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
28.8¢ |
Change
-0.003(0.86%) |
Mkt cap ! $614.1M |
Open | High | Low | Value | Volume |
29.0¢ | 29.0¢ | 28.0¢ | $54.28K | 189.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 155247 | 28.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.0¢ | 408269 | 30 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 155247 | 0.285 |
16 | 246276 | 0.280 |
12 | 207622 | 0.275 |
19 | 172814 | 0.270 |
6 | 102371 | 0.265 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 408269 | 30 |
0.295 | 479302 | 11 |
0.300 | 1174267 | 33 |
0.305 | 355818 | 8 |
0.310 | 289820 | 9 |
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