Matrix Composites & Engineering Ltd, together with its subsidiaries, manufactures and supplies engineered products and services to the oil and gas, civil and infrastructure, resources, defense, and transportation industries in Australia and internationally.
Flawless 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's share price has been volatile over the past 3 months.
7 Day Return
AU Energy Services
1 Year Return
AU Energy Services
Return vs Industry: MCE exceeded the Australian Energy Services industry which returned -57.9% over the past year.
Return vs Market: MCE underperformed the Australian Market which returned -19.4% over the past year.
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
3 weeks ago | Simply Wall StDo Insiders Own Lots Of Shares In Matrix Composites & Engineering Ltd (ASX:MCE)?
1 month ago | Simply Wall StSome Matrix Composites & Engineering (ASX:MCE) Shareholders Are Down 49%
2 months ago | Simply Wall StHave Insiders Been Buying Matrix Composites & Engineering Ltd (ASX:MCE) 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 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 (0.2x) compared to the AU Energy Services industry average (0.6x).
How is Matrix Composites & Engineering forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MCE is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: MCE is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: MCE is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: MCE's revenue is expected to decline over the next 3 years (-11.2% per year).
High Growth Revenue: MCE's revenue is forecast to decline over the next 3 years (-11.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MCE's Return on Equity is forecast to be high in 3 years time
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 -35.6% 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 (18.9%).
Return on Equity
High ROE: MCE has a negative Return on Equity (-8.5%), 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$43.2M) exceed its short term liabilities (A$13.6M).
Long Term Liabilities: MCE's short term assets (A$43.2M) exceed its long term liabilities (A$25.9M).
Debt to Equity History and Analysis
Debt Level: MCE's debt to equity ratio (5.3%) is considered satisfactory.
Reducing Debt: MCE had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Inventory Level: MCE has a high level of physical assets or inventory.
Debt Coverage by Assets: MCE's debt is covered by short term assets (assets are 9.2x debt).
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 more than 3 years if free cash flow continues to reduce at historical rates of -35.9% each year
What is Matrix Composites & Engineering's 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 payouts.
High Dividend: Unable to evaluate MCE's dividend yield against the top 25% of dividend payers, as the company has not reported any 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. Mr. Begley has been Managing Director of the Advanced Materials division since 19 ...
CEO Compensation Analysis
Compensation vs Market: Aaron's total compensation ($USD406.89K) is above average for companies of similar size in the Australian market ($USD246.06K).
Compensation vs Earnings: Aaron's compensation has increased whilst the company is unprofitable.
|MD, CEO & Director||10.58yrs||AU$663.27k||3.48% A$712.6k|
|CFO & Joint Company Secretary||3.58yrs||AU$360.48k||0.16% A$32.6k|
|Head of Operations||no data||no data||no data|
|General Counsel & Joint Company Secretary||1.75yrs||no data||no data|
|Human Resource Manager||no data||no data||no data|
|Head of Program Management||no data||no data||no data|
Experienced Management: MCE's management team is considered experienced (3.6 years average tenure).
|MD, CEO & Director||10.58yrs||AU$663.27k||3.48% A$712.6k|
|Independent Non-Executive Chairman||8.5yrs||AU$80.00k||0.96% A$195.6k|
|Independent Non-Executive Director||6yrs||AU$50.00k||0.020% A$4.0k|
|Independent Non-Executive Director||12.33yrs||AU$50.00k||0.58% A$118.1k|
Experienced Board: MCE's board of directors are seasoned and experienced ( 10.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MCE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.5%.
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$20.464m
- 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, manufactures and supplies engineered products and services 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 hydrostatic pressure 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. 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 epoxy resin systems; Kinetica dropped object protection cell systems; energy absorption systems; and Matrix LGS free span remediation solutions. Additionally, it offers Cetrafoam molded pipe cryogenic insulation products; Xirtherm C140 composite cryogenic thermal break blocks; and composite pipe reinforcement systems. The company was founded in 1980 and is headquartered in Henderson, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/05 11:11|
|End of Day Share Price||2020/04/03 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.