You are absolutely right. Normalised / underlying NPAT in the case of Humm is rubbish. The fact is this company has made almost zero profit in the last 5 years. Their book value over this period is about the same while their asset base has increased very substantially - ie. they are taking on more and more debt. That is why the stock keeps falling => there is much more risk and very little returns to show for it.
Humm Valuation - What is Sensible, page-108
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Last
79.0¢ |
Change
-0.010(1.25%) |
Mkt cap ! $388.1M | |||
| Open | High | Low | Value | Volume |
| 79.5¢ | 80.0¢ | 78.0¢ | $510.9K | 645.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 80183 | 78.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.0¢ | 681 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| HUM (ASX) Chart |