Added to YB: 2026-07-30
Pitch date: 2026-07-12
SMN.AX [bullish]
Structural Monitoring Systems Plc
+3.36%
current return
Author Info
No bio for this author
Company Info
Structural Monitoring Systems Plc, together with its subsidiaries, engages in the design, development, and manufacture of avionic products in the Americas, Europe, the United Kingdom, Asia, Middle East, Australasia, and Africa.
Market Cap
AUD 62.2M
Pitch Price
AUD 0.39
Price Target
0.65 (+63%)
Dividend
N/A
EV/EBITDA
10.33
P/E
25.94
EV/Sales
2.02
Sector
Electronic Equipment, Instruments and Components
Category
value
Mr. Market Thinks it is a CVM Story. It's Not. - $SMN.AX
SMN.AX: Aussie micro-cap misvalued as failed CVM crack-detection story; now a profitable avionics/aerospace electronics operator via AEM/Eagle Audio. 5 straight profitable quarters, EBITDA margin 8.8%→23% (1H26), net cash. Mix-shift to proprietary avionics lifts quality. New CEO Freeman targets AU$100M sales by FY30. Base case 12x AU$8M EBITDA=~AU$100M equity vs AU$58.4M mkt cap, 70%+ upside; CVM FAA approval (FY27) free optionality. Risks: 37% customer concentration, low insider ownership, dilution/24M options at AU$0.74.
Read full article (6 min)