MD
MDI.JSE Master Drilling Group Ltd
- Market cap
- ZAC 2.17B
- P/E
- 434.6x
- P/B
- 59.63x
- ROE
- 29.7%
- Dividend yield
- -
- Fundamental score
- 4.1/5
Ratios use the latest price and the current fiscal year annualized from 1 quarter up to Jun 2026.
Is MDI.JSE undervalued?
Graham numberThe Graham number of Master Drilling Group Ltd cannot be estimated reliably (the estimate is too far from the market price).
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Master Drilling Group Ltd fundamental analysis
20 of 22 checks passedROE 2/2
High return on equity (29.7%), above 20%.
ROA 1/1
Return on assets (15.1%) is above the industry median (7.2%).
Profit Consistency 2/2
Profitable for 10 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 1/1
Last year's EPS growth (75.0%) is above the 5-year average (55.6% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (75.0%) is above the industry median (0.7%).
Revenue Growth 1/2
Revenue grew 8.9% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 2/2
Low debt to equity (36.7%), 40% or less.
Debt Trend 0/1
Debt to equity has risen over the past 5 years.
Debt Coverage 0/1
Operating cash flow does not cover 20% of total debt.
Interest Coverage 1/1
EBIT is 9.0x against interest expense, well covered.
PE vs Market 1/1
PE (4.3x) is below the market median (9.1x).
PE vs Industry 1/1
PE (4.3x) is below the industry median (12.6x).
PBV 1/1
Price to book (0.6x) is below the industry median (1.1x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 2.6, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.08, growth is cheap.
Dividend Yield 1/2
Dividend yield (4.1%) is above the bottom 25% of dividend payers in the market.
Dividend Stability 1/2
Dividends paid without a cut of more than 10% for 7 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 1/1
Payout ratio is 18.0%, covered by earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Master Drilling Group Ltd stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Master Drilling Group Ltd
Master Drilling Group Limited, an investment holding company, provides specialized drilling services. The company provides rock boring services, including horizontal and vertical raise, and box hole boring; slot hole, reverse circulation, piling, and directional drilling; shotcreting; paste holes; and LIDAR scanning for mining, civil, and energy sectors. It also offers industrial products. In addition, the company provides exploration drilling services, such as blast hole, c…
Full company profileMaster Drilling Group Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 1 quarter up to Jun 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Master Drilling Group Ltd annual financial statements
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 118M | 121M | 139M | 148M | 123M | 172M | 226M | 243M | 271M | 292M | 629M |
| Gross Profit | 42.9M | 44.6M | 43.6M | 44.1M | 28.0M | 48.6M | 64.9M | 68.4M | 84.0M | 82.6M | 187M |
| Operating Income | 25.8M | 24.9M | 23.6M | 22.4M | 12.3M | 27.8M | 34.8M | 33.8M | 29.6M | 37.6M | 106M |
| EBITDA | 32.3M | 30.7M | 30.6M | 31.0M | 19.9M | 41.4M | 52.4M | 50.3M | 46.5M | 65.8M | 136M |
| Net Income | 21.2M | 17.2M | 16.8M | 15.3M | 3.34M | 20.0M | 21.4M | 20.6M | 17.4M | 30.5M | 67.9M |
| EPS | 0.14 | 0.11 | 0.11 | 0.10 | 0.02 | 0.13 | 0.14 | 0.14 | 0.12 | 0.20 | 0.45 |
| Balance Sheet | |||||||||||
| Total Assets | 213M | 237M | 266M | 276M | 265M | 290M | 344M | 362M | 378M | 434M | 449M |
| Total Liabilities | 66.3M | 75.6M | 102M | 101M | 89.0M | 104M | 155M | 153M | 167M | 191M | 199M |
| Shareholders' Equity | 130M | 153M | 155M | 165M | 166M | 177M | 173M | 185M | 187M | 220M | 229M |
| Cash & Short-term Investments | 21.7M | 37.3M | 33.7M | 19.7M | 25.0M | 23.7M | 31.0M | 28.2M | 34.6M | 39.9M | 37.6M |
| Total Debt | 32.5M | 44.2M | 60.8M | 59.0M | 47.1M | 39.3M | 55.7M | 51.7M | 54.6M | 69.6M | 83.9M |
| Cash Flow | |||||||||||
| Operating Cash Flow | 19.6M | 25.0M | 18.8M | 14.8M | 25.5M | 32.5M | 25.0M | 35.5M | 42.5M | 17.9M | -24.4M |
| Capital Expenditure | 16.4M | 15.8M | 16.9M | 14.9M | 9.27M | 18.8M | 21.4M | 34.0M | 28.1M | 17.7M | 16.7M |
| Free Cash Flow | 3.21M | 9.17M | 1.90M | -103K | 16.2M | 13.7M | 3.59M | 1.45M | 14.3M | 219K | -41.2M |
| Ratios | |||||||||||
| ROE | 16.3% | 11.2% | 10.8% | 9.2% | 2.0% | 11.3% | 12.4% | 11.1% | 9.3% | 13.9% | 29.7% |
| ROA | 10.0% | 7.3% | 6.3% | 5.5% | 1.3% | 6.9% | 6.2% | 5.7% | 4.6% | 7.0% | 15.1% |
| Net Profit Margin | 17.9% | 14.2% | 12.1% | 10.3% | 2.7% | 11.7% | 9.5% | 8.5% | 6.4% | 10.4% | 10.8% |
| Debt to Equity | 0.25x | 0.29x | 0.39x | 0.36x | 0.28x | 0.22x | 0.32x | 0.28x | 0.29x | 0.32x | 0.37x |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Master Drilling Group Ltd dividends
- Dividend yield
- -
- Forward dividend
- 0.65 ZAC
- Payout ratio
- 18.0%
- Ex-dividend date
- Aug 12, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | USD 5.47M | 0.04 | 18.0% |
| 2024 | USD 4.37M | 0.03 | 25.1% |
| 2023 | USD 3.71M | 0.02 | 18.0% |
| 2022 | USD 3.05M | 0.02 | 14.2% |
| 2021 | ZAR 3.05M | 0.02 | 15.2% |
| 2020 | ZAR 3.05M | 0.02 | 91.5% |
| 2019 | ZAR 2.66M | 0.02 | 17.4% |
| 2018 | ZAR 3.08M | 0.02 | 18.4% |
| 2017 | ZAR 3.41M | 0.02 | 19.8% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Who owns Master Drilling Group Ltd
- Insiders 58.33%
- Institutions 31.65%
- Public & others 10.02%
- Shares outstanding 151M
- Free float 59.2M
Master Drilling Group Ltd company profile
- Company name
- Master Drilling Group Ltd
- Ticker
- MDI.JSE
- ISIN
- ZAE000171948
- Exchange
- Johannesburg Exchange
- Sector
- Industrials
- Industry
- Construction & Engineering
- Fiscal year end
- December
- Address
- 4 Bosman Street, Fochville, South Africa, 2515
- Phone
- 27 18 771 8100
- Website
- masterdrilling.com
About Master Drilling Group Ltd
Master Drilling Group Limited, an investment holding company, provides specialized drilling services. The company provides rock boring services, including horizontal and vertical raise, and box hole boring; slot hole, reverse circulation, piling, and directional drilling; shotcreting; paste holes; and LIDAR scanning for mining, civil, and energy sectors. It also offers industrial products. In addition, the company provides exploration drilling services, such as blast hole, core, mud and air rotary, percussion, sonic, diamond, slim, and reverse circulation drilling services; de-watering; and geotechnical services, as well as mining services. It also developed new technologies for tunneling, shaft sinking, and production boring. It serves blue chip major and mid-tier companies in the mining, civil engineering, construction, and hydro-electric power sectors in Africa, Central and North America, South Africa, South America, and internationally. The company was founded in 1986 and is headquartered in Fochville, South Africa.
Master Drilling Group Ltd management
6- Mr. Daniel Coenraad PretoriusFounder, CEO & Executive Director · born 1958
- Mr. Andre Jean van Deventer C.A.CFO, Financial Director & Executive Director · born 1970
- Mr. Gareth Robert SheppardAlternate Director · born 1971
- Mr. Roelof J. SwanepoelChief Operating Officer of Latam & Europe
- Armand FourieChief Operating Officer Africa
- Mr. Andrew Colin BeavenCompany Secretary