Jefferies, Bell Potter upbeat on Australia's Monadelphous; hikes PT on upgraded forecast

Monadelphous

10/11/2025 22:41

Updates with Bell Potter comments

   ** Analysts at Jefferies hike price target for Australia's Monadelphous MND.AX to A$18.0/shr from A$17.0/shr following its upbeat half-year and annual forecast

** Engineering co expects half-year revenue of ~A$1.5 billion  ($974.70 million) vs. A$1.05 billion reported last year

** Co sees full year revenue to be around 20-25% higher than the previous year

** Jefferies increases FY26 and FY27 EPS estimates by 14% and 6%, respectively

** However, brokerage does not expect strong FY26 revenue outcome to flow through materially to FY27

** Bell Potter lifts target price to A$24 apiece from A$22, maintains "hold" recommendation

** Brokerage says co should benefit from higher Group EBITDA margin over FY26-27

        ** Analysts on average rate the stock "buy" or higher; their median PT is A$22.04 – LSEG data

** Stock up 78.6% this year

($1 = 1.5389 Australian dollars)

 (Reporting by John Biju & Rajasik Mukherjee in Bengaluru)

 ((John.Biju@thomsonreuters.com;))