Now that the company is regularly delivering positive EBITDA, there is a better reason to value their unused tax losses.
At 30/6/23, it represented 53.2 M$, which corresponds to a potential tax benefit of 16 m$ (at 30 % rate).
This is significant for a company which has a market cap of 65 m$ and an enterprise value of 56 m$.
Another way to look at it : it has an enterprise value of 40 m$ after valuing this tax benefit, which corresponds to 2.8 x its last quarterly EBITDA annualised.
Such a valuation corresponds more to a very cyclical sector than the water treatment sector which is expected to show regular growth.
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Last
37.0¢ |
Change
0.005(1.37%) |
Mkt cap ! $69.27M |
Open | High | Low | Value | Volume |
37.0¢ | 37.0¢ | 37.0¢ | $33.48K | 90.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 41916 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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38.0¢ | 15279 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 41916 | 0.365 |
2 | 22372 | 0.350 |
1 | 9264 | 0.345 |
2 | 50771 | 0.340 |
1 | 5565 | 0.335 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 90500 | 2 |
0.380 | 10000 | 1 |
0.390 | 8149 | 1 |
0.400 | 23761 | 3 |
0.405 | 3375 | 1 |
Last trade - 10.21am 06/06/2024 (20 minute delay) ? |
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Last
37.0¢ |
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Change
0.005 ( 2.81 %) |
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Open | High | Low | Volume | ||
37.0¢ | 37.0¢ | 37.0¢ | 20076 | ||
Last updated 10.39am 06/06/2024 ? |
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