MATRIX COMPOSITES & ENGINEERING LIMITED (MCE)
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MCE - MATRIX COMPOSITES & ENGINEERING LIMITED

FNArena Sector : NONE
Year End: June
GICS Industry Group : Energy
Debt/EBITDA: 3.59
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.255

20 Nov
2024

0.015

OPEN

$0.24

6.25%

HIGH

$0.26

524,811

LOW

$0.24

TARGET
$0.385 51.0% upside
FNARENA'S MARKET CONSENSUS FORECASTS
MCE: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 1.7 0.9 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx - 68.1% - 45.8% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 26.1 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 03/04 - (franking Ex-Di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx1.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx85.0 M
Book Value Per Share xxxxxxxxxxxxxxx14.1
Net Operating Cash Flow xxxxxxxxxxxxxxx10.2 M
Net Profit Margin xxxxxxxxxxxxxxx4.29 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx12.62 %
Return on Invested Capital xxxxxxxxxxxxxxx5.55 %
Return on Assets xxxxxxxxxxxxxxx4.17 %
Return on Equity xxxxxxxxxxxxxxx12.62 %
Return on Total Capital xxxxxxxxxxxxxxx10.05 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx5.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx39 M
Total Debt xxxxxxxxxxxxxxx39 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx23 M
Price To Book Value xxxxxxxxxxxxxxx2.34

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx4.5 M
Capex % of Sales xxxxxxxxxxxxxxx5.28 %
Cost of Goods Sold xxxxxxxxxxxxxxx70 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx8 M
Research & Development xxxxxxxxxxxxxxx1 M
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxxxxxx xxxx xxxx xxxxxxxxxxx xxx

$xx.xx

xx.xx%

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Morgans

01/10/2024

1

Initiation of coverage with Speculative Buy

$0.44

72.55%

Morgans initiates research coverage on Matrix Composites & Engineering which engages in the design, engineering and manufacturing of engineered polymer products for the energy, mining and resource, and defence industries. 

The broker begins with a Speculative Buy rating and 44c target. For FY25, Morgans forecasts EBITDA growth of 21% and EPS growth of 41%.

Matrix should benefit from tailwinds in oil & gas (which may be supplemented by further market share gains) as it manufactures specialised engineered products that are critical for buoyancy.

Floating offshore wind also presents a large opportunity, particularly from 2030, suggests the analyst.

FORECAST
Morgans forecasts a full year FY25 dividend of 0.00 cents and EPS of 2.40 cents.
Morgans forecasts a full year FY26 dividend of 0.70 cents and EPS of 3.40 cents.
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EXTRA COVERAGE
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No. Of Recommendations

0

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
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MCE STOCK CHART

FNArena News on MCE

1
Weekly Ratings, Targets, Forecast Changes – 15-11-24

Nov 18 2024 - Weekly Reports
2
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3
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