MATRIX COMPOSITES & ENGINEERING LIMITED (MCE)
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MCE

MCE - MATRIX COMPOSITES & ENGINEERING LIMITED

FNArena Sector : NONE
Year End: June
GICS Industry Group : Energy
Debt/EBITDA: 7.5
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.37

13 Apr
2026

0.005

OPEN

$0.37

1.37%

HIGH

$0.37

2,474,645

LOW

$0.36

TARGET
$0.26 -29.7% downside
FNARENA'S MARKET CONSENSUS FORECASTS
MCE: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 1.0 - 1.1 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A 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-Div. 2c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-1.0
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx74.8 M
Book Value Per Share xxxxxxxxxxxxxxx13.1
Net Operating Cash Flow xxxxxxxxxxxxxxx-0.4 M
Net Profit Margin xxxxxxxxxxxxxxx-2.97 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-7.35 %
Return on Invested Capital xxxxxxxxxxxxxxx-3.46 %
Return on Assets xxxxxxxxxxxxxxx-2.52 %
Return on Equity xxxxxxxxxxxxxxx-7.35 %
Return on Total Capital xxxxxxxxxxxxxxx-1.68 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-5.3 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx8 M
Long Term Debt xxxxxxxxxxxxxxx29 M
Total Debt xxxxxxxxxxxxxxx37 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx18 M
Price To Book Value xxxxxxxxxxxxxxx1.68

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx5.1 M
Capex % of Sales xxxxxxxxxxxxxxx6.88 %
Cost of Goods Sold xxxxxxxxxxxxxxx67 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx9 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

0.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

28/11/2025

3

Speculative Hold

$0.26

-29.73%

At the AGM update, Matrix Composites & Engineering pointed to $70m of FY26 secured revenue to date, including $65m of contracted subsea work. Bell Potter estimates other segments are tracking around $5-6m in 1H FY26.

The broker notes 1H26 project phasing has hurt profits more than expected, leading to guidance for a 1H EBITDA loss vs its estimate for $1.8m profit. EBITDA is weighted to 2H and expected to turn positive for FY26 overall.

The company highlighted its drilling and SURF quotation pipeline is strong and could add to the FY26 orderbook if converted.

In other updates, a $7.5m note was refinanced, and the size increased on favourable interest rate terms. FY26 EBITDA forecast downgraded by -19% on lower margins and higher opex, with FY27-28 unchanged.

Speculative Hold. Target trimmed to 26c from 28c.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -1.10 cents.
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.70 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

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
Access Extra Coverage Research History >

MCE STOCK CHART

FNArena News on MCE

1
Next Week At A Glance – 7-10 Apr 2026

Apr 03 2026 - Weekly Reports
2
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Sep 10 2025 - Rudi's View
3
Weekly Ratings, Targets, Forecast Changes – 29-08-25

Sep 01 2025 - Weekly Reports
4
FNArena Corporate Results Monitor – 28-08-2025

Aug 28 2025 - Australia
5
Weekly Ratings, Targets, Forecast Changes – 18-07-25

Jul 21 2025 - Weekly Reports