I think this was a great simple valuation. Anyone care to elaborate as to what is holding it down.
It's been tracking sideways for a long time now despite clear evidence of positive momentum in the business.
1H23 Normalised Cash Profit After Tax (“Normalised CPAT”) of $38.5m, up 2% on pcpBased on these figures I expect a normalised CPAT of $40-$50 million the next half and continuing to improve next FY.
Current valuation as follows: FY CPAT $38.5m + $44.3m ($38.5 x 15%) = $82.8 Million
$82.8 Million / 554m shares = $0.1495 per share
The PE here is a bit tricky as there have been a long history of destruction of shareholder wealth especially after the BNPL problems and Latitude debacle. But a PE of around 6 I think is reasonable.
So 6 x $0.1495 per share gives us a valuation of $0.897 per share
But they also have approx. $103m in cash which is $0.18 cents per share,
So $0.897 + $0.18 = $1.077 per share
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49.0¢ |
Change
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Mkt cap ! $240.7M |
Open | High | Low | Value | Volume |
48.0¢ | 49.0¢ | 47.3¢ | $20.45K | 42.55K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 46404 | 47.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.0¢ | 46312 | 3 |
View Market Depth
No. | Vol. | Price($) |
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2 | 46404 | 0.470 |
1 | 2222 | 0.450 |
1 | 10000 | 0.440 |
1 | 34500 | 0.435 |
2 | 15109 | 0.430 |
Price($) | Vol. | No. |
---|---|---|
0.490 | 46312 | 3 |
0.495 | 22361 | 2 |
0.500 | 12115 | 7 |
0.505 | 8000 | 1 |
0.510 | 30150 | 3 |
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