Analysts have issued a financial statement on the full annual report of MAAS Group Holdings Limited (ASX: MGH)


It’s been a good week for MAAS Group Holdings Limited (ASX:MGH) shareholders as the company just released its latest annual results and shares gained 3.5% to A$4.16. It was a fair report, and revenue was A$517 million, roughly in line with analysts’ estimates before the results were announced. Following the result, analysts have updated their earnings model, and it would be good to know if they think there has been a strong change in the company’s outlook, or if business is as it is. habit. Readers will be happy to know that we’ve rounded up the latest statutory forecasts to see if analysts have changed their minds on MAAS Group Holdings after the latest results.

See our latest analysis for MAAS Group Holdings

ASX: MGH Earnings and Revenue Growth August 19, 2022

Given the latest results, the consensus forecast from MAAS Group Holdings’ four analysts calls for revenue of A$764.8 million in 2023, which would reflect a major 48% improvement in sales over the past 12 months. Statutory earnings per share are expected to rise 72% to AU$0.34. Looking ahead to this report, analysts had modeled revenue of A$762.5 million and earnings per share (EPS) of A$0.34 in 2023. Consensus analysts appear to have seen nothing in these results. which would have changed. their view of the business, given that there has been no major change in their estimates.

There were no changes to revenue or earnings estimates or the A$5.68 price target, suggesting the company met expectations in its recent results. There is, however, another way to think about price targets, and that is to look at the range of price targets offered by analysts, as a wide range of estimates could suggest a diverse view of possible outcomes for the market. ‘company. MAAS Group Holdings’ most optimistic analyst has a price target of AU$5.90 per share, while the most pessimistic puts it at AU$5.60. With such a narrow valuation range, analysts apparently share similar views on what they think the company is worth.

These estimates are interesting, but it can be useful to draw broader lines when seeing how the forecast compares, both to past performance of MAAS Group Holdings and to peers in the same industry. The period through the end of 2023 brings more of the same, analysts say, with revenue forecast to show 48% growth on an annualized basis. This matches its annual growth of 50% over the past three years. Contrast that with the broader industry, which analysts estimate (in total) will see revenue grow by 11% per year. So while MAAS Group Holdings is expected to maintain its revenue growth rate, it is certainly expected to grow faster than the overall industry.

The essential

The most obvious conclusion is that there has been no major shift in the company’s outlook lately, with analysts holding their earnings forecast flat, in line with previous estimates. Fortunately, they have also reconfirmed their revenue figures, suggesting sales are in line with expectations – and our data suggests revenue is set to grow faster than the industry as a whole. There was no real change from the consensus price target, suggesting that the company’s intrinsic value has not undergone major changes with the latest estimates.

Continuing this thinking, we believe that the company’s long-term outlook is much more relevant than next year’s results. We have estimates – from several MAAS Group Holdings analysts – going out to 2025, and you can see them for free on our platform here.

Remember that there may still be risks. For example, we have identified 3 warning signs for MAAS Group Holdings (2 cannot be ignored) which you should be aware of.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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