I would say the valuation is slightly more than that based on the Q4 revenue and free-cashflow which was $470 million revenue and $149 million. So based on that and if the oil price stays roughly were it is, the should have close between $1.8 to $2 Billion in revenues for FY19 and free cashflow of $600 to $700 million.
So based on a 10 times multiple of Cash flow, I would give a market Cap of $6 Billion, the current market cap is $4.417 billion, so by my calculation that would give a share price of about $2.60. If the oil price goes up and the AUD to USD exchange rate stay were it is the valuation goes up. If brent held up above $80 USD for a couple of quarters, I would have a valuation closer to $3.
It's in a bit of a sides ways pattern at the moment, just needs a catalyst to break out of it to test new highs, then off too the races again.
Last Days!, page-151
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$1.27 |
Change
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Mkt cap ! $2.897B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.30 | $1.26 | $9.725M | 7.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 135823 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 50000 | 2 |
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