Master Drilling Group (FRA:I49) Scaled Net Operating Assets: 0.67 (As of Dec. 2025)


FRA:I49 Master Drilling Group Ltd FRA:I49
61 GF Score
Price €0.83
GF Value €0.84
Valuation Fairly Valued
! 2 Warning Signs
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What is Master Drilling Group Scaled Net Operating Assets?

Master Drilling Group FRA:I49 -4.07% 61 Scaled Net Operating Assets is 0.67 as of Dec. 2025. GuruFocus rates FRA:I49 with a GF Score™ of 61/100 and a GF Value™ of €0.84 (Fairly Valued). The stock has 2 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Master Drilling Group's operating assets for the quarter that ended in Dec. 2025 was €336.7 Mil. Master Drilling Group's operating liabilities for the quarter that ended in Dec. 2025 was €105.0 Mil. Master Drilling Group's Total Assets for the quarter that ended in Jun. 2025 was €346.5 Mil. Therefore, Master Drilling Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.67.


Master Drilling Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Master Drilling Group's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Master Drilling Group Scaled Net Operating Assets Chart

Master Drilling Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.82 0.81 0.63 0.66 0.65

Master Drilling Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.67 0.64 0.64 0.61 0.67

FRA:I49 vs PWR, FIX, EME: Scaled Net Operating Assets Comparison

For the Engineering & Construction subindustry, Master Drilling Group's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Master Drilling Group Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Master Drilling Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Master Drilling Group's Scaled Net Operating Assets falls into.


FRA:I49
61GF Score
Master Drilling Group Ltd FRA:I49
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Master Drilling Group Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Master Drilling Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(336.713-104.962)/356.21
=0.65

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=370.97 - 34.257
=336.713

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=164.428 - 43.16 - 16.306
=104.962

Master Drilling Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(336.713-104.962)/346.537
=0.67

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=370.97 - 34.257
=336.713

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=164.428 - 43.16 - 16.306
=104.962

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.67 mean?
Master Drilling Group (FRA:I49) has a Scaled Net Operating Assets of 0.67 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Master Drilling Group and its competitors.
Is Master Drilling Group's Scaled Net Operating Assets too high?
Master Drilling Group's current Scaled Net Operating Assets is 0.67. Overall, Master Drilling Group has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Master Drilling Group's Scaled Net Operating Assets compare to PWR and FIX?
Master Drilling Group's Scaled Net Operating Assets of 0.67 can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Construction company?
A good Scaled Net Operating Assets depends on the Construction industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Master Drilling Group and its competitors. Master Drilling Group's current Scaled Net Operating Assets is 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Master Drilling Group stock overvalued right now?
Based on GuruFocus' analysis, Master Drilling Group (FRA:I49) is currently considered Fairly Valued. The stock's GF Value™ is €0.84, compared to a current price of €0.83 — trading 1.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.67. Master Drilling Group's overall GF Score™ is 61/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Master Drilling Group (FRA:I49), the current Scaled Net Operating Assets is 0.67 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Master Drilling Group (FRA:I49) Overvalued in 2026?

Based on GuruFocus' analysis, Master Drilling Group stock appears to be undervalued. The current stock price of €0.83 is trading 1.8% below its estimated GF Value™ of €0.84. GuruFocus considers Master Drilling Group to be Fairly Valued.

Key valuation signals for FRA:I49:

  • Scaled Net Operating Assets: 0.67
  • GF Value™: €0.84 vs. price of €0.83 (1.8% below fair value)
  • GF Score™: 61/100 with 2 warning signs

No single metric tells the full story. See the FRA:I49 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Master Drilling Group Business Description

Other Exchanges MDI:South Africa
Address 4 Bosman Street, PO Box 902, Fochville, GT, ZAF, 2515
Master Drilling Group Ltd is an investment holding company. The company along with its subsidiary companies is engaged in providing specialized drilling services and solutions that enforce business rules, optimize output, safeguard miners, protect/manage assets and locate missing persons for blue-chip and mid-tier companies in the mining, civil engineering, construction and hydroelectric power sectors across a number of commodities and geographies. Its activities include the Sale of industrial products, Raise boring, Support services, Slim drilling, and New rock boring technology.
61GF Score

Get the complete analysis for FRA:I49

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.83
Price
€0.84
GF Value