Added to YB: 2026-03-27
Pitch date: 2026-03-22
TEA.AX [bullish]
Tasmea Limited
Author Info
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Company Info
Tasmea Limited provides shutdown, maintenance, emergency breakdown, and capital upgrade services in Australia.
Market Cap
AUD 1.2B
Pitch Price
N/A
Price Target
10.44
Dividend
2.60%
EV/EBITDA
14.14
P/E
23.61
EV/Sales
1.84
Sector
Construction and Engineering
Category
growth
A Tasmea Ltd. Thesis
TEA.AX: Founder-led industrial services roll-up w/ dual growth engines. Acquisitions expand service breadth → unlock organic growth via cross-sell to existing clients + attract new MSAs. WorkPac buy adds largest AU labor pool, solves shortage issues, wins contracts faster. Margin expansion as self-servicing reduces outsourcing costs. Mgmt guides $0.30 EPS FY26 (+30% YoY), excl WorkPac synergies. Conservatively modeling to $0.58 EPS by 2030 = 16-20% CAGR at 15-18x PE vs $4.18 today.
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