LaserBond（LBL）株式概要サーフェスエンジニアリング企業であるレーザーボンド社は、オーストラリアで、資本集約的な機械部品の運転性能と摩耗寿命を向上させる材料、技術、手法の開発と応用に従事している。 詳細LBL ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長5/6過去の実績5/6財務の健全性5/6配当金3/6報酬当社が推定した公正価値より33.9%で取引されている 収益は年間30.71%増加すると予測されています 過去1年間で収益は27.7%増加しました 同業他社や業界と比較して、良好な取引価格 リスク分析意味のある時価総額がありません ( A$62M )すべてのリスクチェックを見るLBL Community Fair Values Create NarrativeSee what 46 others think this stock is worth. Follow their fair value or set your own to get alerts.NEW465,688 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA465,688 investors already sharing narrativesYour Fair ValueAU$Current PriceAU$0.5257.0% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0168m2016201920222025202620282031Revenue AU$168.2mEarnings AU$17.1mAdvancedSet Fair ValueView all narrativesLaserBond Limited 競合他社Zicom GroupSymbol: ASX:ZGLMarket cap: AU$30.2mKorvestSymbol: ASX:KOVMarket cap: AU$209.2mAdvanced Innergy HoldingsSymbol: ASX:AIHMarket cap: AU$219.6mXRF ScientificSymbol: ASX:XRFMarket cap: AU$267.5m価格と性能株価の高値、安値、推移の概要LaserBond過去の株価現在の株価AU$0.5252週高値AU$0.6752週安値AU$0.48ベータ0.0941ヶ月の変化-9.57%3ヶ月変化-3.70%1年変化1.96%3年間の変化-38.82%5年間の変化-35.00%IPOからの変化147.62%最新ニュースDeclared Dividend • 3hFinal dividend of AU$0.008 announcedShareholders will receive a dividend of AU$0.008. Ex-date: 3rd September 2026 Payment date: 25th September 2026 Dividend yield will be 3.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (9% earnings payout ratio) and cash flows (75% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 21Full year 2026 earnings released: EPS: AU$0.042 (vs AU$0.033 in FY 2025)Full year 2026 results: EPS: AU$0.042 (up from AU$0.033 in FY 2025). Revenue: AU$48.2m (up 11% from FY 2025). Net income: AU$4.91m (up 28% from FY 2025). Profit margin: 10% (up from 8.8% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 59% growth forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.お知らせ • Aug 05LaserBond Limited to Report Fiscal Year 2026 Results on Aug 20, 2026LaserBond Limited announced that they will report fiscal year 2026 results at 10:00 AM, AUS Eastern Standard Time on Aug 20, 2026Price Target Changed • Feb 24Price target increased by 13% to AU$0.85Up from AU$0.75, the current price target is an average from 2 analysts. New target price is 40% above last closing price of AU$0.60. Stock is up 34% over the past year. The company posted earnings per share of AU$0.033 last year.Declared Dividend • Feb 23First half dividend of AU$0.008 announcedShareholders will receive a dividend of AU$0.008. Ex-date: 5th March 2026 Payment date: 27th March 2026 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 21First half 2026 earnings released: EPS: AU$0.019 (vs AU$0.009 in 1H 2025)First half 2026 results: EPS: AU$0.019 (up from AU$0.009 in 1H 2025). Revenue: AU$23.0m (up 13% from 1H 2025). Net income: AU$2.22m (up 117% from 1H 2025). Profit margin: 9.6% (up from 5.0% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 52% growth forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.最新情報をもっと見るRecent updatesDeclared Dividend • 3hFinal dividend of AU$0.008 announcedShareholders will receive a dividend of AU$0.008. Ex-date: 3rd September 2026 Payment date: 25th September 2026 Dividend yield will be 3.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (9% earnings payout ratio) and cash flows (75% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 21Full year 2026 earnings released: EPS: AU$0.042 (vs AU$0.033 in FY 2025)Full year 2026 results: EPS: AU$0.042 (up from AU$0.033 in FY 2025). Revenue: AU$48.2m (up 11% from FY 2025). Net income: AU$4.91m (up 28% from FY 2025). Profit margin: 10% (up from 8.8% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 59% growth forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.お知らせ • Aug 05LaserBond Limited to Report Fiscal Year 2026 Results on Aug 20, 2026LaserBond Limited announced that they will report fiscal year 2026 results at 10:00 AM, AUS Eastern Standard Time on Aug 20, 2026Price Target Changed • Feb 24Price target increased by 13% to AU$0.85Up from AU$0.75, the current price target is an average from 2 analysts. New target price is 40% above last closing price of AU$0.60. Stock is up 34% over the past year. The company posted earnings per share of AU$0.033 last year.Declared Dividend • Feb 23First half dividend of AU$0.008 announcedShareholders will receive a dividend of AU$0.008. Ex-date: 5th March 2026 Payment date: 27th March 2026 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 21First half 2026 earnings released: EPS: AU$0.019 (vs AU$0.009 in 1H 2025)First half 2026 results: EPS: AU$0.019 (up from AU$0.009 in 1H 2025). Revenue: AU$23.0m (up 13% from 1H 2025). Net income: AU$2.22m (up 117% from 1H 2025). Profit margin: 9.6% (up from 5.0% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 52% growth forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.お知らせ • Feb 17LaserBond Limited to Report First Half, 2026 Results on Feb 20, 2026LaserBond Limited announced that they will report first half, 2026 results on Feb 20, 2026Board Change • Feb 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Dagmar Parsons was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Buy Or Sell Opportunity • Dec 30Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to AU$0.63. The fair value is estimated to be AU$0.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has declined by 8.8%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 34% per annum over the same time period.分析記事 • Dec 12What LaserBond Limited's (ASX:LBL) 26% Share Price Gain Is Not Telling YouLaserBond Limited ( ASX:LBL ) shareholders have had their patience rewarded with a 26% share price jump in the last...Buy Or Sell Opportunity • Nov 27Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to AU$0.61. The fair value is estimated to be AU$0.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has declined by 8.8%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 34% per annum over the same time period.分析記事 • Oct 27Why Investors Shouldn't Be Surprised By LaserBond Limited's (ASX:LBL) Low P/EWhen close to half the companies in Australia have price-to-earnings ratios (or "P/E's") above 22x, you may consider...お知らせ • Sep 26LaserBond Limited, Annual General Meeting, Nov 20, 2025LaserBond Limited, Annual General Meeting, Nov 20, 2025. Location: at rydges campbelltown, bookman-rockwell meeting room, 15 old menangle road, campbelltown nsw 2560, AustraliaDeclared Dividend • Aug 25Final dividend of AU$0.008 announcedShareholders will receive a dividend of AU$0.008. Ex-date: 4th September 2025 Payment date: 26th September 2025 Dividend yield will be 2.3%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 22Full year 2025 earnings released: EPS: AU$0.033 (vs AU$0.031 in FY 2024)Full year 2025 results: EPS: AU$0.033 (up from AU$0.031 in FY 2024). Revenue: AU$43.5m (up 3.6% from FY 2024). Net income: AU$3.84m (up 9.1% from FY 2024). Profit margin: 8.8% (up from 8.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.分析記事 • Jul 22LaserBond Limited's (ASX:LBL) Shares Leap 26% Yet They're Still Not Telling The Full StoryLaserBond Limited ( ASX:LBL ) shareholders have had their patience rewarded with a 26% share price jump in the last...分析記事 • May 07The Market Lifts LaserBond Limited (ASX:LBL) Shares 25% But It Can Do MoreThose holding LaserBond Limited ( ASX:LBL ) shares would be relieved that the share price has rebounded 25% in the last...分析記事 • Apr 08LaserBond (ASX:LBL) Might Be Having Difficulty Using Its Capital EffectivelyTo find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...Major Estimate Revision • Feb 27Consensus revenue estimates decrease by 14%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from AU$51.3m to AU$44.2m. EPS estimate unchanged from AU$0.051 per share at last update. Machinery industry in Australia expected to see average net income growth of 20% next year. Consensus price target down from AU$1.10 to AU$0.85. Share price fell 28% to AU$0.43 over the past week.分析記事 • Feb 27Take Care Before Jumping Onto LaserBond Limited (ASX:LBL) Even Though It's 28% CheaperLaserBond Limited ( ASX:LBL ) shareholders that were waiting for something to happen have been dealt a blow with a 28...Declared Dividend • Feb 24First half dividend of AU$0.004 announcedShareholders will receive a dividend of AU$0.004. Ex-date: 6th March 2025 Payment date: 28th March 2025 Dividend yield will be 2.6%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (48% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 163% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 24First half 2025 earnings released: EPS: AU$0.009 (vs AU$0.015 in 1H 2024)First half 2025 results: EPS: AU$0.009 (down from AU$0.015 in 1H 2024). Revenue: AU$20.3m (flat on 1H 2024). Net income: AU$1.04m (down 38% from 1H 2024). Profit margin: 5.1% (down from 8.3% in 1H 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.Buy Or Sell Opportunity • Feb 21Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to AU$0.47. The fair value is estimated to be AU$0.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 7.2%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 35% per annum over the same time period.分析記事 • Sep 30Investors Could Be Concerned With LaserBond's (ASX:LBL) Returns On CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...お知らせ • Sep 20LaserBond Limited, Annual General Meeting, Oct 23, 2024LaserBond Limited, Annual General Meeting, Oct 23, 2024. Location: rydges campbelltown, rockwell meeting room, 15 old menangle road, capmbelltown nsw 2560, AustraliaDeclared Dividend • Aug 27Final dividend of AU$0.008 announcedDividend of AU$0.008 is the same as last year. Ex-date: 5th September 2024 Payment date: 27th September 2024 Dividend yield will be 2.6%, which is lower than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time.Price Target Changed • Aug 24Price target decreased by 12% to AU$1.10Down from AU$1.25, the current price target is provided by 1 analyst. New target price is 69% above last closing price of AU$0.65. Stock is down 24% over the past year. The company posted earnings per share of AU$0.031 last year.Reported Earnings • Aug 23Full year 2024 earnings released: EPS: AU$0.031 (vs AU$0.043 in FY 2023)Full year 2024 results: EPS: AU$0.031 (down from AU$0.043 in FY 2023). Revenue: AU$42.0m (up 8.7% from FY 2023). Net income: AU$3.52m (down 26% from FY 2023). Profit margin: 8.4% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, while revenues in the Machinery industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.New Risk • Mar 06New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (6.0% increase in shares outstanding). Market cap is less than US$100m (AU$81.4m market cap, or US$53.0m).Major Estimate Revision • Feb 29Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from AU$47.8m to AU$45.4m. EPS estimate also fell from AU$0.056 per share to AU$0.049 per share. Net income forecast to grow 77% next year vs 46% growth forecast for Machinery industry in Australia. Consensus price target up from AU$1.15 to AU$1.25. Share price fell 15% to AU$0.74 over the past week.Price Target Changed • Feb 28Price target increased by 14% to AU$1.25Up from AU$1.10, the current price target is provided by 1 analyst. New target price is 72% above last closing price of AU$0.72. Stock is down 21% over the past year. The company is forecast to post earnings per share of AU$0.049 for next year compared to AU$0.043 last year.Declared Dividend • Feb 25First half dividend of AU$0.008 announcedDividend of AU$0.008 is the same as last year. Ex-date: 6th March 2024 Payment date: 28th March 2024 Dividend yield will be 2.1%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 100% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Sep 08LaserBond Limited, Annual General Meeting, Oct 19, 2023LaserBond Limited, Annual General Meeting, Oct 19, 2023, at 10:00 AUS Eastern Standard Time. Location: Campbelltown Catholic Club Quondong Room 20-22 Camden Road CAMPBELLTOWN NSW 2560 Campbell Town New South Wales Australia Agenda: To consider the annual financial report of the Company for the financial year ended 30 June 2023 together with the declaration of Directors, the Directors' report the remuneration report and the auditor's report; to discuss the adoption of the remuneration report; to discuss re-election as a executive Director Mr Matthew Twist; to re-election as a non-executive Director Ms Dagmar Parsons; and to discuss approval of an additional placement capacity to issue securities equivalent to an additional.Reported Earnings • Aug 25Full year 2023 earnings released: EPS: AU$0.043 (vs AU$0.033 in FY 2022)Full year 2023 results: EPS: AU$0.043 (up from AU$0.033 in FY 2022). Revenue: AU$38.6m (up 26% from FY 2022). Net income: AU$4.76m (up 31% from FY 2022). Profit margin: 12% (in line with FY 2022). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 33% decline forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 24LaserBond Limited Declares Ordinary Franked Dividend for the Six Months Ended June 30, 2023, Payable on October 6, 2023LaserBond Limited declared ordinary franked dividend of AUD 0.00800000 per share for the six months ended June 30, 2023. Ex-date is September 7, 2023. Record date is September 8, 2023. Payment date is October 6, 2023.分析記事 • Jun 07Calculating The Fair Value Of LaserBond Limited (ASX:LBL)Key Insights The projected fair value for LaserBond is AU$0.60 based on 2 Stage Free Cash Flow to Equity With AU$0.70...Reported Earnings • Feb 25First half 2023 earnings released: EPS: AU$0.018 (vs AU$0.016 in 1H 2022)First half 2023 results: EPS: AU$0.018 (up from AU$0.016 in 1H 2022). Revenue: AU$18.7m (up 39% from 1H 2022). Net income: AU$2.00m (up 31% from 1H 2022). Profit margin: 11% (in line with 1H 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jan 30LaserBond Limited Appoints Dagmar Parsons to the Board as A Non-Executive Director, Effective 30 January 2023LaserBond Limited announced the appointment of Mr. Dagmar Parsons to the board as a non-executive director, effective 30 January 2023. Mr. Parsons has worked with major national and multinational entities in senior executive and non-executive director positions, driving critical market success by providing strategic direction, visionary leadership and innovative thinking. She has considerable experience in transforming and growing complex business across diverse corporate, operational and entrepreneurial roles in Australia, Asia and Europe. Mr. Parsons is the non-executive chair of Advanced Braking Technology Ltd., managing director of Rail Safety Systems Pty Ltd. and serves as non-executive director of Transport Safety Systems Group Ltd. She is a graduate member of the Australian Institute of Company Directors.Price Target Changed • Nov 16Price target decreased to AU$1.10Down from AU$1.35, the current price target is provided by 1 analyst. New target price is 29% above last closing price of AU$0.85. Stock is down 12% over the past year. The company is forecast to post earnings per share of AU$0.053 for next year compared to AU$0.035 last year.Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Ian Neal was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Sep 19LaserBond Limited, Annual General Meeting, Oct 20, 2022LaserBond Limited, Annual General Meeting, Oct 20, 2022, at 10:01 E. Australia Standard Time. Location: Rydges Campbelltown, Bookman & Rockwell Room 15 Old Menangle Road Campbelltown New South Wales Australia Agenda: To receive and consider the annual financial report of the company for the financial year ended 30 June 2022 together with the declaration of Directors, the Directors' report, the remuneration report and the auditor's report; to consider adoption of remuneration report; to consider re-election of executive director.Major Estimate Revision • Sep 01Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 revenue forecast increased from AU$42.7m to AU$44.5m. EPS estimate fell from AU$0.06 to AU$0.05 per share. Net income forecast to grow 60% next year vs 59% growth forecast for Machinery industry in Australia. Consensus price target of AU$1.10 unchanged from last update. Share price rose 8.9% to AU$0.92 over the past week.分析記事 • Aug 28Investors Met With Slowing Returns on Capital At LaserBond (ASX:LBL)Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...Reported Earnings • Aug 26Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: AU$0.035 (up from AU$0.03 in FY 2021). Revenue: AU$30.7m (up 25% from FY 2021). Net income: AU$3.63m (up 28% from FY 2021). Profit margin: 12% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 39%, compared to a 176% growth forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 25LaserBond Limited Declares Dividend for the Period for Six Months Ended June 30, 2022, Payable on October 07, 2022LaserBond Limited declared dividend for the period for six months ended June 30, 2022 of AUD 0.00800000, payable on October 07, 2022. Record Date is September 09, 2022 and Ex Date is September 08, 2022.Major Estimate Revision • Jun 01Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from AU$35.0m to AU$32.2m. EPS estimate also fell from AU$0.05 per share to AU$0.04 per share. Net income forecast to grow 68% next year vs 14% growth forecast for Machinery industry in Australia. Consensus price target down from AU$1.35 to AU$1.10. Share price fell 6.0% to AU$0.79 over the past week.お知らせ • May 28LaserBond Limited Provides Revenue Guidance for the Fiscal Year 2022LaserBond Limited provided revenue guidance for the fiscal year 2022. The company announced revenue expectations of approximately $35 million for fiscal year 2022. However, due to supply chain delays, the company expects to recognize revenue of between $30 million and $31 million representing growth of 22% to 26% over fiscal year 2021.お知らせ • May 09LaserBond Limited Appoints Ian Neal to the Board as Non-Executive DirectorLaserBond Limited announced the appointment of Mr. Ian Neal to the Board as a non-executive director, effective from May 8, 2022. Mr. Neal is a Chair for the Executive Connection and consults on business strategy and implementation from a perspective of maximising shareholder value. He was co-founder and managing director of Nanyang Ventures Pty Limited from 1993 to 2004. His professional background is in financial markets, commencing as an equities analyst and moving to various banking positions until establishing Nanyang Ventures. He is a life member of the Financial Services Institute of Australia, a previous National President of The Securities Institute ofAustralia and was a member of the first Corporate Governance Council which established the Corporate Governance Guidelines. LaserBond welcomes Mr. Neal's appointment as an important step in the growth strategies and hope to expand the Board with an additional non-executive director in the near future to both complement Mr. Neal's experience and provide more value to the Board.Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. CFO, Company Secretary & Executive Director Matthew Twist was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 08LaserBond Limited Announces Dividend for the Period Ended March 31, 2022, Payable on April 8, 2022LaserBond Limited announced a dividend of AUD 0.00600000 per unit for the period ended March 31, 2022. The record date is on March 11, 2022, and the ex-date is on March 10, 2022. The dividend is payable on April 8, 2022.Reported Earnings • Feb 24First half 2022 earnings: EPS and revenues miss analyst expectationsFirst half 2022 results: EPS: AU$0.016 (up from AU$0.012 in 1H 2021). Revenue: AU$13.4m (up 13% from 1H 2021). Net income: AU$1.52m (up 28% from 1H 2021). Profit margin: 11% (up from 10% in 1H 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 5.6%. Over the next year, revenue is forecast to grow 48%, compared to a 63% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 24Laserbond Limited Declares Fully Franked Interim Dividend for Half-Year Ended 31St December 2021, Payable on 8 April 2022LaserBond Limited announced that the Directors have recommended the payment of an interim dividend of 0.6 cents per fully paid ordinary share (2020: 0.6 cents), fully franked based on tax paid at 25.0%. The aggregate amount of the proposed dividend expected to be paid on 8 April 2022 out of retained earnings at 31 December 2021, but not recognised as a liability, is $654,558.Ex Date is March 10, 2022. Record Date is March 11, 2022.お知らせ • Dec 16LaserBond Limited (ASX:LBL) agreed to acquire Assets Of QSP Engineering Pty Limited from QSP Engineering Pty Limited for AUD 9 million.LaserBond Limited (ASX:LBL) agreed to acquire Assets Of QSP Engineering Pty Limited from QSP Engineering Pty Limited for AUD 9 million on December 15, 2021. The deal is subject consummation of due diligence and expected to close in January 2022.分析記事 • Oct 29We Take A Look At Why LaserBond Limited's (ASX:LBL) CEO Has Earned Their Pay PacketThe performance at LaserBond Limited ( ASX:LBL ) has been quite strong recently and CEO Wayne Hooper has played a role...分析記事 • Oct 26An Intrinsic Calculation For LaserBond Limited (ASX:LBL) Suggests It's 37% UndervaluedDoes the October share price for LaserBond Limited ( ASX:LBL ) reflect what it's really worth? Today, we will estimate...分析記事 • Sep 24The Return Trends At LaserBond (ASX:LBL) Look PromisingDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...Price Target Changed • Aug 31Price target increased to AU$1.04Up from AU$0.81, the current price target is an average from 2 analysts. New target price is 31% above last closing price of AU$0.80. Stock is up 62% over the past year.Reported Earnings • Aug 24Full year 2021 earnings released: EPS AU$0.03 (vs AU$0.029 in FY 2020)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: AU$24.7m (up 11% from FY 2020). Net income: AU$2.84m (up 1.2% from FY 2020). Profit margin: 12% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improved over the past weekAfter last week's 17% share price gain to AU$1.02, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 24x in the Machinery industry in Oceania. Total returns to shareholders of 635% over the past three years.分析記事 • May 30Returns At LaserBond (ASX:LBL) Are On The Way UpWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...お知らせ • May 29Laserbond Limited Provides Revenue Guidance for the Fiscal Year 2021LaserBond Limited provided revenue guidance for the fiscal year 2021. For the year, the company expects to achieve between 10% to 12% revenue growth for fiscal year 2021 over the previous year.Is New 90 Day High Low • Feb 25New 90-day low: AU$0.55The company is down 21% from its price of AU$0.69 on 27 November 2020. The Australian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.44 per share.Reported Earnings • Feb 23First half 2021 earnings released: EPS AU$0.012 (vs AU$0.012 in 1H 2020)The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: AU$11.8m (up 4.8% from 1H 2020). Net income: AU$1.19m (up 2.8% from 1H 2020). Profit margin: 10% (in line with 1H 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth.Analyst Estimate Surprise Post Earnings • Feb 23Revenue and earnings miss expectationsRevenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 42%. Over the next year, revenue is forecast to grow 56%, compared to a 731% growth forecast for the Machinery industry in Australia.分析記事 • Feb 09What Can The Trends At LaserBond (ASX:LBL) Tell Us About Their Returns?If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...分析記事 • Jan 25A Look At LaserBond's (ASX:LBL) CEO RemunerationThe CEO of LaserBond Limited ( ASX:LBL ) is Wayne Hooper, and this article examines the executive's compensation...Is New 90 Day High Low • Jan 25New 90-day low: AU$0.57The company is down 19% from its price of AU$0.71 on 27 October 2020. The Australian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$1.06 per share.分析記事 • Jan 10Could The Market Be Wrong About LaserBond Limited (ASX:LBL) Given Its Attractive Financial Prospects?LaserBond (ASX:LBL) has had a rough three months with its share price down 11%. However, stock prices are usually...分析記事 • Dec 24Is There An Opportunity With LaserBond Limited's (ASX:LBL) 41% Undervaluation?In this article we are going to estimate the intrinsic value of LaserBond Limited ( ASX:LBL ) by taking the expected...分析記事 • Dec 06How Much Are LaserBond Limited (ASX:LBL) Insiders Taking Off The Table?We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...Is New 90 Day High Low • Nov 18New 90-day high: AU$0.79The company is up 60% from its price of AU$0.49 on 20 August 2020. The Australian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 38% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.91 per share.分析記事 • Nov 17LaserBond (ASX:LBL) Has Rewarded Shareholders With An Exceptional 792% Total Return On Their InvestmentLong term investing can be life changing when you buy and hold the truly great businesses. While not every stock...Is New 90 Day High Low • Oct 09New 90-day high: AU$0.65The company is up 37% from its price of AU$0.47 on 10 July 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.50 per share.お知らせ • Jun 17Laserbond Limited Provides Revenue Guidance for the Year of 2020Laserbond Limited provided revenue guidance for the year of 2020. While 2020 revenue from the core Products and Services divisions is expected to increase by 8 to 8.5% over 2019, as opposed to the double digit revenue target previously announced, sales in the Technology division and the acceleration of growth in international product sales have been impacted by Covid-19 international travel restrictions. Further more delays in receiving significant Products Division orders, which doubled in late May, means that revenue will not be recognised until 1H21. As a result, the company now expects reported revenue to be 2 to 2.5% less than 2019 revenue.株主還元LBLAU MachineryAU 市場7D-8.8%-0.7%-0.6%1Y2.0%-12.6%0.04%株主還元を見る業界別リターン: LBL過去 1 年間で-12.6 % の収益を上げたAustralian Machinery業界を上回りました。リターン対市場: LBL過去 1 年間で0 % の収益を上げたAustralian市場を上回りました。価格変動Is LBL's price volatile compared to industry and market?LBL volatilityLBL Average Weekly Movement5.7%Machinery Industry Average Movement11.1%Market Average Movement9.8%10% most volatile stocks in AU Market16.8%10% least volatile stocks in AU Market3.9%安定した株価: LBL 、 Australian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: LBLの 週次ボラティリティ ( 6% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1992160Rob Freemanwww.laserbond.com表面処理エンジニアリング企業であるLaserBond Limitedは、オーストラリアにおいて、資本集約型機械部品の稼働性能と耐摩耗寿命を向上させるための材料、技術、および手法の開発・応用に取り組んでいます。同社は、「製品」、「サービス」、「技術」、「研究開発」の各セグメントを通じて事業を展開しています。 同社は、複合超硬合金製製鉄用ロールを提供している。また、レーザークラッディング、溶射、溶接、機械加工、熱処理、再製造のほか、冶金実験室および表面コーティングも提供している。さらに、同社は表面工学技術のライセンス供与も行っている。 同社のサービス対象分野は、テクノロジー、産業、鉱業、農業、鉱物加工、発電、輸送・海洋、プラント・機械、製造、流体処理業界である。さらに、バークブロワーフィーダーも提供している。同社は1992年に設立され、オーストラリアのシドニーに本社を置いている。もっと見るLaserBond Limited 基礎のまとめLaserBond の収益と売上を時価総額と比較するとどうか。LBL 基礎統計学時価総額AU$61.66m収益（TTM）AU$4.91m売上高(TTM)AU$48.17m12.6xPER（株価収益率1.3xP/SレシオLBL は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計LBL 損益計算書（TTM）収益AU$48.17m売上原価AU$23.57m売上総利益AU$24.60mその他の費用AU$19.69m収益AU$4.91m直近の収益報告Jun 30, 2026次回決算日該当なし一株当たり利益（EPS）0.041グロス・マージン51.06%純利益率10.19%有利子負債／自己資本比率24.1%LBL の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.3%現在の配当利回り9%配当性向LBL 配当は確実ですか？LBL 配当履歴とベンチマークを見るLBL 、いつまでに購入すれば配当金を受け取れますか？LaserBond 配当日配当落ち日Sep 03 2026配当支払日Sep 25 2026配当落ちまでの日数11 days配当支払日までの日数33 daysLBL 配当は確実ですか？LBL 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/22 22:51終値2026/08/21 00:00収益2026/06/30年間収益2026/06/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋LaserBond Limited 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Conor O’PreyCanaccord GenuityCaleb WengPAC Partners Securities Pty. Ltd.Stephen ScottTaylor Collison Limited
Declared Dividend • 3hFinal dividend of AU$0.008 announcedShareholders will receive a dividend of AU$0.008. Ex-date: 3rd September 2026 Payment date: 25th September 2026 Dividend yield will be 3.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (9% earnings payout ratio) and cash flows (75% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 21Full year 2026 earnings released: EPS: AU$0.042 (vs AU$0.033 in FY 2025)Full year 2026 results: EPS: AU$0.042 (up from AU$0.033 in FY 2025). Revenue: AU$48.2m (up 11% from FY 2025). Net income: AU$4.91m (up 28% from FY 2025). Profit margin: 10% (up from 8.8% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 59% growth forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
お知らせ • Aug 05LaserBond Limited to Report Fiscal Year 2026 Results on Aug 20, 2026LaserBond Limited announced that they will report fiscal year 2026 results at 10:00 AM, AUS Eastern Standard Time on Aug 20, 2026
Price Target Changed • Feb 24Price target increased by 13% to AU$0.85Up from AU$0.75, the current price target is an average from 2 analysts. New target price is 40% above last closing price of AU$0.60. Stock is up 34% over the past year. The company posted earnings per share of AU$0.033 last year.
Declared Dividend • Feb 23First half dividend of AU$0.008 announcedShareholders will receive a dividend of AU$0.008. Ex-date: 5th March 2026 Payment date: 27th March 2026 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 21First half 2026 earnings released: EPS: AU$0.019 (vs AU$0.009 in 1H 2025)First half 2026 results: EPS: AU$0.019 (up from AU$0.009 in 1H 2025). Revenue: AU$23.0m (up 13% from 1H 2025). Net income: AU$2.22m (up 117% from 1H 2025). Profit margin: 9.6% (up from 5.0% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 52% growth forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.
Declared Dividend • 3hFinal dividend of AU$0.008 announcedShareholders will receive a dividend of AU$0.008. Ex-date: 3rd September 2026 Payment date: 25th September 2026 Dividend yield will be 3.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (9% earnings payout ratio) and cash flows (75% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 21Full year 2026 earnings released: EPS: AU$0.042 (vs AU$0.033 in FY 2025)Full year 2026 results: EPS: AU$0.042 (up from AU$0.033 in FY 2025). Revenue: AU$48.2m (up 11% from FY 2025). Net income: AU$4.91m (up 28% from FY 2025). Profit margin: 10% (up from 8.8% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 59% growth forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
お知らせ • Aug 05LaserBond Limited to Report Fiscal Year 2026 Results on Aug 20, 2026LaserBond Limited announced that they will report fiscal year 2026 results at 10:00 AM, AUS Eastern Standard Time on Aug 20, 2026
Price Target Changed • Feb 24Price target increased by 13% to AU$0.85Up from AU$0.75, the current price target is an average from 2 analysts. New target price is 40% above last closing price of AU$0.60. Stock is up 34% over the past year. The company posted earnings per share of AU$0.033 last year.
Declared Dividend • Feb 23First half dividend of AU$0.008 announcedShareholders will receive a dividend of AU$0.008. Ex-date: 5th March 2026 Payment date: 27th March 2026 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 21First half 2026 earnings released: EPS: AU$0.019 (vs AU$0.009 in 1H 2025)First half 2026 results: EPS: AU$0.019 (up from AU$0.009 in 1H 2025). Revenue: AU$23.0m (up 13% from 1H 2025). Net income: AU$2.22m (up 117% from 1H 2025). Profit margin: 9.6% (up from 5.0% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 52% growth forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.
お知らせ • Feb 17LaserBond Limited to Report First Half, 2026 Results on Feb 20, 2026LaserBond Limited announced that they will report first half, 2026 results on Feb 20, 2026
Board Change • Feb 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Dagmar Parsons was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Buy Or Sell Opportunity • Dec 30Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to AU$0.63. The fair value is estimated to be AU$0.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has declined by 8.8%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 34% per annum over the same time period.
分析記事 • Dec 12What LaserBond Limited's (ASX:LBL) 26% Share Price Gain Is Not Telling YouLaserBond Limited ( ASX:LBL ) shareholders have had their patience rewarded with a 26% share price jump in the last...
Buy Or Sell Opportunity • Nov 27Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to AU$0.61. The fair value is estimated to be AU$0.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has declined by 8.8%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 34% per annum over the same time period.
分析記事 • Oct 27Why Investors Shouldn't Be Surprised By LaserBond Limited's (ASX:LBL) Low P/EWhen close to half the companies in Australia have price-to-earnings ratios (or "P/E's") above 22x, you may consider...
お知らせ • Sep 26LaserBond Limited, Annual General Meeting, Nov 20, 2025LaserBond Limited, Annual General Meeting, Nov 20, 2025. Location: at rydges campbelltown, bookman-rockwell meeting room, 15 old menangle road, campbelltown nsw 2560, Australia
Declared Dividend • Aug 25Final dividend of AU$0.008 announcedShareholders will receive a dividend of AU$0.008. Ex-date: 4th September 2025 Payment date: 26th September 2025 Dividend yield will be 2.3%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 22Full year 2025 earnings released: EPS: AU$0.033 (vs AU$0.031 in FY 2024)Full year 2025 results: EPS: AU$0.033 (up from AU$0.031 in FY 2024). Revenue: AU$43.5m (up 3.6% from FY 2024). Net income: AU$3.84m (up 9.1% from FY 2024). Profit margin: 8.8% (up from 8.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.
分析記事 • Jul 22LaserBond Limited's (ASX:LBL) Shares Leap 26% Yet They're Still Not Telling The Full StoryLaserBond Limited ( ASX:LBL ) shareholders have had their patience rewarded with a 26% share price jump in the last...
分析記事 • May 07The Market Lifts LaserBond Limited (ASX:LBL) Shares 25% But It Can Do MoreThose holding LaserBond Limited ( ASX:LBL ) shares would be relieved that the share price has rebounded 25% in the last...
分析記事 • Apr 08LaserBond (ASX:LBL) Might Be Having Difficulty Using Its Capital EffectivelyTo find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...
Major Estimate Revision • Feb 27Consensus revenue estimates decrease by 14%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from AU$51.3m to AU$44.2m. EPS estimate unchanged from AU$0.051 per share at last update. Machinery industry in Australia expected to see average net income growth of 20% next year. Consensus price target down from AU$1.10 to AU$0.85. Share price fell 28% to AU$0.43 over the past week.
分析記事 • Feb 27Take Care Before Jumping Onto LaserBond Limited (ASX:LBL) Even Though It's 28% CheaperLaserBond Limited ( ASX:LBL ) shareholders that were waiting for something to happen have been dealt a blow with a 28...
Declared Dividend • Feb 24First half dividend of AU$0.004 announcedShareholders will receive a dividend of AU$0.004. Ex-date: 6th March 2025 Payment date: 28th March 2025 Dividend yield will be 2.6%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (48% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 163% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 24First half 2025 earnings released: EPS: AU$0.009 (vs AU$0.015 in 1H 2024)First half 2025 results: EPS: AU$0.009 (down from AU$0.015 in 1H 2024). Revenue: AU$20.3m (flat on 1H 2024). Net income: AU$1.04m (down 38% from 1H 2024). Profit margin: 5.1% (down from 8.3% in 1H 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.
Buy Or Sell Opportunity • Feb 21Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to AU$0.47. The fair value is estimated to be AU$0.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 7.2%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 35% per annum over the same time period.
分析記事 • Sep 30Investors Could Be Concerned With LaserBond's (ASX:LBL) Returns On CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
お知らせ • Sep 20LaserBond Limited, Annual General Meeting, Oct 23, 2024LaserBond Limited, Annual General Meeting, Oct 23, 2024. Location: rydges campbelltown, rockwell meeting room, 15 old menangle road, capmbelltown nsw 2560, Australia
Declared Dividend • Aug 27Final dividend of AU$0.008 announcedDividend of AU$0.008 is the same as last year. Ex-date: 5th September 2024 Payment date: 27th September 2024 Dividend yield will be 2.6%, which is lower than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time.
Price Target Changed • Aug 24Price target decreased by 12% to AU$1.10Down from AU$1.25, the current price target is provided by 1 analyst. New target price is 69% above last closing price of AU$0.65. Stock is down 24% over the past year. The company posted earnings per share of AU$0.031 last year.
Reported Earnings • Aug 23Full year 2024 earnings released: EPS: AU$0.031 (vs AU$0.043 in FY 2023)Full year 2024 results: EPS: AU$0.031 (down from AU$0.043 in FY 2023). Revenue: AU$42.0m (up 8.7% from FY 2023). Net income: AU$3.52m (down 26% from FY 2023). Profit margin: 8.4% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, while revenues in the Machinery industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
New Risk • Mar 06New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (6.0% increase in shares outstanding). Market cap is less than US$100m (AU$81.4m market cap, or US$53.0m).
Major Estimate Revision • Feb 29Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from AU$47.8m to AU$45.4m. EPS estimate also fell from AU$0.056 per share to AU$0.049 per share. Net income forecast to grow 77% next year vs 46% growth forecast for Machinery industry in Australia. Consensus price target up from AU$1.15 to AU$1.25. Share price fell 15% to AU$0.74 over the past week.
Price Target Changed • Feb 28Price target increased by 14% to AU$1.25Up from AU$1.10, the current price target is provided by 1 analyst. New target price is 72% above last closing price of AU$0.72. Stock is down 21% over the past year. The company is forecast to post earnings per share of AU$0.049 for next year compared to AU$0.043 last year.
Declared Dividend • Feb 25First half dividend of AU$0.008 announcedDividend of AU$0.008 is the same as last year. Ex-date: 6th March 2024 Payment date: 28th March 2024 Dividend yield will be 2.1%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 100% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Sep 08LaserBond Limited, Annual General Meeting, Oct 19, 2023LaserBond Limited, Annual General Meeting, Oct 19, 2023, at 10:00 AUS Eastern Standard Time. Location: Campbelltown Catholic Club Quondong Room 20-22 Camden Road CAMPBELLTOWN NSW 2560 Campbell Town New South Wales Australia Agenda: To consider the annual financial report of the Company for the financial year ended 30 June 2023 together with the declaration of Directors, the Directors' report the remuneration report and the auditor's report; to discuss the adoption of the remuneration report; to discuss re-election as a executive Director Mr Matthew Twist; to re-election as a non-executive Director Ms Dagmar Parsons; and to discuss approval of an additional placement capacity to issue securities equivalent to an additional.
Reported Earnings • Aug 25Full year 2023 earnings released: EPS: AU$0.043 (vs AU$0.033 in FY 2022)Full year 2023 results: EPS: AU$0.043 (up from AU$0.033 in FY 2022). Revenue: AU$38.6m (up 26% from FY 2022). Net income: AU$4.76m (up 31% from FY 2022). Profit margin: 12% (in line with FY 2022). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 33% decline forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 24LaserBond Limited Declares Ordinary Franked Dividend for the Six Months Ended June 30, 2023, Payable on October 6, 2023LaserBond Limited declared ordinary franked dividend of AUD 0.00800000 per share for the six months ended June 30, 2023. Ex-date is September 7, 2023. Record date is September 8, 2023. Payment date is October 6, 2023.
分析記事 • Jun 07Calculating The Fair Value Of LaserBond Limited (ASX:LBL)Key Insights The projected fair value for LaserBond is AU$0.60 based on 2 Stage Free Cash Flow to Equity With AU$0.70...
Reported Earnings • Feb 25First half 2023 earnings released: EPS: AU$0.018 (vs AU$0.016 in 1H 2022)First half 2023 results: EPS: AU$0.018 (up from AU$0.016 in 1H 2022). Revenue: AU$18.7m (up 39% from 1H 2022). Net income: AU$2.00m (up 31% from 1H 2022). Profit margin: 11% (in line with 1H 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jan 30LaserBond Limited Appoints Dagmar Parsons to the Board as A Non-Executive Director, Effective 30 January 2023LaserBond Limited announced the appointment of Mr. Dagmar Parsons to the board as a non-executive director, effective 30 January 2023. Mr. Parsons has worked with major national and multinational entities in senior executive and non-executive director positions, driving critical market success by providing strategic direction, visionary leadership and innovative thinking. She has considerable experience in transforming and growing complex business across diverse corporate, operational and entrepreneurial roles in Australia, Asia and Europe. Mr. Parsons is the non-executive chair of Advanced Braking Technology Ltd., managing director of Rail Safety Systems Pty Ltd. and serves as non-executive director of Transport Safety Systems Group Ltd. She is a graduate member of the Australian Institute of Company Directors.
Price Target Changed • Nov 16Price target decreased to AU$1.10Down from AU$1.35, the current price target is provided by 1 analyst. New target price is 29% above last closing price of AU$0.85. Stock is down 12% over the past year. The company is forecast to post earnings per share of AU$0.053 for next year compared to AU$0.035 last year.
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Ian Neal was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Sep 19LaserBond Limited, Annual General Meeting, Oct 20, 2022LaserBond Limited, Annual General Meeting, Oct 20, 2022, at 10:01 E. Australia Standard Time. Location: Rydges Campbelltown, Bookman & Rockwell Room 15 Old Menangle Road Campbelltown New South Wales Australia Agenda: To receive and consider the annual financial report of the company for the financial year ended 30 June 2022 together with the declaration of Directors, the Directors' report, the remuneration report and the auditor's report; to consider adoption of remuneration report; to consider re-election of executive director.
Major Estimate Revision • Sep 01Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 revenue forecast increased from AU$42.7m to AU$44.5m. EPS estimate fell from AU$0.06 to AU$0.05 per share. Net income forecast to grow 60% next year vs 59% growth forecast for Machinery industry in Australia. Consensus price target of AU$1.10 unchanged from last update. Share price rose 8.9% to AU$0.92 over the past week.
分析記事 • Aug 28Investors Met With Slowing Returns on Capital At LaserBond (ASX:LBL)Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
Reported Earnings • Aug 26Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: AU$0.035 (up from AU$0.03 in FY 2021). Revenue: AU$30.7m (up 25% from FY 2021). Net income: AU$3.63m (up 28% from FY 2021). Profit margin: 12% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 39%, compared to a 176% growth forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 25LaserBond Limited Declares Dividend for the Period for Six Months Ended June 30, 2022, Payable on October 07, 2022LaserBond Limited declared dividend for the period for six months ended June 30, 2022 of AUD 0.00800000, payable on October 07, 2022. Record Date is September 09, 2022 and Ex Date is September 08, 2022.
Major Estimate Revision • Jun 01Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from AU$35.0m to AU$32.2m. EPS estimate also fell from AU$0.05 per share to AU$0.04 per share. Net income forecast to grow 68% next year vs 14% growth forecast for Machinery industry in Australia. Consensus price target down from AU$1.35 to AU$1.10. Share price fell 6.0% to AU$0.79 over the past week.
お知らせ • May 28LaserBond Limited Provides Revenue Guidance for the Fiscal Year 2022LaserBond Limited provided revenue guidance for the fiscal year 2022. The company announced revenue expectations of approximately $35 million for fiscal year 2022. However, due to supply chain delays, the company expects to recognize revenue of between $30 million and $31 million representing growth of 22% to 26% over fiscal year 2021.
お知らせ • May 09LaserBond Limited Appoints Ian Neal to the Board as Non-Executive DirectorLaserBond Limited announced the appointment of Mr. Ian Neal to the Board as a non-executive director, effective from May 8, 2022. Mr. Neal is a Chair for the Executive Connection and consults on business strategy and implementation from a perspective of maximising shareholder value. He was co-founder and managing director of Nanyang Ventures Pty Limited from 1993 to 2004. His professional background is in financial markets, commencing as an equities analyst and moving to various banking positions until establishing Nanyang Ventures. He is a life member of the Financial Services Institute of Australia, a previous National President of The Securities Institute ofAustralia and was a member of the first Corporate Governance Council which established the Corporate Governance Guidelines. LaserBond welcomes Mr. Neal's appointment as an important step in the growth strategies and hope to expand the Board with an additional non-executive director in the near future to both complement Mr. Neal's experience and provide more value to the Board.
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. CFO, Company Secretary & Executive Director Matthew Twist was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 08LaserBond Limited Announces Dividend for the Period Ended March 31, 2022, Payable on April 8, 2022LaserBond Limited announced a dividend of AUD 0.00600000 per unit for the period ended March 31, 2022. The record date is on March 11, 2022, and the ex-date is on March 10, 2022. The dividend is payable on April 8, 2022.
Reported Earnings • Feb 24First half 2022 earnings: EPS and revenues miss analyst expectationsFirst half 2022 results: EPS: AU$0.016 (up from AU$0.012 in 1H 2021). Revenue: AU$13.4m (up 13% from 1H 2021). Net income: AU$1.52m (up 28% from 1H 2021). Profit margin: 11% (up from 10% in 1H 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 5.6%. Over the next year, revenue is forecast to grow 48%, compared to a 63% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 24Laserbond Limited Declares Fully Franked Interim Dividend for Half-Year Ended 31St December 2021, Payable on 8 April 2022LaserBond Limited announced that the Directors have recommended the payment of an interim dividend of 0.6 cents per fully paid ordinary share (2020: 0.6 cents), fully franked based on tax paid at 25.0%. The aggregate amount of the proposed dividend expected to be paid on 8 April 2022 out of retained earnings at 31 December 2021, but not recognised as a liability, is $654,558.Ex Date is March 10, 2022. Record Date is March 11, 2022.
お知らせ • Dec 16LaserBond Limited (ASX:LBL) agreed to acquire Assets Of QSP Engineering Pty Limited from QSP Engineering Pty Limited for AUD 9 million.LaserBond Limited (ASX:LBL) agreed to acquire Assets Of QSP Engineering Pty Limited from QSP Engineering Pty Limited for AUD 9 million on December 15, 2021. The deal is subject consummation of due diligence and expected to close in January 2022.
分析記事 • Oct 29We Take A Look At Why LaserBond Limited's (ASX:LBL) CEO Has Earned Their Pay PacketThe performance at LaserBond Limited ( ASX:LBL ) has been quite strong recently and CEO Wayne Hooper has played a role...
分析記事 • Oct 26An Intrinsic Calculation For LaserBond Limited (ASX:LBL) Suggests It's 37% UndervaluedDoes the October share price for LaserBond Limited ( ASX:LBL ) reflect what it's really worth? Today, we will estimate...
分析記事 • Sep 24The Return Trends At LaserBond (ASX:LBL) Look PromisingDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...
Price Target Changed • Aug 31Price target increased to AU$1.04Up from AU$0.81, the current price target is an average from 2 analysts. New target price is 31% above last closing price of AU$0.80. Stock is up 62% over the past year.
Reported Earnings • Aug 24Full year 2021 earnings released: EPS AU$0.03 (vs AU$0.029 in FY 2020)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: AU$24.7m (up 11% from FY 2020). Net income: AU$2.84m (up 1.2% from FY 2020). Profit margin: 12% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improved over the past weekAfter last week's 17% share price gain to AU$1.02, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 24x in the Machinery industry in Oceania. Total returns to shareholders of 635% over the past three years.
分析記事 • May 30Returns At LaserBond (ASX:LBL) Are On The Way UpWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...
お知らせ • May 29Laserbond Limited Provides Revenue Guidance for the Fiscal Year 2021LaserBond Limited provided revenue guidance for the fiscal year 2021. For the year, the company expects to achieve between 10% to 12% revenue growth for fiscal year 2021 over the previous year.
Is New 90 Day High Low • Feb 25New 90-day low: AU$0.55The company is down 21% from its price of AU$0.69 on 27 November 2020. The Australian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.44 per share.
Reported Earnings • Feb 23First half 2021 earnings released: EPS AU$0.012 (vs AU$0.012 in 1H 2020)The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: AU$11.8m (up 4.8% from 1H 2020). Net income: AU$1.19m (up 2.8% from 1H 2020). Profit margin: 10% (in line with 1H 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth.
Analyst Estimate Surprise Post Earnings • Feb 23Revenue and earnings miss expectationsRevenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 42%. Over the next year, revenue is forecast to grow 56%, compared to a 731% growth forecast for the Machinery industry in Australia.
分析記事 • Feb 09What Can The Trends At LaserBond (ASX:LBL) Tell Us About Their Returns?If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...
分析記事 • Jan 25A Look At LaserBond's (ASX:LBL) CEO RemunerationThe CEO of LaserBond Limited ( ASX:LBL ) is Wayne Hooper, and this article examines the executive's compensation...
Is New 90 Day High Low • Jan 25New 90-day low: AU$0.57The company is down 19% from its price of AU$0.71 on 27 October 2020. The Australian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$1.06 per share.
分析記事 • Jan 10Could The Market Be Wrong About LaserBond Limited (ASX:LBL) Given Its Attractive Financial Prospects?LaserBond (ASX:LBL) has had a rough three months with its share price down 11%. However, stock prices are usually...
分析記事 • Dec 24Is There An Opportunity With LaserBond Limited's (ASX:LBL) 41% Undervaluation?In this article we are going to estimate the intrinsic value of LaserBond Limited ( ASX:LBL ) by taking the expected...
分析記事 • Dec 06How Much Are LaserBond Limited (ASX:LBL) Insiders Taking Off The Table?We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...
Is New 90 Day High Low • Nov 18New 90-day high: AU$0.79The company is up 60% from its price of AU$0.49 on 20 August 2020. The Australian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 38% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.91 per share.
分析記事 • Nov 17LaserBond (ASX:LBL) Has Rewarded Shareholders With An Exceptional 792% Total Return On Their InvestmentLong term investing can be life changing when you buy and hold the truly great businesses. While not every stock...
Is New 90 Day High Low • Oct 09New 90-day high: AU$0.65The company is up 37% from its price of AU$0.47 on 10 July 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.50 per share.
お知らせ • Jun 17Laserbond Limited Provides Revenue Guidance for the Year of 2020Laserbond Limited provided revenue guidance for the year of 2020. While 2020 revenue from the core Products and Services divisions is expected to increase by 8 to 8.5% over 2019, as opposed to the double digit revenue target previously announced, sales in the Technology division and the acceleration of growth in international product sales have been impacted by Covid-19 international travel restrictions. Further more delays in receiving significant Products Division orders, which doubled in late May, means that revenue will not be recognised until 1H21. As a result, the company now expects reported revenue to be 2 to 2.5% less than 2019 revenue.
