So currently MYR net profit per annum stripping out the impairment charges for intangible assets will be around 80m for the year - hopefully a little higher.
Based on the current markets valuation of the company and if one was to purchase the whole of MYR you would be paid back in approximarely 4.3 years (350m market cap divided by NPAT 80m est).
Current valuation with say a 10x earnings multiple suggests the business is worth around 800m or approximately 230% higher the markets current valuation.
As Icahn and Carlisle, Buffett and others have shown in the past is possible. The key is to buy undervalued, hated stocks as those are the ones that provide large returns with limited downside.
View below extract from Deep Value:
A Contrarian Buy, page-166
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Last
90.0¢ |
Change
-0.015(1.64%) |
Mkt cap ! $757.9M | |||
| Open | High | Low | Value | Volume |
| 91.5¢ | 91.5¢ | 89.8¢ | $206.5K | 229.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 64511 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.5¢ | 18526 | 11 |
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| Last trade - 12.09pm 15/10/2024 (20 minute delay) ? |
| MYR (ASX) Chart |