I was thinking of 6.5x ebitda, but then considering that the stock was trading on average of 7.5x, that doesn't give enough upside, unless you think Ebitda will improve significantly?
6 x ebitda will mean EV of 2640M. Net debt of 1571,means mkt cap will be 1069M. That means it needs to drop to $2.80.
If using 6.5x, it needs to drop to 3.40. Still another 15% drop from here.. No wonder shorts are piling up!
NUF, page-87
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Last
$4.61 |
Change
0.080(1.77%) |
Mkt cap ! $1.762B | |||
| Open | High | Low | Value | Volume |
| $4.55 | $4.63 | $4.55 | $2.876M | 625.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6369 | $4.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.61 | 683 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| NUF (ASX) Chart |