Matrix Composites & Engineering Ltd
MCE.AX provides oil-related services and equipment within the fossil fuels industry, primarily generating revenue through the supply of specialized equipment and services to the energy sector.
Business. MCE.AX is an Australian company listed on the Australian Securities Exchange (ASX) that operates within the Oil Related Services and Equipment industry. The firm is classified under the Energy - Fossil Fuels sector and generates revenue through a product-sale model. Specific details regarding its operating segments, headquarters location, and geographic presence are not available in the provided data. Consequently, the company is described at the industry level as a participant in the fossil fuel energy services and equipment market.
Analyst recommendations
1 analysts · consensus HoldAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
MCE.AX is an Australian company listed on the Australian Securities Exchange (ASX) that operates within the Oil Related Services and Equipment industry. The firm is classified under the Energy - Fossil Fuels sector and generates revenue through a product-sale model. Specific details regarding its operating segments, headquarters location, and geographic presence are not available in the provided data. Consequently, the company is described at the industry level as a participant in the fossil fuel energy services and equipment market.
MCE.AX's capital structure is characterized by a debt-to-equity ratio of 1.26, indicating a moderate reliance on debt financing. The company's liquidity position is reflected in a current ratio of 2.38, suggesting it has sufficient short-term assets to cover its short-term liabilities. However, the company's operating cash flow is negative at -416,000 AUD, and free cash flow is also negative at -1,462,000 AUD, signaling potential liquidity constraints.
Profitability metrics for MCE.AX are weak, with a return on equity of -7.56% and a return on assets of -2.75%. These figures are below the industry median for the Energy Equipment & Services sector, indicating underperformance relative to peers. The company reported a net loss of 2,218,000 AUD and an operating loss of 1,757,000 AUD, further highlighting its financial challenges.
Geographically, MCE.AX's revenue is concentrated in a single segment, with no disclosed geographic diversification. This lack of diversification increases the company's exposure to regional economic and regulatory risks. The company's business is entirely dependent on the energy sector, which is subject to cyclical demand and geopolitical volatility.
The company's growth trajectory is uncertain, with no disclosed revenue growth in the most recent fiscal year. Analysts have assigned a mean price target of 0.25 AUD, with a median and high target also at 0.25 AUD, indicating limited upside potential. The company's capital expenditure of -5,144,000 AUD suggests a focus on cost management rather than expansion.
Risk factors for MCE.AX include its negative net cash position after subtracting total debt, which raises concerns about its ability to meet short-term obligations. The company's liquidity risk is rated as medium, and while dilution risk is currently low, the potential for future dilution remains a concern given the company's financial position.
Recent events, including the company's financial performance and analyst estimates, suggest a cautious outlook. The company has not issued new shares recently, and there are no indications of significant changes in its business strategy or financial structure.
- MCE.AX has a weak profitability profile, with negative returns on equity and assets.
- The company's liquidity position is moderate, but its negative operating and free cash flows raise concerns.
- MCE.AX's business is concentrated in a single segment and lacks geographic diversification.
- Analysts have assigned a low price target, indicating limited upside potential.
- The company's capital structure is moderately leveraged, with a debt-to-equity ratio of 1.26.
- MCE.AX faces liquidity and operational risks due to its negative cash flows and net loss.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
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Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,01 |
| Revenue | —no estimate | —no estimate | 91,0M AUD |
| Operating income | —no estimate | —no estimate | 4,8M AUD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- MCE.AX Market data — financials · 2026-05-28
- Matrix Composites & Engineering Ltd Market data — analyst estimates · 2026-05-28