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
0.000(0.00%) |
Mkt cap ! $603.3M |
Open | High | Low | Value | Volume |
28.0¢ | 28.0¢ | 28.0¢ | $8.756K | 31.27K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 513797 | 28.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.5¢ | 305572 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 502882 | 0.280 |
11 | 166388 | 0.275 |
16 | 180966 | 0.270 |
6 | 102646 | 0.265 |
4 | 93990 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.285 | 305572 | 6 |
0.290 | 1229697 | 11 |
0.295 | 188089 | 10 |
0.300 | 990060 | 27 |
0.305 | 355429 | 8 |
Last trade - 10.04am 28/06/2024 (20 minute delay) ? |
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