Surface Transforms plc
Developer and manufacturer of carbon ceramic products for the brakes market.
Launch date
Employees
Market cap
AUD39.2m
Enterprise valuation
AUD29m (Public information from Sep 2024)
Share price
£0.01422 SCE.L
Company register number 03769702
Liverpool England (HQ)
Financials
Estimates*
| EUR | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenues | 2.0m | 2.3m | 2.8m | 6.1m | 8.8m | 21.0m | 33.2m |
| % growth | - | 17 % | 21 % | 116 % | 43 % | 139 % | 58 % |
| EBITDA | (2.0m) | (3.1m) | (4.3m) | (5.9m) | (11.6m) | (8.1m) | 1.8m |
| % EBITDA margin | (100 %) | (131 %) | (152 %) | (96 %) | (132 %) | (39 %) | 6 % |
| Profit | 2.0m | (2.8m) | (4.7m) | (5.7m) | (23.5m) | (11.7m) | (3.4m) |
| % profit margin | 100 % | (118 %) | (167 %) | (93 %) | (267 %) | (56 %) | (10 %) |
| EV / revenue | 19.2x | 39.0x | 39.6x | 16.2x | 4.9x | 1.4x | 1.0x |
| EV / EBITDA | -19.2x | -29.9x | -26.1x | -16.9x | -3.7x | -3.7x | 17.7x |
| R&D budget | 1.0m | 3.0m | 4.1m | 6.8m | 11.6m | - | - |
| R&D % of revenue | 50 % | 126 % | 144 % | 110 % | 132 % | - | - |
Source: Dealroom estimates
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | N/A | IPO | |
£450k | Grant | ||
£510k | Grant | ||
€200k | Grant | ||
N/A | Grant | ||
£20.0m | Post IPO Equity | ||
* | £13.2m | Post IPO Debt | |
* | £6.5m | Post IPO Equity | |
| Total Funding | AUD2.3m | ||
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