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MCE

Matrix Composites & EngineeringASX:MCE Stock Report

Market Cap

AU$23.0m

7D

-2.2%

1Y

45.2%

Updated

24 Oct, 2021

Data

Company Financials
MCE fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

MCE Overview

Matrix Composites & Engineering Ltd, together with its subsidiaries, designs, manufactures, sells, and engineers composite and material technology solutions to the oil and gas, civil and infrastructure, resources, defense, and transportation industries in Australia and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Matrix Composites & Engineering
Historical stock prices
Current Share PriceAU$0.23
52 Week HighAU$0.12
52 Week LowAU$0.23
Beta1.01
1 Month Change60.71%
3 Month Change60.71%
1 Year Change45.16%
3 Year Change-46.43%
5 Year Change-44.44%
Change since IPO-83.46%

Recent News & Updates

Feb 28
How Much Are Matrix Composites & Engineering Ltd (ASX:MCE) Insiders Spending On Buying Shares?

How Much Are Matrix Composites & Engineering Ltd (ASX:MCE) Insiders Spending On Buying Shares?

It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...

Shareholder Returns

MCEAU Energy ServicesAU Market
7D-2.2%6.7%0.6%
1Y45.2%4.7%21.3%

Return vs Industry: MCE exceeded the Australian Energy Services industry which returned 4.7% over the past year.

Return vs Market: MCE exceeded the Australian Market which returned 21.3% over the past year.

Price Volatility

Is MCE's price volatile compared to industry and market?
MCE volatility
MCE Beta1.01
Industry Beta1.95
Market Beta1

Stable Share Price: MCE is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: MCE's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1980n/aAaron Begleyhttps://www.matrixengineered.com

Matrix Composites & Engineering Ltd, together with its subsidiaries, designs, manufactures, sells, and engineers composite and material technology solutions to the oil and gas, civil and infrastructure, resources, defense, and transportation industries in Australia and internationally. It offers conventional riser buoyancy systems; Nautilus riser protection; Riser sealing mandrel; Matrix Longitudinal Groove System (LGS) VIV and Drag Reduction; and Matrix LGS VIV suppression, as well as buoyancy system testing services, such as hyperbaric, buoyancy verification tank, mechanical, laboratory, and material testing. The company also provides well construction products, such as Max-R, a range of low friction composite drilling and completions centralizers.

Matrix Composites & Engineering Fundamentals Summary

How do Matrix Composites & Engineering's earnings and revenue compare to its market cap?
MCE fundamental statistics
Market CapAU$23.02m
Earnings (TTM)-AU$27.92m
Revenue (TTM)AU$17.62m

1.3x

P/S Ratio

-0.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MCE income statement (TTM)
RevenueAU$17.62m
Cost of RevenueAU$20.45m
Gross Profit-AU$2.83m
ExpensesAU$25.10m
Earnings-AU$27.92m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.27
Gross Margin-16.05%
Net Profit Margin-158.50%
Debt/Equity Ratio0%

How did MCE perform over the long term?

See historical performance and comparison

Valuation

Is Matrix Composites & Engineering undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Matrix Composites & Engineering is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Matrix Composites & Engineering has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Future Growth

How is Matrix Composites & Engineering forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

40.1%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Matrix Composites & Engineering has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Matrix Composites & Engineering performed over the past 5 years?

-36.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MCE is currently unprofitable.

Growing Profit Margin: MCE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MCE is unprofitable, and losses have increased over the past 5 years at a rate of 36.9% per year.

Accelerating Growth: Unable to compare MCE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MCE is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (1.3%).


Return on Equity

High ROE: MCE's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is Matrix Composites & Engineering's financial position?


Financial Position Analysis

Short Term Liabilities: MCE has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: MCE has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: MCE is debt free.

Reducing Debt: MCE's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MCE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MCE has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 11% each year.


Dividend

What is Matrix Composites & Engineering current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MCE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MCE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MCE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MCE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MCE is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MCE's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

10.0yrs

Average board tenure


CEO

Aaron Begley

12.08yrs

Tenure

AU$568,647

Compensation

Mr. Aaron Paul Begley has been the Chief Executive Officer of Matrix Composites & Engineering Limited since September 2009 and also serves as its Managing Director. Mr. Begley had been Managing Director of...


CEO Compensation Analysis

Compensation vs Market: Aaron's total compensation ($USD424.87K) is above average for companies of similar size in the Australian market ($USD302.87K).

Compensation vs Earnings: Aaron's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: MCE's board of directors are seasoned and experienced ( 10 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MCE insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Matrix Composites & Engineering Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Matrix Composites & Engineering Ltd
  • Ticker: MCE
  • Exchange: ASX
  • Founded: 1980
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: AU$23.022m
  • Shares outstanding: 102.32m
  • Website: https://www.matrixengineered.com

Location

  • Matrix Composites & Engineering Ltd
  • 150 Quill Way
  • Henderson
  • Western Australia
  • 6166
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 07:05
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.