Not sure why this hasn't been flagged as share price sensitive given the debut guidance provided for FY2024 - notably, Revenue of $345m and NPAT of $46m to $50m (which, for those who know LYL, really means $50m).
Nonetheless, using the mid-point of the guidance, the stock is trading on a P/E of just 8.2x.
But that is an understated valuation metric, given the near-$100m of Net Cash (equivalent to more than $2.00/share). (Sure, the bulk of that cash is required for bonding and performance guarantees, but still, its existence needs to be acknowledged given the sheer quantum involved).
Assuming a minimum dividend payout ratio of 60% would result in DPS of $0.75 for FY2024, which is a dividend yield of almost.
The stock has been priced like the cycle is peaking but when you consider the macro tailwinds and LYL's diversity, both industry-wise as well as geographically, it is very difficult to see earnings easing by much, when they eventually do so.
Even at a share price of $12.00/share, that would still leave the stock on a raw (i.e., excluding any adjustments for Net Cash) of 10 times.
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Last
$12.10 |
Change
0.000(0.00%) |
Mkt cap ! $480.8M |
Open | High | Low | Value | Volume |
$12.07 | $12.10 | $11.91 | $400.5K | 33.34K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 1663 | $12.10 |
Sellers (Offers)
Price($) | Vol. | No. |
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$12.11 | 85 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 1663 | 12.100 |
1 | 85 | 11.970 |
1 | 85 | 11.950 |
1 | 85 | 11.940 |
1 | 85 | 11.930 |
Price($) | Vol. | No. |
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12.110 | 85 | 1 |
12.140 | 517 | 1 |
12.240 | 2500 | 1 |
12.300 | 350 | 2 |
12.490 | 190 | 1 |
Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$12.04 |
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Change
0.000 ( 0.53 %) |
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Open | High | Low | Volume | ||
$12.00 | $12.06 | $11.90 | 7399 | ||
Last updated 15.56pm 07/06/2024 ? |
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