This is massively oversold.
Trading at implied 4.3x EV EBITDA based on FY24 guidance (A$65m EBITDA)
Running at 95% EBITDA conversion to OpCF (in 1H), with limited Capex in 2H, they will generate another ~$30m of cash flow in the second half, and $60m for the full year.
Property assets on the balance sheet now $270m.
NTA
- Property $270m
- plus cash $21m
- minus debt $(134m)
- plus net working cap (AR + inv - AP) of $63m
Equals $220m
versus market cap after today's fall of A$170m
Ann: DGL HY24 Results Presentation, page-28
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Last
55.5¢ |
Change
-0.005(0.89%) |
Mkt cap ! $159.6M | |||
| Open | High | Low | Value | Volume |
| 56.0¢ | 56.0¢ | 55.5¢ | $8.073K | 14.50K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17544 | 55.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 56.0¢ | 49828 | 5 |
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| Last trade - 10.21am 08/07/2024 (20 minute delay) ? |
| DGL (ASX) Chart |