MADER GROUP LIMITED (MAD)
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MAD

MAD - MADER GROUP LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Commercial & Professional Services
Debt/EBITDA: 0.37
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$7.52

30 Apr
2026

0.060

OPEN

$7.36

0.80%

HIGH

$7.60

244,070

LOW

$7.11

TARGET
$9.95 32.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . DNL . DOW . EHL . GNG . IMD . IPG . LBL . LYL . MAH . MIN . MLG . MND . MSV . MYE . NWH . ORI . PRN . RAN . RCR . SGH . SRG . SXE . VBC . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
MAD: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 28.4 32.0 xxx
DPS (cps) xxx 8.8 5.5 xxx
EPS Growth xxx 12.5% 12.7% xxx
DPS Growth xxx 12.8% - 38.1% xxx
PE Ratio xxx N/A 24.6 xxx
Dividend Yield xxx N/A 0.7% xxx
Div Pay Ratio(%) xxx 31.0% 17.1% xxx

Dividend yield today if purchased 3 years ago: 1.78%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.12

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 18/09 - ex-div 4.80c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx28.4
DPS All xxxxxxxxxxxxxxx8.8
Sales/Revenue xxxxxxxxxxxxxxx872.2 M
Book Value Per Share xxxxxxxxxxxxxxx105.2
Net Operating Cash Flow xxxxxxxxxxxxxxx76.8 M
Net Profit Margin xxxxxxxxxxxxxxx6.55 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx30.67 %
Return on Invested Capital xxxxxxxxxxxxxxx25.57 %
Return on Assets xxxxxxxxxxxxxxx16.69 %
Return on Equity xxxxxxxxxxxxxxx30.67 %
Return on Total Capital xxxxxxxxxxxxxxx33.29 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx26.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx16 M
Long Term Debt xxxxxxxxxxxxxxx23 M
Total Debt xxxxxxxxxxxxxxx39 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx24 M
Price To Book Value xxxxxxxxxxxxxxx6.40

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx34.1 M
Capex % of Sales xxxxxxxxxxxxxxx3.91 %
Cost of Goods Sold xxxxxxxxxxxxxxx704 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx88 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

25/02/2026

1

Outperform

$10.20

35.64%

Macquarie rates Mader Group Outperform and lowers its target price to $10.20 from $10.40 following the 1H26 result.

The broker highlights 1H26 revenue growth of 18% y/y, with Australia up 19% and North America up 13%, and notes the company has achieved 49% of its $1bn-plus revenue target and 47% of its $65m-plus net profit after tax target under the five-year plan.

Earnings (EBITDA) margins softened to 11.6% due to around -$6m in additional bonus provisions and inflationary pressures, management expects stronger 2H margins as provisions normalise.

The growth outlook in Australia is viewed as positive and “far from saturated”, with North America seeing an accelerating pipeline and circa 100 unfilled roles, and potential for M&A under a revised strategy expected in Apr/May.

Earnings forecasts are tweaked down for FY26/FY27/FY28 by -3%/-3%/-4%, respectively, reflecting modest downgrades to revenue growth and margins.

FORECAST
Macquarie forecasts a full year FY26 dividend of 5.40 cents and EPS of 30.80 cents.
Macquarie forecasts a full year FY27 dividend of 12.00 cents and EPS of 36.40 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Moelis

03/03/2026

3

Hold

$9.08

20.74%

Mader Group's 1H26 result showed continued strong growth in Australia and a solid showing in North America, Moelis notes.

Management has reiterated FY26 guidance of profit of $65m, which implies a 2H26 broadly in line with customary 1H:2H split of 47:53.

Fast growing verticals and execution in Canada remain the pathways for further growth, in Moelis' view.

Commentary states the company has made excellent strides in its strategic plan milestones and the broker maintains a view that Mader remains in a growth cycle.

Moelis keenly anticipates an update on the new five year plan in coming months. Hold retained, target $9.08.

FORECAST
Moelis forecasts a full year FY26 dividend of 4.80 cents and EPS of 30.90 cents.
Moelis forecasts a full year FY27 dividend of 4.80 cents and EPS of 37.50 cents.
Access Extra Coverage Research History >

MAD STOCK CHART

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