Bull Case for Tasmea Limited (ASX: TEA)

For FY 2024, Tasmea reported very impressive numbers:

• Revenue: AUD 400 million
• Net Profit: AUD 30.5 million
• Return on Equity (ROE): 24.8%

These numbers highlight the company’s efficiency and profitability, noting minimal injuries despite working on heavy machinery.

The company has been proactive in growing its business. In April 2024, it raised AUD 59 million through an IPO, using the funds for debt reduction and acquisitions. These moves position the company for future expansion, enabling more growth. Personally I believe that despite its current run there is more ahead, the engineering and maintenance sector is only going to grow and the current share price is a BUY in my opinion.