Added to YB: 2026-09-30
Pitch date: 2026-09-25
LBL.AX [bullish]
LaserBond Limited
+0.93%
current return
Author Info
No bio for this author
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 62.3M
Pitch Price
AUD 0.54
Price Target
0.63 (+17%)
Dividend
3.05%
EV/EBITDA
6.92
P/E
12.68
EV/Sales
1.45
Sector
Machinery
Category
value
LaserBond Research Note & Opportunity Discussion
LBL.AX: LaserBond is priced as a cyclical repair shop at A$0.56 and 13.4x FY26 earnings, despite proprietary surface-engineering products and a first A$2.3M Komatsu laser cell that validates its process and could seed long-tail licensing revenue. A partial Products-margin recovery implies A$0.63 at the same multiple, before further cells or Gateway consolidation. The main risk is structural tungsten-driven margin damage; no second OEM-cell contract in FY27 would also undermine the licensing thesis.
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