EML 1.44% 70.5¢ eml payments limited

Ann: Update on Regulatory Matters, page-189

  1. 817 Posts.
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    Really interesting seeing the PPH (Pushpay acquisition deal)
    • Annual Revenue Run rate is circa $275m AUD
    • Underlying EBIT run rate of $72m AUD (-10% YOY)
    • Gross Margin 69%
    • Underlying NPAT circa $24m AUD

    Business has entered scheme agreement on below conditions
    • Enterprise Value of $933 USD ($1.259B AUD)
    • 16.7 x mid point EBIT

    For Context EML Full Year Results were:
    • Revenue of $234m
    • Underlying EBIT of $51
    • Underlying NPAT circa $30m
    • Current Value for EML = $198m or 3.8 x underlying EBIT

    Just need to resolve multitude of regulatory issues and press on with developing the business *insert grumble*
 
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