Added to YB: 2024-04-12
Pitch date: 2024-04-10
DUR.AX [bullish]
Duratec Limited
+57.27%
current return
Author Info
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Company Info
Duratec Limited, together with its subsidiaries, engages in the provision of assessment, protection, remediation, and refurbishment services to a range of assets primarily for steel and concrete infrastructure in Australia.
Market Cap
AUD 491.2M
Pitch Price
AUD 1.17
Price Target
N/A
Dividend
2.23%
EV/EBITDA
10.64
P/E
21.97
EV/Sales
0.80
Sector
Construction and Engineering
Category
growth
Compounding Machine - Duratec Limited
DUR.AX: Aussie infra maintenance co. in defense, mining, utilities & buildings. 20% ROIC, 60%+ EBITDA growth guided. Diversified rev streams (<40% from top 5 projects), reputation moat, 80% recurring rev. Owns MEnD for lead gen ($1 MEnD rev = $25+ DUR). Mgmt owns 39%. Expanding TAM in huge sectors like defense. Rev growth strong but margins hit by inflation. Trades at $300M mkt cap.
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