Added to YB: 2025-12-10
Pitch date: 2025-12-08
SCE.L [bullish]
Surface Transforms Plc
-4.11%
current return
Author Info
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Company Info
Surface Transforms Plc, together with its subsidiaries, researches, develops, designs, manufactures, and sells carbon ceramic brakes for automotive market in the United Kingdom, Germany, Sweden, Netherlands, rest of Europe, the United States, and internationally.
Market Cap
GBP 22.8M
Pitch Price
GBP 0.02
Price Target
0.12 (+574%)
Dividend
N/A
EV/EBITDA
-2.56
P/E
-1.15
EV/Sales
2.78
Sector
Automobile Components
Category
turnaround
Surface Transforms (SCE) - Major stumbles in the past year, but back on the road to become a global duopoly in ceramic brake discs
SCE.L: Ceramic brake manufacturer at 8x PE on Q4 run-rate (£2.86M PBT from £25M revenue). Factory expansion to £50M capacity by Q1-26 with £300-400M lifetime contracts secured. Manufacturing yields improved from 41% to 70%+. Debt risk diminishing with profitability recovery. Target 0.79p EPS achievable, implying 4-5x upside at 15x PE multiple.
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