Monadelphous Group Ltd
MND: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$32.17 | Yhbb | Fvzlnjhl |
Monadelphous: Quieter on the Contract Win Front, but Decade-High Still Assured
No-moat engineering construction and maintenance provider Monadelphous recently announced it had secured AUD 120 million in new construction and maintenance contracts in the mining sector. Assuming no new announcements for the final week, this brings the total number of announced contracts for fiscal 2024 to AUD 1.5 billion, in line with fiscal 2023.