Synertec is a provider of engineering products and solutions which typically incorporate complex automated and highly instrumented systems and processes designed to enhance clients’ productivity, efficiency and safety. These services are provided across Australia and overseas.
The inflection point i believe to be a shift in investment priorities from the capital intensive and low margin ‘Fixed price projects & Transfer of goods’ to more high-margin ‘Engineering services’ opportunities.
The company received 111% revenue growth in fy19, has a CEO with a large amount of skin in the game, blue-chip diverse client base and trades on a TTM EV/FCF of 10x with no debt and a large cash pool.