Matrix Composites & Engineering Future Growth

Future criteria checks 4/6

Matrix Composites & Engineering is forecast to grow earnings and revenue by 26.6% and 8.4% per annum respectively. EPS is expected to grow by 28.9% per annum. Return on equity is forecast to be 16.1% in 3 years.

Key information

26.6%

Earnings growth rate

28.9%

EPS growth rate

Energy Services earnings growth	16.2%
Revenue growth rate	8.4%
Future return on equity	16.1%
Analyst coverage	Low
Last updated	11 Nov 2024

Recent future growth updates

Recent updates

Shareholders Should Be Pleased With Matrix Composites & Engineering Ltd's (ASX:MCE) Price

Nov 05

Fewer Investors Than Expected Jumping On Matrix Composites & Engineering Ltd (ASX:MCE)

May 23

Matrix Composites & Engineering (ASX:MCE) Has Debt But No Earnings; Should You Worry?

Feb 29

Investors Still Aren't Entirely Convinced By Matrix Composites & Engineering Ltd's (ASX:MCE) Revenues Despite 26% Price Jump

Dec 15

Is Matrix Composites & Engineering (ASX:MCE) Using Debt Sensibly?

Oct 31

Calculating The Intrinsic Value Of Matrix Composites & Engineering Ltd (ASX:MCE)

Jun 21

Does Matrix Composites & Engineering (ASX:MCE) Have A Healthy Balance Sheet?

Mar 15

Matrix Composites & Engineering (ASX:MCE) Is In A Good Position To Deliver On Growth Plans

Nov 29

We Think Matrix Composites & Engineering (ASX:MCE) Needs To Drive Business Growth Carefully

Aug 16

Will Matrix Composites & Engineering (ASX:MCE) Spend Its Cash Wisely?

Apr 06

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

Feb 28

How Does Matrix Composites & Engineering's (ASX:MCE) CEO Pay Compare With Company Performance?

Jan 06

Earnings and Revenue Growth Forecasts

ASX:MCE - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	108	5	7	9	2
6/30/2026	102	4	7	12	2
6/30/2025	90	-1	4	7	2
6/30/2024	85	4	6	11	N/A
3/31/2024	74	-1	2	6	N/A
12/31/2023	62	-5	-3	1	N/A
9/30/2023	55	2	-7	-4	N/A
6/30/2023	47	9	-12	-9	N/A
3/31/2023	37	9	-9	-7	N/A
12/31/2022	27	9	-7	-5	N/A
9/30/2022	28	2	-6	-4	N/A
6/30/2022	29	-5	-6	-4	N/A
3/31/2022	26	-15	-6	-4	N/A
12/31/2021	23	-25	-6	-4	N/A
9/30/2021	20	-26	-7	-4	N/A
6/30/2021	18	-28	-7	-4	N/A
3/31/2021	15	-49	-5	-3	N/A
12/31/2020	13	-71	-4	-2	N/A
9/30/2020	20	-69	-6	-4	N/A
6/30/2020	27	-68	-8	-6	N/A
3/31/2020	38	-36	-9	-6	N/A
12/31/2019	49	-8	-11	-7	N/A
9/30/2019	44	-8	-9	-5	N/A
6/30/2019	38	-9	-7	-4	N/A
3/31/2019	29	-11	-7	-3	N/A
12/31/2018	19	-14	-8	-3	N/A
9/30/2018	19	-15	-8	-3	N/A
6/30/2018	20	-15	-9	-4	N/A
3/31/2018	21	-15	N/A	-1	N/A
12/31/2017	22	-14	N/A	3	N/A
9/30/2017	28	-17	N/A	7	N/A
6/30/2017	33	-20	N/A	11	N/A
3/31/2017	44	-18	N/A	11	N/A
12/31/2016	55	-16	N/A	11	N/A
9/30/2016	75	-9	N/A	7	N/A
6/30/2016	96	-2	N/A	3	N/A
3/31/2016	112	-1	N/A	-5	N/A
12/31/2015	129	1	N/A	-12	N/A
9/30/2015	137	2	N/A	-4	N/A
6/30/2015	144	4	N/A	4	N/A
3/31/2015	158	5	N/A	14	N/A
12/31/2014	172	6	N/A	24	N/A
9/30/2014	165	5	N/A	20	N/A
6/30/2014	159	3	N/A	16	N/A
3/31/2014	144	0	N/A	14	N/A
12/31/2013	129	-3	N/A	12	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MCE's forecast earnings growth (26.6% per year) is above the savings rate (2.6%).

Earnings vs Market: MCE's earnings (26.6% per year) are forecast to grow faster than the Australian market (12.6% per year).

High Growth Earnings: MCE's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MCE's revenue (8.4% per year) is forecast to grow faster than the Australian market (5.8% per year).

High Growth Revenue: MCE's revenue (8.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MCE's Return on Equity is forecast to be low in 3 years time (16.1%).

Matrix Composites & Engineering Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Consensus EPS estimates have been downgraded.

Price target increased by 31% to AU$0.42

Consensus EPS estimates increase by 80%

Matrix Composites & Engineering Ltd Provides Revenue Guidance for 2023

Matrix Composites & Engineering Ltd. Provides Revenue Guidance for the Fiscal Year 2023

Matrix Composites & Engineering Ltd Provides Revenue Guidance for the Fiscal Year 2022

Recent updates

Consensus EPS estimates have been downgraded.

Now 27% undervalued after recent price drop

Shareholders Should Be Pleased With Matrix Composites & Engineering Ltd's (ASX:MCE) Price

Matrix Composites & Engineering Ltd, Annual General Meeting, Nov 21, 2024

Now 22% overvalued after recent price rise

Full year 2024 earnings released: EPS: AU$0.017 (vs AU$0.052 in FY 2023)

Now 21% overvalued after recent price rise

Matrix Composites & Engineering Ltd to Report Fiscal Year 2024 Results on Aug 29, 2024

Fewer Investors Than Expected Jumping On Matrix Composites & Engineering Ltd (ASX:MCE)

Now 24% undervalued

Now 21% undervalued

Matrix Composites & Engineering (ASX:MCE) Has Debt But No Earnings; Should You Worry?

Price target increased by 31% to AU$0.42

Matrix Composites & Engineering Ltd to Report First Half, 2024 Results on Feb 23, 2024

Insufficient new directors

Investors Still Aren't Entirely Convinced By Matrix Composites & Engineering Ltd's (ASX:MCE) Revenues Despite 26% Price Jump

Consensus EPS estimates increase by 80%

Is Matrix Composites & Engineering (ASX:MCE) Using Debt Sensibly?

New major risk - Shareholder dilution

Matrix Composites & Engineering Ltd, Annual General Meeting, Nov 23, 2023

Matrix Composites & Engineering Ltd. Announces Executive Changes

Full year 2023 earnings released: EPS: AU$0.052 (vs AU$0.033 loss in FY 2022)

New minor risk - Financial data availability

Calculating The Intrinsic Value Of Matrix Composites & Engineering Ltd (ASX:MCE)

Now 22% undervalued after recent price drop

New major risk - Revenue and earnings growth

Does Matrix Composites & Engineering (ASX:MCE) Have A Healthy Balance Sheet?

Insider recently sold AU$1.4m worth of stock

First half 2023 earnings released: EPS: AU$0.069 (vs AU$0.037 loss in 1H 2022)

Matrix Composites & Engineering Ltd announced that it has received AUD 7.485 million in funding from Collins St Asset Management Pty Ltd

Matrix Composites & Engineering (ASX:MCE) Is In A Good Position To Deliver On Growth Plans

Matrix Composites & Engineering Ltd, Annual General Meeting, Nov 17, 2022

Matrix Composites & Engineering Ltd Provides Revenue Guidance for 2023

Full year 2022 earnings released: AU$0.033 loss per share (vs AU$0.27 loss in FY 2021)

We Think Matrix Composites & Engineering (ASX:MCE) Needs To Drive Business Growth Carefully

Will Matrix Composites & Engineering (ASX:MCE) Spend Its Cash Wisely?

First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Matrix Composites & Engineering Ltd. Provides Revenue Guidance for the Fiscal Year 2023

Full year 2021 earnings released: AU$0.27 loss per share (vs AU$0.65 loss in FY 2020)

Matrix Composites & Engineering Ltd Provides Revenue Guidance for the Fiscal Year 2022

Insider recently sold AU$103k worth of stock

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

Matrix Composites & Engineering Ltd to Report First Half, 2021 Results on Feb 26, 2021

Matrix Composites & Engineering Ltd Wins Development Contract from the WA Government

Matrix Composites & Engineering Ltd Secures A Contract with Newcrest Mining to Develop High-Tech Solution for Its Cadia Gold Mine in New South Wales

How Does Matrix Composites & Engineering's (ASX:MCE) CEO Pay Compare With Company Performance?

Matrix Composites and Engineering Ltd Appoints Chris Sutherland as Director

Matrix Signs 3 Year Technology Agreement with Woodside to Provide Engineering Services

Full year earnings released - AU$0.63 loss per share

Matrix Composites & Engineering Ltd to Report Fiscal Year 2020 Results on Aug 31, 2020

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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