Added to YB: 2026-09-01
Pitch date: 2026-08-30
TEA.AX [bullish]
Tasmea Limited
-2.39%
current return
Author Info
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Company Info
Tasmea Limited provides shutdown, maintenance, emergency breakdown, and capital upgrade services in Australia.
Market Cap
AUD 2.6B
Pitch Price
AUD 9.63
Price Target
13.16 (+40%)
Dividend
1.21%
EV/EBITDA
20.77
P/E
35.94
EV/Sales
2.07
Sector
Construction and Engineering
Category
growth
Tasmea and the Magic Hat
TEA.AX: Tasmea’s FY26 supports the thesis that management creates value through disciplined acquisitions: WorkPac, Maxim and JPS were purchased at 2.6-6.0x forward EBIT/EBITA versus Tasmea’s ~14x FY27 multiple. Revenue rose 136%, underlying EBITA 54% and EPS 27%; FY27 guidance implies at least 74% EBIT and 63% EPS growth. Applying 28x to guided EPS of $0.47 yields $13.16 per share, or 33% upside, though this growth pace is unlikely to persist.
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