Just got this in an email ...Wed, 17 Apr at 9:34 am
Wednesday, 17 April 2024MAH - MACMAHON HOLDINGS LIMITED
Macquarie rates MAH as Outperform (1) - Macmahon has announced it will acquire Decmil for an enterprise value of $127m, with ordinary shareholders set to receive 30 cents per stock.
The company intends to continue to operate Decmil as a wholly owned subsidiary and maintain branding, with the acquisition to boost the civil and engineering components of the business.
As per Macquarie, the acquisition will boost revenue by 20% and earnings by 10% from FY25, and adds $455m to the company's order book.
The Outperform rating is retained and the target price increases to 27 cents from 25 cents.
Target price is $0.27 Current Price is $0.23 Difference: $0.035 If MAH meets the Macquarie target it will return approximately 15% (excluding dividends, fees and charges). The company's fiscal year ends in June.
Forecast for FY24:
Macquarie forecasts a full year FY24 dividend of 1.00 cents and EPS of 3.80 cents . At the last closing share price the estimated dividend yield is 4.26%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 6.18.
Forecast for FY25:
Macquarie forecasts a full year FY25 dividend of 1.10 cents and EPS of 4.20 cents . At the last closing share price the estimated dividend yield is 4.68%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 5.60.
Market Sentiment: 1.0All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
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- Ann: Macmahon to Acquire Decmil to Expand Civil Business
Ann: Macmahon to Acquire Decmil to Expand Civil Business, page-7
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Last
33.0¢ |
Change
-0.010(2.94%) |
Mkt cap ! $711.1M |
Open | High | Low | Value | Volume |
34.0¢ | 34.5¢ | 31.5¢ | $1.704M | 5.161M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 11201 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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33.5¢ | 350559 | 3 |
View Market Depth
No. | Vol. | Price($) |
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1 | 11201 | 0.325 |
2 | 105000 | 0.320 |
1 | 258000 | 0.310 |
1 | 32730 | 0.305 |
3 | 19633 | 0.300 |
Price($) | Vol. | No. |
---|---|---|
0.335 | 275679 | 2 |
0.340 | 301492 | 3 |
0.345 | 416990 | 4 |
0.350 | 170059 | 4 |
0.355 | 71197 | 2 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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