Good to see a broker with a positive and outperform rating. A $0.25 target no less. Which with a forecast FY24 PE of 3.2 based on an eps of $0.05 (this PE is based on a share price of $0.16) is the least you would expect. Especially considering that the outlook based on the order book and tender pipeline, should be sustainable for some years.MAH - MACMAHON HOLDINGS LIMITED
Macquarie rates MAH as Outperform (1) - Macmahon's December-half result outpaced Macquarie on revenue but disappointed on earnings as margins fell to 15.1% from 17.1% due to rising costs and failed cost recoveries.
Management raised FY23 revenue guidance by 15%, expecting cost recoveries to land in the second half.
EPS forecasts fall -4% in FY23; and rise 5% in FY24 (to reflect Batu Hijau phase 8); and decrease -1% to -2% in FY25 and beyond.
Outperform rating and 25c target price retained.
Target price is $0.25 Current Price is $0.16 Difference: $0.09 If MAH meets the Macquarie target it will return approximately 56% (excluding dividends, fees and charges). The company's fiscal year ends in June.
Forecast for FY23:
Macquarie forecasts a full year FY23 dividend of 0.80 cents and EPS of 3.00 cents . At the last closing share price the estimated dividend yield is 5.00%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 5.33.
Forecast for FY24:
Macquarie forecasts a full year FY24 dividend of 0.90 cents and EPS of 5.00 cents . At the last closing share price the estimated dividend yield is 5.63%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 3.20.
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Last
28.0¢ |
Change
-0.005(1.75%) |
Mkt cap ! $603.3M |
Open | High | Low | Value | Volume |
29.0¢ | 29.0¢ | 27.8¢ | $677.0K | 2.373M |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 133027 | 27.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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28.0¢ | 22275 | 2 |
View Market Depth
No. | Vol. | Price($) |
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4 | 133027 | 0.275 |
5 | 172269 | 0.270 |
5 | 163886 | 0.265 |
9 | 260372 | 0.260 |
2 | 5297 | 0.255 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 22275 | 2 |
0.285 | 59617 | 2 |
0.290 | 267340 | 9 |
0.295 | 668168 | 10 |
0.300 | 1487384 | 19 |
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