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Master Drilling Group (MDI) Fair Value & Analysis

Industrials · ZA · Market cap 2.6B ZAC

MD Master Drilling Group MDI · JSE
PriceR17.00
Fair ValueR3.53
Upside-79.2%
Quality87/100
Evidence: Medium Range R1.66 – R5.11

Fair value as of: Jun 26, 2026

From 25 valuation models · updated 3 days ago

Share price −8.6% over the past month.

Price vs Fair Value (12 months)

R20.41 R15.43 Fair Value R3.53 Jun 2025 Jun 2026

12‑month range R15.43 – R20.41 · fair‑value band R1.66 – R5.11 · the R17.00 price screens above the R3.53 fair value. As of Jun 26, 2026.

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Analysis

Master Drilling Group (MDI) currently trades at R17.00, while our model-based Fair Value estimate is R3.53 — implying the stock looks roughly 79.2% overvalued today. We read business quality at 87/100 (high quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Master Drilling Group generated revenue of 292M ZAR at a net margin of 10.4%. Revenue grew 10.4% year over year. It earns a return on equity of 14.3%. Net debt stands at 29.8M ZAR. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 292M ZAC
Revenue growth (YoY) +10.4%
Net margin 10.4%
Return on equity 14.3%
Free cash flow 219K ZAC FY2025
P/E ratio 5.1
More key figures
Operating margin 8.7%
EPS (TTM) R3.35
EPS growth (YoY) -8.7%
Net debt 29.8M ZAC FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

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 hea…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Master Drilling Group reported revenue of R292M in FY2025 versus R172M in FY2021, a compound +14.2%/yr. Reported net income was R30.5M in FY2025, compounding +11.1%/yr from FY2021.

Revenue +14.2%/yr
FY21 R172M
FY22 R226M
FY23 R243M
FY24 R271M
FY25 R292M
Net income +11.1%/yr
FY21 R20.0M
FY22 R21.4M
FY23 R20.6M
FY24 R17.4M
FY25 R30.5M

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Frequently asked questions

Is Master Drilling Group (MDI) undervalued?
As of Jun 26, 2026, our model estimates a fair value of R3.53 versus a price of R17.00 — about −79% (overvalued). Model-based estimate, not financial advice.
What is the fair value of MDI?
Our 21-model fair value for Master Drilling Group is R3.53 (as of Jun 26, 2026), built from audited fundamentals. The current price is R17.00.
What is the quality score of MDI?
Master Drilling Group has a Quality Score of 87/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Master Drilling Group (MDI)?
Master Drilling Group reported trailing-twelve-month revenue of about 292M ZAR (latest available figure, as of Jun 26, 2026).
What is the net profit margin of MDI?
The net profit margin of Master Drilling Group is about 10.4%, meaning it keeps roughly 10.4% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.