In the auto and motorcyle sector, I like both MTO and NTD (tire distributor) which have a similar profile.
Both have limited organic growth, so they mainly rely on acquisitions for growth.
This year, they benefit from a significant rebound of their results thanks to the improvement of their respective sector, a large operating leverage and a high level of cash generation.
Their valuation look cheap with a free cash flow yield of 15 %+ both companies.
Surprising that there is not much discussion about MTO on HC.
Anyway, there are quite clever funds which support MTO, like WAM and Forager Fund.
AGM Soon - News, page-7
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Last
$1.10 |
Change
0.005(0.46%) |
Mkt cap ! $80.81M | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.11 | $1.09 | $3.398K | 3.078K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4477 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 1200 | 1 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| MTO (ASX) Chart |