Added to YB: 2025-07-29
Pitch date: 2025-07-25
LBL.AX [bullish]
LaserBond Limited
+4.05%
current return
Author Info
HD Capital Partners is a Sydney based fund manager specialising in smaller listed companies. Sign up for the newsletter.
Company Info
LaserBond Limited, a surface engineering company, engages in the development and application of materials, technologies, and methodologies to enhance operating performance and wear life of capital-intensive machinery components in Australia.
Market Cap
AUD 64.0M
Pitch Price
AUD 0.52
Price Target
0.65 (+20%)
Dividend
2.22%
EV/EBITDA
6.66
P/E
12.59
EV/Sales
1.55
Sector
Machinery
Category
growth
Laserbond: Our Thoughts and Profit Upgrade
LBL.AX: Australian surface engineering co with 16% 10yr CAGR, 20% margins. Recent 2H25 PBT upgrade to $3.7m from $2.4-3.1m. Services growing, Products division rebounding after temp issues. Trades at 10x PE vs prior 20x PE peak. $0.65 PT (60% upside). Founder-led, competitive moat in mission-critical parts that last 10x longer.
Read full article (7 min)