yes. I expect a significant rerating, as they are in a nice spot where they have both volume and price increases, while they have proved to have a good control of their costs during the last years.
The main element I am following is the free cash flow and expect them to show a significant improvement of their free cash flow this year, while they had already a decent free cash flow in FY 21 (free cash flow of 2.2 m, which represents a free cash flow yield of 12 %).
Even if they reach my targets in terms of profitability, the stock will probably continue to have a low rating by the market, as they are in a tough sector (oyster farming). One of the main risks : natural disasters can have a significant impact on pearl production. All Atlas Pearl farms are located in Indonesia, where earthquakes are frequent.
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10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $45.53M |
Open | High | Low | Value | Volume |
11.0¢ | 11.0¢ | 10.0¢ | $21.38K | 203.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 420823 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 83057 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 420823 | 0.100 |
2 | 20212 | 0.099 |
1 | 250000 | 0.098 |
2 | 37200 | 0.097 |
2 | 144166 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 83057 | 3 |
0.115 | 294108 | 4 |
0.120 | 147042 | 4 |
0.125 | 604227 | 5 |
0.130 | 428686 | 5 |
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