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. More Details
Excellent balance sheet and overvalued.
Share Price & News
How has Matrix Composites & Engineering's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MCE is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: MCE's weekly volatility (9%) has been stable over the past year.
7 Day Return
AU Energy Services
1 Year Return
AU Energy Services
Return vs Industry: MCE underperformed the Australian Energy Services industry which returned -19.1% over the past year.
Return vs Market: MCE underperformed the Australian Market which returned -1.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Matrix Composites & Engineering's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StDid Matrix Composites & Engineering Ltd (ASX:MCE) Insiders Buy Up More Shares?
2 months ago | Simply Wall StHere's What We Think About Matrix Composites & Engineering's (ASX:MCE) CEO Pay
4 months ago | Simply Wall StInsider Buying: The Matrix Composites & Engineering Ltd (ASX:MCE) MD, CEO & Director Just Bought 10% More Shares
Is Matrix Composites & Engineering undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate MCE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate MCE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: MCE is unprofitable, so we can't compare its PE Ratio to the XX Energy Services industry average.
PE vs Market: MCE is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MCE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MCE is good value based on its PB Ratio (0.4x) compared to the AU Energy Services industry average (0.9x).
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.
- Examine Matrix Composites & Engineering's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Matrix Composites & Engineering competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
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 43.2% 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 (-5.4%).
Return on Equity
High ROE: MCE has a negative Return on Equity (-223.2%), as it is currently unprofitable.
How is Matrix Composites & Engineering's financial position?
Financial Position Analysis
Short Term Liabilities: MCE's short term assets (A$28.2M) exceed its short term liabilities (A$4.5M).
Long Term Liabilities: MCE's short term assets (A$28.2M) do not cover its long term liabilities (A$28.5M).
Debt to Equity History and Analysis
Debt Level: MCE is debt free.
Reducing Debt: MCE has no debt compared to 5 years ago when its debt to equity ratio was 1.7%.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MCE has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: MCE has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 33.7% each year.
What is Matrix Composites & Engineering current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MCE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MCE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MCE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MCE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MCE is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MCE's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Aaron Paul Begley has been the Chief Executive Officer of Matrix Composites & Engineering Limited since September 2009 and also serves as its Managing Director. Mr. Begley had been Managing Director of...
CEO Compensation Analysis
Compensation vs Market: Aaron's total compensation ($USD489.71K) is above average for companies of similar size in the Australian market ($USD279.44K).
Compensation vs Earnings: Aaron's compensation has increased whilst the company is unprofitable.
|MD, CEO & Director||11.17yrs||AU$669.44k||10.65% |
|CFO & Joint Company Secretary||4.17yrs||AU$386.31k||0.16% |
|Head of Program Management||no data||AU$249.45k||0.026% |
|Head of Operations||no data||no data||no data|
|General Counsel & Joint Company Secretary||2.33yrs||no data||no data|
|Human Resource Manager||no data||no data||no data|
Experienced Management: MCE's management team is considered experienced (4.2 years average tenure).
|MD, CEO & Director||11.17yrs||AU$669.44k||10.65% |
|Independent Non-Executive Chairman||9.08yrs||AU$80.00k||1.23% |
|Independent Non-Executive Director||6.58yrs||AU$50.00k||0.020% |
|Independent Non-Executive Director||12.92yrs||AU$50.00k||0.52% |
Experienced Board: MCE's board of directors are seasoned and experienced ( 11 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 company bio, 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$12.790m
- Shares outstanding: 102.32m
- Website: https://www.matrixengineered.com
Number of Employees
- Matrix Composites & Engineering Ltd
- 150 Quill Way
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MCE||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Nov 2009|
|8ME||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Nov 2009|
|MCE||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Nov 2009|
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, re...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/23 10:45|
|End of Day Share Price||2020/11/23 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.