Matrix Composites & Engineering Limited (MCE)
Views and News
Essentials
Half-year Performance & Estimates - MCE
| Year-end June | 1H12A | FY12A | 1H13A | FY13A | 1H14A | FY14E | FY15E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 83.6 | 144.9 | 81.6 | 145.5 | 65.1 | 148.0 | 180.0 |
| EBITDA, $m | -1.3 | -13.3 | 6.4 | 7.5 | 7.7 | 16.2 | 22.0 |
| EBIT, $m | -6.5 | -23.6 | 1.3 | -2.8 | 2.4 | 6.0 | 12.0 |
| Report NPAT, $m | -2.5 | -14.5 | 0.53 | -3.0 | 0.68 | ||
| Adj. NPAT, $m | 0.68 | 3.0 | 8.0 | ||||
| Reported EPS, ¢ | -3.00 | -18.00 | 1.00 | -3.00 | 1.00 | ||
| Adjusted EPS, ¢ | 1.00 | 3.00 | 8.00 | ||||
| EPS %FY/Growth | 17% | -33% | -83% | 0% | -200% | 167% | |
| Dividend, ¢ | 2.0 | 2.0 | 0 | 0 | 0 | 0.00 | 3.00 |
| Franking, % | 100% | 100% | - | - | - | - | - |
| EBITDA Margin | 0 | -9% | 8% | 5% | 12% | 10.9% | 12.2% |
| NPAT Margin | 0 | -10% | 1% | -2% | 1% | 2.0% | 4.4% |
| ROE, % | 0 | -11% | 0 | -2% | 1% | ||
| EBIT/Interest | 0.0 | -11.4 | 1.8 | -2.0 | 2.05 | ||
| Net Debt / Equity | 0 | -0.03 | -0.10 | 0.02 | 0.03 | ||
| CashFlow/Sh, ¢ | 6.4 | 14.0 | -9.8 | -2.3 | 5.7 | 14.2 | 27.6 |
| Y/E Shares, m | 77.1 | 94.6 | 94.6 | 94.6 | 94.6 |
| Notes |
| Data sourced from IRESS Market Technology Limited. EPS Growth compared with the pcp is shown in most columns except the first half years which show their percentage of full year EPS. In a handful of cases, unadjusted share splits, or changes between positive and negative values, may give strange changes in ratios. |
Recent News Highlights
As at 19/02/2012 : see details at www.matrixap.com.au (new window? Shift+Click)
| 20/12/2011 Awarded 3-5 year Co-operation Agreement with European oil company, up to $35-50m pa |
| 24/11/2011 Appointment of Chief Financial Officer and Company Secretary |
| 17/11/2011 Announces new orders |
Company Overview
Profile
Matrix Composites & Engineering
Rating:
Category: Spec Stock ;
Action:
Website: www.matrixap.com.au
| ASX code: | MCE |
| Closing Price, 20/06/14: | $ 1.290 |
| Market Capitalisation: | $ 122 million |
| 52 Week High: | $ 1.60 |
| 52 Week Low: | $ 0.60 |
| Sector: | Energy |
| Index: | S&P/ASX Index |
Summary of Fundamentals
| Year-end June | FY12A | FY13A | FY14E | FY15E |
|---|---|---|---|---|
| NPAT, $m | -14.5 | -3.0 | 3.0 | 8.0 |
| Reported EPS, ¢ | -18.00 | -3.00 | ||
| Adjusted EPS, ¢ | -2.95 | 3.00 | 8.00 | |
| EPS Growth, % | -139% | -84% | -202% | 167% |
| P/E Ratio, x | -7.17 | -43.73 | 43.00 | 16.13 |
| Dividend, ¢ | 2.0 | 0 | 0.00 | 3.00 |
| Franking, % | 100% | - | - | - |
| Div. Yield, % | 1.55 | 0.00 | 0.00 | 2.33 |
Notes
| Our Adjusted EPS is used for the last year and forward estimates and as basis for EPS Growth and P/E Ratio. We currently use Reported data for all historic NPAT, for the prior year EPS and as base for last year EPS growth. |
| Data & Chart sourced from IRESS Market Technology Ltd. |
One Year Chart
As at 23 June 2014
Other Highlights
| Sector: | Energy |
| Return on Equity, FY13 : | -2% |
| Net Debt to Equity, FY13 : | 2 % |
| EBIT / Interest Cover, FY13 : | -2.0 x |
| Gicscode: | 10101020 |
| First Listed: | 16-Nov-09 |
Business Activities
Matrix Composites & Engineering Limited (MCE) is a specialist in manufacture of products in composite materials, such as undersea buoyancy equipment, and services to the offshore oil and gas, mining, subsea, and defence industries.
Glossary:
| ♠ | "A Core Stock" - reliable long-term yield & growth |
| ♥ | "We like it" - a seasoned performer, growth & yield |
| ♦ | "A tough scout" - creating a potential breakthrough |
| ♣ | "A steady performer" - giving reliable yield or growth |
| Best Stocks | Portfolio of selected attractive investments |
| Potential | Stocks that may have good improvement prospects |
| Speculative | More risky usually smaller stocks with spec. upside |
| Midcaps | In RR Midcap Index, $ 70m to 1,500m market cap. |
| Large Stocks | Larger Stocks upwards of $ 1,500m market cap |