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Tasmea Ltd.
(Sydney:TEA)
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Rating:72Outperform
Price Target:
AU$10.00
â–²(9.17% Upside)
Action:Reiterated
Date:06/03/26
The overall score of 72 is primarily led by AU:TEA's impressive top-line growth, improving profitability, and strong technical uptrend. While the core operations are highly efficient and the price momentum is undeniably bullish, investors should remain cautious regarding the stock's premium P/E valuation, increasing financial leverage, and overbought technical signals which could limit near-term upside.
Positive Factors
Robust revenue growth
Sustained double-digit revenue growth reflects durable demand across resources, energy and utilities. Over 2-6 months this supports better contract win leverage, higher utilisation of crews and a larger base of recurring maintenance work that underpins predictable cash flows.
Negative Factors
Rising debt levels
Growing indebtedness raises long-term financial risk by increasing interest and refinancing exposure, which can constrain capital allocation. In a cyclical services industry, elevated leverage reduces flexibility to invest in bids, retain labour or weather downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Robust revenue growth
Sustained double-digit revenue growth reflects durable demand across resources, energy and utilities. Over 2-6 months this supports better contract win leverage, higher utilisation of crews and a larger base of recurring maintenance work that underpins predictable cash flows.
Read all positive factors
Tasmea Ltd. (TEA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.32B
Dividend Yield2.63%
Average Volume (3M)496.94K
Price to Earnings (P/E)42.2
Beta (1Y)0.63
Revenue Growth54.80%
EPS Growth4.49%
CountryAU
Employees1,800
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.20
Shares Outstanding276,457,760
10 Day Avg. Volume558,684
30 Day Avg. Volume496,939
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)4.62
Price to Sales (P/S)1.56
P/FCF Ratio27.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$9.90Price Target Upside8.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.45
Revenue Forecast (FY)AU$2.32B
Tasmea Ltd. Business Overview & Revenue Model
Company Description
Tasmea Ltd, an Australian firm founded in 1997 and based in Dulwich, specializes in delivering essential engineering, maintenance, and project solutions. The company serves diverse industries, including oil and gas, mining and resources, waste and...
How the Company Makes Money
Tasmea Ltd. makes money primarily by delivering contracted industrial services to customers that operate and maintain large physical assets (e.g., plants, pipelines, networks, and processing facilities). Revenue is earned through (1) recurring mai...
Tasmea Ltd. Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
65
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Jun 2024 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 701.76M | 547.91M | 400.00M | 319.98M | 244.81M | 170.63M |
| Gross Profit | 173.67M | 159.80M | 114.01M | 82.38M | 52.21M | 40.28M |
| EBITDA | 86.62M | 78.21M | 55.46M | 39.01M | 27.73M | 20.33M |
| Net Income | 47.56M | 53.07M | 30.35M | 19.47M | 13.63M | 9.78M |
Balance Sheet | ||||||
| Total Assets | 673.70M | 493.56M | 290.87M | 191.77M | 175.25M | 144.21M |
| Cash, Cash Equivalents and Short-Term Investments | 64.95M | 20.31M | 25.13M | 17.01M | 22.67M | 11.40M |
| Total Debt | 178.42M | 140.32M | 65.67M | 57.46M | 53.80M | 46.73M |
| Total Liabilities | 408.10M | 308.19M | 159.51M | 117.91M | 116.38M | 94.73M |
| Stockholders Equity | 265.60M | 185.37M | 131.23M | 73.71M | 58.87M | 49.48M |
Cash Flow | ||||||
| Free Cash Flow | 50.93M | 31.53M | 20.82M | -11.01M | -3.70M | 15.51K |
| Operating Cash Flow | 68.91M | 46.49M | 43.00M | 18.45K | 22.10K | 16.23K |
| Investing Cash Flow | -43.88M | -77.16M | -54.83M | -15.63M | -7.40M | -1.34K |
| Financing Cash Flow | 13.51M | 25.86M | 19.95M | -8.49M | -3.43M | -9.26K |
Tasmea Ltd. Technical Analysis
Neutral
9.16
Price Trends
8.60
Negative
6.87
Positive
5.58
Positive
Market Momentum
-0.05
Positive
46.24
Neutral
28.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TEA, the sentiment is Neutral. The current price of 9.16 is above the 20-day moving average (MA) of 8.89, above the 50-day MA of 8.60, and above the 200-day MA of 5.58, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 46.24 is Neutral, neither overbought nor oversold. The STOCH value of 28.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:TEA.
Tasmea Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | AU$970.64M | 32.76 | 42.55% | 4.50% | -16.50% | -24.00% | |
78 Outperform | AU$871.46M | 23.02 | 7.03% | 3.47% | -34.08% | -36.57% | |
72 Outperform | AU$2.32B | 42.15 | 21.09% | 2.40% | 54.80% | 4.49% | |
66 Neutral | AU$547.30M | 23.14 | 29.27% | 1.86% | 1.59% | 2.81% | |
58 Neutral | AU$2.11B | 37.05 | 13.26% | 1.73% | 22.85% | 30.32% | |
57 Neutral | AU$1.79B | 23.62 | 8.79% | 1.31% | 34.24% | 1.87% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
AU:TEA
Tasmea Ltd.
8.50
4.68
122.28%
AU:SRG
SRG Global Limited
3.43
1.83
114.11%
AU:DUR
Duratec Limited
2.17
0.73
50.69%
AU:MGH
MAAS Group Holdings Ltd.
5.36
1.32
32.54%
AU:GNG
GR Engineering Services Ltd
5.89
1.95
49.49%
AU:CVL
Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh
1.72
0.56
47.84%
Tasmea Ltd. Corporate Events
Tasmea Director Stephen Young Increases Indirect Shareholding via Trust Entity
Jul 8, 2026
Tasmea Limited has disclosed a change in director Stephen Elliott Young’s relevant interests in the company’s ordinary shares, reflecting an additional on‑market purchase made via a related entity. The update, lodged under ASX li...
Tasmea seeks ASX quotation for 12 million new shares
Jul 2, 2026
Tasmea Limited has applied for the quotation of 12 million new ordinary fully paid shares on the Australian Securities Exchange, with the securities issued on July 1, 2026. The application, lodged as a new announcement under ASX code TEA, reflects...
Tasmea Issues New Employee Incentive Shares Under Bonus Plan
Jul 1, 2026
Tasmea Ltd. has applied for quotation of 35,744 ordinary fully paid shares on the ASX, to be issued to several senior employees under its Bonus Share Plan. The short-term incentive plan, approved by shareholders at the 2024 annual general meeting,...
Tasmea Director Northover Increases Stake via Dividend and Incentive Plans
Jul 1, 2026
Tasmea Limited has reported a change in the shareholdings of director Trent Michael Northover, reflecting additional ordinary shares acquired through the company’s FY26 special dividend reinvestment plan and its FY26 short-term incentive pla...
Tasmea Director Lifts Stake via Special Dividend Reinvestment
Jul 1, 2026
Tasmea Limited has reported a change in the shareholdings of director Jason Frank Pryde, reflecting his participation and that of his related entities in the company’s FY26 special dividend reinvestment plan. The disclosure underscores Tasme...
Tasmea Director Increases Stake via FY26 Dividend Reinvestment Plan
Jul 1, 2026
Tasmea Limited has disclosed a change in the shareholding of director Mark Gabriel Vartuli, reflecting additional ordinary shares acquired both directly and through related entities. The updated holdings follow participation in the company’s...
Tasmea Director Increases Stake via Dividend Reinvestment Plan
Jul 1, 2026
Tasmea Limited has disclosed changes in director Stephen Elliott Young’s interests in the company’s ordinary shares, reflecting additional holdings acquired directly and through associated entities. The securities were issued under the...
Tasmea Ltd. Seeks ASX Quotation for New Dividend Plan Shares
Jun 30, 2026
Tasmea Ltd. has applied for quotation on the ASX of 2,945,189 new ordinary fully paid shares, issued on June 25, 2026, under a dividend or distribution plan. The move modestly increases the company’s free-float and share count, potentially e...
Tasmea plans new placement of up to 12 million shares
Jun 26, 2026
Tasmea Limited has notified the ASX of a proposed issue of up to 12 million ordinary fully paid shares under a placement or similar capital-raising mechanism, with the new securities targeted for issue on 1 July 2026. The move signals a fresh roun...
Tasmea targets record FY27 earnings on order book strength and acquisitions
Jun 24, 2026
Tasmea Ltd. has issued record earnings guidance for FY27, projecting underlying EBITA of A$202–A$208 million and underlying NPATA of A$128–A$132 million, implying more than 70% year-on-year growth. This outlook is supported by a record...
Tasmea to Acquire JPS Group, Deepening LNG Services and Global Growth
Jun 23, 2026
Tasmea Ltd. has agreed to acquire JPS Group, a leading Australian integrated services provider that embeds specialist workforces with energy asset operators and maintains long-term maintenance service agreements with Tier-1 LNG clients such as Che...
Tasmea to buy JPS Group in A$75m deal to boost LNG services footprint
Jun 23, 2026
Tasmea Limited has agreed to acquire 100% of JPS Group, an integrated services provider to the Australian energy sector with a strong presence in LNG operations, shutdowns and tech-enabled isolation services, for up to A$75 million in cash and scr...
Tasmea declares A$26.2m special dividend while reaffirming FY26 outlook
Jun 4, 2026
Tasmea Ltd. has declared a fully franked special dividend of 10 cents per share, amounting to a capital return of about A$26.2 million and to be included in its Dividend Reinvestment Plan at A$6.85 per share. Founders and executive directors inten...
Tasmea Announces AUD 0.10 per Share Distribution and Sets June Payment Timetable
Jun 4, 2026
Tasmea Ltd. has declared a cash distribution of AUD 0.10 per ordinary fully paid share, with the ex-dividend date set for 10 June 2026, a record date of 11 June, and payment scheduled for 25 June. The distribution does not relate to a specific fin...
Tasmea Unveils A$26m Fully Franked Special Dividend and Reaffirms Growth Outlook
Jun 4, 2026
Tasmea has declared a fully franked special dividend of 10 cents per share, amounting to a capital return of about A$26.2 million and included in its Dividend Reinvestment Plan at A$6.85 per share, a 5% discount to recent trading levels. The move ...
Tasmea frees escrowed shares tied to Vertex acquisition
Jun 1, 2026
Tasmea Limited, an Australian diversified specialist trade services provider, focuses on essential maintenance, shutdowns, emergency breakdowns, brownfield upgrades and labour hire for fixed plant across a range of critical industries. Its custome...
Tasmea to Release Escrowed Shares From Flanco Acquisition
Apr 30, 2026
Tasmea Limited will release 1,714,286 fully paid ordinary shares from voluntary escrow on 30 April 2026, following the expiry of escrow conditions tied to its acquisition of Flanco Group. The shares were originally issued as part of the purchase c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.