Tasmea Ltd. (AU:TEA)
ASX:TEA
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Tasmea Ltd.
(Sydney:TEA)
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Rating:77Outperform
Price Target:
AU$9.50
â–²(81.30% Upside)
Action:Reiterated
Date:05/28/26
The score is driven primarily by strong financial performance (notably revenue growth and improving margins) and a stable balance sheet, tempered by rising debt and some cash-flow volatility. Technicals are supportive due to a clear uptrend, but overbought signals add near-term risk. Valuation is favorable with a modest P/E and a solid dividend yield.
Positive Factors
Business model diversification
Tasmea’s mix of recurring multi-year maintenance contracts and discrete project work provides durable revenue streams. Recurring contracts give visibility and stable cash flows, while project work offers upside and market exposure across resources, energy and utilities, reducing single-market dependency.
Negative Factors
Rising leverage
An upward trend in total debt raises leverage and interest burden risks. Higher indebtedness can constrain bidding flexibility on large contracts, reduce financial resilience if volumes slow, and limit the company’s ability to invest opportunistically or withstand a prolonged industry downturn.
Read all positive and negative factors
Positive Factors
Negative Factors
Business model diversification
Tasmea’s mix of recurring multi-year maintenance contracts and discrete project work provides durable revenue streams. Recurring contracts give visibility and stable cash flows, while project work offers upside and market exposure across resources, energy and utilities, reducing single-market dependency.
Read all positive factors
Tasmea Ltd. (TEA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.23B
Dividend Yield5.44%
Average Volume (3M)496.94K
Price to Earnings (P/E)43.4
Beta (1Y)0.84
Revenue Growth54.80%
EPS Growth4.49%
CountryAU
Employees1,500
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.20
Shares Outstanding270,429,400
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$7.13Price Target Upside35.97% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.28
Revenue Forecast (FY)AU$1.28B
Tasmea Ltd. Business Overview & Revenue Model
Company Description
E&A Limited provides engineering services primarily to the oil and gas, mining and resources, water, and defense, and power and energy industries in Australia. The company's Investment & Corporate Advisory segment offers corporate advisory service...
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
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
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
Positive
5.24
Price Trends
5.76
Positive
4.92
Positive
4.71
Positive
Market Momentum
0.67
Negative
85.05
Negative
91.17
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TEA, the sentiment is Positive. The current price of 5.24 is below the 20-day moving average (MA) of 6.64, below the 50-day MA of 5.76, and above the 200-day MA of 4.71, indicating a bullish trend. The MACD of 0.67 indicates Negative momentum. The RSI at 85.05 is Negative, neither overbought nor oversold. The STOCH value of 91.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:TEA.
Tasmea Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | AU$2.23B | 43.45 | 21.09% | 5.44% | 54.80% | 4.49% | |
75 Outperform | AU$989.38M | 32.92 | 42.55% | 5.24% | -16.50% | -24.00% | |
69 Neutral | AU$2.39B | 42.47 | 13.26% | 1.85% | 22.85% | 30.32% | |
69 Neutral | AU$694.45M | 29.57 | 29.27% | 2.25% | 1.59% | 2.81% | |
69 Neutral | AU$896.94M | 29.79 | 5.22% | 4.17% | -34.08% | -36.57% | |
66 Neutral | AU$1.92B | 24.49 | 8.79% | 1.30% | 34.24% | 1.87% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
AU:TEA
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Tasmea Ltd. Corporate Events
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...
Tasmea Showcases Diversified Maintenance Platform at Emerging Wealth Winners Conference
Apr 15, 2026
Tasmea Limited, a diversified provider of specialist maintenance and labour hire services to essential fixed-plant industries across Australia, operates 26 interconnected businesses servicing blue-chip asset owners in sectors from mining and energ...
Tasmea Director Increases Stake via Dividend Reinvestment Plan
Apr 15, 2026
Tasmea Limited has disclosed a minor change in the shareholding of director Jason Frank Pryde, reflecting participation in the company’s dividend reinvestment plan. Through his superannuation vehicle, Pryde Super Pty Ltd as trustee for the P...
Tasmea Director Increases Stake via Dividend Reinvestment Plan
Apr 15, 2026
Tasmea Ltd. has disclosed a change in director Mark Gabriel Vartuli’s holdings following his participation and that of his related entities in the company’s FY26 interim dividend reinvestment plan. The update details incremental on-mar...
Tasmea director Stephen Young updates shareholdings via DRP and internal transfer
Apr 15, 2026
Tasmea director Stephen Elliott Young has updated the market on changes to his relevant interests in the company’s ordinary shares, largely driven by participation in the FY26 interim dividend reinvestment plan. The transactions increased hi...
Tasmea Director Totaro Increases Indirect Stake via Dividend Reinvestment
Apr 15, 2026
Tasmea Limited has reported a change in the indirect shareholding of director Giuseppe (Joe) Totaro, whose relevant interest is held through Tatary Pty Ltd, a company where he is both a director and shareholder. The disclosure indicates administra...
Tasmea Seeks ASX Quotation for New Shares Under Employee Bonus Plan
Apr 14, 2026
Tasmea Ltd. has applied to the ASX for quotation of 25,015 new ordinary fully paid shares issued under its Tasmea Bonus Share Plan for senior employees. The short-term incentive plan, which was approved by shareholders at the 2024 annual general m...
Tasmea Seeks ASX Quotation for New Dividend-Plan Shares
Apr 14, 2026
Tasmea Ltd. has applied to the ASX for quotation of 1,089,444 new ordinary fully paid shares under its TEA ticker, with an issue date of 10 April 2026. The additional stock, issued under a dividend or distribution plan, marginally increases the co...
Tasmea Plans Placement of Over 1 Million New Shares
Apr 9, 2026
Tasmea Ltd. has announced a proposed issue of up to 1,089,444 ordinary fully paid shares through a placement or similar capital raising structure, with the new securities scheduled to be issued on 10 April 2026. The move signals an imminent inject...
Tasmea shareholders back all EGM resolutions as FY26 guidance reaffirmed
Mar 18, 2026
Tasmea Ltd., a diversified provider of specialist maintenance and labour hire services across multiple essential industries in Australia, runs a network of 26 interlinked businesses servicing fixed plant assets and critical infrastructure. Its cus...
Tasmea Seeks ASX Quotation for New Employee Incentive Shares
Mar 12, 2026
Tasmea Limited has applied to the ASX for quotation of 117,779 new ordinary fully paid shares issued on March 11, 2026. The securities have been created under the company’s employee incentive scheme, signaling continued use of equity to rewa...
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.