GD,
Apologise for delay, just noted your question.
No science in EBITDA multiples, only art.
ENE is power generation, and infrastructure-like, supported by its ability to get strong debt leverage. While its contractual revenue features are a touch short term, company has now proven its ability to roll-over sales contracts, and is showing it is now back on an EBITDA growth path.
True comparables are hard to find, but leveragable infrastructure trades generally in range 9-12 times.
I think private equity would be comfortable at only 8 times based on FY13, which is largely now "booked".
Separately, am very curious why ENE has suspended buy backs, given small volumes have been available around $3.20.
Inside information?
takeover rumour, page-11
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Last
$1.40 |
Change
-0.040(2.78%) |
Mkt cap ! $156.8M | |||
| Open | High | Low | Value | Volume |
| $1.44 | $1.44 | $1.40 | $49.21K | 35.05K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15829 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 14572 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| SKS (ASX) Chart |