@anhminoi I worked out that WGX 2021 EPS is ($75,684,000 / 423,860,000) = EPS 17.8c which gives it a current P/E of 10 Gross profit 1st Half = $69,800,000(Listed in half yearly) Tax Payable $22,256,000(Listed in half yearly) Gross profit 2nd half=$40,200,000 Tax Payable 30% $12,060,000 Net Profit FY 2021 = ($110,000,000 - $34,316,000) = $75,684,000 Total Tax $34,316,000 $110,000,000 (figure was mentioned as unaudited projected gross profit in last trade update announcement recently) ($110,000,000 - $69,800,00) (gave us the estimated $40,200,000 gross profit for the second half)
Still looks very cheap with P/E of 10 But the following is the reason I purchased some today:
Shareholders Equity listed on half yearly was at $577,000,000 EV = (market cap - cash) = ($767,600,000 - $178,000,000 = $589,600,000) Add to this a likely cash build for June quarter of roughly $12,000,000 and the EV is actually exactly the same as shareholders equity, and this doesn't even account for any increase in shareholders equity in 2021 Annual Report. Very Very Cheap on an asset basis!!!
WGX Price at posting:
$1.81 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)