Added to YB: 2026-03-27
Pitch date: 2026-03-22
TEA.AX [bullish]
Tasmea Limited
+24.68%
current return
Author Info
No bio for this author
Company Info
Tasmea Limited provides shutdown, maintenance, emergency breakdown, and capital upgrade services in Australia.
Market Cap
AUD 1.2B
Pitch Price
AUD 4.70
Price Target
10.44 (+78%)
Dividend
2.61%
EV/EBITDA
14.08
P/E
23.51
EV/Sales
1.84
Sector
Construction and Engineering
Category
growth
A Tasmea Ltd. Thesis
TEA.AX: Founder-led industrial services roll-up w/ dual growth engines. Acquisitions expand service breadth → unlock organic growth via cross-sell to existing clients + attract new MSAs. WorkPac buy adds largest AU labor pool, solves shortage issues, wins contracts faster. Margin expansion as self-servicing reduces outsourcing costs. Mgmt guides $0.30 EPS FY26 (+30% YoY), excl WorkPac synergies. Conservatively modeling to $0.58 EPS by 2030 = 16-20% CAGR at 15-18x PE vs $4.18 today.
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