- EBITDA Performance: Monadelphous reported EBITDA of A$127.4 million for FY24, up 17% year-over-year and above the estimated A$123.4 million.
- Net Income: The company achieved a net income of A$62.2 million.
- Dividend Increase: The final dividend per share increased to A$0.3300 from A$0.2500 year-over-year.
- Total Revenue: Total revenue from contracts, including joint ventures, reached A$2.03 billion, an 11% increase year-over-year, exceeding the estimate of A$2.01 billion.
- Services Revenue: Revenue from services amounted to A$1.32 billion, up 1.9% year-over-year but below the estimated A$1.38 billion.
- Statutory Revenue: Statutory revenue from contracts with customers was A$2.01 billion, up 17% year-over-year.
- Contract Wins: The company was awarded more than A$3 billion in new contracts and extensions since the beginning of FY24.
- Sector Growth: Major contracts were secured in energy, lithium, iron ore, and renewable energy sectors.
- Iron Ore Sector: Strong demand from the Western Australian iron ore sector continues, with new contracts and extensions from long-term customers Rio Tinto, BHP, and Fortescue.
- Energy Sector Prospects: Positive outlook with several new gas construction projects underway or in development and strong ongoing demand for maintenance services.
- Acquisition Strategy: Monadelphous plans to explore potential acquisition opportunities to enhance service expansion, market diversification, and long-term sustainable growth.
- Analyst Ratings: The company has 7 buy ratings, 7 hold ratings, and 1 sell rating from analysts.
A look at Monadelphous Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Monadelphous Group Limited, a company that offers engineering and construction services primarily to the resources and petrochemical industries in Australia, has been assessed using the Smartkarma Smart Scores. With a score of 3 for Value, 4 for Dividend, 4 for Growth, 4 for Resilience, and 3 for Momentum, the outlook for Monadelphous appears positive in the long term. The company shows strong potential for growth, resilience, and dividends, indicating a promising future in its sector.
Monadelphous Group Limited’s overall performance, as indicated by the Smartkarma Smart Scores, suggests that the company is well-positioned for future success. With solid scores in Dividend, Growth, Resilience, and a moderate score in Value and Momentum, Monadelphous demonstrates strengths across various aspects of its operations. This indicates a strong foundation in key areas that are essential for long-term sustainability and growth in the engineering and construction services industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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