Professional
Added to YB: 2024-12-06
Pitch date: 2024-12-04
MCE.AX [bullish]
Matrix Composites & Engineering Ltd
-9.26%
current return
Author Info
Company Info
Matrix Composites & Engineering Ltd engages in the design, engineering, and manufacturing of engineered polymer products for the energy, mining and resource, and defence industries.
Market Cap
AUD 44.8M
Pitch Price
AUD 0.27
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.02
P/E
6.25
EV/Sales
0.67
Sector
Energy Equipment and Services
Category
turnaround
Matrix Composites and Engineering (ASX:MCE)
MCE.AX: Subsea buoyancy module maker for offshore oil/gas. Cyclical, lumpy revenue. $60M market cap, $14.4M net cash. FY24 NPAT $3.6M (16.5x P/E). $280M quotations pending, incl. $80-140M projects. Expanding to offshore wind. Risks: oil market dependency, AUD fluctuations. Potential upside from growing order book.
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