Added to YB: 2025-08-25
Pitch date: 2025-07-14
LBL.AX [neutral]
LaserBond Limited
+51.91%
current return
Author Info
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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 64.9M
Pitch Price
AUD 0.37
Price Target
N/A
Dividend
2.19%
EV/EBITDA
6.74
P/E
12.77
EV/Sales
1.57
Sector
Machinery
Category
value
Is The Laserbond (ASX: LBL) Share Price Too Low?
LBL.AX trimmed position: Surface-engineering co serving mining/heavy industry. Service div strong, Products div declining (only 2 OEMs). Tech licensing underperforms. Margins squeezed by training costs & 40% Gateway acquisition. Sold at $0.47 after 6yr 10% return, but rebought at $0.36 as US expansion pause signals focus on core. P/E 15x (2H guidance) or <10x if returns to FY23 profit. Key risk: customer concentration.
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