Professional
Added to YB: 2026-03-05
Pitch date: 2026-03-03
MYE.AX [bullish]
Mastermyne Group Limited
Author Info
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Company Info
Mastermyne Group Limited provides mine operation, contracting, training, and related services in the mining and supporting industries in Australia.
Market Cap
AUD 56.6M
Pitch Price
AUD 0.18
Price Target
0.35
Dividend
N/A
EV/EBITDA
2.38
P/E
30.12
EV/Sales
0.13
Sector
Metals and Mining
Category
value
Mastermyne Group (ASX:MYE) - Green shoots...
MYE.AX: Aus underground coal mining contractor. FY25 tough on disruptions, but H1 FY26 EBITDA beat on new contracts (Appin, Centurion). Order book $441M (+79% YoY). FY26 guide: $220-230M rev, $17-18M EBITDA. Net cash $33M (11c/share of 21c NTA). Trades ~0.9x NTA, ~1x EV/EBITDA. PT $0.35 (4x EV/EBITDA), 80%+ upside. Risk: March 2026 litigation trial.
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