macmahon Holdings Limited Provides Earnings Guidance for the Fiscal 2022

2021-08-24 22:13:00

Macmahon Holdings Limited provided earnings guidance for the fiscal 2022. Macmahon expects to continue its positive momentum into fiscal 2022 with revenue growing to between $1.4 billion to $1.5 billion and EBIT of $95 million to $105 million. The Company reported that $1.3 billion of fiscal 2022 revenue is already secured.

Neutral

Macmahon Holdings Limited, 2021 Earnings Call, Aug 25, 2021

2021-08-18 22:13:00

Macmahon Holdings Limited, 2021 Earnings Call, Aug 25, 2021

Neutral

Macmahon Holdings Limited Provides Update on the Three Previously Announced Projects

2021-07-19 23:10:00

Macmahon Holdings Limited advised that it has signed the contracts for three previously announced projects. The details of the projects are; Gwalia project: announced on March 3, 2021, client for the project is St Barbara Limited, the projected is started in May 2021, the project's estimated value is $500 million and the term of the project is 5 years; Dawson South project: announced on March 30, 2021, client for the project is Anglo American, the projected is started on July1, 2021, the project's estimated value is $200 million and the term of the project is 3 years; King of the Hills project: announced on March 9, 2021, client for the project is Red 5 Limited, the projected is going to be started early 2022, the project's estimated value is $650 million and the term of the project is 5 years; In addition to these previously announced projects, Macmahon is well progressed in finalizing the commercial arrangements for Phase 8 of its Batu Hijau copper-gold project in Indonesia. The Company has also signed a new contract with Northern Star Resources Limited for surface mining work at the Julius gold project in Western Australia. This contract is expected to deliver revenue of $25 million over the next 12 months.

Neutral

Macmahon Holdings Limited Reaffirms Earnings Guidance for the Fiscal Year 2021

2021-07-19 23:10:00

Macmahon Holdings Limited reaffirmed earnings guidance for the fiscal year 2021. The company confirms that fiscal year 2021 revenue is expected to be within the company's previously announced guidance of $1.3 billion to $1.4 billion.

Fundamental Summary

Macmahon's recently released results from Q2 indicate that Macmahon is performing reasonably well and on par with its peers. This typically translates into the stock performing on par with market performance for the upcoming quarter. We gave Macmahon a 66 rating and a HOLD recommendation.

Macmahon announced earnings results for the full year ended June 30, 2021. For the full year, the company announced sales was AUD 1,351.485 million compared to AUD 1,380.374 million a year ago. Operating income was AUD 91.014 million compared to AUD 83.975 million a year ago. Net income was AUD 77.233 million compared to AUD 64.948 million a year ago. Basic earnings per share from continuing operations was AUD 0.0368 compared to AUD 0.031 a year ago. Diluted earnings per share from continuing operations was AUD 0.0363 compared to AUD 0.0299 a year ago.

Business Description

Macmahon provides mining and civil construction services to mining companies in Australia, Southeast Asia, and South Africa. The company operates in three segments: Surface Mining, Underground Mining, and International Mining. Its surface mining services include mine planning and analysis, drill and blast, bulk and selective mining, crushing and screening, fixed plant maintenance, water management, and equipment operation and maintenance. The company also provides underground mining services, including mine development and production, raise and production drilling, cable bolting, shotcreting, remote shaft lining, and shaft sinking. In addition, it offers topsoil and overburden stripping, bulk earthworks, road design and construction, and train loading facilities; water infrastructure, including dams, creek diversions, flood levies, and drainage structures; revegetation; non-process infrastructure, as well as rehabilitation monitoring and maintenance; and engineering services comprising shaft lining and maintenance, emergency egress system, pump stations and rising mains, and sire workshops and infrastructure, as well as conveying, crushing, materials handling. Further, the company provides equipment maintenance and management support services; and advisory operational improvement services, which include operator coaching and training, and cultural change programs for employees, as well as advisory and assistance services with mine planning, maintenance, and employee engagement. Macmahon was incorporated in 1963 and is headquartered in Perth, Australia.

Sector Overview

Macmahon is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Macmahon's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 1,153.5 15.1% 61
Liabilities 607.6 25.1% 47
Price to Book 0.7 -32.2% 44
Cash & Equivalents 182.1 22.7% 78
Equity 545.9 5.7% 72
EBITDA 237.0 1.4% 51
Total Revenues 1,352.5 0.5% 88
Parameter Value Change Score
Return on Equity 14.8 -10.1% 48
Net Cashflow 40.2 17.5% 72
Capital Expenditure -194.3 -47.0% 46
Asset Turnover 1.3 -6.0% 57
Free Cashflow 0.0 -39.7% 53

* All values are TTM

The below chart reflects Macmahon's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Macmahon's peer average final assessment score stands on 71.0, Macmahon's score is 66.

  •  MAH
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
Northern Star Resources Limited 8.2B 56 56 73
Underperform
55
55 6 1
IGO Limited 7.8B 50 78 72
Hold
71
71 7 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 8 1
Pilbara Minerals Limited 6.9B 86 69 86
Buy
83
83 9 1
Allkem Limited 6.9B 57 61 82
Hold
65
65 10 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 11 1
Evolution Mining Limited 4.8B 82 64 50
Hold
64
64 12 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 13 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 14 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 15 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 16 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 17 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 18 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 19 1
Sims Limited 2.7B 68 69 82
Hold
74
74 20 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 21 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 22 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 23 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 24 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 25 1
Core Lithium Ltd 1.8B 83 70 69
Hold
76
76 26 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 27 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 28 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 29 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 30 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 31 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 32 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 33 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 34 1
Sayona Mining Limited 1.2B 66 73 68
Hold
71
71 35 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 36 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 37 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 38 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 39 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 40 1
Equigold NL 854.0M 50 65 87
Hold
67
67 41 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 42 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 43 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 44 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 45 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 46 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 47 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 48 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 49 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 50 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 51 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 52 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 53 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 54 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 55 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 56 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 57 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 58 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 59 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 60 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 61 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 62 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 63 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 64 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 65 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 66 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 67 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 68 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 69 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 70 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 71 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Macmahon's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Macmahon's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 47.

Bearish 47
Close Price 0.14
52W Low 0.13
52W High 0.24
5D MA 0.14
50D MA 0.16
200D MA 0.18
MACD -0.01
RSI 0.04
STOCH 28.57

Balance Sheet Analysis

Two main balance sheet metrics are driving the positive outlook for Macmahon's financial strength going forward. Macmahon did a great job related to cash and cash equivalents this period, which stood at 182.1, representing a 22.7% change from the previous filing. This impressive growth, specifically in contrast to their industry peers' performance, should support an upswing in the company's stock price. The company's cash and cash equivalents movement, therefore, received a grade of 78. Also, Macmahon produced great equity metrics for this filing, demonstrating management's skill in increasing shareholder value. Macmahon's equity was reported as 545.9, which represents a 5.7% change from the last report. Companies in the same sector and market capitalization will usually be affected by up to 5.9 percent by this parameter. These metrics are all the more impressive relative to their peers and should support an upswing in their stock price. Consequently, their equity movement received a grade of 72. That said, one metric, Book Value Factors, stood out as particularly concerning. Macmahon's price to book ratio (P/B) was reported as 0.7 and represents -32.2% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 2.9%. They does not yet appear to be headed in the right direction to achieve strong book value metrics. Therefore, their book value factors earned a score of 44. Their balance sheet received an overall score of 68.

Parameter Value Change Score
Assets 1,153.5 15.1% 61
Liabilities 607.6 25.1% 47
Price to Book 0.7 -32.2% 44
Cash & Equivalents 182.1 22.7% 78
Equity 545.9 5.7% 72
* All values are TTM

The below chart describes Macmahon's performance as reflected on its balance sheet with respect to its peers. While Macmahon received a balance sheet score of 68, the average of its peers stands on 72.0.

  •  MAH
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
Northern Star Resources Limited 8.2B 87 70 56 48 65 56 6 1
IGO Limited 7.8B 43 37 80 42 63 50 7 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 8 1
Pilbara Minerals Limited 6.9B 87 59 81 87 56 86 9 1
Allkem Limited 6.9B 53 64 44 65 89 57 10 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 11 1
Evolution Mining Limited 4.8B 47 57 76 96 54 82 12 1
Alumina Limited 4.4B 51 69 50 46 84 50 13 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 14 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 15 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 16 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 17 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 18 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 19 1
Sims Limited 2.7B 85 72 83 49 57 68 20 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 21 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 22 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 23 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 24 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 25 1
Core Lithium Ltd 1.8B 37 55 82 94 66 83 26 1
Chalice Mining Limited 1.5B 98 78 39 46 89 54 27 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 28 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 29 1
West African Resources Limited 1.3B 92 56 81 92 42 87 30 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 31 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 32 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 33 1
Lake Resources NL 1.2B 78 74 55 64 78 66 34 1
Sayona Mining Limited 1.2B 78 74 55 64 78 66 35 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 36 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 37 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 38 1
ioneer Ltd 867.9M 98 56 80 86 52 85 39 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 40 1
Equigold NL 854.0M 57 46 86 50 45 50 41 1
Ramelius Resources Limited 828.4M 67 41 78 48 49 56 42 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 43 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 44 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 45 1
Imdex Limited 796.9M 59 69 83 61 75 71 46 1
Bellevue Gold Limited 722.0M 96 56 81 87 42 84 47 1
St Barbara Limited 701.5M 80 69 51 49 61 53 48 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 49 1
Red 5 Limited 671.6M 49 45 39 55 96 47 50 1
Boart Longyear Group Ltd. 651.0M 85 79 39 60 87 60 51 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 52 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 53 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 54 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 55 1
Neometals Ltd 531.9M 97 77 46 50 97 60 56 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 57 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 58 1
Perenti Global Limited 461.4M 68 71 51 61 74 60 59 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 60 1
Panoramic Resources Limited 420.4M 78 75 43 58 85 58 61 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 62 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 63 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 64 1
Bowen Coking Coal Limited 385.5M 78 74 55 64 78 66 65 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 66 1
Galan Lithium Limited 362.2M 78 74 55 64 78 66 67 1
Talga Group Ltd 359.9M 90 78 38 45 95 53 68 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 69 1
Metals X Limited 344.8M 90 77 50 67 80 68 70 1
Pantoro Limited 330.8M 78 74 55 64 78 66 71 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 72 1
Lotus Resources Limited 277.3M 78 74 55 64 78 66 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

Macmahon appears likely to maintain its strong income statement metrics, especially Revenue Efficiency and EBITDA. Macmahon reported highly encouraging numbers for its revenue efficiency. This parameter often affects companies in the same industry and market capitalization by up to 22.8%. Their impressive revenue efficiency is even more impressive relative to its peers and competitors in the current market. Consequently, their revenue efficiency received a grade of 88. Also, Macmahon reported impressive EBITDA this period. At filing, EBITDA was reported as 237.0, representing 1.4% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 18.3%. Its EBITDA metrics highlight an impressive overall financial performance, which is expected to continue moving forward. Therefore, its EBITDA component earned a score of 51. On the other hand, Return Factors, jumped out as looking problematic. Macmahon's reported return on equity (ROE) ratio was 14.8, representing a change of -10.1%. This metric might have a 11.8 percent impact on companies in the same industry and with the same market capitalization. The company's return factor metrics return on equity and return on assets are even more concerning when compared to their peers. Its return factors (ROA & ROE) components, therefore, received a grade of 48. Because its management is doing an excellent job managing these critical metrics, the income statement was given a score of 65.

Parameter Value Change Score
EBITDA 237.0 1.4% 51
Total Revenues 1,352.5 0.5% 88
Return on Equity 14.8 -10.1% 48
* All values are TTM

The below chart describes Macmahon's performance as reflected on its income statement with respect to its peers. While Macmahon received a income statement score of 65 , the average of its peers stands on 71.0.

  •  MAH
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
Northern Star Resources Limited 8.2B 48 66 68 56 6 1
IGO Limited 7.8B 98 72 48 78 7 1
BlueScope Steel Limited 7.3B 86 71 66 72 8 1
Pilbara Minerals Limited 6.9B 38 96 96 69 9 1
Allkem Limited 6.9B 46 75 74 61 10 1
OZ Minerals Limited 6.2B 48 82 82 66 11 1
Evolution Mining Limited 4.8B 94 46 43 64 12 1
Alumina Limited 4.4B 87 73 76 79 13 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 14 1
Iluka Resources Limited 3.9B 50 62 89 60 15 1
Andean Resources Ltd. 3.7B 37 89 91 97 16 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 17 1
Nickel Industries Limited 2.8B 66 61 55 60 18 1
AVZ Minerals Limited 2.8B 87 63 41 68 19 1
Sims Limited 2.7B 45 90 92 69 20 1
Zimplats Holdings Limited 2.6B 94 50 52 68 21 1
Liontown Resources Limited 2.4B 87 78 91 84 22 1
Perseus Mining Limited 2.3B 42 88 83 65 23 1
Deterra Royalties Limited 2.3B 45 83 66 61 24 1
Sandfire Resources Limited 1.9B 64 73 74 69 25 1
Core Lithium Ltd 1.8B 87 47 81 70 26 1
Chalice Mining Limited 1.5B 99 65 76 81 27 1
Grange Resources Limited 1.5B 74 61 61 64 28 1
Capricorn Metals Ltd 1.3B 37 98 97 69 29 1
West African Resources Limited 1.3B 43 84 63 59 30 1
Silver Lake Resources Limited 1.2B 95 42 41 63 31 1
De Grey Mining Limited 1.2B 44 45 76 47 32 1
Gold Road Resources Limited 1.2B 94 48 49 67 33 1
Lake Resources NL 1.2B 87 62 66 73 34 1
Sayona Mining Limited 1.2B 87 62 66 73 35 1
Regis Resources Limited 1.1B 65 50 45 53 36 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 37 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 38 1
ioneer Ltd 867.9M 87 55 60 69 39 1
Syrah Resources Limited 856.9M 38 67 62 50 40 1
Equigold NL 854.0M 79 44 91 65 41 1
Ramelius Resources Limited 828.4M 94 51 48 68 42 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 43 1
Jervois Global Limited 813.1M 37 94 93 71 44 1
Mincor Resources NL 808.9M 98 57 59 77 45 1
Imdex Limited 796.9M 77 60 56 56 46 1
Bellevue Gold Limited 722.0M 87 44 83 69 47 1
St Barbara Limited 701.5M 93 56 53 70 48 1
Emerald Resources NL 679.4M 37 96 94 68 49 1
Red 5 Limited 671.6M 95 58 66 75 50 1
Boart Longyear Group Ltd. 651.0M 93 58 67 74 51 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 52 1
Westgold Resources Limited 575.3M 84 58 43 65 53 1
OM Holdings Limited 563.6M 50 96 97 75 54 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 55 1
Neometals Ltd 531.9M 87 66 56 72 56 1
Adriatic Metals PLC 528.8M 87 62 66 73 57 1
Argosy Minerals Limited 467.8M 87 62 66 73 58 1
Perenti Global Limited 461.4M 73 81 87 78 59 1
Champion Iron Limited 441.1M 95 50 45 71 60 1
Panoramic Resources Limited 420.4M 95 50 62 71 61 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 62 1
Alkane Resources Limited 402.0M 68 74 74 70 63 1
Centaurus Metals Limited 397.2M 87 62 66 73 64 1
Bowen Coking Coal Limited 385.5M 87 62 66 73 65 1
Jupiter Mines Limited 372.2M 96 46 50 81 66 1
Galan Lithium Limited 362.2M 87 62 66 73 67 1
Talga Group Ltd 359.9M 87 40 47 60 68 1
BCI Minerals Limited 349.8M 94 47 56 68 69 1
Metals X Limited 344.8M 94 84 79 87 70 1
Pantoro Limited 330.8M 87 62 66 73 71 1
Aurelia Metals Limited 327.8M 68 58 49 58 72 1
Lotus Resources Limited 277.3M 87 62 66 73 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

Two main cash flow metrics, Net Cash Flow and Asset Turnover, are driving the positive outlook for Macmahon's financial strength. Macmahon presents exciting net cash flow numbers for its recent financial release, illustrated by a net cash flow of 40.2, which is a change of 17.5% from the last filing. This industry-leading net cash flow momentum should reinforce broader positive momentum for its's stock price going forward. Consequently, their net cash flow movement received a grade of 72. Also, Macmahon is doing a remarkable job of keeping its asset turnover under control. At filing, their asset turnover metrics were 1.3, representing a -6.0% change from the previous period. This metric might have a 3.2 percent impact on companies in the same industry and with the same market capitalization. Their asset turnover numbers are significantly more impressive when contrasted against their peers and competitors. Correspondingly, their asset turnover movement received a grade of 57. At the same time, one critical cash flow metric, Capital Expenditure, was notably weak. Macmahon's management did not a remarkable job this period managing capital expenditures (CapEx). In terms of the raw numbers, CapEx was reported as -194.3, which represents a -47.0% change from the last period. The company's disappointing CapEx growth is expected to stunt the momentum they hoped for this period. Consequently, their CapEx movement received a grade of 46. Its cash flow received an overall score of 62.

Parameter Value Change Score
Net Cashflow 40.2 17.5% 72
Capital Expenditure -194.3 -47.0% 46
Asset Turnover 1.3 -6.0% 57
Free Cashflow 0.0 -39.7% 53
* All values are TTM

The below chart describes Macmahon's performance as reflected on its cash flow with respect to its peers. While Macmahon received a cash flow score of 62, the average of its peers stands on 66.0.

  •  MAH
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
Northern Star Resources Limited 8.2B 70 58 54 91 73 6 1
IGO Limited 7.8B 80 73 66 57 72 7 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 8 1
Pilbara Minerals Limited 6.9B 87 97 76 78 86 9 1
Allkem Limited 6.9B 75 77 70 84 82 10 1
OZ Minerals Limited 6.2B 69 97 66 73 78 11 1
Evolution Mining Limited 4.8B 54 49 61 39 50 12 1
Alumina Limited 4.4B 68 74 76 70 72 13 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 14 1
Iluka Resources Limited 3.9B 75 84 52 74 74 15 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 16 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 17 1
Nickel Industries Limited 2.8B 75 63 76 61 70 18 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 19 1
Sims Limited 2.7B 83 98 56 82 82 20 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 21 1
Liontown Resources Limited 2.4B 59 69 76 51 62 22 1
Perseus Mining Limited 2.3B 69 94 90 83 83 23 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 24 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 25 1
Core Lithium Ltd 1.8B 61 69 76 72 69 26 1
Chalice Mining Limited 1.5B 53 62 84 38 55 27 1
Grange Resources Limited 1.5B 75 79 76 62 73 28 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 29 1
West African Resources Limited 1.3B 73 84 42 58 66 30 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 31 1
De Grey Mining Limited 1.2B 80 69 76 61 73 32 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 33 1
Lake Resources NL 1.2B 68 69 76 60 68 34 1
Sayona Mining Limited 1.2B 68 69 76 60 68 35 1
Regis Resources Limited 1.1B 65 76 68 69 69 36 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 37 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 38 1
ioneer Ltd 867.9M 47 57 54 51 51 39 1
Syrah Resources Limited 856.9M 59 58 43 98 69 40 1
Equigold NL 854.0M 91 69 72 84 87 41 1
Ramelius Resources Limited 828.4M 59 56 81 58 62 42 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 43 1
Jervois Global Limited 813.1M 43 51 38 82 54 44 1
Mincor Resources NL 808.9M 63 63 72 45 57 45 1
Imdex Limited 796.9M 71 72 79 73 74 46 1
Bellevue Gold Limited 722.0M 51 64 56 51 54 47 1
St Barbara Limited 701.5M 54 46 71 55 56 48 1
Emerald Resources NL 679.4M 84 81 80 81 84 49 1
Red 5 Limited 671.6M 68 49 48 59 59 50 1
Boart Longyear Group Ltd. 651.0M 62 74 81 63 68 51 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 52 1
Westgold Resources Limited 575.3M 59 69 71 59 63 53 1
OM Holdings Limited 563.6M 75 90 90 75 82 54 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 55 1
Neometals Ltd 531.9M 62 54 71 52 60 56 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 57 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 58 1
Perenti Global Limited 461.4M 61 69 54 78 67 59 1
Champion Iron Limited 441.1M 56 69 51 49 55 60 1
Panoramic Resources Limited 420.4M 69 69 79 54 67 61 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 62 1
Alkane Resources Limited 402.0M 69 58 68 71 68 63 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 64 1
Bowen Coking Coal Limited 385.5M 68 69 76 60 68 65 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 66 1
Galan Lithium Limited 362.2M 68 69 76 60 68 67 1
Talga Group Ltd 359.9M 53 48 76 70 62 68 1
BCI Minerals Limited 349.8M 62 54 76 49 60 69 1
Metals X Limited 344.8M 70 81 72 55 68 70 1
Pantoro Limited 330.8M 68 69 76 60 68 71 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 72 1
Lotus Resources Limited 277.3M 68 69 76 60 68 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

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