Added to YB: 2026-04-10
Pitch date: 2026-04-09
LBL.AX [bullish]
LaserBond Limited
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 64.0M
Pitch Price
N/A
Price Target
0.85
Dividend
2.22%
EV/EBITDA
6.66
P/E
12.59
EV/Sales
1.55
Sector
Machinery
Category
turnaround
Ahead of the rest
LBL.AX: Australia's largest specialist surface engineering co w/ laser cladding tech serving mining/industrial OEMs. 14% sales CAGR over 21 yrs, 97% customer retention (BHP, Rio, Caterpillar). Services div +24% CAGR 2021-25. Orderbook +70% YoY signals H2 acceleration as equipment replacement cycle kicks in. New CEO after US expansion failure, refocused domestically. $2.3M Komatsu tech deal H2. Trading sub-10x P/E vs 15-17x historical. Target $0.85 (~50% upside) on $6.5M NPAT, 15x P/E. Risks: 2-OEM product concentration (34% sales), lumpiness, hiring constraints.
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