Fund Manager Summary
The fund managers believe that Scidev Ltd presents a significant growth opportunity due to its innovative solutions in water treatment for heavy industries, particularly through its flagship product, CatChek, which enhances shale oil extraction efficiency. In their opinion, the company’s recent 40% revenue growth in a stagnant shale market demonstrates its competitive edge, especially with an 8% market share in the Eagle Ford Basin and potential expansion into the larger Permian Basin. Furthermore, the fund managers highlight Scidev's pioneering technology for PFAS remediation, addressing a market projected to be worth $300 to $400 billion in the U.S. alone. Having treated two billion litres of drinking water in Australia and securing its first U.S. contract, they see a massive runway for growth and suggest that Scidev could achieve substantial returns for investors.
Source: Trading View
Commentary From The Managers
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Tyndall Asset Management
7 Nov 2025
$0.37
Summary
- Tyndall Asset Management has initiated a position in Scidev, recognizing it as the smallest market cap company in their portfolio.
- Scidev specializes in providing intellectual property for water treatment in heavy industries, aiming to reduce environmental footprints.
- The company's main product, CatChek, enhances oil extraction efficiency in the US shale industry, reducing friction and extending well life.
- Scidev achieved 40% revenue growth last year, gaining significant market share despite a flat shale oil environment.
- Currently holding 8% market share in the Eagle Ford Basin, Scidev is just starting to penetrate the larger Permian Basin.
- Tyndall Asset Management is particularly excited about Scidev's capabilities in treating PFAS, known as "forever chemicals," which are prevalent in soil and drinking water.
- The PFAS remediation market is estimated to be worth $300 to $400 billion in the US alone, presenting a substantial growth opportunity.
- Scidev has demonstrated success by treating two billion liters of drinking water in Australia and recently secured its first contract in the US for three contaminated defense sites.
- If Scidev can validate its technology for PFAS treatment, Tyndall Asset Management believes there is significant potential for growth.
- The current valuation at six times EBITDA for their core business could represent a major upside if they execute successfully in the PFAS sector.
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Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Commentary From The Managers
Tyndall Asset Management
7 Nov 2025
$0.37
- Tyndall Asset Management has initiated a position in Scidev, recognizing it as the smallest market cap company in their portfolio.
- Scidev specializes in providing intellectual property for water treatment in heavy industries, aiming to reduce environmental footprints.
- The company's main product, CatChek, enhances oil extraction efficiency in the US shale industry, reducing friction and extending well life.
- Scidev achieved 40% revenue growth last year, gaining significant market share despite a flat shale oil environment.
- Currently holding 8% market share in the Eagle Ford Basin, Scidev is just starting to penetrate the larger Permian Basin.
- Tyndall Asset Management is particularly excited about Scidev's capabilities in treating PFAS, known as "forever chemicals," which are prevalent in soil and drinking water.
- The PFAS remediation market is estimated to be worth $300 to $400 billion in the US alone, presenting a substantial growth opportunity.
- Scidev has demonstrated success by treating two billion liters of drinking water in Australia and recently secured its first contract in the US for three contaminated defense sites.
- If Scidev can validate its technology for PFAS treatment, Tyndall Asset Management believes there is significant potential for growth.
- The current valuation at six times EBITDA for their core business could represent a major upside if they execute successfully in the PFAS sector.
Summary
Tyndall Asset Management
31 Oct 2025
$0.33
- SciDev is a small listed Australian chemicals and water technology company focused on reducing environmental footprints in heavy industries.
- Tyndall Asset Management continues to hold SciDev due to insights gained from a recent visit to the Eagle Ford Shale oil fields.
- Portfolio Manager James Nguyen's visit provided first-hand experience of SciDev’s products in action.
- SciDev’s CatCheck product line is crucial in the US shale industry, enhancing fracking processes.
- CatCheck leads to 42% more oil extraction in the first 12 months of usage.
- The product contributes to longer oil well life and lower water usage, minimizing environmental impact.
- CatCheck achieved 46% revenue growth (y/y) for SciDev in FY25, despite a flat US shale market.
- SciDev has gained approximately 8% market share in the Eagle Ford Shale area.
- Recently secured a master services agreement in the Permian Basin, a significant opportunity for growth.
- The Permian Basin is four times the size of Eagle Ford, with SciDev currently holding less than 1% market share.
- Tyndall Asset Management is optimistic about medium-term earnings growth for SciDev based on their operating platform.
Summary
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
ANALYST INSIGHT
Equity Research Analyst
"Investors should keep a close eye on Scidev; its innovative approach to PFAS remediation could unlock a multi-billion dollar market. With a mere $0.37 price tag, the potential for explosive growth appears tantalizing, especially if they can prove their technology's efficacy."
Last Updated: 07 Nov 2025
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Frequently Asked Questions
Who is investing in Scidev Ltd (ASX:SDV)?
Fund managers including Tyndall Asset Management have invested in Scidev Ltd (ASX:SDV).
Why do fund managers invest in Scidev Ltd?
Fund managers see potential in Scidev Ltd due to its innovative water treatment solutions for heavy industries, particularly its CatChek product that enhances oil extraction efficiency while reducing environmental impact. With a strong record of 40% revenue growth and significant market share expansion potential in the US shale industry, Scidev is positioned for substantial growth. Additionally, its advanced technology for treating PFAS, a harmful contaminant, addresses a critical environmental issue with a projected remediation market worth $300-400 billion. This combination of robust core business performance and a promising future in PFAS remediation makes Scidev an attractive investment.
What happened to Scidev Ltd (ASX:SDV)?
Fund managers are investing in Scidev Ltd due to its innovative water treatment solutions that significantly reduce environmental impact, particularly in the shale oil industry. With a strong 40% revenue growth amid a stagnant market, Scidev is expanding its market share, especially in the larger Permian Basin. Additionally, the company's advanced technology for treating PFAS, a hazardous contaminant, positions it well in a burgeoning remediation market projected at $300-400 billion in the US alone. With proven success in Australia and initial contracts in the US, Scidev presents substantial growth potential.