Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

General Information

Monadelphous Group Limited
Construction & Engineering

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$6.36 $6.45 $6.52 $6.34 $6.36 283703 - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation


Company Overview

Business Description
Monadelphous Group Limited (MND) is an Australian engineering group providing construction, maintenance and industrial services to the resources, energy and infrastructure sectors throughout Australia. MND has two divisions including Engineering Construction & Maintenance and Industrial Services. The Company is headquartered in Perth, Western Australia, with an office in Brisbane, Queensland. The company has facilities, workshops and projects across Australia, China and Papua New Guinea.
Strategy Analysis
Monadelphous strategic objective is to establish a resilient business through economic cycles with the ability to deliver quality earnings growth by the provision of contracting services to the resources, energy and infrastructure sectors. Diversification into the infrastructure sector is a well-considered strategy, which could eventually help to insulate it from an inevitable downturn in resource and energy project work. Engineering and construction contracting work prospects remain positive with a healthy forward work load combined with strengthening resources and energy project pipelines, should ensure high levels of tendering activity in the short term. But long term future growth is highly dependent on increasing levels of resource and energy sector activity and the flow of projects. Customers ultimately maintain strong bargaining power over Mondelphous due to an ability to substitute contractors. Monadelphous Group reported NPAT up 37.54% to $79.1m for the half-year ended 31 December 2012. Revenues from ordinary activities were $1.29bn, up 46.16% from the same period last year. This result has been driven by an extraordinary surge in construction work. Diluted EPS was 86.9 cents compared to 64.3 cents last year. Net operating cash flow was $43.35m compared to $68.41m last year. The interim dividend declared was 62 cents compared with 50 cents last year. Looking beyond the current financial year, after two consecutive years of growth of more than 30%, 2013/14 is currently anticipated to be a period of consolidation in which the achievement of any revenue growth will be challenging.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2017 F 80.2 86.3 -5.9% 7.4 64.0 10.1% 100.0%
2016 F 85.2 91.7 -19.2% 6.9 68.0 10.7% 100.0%
2015 A 105.5 113.6 -24.5% 10.1 92.0 8.0% 100.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2015 A 2016 F 2017 F 2015 A 2016 F 2017 F 2015 A 2016 F 2017 F
Cardno (CDD) $512M -0.0521 -0.4659 0.0948 6.2956 11.7877 10.7665 6.62% 4.97% 5.38%
CIMIC Group (CIM) $8,601M 0.0000 0.0000 0.0368 0.0000 17.2916 16.6776 4.92% 3.58% 3.64%
Monadelphous (MND) $600M -0.2423 -0.2732 -0.0594 5.6360 7.7546 8.2445 14.33% 10.59% 10.47%
RCR Tomlinson (RCR) $328M -0.1798 0.0125 0.0585 8.6124 8.5060 8.0357 4.70% 4.86% 5.13%
UGL (UGL) $416M -0.7872 0.9614 0.1398 26.0688 13.2908 11.6604 2.40% 0.69% 4.58%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.57 6.28 1.61 0.00
Market 0.97 15.80 1.23 1.34
Sector 0.87 10.45 0.82 0.91


Name Position Start Date
Mr Calogero (John) Giovanni Battista Rubino Executive Chairman 18/01/1991
Mr Robert Velletri Managing Director 26/08/1992
Mr Peter John Dempsey Non-Executive Director 30/05/2003
Mr Christopher Percival Michelmore Non-Executive Director 01/10/2007
Mr Dietmar Robert Voss Non-Executive Director 10/03/2014


Name Position
Kristy Glasgow Company Secretary
Philip Trueman Company Secretary,Chief Financial Officer
D Foti Executive General Manager, Engineering Construction
Z Bebic Executive General Manager, Maintenance & Industrial Services

Substantial Shareholders

Holding Name
18,480,197 (19.83%) BlackRock Group

Calendar of Events

Date Event
10 October 2016 Report (Annual)
16 August 2016 Report (Prelim)
16 February 2016 Report (Interim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.