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How to buy Mastermyne Group shares | A$0.755

Own Mastermyne Group shares in just a few minutes.


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Mastermyne Group Limited is a thermal coal business based in Australia. Mastermyne Group shares (MYE) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.755 – a decrease of 11.18% over the previous week. Mastermyne Group has a trailing 12-month revenue of around $293.5 million.

How to buy shares in Mastermyne Group

  1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  3. Search for Mastermyne Group . Find the share by name or ticker symbol: MYE. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Mastermyne Group reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At today's price of $0.755, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  6. Check in on your investment. Congratulations, you own a part of Mastermyne Group . Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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How has coronavirus impacted Mastermyne Group 's share price?

Since the stock market crash in March caused by coronavirus, Mastermyne Group 's share price has had significant negative movement.

Its last market close was $0.755, which is 25.98% down on its pre-crash value of $1.02 and 71.59% up on the lowest point reached during the March crash when the shares fell as low as $0.44.

If you had bought $1,000 worth of Mastermyne Group shares at the start of February 2020, those shares would have been worth $465.61 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $798.94.

Mastermyne Group share price

Use our graph to track the performance of MYE stocks over time.

Mastermyne Group shares at a glance

Information last updated 2020-10-20.
Latest market closeAUDA$0.755
52-week rangeAUDA$0.44 - AUDA$1.11
50-day moving average AUDA$0.8867
200-day moving average AUDA$0.7516
Target priceAUDA$1.7
PE ratio 7.7982
Dividend yield AUDA$0.08 (10.67%)
Earnings per share (TTM) AUDA$0.109

Share Trading Account Offer

IG Share Trading Offer


Standard brokerage - Australian shares

Share Trading Account Offer

Competitive broker fees on Australian and international shares

  • Brokerage - AU shares: From AUD 5 or 0.05%
  • Brokerage - US shares: USD 0
  • Sign-up process: Instant
  • Support - After hours: Yes
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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
Data indicated here is updated regularly
Name Product Standard brokerage fee Inactivity fee Markets
IG Share Trading
Finder Award
IG Share Trading
AUD 8 or 0.1%
AUD 50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares, Forex, CFDs, Margin trading
Brokerage discount: $5 on Australian shares for active traders & $0 commission on US and global shares
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, forex and CFDs, plus get access to 24-hour customer support.
Superhero share trading
ASX shares
Pay zero brokerage on all Australian ETFs.
Trade ASX stocks with a flat $5 commission fee and a low minimum investment of just $100.
CMC Markets Stockbroking
AUD 11 or 0.1%
ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading, mFunds
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, managed funds, forex, commodities and cryptocurrencies, plus access up to 15 major global and Australian stock exchanges.
Saxo Capital Markets (Classic account)
AUD 6.99 for issuer sponsored or AUD 14.90 CHESS
ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading
High quality, low-cost brokerage on global share trading.
Access up to 19,000 global stocks on 36 of the world’s major stock exchanges and enjoy some of the most competitive FX rates on the the market when you trade with Saxo Capital Markets.
ANZ Share Investing
AUD 19.95
ASX shares, Global shares, Margin trading, Options trading
Earn 1 Qantas Point per AU$3 spent on brokerage fees on certain instruments.
Access Morningstar reports, company announcements and and live pricing via ANZ’s share investing platform. Available for desktop and mobile.
Westpac Online Investing Account
AUD 19.95 or 0.11%
AUD 63.50 per year on the global markets account
ASX shares, Global shares, Options trading, US shares

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Is it a good time to buy Mastermyne Group stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Mastermyne Group price performance over time

Historical closes compared with the close of A$0.755 on 2020-10-21

1 week (2020-10-14) -6.79%
1 month (2020-09-22) -19.25%
3 months (2020-07-21) 12.69%
6 months (2020-04-21) 7.86%
1 year (2019-10-21) -26.34%
2 years (2018-10-19) -43.66%
3 years (2017-10-20) 4.86%
5 years (2015-10-21) 277.50%

Is Mastermyne Group under- or over-valued?

Valuing Mastermyne Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Mastermyne Group 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Mastermyne Group 's P/E ratio

Mastermyne Group 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 8x. In other words, Mastermyne Group shares trade at around 8x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Mastermyne Group 's EBITDA

Mastermyne Group 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $24.9 million.

The EBITDA is a measure of a Mastermyne Group 's overall financial performance and is widely used to measure a its profitability.

Mastermyne Group financials

Revenue TTM $293.5 million
Operating margin TTM 5.81%
Gross profit TTM $256.2 million
Return on assets TTM 9.28%
Return on equity TTM 16.87%
Profit margin 3.94%
Book value 0.718
Market capitalisation $75.2 million

TTM: trailing 12 months

Mastermyne Group share dividends


Dividend payout ratio: 54.55% of net profits

Recently Mastermyne Group has paid out, on average, around 54.55% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 10.67% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Mastermyne Group shareholders could enjoy a 10.67% return on their shares, in the form of dividend payments. In Mastermyne Group 's case, that would currently equate to about A$0.08 per share.

Mastermyne Group 's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 23 September 2020 (the "ex-dividend date").

Mastermyne Group share price volatility

Over the last 12 months, Mastermyne Group 's shares have ranged in value from as little as $0.44 up to $1.11. A popular way to gauge a stock's volatility is its "beta".

MYE.AU volatility(beta: 1.38)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Mastermyne Group 's is 1.3762. This would suggest that Mastermyne Group 's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Mastermyne Group overview

Mastermyne Group Limited provides contracting services to the underground long wall mining operations and industrial products and services in coalfields and supporting industries of Queensland and New South Wales, Australia. The company offers various mining services and equipment to the coal mining industry including, new mine development, mine operation, roadway development, conveyors, outbye, ventilation, secondary support, long wall relocations, polymeric emergency strata consolidation, production and ancillary equipment, and mining consumables. It also provides acrow props; cable-hanging brackets; geosorb, quick drive cement, road salt, and safe mark paints; pigtails and brackets, and structure and leg pins; dewatering products comprising snorebox, strainers, and suction strainers; poly droppers, poly sticks, and reflective streamers; spear and trickle dusters; and cable hanging crooks, life line products, and measuring sticks. In addition, the company offers nuts, pipe hanging brackets, pogo sticks and snap jacks, rollers, shoulder pipes and manifolds, ventilation products, visi clips, and webbing straps. Further, it provides training and consulting services; design and engineering services; and manages and maintains mining projects. Additionally, the company engages in machinery hire activities. Mastermyne Group Limited was founded in 1996 and is headquartered in Mackay, Australia.

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