Matrix Composites & Engineering Ltd (MCE) AI Stock Analysis

• Market Cap: AU$82.01M
• Dividend Yield: N/A
• Average Volume (3M): 287.58K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.02
• Revenue Growth: -12.07%
• EPS Growth: -160.00%
• Country: AU
• Employees: 383
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -0.04
• Shares Outstanding: 224,685,990
• 10 Day Avg. Volume: 93,359
• 30 Day Avg. Volume: 287,579
• PEG Ratio: 0.14
• Price to Book (P/B): 1.66
• Price to Sales (P/S): 0.65
• P/FCF Ratio: -9.25
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): >-0.01
• Revenue Forecast (FY): AU$87.70M

• Rating: 44 Neutral
• Price Target: AU$0.35 ▲(39.60% Upside)
• Action: Upgraded Date: 04/01/26
• Date: Action: Upgraded 04/01/26

The score is primarily dragged down by weak financial performance (declining revenue, ongoing losses, high leverage, and cash flow pressure). Technical indicators provide some support due to strong recent price momentum, but overbought RSI elevates short-term risk. Valuation remains unattractive/uncertain given a negative P/E and no dividend yield data.

Positive Factors

Niche subsea engineering specialization

A clear focus on subsea engineering and composite/offshore equipment denotes specialized technical capabilities and higher barriers to entry. That specialization supports lasting customer relationships, multi-year project work, and relevance to offshore capex cycles, aiding medium-term revenue potential.

Negative Factors

Sharp revenue decline

A material drop in revenue reduces scale and undermines fixed-cost absorption, weakening competitive positioning on bid pricing and margin recovery. Prolonged revenue contraction can erode backlog visibility and make maintaining workforce and capacity more costly over the medium term.

Matrix Composites & Engineering Ltd Business Overview & Revenue Model

Company Description

Matrix Composites & Engineering Ltd, together with its subsidiaries, designs, engineers, manufactures, and sells composite and material technology solutions to the oil and gas, civil and infrastructure, resources, defense, and transportation indus...

Read more

Matrix Composites & Engineering Ltd, together with its subsidiaries, designs, engineers, manufactures, and sells composite and material technology solutions to the oil and gas, civil and infrastructure, resources, defense, and transportation indus...

How the Company Makes Money

MCE makes money primarily by selling and delivering engineered equipment and services to customers in offshore energy and subsea markets. Key revenue streams include: (1) project-based revenue from the design, manufacture, and delivery of speciali...

Read more

MCE makes money primarily by selling and delivering engineered equipment and services to customers in offshore energy and subsea markets. Key revenue streams include: (1) project-based revenue from the design, manufacture, and delivery of speciali...

Matrix Composites & Engineering Ltd Financial Statement Overview

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	62.24M	74.77M	85.04M	47.20M	28.63M	17.62M
Gross Profit	2.46M	10.77M	17.53M	3.99M	1.20M	-3.56M
EBITDA	-2.95M	3.67M	11.77M	14.64M	-42.00K	-21.18M
Net Income	-12.66M	-2.22M	3.65M	8.68M	-4.78M	-27.92M
Balance Sheet
Total Assets	78.49M	80.78M	95.15M	79.89M	33.22M	36.50M
Cash, Cash Equivalents and Short-Term Investments	18.03M	18.34M	23.32M	20.02M	7.59M	7.16M
Total Debt	69.94M	37.06M	39.39M	35.48M	27.26M	27.72M
Total Liabilities	58.15M	51.45M	64.14M	53.12M	34.52M	39.36M
Stockholders Equity	20.34M	29.32M	31.02M	26.77M	-1.30M	-2.86M
Cash Flow
Free Cash Flow	3.04M	-5.27M	6.54M	-13.23M	-5.66M	-7.04M
Operating Cash Flow	5.67M	-416.00K	10.88M	-10.68M	-4.11M	-3.91M
Investing Cash Flow	-3.19M	-5.14M	2.99M	-9.99M	-1.45M	-3.13M
Financing Cash Flow	-482.00K	-50.00K	-3.10M	25.63M	5.99M	-475.00K

Matrix Composites & Engineering Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MCE, the sentiment is Positive. The current price of 0.25 is below the 20-day moving average (MA) of 0.29, below the 50-day MA of 0.26, and below the 200-day MA of 0.25, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 81.36 is Negative, neither overbought nor oversold. The STOCH value of 90.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MCE.

Matrix Composites & Engineering Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EVZ	72 Outperform	AU$37.67M	3.42	7.07%	―	-9.21%	-42.37%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
VBC	61 Neutral	AU$64.29M	7.32	17.89%	0.49%	-8.28%	89.71%
SOP	46 Neutral	AU$15.06M	-1.03	-160.73%	―	-6.10%	12.50%
MCE	44 Neutral	AU$82.01M	-1.55	-50.97%	―	-12.07%	-160.00%

Matrix Composites & Engineering Ltd Corporate Events