We do know that LNR currently trades approximately 4.7 times its 2014 EBITDA while its peers a.k.a. oil-weighted juniors with US-based operations trade 8 times their 2014 EBITDA or much higher.
Let's see what the price would be if LNR traded 8 times its 2014 EBITDA. I will NOT use the upper end of the official guidance ($125 million) for my calculations, although this target of $125 million is very likely given the high oil price in 2014. I will use the $115 million official guidance instead.
115 X 8 = 920 (Enterprise Value).
920 - 195 (Net Debt) = 725 (Market cap).
725 : 752 million outstanding shares = $0.96 (LNREF - US) or A$1.02 (LNR - Sydney).
Lonestar should be at A$1.02 (low estimate) compared to the peers
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.330M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $2.765K | 921.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 45605897 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 992314 | 2 |
View Market Depth
| Last trade - 14.25pm 03/09/2024 (20 minute delay) ? |
| LNR (ASX) Chart |