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Matrix Composites & Engineering

ASX:MCE
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MCE
ASX
A$42M
Market Cap
  1. Home
  2. AU
  3. Energy
Company description

Matrix Composites & Engineering Ltd, together with its subsidiaries, manufactures and supplies engineered products and services for the energy sector worldwide. The last earnings update was 145 days ago. More info.


Add to Portfolio Compare Print
  • Matrix Composites & Engineering has significant price volatility in the past 3 months.
MCE Share Price and Events
7 Day Returns
7.9%
ASX:MCE
-2.1%
AU Energy Services
-0.1%
AU Market
1 Year Returns
-19.6%
ASX:MCE
-17.3%
AU Energy Services
4.9%
AU Market
MCE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Matrix Composites & Engineering (MCE) 7.9% 46.4% 10.8% -19.6% -14.6% -65.5%
AU Energy Services -2.1% 8.5% 3% -17.3% 78.1% -29.9%
AU Market -0.1% 1.7% 5.8% 4.9% 19.7% 12.1%
1 Year Return vs Industry and Market
  • MCE underperformed the Energy Services industry which returned -17.3% over the past year.
  • MCE underperformed the Market in Australia which returned 4.9% over the past year.
Price Volatility
MCE
Industry
5yr Volatility vs Market

Value

 Is Matrix Composites & Engineering undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Matrix Composites & Engineering. This is due to cash flow or dividend data being unavailable. The share price is A$0.41.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Matrix Composites & Engineering's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Matrix Composites & Engineering's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:MCE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.15
ASX:MCE Share Price ** ASX (2019-07-15) in AUD A$0.41
Global Energy Services Industry PE Ratio Median Figure of 100 Publicly-Listed Energy Services Companies 18.65x
Australia Market PE Ratio Median Figure of 546 Publicly-Listed Companies 16.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Matrix Composites & Engineering.

ASX:MCE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:MCE Share Price ÷ EPS (both in AUD)

= 0.41 ÷ -0.15

-2.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Matrix Composites & Engineering is loss making, we can't compare its value to the Global Energy Services industry average.
  • Matrix Composites & Engineering is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Matrix Composites & Engineering's expected growth come at a high price?
Raw Data
ASX:MCE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
13.8%per year
Global Energy Services Industry PEG Ratio Median Figure of 70 Publicly-Listed Energy Services Companies 0.76x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Matrix Composites & Engineering, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Matrix Composites & Engineering's assets?
Raw Data
ASX:MCE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.94
ASX:MCE Share Price * ASX (2019-07-15) in AUD A$0.41
Australia Energy Services Industry PB Ratio Median Figure of 5 Publicly-Listed Energy Services Companies 0.51x
Australia Market PB Ratio Median Figure of 1,693 Publicly-Listed Companies 1.7x
ASX:MCE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:MCE Share Price ÷ Book Value per Share (both in AUD)

= 0.41 ÷ 0.94

0.44x

* Primary Listing of Matrix Composites & Engineering.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Matrix Composites & Engineering is good value based on assets compared to the AU Energy Services industry average.
X
Value checks
We assess Matrix Composites & Engineering's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Matrix Composites & Engineering has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Matrix Composites & Engineering expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Matrix Composites & Engineering expected to grow at an attractive rate?
  • Unable to compare Matrix Composites & Engineering's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Matrix Composites & Engineering's earnings growth to the Australia market average as it is expected to be loss making during the next 1-3 years.
  • Matrix Composites & Engineering's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:MCE Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:MCE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 13.8%
ASX:MCE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 17.3%
Global Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 36.8%
Global Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 8.6%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7.3%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:MCE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:MCE Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-06-30 30 -5 -11 1
2019-06-30 38 -2 -8 1
ASX:MCE Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 19 -3 -14
2018-09-30 19 -3 -15
2018-06-30 20 -4 -15
2018-03-31 21 -1 -15
2017-12-31 22 3 -14
2017-09-30 28 7 -17
2017-06-30 33 11 -20
2017-03-31 44 11 -18
2016-12-31 55 11 -16
2016-09-30 75 7 -9
2016-06-30 96 3 -2
2016-03-31 112 -5 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Matrix Composites & Engineering is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Matrix Composites & Engineering's revenue is expected to grow by 17.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:MCE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Matrix Composites & Engineering Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MCE Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-06-30 -0.11 -0.11 -0.11 1.00
2019-06-30 -0.08 -0.08 -0.08 1.00
ASX:MCE Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.15
2018-09-30 -0.16
2018-06-30 -0.16
2018-03-31 -0.16
2017-12-31 -0.15
2017-09-30 -0.18
2017-06-30 -0.21
2017-03-31 -0.19
2016-12-31 -0.17
2016-09-30 -0.09
2016-06-30 -0.02
2016-03-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Matrix Composites & Engineering will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Matrix Composites & Engineering's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Global market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Matrix Composites & Engineering has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Matrix Composites & Engineering's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Matrix Composites & Engineering does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Matrix Composites & Engineering's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Matrix Composites & Engineering's 1-year growth to the Global Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Matrix Composites & Engineering's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Matrix Composites & Engineering Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MCE Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 18.99 -14.11 6.56 2.63
2018-09-30 19.26 -14.75 6.92 2.71
2018-06-30 19.54 -15.39 7.28 2.79
2018-03-31 20.83 -14.56 7.31 1.87
2017-12-31 22.12 -13.74 6.63 1.68
2017-09-30 27.63 -16.63 7.15 1.32
2017-06-30 33.14 -19.53 7.67 0.96
2017-03-31 44.17 -17.57 8.68 0.94
2016-12-31 55.20 -15.62 9.69 0.93
2016-09-30 75.46 -8.86 10.07 1.19
2016-06-30 95.73 -2.11 10.46 1.45
2016-03-31 112.37 -0.62 10.95 1.39
2015-12-31 129.01 0.88 11.44 1.33
2015-09-30 136.54 2.26 11.89 0.99
2015-06-30 144.07 3.63 12.34 0.66
2015-03-31 158.04 4.92 12.86 0.60
2014-12-31 172.01 6.20 13.38 0.54
2014-09-30 165.30 4.61 13.54 0.47
2014-06-30 158.58 3.02 13.69 0.40
2014-03-31 143.78 0.11 13.23 0.45
2013-12-31 128.97 -2.79 12.77 0.50
2013-09-30 137.23 -2.87 12.93 0.52
2013-06-30 145.49 -2.95 13.10 0.54
2013-03-31 144.16 -7.23 12.80 0.06
2012-12-31 142.84 -11.50 12.49 -0.41
2012-09-30 143.83 -12.98 11.61 0.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Matrix Composites & Engineering has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Matrix Composites & Engineering has efficiently used its assets last year compared to the Global Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Matrix Composites & Engineering improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Matrix Composites & Engineering's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Matrix Composites & Engineering has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Matrix Composites & Engineering's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Matrix Composites & Engineering's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Matrix Composites & Engineering is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Matrix Composites & Engineering's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Matrix Composites & Engineering's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Matrix Composites & Engineering Company Filings, last reported 6 months ago.

ASX:MCE Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 96.18 7.37 14.49
2018-09-30 96.18 7.37 14.49
2018-06-30 99.40 3.82 10.59
2018-03-31 99.40 3.82 10.59
2017-12-31 108.48 0.49 11.56
2017-09-30 108.48 0.49 11.56
2017-06-30 114.81 1.52 16.60
2017-03-31 114.81 1.52 16.60
2016-12-31 121.24 3.81 14.27
2016-09-30 121.24 3.81 14.27
2016-06-30 133.44 2.93 8.40
2016-03-31 133.44 2.93 8.40
2015-12-31 137.68 13.77 14.91
2015-09-30 137.68 13.77 14.91
2015-06-30 137.81 8.20 14.47
2015-03-31 137.81 8.20 14.47
2014-12-31 139.25 10.31 29.06
2014-09-30 139.25 10.31 29.06
2014-06-30 136.81 6.50 19.55
2014-03-31 136.81 6.50 19.55
2013-12-31 133.20 7.45 16.10
2013-09-30 133.20 7.45 16.10
2013-06-30 132.29 8.42 15.96
2013-03-31 132.29 8.42 15.96
2012-12-31 137.57 6.44 13.91
2012-09-30 137.57 6.44 13.91
  • Matrix Composites & Engineering's level of debt (7.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (12.1% vs 7.7% today).
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.

  • Matrix Composites & Engineering has sufficient cash runway for 1.9 years based on current free cash flow.
  • Matrix Composites & Engineering has sufficient cash runway for 2 years if free cash flow continues to reduce at historical rates of -8.7% each year.
X
Financial health checks
We assess Matrix Composites & Engineering's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Matrix Composites & Engineering has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Matrix Composites & Engineering dividends. Estimated to be 0% next year.
If you bought A$2,000 of Matrix Composites & Engineering shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Matrix Composites & Engineering's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Matrix Composites & Engineering's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:MCE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Global Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 58 Stocks 3.5%
Australia Market Average Dividend Yield Market Cap Weighted Average of 416 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:MCE Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2020-06-30 0.00 1.00
2019-06-30 0.00 1.00
ASX:MCE Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2017-02-22 0.000 0.000
2016-08-25 0.000 0.000
2016-02-24 0.000 0.000
2015-08-19 0.020 4.023
2015-02-18 0.040 7.263
2013-08-14 0.000 0.000
2013-02-27 0.000 0.000
2012-08-15 0.000 0.000
2011-08-23 0.100 3.548
2011-02-18 0.060 0.791
2010-08-09 0.040 0.756
2010-02-22 0.040 1.579

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Matrix Composites & Engineering has not reported any payouts.
  • Unable to verify if Matrix Composites & Engineering's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Matrix Composites & Engineering's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Matrix Composites & Engineering has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Matrix Composites & Engineering's dividends in 3 years as they are not expected to pay a notable one for Australia.
X
Income/ dividend checks
We assess Matrix Composites & Engineering's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Matrix Composites & Engineering afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Matrix Composites & Engineering has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Matrix Composites & Engineering's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Aaron Begley
COMPENSATION A$635,175
TENURE AS CEO 9.8 years
CEO Bio

Mr. Aaron Paul Begley has been the Chief Executive Officer of Matrix Composites & Engineering Limited since September 2009. Mr. Begley has been Managing Director of the Advanced Materials division since 1999 at Matrix and has played a central role in the development of Matrix’s products and markets. He worked for Matrix’s Heavy Engineering divisions Business Development Manager through which he developed an extensive network of customers and contacts in the global oil and gas, plastics and defense sectors. Mr. Begley has been a Director of Matrix Composites & Engineering Limited since 1999. He holds an AIMS Leadership Certificate Course in 2006, Post Graduate Diploma of Management (Curtin) in 2002 and a Bachelor of Economics from University of Western Australia in 1993.

CEO Compensation
  • Aaron's compensation has increased whilst company is loss making.
  • Aaron's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Matrix Composites & Engineering management team in years:

3.4
Average Tenure
  • The tenure for the Matrix Composites & Engineering management team is about average.
Management Team

Aaron Begley

TITLE
MD, CEO & Director
COMPENSATION
A$635K
TENURE
9.8 yrs

Brendan Cocks

TITLE
CFO & Joint Company Secretary
COMPENSATION
A$329K
TENURE
2.8 yrs

Peter Pezet

TITLE
General Manager of Engineering
COMPENSATION
A$324K
TENURE
4 yrs

Julie Jones

TITLE
General Counsel & Joint Company Secretary
TENURE
1 yrs

Liz Hodgson

TITLE
Human Resource Manager
Board of Directors Tenure

Average tenure of the Matrix Composites & Engineering board of directors in years:

9.7
Average Tenure
  • The tenure for the Matrix Composites & Engineering board of directors is about average.
Board of Directors

Peter Hood

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$80K
TENURE
7.8 yrs

Aaron Begley

TITLE
MD, CEO & Director
COMPENSATION
A$635K
TENURE
20.5 yrs

Craig Duncan

TITLE
Independent Non-Executive Director
COMPENSATION
A$50K
TENURE
11.6 yrs

Steven Cole

TITLE
Independent Non-Executive Director
COMPENSATION
A$50K
AGE
68
TENURE
5.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
10. Jan 19 Sell Maxwell Begley Individual 27. Nov 18 27. Nov 18 -296,351 A$0.37 A$-109,650
10. Jan 19 Buy Maxwell Begley Individual 27. Nov 18 27. Nov 18 296,351 A$0.37 A$109,650
07. Jan 19 Buy Peter Hood Individual 07. Jan 19 07. Jan 19 33,820 A$0.39 A$13,086
21. Dec 18 Buy Forager Funds Management Pty Ltd. Company 17. Dec 18 17. Dec 18 2,857,143 A$0.35 A$999,997
20. Dec 18 Buy Peter Hood Individual 20. Dec 18 20. Dec 18 40,000 A$0.37 A$14,615
18. Dec 18 Buy Peter Hood Individual 19. Dec 18 19. Dec 18 80,000 A$0.37 A$29,600
X
Management checks
We assess Matrix Composites & Engineering's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Matrix Composites & Engineering has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Much Of Matrix Composites & Engineering Ltd (ASX:MCE) Do Insiders Own?

See our latest analysis for Matrix Composites & Engineering ASX:MCE Ownership Summary, July 11th 2019 What Does The Institutional Ownership Tell Us About Matrix Composites & Engineering? … We can see that Matrix Composites & Engineering does have institutional investors; and they hold 32% of the stock. … Insider Ownership Of Matrix Composites & Engineering The definition of company insiders can be subjective, and does vary between jurisdictions.

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Need To Know: Matrix Composites & Engineering Ltd (ASX:MCE) Insiders Have Been Buying Shares

So we'll take a look at whether insiders have been buying or selling shares in Matrix Composites & Engineering Ltd (ASX:MCE). … Check out our latest analysis for Matrix Composites & Engineering The Last 12 Months Of Insider Transactions At Matrix Composites & Engineering In the last twelve months, the biggest single purchase by an insider was when Maxwell Begley bought AU$110k worth of shares at a price of AU$0.37 per share. … In the last twelve months there was more buying than selling by Matrix Composites & Engineering insiders.

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Is Matrix Composites & Engineering Ltd's (ASX:MCE) CEO Overpaid Relative To Its Peers?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Aaron Begley's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Matrix Composites & Engineering Ltd has a market cap of AU$38m, and is paying total annual CEO compensation of AU$635k.

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Easy Come, Easy Go: How Matrix Composites & Engineering (ASX:MCE) Shareholders Got Unlucky And Saw 71% Of Their Cash Evaporate

For example, after five long years the Matrix Composites & Engineering Ltd (ASX:MCE) share price is a whole 71% lower. … Because Matrix Composites & Engineering is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Over half a decade Matrix Composites & Engineering reduced its trailing twelve month revenue by 39% for each year.

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What Investors Should Know About Matrix Composites & Engineering Ltd's (ASX:MCE) Financial Strength

The direct benefit for Matrix Composites & Engineering Ltd (ASX:MCE), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … However, the trade-off is MCE will have to adhere to stricter debt covenants and have less financial flexibility. … Is MCE growing fast enough to value financial flexibility over lower cost of capital

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Do Directors Own Matrix Composites & Engineering Ltd (ASX:MCE) Shares?

A look at the shareholders of Matrix Composites & Engineering Ltd (ASX:MCE) can tell us which group is most powerful. … Matrix Composites & Engineering is a smaller company with a market capitalization of AU$39m, so it may still be flying under the radar of many institutional investors. … institutional investors have bought into the company

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Have Insiders Been Selling Matrix Composites & Engineering Ltd (ASX:MCE) Shares This Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Matrix Composites & Engineering Ltd (ASX:MCE). … Matrix Composites & Engineering Insider Transactions Over The Last Year. … Over the last year, we can see that the biggest insider sale was by Maxwell Begley for AU$1.8m worth of shares, at about AU$0.55 per share.

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Does Matrix Composites & Engineering Ltd (ASX:MCE) Have A Particularly Volatile Share Price?

The second type is the broader market volatility, which you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks on the market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

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Who Really Owns Matrix Composites & Engineering Ltd (ASX:MCE)?

I am going to take a deep dive into Matrix Composites & Engineering Ltd’s (ASX:MCE) most recent ownership structure, not a frequent subject of discussion among individual investors. … Ownership structure of a company has been found to affect share performance over time. … Therefore, it is beneficial for us to examine MCE's ownership structure in more detail.

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What You Must Know About Matrix Composites & Engineering Ltd's (ASX:MCE) Market Risks

The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … Not every stock is exposed to the same level of market risk. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one.

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Company Info

Description

Matrix Composites & Engineering Ltd, together with its subsidiaries, manufactures and supplies engineered products and services for the energy sector worldwide. It offers riser buoyancy systems, including Longitudinal Groove System; conventional riser buoyancy systems; Nautilus riser protection; and marine riser management, maintenance, and rental services, as well as buoyancy system testing services, such as hydrostatic testing, function and fit-up testing, riser joint stack testing, and displacement testing. The company also provides well construction products, such as Max-R, a range of low friction composite drilling and completions centralizers, as well as conductors. In addition, it offers distributed buoyancy clamping systems, IsoBlox buoyancy building block systems, mid water arch buoyancy, permanent subsurface mooring buoyancy, pipeline buckle mitigation buoyancy, steel catenary riser buoyancy, and production riser buoyancy systems; buoyancy balls, cuboids, and tablets; and pipeline installation buoyancy products for the oil and gas markets. Further, the company provides Paragon engineered epoxy resins; specialty process chemicals for the extraction and processing of gold, magnetite, and nickel; energy absorption systems; and thermoplastic composites for aerospace applications. Additionally, it offers Cetrafoam molded pipe cryogenic insulation products; Xirtherm C140 composite cryogenic thermal break blocks; and composite pipe reinforcement systems. Matrix Composites & Engineering Ltd was founded in 1980 and is headquartered in Henderson, Australia.

Details
Name: Matrix Composites & Engineering Ltd
MCE
Exchange: ASX
Founded: 1980
A$41,951,785
102,321,429
Website: http://www.matrixengineered.com
Address: Matrix Composites & Engineering Ltd
150 Quill Way,
Henderson,
Western Australia, 6166,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MCE Ordinary Shares Australian Securities Exchange AU AUD 16. Nov 2009
DB 8ME Ordinary Shares Deutsche Boerse AG DE EUR 16. Nov 2009
CHIA MCE Ordinary Shares Chi-X Australia AU AUD 16. Nov 2009
Number of employees
Current staff
Staff numbers
0
Matrix Composites & Engineering employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 11:53
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/07/05
Last earnings filing: 2019/02/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.