Added to YB: 2025-06-27
Pitch date: 2025-06-26
MCE.AX [bullish]
Matrix Composites & Engineering Ltd
+25.64%
current return
Author Info
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Company Info
Matrix Composites & Engineering Ltd engages in the design, engineering, and manufacturing of engineered polymer products for the energy, mining and resource, and defence industries.
Market Cap
AUD 44.8M
Pitch Price
AUD 0.20
Price Target
0.48 (+96%)
Dividend
N/A
EV/EBITDA
5.02
P/E
6.25
EV/Sales
0.67
Sector
Energy Equipment and Services
Category
turnaround
Matrix Composites & Engineering (MCE:ASX)
MCE.AX: Syntactic foam buoyancy maker with world's largest plant at 20% capacity ($84M revenue vs $200M capacity). Shares hit on delayed SURF contracts worth ~$80M moving to FY26. Expect $110M revenue, $20M EBITDA in FY26 = 1.9x EV/EBITDA. 88-130% upside to 4-5x multiple. Massive offshore wind growth opportunity. AIS merger possibility after rejected bid.
Read full article (11 min)