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
|Historical stock prices|
|Current Share Price||AU$0.23|
|52 Week High||AU$0.12|
|52 Week Low||AU$0.23|
|1 Month Change||60.71%|
|3 Month Change||60.71%|
|1 Year Change||45.16%|
|3 Year Change||-46.43%|
|5 Year Change||-44.44%|
|Change since IPO||-83.46%|
Recent News & Updates
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...
|MCE||AU Energy Services||AU Market|
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.
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
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
|MCE fundamental statistics|
Is MCE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MCE income statement (TTM)|
|Cost of Revenue||AU$20.45m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.27|
|Net Profit Margin||-158.50%|
How did MCE perform over the long term?See historical performance and comparison
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.
How is Matrix Composites & Engineering forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Matrix Composites & Engineering performed over the past 5 years?
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
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.
Experienced Board: MCE's board of directors are seasoned and experienced ( 10 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Matrix Composites & Engineering Ltd's employee growth, exchange listings and data sources
- 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
- Matrix Composites & Engineering Ltd
- 150 Quill Way
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/24 07:05|
|End of Day Share Price||2021/10/22 00:00|
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.