Monadelphous Group Ltd
MND: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| A$44.53 | Jgqp | Bcrkmlg |
Things Slowly Improving Following Height of Recent Coronavirus-Related Restrictions
Business Strategy and Outlook
Despite uneven global economic conditions, the Australian mining and energy sectors experienced an unprecedented investment boom in the past decade. The domestic engineering, construction, and maintenance industry is highly dependent on continuing solid domestic economic conditions and increasing capital investment in mining and energy projects. Monadelphous successfully rode the investment wave, but a less certain future demands diversification.