Added to YB: 2025-06-27
Pitch date: 2025-06-26
MCE.AX [bullish]
Matrix Composites & Engineering Ltd
+104.1%
current return
Author Info
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Company Info
Matrix Composites & Engineering Ltd engages in the design, manufacture, and supply of engineered composite products in Australia, Brazil, the United States, the United Kingdom, Japan, and internationally.
Market Cap
AUD 89.3M
Pitch Price
AUD 0.20
Price Target
0.48 (+21%)
Dividend
N/A
EV/EBITDA
-94.04
P/E
-6.98
EV/Sales
1.78
Sector
Energy Equipment and Services
Category
turnaround
Matrix Composites & Engineering (MCE:ASX)
MCE.AX: Syntactic foam buoyancy maker with world's largest plant at 20% capacity ($84M revenue vs $200M capacity). Shares hit on delayed SURF contracts worth ~$80M moving to FY26. Expect $110M revenue, $20M EBITDA in FY26 = 1.9x EV/EBITDA. 88-130% upside to 4-5x multiple. Massive offshore wind growth opportunity. AIS merger possibility after rejected bid.
Read full article (11 min)