I’m in.
At a FY20 EV/EBITDA of 3.0x (from the low end of recent EBITDA guidance), and as long as cash generation keeps being directed toward deleveraging the balance sheet, further downside from here appears likely to be limited even if the business is in terminal decline (which it may well be).
And if the earnings downward trajectory can be somehow slowed down / stabilised, an undemanding 5.0x EV/EBITDA valuation would already place the equity at twice its current market value.
A 1% portfolio weight for me, at this stage, with plenty of room to add if it keeps falling (and earnings don’t sink down a hole).
Ann: Sky and TVNZ partner to deliver the Olympic Games Tokyo 2020, page-3
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Last
$2.76 |
Change
-0.080(2.82%) |
Mkt cap ! $379.9M | |||
| Open | High | Low | Value | Volume |
| $2.84 | $2.84 | $2.58 | $68.75K | 25.91K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9615 | $2.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.84 | 4037 | 3 |
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| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| SKT (ASX) Chart |