METAL POWDER WORKS LIMITED (MPW)
Share Price Analysis and Chart

15/09/2026

1

Speculative Buy

$3.90

101.03%

Canaccord Genuity maintains a Speculative Buy rating for Metal Powder Works with a $3.90 target price following management's decision to accelerate installed capacity expansion to 800t p.a. by the first half of 2027.

The company plans to deploy four new NextGen units in the near term to reach 528t p.a. over the next six to eight months, funding the estimated US$2m capital expenditure using an existing $11m net cash balance.

The accelerated expansion suggests increasing confidence in the commercial opportunity pipeline, with indicative demand for Press and Sinter applications reaching 720t p.a. following an expanded sales team footprint.

The analyst views the initial production order from Advantage Metal Powders as a potential precursor to long-term offtake agreements.

The submission of a qualification package to the US Army research laboratory is seen as providing a potential pathway into the US defence supply chain.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -4.40 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -2.00 cents.