Lets assume FY19 ebitda comes in at $45m - around the midpoint of forecast . A suiltable EV/ebitda multiple because of negative store/outlet growth and excessive debt should imo be no higher than 6 to 7 times imo. Just what sort of lease exposure are they up for and how long on these store/outlet closures ??. What sort of free cash flow are they getting now. Most of it i assume is for debt reduction and not store /outlet growth. I can't see assets being bought for higher than 8 times Ebitda imo.
RFG is currently trading at 6.8 times EV/ebitda assuming 183m shares on issue and $260m debt , current market cap of around $46m and achieving FY19 $45m ebitda .
It would be interesting to know if store/outlet margins have improved enough for people to take the risk of taking on a franchise or is negative sentiment still impeding store/outlet openings.
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Last
6.6¢ |
Change
0.001(1.54%) |
Mkt cap ! $164.4M |
Open | High | Low | Value | Volume |
6.6¢ | 6.7¢ | 6.6¢ | $34.58K | 524.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 58691 | 6.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.7¢ | 597035 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 58691 | 0.066 |
14 | 544658 | 0.065 |
3 | 858500 | 0.064 |
3 | 65714 | 0.063 |
4 | 280235 | 0.062 |
Price($) | Vol. | No. |
---|---|---|
0.067 | 597035 | 2 |
0.068 | 114336 | 7 |
0.069 | 416300 | 5 |
0.070 | 2436637 | 12 |
0.071 | 37502 | 2 |
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