Recent Insider Transactions • Jul 09
MD & Executive Director recently bought AU$500k worth of stock On the 6th of July, Stephen Young bought around 56k shares on-market at roughly AU$8.99 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Stephen has been a buyer over the last 12 months, purchasing a net total of AU$1.9m worth in shares. Declared Dividend • Jun 06
Dividend of AU$0.10 announced Shareholders will receive a dividend of AU$0.10. Ex-date: 10th June 2026 Payment date: 25th June 2026 Dividend yield will be 2.7%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 55% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 04
Tasmea Limited Declares Fully Franked Special Dividend, Payable on 25 June 2026 Tasmea Limited announced the declaration of a fully franked special dividend of 10.0 cents per share, reflecting the Company's strong financial performance, financial position and Board confidence in its strategic direction. Ex-Dividend date is 10 June 2026. Record date is 11 June 2026. Payment Date is 25 June 2026. Live News • Jun 03
Tasmea Set to Acquire Maxim Group in A$254 Million Deal Targeting Growth Sectors Tasmea has agreed to acquire 100% of Maxim Group Australia for up to A$254 million, with completion targeted around July 2026, subject to ACCC approval.
The deal would significantly expand Tasmea's national presence and exposure to sectors such as data centres, battery energy storage, rail infrastructure, mining and electrification.
Maxim adds a project pipeline reported at more than A$1.3 billion, and Tasmea expects procurement scale and a broader market position to support approximately 31% pro forma EPS accretion in FY26.
The acquisition positions Tasmea as a larger specialist electrical contractor with a wider mix of infrastructure end markets, which could change the company’s risk and earnings profile once integrated.
Investors may want to watch ACCC approvals, the timing of settlement and how Tasmea manages integration and execution risk on Maxim’s A$1.3 billion-plus pipeline. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to AU$6.87, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 19x in the Construction industry in Australia. Total returns to shareholders of 155% over the past year. Simply Wall St's valuation model estimates the intrinsic value at AU$7.09 per share. Price Target Changed • May 04
Price target increased by 13% to AU$5.50 Up from AU$4.88, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of AU$5.47. Stock is up 105% over the past year. The company is forecast to post earnings per share of AU$0.27 for next year compared to AU$0.23 last year. Announcement • Apr 09
Tasmea Limited has filed a Follow-on Equity Offering in the amount of AUD 4.412793 million. Tasmea Limited has filed a Follow-on Equity Offering in the amount of AUD 4.412793 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,089,444
Price\Range: AUD 4.0505 Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to AU$4.75, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Construction industry in Australia. Total returns to shareholders of 109% over the past year. Simply Wall St's valuation model estimates the intrinsic value at AU$8.24 per share. Upcoming Dividend • Mar 04
Upcoming dividend of AU$0.06 per share Eligible shareholders must have bought the stock before 11 March 2026. Payment date: 10 April 2026. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Australian dividend payers (6.0%). In line with average of industry peers (3.1%). Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to AU$4.18, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Construction industry in Australia. Total returns to shareholders of 64% over the past year. Simply Wall St's valuation model estimates the intrinsic value at AU$8.19 per share. Recent Insider Transactions • Mar 02
MD & Executive Director recently bought AU$422k worth of stock On the 26th of February, Stephen Young bought around 120k shares on-market at roughly AU$3.51 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Stephen has been a buyer over the last 12 months, purchasing a net total of AU$1.5m worth in shares. Major Estimate Revision • Mar 02
Consensus revenue estimates increase by 34%, EPS downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from AU$964.1m to AU$1.29b. EPS estimate fell from AU$0.29 to AU$0.274. Net income forecast to grow 65% next year vs 30% growth forecast for Construction industry in Australia. Consensus price target down from AU$5.05 to AU$4.87. Share price was steady at AU$3.88 over the past week. Announcement • Feb 25
Tasmea Limited Announces Ordinary Fully Franked Interim Dividend for the Six Months Ended December 31, 2025, Payable on April 10, 2026 Tasmea Limited announced ordinary fully Franked interim dividend of Amount per security AUD 0.06000000 for the six months ended December 31, 2025. Record date for determining entitlements to the final dividend 12 March 2026, Date the final dividend is payable is 10 April 2026. The last date for lodgement of election notices to participate in the Dividend Reinvestment Plan for the FY26 Interim Dividend on 13 March 2026. Ex Date: March 11, 2026. Reported Earnings • Feb 25
First half 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First half 2026 results: EPS: AU$0.089 (down from AU$0.12 in 1H 2025). Revenue: AU$400.5m (up 62% from 1H 2025). Net income: AU$22.3m (down 20% from 1H 2025). Profit margin: 5.6% (down from 11% in 1H 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Construction industry in Australia. Buy Or Sell Opportunity • Feb 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to AU$3.75. The fair value is estimated to be AU$4.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 28% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Announcement • Feb 20
Tasmea Limited to Report First Half, 2026 Results on Feb 24, 2026 Tasmea Limited announced that they will report first half, 2026 results on Feb 24, 2026 Buy Or Sell Opportunity • Feb 06
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to AU$3.69. The fair value is estimated to be AU$4.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 28% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Announcement • Dec 03
Tasmea Limited (ASX:TEA) completed the acquisition of WorkPac Pty Ltd. Tasmea Limited (ASX:TEA) agreed to acquire WorkPac Pty Ltd for AUD 60.7 million on November 19, 2025. A cash consideration of AUD 22.7 million will be paid by Tasmea Limited. The consideration consists of 5 million common equity of Tasmea Limited having a value of AUD 27.5 million to be issued for common equity of WorkPac Pty Ltd. Tasmea Limited will pay an earnout/contingent payment of AUD 10.5 million cash. As part of consideration, AUD 60.7 million is paid towards common equity of WorkPac Pty Ltd.
The expected completion of the transaction is December 1, 2025.
Tasmea Limited (ASX:TEA) completed the acquisition of WorkPac Pty Ltd on December 1, 2025. Share consideration has been issued, including AUD 27.5 million equity consideration through the issue of 5 million shares at AUD 5.50 per share, a premium to the current share price. Cash consideration has settled, including the initial upfront completion cash payment of approximately AUD20.2 million. The two annual earn-out cash consideration components of AUD 5.25 million will be payable only if WorkPac delivers EBIT of AUD 18.0 million per annum under Tasmea’s ownership, reducing and ultimately eliminating if EBIT falls below AUD 14.5 million. Based on this and the upfront capital of approximately AUD 40 million, the acquisition represents an implied return on capital of circa 45% from day one. Announcement • Dec 01
Tasmea Limited has completed a Follow-on Equity Offering in the amount of AUD 27.5 million. Tasmea Limited has completed a Follow-on Equity Offering in the amount of AUD 27.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,000,000
Price\Range: AUD 5.5
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Nov 25
MD & Executive Director recently bought AU$1m worth of stock On the 21st of November, Stephen Young bought around 222k shares on-market at roughly AU$4.50 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Stephen has been a buyer over the last 12 months, purchasing a net total of AU$1.3m worth in shares. Major Estimate Revision • Nov 22
Consensus revenue estimates increase by 45% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$717.3m to AU$1.04b. EPS estimate increased from AU$0.289 to AU$0.295 per share. Net income forecast to grow 41% next year vs 26% growth forecast for Construction industry in Australia. Consensus price target up from AU$4.73 to AU$5.05. Share price fell 14% to AU$4.50 over the past week. Announcement • Nov 20
Tasmea Limited (ASX:TEA) agreed to acquire WorkPac Pty Ltd for AUD 60.7 million. Tasmea Limited (ASX:TEA) agreed to acquire WorkPac Pty Ltd for AUD 60.7 million on November 19, 2025. A cash consideration of AUD 22.7 million will be paid by Tasmea Limited. The consideration consists of 5 million common equity of Tasmea Limited having a value of AUD 27.5 million to be issued for common equity of WorkPac Pty Ltd. Tasmea Limited will pay an earnout/contingent payment of AUD 10.5 million cash. As part of consideration, AUD 60.7 million is paid towards common equity of WorkPac Pty Ltd.
The expected completion of the transaction is December 1, 2025. Announcement • Nov 19
Tasmea Limited has filed a Follow-on Equity Offering in the amount of AUD 27.5 million. Tasmea Limited has filed a Follow-on Equity Offering in the amount of AUD 27.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,000,000
Price\Range: AUD 5.5
Transaction Features: Subsequent Direct Listing Announcement • Oct 21
Tasmea Limited, Annual General Meeting, Nov 19, 2025 Tasmea Limited, Annual General Meeting, Nov 19, 2025. Location: at the offices of tasmea limited, level 2, 170 fullarton road, dulwich, south australia, Australia Upcoming Dividend • Sep 23
Upcoming dividend of AU$0.06 per share Eligible shareholders must have bought the stock before 30 September 2025. Payment date: 05 November 2025. Payout ratio is a comfortable 47% and the cash payout ratio is 97%. Trailing yield: 2.5%. Lower than top quartile of Australian dividend payers (5.5%). Lower than average of industry peers (3.2%). Announcement • Sep 08
Tasmea Limited has completed a Follow-on Equity Offering in the amount of AUD 43 million. Tasmea Limited has completed a Follow-on Equity Offering in the amount of AUD 43 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 4.3
Discount Per Security: AUD 0.129
Transaction Features: Subsequent Direct Listing Declared Dividend • Aug 27
Dividend of AU$0.06 announced Shareholders will receive a dividend of AU$0.06. Ex-date: 30th September 2025 Payment date: 5th November 2025 Dividend yield will be 5.6%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not adequately covered by cash flows (93% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Aug 26
Price target increased by 8.0% to AU$4.75 Up from AU$4.40, the current price target is an average from 3 analysts. New target price is 15% above last closing price of AU$4.14. Stock is up 135% over the past year. The company is forecast to post earnings per share of AU$0.29 for next year compared to AU$0.23 last year. Reported Earnings • Aug 26
Full year 2025 earnings: EPS in line with analyst expectations despite revenue beat Full year 2025 results: EPS: AU$0.23 (up from AU$0.15 in FY 2024). Revenue: AU$547.9m (up 37% from FY 2024). Net income: AU$53.1m (up 75% from FY 2024). Profit margin: 9.7% (up from 7.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Construction industry in Australia. Buy Or Sell Opportunity • Aug 25
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 49% to AU$4.34. The fair value is estimated to be AU$3.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Announcement • Aug 19
Tasmea Limited to Report Fiscal Year 2025 Results on Aug 25, 2025 Tasmea Limited announced that they will report fiscal year 2025 results on Aug 25, 2025 Announcement • Jul 30
Tasmea Limited (ASX:TEA) completed the acquisition of Vertex Power & Process Pty Ltd and VTX Group Services Pty Ltd. Tasmea Limited (ASX:TEA) executed Share Purchase Agreement to acquire Vertex Power & Process Pty Ltd and VTX Group Services Pty Ltd for AUD 8.6 million on June 2, 2025. A cash consideration of AUD 6.5 million will be paid by Tasmea Limited. The consideration consists of 0.71 million common equity of Tasmea Limited to be issued for common equity of Vertex Power & Process Pty Ltd/VTX Group Services Pty Ltd. Tasmea Limited will pay an earnout payment of AUD 2.75 million for the financial years FY26, FY27, and FY28, subject to Vertex Group achieving agreed EBIT targets in each year. The acquisition will be funded through a combination of cash reserves, existing finance facilities, the issue of Tasmea scrip, and deferred earn out payments, which are expected to be funded from future cash flows generated by the Vertex Group. Both Dave Parker and Brent Carthew, the founders of the Vertex Group, will remain in leadership roles post-acquisition, ensuring continuity of service and culture.
The transaction is expected to complete in mid-to-late July 2025.
Tasmea Limited (ASX:TEA) completed the acquisition of Vertex Power & Process Pty Ltd and VTX Group Services Pty Ltd on July 30, 2025. Price Target Changed • Jun 25
Price target increased by 22% to AU$3.95 Up from AU$3.25, the current price target is an average from 2 analysts. New target price is 5.6% above last closing price of AU$3.74. Stock is up 149% over the past year. The company is forecast to post earnings per share of AU$0.23 for next year compared to AU$0.15 last year. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to AU$3.74, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Construction industry in Australia. Total returns to shareholders of 170% over the past year. Simply Wall St's valuation model estimates the intrinsic value at AU$6.04 per share. Upcoming Dividend • Apr 22
Upcoming dividend of AU$0.05 per share Eligible shareholders must have bought the stock before 29 April 2025. Payment date: 15 May 2025. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Lower than top quartile of Australian dividend payers (6.7%). In line with average of industry peers (4.2%). Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to AU$2.64, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Construction industry in Australia. Announcement • Apr 04
Tasmea Limited (ASX:TEA) agreed to acquire Flanco Pty Ltd and Flanco Kalgoorlie Pty Ltd for AUD 48.77 million. Tasmea Limited (ASX:TEA) agreed to acquire Flanco Pty Ltd and Flanco Kalgoorlie Pty Ltd for AUD 48.77 million on April 3, 2025. A cash consideration of AUD 21 million will be paid by Tasmea Limited. The consideration consists of 1.71 million common equity of Tasmea Limited having a value of AUD 6 million to be issued for assets of Flanco Pty Ltd and Flanco Kalgoorlie Pty Ltd. Tasmea Limited will pay an earnout/contingent payment of AUD 23.4 million cash. As part of consideration, AUD 50.4 million is paid towards assets of Flanco Pty Ltd and Flanco Kalgoorlie Pty Ltd. The transaction will be financed through senior debt of AUD 24 million and equity investment of AUD 23.4 million.
The expected completion of the transaction is May 1, 2025 to May 10, 2025. The acquisition is expected to deliver more than the acquisition base of maintainable EBIT of A$10.2 million under Tasmea's ownership. The vendors have an opportunity to earn a total consideration of approximately A$50 million, subject to achieving an earn-out overperformance EBIT of A$16.2 million per annum for four consecutive years under Tasmea's ownership. Recent Insider Transactions • Mar 03
MD & Executive Director recently bought AU$250k worth of stock On the 27th of February, Stephen Young bought around 88k shares on-market at roughly AU$2.84 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Stephen has been a buyer over the last 12 months, purchasing a net total of AU$610k worth in shares. New Risk • Feb 27
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 50% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (50% net debt to equity). Dividend is not well covered by cash flows (99% cash payout ratio). Announcement • Feb 05
Tasmea Limited Appoints Trent Northover as an Executive Director Tasmea Limited announced the appointment of Trent Northover as an Executive Director of Tasmea Limited from 3 February 2025. Mr. Northover joins Mark Vartuli, Jason Pryde and Stephen Young as a member of the Tasmea Executive Management Team and the Tasmea Limited Board. Mr. Northover brings extensive experience from his recent role as Chief Operating Officer at Kaefer Integrated Services, where he also served as an Executive Board Member. His leadership and operational expertise will be instrumental in supporting Tasmea's organic growth strategies. Board Change • Jan 09
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Chairman Joe Totaro was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 18
Tasmea Limited, Annual General Meeting, Nov 20, 2024 Tasmea Limited, Annual General Meeting, Nov 20, 2024. Upcoming Dividend • Sep 20
Upcoming dividend of AU$0.04 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 17 October 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Australian dividend payers (6.0%). In line with average of industry peers (3.7%). Major Estimate Revision • Aug 29
Consensus revenue estimates increase by 16% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from AU$435.1m to AU$504.9m. EPS estimate unchanged at AU$0.212. Net income forecast to grow 71% next year vs 26% growth forecast for Construction industry in Australia. Consensus price target up from AU$2.13 to AU$2.38. Share price rose 8.7% to AU$1.75 over the past week. Announcement • Aug 28
Tasmea Limited (ASX:TEA) agreed to acquire Future Engineering & Communication Pty Ltd for AUD 70 million. Tasmea Limited (ASX:TEA) agreed to acquire Future Engineering & Communication Pty Ltd for AUD 70 million on August 26, 2024. A cash consideration of AUD 52.5 million will be paid by Tasmea Limited. As part of consideration, AUD 70 million is paid towards common equity of Future Engineering & Communication Pty Ltd. The transaction will be financed through equity investment of AUD 52.5 million. Completion is expected to occur on or about 30 August 2024. Reported Earnings • Aug 27
Full year 2024 earnings released: EPS: AU$0.15 (vs AU$0.099 in FY 2023) Full year 2024 results: EPS: AU$0.15 (up from AU$0.099 in FY 2023). Revenue: AU$400.0m (up 25% from FY 2023). Net income: AU$30.4m (up 57% from FY 2023). Profit margin: 7.6% (up from 6.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Construction industry in Australia. Announcement • Jul 31
Tasmea Limited to Report Fiscal Year 2024 Results on Aug 26, 2024 Tasmea Limited announced that they will report fiscal year 2024 results on Aug 26, 2024 Recent Insider Transactions • May 08
Key Executive recently bought AU$286k worth of stock On the 3rd of May, Stephen Young bought around 177k shares on-market at roughly AU$1.62 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Stephen's only on-market trade for the last 12 months. Board Change • Apr 29
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Mike Terlet was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.