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Provides industrial maintenance and engineering services to the mining and resources sector in Western Australia.
Provides industrial maintenance and engineering services to the mining and resources sector in Western Australia.
In one line: A WA-focused mining-services/maintenance contractor.
Moat: none (customer qualification). Established client relationships in WA resources maintenance, a fragmented and competitive services market.
Headquarters: Perth, Australia · Employees: 8,000
Size Tasmea (TEA.AX) is an Australia Industrials company (Engineering & Construction) with a market value of $1.73B, the 134th largest of 316 Australia companies the cockpit tracks. Shares closed at A$8.90 on 6 Nov 2026.
Performance Over six months the shares gained 48.8%, against -9.5% for the median peer and +4.1% for the Australia market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 136.0% over the last twelve months (peer median -2.0%); the operating margin is 7.9% (peer median 6.1%).
Valuation It trades at 18.9× forward earnings against a peer median of 15.0× (8th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +59%, so the hurdle is -55 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 12.0 points above its cost of capital (6.4% WACC).
Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$1.29B | A$1.29B | A$548M | A$400M | A$320M |
| Revenue growth | — | +136% | +37% | +25% | — |
| Gross profit | A$222M | A$222M | A$143M | A$103M | A$73.2M |
| EBITDA | A$126M | A$126M | A$81.8M | A$60.6M | A$35.9M |
| Net income | A$71.3M | A$71.3M | A$53.1M | A$30.4M | A$19.3M |
| Free cash flow | A$64.6M | A$64.6M | A$31.5M | A$20.8M | A$7.43M |
| Capital expenditure | A$26.5M | A$26.5M | A$15.0M | A$22.2M | A$11.0M |
| Total debt | n/a | A$155M | A$140M | A$65.7M | A$57.5M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Tasmea TEA.AX | $1.73B | +49% | +136% | 8% | 18.9× | 4.6% |
| Monadelphous MND.AX | $1.98B | -4% | +29% | 5% | 22.7× | 5.3% |
| NRW NWH.AX | $1.95B | -17% | +31% | 6% | 13.6× | 8.5% |
| SRG Global SRG.AX | $1.46B | +7% | +27% | 7% | 22.1× | 16.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TEA.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.2% | -0.7% | 3rd lowest of 21 |
| 6-month return | +48.8% | -9.5% | 2nd highest of 21 |
| Distance from 52-week high | -24.4% | -26.9% | 9th highest of 21 |
| Revenue growth (TTM) | +136.0% | -2.0% | 2nd highest of 21 |
| Operating margin | 7.9% | 6.1% | 8th highest of 21 |
| Forward P/E | 18.9× | 15.0× | 8th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 4.6% | 1.4% | 6th most demanding of 15 |
| Growth delivered (Del g) | +59.3% | +4.4% | highest of 15 |
| Hurdle (Req g minus delivered) | -54.7 pp | -6.0 pp | least demanding of 15 |
| ROIC minus cost of capital | +12.0 pp | +1.0 pp | 6th highest of 20 |
| EV / EBITDA | 20.5× | 12.2× | most expensive of 12 |
| Net debt / EBITDA | 0.7× | 0.0× | 5th most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tasmea TEA.AX | Australia | $1.73B | +49% | +136% | 8% | 18.9× | 4.6% | +59.3% |
| Suzhou Gold Mantis Construction and Decoration 002081.SZ | China | $1.74B | -25% | -8% | 3% | 29.6× | 12.2% | -11.1% |
| Engineers India ENGINERSIN.NS | India | $1.74B | +12% | +6% | 20% | 25.2× | 29.6% | +4.6% |
| SHO BOND 1414.T | Japan | $1.71B | -6% | -2% | 23% | 16.3× | -7.5% | +2.2% |
| Kier KIE.L | United Kingdom | $1.75B | +53% | +7% | 3% | 12.7× | -6.3% | +5.9% |
| Burkhalter BRKN.SW | Switzerland | $1.71B | -27% | -2% | 6% | 21.5× | -1.3% | +19.0% |
| Chudenko 1941.T | Japan | $1.71B | +3% | +9% | 12% | 11.0× | -8.6% | +4.3% |
| China Aluminum International Engineering 2068.HK | Hong Kong | $1.71B | -39% | -6% | 4% | 13.3× | 11.9% | -0.6% |
| NCC NCC-A.ST | Sweden | $1.69B | -3% | -17% | 3% | 22.2× | -1.6% | +0.7% |
| Envision Greenwise 1783.HK | Hong Kong | $1.68B | +38% | +183% | 3% | n/a | n/a | n/a |
| Guangdong Construction Engineering 002060.SZ | China | $1.79B | -15% | -11% | 3% | 8.0× | n/a | n/a |
| Badger Infrastructure Solutions BDGI.TO | Canada | $1.80B | -10% | +16% | 8% | 19.2× | 21.0% | +15.8% |
| China Next-Gen Commerce and Supply Chain 3928.HK | Hong Kong | $1.81B | +47% | -26% | -17% | n/a | n/a | n/a |
| Japan Elevator Service 6544.T | Japan | $1.65B | -9% | +17% | 19% | 29.3× | 4.0% | +18.6% |
| Shandong Hi-speed Road&bridge 000498.SZ | China | $1.65B | +20% | -9% | 7% | 4.9× | n/a | n/a |
| Mega Union Technology 6944.TW | Taiwan | $1.82B | -17% | +60% | 21% | 14.1× | -4.0% | +30.2% |
| Implenia IMPN.SW | Switzerland | $1.61B | +12% | -8% | 2% | 15.0× | 6.0% | -2.7% |
| Beijing Enterprises Water 0371.HK | Hong Kong | $1.86B | -48% | -5% | 24% | 9.5× | 4.2% | -1.2% |
| Jinko Power Technology 601778.SS | China | $1.86B | -49% | -25% | 16% | n/a | n/a | n/a |
| MIRAIT ONE 1417.T | Japan | $1.60B | -24% | +5% | 6% | 10.4× | -5.7% | +5.4% |
| China CAMC Engineering 002051.SZ | China | $1.58B | -15% | +14% | 5% | 40.3× | n/a | n/a |