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Laserbond Ltd (LBL)

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Question asked 17/05/2025

Laserbond Ltd (LBL)

Hi team, I would like your view on LBL, Laserbond. It is a microcap so probably largely below your radar but over 10 years it has a pretty strong record (having stalled somewhat over the last 5 with the 2024 year not so good). The share price has crashed and now looks to be very good value to me. Your stock report is lukewarm at best and you rate its fundamentals at 2/10. Am I missing something? Regards Jeremy

Answer

Hi Jeremy,

For subscribers not familiar with Laserbond Ltd (LBL), it’s a $52mn surface engineering company specializing in enhancing the performance and longevity of industrial components.

Please note the Ratings & Analysis on the MM Site for LBL are quantitative measures underpinned by analysts that cover the stock (only two), they are not MM Views.
To see our thoughts on a company look at the respective “Opinions & Actions” although in the case of LBL we haven’t previously looked at the stock.

Despite revenue growth, LBL experienced a decline in earnings in FY24, and the SP followed accordingly. This decrease was primarily due to increased operating expenses and investments in expansion initiatives, including the acquisition of a 40% stake in Gateway Equipment Parts and Services in Western Australia. Stripping that out, LBL does usually make money.

We are not close to LBL but the risk/reward looks ok around 40c.

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Laserbond Ltd (LBL)

LAST UPDATED 15/05/2025 16:56

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