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General information

Sector: Industrials

The company is not available at Interactive Brokers

Murray & Roberts Holdings Limited (JSE:MUR) is a leading multinational engineering and construction group that applies its project life cycle capabilities to optimise client’s fixed capital investment. The Group achieves this by focusing its expertise and capacity on delivering sustainable project engineering, procurement, construction, commissioning, operations and maintenance solutions.

The Group delivers its capabilities through three platforms:

Mining

The Mining platform operates globally and its services span the project life cycle, including feasibility studies, specialist engineering, vertical and decline shaft construction, mine development, specialist mining services such as raise boring and grouting, underground construction, contract mining and material handling solutions. It is currently has projects in Australia, Indonesia, Mongolia, Kazakhstan, South Africa, sub-Saharan Africa, Canada, USA, Mexico and Chile.

Energy, Resources & Infrastructure

This platform delivers engineering and contracting services in the energy, resources and infrastructure markets. It provides these services across the full project life cycle, including specialist engineering, procurement, construction, commissioning, operations and maintenance. The platform is headquartered in Perth and operates under the Clough brand.

Power, Industrial & Water

This platform delivers engineering and contracting services in the power, industrial and water markets. It provides full asset life cycle development, engineering, procurement, construction, operations and maintenance solutions in the power, water, oil and gas, petrochemical, resources, industrial, and transmission and distribution markets, primarily in South Africa and sub-Saharan Africa.



  • Bad financial results growth rate -80.1% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (0.1%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield 63.0% (LTM)
  • Share price is 408.6% higher than minimum and 80.3% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (7.0x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (+0.3%)2.95
Share price, USD: 0.1685
Common stocks: 445 578 231

Dividend Yield:  0.0%
FCF Yield LTM: 63.0%
EV / LTM EBITDA: 7.0x
Last revenue growth (y/y):  -66.6%
Last growth of EBITDA (y/y):  -93.6%
Historical revenue growth:  -6.0%
Historical growth of EBITDA:  +20.7%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 75
Net Debt ($m): 16
EV (Enterprise Value): 91
EBITDA LTM ($m): 13
EV / LTM EBITDA: 7.0x
Price to Book: 0.68x

Revenue and EBITDA

Semi-Annual values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

EV / EBITDA

Potential dynamics

More information for subscribed users:
detailed calculation of
Potential and Created Value,
website traffic data

Releases

2022-06-22
Murray & Roberts’ Business Platform Presentations Available Online On The Company’s Corporate Website
2022-06-13
Changes to the Board and Committees
2022-05-27
Perdaman Awards The EPC Contract For Its Approximately US$2,7 Billion Urea Plant To The Clough Saipem Joint Venture
2022-03-22
Clough Selected As Preferred Tenderer For The Multi-Billion Australian Dollar Inland Rail Project
2022-03-02
Interim results for the six months ended 31 December 2021
2022-02-22
Trading statement for the six months ended 31 December 2021
2021-12-03
Results of Annual General Meeting
2021-12-02
Seventy-Third Annual General Meeting: Business Update
2021-10-28
Energy, Resources & Infrastructure Platform Receives Circa R1,6 Billion In New Project Awards In Australia
2021-10-12
Acquisition Of J.J. White Incorporated By Clough North America Holding, Inc
2021-09-30
Annual Integrated Report, Notice of Annual General Meeting and B-BBEE Compliance Report
2021-09-20
Dealings in securities
2021-09-06
Voluntary Announcement: Allocation of cash settled conditional rights award
2021-09-03
Dealing in securities by director
2021-09-01
Annual results for the year ended 30 June 2021

SENS Announcements

2024-09-18
Dealings in Securities
2024-09-11
Annual Results for the year ended 30 June 2024
2024-09-02
Notice Of Disposal Of Murray & Roberts Securities
2024-08-30
Murray & Roberts Signs Credit-Approved Term Sheet With South African Banking Consortium
2024-08-28
Trading Statement
2024-08-21
Optipower, In Joint Venture With Coxabengoa, Awarded A Solar Photovoltaic Renewable Energy Contract
2024-07-15
Cementation Americas Awarded A Significant Mine Construction Project In Latin America
2024-06-21
Changes to composition of board committees
2024-05-02
Notice of Acquisition of Murray & Roberts Securities
2024-04-22
Terra Nova Technologies, Inc. in a joint venture, awarded a significant EPC Contract in South America
2024-04-22
CANCELLATION OF S488470 Terra Nova Technologies, Inc in a joint venture, awarded a significant EPC contract in South Africa
2024-04-22
Terra Nova Technologies, Inc in a joint venture, awarded a significant EPC contract in South Africa
2024-03-06
Interim results for the six months ended 31 December 2023
2024-02-29
Trading statement for the six months ended 31 December 2023
2024-02-21
Notice in terms of Section 45(5) of the Companies Act
2024-01-08
Notice of disposal of Murray & Roberts securities
2023-12-12
Notice Of Disposal Of Murray & Roberts Securities
2023-12-08
Meaningful progress with the reduction of South African Debt and Overhead Costs
2023-11-02
Results of the 75th Annual General Meeting
2023-11-02
Seventy-Fifth Annual General Meeting - Business Update
2023-10-04
Murray & Roberts Pty Ltd (Administrators Appointed) (Receivers And Managers Appointed) – Update
2023-09-29
Annual Integrated Report, Notice of Annual General Meeting and B-BBEE Compliance Report
2023-09-14
Change in Company Secretary
2023-09-07
Notice of disposal of Murray & Roberts Securities
2023-09-06
Dealings in securities
2023-09-05
Dealings in Securities by Director
2023-08-30
Annual Results for the year ended 30 June 2023
2023-08-28
Trading Statement for the year ended 30 June 2023
2023-08-22
Category 2 Disposal Announcement – Aarden Solar
2023-07-21
Notice in terms of Section 45(5) of the Companies Act, 71 of 2008, as amended (“the Act”)
2023-07-04
Termination Of The Deed Of Company Arrangement Term Sheet
2023-06-27
Update Regarding The Deed Of Company Arrangement Proposal For Murray & Roberts To Regain Control Of RUC Cementation
2023-04-04
Murray & Roberts Completes The Disposal Of Its Entire Interest In Bombela Concession Company and Business Update
2023-03-28
Murray & Roberts Enters Into A Binding Deed Of Company Arrangement Term Sheet With The Administrators Of MRPL
2023-03-27
Category 2 Disposal Announcement - Insig Technologies
2023-03-02
Changes to Board Committees
2023-03-01
Interim results for the six months ended 31 December 2022
2023-02-27
Updated Trading Statement For The Six Months Ended 31 December 2022 And Withdrawal Of Cautionary Announcement
2023-02-20
Results of the general meeting - disposal of Bombela Concession Company
2023-02-15
Clough to exit voluntary administration and group Australia Holding Company Update
2023-02-13
Adjourment Of The General Meeting With Regards To The Proposed Disposal Of The Bombela Concession Company
2023-01-13
Distribution of circular and notice of general meeting
2023-01-13
Renewal of cautionary announcement
2023-01-10
Changes to the board and committees
2022-12-05
Termination Of The Proposed Disposal By Murray & Roberts Of Its Interest In Clough Limited To Webuild S.P.A.
2022-12-01
Disposal By Murray & Roberts Limited Of Its Entire Interest In The Bombela Concession Company
2022-11-18
The Proposed Disposal By Murray & Roberts Of Its Interest In Clough Limited To Webuild S.P.A.
2022-11-16
Conclusion of debt refinancing and restructuring process
2022-11-11
EDF Renewables awards OptiPower in consortium with Concor Construction projects in South Africa
2022-11-08
Proposed Sale Of 100% Of Murray & Roberts' Interests In Clough Limited To Webuild S.P.A.,
2022-11-04
Results of Annual General Meeting
2022-11-03
Seventy-Fourth Annual General Meeting - Business Update
2022-09-30
Publication of Annual Integrated Report and notice of annual general meeting
2022-09-08
Dealings in securities
2022-09-06
Dealings in securities
2022-08-31
Annual Results for the year ended 30 June 2022
2022-08-25
Trading Statement
2022-06-22
Murray & Roberts’ Business Platform Presentations Available Online On The Company’s Corporate Website
2022-06-13
Changes to the Board and Committees
2022-05-27
Perdaman Awards The EPC Contract For Its Approximately US$2,7 Billion Urea Plant To The Clough Saipem Joint Venture