Latest news with #MacmahonHoldings
Yahoo
10-04-2025
- Business
- Yahoo
Macmahon secures $543m contract extension at Byerwen coal mine in Australia
Macmahon Holdings, an Australian Securities Exchange (ASX)-listed mining infrastructure services provider, has secured a three-year extension for its mining services at the Byerwen coking coal mine in the Bowen Basin in Queensland, Australia. The contract extension is expected to contribute approximately A$900m ($543.5m) to Macmahon's order book. With the company's workforce and mining fleet already at Byerwen, no additional capital expenditure is required, aside from the allocated sustaining capital budgets. The contract extension, which continues services from October 2025, is pending the finalisation of certain terms agreed upon in principle. The terms are expected to be concluded by 30 September 2025. The Byerwen mine is owned by Byerwen Coal, a joint venture between QCoal Group and JFE Steel, a Japanese steel manufacturer. Since the establishment of the Byerwen mine in 2017, Macmahon has been delivering open-cut mining services, which include loading and hauling, as well as crusher feed operations. The company employs more than 800 individuals on site. Macmahon CEO and managing director Michael Finnegan said: 'We are very pleased to continue as the mining contractor at Byerwen where we have worked closely with the team since the mine commenced operations in 2017. We will continue to refine the terms and conditions over the next few months with a focus on mutually beneficial outcomes that will enhance operational efficiencies on site. 'The QCoal relationship and Byerwen project have been key to the Macmahon business stabilising over the last eight years. The teams are grateful and excited that they will have the opportunity to continue to develop that relationship on site and corporately. I would like to thank the Byerwen Coal and Macmahon teams for their continued dedication and support and look forward to finalising the contract.' In March 2025, Macmahon Holdings was appointed by PT Citra Palu Minerals to provide underground mining services for the Poboya gold project in Sulawesi, Indonesia. "Macmahon secures $543m contract extension at Byerwen coal mine in Australia" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
18-03-2025
- Business
- Yahoo
Macmahon Holdings (ASX:MAH) shareholders have earned a 15% CAGR over the last five years
It hasn't been the best quarter for Macmahon Holdings Limited (ASX:MAH) shareholders, since the share price has fallen 23% in that time. On the bright side the share price is up over the last half decade. However we are not very impressed because the share price is only up 64%, less than the market return of 119%. With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies. See our latest analysis for Macmahon Holdings While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. Macmahon Holdings' earnings per share are down 2.0% per year, despite strong share price performance over five years. So it's hard to argue that the earnings per share are the best metric to judge the company, as it may not be optimized for profits at this point. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics. In fact, the dividend has increased over time, which is a positive. Maybe dividend investors have helped support the share price. The revenue growth of about 12% per year might also encourage buyers. You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values). Take a more thorough look at Macmahon Holdings' financial health with this free report on its balance sheet. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of Macmahon Holdings, it has a TSR of 98% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments! It's nice to see that Macmahon Holdings shareholders have received a total shareholder return of 30% over the last year. That's including the dividend. That gain is better than the annual TSR over five years, which is 15%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Take risks, for example - Macmahon Holdings has 1 warning sign we think you should be aware of. If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
