MAH.AX
Strong BuyFull HouseAI neutralMacmahon Holdings Limited · Basic Materials · Australia · $1.7B
AUD 1.08 +3.3% · close 6 Oct · scored 7 Oct
Full House: Strong business, sensible price, market agrees. The rare full house.
Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
Macmahon is an Australian contract miner and mining services company that recently bought Aspect Engineering to broaden its services, and analysts raised earnings estimates by about 7% over the past month. Strong gold and copper prices support demand for contract mining. However, contract mining is capital-intensive, with large equipment fleets and margins set by competitive tenders, so it does not have the pricing power of an asset-light business.
ABOUT MACMAHON HOLDINGS LIMITED
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Macmahon Holdings Limited is a leading Australian mining services company providing contract mining, civil construction, and mining infrastructure services across Australia and Southeast Asia. It has established long-term relationships with major mining companies, an extensive equipment fleet, and expertise in diverse mining methods. Macmahon is a prominent contract miner covering the full mining lifecycle.
FINANCIAL SUMMARY (AUD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2027E | 2028E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.7B | 1.9B | 2.0B | 2.4B | 12.7% | 2.6B | 2.8B | 3.0B | 7.3% |
| EPS (AUD) | 0.01 | 0.03 | 0.03 | 0.03 | 38.7% | 0.05 | 0.04 | 0.04 | 8.1% |
| Shares | 2.1B | 2.1B | 2.1B | 2.1B | +1.6% | 2.2B | — | — | — |
| Debt | 413.5M | 420.1M | 341.2M | 426.3M | 1.0% | 419.8M | — | — | — |
| Equity | 559.5M | 608.8M | 633.5M | 692.3M | 7.4% | — | — | — | — |
| Op CF | 227.9M | 266.9M | 270.8M | 334.0M | 13.6% | 300.1M | — | — | — |
| Inv CF | -170.5M | -193.1M | -142.4M | -229.0M | — | — | — | — | — |
| Fin CF | -45.5M | -55.2M | -151.1M | -37.2M | — | — | — | — | — |
Swung more than 70% of stocks we rank over the past year (55% a year).
How this is worked out
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of MAH.AX are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| MAH.AX | Macmahon Holdings Limited(you) | $1.7B | 92 | Strong Buy |
| PRN.AX | Perenti Limited | $1.5B | 96 | Strong Buy |
| DRR.AX | Deterra Royalties Limited | $1.6B | 85 | Strong Buy |
| MLX.AX | Metals X Limited | $1.3B | 100 | Strong Buy |
| GNG.AX | GR Engineering Services Limited | $1.0B | 81 | Strong Buy |
| AMI.AX | Aurelia Metals Limited | $611M | 94 | Strong Buy |
| NMG.AX | New Murchison Gold Limited | $583M | 96 | Strong Buy |
| AIS.AX | Aeris Resources Limited | $523M | 90 | Strong Buy |
| G6M.AX | Group 6 Metals Limited | $500M | 70 | Buy |
| MIN.AX | Mineral Resources Limited | $7.5B | 74 | Buy |
Peer medians: ROE -7.1% · P/E 12.9x · Gross margin 99.9%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.