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Provides engineering construction and maintenance services to the resources and energy sector in Australia.
Provides engineering construction and maintenance services to the resources and energy sector in Australia.
Maintenance and industrial services contracts, often multi-year at mine sites and gas plants, give a steadier base, while construction contracts are lumpy and finish when the project does. A few big resource companies make up most of the work, so their spending plans matter. Based in Western Australia.
In one line: An engineering/maintenance contractor for mining and energy.
Moat: narrow (switching costs, process know-how). Long-term maintenance contracts and specialized engineering expertise with resource-sector clients.
Headquarters: Perth, Australia · Founded: 1972 · Employees: 7,482
Size Monadelphous (MND.AX) is an Australia Industrials company (Engineering & Construction) with a market value of $1.98B, the 119th largest of 316 Australia companies the cockpit tracks. Shares closed at A$28.45 on 6 Nov 2026.
Performance Over six months the shares fell 4.5%, against -15.7% for the median peer and +4.1% for the Australia market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 29.4% over the last twelve months (peer median +4.1%); the operating margin is 5.4% (peer median 9.1%).
Valuation It trades at 22.7× forward earnings against a peer median of 13.1× (3rd most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 21.5 points above its cost of capital (8.6% WACC).
Next results Next results expected around 22 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$2.79B | A$2.79B | A$2.15B | A$2.01B | A$1.72B |
| Revenue growth | — | +29% | +7% | +17% | — |
| Gross profit | A$221M | A$221M | A$154M | A$136M | A$119M |
| EBITDA | A$196M | A$196M | A$138M | A$116M | A$92.3M |
| Net income | A$127M | A$127M | A$83.7M | A$62.2M | A$53.5M |
| Free cash flow | A$207M | A$207M | A$67.2M | A$98.9M | A$74.2M |
| Capital expenditure | A$38.5M | A$38.5M | A$13.9M | A$88.9M | A$19.0M |
| Total debt | n/a | A$72.0M | A$80.3M | A$94.2M | A$88.7M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Monadelphous MND.AX | $1.98B | -4% | +29% | 5% | 22.7× | 5.3% |
| NRW NWH.AX | $1.95B | -17% | +31% | 6% | 13.6× | 8.5% |
| Downer EDI DOW.AX | $3.21B | -6% | -7% | 4% | 15.8× | 11.1% |
| Worley WOR.AX | $3.39B | -16% | -5% | 4% | 12.6× | 5.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MND.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.0% | -4.0% | 8th lowest of 21 |
| 6-month return | -4.5% | -15.7% | 5th highest of 21 |
| Distance from 52-week high | -22.9% | -32.5% | 4th highest of 21 |
| Revenue growth (TTM) | +29.4% | +4.1% | 4th highest of 21 |
| Operating margin | 5.4% | 9.1% | 7th lowest of 21 |
| Forward P/E | 22.7× | 13.1× | 3rd most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 5.3% | -4.0% | 5th most demanding of 14 |
| Growth delivered (Del g) | +9.7% | +10.2% | 7th lowest of 14 |
| Hurdle (Req g minus delivered) | -4.4 pp | -12.5 pp | 5th most demanding of 14 |
| ROIC minus cost of capital | +21.5 pp | -0.1 pp | 3rd highest of 19 |
| EV / EBITDA | 13.4× | 10.2× | 4th most expensive of 15 |
| Net debt / EBITDA | -1.1× | -1.0× | 7th least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Monadelphous MND.AX | Australia | $1.98B | -4% | +29% | 5% | 22.7× | 5.3% | +9.7% |
| Sanki Engineering 1961.T | Japan | $1.98B | -12% | +2% | 12% | 11.5× | -6.5% | +6.0% |
| CSSC Science & Technology 600072.SS | China | $1.99B | -35% | +8% | -37% | n/a | n/a | n/a |
| Chongqing Sanfeng Environment 601827.SS | China | $2.00B | -3% | +5% | 27% | 10.4× | -11.4% | +2.4% |
| Per Aarsleff Holding A/S PAAL-B.CO | Denmark | $2.02B | -6% | +14% | 5% | 13.4× | -7.6% | +11.2% |
| NRW NWH.AX | Australia | $1.95B | -17% | +31% | 6% | 13.6× | 8.5% | +14.1% |
| HAZAMA ANDO 1719.T | Japan | $1.94B | -11% | +4% | 8% | 9.8× | -11.7% | +4.5% |
| Hong Kong Zcloud Technology Construction 9900.HK | Hong Kong | $2.03B | +16% | -33% | 0% | n/a | n/a | n/a |
| DAI-DAN 1980.T | Japan | $2.05B | -15% | -7% | 14% | 10.2× | -4.4% | +10.2% |
| Kepco E&c 052690.KS | South Korea | $2.07B | -61% | +8% | 10% | 45.6× | n/a | n/a |
| Jinko Power Technology 601778.SS | China | $1.86B | -49% | -25% | 16% | n/a | n/a | n/a |
| Beijing Enterprises Water 0371.HK | Hong Kong | $1.86B | -48% | -5% | 24% | 9.5× | 4.2% | -1.2% |
| Yankey Engineering 6691.TW | Taiwan | $2.16B | -16% | +63% | 16% | 9.7× | 2.8% | +33.1% |
| Mega Union Technology 6944.TW | Taiwan | $1.82B | -17% | +60% | 21% | 14.1× | -4.0% | +30.2% |
| China Next-Gen Commerce and Supply Chain 3928.HK | Hong Kong | $1.81B | +47% | -26% | -17% | n/a | n/a | n/a |
| IRB Infrastructure Developers IRB.NS | India | $2.18B | -21% | -14% | 27% | 16.0× | 9.2% | +4.2% |
| Badger Infrastructure Solutions BDGI.TO | Canada | $1.80B | -10% | +16% | 8% | 19.2× | 21.0% | +15.8% |
| Guangdong Construction Engineering 002060.SZ | China | $1.79B | -15% | -11% | 3% | 8.0× | n/a | n/a |
| Nbcc (india) NBCC.NS | India | $2.23B | -19% | +4% | 6% | 26.0× | 40.1% | +12.9% |
| Grenergy Renovables GRE.MC | Spain | $2.24B | -40% | +8% | 23% | 18.9× | n/a | n/a |
| Kier KIE.L | United Kingdom | $1.75B | +53% | +7% | 3% | 12.7× | -6.3% | +5.9% |